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REGISTERED NUMBER: SC040181 (Scotland)













UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2024

FOR

R & W M HILL (HOLDINGS) LIMITED

R & W M HILL (HOLDINGS) LIMITED (REGISTERED NUMBER: SC040181)






CONTENTS OF THE FINANCIAL STATEMENTS
for the year ended 31 MARCH 2024




Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 4


R & W M HILL (HOLDINGS) LIMITED

COMPANY INFORMATION
for the year ended 31 MARCH 2024







DIRECTORS: M R Hill
R M Hill
G W Hill





SECRETARY: M R Hill





REGISTERED OFFICE: 62 Strathblane Road
Milngavie
Glasgow
G62 8DJ





REGISTERED NUMBER: SC040181 (Scotland)





ACCOUNTANTS: Thomas Barrie & Co LLP
Atlantic House
1a Cadogan Street
Glasgow
G2 6QE

R & W M HILL (HOLDINGS) LIMITED (REGISTERED NUMBER: SC040181)

STATEMENT OF FINANCIAL POSITION
31 MARCH 2024

2024 2023
Notes £    £   
FIXED ASSETS
Investment property 4 145,000 145,000

CURRENT ASSETS
Debtors 5 9,195 9,195
Cash at bank 19,320 22,539
28,515 31,734
CREDITORS
Amounts falling due within one year 6 (3,701 ) (3,687 )
NET CURRENT ASSETS 24,814 28,047
TOTAL ASSETS LESS CURRENT
LIABILITIES

169,814

173,047

PROVISIONS FOR LIABILITIES (14,258 ) (14,258 )
NET ASSETS 155,556 158,789

CAPITAL AND RESERVES
Called up share capital 3,100 3,100
Fair value reserve 7 110,760 110,760
Retained earnings 41,696 44,929
SHAREHOLDERS' FUNDS 155,556 158,789

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2024 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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.

R & W M HILL (HOLDINGS) LIMITED (REGISTERED NUMBER: SC040181)

STATEMENT OF FINANCIAL POSITION - continued
31 MARCH 2024


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 Board of Directors and authorised for issue on 29 November 2024 and were signed on its behalf by:





M R Hill - Director


R & W M HILL (HOLDINGS) LIMITED (REGISTERED NUMBER: SC040181)

NOTES TO THE FINANCIAL STATEMENTS
for the year ended 31 MARCH 2024

1. STATUTORY INFORMATION

R & W M Hill (Holdings) Limited is a private company, limited by shares, registered in Scotland, registration number SC040181. The registered office is 62 Strathblane Road, Milngavie, G62 8DJ.

The principal activity of the company is commercial property letting.

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.

The presentational and functional currency of the financial statements is Pounds Sterling (£).

Significant judgements and estimates
In preparing these financial statements, the directors are required to make judgements, estimates and assumptions that affect the application of the Company's accounting policies and the reported amounts of assets, liabilities, income and expenses. Actual results may differ from these estimates. Estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to estimates are recognised prospectively.

The following judgements and estimates have had the most significant effects on amounts recognised in the financial statements:

Valuation of investment properties
As noted below, investment properties are included in the Statement of Financial Position at fair value. The valuation is based on the director's consideration of several factors including professional valuations, local market conditions and recent selling prices of similar properties.

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.

Financial instruments
The company has financial assets and financial liabilities of a kind that qualify as basic financial instruments.

Debtors
Short term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

Cash and cash equivalents
Cash and cash equivalents comprises cash balances.

Creditors
Short term trade creditors are measured at the transaction price.

Provisions
Provisions are determined by discounting the expected future cash flows at a pre-tax rate that reflects current market assessments of the time value of money and the risks specific to the liability. The unwinding of the discount is recognised as finance cost.

R & W M HILL (HOLDINGS) LIMITED (REGISTERED NUMBER: SC040181)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the year ended 31 MARCH 2024

3. EMPLOYEES AND DIRECTORS

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

4. INVESTMENT PROPERTY
Total
£   
COST OR VALUATION
At 1 April 2023
and 31 March 2024 145,000
NET BOOK VALUE
At 31 March 2024 145,000
At 31 March 2023 145,000

Cost or valuation at 31 March 2024 is represented by:
£   
Valuation in 1993 58,018
Valuation in 2014 67,000
Cost 19,982
145,000

If investment properties had not been revalued they would have been included at the following historical cost:

2024 2023
£    £   
Cost 19,982 19,982

Investment Properties were valued on an open market basis on 24 September 2014 by Allied Scotland .

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Other debtors 9,195 9,195

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Taxation and social security 2,189 2,175
Other creditors 1,512 1,512
3,701 3,687

R & W M HILL (HOLDINGS) LIMITED (REGISTERED NUMBER: SC040181)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the year ended 31 MARCH 2024

7. RESERVES
Fair
value
reserve
£   
At 1 April 2023
and 31 March 2024 110,760