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REGISTERED NUMBER: 01322918 (England and Wales)















FINANCIAL STATEMENTS FOR THE YEAR ENDED 5 APRIL 2024

FOR

HILLAWAYS (PROPERTY DEVELOPMENT) LIMITED

HILLAWAYS (PROPERTY DEVELOPMENT) LIMITED (REGISTERED NUMBER: 01322918)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 5 APRIL 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


HILLAWAYS (PROPERTY DEVELOPMENT) LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 5 APRIL 2024







DIRECTORS: W G Fielding
L Klimcke





REGISTERED OFFICE: 29a High Street
West Wickham
Kent
BR4 0LP





REGISTERED NUMBER: 01322918 (England and Wales)





ACCOUNTANTS: IGD Accounting Services Limited
29a High Street
West Wickham
Kent
BR4 0LP

HILLAWAYS (PROPERTY DEVELOPMENT) LIMITED (REGISTERED NUMBER: 01322918)

BALANCE SHEET
5 APRIL 2024

5.4.24 5.4.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 3 1,709,027 1,709,308

CURRENT ASSETS
Debtors 4 19,528 14,327
Cash at bank 12,061 -
31,589 14,327
CREDITORS
Amounts falling due within one year 5 28,226 18,683
NET CURRENT ASSETS/(LIABILITIES) 3,363 (4,356 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,712,390

1,704,952

CREDITORS
Amounts falling due after more than
one year

6

(317,852

)

(317,852

)

PROVISIONS FOR LIABILITIES 7 (211,480 ) (211,480 )
NET ASSETS 1,183,058 1,175,620

CAPITAL AND RESERVES
Called up share capital 90 90
Revaluation reserve 8 1,113,052 1,113,052
Retained earnings 69,916 62,478
1,183,058 1,175,620

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 5 April 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 5 April 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.

HILLAWAYS (PROPERTY DEVELOPMENT) LIMITED (REGISTERED NUMBER: 01322918)

BALANCE SHEET - continued
5 APRIL 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 3 January 2025 and were signed on its behalf by:




W G Fielding - Director



L Klimcke - Director


HILLAWAYS (PROPERTY DEVELOPMENT) LIMITED (REGISTERED NUMBER: 01322918)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 5 APRIL 2024

1. 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.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery etc - 10% on reducing balance

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.

2. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 3 (2023 - 3 ) .

HILLAWAYS (PROPERTY DEVELOPMENT) LIMITED (REGISTERED NUMBER: 01322918)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 5 APRIL 2024

3. TANGIBLE FIXED ASSETS
Plant and
Land and machinery
buildings etc Totals
£    £    £   
COST OR VALUATION
At 6 April 2023
and 5 April 2024 1,706,500 16,910 1,723,410
DEPRECIATION
At 6 April 2023 - 14,102 14,102
Charge for year - 281 281
At 5 April 2024 - 14,383 14,383
NET BOOK VALUE
At 5 April 2024 1,706,500 2,527 1,709,027
At 5 April 2023 1,706,500 2,808 1,709,308

Cost or valuation at 5 April 2024 is represented by:

Plant and
Land and machinery
buildings etc Totals
£    £    £   
Valuation in 2022 1,113,052 - 1,113,052
Cost 593,448 16,910 610,358
1,706,500 16,910 1,723,410

4. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
5.4.24 5.4.23
£    £   
Trade debtors 9,928 14,327
Other debtors 9,600 -
19,528 14,327

5. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
5.4.24 5.4.23
£    £   
Bank loans and overdrafts - 2,990
Trade creditors 1 -
Taxation and social security 1,434 4,250
Other creditors 26,791 11,443
28,226 18,683

6. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
5.4.24 5.4.23
£    £   
Bank loans 317,852 317,852

HILLAWAYS (PROPERTY DEVELOPMENT) LIMITED (REGISTERED NUMBER: 01322918)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 5 APRIL 2024

7. PROVISIONS FOR LIABILITIES
5.4.24 5.4.23
£    £   
Deferred tax 211,480 211,480

Deferred
tax
£   
Balance at 6 April 2023 211,480
Balance at 5 April 2024 211,480

8. RESERVES
Revaluation
reserve
£   
At 6 April 2023
and 5 April 2024 1,113,052