BrightAccountsProduction v1.0.0 v1.0.0 2023-02-01 The company was not dormant during the period The company was trading for the entire period The principal actvity is the rental of holiday homes. 21 October 2024 1 1 NI653899 2024-01-31 NI653899 2023-01-31 NI653899 2022-01-31 NI653899 2023-02-01 2024-01-31 NI653899 2022-02-01 2023-01-31 NI653899 uk-bus:PrivateLimitedCompanyLtd 2023-02-01 2024-01-31 NI653899 uk-curr:PoundSterling 2023-02-01 2024-01-31 NI653899 uk-bus:SmallCompaniesRegimeForAccounts 2023-02-01 2024-01-31 NI653899 uk-bus:AbridgedAccounts 2023-02-01 2024-01-31 NI653899 uk-core:ShareCapital 2024-01-31 NI653899 uk-core:ShareCapital 2023-01-31 NI653899 uk-core:RetainedEarningsAccumulatedLosses 2024-01-31 NI653899 uk-core:RetainedEarningsAccumulatedLosses 2023-01-31 NI653899 uk-core:TotalEquityAttributableToOwnersParentBeforeNon-controllingInterests 2024-01-31 NI653899 uk-core:TotalEquityAttributableToOwnersParentBeforeNon-controllingInterests 2023-01-31 NI653899 uk-bus:FRS102 2023-02-01 2024-01-31 NI653899 uk-core:PlantMachinery 2023-02-01 2024-01-31 NI653899 uk-core:FurnitureFittingsToolsEquipment 2023-02-01 2024-01-31 NI653899 uk-bus:Audited 2023-02-01 2024-01-31 NI653899 uk-core:ParentEntities 2023-02-01 2024-01-31 NI653899 uk-countries:NorthernIreland 2023-02-01 2024-01-31 NI653899 uk-bus:Director1 2023-02-01 2024-01-31 NI653899 uk-bus:Director2 2023-02-01 2024-01-31 xbrli:pure iso4217:GBP xbrli:shares
 
 
 
 
 
 
 
 
 
 
 
Hillyard Hospitality Limited
 
Abridged Financial Statements
 
for the financial year ended 31 January 2024



Hillyard Hospitality Limited
Company Registration Number: NI653899
ABRIDGED BALANCE SHEET
as at 31 January 2024

2024 2023
Notes £ £
 
Fixed Assets
Tangible assets 5 32,485 33,435
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Current Assets
Debtors 2,611 2,309
Cash and cash equivalents 11,900 8,890
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14,511 11,199
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Creditors: amounts falling due within one year (24,526) (39,541)
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Net Current Liabilities (10,015) (28,342)
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Total Assets less Current Liabilities 22,470 5,093
 
Provisions for liabilities (6,172) (4,095)
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Net Assets 16,298 998
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Equity
Called up share capital 1,000 1,000
Retained earnings 15,298 (2)
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Equity attributable to owners of the company 16,298 998
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The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A (Small Entities).
           
All of the members have consented to the preparation of abridged accounts in accordance with section 444(2A) of the Companies Act 2006.
           
The company has taken advantage of the exemption under section 444 not to file the Abridged Profit and Loss Account and Directors' Report.
           
Approved by the Board and authorised for issue on 21 October 2024 and signed on its behalf by
           
           
________________________________     ________________________________
Seamus Devlin     Martin O'Higgins
Director     Director
           



Hillyard Hospitality Limited
NOTES TO THE ABRIDGED FINANCIAL STATEMENTS
for the financial year ended 31 January 2024

   
1. General Information
 
Hillyard Hospitality Limited is a private company limited by shares incorporated in Northern Ireland. The registered office of the company is , Northern Ireland which is also the principal place of business of the company. The company number is NI653899. These financial statements cover the individual entity Hillyard Hospitality Limited for the financial year end 31st January 2024. The financial statements have been presented in Pound Sterling (£) which is also the functional currency of the company.
         
2. Summary of Significant Accounting Policies
 
The following accounting policies have been applied consistently in dealing with items which are considered material in relation to the company's financial statements.
 
Statement of compliance
The financial statements of the company for the year ended 31 January 2024 have been prepared in accordance with the provisions of FRS 102 Section 1A (Small Entities) and the Companies Act 2006.
 
