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UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2024

FOR

HILL TWINE SOLICITORS LTD

HILL TWINE SOLICITORS LTD (REGISTERED NUMBER: 08876213)






CONTENTS OF THE FINANCIAL STATEMENTS
For The Year Ended 31 March 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


HILL TWINE SOLICITORS LTD

COMPANY INFORMATION
For The Year Ended 31 March 2024







DIRECTORS: K R Hill
S Hill





REGISTERED OFFICE: 7 Trinity
161 Old Christchurch Road
Bournemouth
Dorset
BH1 1JU





REGISTERED NUMBER: 08876213 (England and Wales)






HILL TWINE SOLICITORS LTD (REGISTERED NUMBER: 08876213)

BALANCE SHEET
31 March 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 - -
Tangible assets 5 47,637 10,124
47,637 10,124

CURRENT ASSETS
Debtors 6 140,293 122,721
Cash at bank and in hand 146,129 82,987
286,422 205,708
CREDITORS
Amounts falling due within one year 7 109,675 59,659
NET CURRENT ASSETS 176,747 146,049
TOTAL ASSETS LESS CURRENT
LIABILITIES

224,384

156,173

PROVISIONS FOR LIABILITIES 11,909 2,531
NET ASSETS 212,475 153,642

CAPITAL AND RESERVES
Called up share capital 8 50 50
Capital redemption reserve 50 50
Retained earnings 212,375 153,542
SHAREHOLDERS' FUNDS 212,475 153,642

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.

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 9 August 2024 and were signed on its behalf by:





K R Hill - Director


HILL TWINE SOLICITORS LTD (REGISTERED NUMBER: 08876213)

NOTES TO THE FINANCIAL STATEMENTS
For The Year Ended 31 March 2024

1. STATUTORY INFORMATION

Hill Twine Solicitors 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.

Turnover
Fee income is recognised as the right to consideration obtained through the performance of contractual obligations.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2014, is being amortised evenly over its estimated useful life of five years.

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

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.

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.

Amounts recoverable on contracts
Services provided to clients during the year, which at the balance sheet date have not been billed to clients, are recognised as turnover. Turnover recognised in this manner is based on an assessment of the fair value of the services provided at the balance sheet date as a proportion of the total value of the engagement.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 11 (2023 - 12 ) .

HILL TWINE SOLICITORS LTD (REGISTERED NUMBER: 08876213)

NOTES TO THE FINANCIAL STATEMENTS - continued
For The Year Ended 31 March 2024

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 April 2023
and 31 March 2024 30,000
AMORTISATION
At 1 April 2023
and 31 March 2024 30,000
NET BOOK VALUE
At 31 March 2024 -
At 31 March 2023 -

5. TANGIBLE FIXED ASSETS
Fixtures,
Motor fittings
vehicles & equipment Totals
£    £    £   
COST
At 1 April 2023 - 25,195 25,195
Additions 40,500 3,336 43,836
Disposals - (3,778 ) (3,778 )
At 31 March 2024 40,500 24,753 65,253
DEPRECIATION
At 1 April 2023 - 15,071 15,071
Charge for year 2,531 2,868 5,399
Eliminated on disposal - (2,854 ) (2,854 )
At 31 March 2024 2,531 15,085 17,616
NET BOOK VALUE
At 31 March 2024 37,969 9,668 47,637
At 31 March 2023 - 10,124 10,124


6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 91,038 41,582
Amounts recoverable on contracts 41,964 75,609
Other debtors 7,291 5,530
140,293 122,721

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Hire purchase contracts - 1,055
Trade creditors 765 1,195
Taxation and social security 102,752 51,615
Other creditors 6,158 5,794
109,675 59,659

HILL TWINE SOLICITORS LTD (REGISTERED NUMBER: 08876213)

NOTES TO THE FINANCIAL STATEMENTS - continued
For The Year Ended 31 March 2024

8. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
100 Ordinary £1 50 50

9. OTHER FINANCIAL COMMITMENTS

The total commitments, guarantees and contingencies at 31 March 2024 amounted to £10,913 (2023: £Nil).