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REGISTERED NUMBER: 09417467 (England and Wales)








REPORT OF THE DIRECTOR AND

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 JUNE 2024

FOR

HILLCREST & LOUIS HOMES LIMITED

HILLCREST & LOUIS HOMES LIMITED (REGISTERED NUMBER: 09417467)






CONTENTS OF THE FINANCIAL STATEMENTS
for the Year Ended 30 June 2024




Page

Company Information 1

Report of the Director 2

Balance Sheet 3 to 4

Notes to the Financial Statements 5 to 8


HILLCREST & LOUIS HOMES LIMITED

COMPANY INFORMATION
for the Year Ended 30 June 2024







DIRECTOR: Mr M Richards



REGISTERED OFFICE: Britannic House
657 Liverpool Road
Irlam
Manchester
M44 5XD



REGISTERED NUMBER: 09417467 (England and Wales)



ACCOUNTANTS: Cadishead Accountancy Services Limited
Britannic House
657 Liverpool Road
Irlam
Manchester
Lancashire
M44 5XD



BANKERS: Lloyds TSB
45 Hustlergate
West Yorkshire
BD1 1NT



SOLICITORS: Milners Solicitors
2 Riverside Way
Leeds
Yorkshire
LS1 4EH

HILLCREST & LOUIS HOMES LIMITED (REGISTERED NUMBER: 09417467)

REPORT OF THE DIRECTOR
for the Year Ended 30 June 2024

The director presents his report with the financial statements of the company for the year ended 30 June 2024.

PRINCIPAL ACTIVITY
The principal activity of the company in the year under review was that of property development.

DIRECTOR
Mr M Richards held office during the whole of the period from 1 July 2023 to the date of this report.

His beneficial interest in the shares of the company, according to the register of directors' interests, was as follows:

30.6.24 1.7.23
Ordinary shares of £1.00 each 1 1

He did not hold any non-beneficial interests in the shares of the company.

POLITICAL DONATIONS AND EXPENDITURE
Included in donations are charitable donations of £9,999 (2023 - £6,150).

This report has been prepared in accordance with the provisions of Part 15 of the Companies Act 2006 relating to small companies.

ON BEHALF OF THE BOARD:





Mr M Richards - Director


21 March 2025

HILLCREST & LOUIS HOMES LIMITED (REGISTERED NUMBER: 09417467)

BALANCE SHEET
30 June 2024

30.6.24 30.6.23
Notes £    £   
FIXED ASSETS
Intangible assets 4 6 6
Tangible assets 5 512,906 74,399
Investments 6 314,184 10,000
827,096 84,405

CURRENT ASSETS
Debtors 7 4,147,154 3,037,566
Cash at bank 764,704 691,694
4,911,858 3,729,260
CREDITORS
Amounts falling due within one year 8 (512,429 ) (418,199 )
NET CURRENT ASSETS 4,399,429 3,311,061
TOTAL ASSETS LESS CURRENT
LIABILITIES

5,226,525

3,395,466

CREDITORS
Amounts falling due after more than one
year

9

(469,109

)

(98,181

)

PROVISIONS FOR LIABILITIES (127,669 ) (18,600 )
NET ASSETS 4,629,747 3,278,685

CAPITAL AND RESERVES
Called up share capital 1 1
Fair value reserve 10 (1,670 ) -
Retained earnings 4,631,416 3,278,684
SHAREHOLDERS' FUNDS 4,629,747 3,278,685

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 June 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 June 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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.

HILLCREST & LOUIS HOMES LIMITED (REGISTERED NUMBER: 09417467)

BALANCE SHEET - continued
30 June 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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the director and authorised for issue on 21 March 2025 and were signed by:





Mr M Richards - Director


HILLCREST & LOUIS HOMES LIMITED (REGISTERED NUMBER: 09417467)

NOTES TO THE FINANCIAL STATEMENTS
for the Year Ended 30 June 2024

1. STATUTORY INFORMATION

Hillcrest & Louis Homes Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2. 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.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Website is being amortised evenly over its estimated useful life of four years.

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 - 25% on reducing balance
Fixtures and fittings - 25% on reducing balance

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

HILLCREST & LOUIS HOMES LIMITED (REGISTERED NUMBER: 09417467)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 30 June 2024

2. ACCOUNTING POLICIES - continued

Investments
Listed investments in shares are included at market value. Unquoted investments are included at cost less any impairment.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 5 (2023 - 5 ) .

4. INTANGIBLE FIXED ASSETS
Website
£   
COST
At 1 July 2023
and 30 June 2024 3,000
AMORTISATION
At 1 July 2023
and 30 June 2024 2,994
NET BOOK VALUE
At 30 June 2024 6
At 30 June 2023 6

5. TANGIBLE FIXED ASSETS
Fixtures
Plant and and Motor
machinery fittings vehicles Totals
£    £    £    £   
COST
At 1 July 2023 2,816 412 118,000 121,228
Additions - - 475,700 475,700
At 30 June 2024 2,816 412 593,700 596,928
DEPRECIATION
At 1 July 2023 2,222 357 44,250 46,829
Charge for year 119 14 37,060 37,193
At 30 June 2024 2,341 371 81,310 84,022
NET BOOK VALUE
At 30 June 2024 475 41 512,390 512,906
At 30 June 2023 594 55 73,750 74,399

HILLCREST & LOUIS HOMES LIMITED (REGISTERED NUMBER: 09417467)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 30 June 2024

6. FIXED ASSET INVESTMENTS
Other
investments
£   
COST OR VALUATION
At 1 July 2023 10,000
Additions 306,411
Revaluations (2,227 )
At 30 June 2024 314,184
NET BOOK VALUE
At 30 June 2024 314,184
At 30 June 2023 10,000

Cost or valuation at 30 June 2024 is represented by:

Other
investments
£   
Valuation in 2024 (2,227 )
Cost 316,411
314,184

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.6.24 30.6.23
£    £   
Trade debtors 189,194 131,699
Other debtors 3,957,960 2,905,867
4,147,154 3,037,566

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.6.24 30.6.23
£    £   
Bank loans and overdrafts 10,000 10,000
Hire purchase contracts - 15,684
Trade creditors 84 -
Taxation and social security 488,208 379,742
Other creditors 14,137 12,773
512,429 418,199

9. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
30.6.24 30.6.23
£    £   
Bank loans 7,167 17,816
Hire purchase contracts 461,942 80,365
469,109 98,181

HILLCREST & LOUIS HOMES LIMITED (REGISTERED NUMBER: 09417467)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 30 June 2024

10. RESERVES
Fair
value
reserve
£   
Transfer fair value reserve (1,670 )

At 30 June 2024 (1,670 )

11. RELATED PARTY DISCLOSURES

Included in other debtors is a loan owing of £9,740 (2023 - £9,740) from LHC limited a company in which Mr M Richards is a shareholder.

Included in Other Debtors is £3,934,719 (2023 - £2,957,627) owing to MRZ Limited a company in which Mr M Richards is a shareholder.

12. ULTIMATE CONTROLLING PARTY

The controlling party is Mr M Richards.