Basis of preparation
The financial statements have been prepared on the going concern basis and in accordance with the historical cost convention except for certain properties and financial instruments that are measured at revalued amounts or fair values, as explained in the accounting policies below. Historical cost is generally based on the fair value of the consideration given in exchange for assets.
 
Turnover
Turnover comprises the invoice value of services supplied by the company, exclusive of trade discounts and value added tax.
 
Tangible assets and depreciation
Tangible assets are stated at cost or at valuation, less accumulated depreciation. The charge to depreciation is calculated to write off the original cost or valuation of tangible assets, less their estimated residual value, over their expected useful lives as follows:
 
  Plant and machinery - 15% Straight line
  Fixtures, fittings and equipment - 10% Straight line
 
The carrying values of tangible fixed assets are reviewed annually for impairment in periods if events or changes in circumstances indicate the carrying value may not be recoverable.
 
Trade and other debtors
Trade and other debtors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest method less impairment losses for bad and doubtful debts except where the effect of discounting would be immaterial. In such cases the receivables are stated at cost less impairment losses for bad and doubtful debts.
 
Cash and cash equivalents
Cash and cash equivalents comprise cash at bank and in hand, demand deposits with banks and other short-term highly liquid investments with original maturities of three months or less and bank overdrafts. In the Abridged Balance Sheet bank overdrafts are shown within Creditors.
 
Provisions
Provisions are recognised when the company has a present legal or constructive obligation arising as a result of a past event, it is probable that an outflow of economic benefits will be required to settle the obligation and a reliable estimate can be made. Provisions are measured at the present value of the expenditures expected to be required to settle the obligation using a pre-tax rate that reflects current market assessments of the same value of money and the risks specific to the obligation. The increase in the provision due to passage of time is recognised as interest expense.
 
Trade and other creditors
Trade and other creditors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest rate method, unless the effect of discounting would be immaterial, in which case they are stated at cost.
 
Taxation and deferred taxation
Current tax represents the amount expected to be paid or recovered in respect of taxable profits for the financial year and is calculated using the tax rates and laws that have been enacted or substantially enacted at the Balance Sheet date.

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date where transactions or events have occurred at that date that will result in an obligation to pay more tax in the future, or a right to pay less tax in the future. Timing differences are temporary differences between the company's taxable profits and its results as stated in the financial statements. Deferred tax is measured on an undiscounted basis at the tax rates that are anticipated to apply in the periods in which the timing differences are expected to reverse, based on tax rates and laws that have been enacted or substantively enacted by the Balance Sheet date.
 
Pensions
The company operates a defined contribution pension scheme for employees. The assets of the scheme are held separately from those of the company. Annual contributions payable to the company's pension scheme are charged to the Profit and Loss Account in the period to which they relate.
 
Ordinary share capital
The ordinary share capital of the company is presented as equity.
   
3. INFORMATION RELATING TO THE AUDITOR'S REPORT
 
The Audit Report was unqualified. There were no matters to which the auditor was required to refer by way of emphasis.
 
The financial statements were audited by John MacMahon & Co.
The Auditor's Report was signed by John McGinn (Senior Statutory Auditor) for and on behalf of John MacMahon & Co on 21st October 2024.
 
       
4. Employees
 
  2024 2023
  Number Number
 
Employees 1 1
  ═════════ ═════════
         
5. Tangible assets
  Plant and Fixtures, Total
  machinery fittings and  
    equipment  
  £ £ £
Cost
At 1 February 2023 - 61,085 61,085
Additions 1,425 4,187 5,612
  ───────── ───────── ─────────
At 31 January 2024 1,425 65,272 66,697
  ───────── ───────── ─────────
Depreciation
At 1 February 2023 - 27,650 27,650
Charge for the financial year 160 6,402 6,562
  ───────── ───────── ─────────
At 31 January 2024 160 34,052 34,212
  ───────── ───────── ─────────
Net book value
At 31 January 2024 1,265 31,220 32,485
  ═════════ ═════════ ═════════
At 31 January 2023 - 33,435 33,435
  ═════════ ═════════ ═════════
   
6. Parent company
 
The company regards FPDG Ltd as its parent company. The companys ultimate parent undertaking is FPDG Ltd. The address of FPDG Ltd is 23 Main Street, Castlewellan, Co. Down BT31 9DF. FPDG Ltd is regarded as both the controlling party and the ultimate controlling party.
 
The parent of the largest group in which the results are consolidated is FPDG Ltd.
FPDG Ltd is registered in Northern Ireland.