REGISTERED NUMBER: |
Unaudited Financial Statements |
for the Period 28 February 2023 to 28 February 2024 |
for |
HILLMAN PROPERTY LIMITED |
REGISTERED NUMBER: |
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: |
REGISTERED OFFICE: |
REGISTERED NUMBER: |
ACCOUNTANTS: |
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 |
CURRENT ASSETS |
Debtors | 5 |
Cash at bank |
CREDITORS |
Amounts falling due within one year | 6 | ( |
) |
NET CURRENT LIABILITIES | ( |
) |
TOTAL ASSETS LESS CURRENT LIABILITIES |
CREDITORS |
Amounts falling due after more than one year |
7 |
( |
) |
NET LIABILITIES | ( |
) |
CAPITAL AND RESERVES |
Called up share capital | 9 |
Revaluation reserve | 10 | ( |
) |
Retained earnings | ( |
) |
SHAREHOLDERS' FUNDS | ( |
) |
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 |
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 |
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 |
The presentation currency of the financial statements is the Pound Sterling (£). |
2. | ACCOUNTING POLICIES |
Basis of preparing the financial statements |
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 |
4. | INVESTMENT PROPERTY |
Total |
£ |
FAIR VALUE |
Additions |
Revaluations | (9,542 | ) |
At 28 February 2024 |
NET BOOK VALUE |
At 28 February 2024 |
Fair value at 28 February 2024 is represented by: |
£ |
Valuation in 2024 | 300,000 |
5. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
£ |
Other debtors |
6. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
£ |
Other creditors |
7. | CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR |
£ |
Bank loans |
8. | SECURED DEBTS |
The following secured debts are included within creditors: |
£ |
Bank loans |
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: | £ |
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 | ( |
) |