Registered number
07060141
Hilton Manor Homes Limited
Filleted Accounts
31 March 2024
Hilton Manor Homes Limited
Registered number: 07060141
Balance Sheet
as at 31 March 2024
Notes 2024 2023
£ £
Fixed assets
Tangible assets 3 10,637 13,035
Investments 4 333 333
10,970 13,368
Current assets
Stocks 120,003 180,823
Debtors 5 1,760,459 1,766,383
Cash at bank and in hand 2,899 13,777
1,883,361 1,960,983
Creditors: amounts falling due within one year 6 (722,113) (802,667)
Net current assets 1,161,248 1,158,316
Total assets less current liabilities 1,172,218 1,171,684
Creditors: amounts falling due after more than one year 7 (1,019,055) (1,007,852)
Net assets 153,163 163,832
Capital and reserves
Called up share capital 200 200
Profit and loss account 152,963 163,632
Shareholders' funds 153,163 163,832
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.
LS Ghuman
Director
Approved by the board on 26 December 2024
Hilton Manor Homes Limited
Notes to the Accounts
for the year ended 31 March 2024
1 Accounting policies
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Freehold buildings over 50 years
Leasehold land and buildings over the lease term
Plant and machinery over 5 years
Fixtures, fittings, tools and equipment over 5 years
Investments
Investments in subsidiaries, associates and joint ventures are measured at cost less any accumulated impairment losses. Listed investments are measured at fair value. Unlisted investments are measured at fair value unless the value cannot be measured reliably, in which case they are measured at cost less any accumulated impairment losses. Changes in fair value are included in the profit and loss account.
Stocks
Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first in first out method. The carrying amount of stock sold is recognised as an expense in the period in which the related revenue is recognised.
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, 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 and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
Provisions
Provisions (ie liabilities of uncertain timing or amount) are recognised when there is an obligation at the reporting date as a result of a past event, it is probable that economic benefit will be transferred to settle the obligation and the amount of the obligation can be estimated reliably.
2 Employees 2024 2023
Number Number
Average number of persons employed by the company 2 2
3 Tangible fixed assets
Plant and machinery etc Motor vehicles Total
£ £ £
Cost
At 1 April 2023 17,300 22,315 39,615
At 31 March 2024 17,300 22,315 39,615
Depreciation
At 1 April 2023 16,569 10,011 26,580
Charge for the year 183 2,215 2,398
At 31 March 2024 16,752 12,226 28,978
Net book value
At 31 March 2024 548 10,089 10,637
At 31 March 2023 731 12,304 13,035
4 Investments
Other
investments
£
Cost
At 1 April 2023 333
At 31 March 2024 333
5 Debtors 2024 2023
£ £
Trade debtors 327,118 327,118
Amounts owed by group undertakings and undertakings in which the company has a participating interest 1,424,927 1,380,654
Other debtors 8,414 58,611
1,760,459 1,766,383
6 Creditors: amounts falling due within one year 2024 2023
£ £
Bank loans and overdrafts 24,398 20,035
Trade creditors 16,074 27,128
Amounts owed to group undertakings and undertakings in which the company has a participating interest 15,000 55,000
Taxation and social security costs 468 630
Directors' account 445,569 479,270
Other creditors 220,604 220,604
722,113 802,667
7 Creditors: amounts falling due after one year 2024 2023
£ £
Bank loans 13,973 22,770
Other creditors 1,005,082 985,082
1,019,055 1,007,852
8 Other information
Hilton Manor Homes Limited is a private company limited by shares and incorporated in England. Its registered office is:
194 Erith Road
Bexleyheath
Kent
DA7 6HT
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