Registered number
02556557
Hillborough Management (Bexhill) Ltd
Filleted Accounts
30 June 2024
Hillborough Management (Bexhill) Ltd
Registered number: 02556557
Balance Sheet
as at 30 June 2024
Notes 2024 2023
£ £
Fixed assets
Tangible assets 3 1 1
Current assets
Cash at bank and in hand 39,540 38,329
Creditors: amounts falling due within one year 4 (9,702) (10,162)
Net current assets 29,838 28,167
Net assets 29,839 28,168
Capital and reserves
Called up share capital 220 220
Sinking Fund reserve 5 28,606 26,354
Profit and loss account 1,013 1,594
Shareholders' funds 29,839 28,168
The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
Mr M Legg
Director
Approved by the board on 31 August 2024
Hillborough Management (Bexhill) Ltd
Notes to the Accounts
for the year ended 30 June 2024
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Turnover
Turnover represents the value of maintenance contributions and other fees recevable during the year.
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Freehold land and buildings Not depreciated
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
2 Employees 2024 2023
Number Number
Average number of persons employed by the company 2 3
3 Tangible fixed assets
Land and buildings
£
Cost
At 1 July 2023 1
At 30 June 2024 1
Depreciation
At 30 June 2024 -
Net book value
At 30 June 2024 1
At 30 June 2023 1
4 Creditors: amounts falling due within one year 2024 2023
£ £
Service charges received in advance 8,196 8,736
Accrued expenses 1,506 1,426
9,702 10,162
5 Sinking Fund reserve 2024 2023
£ £
At 1 July 2023 26,354 23,698
Added to reserves 2,252 2,656
At 30 June 2024 28,606 26,354
6 Other information
Hillborough Management (Bexhill) Ltd is a private company limited by shares and incorporated in England. Its registered office is:
1 Bidwell Avenue
Bexhill on Sea
East Sussex
TN39 4DD
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