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REGISTERED NUMBER: 10435494 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024

FOR

HILL HUGHES CONSULTING LTD

HILL HUGHES CONSULTING LTD (REGISTERED NUMBER: 10435494)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


HILL HUGHES CONSULTING LTD

COMPANY INFORMATION
FOR THE YEAR ENDED 31 MARCH 2024







Directors: Miss K E Regan
Mr R H M D Morgan





Registered office: 22 Katana House
Fort Fareham Industrial Estate
Newgate Lane
Fareham
Hampshire
PO14 1AH





Registered number: 10435494 (England and Wales)





Accountants: M Squared Accounting Ltd
Botley Mills
Mill Hill
Botley
Southampton
Hampshire
SO30 2GB

HILL HUGHES CONSULTING LTD (REGISTERED NUMBER: 10435494)

BALANCE SHEET
31 MARCH 2024

2024 2023
Notes £    £    £    £   
Fixed assets
Tangible assets 4 1,013,799 577,072

Current assets
Stocks 5 - 438,066
Debtors 6 1,027 3,548
Cash at bank 21,301 15,612
22,328 457,226
Creditors
Amounts falling due within one year 7 694,973 703,400
Net current liabilities (672,645 ) (246,174 )
Total assets less current liabilities 341,154 330,898

Creditors
Amounts falling due after more than one
year

8

436,762

449,811
Net liabilities (95,608 ) (118,913 )

Capital and reserves
Called up share capital 1 1
Retained earnings (95,609 ) (118,914 )
(95,608 ) (118,913 )

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2024 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:
(a)ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

HILL HUGHES CONSULTING LTD (REGISTERED NUMBER: 10435494)

BALANCE SHEET - continued
31 MARCH 2024


The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 31 August 2024 and were signed on its behalf by:





Miss K E Regan - Director


HILL HUGHES CONSULTING LTD (REGISTERED NUMBER: 10435494)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

1. STATUTORY INFORMATION

Hill Hughes Consulting Ltd is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

The director considers that, notwithstanding the company's negative net assets position, it is appropriate to prepare the accounts on a going concern basis as the company will be able to continue to meet its liabilities as they fall due, due to the continuing support of the director.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Fixtures and fittings - 33% on cost
Motor vehicles - 25% on reducing balance
Computer equipment - 33% on reducing balance

Stocks
Work in progress is valued at the lower of cost and net realisable value.

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

HILL HUGHES CONSULTING LTD (REGISTERED NUMBER: 10435494)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2024

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was NIL (2023 - NIL).

4. TANGIBLE FIXED ASSETS
Fixtures
Long Plant and and
leasehold machinery fittings
£    £    £   
COST
At 1 April 2023 571,922 1,350 475
Additions 438,066 - -
At 31 March 2024 1,009,988 1,350 475
DEPRECIATION
At 1 April 2023 - 338 332
Charge for year - 253 47
At 31 March 2024 - 591 379
NET BOOK VALUE
At 31 March 2024 1,009,988 759 96
At 31 March 2023 571,922 1,012 143

Motor Computer
vehicles equipment Totals
£    £    £   
COST
At 1 April 2023 12,129 2,632 588,508
Additions - - 438,066
At 31 March 2024 12,129 2,632 1,026,574
DEPRECIATION
At 1 April 2023 8,627 2,139 11,436
Charge for year 876 163 1,339
At 31 March 2024 9,503 2,302 12,775
NET BOOK VALUE
At 31 March 2024 2,626 330 1,013,799
At 31 March 2023 3,502 493 577,072

5. STOCKS
2024 2023
£    £   
Work-in-progress - 438,066

HILL HUGHES CONSULTING LTD (REGISTERED NUMBER: 10435494)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2024

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 799 3,169
Other debtors 20 20
VAT 208 359
1,027 3,548

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 10,000 8,500
Trade creditors 5,282 7,500
Other creditors 679,388 81,614
Directors' current accounts - 582,285
Accrued expenses 303 23,501
694,973 703,400

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£    £   
Bank loans - 1-2 years 10,000 8,500
Bank loans - 2-5 years 2,500 17,000
Bank loans more 5 yrs non-inst 424,262 424,311
436,762 449,811

Amounts falling due in more than five years:

Repayable otherwise than by instalments
Bank loans more 5 yrs non-inst 424,262 424,311