Registered number
09436143
Hillcote Developments Ltd
Filleted Accounts
30 June 2024
Hillcote Developments Ltd
Registered number: 09436143
Balance Sheet
as at 30 June 2024
Notes 2024 2023
£ £
Current assets
Stocks 679,351 44,575
Debtors 3 4,725 236
Cash at bank and in hand 15,609 291,035
699,685 335,846
Creditors: amounts falling due within one year 4 (440,988) (8,977)
Net current assets 258,697 326,869
Total assets less current liabilities 258,697 326,869
Creditors: amounts falling due after more than one year 5 (68,590) (33,604)
Net assets 190,107 293,265
Capital and reserves
Called up share capital 2 2
Profit and loss account 190,105 293,263
Shareholders' funds 190,107 293,265
The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
GJ Saunders
Director
Approved by the board on 22 November 2024
Hillcote Developments Ltd
Notes to the Accounts
for the year ended 30 June 2024
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Revenue from the sale of property is recognised when ownership title has been transferred to the buyer.
Stocks
Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost comprises direct materials and, where applicable, direct labour costs and those overheads that have been incurred in bringing the stocks to their present location and condition.
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current period.
2 Employees 2024 2023
Number Number
Average number of persons employed by the company 0 0
3 Debtors 2024 2023
£ £
Other debtors 4,725 236
4 Creditors: amounts falling due within one year 2024 2023
£ £
Bank loans and overdrafts 6,600 6,600
Trade creditors 6,027 -
Other creditors 428,361 2,377
440,988 8,977
Included in other creditors is an amount of £305,187 (2023: Nil) which is secured by way of a
charge over the freehold property held by the company.
5 Creditors: amounts falling due after one year 2024 2023
£ £
Bank loans 28,046 33,604
Other creditors 40,544 -
68,590 33,604
6 Other information
Hillcote Developments Ltd is a private company limited by shares and incorporated in England. Its registered office is:
20 Wenlock Road
London
N1 7GU
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