Company Registration No. 13029079 (England and Wales)
HOLDING HILLS LTD
Unaudited accounts
for the year ended 30 November 2024
HOLDING HILLS LTD
Unaudited accounts
Contents
HOLDING HILLS LTD
Company Information
for the year ended 30 November 2024
Company Number
13029079 (England and Wales)
Registered Office
Silverstream House
4th Fl, 45 Fitzroy Street
London
W1T 6EB
United Kingdom
Accountants
Cadbury and Jones
Avicenna House
258-262 Romford Road
London
E7 9HZ
HOLDING HILLS LTD
Statement of financial position
as at 30 November 2024
Intangible assets
795,534
215,017
Creditors: amounts falling due within one year
(785,534)
(215,016)
Net current liabilities
(785,534)
(215,016)
Called up share capital
10,000
1
Shareholders' funds
10,000
1
For the year ending 30 November 2024 the company was entitled to exemption from audit under section 480 of the Companies Act 2006 relating to dormant companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges her responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered 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. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 29 January 2025 and were signed on its behalf by
L Hill
Director
Company Registration No. 13029079
HOLDING HILLS LTD
Notes to the Accounts
for the year ended 30 November 2024
HOLDING HILLS LTD is a private company, limited by shares, registered in England and Wales, registration number 13029079. The registered office is Silverstream House, 4th Fl, 45 Fitzroy Street, London, W1T 6EB, United Kingdom.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Intangible fixed assets (including purchased goodwill and patents) are included at cost less accumulated amortisation.
Development costs capitalised under SSAP 13 – Accounting for Research and Development are amortised on a straight-line basis over their estimated useful life of 10 years, commencing from the date the asset is available for use. The estimated useful life is determined based on the expected commercial viability and economic benefits derived from the developed asset.
The carrying value of intangible fixed assets is reviewed annually for impairment, and any necessary adjustments are made if the recoverable amount is lower than the carrying amount.
HOLDING HILLS LTD
Notes to the Accounts
for the year ended 30 November 2024
4
Intangible fixed assets
Other
At 1 December 2023
215,017
At 30 November 2024
795,534
At 30 November 2024
795,534
At 30 November 2023
215,017
During the financial year, the company incurred research and development expenditure amounting to £580,517 (2023: £215,017). In accordance with SSAP 13 – Accounting for Research and Development, this expenditure has been capitalised as an intangible fixed asset as it meets the recognition criteria for development costs.
The capitalised development costs are expected to generate future economic benefits for the company. These costs will be amortised over their estimated useful life of 10 years, subject to annual impairment reviews to ensure their carrying value remains appropriate.
Amortisation of these capitalised costs will commence once the asset is available for use.
5
Creditors: amounts falling due within one year
2024
2023
Loans from directors
785,534
215,016
6
Average number of employees
During the year the average number of employees was 0 (2023: 0).