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REGISTERED NUMBER: 11799228 (England and Wales)
















Hill Park Homes Limited

Unaudited Financial Statements

for the Year Ended 31st March 2024






Hill Park Homes Limited (Registered number: 11799228)






Contents of the Financial Statements
for the Year Ended 31st March 2024




Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 4


Hill Park Homes Limited

Company Information
for the Year Ended 31st March 2024







Directors: Mr. H M Patel
Mrs. J Patel





Registered office: 7 Bell Yard
London
WC2A 2JR





Registered number: 11799228 (England and Wales)





Accountants: AN Accountancy
Accountants
4th Floor
100 Fenchurch Street
London
United Kingdom
EC3M 5JD

Hill Park Homes Limited (Registered number: 11799228)

Statement of Financial Position
31st March 2024

2024 2023
Notes £    £    £    £   
Fixed assets
Tangible assets 4 33,654 44,872
Investment property 5 22,229,829 23,399,820
22,263,483 23,444,692

Current assets
Debtors 6 23,258 8,451
Cash at bank 165,932 36,767
189,190 45,218
Creditors
Amounts falling due within one year 7 691,910 574,946
Net current liabilities (502,720 ) (529,728 )
Total assets less current liabilities 21,760,763 22,914,964

Creditors
Amounts falling due after more than one
year

8

(11,010,313

)

(11,000,294

)

Provisions for liabilities (279,870 ) (575,173 )
Net assets 10,470,580 11,339,497

Capital and reserves
Called up share capital 300 300
Share premium 9,394,094 9,394,094
Fair value reserve 9 814,371 1,691,865
Retained earnings 261,815 253,238
10,470,580 11,339,497

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31st 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 Park Homes Limited (Registered number: 11799228)

Statement of Financial Position - continued
31st 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 14th August 2024 and were signed on its behalf by:





Mr. H M Patel - Director


Hill Park Homes Limited (Registered number: 11799228)

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

1. Statutory information

Hill Park Homes 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.

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 as modified by the revaluation of certain assets.

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

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off the cost less estimated residual value of each asset over its estimated useful life.

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.

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 statement of financial position date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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.

3. Employees and directors

The average number of employees during the year was 2 (2023 - 2 ) .

Hill Park Homes Limited (Registered number: 11799228)

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

4. Tangible fixed assets
Motor
vehicles
£   
Cost or valuation
At 1st April 2023
and 31st March 2024 56,090
Depreciation
At 1st April 2023 11,218
Charge for year 11,218
At 31st March 2024 22,436
Net book value
At 31st March 2024 33,654
At 31st March 2023 44,872

Cost or valuation at 31st March 2024 is represented by:

Motor
vehicles
£   
Cost 56,090

5. Investment property
Total
£   
Fair value
At 1st April 2023 23,399,820
Revaluations (1,169,991 )
At 31st March 2024 22,229,829
Net book value
At 31st March 2024 22,229,829
At 31st March 2023 23,399,820

The investment properties were valued by the director at fair value as at the 31st March 2024.

The fair value was determined to be that of the open market value.

Fair value at 31st March 2024 is represented by:
£   
Valuation in 2024 22,229,829

Hill Park Homes Limited (Registered number: 11799228)

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

6. Debtors: amounts falling due within one year
2024 2023
£    £   
Trade debtors 14,744 -
Other debtors 8,514 8,451
23,258 8,451

7. Creditors: amounts falling due within one year
2024 2023
£    £   
Bank loans and overdrafts 9,981 19,713
Trade creditors 31,226 -
Taxation and social security 33,479 42,969
Other creditors 617,224 512,264
691,910 574,946

8. Creditors: amounts falling due after more than one year
2024 2023
£    £   
Bank loans 11,010,313 11,000,294

Amounts falling due in more than five years:

Repayable otherwise than by instalments
Bank loans due in more than
five years 10,988,807 10,968,807
10,988,807 10,968,807

9. Reserves
Fair
value
reserve
£   
At 1st April 2023 1,691,865
Net gain on revaluations (877,494 )

At 31st March 2024 814,371