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REGISTERED NUMBER: 06848567 (England and Wales)












HANBURY HILL LIMITED

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2024






HANBURY HILL LIMITED (REGISTERED NUMBER: 06848567)

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


HANBURY HILL LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 MARCH 2024







DIRECTORS: Mr N N L Butcher
Mrs M I E Butcher





REGISTERED OFFICE: Highland House
Mayflower Close
Chandler's Ford
Eastleigh
Hampshire
SO53 4AR





REGISTERED NUMBER: 06848567 (England and Wales)

HANBURY HILL LIMITED (REGISTERED NUMBER: 06848567)

BALANCE SHEET
31 MARCH 2024

2024 2023
Notes £ £
FIXED ASSETS
Tangible assets 4 163,938 47,759
Investment property 5 14,623,103 13,232,776
14,787,041 13,280,535

CURRENT ASSETS
Debtors 6 775,209 952,035
Cash at bank 385,923 831,203
1,161,132 1,783,238
CREDITORS
Amounts falling due within one year 7 (2,979,976 ) (2,137,402 )
NET CURRENT LIABILITIES (1,818,844 ) (354,164 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

12,968,197

12,926,371

CREDITORS
Amounts falling due after more than one
year

8

(2,293,755

)

(3,120,000

)

PROVISIONS FOR LIABILITIES 10 (1,009,815 ) (1,007,892 )
NET ASSETS 9,664,627 8,798,479

HANBURY HILL LIMITED (REGISTERED NUMBER: 06848567)

BALANCE SHEET - continued
31 MARCH 2024

2024 2023
Notes £ £
CAPITAL AND RESERVES
Called up share capital 1,000 1,000
Non distributable reserve 4,068,042 3,584,357
Retained earnings 5,595,585 5,213,122
SHAREHOLDERS' FUNDS 9,664,627 8,798,479

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 23 October 2024 and were signed on its behalf by:





Mr N N L Butcher - Director


HANBURY HILL LIMITED (REGISTERED NUMBER: 06848567)

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


1. STATUTORY INFORMATION

Hanbury Hill 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 FRS 102 "The Financial Reporting Standards applicable in the UK and Republic of Ireland" ("FRS 102") and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies' regime.

The disclosure requirements of section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The financial statements are prepared in sterling, which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest £1.

The financial statements have been prepared under the historical cost convention, modified to include certain financial instruments at fair value. The principal accounting policies adopted are set out below.

Turnover
Turnover represents net invoiced sales of goods, excluding value added tax, except in respect of service contracts where turnover is recognised when the company obtains the right to consideration.

Rents received
Other operating income includes rents receivable from investment properties, which is recognised on an accruals basis.

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.
Office improvements - 15% Straight line
Equipment - 25% Reducing balance
Fixtures and fittings - 25% Reducing balance
Motor vehicles - 25% Reducing balance

The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset and is recognised in the income statement.

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 balance sheet date.

HANBURY HILL LIMITED (REGISTERED NUMBER: 06848567)

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.

Foreign currencies
Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result.

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.

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

Financial assets are recognised in the company's statement of financial position when the company becomes party to the contractual provisions of the instrument.

Basic financial assets, which include trade and other receivables 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 financial transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest.

Financial liabilities
Basic financial liabilities which include trade and other payables, are initially measured at transaction price and subsequently measured at amortised cost, unless the arrangement constitutes a financing transaction where the debt instrument is measured at the present value of the future receipts discounted at a market rate of interest.

Equity instruments
Equity instruments issued by the company are recorded at the fair value of the proceeds received net of direct issue costs. Dividend's payable on equity instruments are recognised as liabilities once they are no longer at the discretion of the company.

3. EMPLOYEES AND DIRECTORS

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

HANBURY HILL LIMITED (REGISTERED NUMBER: 06848567)

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


4. TANGIBLE FIXED ASSETS
Fixtures
Office and Motor
improvements Equipment fittings vehicles Totals
£ £ £ £ £
COST
At 1 April 2023 39,235 11,676 29,886 - 80,797
Additions - - 13,664 200,524 214,188
Disposals - - - (85,524 ) (85,524 )
At 31 March 2024 39,235 11,676 43,550 115,000 209,461
DEPRECIATION
At 1 April 2023 11,771 5,192 16,075 - 33,038
Charge for year 5,885 1,621 4,979 5,345 17,830
Eliminated on disposal - - - (5,345 ) (5,345 )
At 31 March 2024 17,656 6,813 21,054 - 45,523
NET BOOK VALUE
At 31 March 2024 21,579 4,863 22,496 115,000 163,938
At 31 March 2023 27,464 6,484 13,811 - 47,759

5. INVESTMENT PROPERTY
Total
£
FAIR VALUE
At 1 April 2023 13,232,776
Additions 906,400
Revaluations 483,927
At 31 March 2024 14,623,103
NET BOOK VALUE
At 31 March 2024 14,623,103
At 31 March 2023 13,232,776

HANBURY HILL LIMITED (REGISTERED NUMBER: 06848567)

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


5. INVESTMENT PROPERTY - continued

Fair value at 31 March 2024 is represented by:
£
Valuation in 2017 2,970,314
Valuation in 2018 185,000
Valuation in 2019 (1,295,975 )
Valuation in 2020 (244,446 )
Valuation in 2021 143,525
Valuation in 2022 3,300,032
Valuation in 2023 (451,601 )
Valuation in 2024 483,927
Cost 9,532,327
14,623,103

Investment property was valued by the directors on an open market basis at the balance sheet date.

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£ £
Trade debtors - 2,351
Other debtors 775,209 949,684
775,209 952,035

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£ £
Bank loans and overdrafts 230,000 251,889
Hire purchase contracts 3,755 -
Trade creditors 1,329 6,286
Taxation and social security 238,810 197,961
Other creditors 2,506,082 1,681,266
2,979,976 2,137,402

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£ £
Bank loans 2,290,000 3,120,000
Hire purchase contracts 3,755 -
2,293,755 3,120,000

HANBURY HILL LIMITED (REGISTERED NUMBER: 06848567)

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


8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR - continued
2024 2023
£ £
Amounts falling due in more than five years:

Repayable by instalments
Bank loans more than 5 years
by instalments 1,370,000 2,200,000
1,370,000 2,200,000

9. SECURED DEBTS

The following secured debts are included within creditors:

2024 2023
£ £
Bank loans 2,520,000 3,371,889
Hire purchase contracts 7,510 -
2,527,510 3,371,889

Loans are secured by fixed charges over properties owned by the company.

Hire purchase balances are secured on the assets to which they relate.

10. PROVISIONS FOR LIABILITIES
2024 2023
£ £
Deferred tax 1,009,815 1,007,892

Deferred tax
£
Balance at 1 April 2023 1,007,892
Tax on investment prop. reval. (800 )
Accelerated capital allowances 2,723
Balance at 31 March 2024 1,009,815