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Company Registration No. 10536161 (England and Wales)
Hillersdon Investments Ltd Unaudited accounts for the year ended 31 December 2022
Hillersdon Investments Ltd Unaudited accounts Contents
Page
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Hillersdon Investments Ltd Company Information for the year ended 31 December 2022
Director
M T Ward
Company Number
10536161 (England and Wales)
Registered Office
Albany House Claremont Lane Esher Surrey KT10 9FQ
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Hillersdon Investments Ltd Statement of financial position as at 31 December 2022
2022 
2021 
Notes
£ 
£ 
Fixed assets
Investments
53,847 
53,846 
Current assets
Debtors
8,634,254 
5,089,629 
Investments
8,008,843 
8,870,632 
Cash at bank and in hand
8,477,512 
8,641,838 
25,120,609 
22,602,099 
Creditors: amounts falling due within one year
(2,467,446)
(2,822,842)
Net current assets
22,653,163 
19,779,257 
Total assets less current liabilities
22,707,010 
19,833,103 
Provisions for liabilities
Deferred tax
- 
(106,116)
Net assets
22,707,010 
19,726,987 
Capital and reserves
Called up share capital
1,000 
1,000 
Profit and loss account
22,706,010 
19,725,987 
Shareholders' funds
22,707,010 
19,726,987 
For the year ending 31 December 2022 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 2 February 2024 and were signed on its behalf by
M T Ward Director Company Registration No. 10536161
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Hillersdon Investments Ltd Notes to the Accounts for the year ended 31 December 2022
1
Statutory information
Hillersdon Investments Ltd is a private company, limited by shares, registered in England and Wales, registration number 10536161. The registered office is Albany House, Claremont Lane, Esher, Surrey, KT10 9FQ.
2
Compliance with accounting standards
The financial statements have been prepared using FRS102, the financial reporting standard applicable in the UK and Republic of Ireland, including the disclosure and presentation requirements of Section 1A, applicable to small companies. 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 financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with Section 1A of Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland, and the Companies Act 2006.
Presentation currency
The accounts are presented in £ sterling.
Turnover
Turnover is recognised to the extent that it is probable that the economic benefits will flow to the Company and the turnover can be reliably measured. Turnover is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value-added tax, and other sales taxes.
Interest income
Interest income is recognised in profit or loss using the effective interest method.
Taxation
Tax is recognised in profit or loss except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively. The current income tax charge is calculated based on tax rates and laws that have been enacted or substantively enacted by the balance sheet date in the countries where the Company operates and generates income.
Foreign exchange
Monetary assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rates of exchange ruling at the date of the transaction. Exchange differences are taken into account in arriving at the operating profit.
Investments
Investments in unlisted company shares are measured at cost less accumulated impairment. Investments in listed company shares are remeasured to market value at each balance sheet date. Gains and losses on remeasurement are recognised in the statement of income and retained earnings for the period.
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Hillersdon Investments Ltd Notes to the Accounts for the year ended 31 December 2022
Debtors
Short term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.
Cash and cash equivalents
Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.
Creditors
Short term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.
Financial instruments
The Company only enters into basic financial instrument transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors, loans from banks and other third parties, loans to related parties and investments in ordinary shares. Financial assets that are measured at cost and amortised cost are assessed at the end of each reporting period for objective evidence of impairment. If objective evidence of impairment is found, an impairment loss is recognised in the statement of income and retained earnings.
4
Investments
Subsidiary undertakings 
Other investments 
Total 
£ 
£ 
£ 
Valuation at 1 January 2022
1 
53,845 
53,846 
Additions
- 
1 
1 
Valuation at 31 December 2022
1 
53,846 
53,847 
5
Debtors
2022 
2021 
£ 
£ 
Amounts falling due within one year
Trade debtors
26,864 
26,864 
Amounts due from group undertakings etc.
96,981 
96,093 
Accrued income and prepayments
1,116,667 
- 
Other debtors
7,393,742 
4,966,672 
8,634,254 
5,089,629 
6
Investments held as current assets
2022 
2021 
£ 
£ 
Listed investments
8,008,843 
8,870,632 
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Hillersdon Investments Ltd Notes to the Accounts for the year ended 31 December 2022
7
Creditors: amounts falling due within one year
2022 
2021 
£ 
£ 
Trade creditors
1,093 
620 
Taxes and social security
274,199 
103,900 
Other creditors
1,738,499 
1,825,499 
Loans from directors
453,655 
892,823 
2,467,446 
2,822,842 
The Company has a loan facility with its bankers, which was not utilised at the balance sheet date. The facility is secured by a charge over the Company's listed investments.
8
Share capital
2022 
2021 
£ 
£ 
Allotted, called up and fully paid:
400 Ordinary A shares of £1 each
400 
400 
400 Ordinary B shares of £1 each
400 
400 
50 Ordinary C shares of £1 each
50 
50 
50 Ordinary D shares of £1 each
50 
50 
50 Ordinary E shares of £1 each
50 
50 
50 Ordinary F shares of £1 each
50 
50 
1,000 
1,000 
9
Transactions with related parties
During the year the Company advanced loans to companies with common directorships. At the balance sheet date, these amounts were outstanding and included within other debtors. At the balance sheet date, a loan with the Director remained outstanding. This balance is included in Directors' loans. All balances with related parties are unsecured, interest-free and repayable on demand.
10
Average number of employees
During the year the average number of employees was 0 (2021: 0).
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