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REGISTERED NUMBER: 03939324 (England and Wales)















Financial Statements for the Year Ended 30 October 2023

for

Hilbre Estates Limited

Hilbre Estates Limited (Registered number: 03939324)






Contents of the Financial Statements
for the Year Ended 30 October 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Hilbre Estates Limited

Company Information
for the Year Ended 30 October 2023







DIRECTORS: S H Roberts
K McKinney





SECRETARY: S H Roberts





REGISTERED OFFICE: Shiftworks Royal House
14 Upper Northgate Street
Chester
CH1 4EE





REGISTERED NUMBER: 03939324 (England and Wales)





ACCOUNTANTS: Cobham Murphy Limited
116 Duke Street
Liverpool
Merseyside
L1 5JW

Hilbre Estates Limited (Registered number: 03939324)

Balance Sheet
30 October 2023

30.10.23 30.10.22
Notes £    £    £    £   
FIXED ASSETS
Investments 4 2,621,239 3,156,182
Investment property 5 1,945,095 1,945,095
4,566,334 5,101,277

CURRENT ASSETS
Stocks 43,473 336,656
Debtors 6 4,608,850 4,193,068
Cash at bank 856,854 193,802
5,509,177 4,723,526
CREDITORS
Amounts falling due within one year 7 747,164 887,417
NET CURRENT ASSETS 4,762,013 3,836,109
TOTAL ASSETS LESS CURRENT
LIABILITIES

9,328,347

8,937,386

CREDITORS
Amounts falling due after more than one
year

8

(16,667

)

(26,667

)

PROVISIONS FOR LIABILITIES (194,446 ) (147,249 )
NET ASSETS 9,117,234 8,763,470

CAPITAL AND RESERVES
Called up share capital 3,000 3,000
Share premium 730,000 730,000
Retained earnings 8,384,234 8,030,470
SHAREHOLDERS' FUNDS 9,117,234 8,763,470

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 October 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 October 2023 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.

Hilbre Estates Limited (Registered number: 03939324)

Balance Sheet - continued
30 October 2023


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 30 October 2024 and were signed on its behalf by:





S H Roberts - Director


Hilbre Estates Limited (Registered number: 03939324)

Notes to the Financial Statements
for the Year Ended 30 October 2023

1. STATUTORY INFORMATION

Hilbre Estates 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 as modified by the revaluation of certain assets.

Related party exemption
The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group.

Significant judgements and estimates
There are no judgements (apart from those involving estimates) that have had a significant effect on amounts recognised in the financial statements.

Turnover
Turnover is measured at the fair value of the consideration received for net property sales and management fees excluding value added tax. Property sales are accounted for on exchange of contracts and management fees are accounted for when the service is complete.

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

Investments in subsidiaries
Investments in subsidiary undertakings and joint ventures are recognised at cost less any impairment.

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
Work in progress is valued at the lower of cost and net realisable value.

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition.

Financial instruments
Bank loans are initially measured at the present value of future payments, discounted at a market rate of interest, and subsequently at amortised cost using the effective interest method.

Directors loans and intercompany loans (being repayable on demand), trade debtors and trade creditors are measured at the undiscounted amount of the cash or other consideration expected to be paid or received.

Financial assets that are measured at amortised cost are assessed at the end of each reporting period for objective evidence of impairment. If objective evidence of impairment is found, an impairment loss is recognised in profit and loss.

Hilbre Estates Limited (Registered number: 03939324)

Notes to the Financial Statements - continued
for the Year Ended 30 October 2023

2. ACCOUNTING POLICIES - continued

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 4 (2022 - 5 ) .

4. FIXED ASSET INVESTMENTS
Shares in Interest
group in joint
undertakings venture Totals
£    £    £   
COST OR VALUATION
At 31 October 2022 1,169,098 1,987,084 3,156,182
Additions - 212,268 212,268
Disposals (840,000 ) - (840,000 )
Revaluations - 92,789 92,789
At 30 October 2023 329,098 2,292,141 2,621,239
NET BOOK VALUE
At 30 October 2023 329,098 2,292,141 2,621,239
At 30 October 2022 1,169,098 1,987,084 3,156,182


5. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 31 October 2022
and 30 October 2023 1,945,095
NET BOOK VALUE
At 30 October 2023 1,945,095
At 30 October 2022 1,945,095

Hilbre Estates Limited (Registered number: 03939324)

Notes to the Financial Statements - continued
for the Year Ended 30 October 2023

5. INVESTMENT PROPERTY - continued


6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.10.23 30.10.22
£    £   
Trade debtors 32,739 43,070
Other debtors 4,576,111 4,149,998
4,608,850 4,193,068

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.10.23 30.10.22
£    £   
Bank loans and overdrafts 10,000 10,000
Trade creditors 38,841 19,878
Taxation and social security 241,794 249,941
Other creditors 456,529 607,598
747,164 887,417

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
30.10.23 30.10.22
£    £   
Bank loans 16,667 26,667

9. LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:
30.10.23 30.10.22
£    £   
Within one year 15,782 1,613
Between one and five years 12,007 -
27,789 1,613

10. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

K McKinney, a director, operates a current account with the company to which transactions of a private nature are charged. Included in other debtors as at 30th October 2023 £61,686 owing from K McKinney respectively. Interest was charged on this loan at a rate of 2/2.25%.

11. RELATED PARTY DISCLOSURES

Included in other debtors at 30th October 2023 is £3,326,738 owed from related parties. The loans were interest free and repayable on demand.

12. CHARGES

The companies interest in joint venture properties are secured by a charge of £505,718 with Lloyds Bank.