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Registration number: 13886327

Hill View Holidays Limited

Unaudited Filleted Financial Statements

for the Year Ended 29 February 2024

Pages for filing with Registrar

 

Hill View Holidays Limited

Contents


 

Company Information

1

Balance Sheet

2 to 3

Notes to the Unaudited Financial Statements

4 to 8

 

Hill View Holidays Limited

Company Information


 

Directors

Mrs S L Gale

Mr MP Gale

Registered office

Thomas House Meadowcroft Busines Park
Pope Lane
Whitestake
Preston
Lancashire
PR4 4AZ

 

Hill View Holidays Limited

(Registration number: 13886327)
Balance Sheet as at 29 February 2024

Note

2024
£

2023
£

Fixed assets

 

Tangible assets

4

800

1,531

Investment property

5

138,794

138,794

 

139,594

140,325

Current assets

 

Debtors

6

302

314

Cash at bank and in hand

 

4,010

4,379

 

4,312

4,693

Creditors: Amounts falling due within one year

7

(143,087)

(143,049)

Net current liabilities

 

(138,775)

(138,356)

Total assets less current liabilities

 

819

1,969

Provisions for liabilities

(152)

(291)

Net assets

 

667

1,678

Capital and reserves

 

Called up share capital

100

100

Retained earnings

567

1,578

Shareholders' funds

 

667

1,678

 

Hill View Holidays Limited

(Registration number: 13886327)
Balance Sheet as at 29 February 2024 (continued)

For the financial year ending 29 February 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the directors have not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the Board on 8 November 2024 and signed on its behalf by:
 

.........................................
Mr MP Gale
Director

 

Hill View Holidays Limited

Notes to the Unaudited Financial Statements for the Year Ended 29 February 2024

1

General information

The company is a private company limited by share capital, incorporated in England and Wales.

The address of its registered office is:
Thomas House Meadowcroft Busines Park
Pope Lane
Whitestake
Preston
Lancashire
PR4 4AZ
England

The principal place of business is:
Farm End Cottage
2 Long Fold
Little Hoole
Preston
PR4 4AW

These financial statements were authorised for issue by the Board on 8 November 2024.

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

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 £.

 

Hill View Holidays Limited

Notes to the Unaudited Financial Statements for the Year Ended 29 February 2024 (continued)

2

Accounting policies (continued)

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

Tax

The tax expense for the period comprises current and deferred tax. Tax is recognised in profit
or loss, except that a change attributable to an item of income or expense recognised as
other comprehensive income is also recognised directly in other comprehensive income.


The current income tax charge is calculated on the basis of tax rates and laws that have
been enacted or substantively enacted by the reporting date in the countries where the
company operates and generates taxable income.


Deferred tax is recognised in respect of all timing differences between taxable profits and
profits reported in the financial statements.

Unrelieved tax losses and other deferred tax assets are recognised when it is probable that
they will be recovered against the reversal of deferred tax liabilities or other future taxable
profits.

Deferred tax is measured using the tax rates and laws that have been enacted or
substantively enacted by the reporting date and that are expected to apply to the reversal
of the timing difference.

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated
depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their
acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class

Depreciation method and rate

Furniture and fittings

33% Straight line

Investment property

Investment property is carried at fair value, derived from the current market prices for comparable real estate determined annually by external valuers. The valuers use observable market prices, adjusted if necessary for any difference in the nature, location or condition of the specific asset. Changes in fair value are recognised in profit or loss.

 

Hill View Holidays Limited

Notes to the Unaudited Financial Statements for the Year Ended 29 February 2024 (continued)

2

Accounting policies (continued)

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term
highly liquid investments that are readily convertible to a known amount of cash and are
subject to an insignificant risk of change in value.

Trade debtors

Trade debtors are amounts due from customers for merchandise sold or services performed
in the ordinary course of business.

Trade debtors are recognised initially at the transaction price. They are subsequently
measured at amortised cost using the effective interest method, less provision for impairment.
A provision for the impairment of trade debtors is established when there is objective
evidence that the company will not be able to collect all amounts due according to the
original terms of the receivable

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the
ordinary course of business from suppliers. Accounts payable are classified as current
liabilities if the company does not have an unconditional right, at the end of the reporting
period, to defer settlement of the creditor for at least twelve months after the reporting date.
If there is an unconditional right to defer settlement for at least twelve months after the
reporting date, they are presented as non-current liabilities.

Trade creditors are recognised initially at the transaction price and subsequently measured
at amortised cost using the effective interest method.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

Dividends

Dividend distribution to the company’s shareholders is recognised as a liability in the financial
statements in the reporting period in which the dividends are declared.

 

Hill View Holidays Limited

Notes to the Unaudited Financial Statements for the Year Ended 29 February 2024 (continued)

2

Accounting policies (continued)

Financial instruments

Classification
The Company has elected to apply the provisions of Section 11 ‘Basic Financial Instruments’ and Section 12 ‘Other Financial Instruments Issues’ of FRS 102 to all of its financial instruments. Financial instruments are recognised in the Company’s statement of financial position when the company becomes party to the contractual provisions of the instrument.

Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and liability simultaneously.

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

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

 

3

Staff numbers

The average number of persons employed by the company (including directors) during the year, was 2 (2023 - 2).

 

Hill View Holidays Limited

Notes to the Unaudited Financial Statements for the Year Ended 29 February 2024 (continued)

4

Tangible assets

Fixtures and fittings
 £

Total
£

Cost or valuation

At 1 March 2023

2,216

2,216

At 29 February 2024

2,216

2,216

Depreciation

At 1 March 2023

685

685

Charge for the year

731

731

At 29 February 2024

1,416

1,416

Carrying amount

At 29 February 2024

800

800

At 28 February 2023

1,531

1,531

5

Investment properties

2024
£

At 1 March

138,794

At 29 February

138,794

There has been no valuation of investment property by an independent valuer.

6

Debtors

Current

2024
£

2023
£

Prepayments

302

314

 

302

314

7

Creditors

Creditors: amounts falling due within one year

2024
£

2023
£

Accruals and deferred income

1,075

1,037

Other creditors

142,012

142,012

143,087

143,049