REGISTERED NUMBER: |
FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024 |
FOR |
HILLANDALE CARAVAN FINANCE LIMITED |
REGISTERED NUMBER: |
FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024 |
FOR |
HILLANDALE CARAVAN FINANCE LIMITED |
HILLANDALE CARAVAN FINANCE LIMITED (REGISTERED NUMBER: 00435452) |
CONTENTS OF THE FINANCIAL STATEMENTS |
FOR THE YEAR ENDED 31 MARCH 2024 |
Page |
Company Information | 1 |
Balance Sheet | 2 |
Notes to the Financial Statements | 3 |
HILLANDALE CARAVAN FINANCE LIMITED |
COMPANY INFORMATION |
FOR THE YEAR ENDED 31 MARCH 2024 |
DIRECTOR: |
REGISTERED OFFICE: |
REGISTERED NUMBER: |
AUDITORS: |
Black Country House |
Rounds Green Road |
Oldbury |
West Midlands |
B69 2DG |
HILLANDALE CARAVAN FINANCE LIMITED (REGISTERED NUMBER: 00435452) |
BALANCE SHEET |
31 MARCH 2024 |
2024 | 2023 |
(Unaudited) |
Notes | £ | £ |
CURRENT ASSETS |
Debtors | 4 |
Cash at bank and in hand |
CREDITORS |
Amounts falling due within one year | 5 |
NET CURRENT ASSETS |
TOTAL ASSETS LESS CURRENT LIABILITIES |
CAPITAL AND RESERVES |
Called up share capital |
Retained earnings |
SHAREHOLDERS' FUNDS |
In accordance with Section 444 of the Companies Act 2006, the Statement of Comprehensive Income has not been delivered. |
The financial statements were approved by the director and authorised for issue on |
HILLANDALE CARAVAN FINANCE LIMITED (REGISTERED NUMBER: 00435452) |
NOTES TO THE FINANCIAL STATEMENTS |
FOR THE YEAR ENDED 31 MARCH 2024 |
1. | STATUTORY INFORMATION |
Hillandale Caravan Finance Limited is a |
2. | ACCOUNTING POLICIES |
Basis of preparing the financial statements |
The prior reporting period for the entity was unaudited. |
Turnover |
Turnover comprises revenue recognised by the company in respect of goods and services supplied during the year, exclusive of Value Added Tax and trade discounts. |
Interest income on the provision of caravan finance given is recognised over the term of the hire purchase loan agreement. Where these loans are provided at an interest rate below market value, the value of the loan is reduced to fair value and the resulting interest recognised over the credit term within turnover. |
Financial instruments |
Debtors |
Short term debtors are measured at transaction price, less any impairment. |
Hire purchase loans, which are basic financial Instruments, are initially recorded at the present value of future payments discounted at a market rate of interest for a similar loan. Subsequently, they are measured at amortised cost using the effective interest method. Hire purchase loans that are receivable within one year are not discounted. |
Creditors |
Short term creditors are measured at transaction price. |
There are no complex financial instruments. |
Going concern |
The company has cash resources and no requirement for external funding. The director has a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. |
3. | EMPLOYEES AND DIRECTORS |
The average number of employees during the year was |
HILLANDALE CARAVAN FINANCE LIMITED (REGISTERED NUMBER: 00435452) |
NOTES TO THE FINANCIAL STATEMENTS - continued |
FOR THE YEAR ENDED 31 MARCH 2024 |
4. | DEBTORS |
2024 | 2023 |
(Unaudited) |
£ | £ |
Amounts falling due within one year: |
Amounts receivable in respect of hire purchase contracts |
622,618 |
667,477 |
Other debtors |
Amounts falling due after more than one year: |
Amounts receivable in respect of hire purchase contracts |
1,168,953 |
1,454,751 |
Aggregate amounts |
5. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
2024 | 2023 |
(Unaudited) |
£ | £ |
Trade creditors |
Amounts owed to group undertakings |
Corporation tax |
Accrued expenses |
6. | DISCLOSURE UNDER SECTION 444(5B) OF THE COMPANIES ACT 2006 |
The Report of the Auditors was unqualified. |
for and on behalf of |
7. | ULTIMATE CONTROLLING PARTY |
The ultimate controlling party is Denis Lloyd Jones by virtue of his shareholding in the immediate parent undertaking, Lickhill Manor Limited. Their registered office is Lincomb Lock, Titton, Stourport On Severn, Worcestershire, England, DY13 9QR. |
The results of this financial year have been consolidated into Lickhill Manor Limited for the year ended 31 March 2024. |
HILLANDALE CARAVAN FINANCE LIMITED (REGISTERED NUMBER: 00435452) |
NOTES TO THE FINANCIAL STATEMENTS - continued |
FOR THE YEAR ENDED 31 MARCH 2024 |
8. | RELATED PARTY TRANSACTIONS |
The Company has taken advantage of the exemption contained within section 33.1A of FRS 102 to not disclose transactions between wholly owned members of the same group. |
Included within other debtors is a balance of £37,032 for a loan provided to a relative |
of one of the directors. |