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REGISTERED NUMBER: 14695934 (England and Wales)















Unaudited Financial Statements

for the Period 28 February 2023 to 28 February 2024

for

HILLMAN PROPERTY LIMITED

HILLMAN PROPERTY LIMITED (REGISTERED NUMBER: 14695934)






Contents of the Financial Statements
for the period 28 February 2023 to 28 February 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


HILLMAN PROPERTY LIMITED

Company Information
for the period 28 February 2023 to 28 February 2024







DIRECTORS: J G Hillman
C E Hillman





REGISTERED OFFICE: Preston Park House
South Road
Brighton
BN1 6SB





REGISTERED NUMBER: 14695934 (England and Wales)





ACCOUNTANTS: Plus Accounting
Chartered Accountants
Preston Park House
South Road
Brighton
East Sussex
BN1 6SB

HILLMAN PROPERTY LIMITED (REGISTERED NUMBER: 14695934)

Balance Sheet
28 February 2024

Notes £   
FIXED ASSETS
Investment property 4 300,000

CURRENT ASSETS
Debtors 5 394
Cash at bank 1,920
2,314
CREDITORS
Amounts falling due within one year 6 (119,314 )
NET CURRENT LIABILITIES (117,000 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

183,000

CREDITORS
Amounts falling due after more than one
year

7

(210,635

)
NET LIABILITIES (27,635 )

CAPITAL AND RESERVES
Called up share capital 9 2
Revaluation reserve 10 (9,542 )
Retained earnings (18,095 )
SHAREHOLDERS' FUNDS (27,635 )

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the period ended 28 February 2024.

The members have not required the company to obtain an audit of its financial statements for the period ended 28 February 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.

HILLMAN PROPERTY LIMITED (REGISTERED NUMBER: 14695934)

Balance Sheet - continued
28 February 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 4 November 2024 and were signed on its behalf by:





C E Hillman - Director


HILLMAN PROPERTY LIMITED (REGISTERED NUMBER: 14695934)

Notes to the Financial Statements
for the period 28 February 2023 to 28 February 2024

1. STATUTORY INFORMATION

Hillman Property 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.

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

Turnover represents invoiced rental income receivable and is recognised on an accruals basis.

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.

Investment properties for which fair value can be measured reliably without undue cost or effort are measured at fair value at each reporting date with changes in fair value recognised in profit or loss. Deferred taxation is provided on these gains at the rate expected to apply when the property is sold.

The methods and significant assumptions used to ascertain the fair value at the balance sheet date and fair value movement included in the profit for the year are as follows:

The properties have been valued using an open market valuation by, Claire Hillman the director.

Financial instruments
Financial liabilities, financial assets and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the entity after deducting all of its financial liabilities.

Taxation
Taxation for the period 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.

Impairment policy
At each balance sheet date, the company reviews the carrying amount of its assets to determine whether there is any indication that any items have suffered an impairment loss. If any such indication exists, the recoverable amount of an asset is estimated in order to determine the extent of the impairment loss, if any. Where it is not possible to estimate the recoverable amount of an asset, the company estimates the recoverable amount of the cash-generating unit to which the asset belongs.

Going concern
The directors have agreed to support the company as necessary in the foreseeable future. The company therefore continues to adopt the going concern basis in preparing its financial statements.

HILLMAN PROPERTY LIMITED (REGISTERED NUMBER: 14695934)

Notes to the Financial Statements - continued
for the period 28 February 2023 to 28 February 2024

3. EMPLOYEES AND DIRECTORS

The average number of employees during the period was 2 .

4. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
Additions 309,542
Revaluations (9,542 )
At 28 February 2024 300,000
NET BOOK VALUE
At 28 February 2024 300,000

Fair value at 28 February 2024 is represented by:
£   
Valuation in 2024 300,000

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
£   
Other debtors 394

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
£   
Other creditors 119,314

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
£   
Bank loans 210,635

8. SECURED DEBTS

The following secured debts are included within creditors:

£   
Bank loans 210,635

Landbay Partners Limited hold a fixed charge and negative pledge over the property 263 Chichester Road, Bognor Regis, PO21 5AH.

9. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal
value: £   
2 Ordinary £1 2

HILLMAN PROPERTY LIMITED (REGISTERED NUMBER: 14695934)

Notes to the Financial Statements - continued
for the period 28 February 2023 to 28 February 2024

10. RESERVES
Revaluation
reserve
£   
Transfers (9,542 )

At 28 February 2024 (9,542 )