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 |