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REGISTERED NUMBER: 11413202 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 29 FEBRUARY 2024

FOR

MOLE HILL ESTATES LTD

MOLE HILL ESTATES LTD (REGISTERED NUMBER: 11413202)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 29 FEBRUARY 2024










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


MOLE HILL ESTATES LTD

COMPANY INFORMATION
FOR THE YEAR ENDED 29 FEBRUARY 2024







DIRECTOR: P S D Hill





REGISTERED OFFICE: 22a Cornfield Road
Eastbourne
East Sussex
BN21 4QE





REGISTERED NUMBER: 11413202 (England and Wales)





ACCOUNTANTS: Advanta
Chartered Accountants
29 Gildredge Road
Eastbourne
East Sussex
BN21 4RU

MOLE HILL ESTATES LTD (REGISTERED NUMBER: 11413202)

BALANCE SHEET
29 FEBRUARY 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Investments 4 20,834 10,001
Investment property 5 154,000 152,520
174,834 162,521

CURRENT ASSETS
Debtors 6 257,440 6,577
Cash at bank 198 71,037
257,638 77,614
CREDITORS
Amounts falling due within one year 7 207,726 111,574
NET CURRENT ASSETS/(LIABILITIES) 49,912 (33,960 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

224,746

128,561

CAPITAL AND RESERVES
Called up share capital 100 100
Fair value reserve 9 1,110 -
Retained earnings 223,536 128,461
SHAREHOLDERS' FUNDS 224,746 128,561

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 29 February 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 29 February 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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.

The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 26 November 2024 and were signed by:





P S D Hill - Director


MOLE HILL ESTATES LTD (REGISTERED NUMBER: 11413202)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 29 FEBRUARY 2024


1. STATUTORY INFORMATION

Mole Hill Estates Ltd is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention as modified by the revaluation of certain assets.

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.

Taxation
Taxation for the year 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.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

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

Fixed assetsinvestments
Fixed assets investments are valued at market value.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2023 - 1 ) .

4. FIXED ASSET INVESTMENTS
Other
investments
£   
COST OR VALUATION
At 1 March 2023 10,001
Additions 9,800
Revaluations 1,033
At 29 February 2024 20,834
NET BOOK VALUE
At 29 February 2024 20,834
At 28 February 2023 10,001

MOLE HILL ESTATES LTD (REGISTERED NUMBER: 11413202)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 29 FEBRUARY 2024


4. FIXED ASSET INVESTMENTS - continued

Cost or valuation at 29 February 2024 is represented by:

Other
investments
£   
Valuation in 2024 1,033
Cost 19,801
20,834

5. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 March 2023 152,520
Revaluations 1,480
At 29 February 2024 154,000
NET BOOK VALUE
At 29 February 2024 154,000
At 28 February 2023 152,520

Fair value at 29 February 2024 is represented by:
£   
Valuation in 2024 1,480
Cost 152,520
154,000

The director considers the fair value of the investment property to be its open market value at the balance sheet date.

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Amounts owed by group undertakings 248,055 -
Deferred tax asset 9,385 6,577
257,440 6,577

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Other loans 133,878 -
Amounts owed to group undertakings - 7,775
Directors' current accounts 73,187 102,809
Accrued expenses 661 990
207,726 111,574

MOLE HILL ESTATES LTD (REGISTERED NUMBER: 11413202)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 29 FEBRUARY 2024


8. DEFERRED TAX
£   
Balance at 1 March 2023 (6,577 )
Provided during year (2,808 )
Balance at 29 February 2024 (9,385 )

9. RESERVES
Fair
value
reserve
£   
Reserve transfer 1,110

At 29 February 2024 1,110

10. RELATED PARTY DISCLOSURES

At the balance sheet date the company was owed £248,055 (2023: £7,775 owed to) by Friston Hill Estates Ltd, a company controlled by the director. There are no terms attached to this loan.

11. ULTIMATE CONTROLLING PARTY

The ultimate controlling party is P S D Hill.