Acorah Software Products - Accounts Production 16.0.110 false true 31 January 2023 1 February 2022 false 1 February 2023 31 January 2024 31 January 2024 03878448 E Tulloch E Tulloch iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 03878448 2023-01-31 03878448 2024-01-31 03878448 2023-02-01 2024-01-31 03878448 frs-core:Non-currentFinancialInstruments 2024-01-31 03878448 frs-core:FurnitureFittings 2023-02-01 2024-01-31 03878448 frs-core:PlantMachinery 2023-02-01 2024-01-31 03878448 frs-core:RevaluationReserve 2023-02-01 2024-01-31 03878448 frs-core:RevaluationReserve 2023-01-31 03878448 frs-core:RevaluationReserve 2024-01-31 03878448 frs-core:ShareCapital 2024-01-31 03878448 frs-core:RetainedEarningsAccumulatedLosses 2024-01-31 03878448 frs-bus:PrivateLimitedCompanyLtd 2023-02-01 2024-01-31 03878448 frs-bus:AbridgedAccounts 2023-02-01 2024-01-31 03878448 frs-bus:SmallEntities 2023-02-01 2024-01-31 03878448 frs-bus:AuditExempt-NoAccountantsReport 2023-02-01 2024-01-31 03878448 frs-bus:SmallCompaniesRegimeForAccounts 2023-02-01 2024-01-31 03878448 frs-core:CostValuation 2023-01-31 03878448 frs-core:AdditionsToInvestments 2024-01-31 03878448 frs-core:RevaluationsIncreaseDecreaseInInvestments 2024-01-31 03878448 frs-core:CostValuation 2024-01-31 03878448 frs-bus:Director1 2023-02-01 2024-01-31 03878448 frs-bus:CompanySecretary1 2023-02-01 2024-01-31 03878448 frs-countries:EnglandWales 2023-02-01 2024-01-31 03878448 2022-01-31 03878448 2023-01-31 03878448 2022-02-01 2023-01-31 03878448 frs-core:Non-currentFinancialInstruments 2023-01-31 03878448 frs-core:RevaluationReserve 2023-01-31 03878448 frs-core:ShareCapital 2023-01-31 03878448 frs-core:RetainedEarningsAccumulatedLosses 2023-01-31
Registered number: 03878448
Hillgrove Properties Limited
Unaudited ABRIDGED Financial Statements
For The Year Ended 31 January 2024
Unaudited Financial Statements
Contents
Page
Abridged Balance Sheet 1—2
Notes to the Abridged Financial Statements 3—5
Page 1
Abridged Balance Sheet
Registered number: 03878448
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 3 166,825 162,434
Investments 4 35,007 25,936
201,832 188,370
CURRENT ASSETS
Debtors 3,331 -
Cash at bank and in hand 15,486 21,610
18,817 21,610
Creditors: Amounts Falling Due Within One Year (19,756 ) (1,387 )
NET CURRENT ASSETS (LIABILITIES) (939 ) 20,223
TOTAL ASSETS LESS CURRENT LIABILITIES 200,893 208,593
Creditors: Amounts Falling Due After More Than One Year (87,993 ) (87,993 )
NET ASSETS 112,900 120,600
CAPITAL AND RESERVES
Called up share capital 6 1,000 1,000
Revaluation reserve 7 57,948 52,948
Profit and Loss Account 53,952 66,652
SHAREHOLDERS' FUNDS 112,900 120,600
Page 1
Page 2
For the year ending 31 January 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The member has not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges her responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
All of the company's members have consented to the preparation of an Abridged Balance Sheet for the year end 31 January 2024 in accordance with section 444(2A) of the Companies Act 2006.
On behalf of the board
E Tulloch
Director
31/10/2024
The notes on pages 3 to 5 form part of these financial statements.
Page 2
Page 3
Notes to the Abridged Financial Statements
1. Accounting Policies
1.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
1.2. Turnover
Turnover comprises rental income receivable from furnished lettings.
1.3. Tangible Fixed Assets and Depreciation
Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
Plant & Machinery 25% on reducing balance
Fixtures & Fittings 25% on reducing balance
1.4. Investment Properties
All investment properties are carried at fair value determined annually and derived from the current market rents and investment property yields for comparable real estate, adjusted if necessary for any difference in the nature, location or condition of the specific asset. No depreciation is provided for. Changes in fair value are recognised in the profit and loss account.
1.5. Taxation
Income tax expense represents the sum of the tax currently payable and deferred tax.
The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the statement of comprehensive income because of items of income or expense that are taxable or deductible in other years and items that are never taxable or deductible. The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.
Deferred tax is recognised on timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. Deferred tax liabilities are generally recognised for all taxable timing differences. Deferred tax assets are generally recognised for all deductible temporary differences to the extent that it is probable that taxable profits will be available against which those deductible timing differences can be utilised. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered.
Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period. Deferred tax liabilities are presented within provisions for liabilities and deferred tax assets within debtors. The measurement of deferred tax liabilities and assets reflect the tax consequences that would follow from the manner in which the Company expects, at the end of the reporting period, to recover or settle the carrying amount of its assets and liabilities.
Current or deferred tax for the year is recognised in profit or loss, except when they related to items that are recognised in other comprehensive income or directly in equity, in which case, the current and deferred tax is also recognised in other comprehensive income or directly in equity respectively.
2. Average Number of Employees
Average number of employees, including directors, during the year was as follows: NIL (2023: NIL)
- -
Page 3
Page 4
3. Tangible Assets
Total
£
Cost or Valuation
As at 1 February 2023 169,816
Revaluation 5,000
As at 31 January 2024 174,816
Depreciation
As at 1 February 2023 7,382
Provided during the period 609
As at 31 January 2024 7,991
Net Book Value
As at 31 January 2024 166,825
As at 1 February 2023 162,434
4. Investments
Total
£
Cost
As at 1 February 2023 25,936
Additions 8,671
Revaluations 400
As at 31 January 2024 35,007
Provision
As at 1 February 2023 -
As at 31 January 2024 -
Net Book Value
As at 31 January 2024 35,007
As at 1 February 2023 25,936
5. Secured Creditors
Of the creditors the following amounts are secured.
2024 2023
£ £
Bank loans and overdrafts 87,993 87,993
6. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 1,000 1,000
Page 4
Page 5
7. Reserves
Revaluation Reserve
£
As at 1 February 2023 52,948
Transfer to profit and loss 5,000
As at 31 January 2024 57,948
8. General Information
Hillgrove Properties Limited is a private company, limited by shares, incorporated in England & Wales, registered number 03878448 . The registered office is 13 Cellini Street, Nine Elms Point,, London, SW8 2FQ.
Page 5