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REGISTERED NUMBER: 06113728 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 March 2024

for

HILLS GREEN LIMITED

HILLS GREEN LIMITED (Registered number: 06113728)

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


HILLS GREEN LIMITED

Company Information
for the Year Ended 31 March 2024







DIRECTORS: A W Venables
Mrs P R Venables
A R Venables





SECRETARY: Mrs P R Venables





REGISTERED OFFICE: Hills Green Farm
Redesmere Lane
Siddington
Macclesfield
Cheshire
SK11 9PR





REGISTERED NUMBER: 06113728 (England and Wales)

HILLS GREEN LIMITED (Registered number: 06113728)

Balance Sheet
31 March 2024

31/3/24 31/3/23
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 - -
Tangible assets 5 206,059 156,383
206,059 156,383

CURRENT ASSETS
Stocks 6 380,028 404,248
Debtors 7 159,001 171,666
Cash at bank 255,487 382,354
794,516 958,268
CREDITORS
Amounts falling due within one year 8 550,820 470,447
NET CURRENT ASSETS 243,696 487,821
TOTAL ASSETS LESS CURRENT
LIABILITIES

449,755

644,204

PROVISIONS FOR LIABILITIES 25,851 24,868
NET ASSETS 423,904 619,336

CAPITAL AND RESERVES
Called up share capital 2 2
Retained earnings 423,902 619,334
423,904 619,336

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.

HILLS GREEN LIMITED (Registered number: 06113728)

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 12 August 2024 and were signed on its behalf by:




Mrs P R Venables - Director A W Venables - Director




A R Venables - Director


HILLS GREEN LIMITED (Registered number: 06113728)

Notes to the Financial Statements
for the Year Ended 31 March 2024


1. STATUTORY INFORMATION

HILLS GREEN LIMITED 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.

The presentation currency of the financial statements is the Pound Sterling (£).


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.

Hills Green Limited have previously extended the year end to 31st March 2023 from 31st January 2023. The reason for the adjustment was to assist directors with the financial management of the company. As a result, the comparatives are not entirely comparable.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible asses are measured at cost less accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery etc - 15% on reducing balance

Investment property
Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Biological Assets

The class of biological assets within these financial statements are that of a herd of cattle and are valued using the cost model in accordance with FRS102.

HILLS GREEN LIMITED (Registered number: 06113728)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2024


2. ACCOUNTING POLICIES - continued

Financial instruments
The company has elected to apply the provisions of Section 11 'Basic financial Instruments' and Section 12 'Other Financial Instruments Issues' of FRS 102 to all of its financial instruments.

Financial instruments are recognised in the company's balance sheet when the company becomes party to the contractual provisions of the instrument.

Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

Basic financial assets
Basic financial assets, which include debtors and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Financial assets classified as receivable within one year are not amortised.

Classification of financial liabilities
Financial liabilities and equity instruments are classified according to the substance of the contractual arrangement entered into. An equity instrument in any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.

Basic financial liabilities
Basic financial liabilities, including creditors, bank loans, loans from fellow group companies and preference shares that are classified as debt, are initially recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of future payments discounted at a market rate of interest. Financial liabilities classified as payable within one year are not amortised.

Debt instruments are subsequently carried at amortised cost, using the effective interest rate method.

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. amounts payable are classified as current liabilities if payment is due within one year or less. If not, they are presented as non- current liabilities. Trade creditors are recognised initially at transaction price and subsequently measured at amortised cost using the effective interest method.

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.


HILLS GREEN LIMITED (Registered number: 06113728)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2024


2. ACCOUNTING POLICIES - continued
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.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 3 (2023 - 3 ) .

4. INTANGIBLE FIXED ASSETS
Other
intangible
assets
£   
COST
At 1 April 2023
and 31 March 2024 41,714
AMORTISATION
At 1 April 2023
and 31 March 2024 41,714
NET BOOK VALUE
At 31 March 2024 -
At 31 March 2023 -

HILLS GREEN LIMITED (Registered number: 06113728)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2024


5. TANGIBLE FIXED ASSETS
Plant and
Land and machinery
buildings etc Totals
£    £    £   
COST
At 1 April 2023 25,500 222,930 248,430
Additions - 81,539 81,539
At 31 March 2024 25,500 304,469 329,969
DEPRECIATION
At 1 April 2023 - 92,047 92,047
Charge for year - 31,863 31,863
At 31 March 2024 - 123,910 123,910
NET BOOK VALUE
At 31 March 2024 25,500 180,559 206,059
At 31 March 2023 25,500 130,883 156,383

6. STOCKS
31/3/24 31/3/23
£    £   
Herd 257,578 246,348
Stocks 122,450 157,900
380,028 404,248

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31/3/24 31/3/23
£    £   
Trade debtors 105,278 114,538
Other debtors 53,723 57,128
159,001 171,666

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31/3/24 31/3/23
£    £   
Trade creditors 103,404 100,032
Taxation and social security (5 ) 46,674
Other creditors 447,421 323,741
550,820 470,447