1 July 2023 false Taxfiler 2024.6 13458505business:PrivateLimitedCompanyLtd2023-07-012024-06-30 134585052023-06-30 134585052023-07-012024-06-30 13458505business:AuditExempt-NoAccountantsReport2023-07-012024-06-30 13458505business:FilletedAccounts2023-07-012024-06-30 134585052024-06-30 134585052023-06-30 13458505core:WithinOneYear2024-06-30 13458505core:WithinOneYear2023-06-30 13458505core:AfterOneYear2024-06-30 13458505core:AfterOneYear2023-06-30 13458505core:ShareCapitalcore:PreviouslyStatedAmount2024-06-30 13458505core:ShareCapitalcore:PreviouslyStatedAmount2023-06-30 13458505core:RetainedEarningsAccumulatedLossescore:PreviouslyStatedAmount2024-06-30 13458505core:RetainedEarningsAccumulatedLossescore:PreviouslyStatedAmount2023-06-30 13458505core:PreviouslyStatedAmount2024-06-30 13458505core:PreviouslyStatedAmount2023-06-30 13458505business:SmallEntities2023-07-012024-06-30 13458505business:Director12023-07-012024-06-30 13458505countries:EnglandWales2023-07-012024-06-30 13458505business:RegisteredOffice2023-07-012024-06-30 13458505core:AcceleratedTaxDepreciationDeferredTax2024-06-30 13458505core:AcceleratedTaxDepreciationDeferredTax2023-06-30 13458505core:RevaluationInvestmentPropertyDeferredTax2024-06-30 13458505core:RevaluationInvestmentPropertyDeferredTax2023-06-30 13458505core:TaxLossesCarry-forwardsDeferredTax2024-06-30 13458505core:TaxLossesCarry-forwardsDeferredTax2023-06-30 134585052022-07-012023-06-30 iso4217:GBP xbrli:pure
Hillcrest Property Solutions Investment Ltd Statement of financial position as at 30 June 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Investment property
200,000 
187,938 
Current assets
Debtors
641 
- 
Cash at bank and in hand
10,503 
386 
11,144 
386 
Creditors: amounts falling due within one year
(45,845)
(48,949)
Net current liabilities
(34,701)
(48,563)
Total assets less current liabilities
165,299 
139,375 
Creditors: amounts falling due after more than one year
(155,898)
(137,025)
Net assets
9,401 
2,350 
Capital and reserves
Called up share capital
100 
100 
Profit and loss account
9,301 
2,250 
Shareholders' funds
9,401 
2,350 
For the year ending 30 June 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small 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 his 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 19 December 2024 and were signed on its behalf by
Jaspal Bola Director Company Registration No. 13458505
- 1 -
Hillcrest Property Solutions Investment Ltd Notes to the Accounts for the year ended 30 June 2024
1
Statutory information
Hillcrest Property Solutions Investment Ltd is a private company, limited by shares, registered in England and Wales, registration number 13458505. The registered office is 255 Ipswich Road, , COLCHESTER, Essex, CO4 0EW, England.
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.
3
Accounting policies
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.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
4
Investment property
2024 
£ 
Fair value at 1 July 2023
187,938 
Net gain from fair value adjustments
12,062 
At 30 June 2024
200,000 
Based on the director's valuation.
5
Debtors
2024 
2023 
£ 
£ 
Amounts falling due after more than one year
Other debtors
641 
- 
6
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
Taxes and social security
- 
446 
Loans from directors
44,465 
47,183 
Accruals
1,380 
1,320 
45,845 
48,949 
7
Creditors: amounts falling due after more than one year
2024 
2023 
£ 
£ 
Bank loans
153,606 
137,025 
Accruals
2,292 
- 
155,898 
137,025 
- 2 -
Hillcrest Property Solutions Investment Ltd Notes to the Accounts for the year ended 30 June 2024
8
Deferred taxation
2024 
2023 
£ 
£ 
Accelerated capital allowances
1,654 
- 
Revaluation of investment property
(2,292)
- 
Tax losses carried forward
638 
- 
- 
- 
The company has provided for a deferred tax charge on the revaluation of the investment property and also, separately, reflected tax losses available for carry forward.
9
Loans to directors
At the year-end the director was owed £44,465 by the company.
10
Average number of employees
During the year the average number of employees was 0 (2023: 0).
- 3 -