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REGISTERED NUMBER: 01857911 (England and Wales)















FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 JUNE 2024

FOR

HILLCREST GARAGES (SOWERBY BRIDGE)
LIMITED

HILLCREST GARAGES (SOWERBY BRIDGE)
LIMITED (REGISTERED NUMBER: 01857911)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


HILLCREST GARAGES (SOWERBY BRIDGE)
LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 30 JUNE 2024







DIRECTORS: Brian Colin Roper
Barbara Ann Roper
Benjamin Linden Roper
Scott Brian Roper





REGISTERED OFFICE: Walter Dawson & Son
1 Valley Court
Bradford
BD1 4SP





REGISTERED NUMBER: 01857911 (England and Wales)





ACCOUNTANTS: Walter Dawson & Son
Chartered Accountants
1 Valley Court
Canal Road
Bradford
West Yorkshire
BD1 4SP

HILLCREST GARAGES (SOWERBY BRIDGE)
LIMITED (REGISTERED NUMBER: 01857911)

BALANCE SHEET
30 JUNE 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 182,715 164,774
Investment property 5 9,750,083 10,058,360
9,932,798 10,223,134

CURRENT ASSETS
Stocks 1,800 25,933
Debtors 6 1,194,156 800,318
Cash at bank and in hand 441,093 497,861
1,637,049 1,324,112
CREDITORS
Amounts falling due within one year 7 2,372,941 2,381,681
NET CURRENT LIABILITIES (735,892 ) (1,057,569 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

9,196,906

9,165,565

PROVISIONS FOR LIABILITIES 480,261 361,341
NET ASSETS 8,716,645 8,804,224

CAPITAL AND RESERVES
Called up share capital 2,000 2,000
Revaluation reserve 1,253,720 1,253,720
Profit and loss account 7,460,925 7,548,504
8,716,645 8,804,224

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 directors acknowledge their 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 GARAGES (SOWERBY BRIDGE)
LIMITED (REGISTERED NUMBER: 01857911)

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 Profit and Loss Account has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 13 March 2025 and were signed on its behalf by:




Brian Colin Roper - Director



Barbara Ann Roper - Director


HILLCREST GARAGES (SOWERBY BRIDGE)
LIMITED (REGISTERED NUMBER: 01857911)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2024

1. STATUTORY INFORMATION

Hillcrest Garages (Sowerby Bridge) 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 the provisions of Section 1A "Small Entities" of Financial
Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006. The financial statements have been prepared under the most recent valuation.

TANGIBLE FIXED ASSETS
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Short leasehold - 10% on cost
Plant and machinery - 20% on reducing balance and 15% on reducing balance
Fixtures and fittings - 20% on reducing balance
Motor vehicles - 25% on reducing balance

INVESTMENT PROPERTY
Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

STOCKS
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

TAXATION
Taxation for the year comprises current and deferred tax. Tax is recognised in the Profit and Loss Account, 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.

HILLCREST GARAGES (SOWERBY BRIDGE)
LIMITED (REGISTERED NUMBER: 01857911)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 JUNE 2024

2. ACCOUNTING POLICIES - continued

INCOME RECOGNITION
Revenue is recognised to the extent that is probable that the economic benefits will flow to the company and revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before revenue is recognised.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 4 (2023 - 4 ) .

4. TANGIBLE FIXED ASSETS
Fixtures
Short Plant and and Motor
leasehold machinery fittings vehicles Totals
£    £    £    £    £   
COST
At 1 July 2023 411,108 270,896 5,535 136,232 823,771
Additions - 4,388 - 69,658 74,046
Disposals - - - (30,200 ) (30,200 )
At 30 June 2024 411,108 275,284 5,535 175,690 867,617
DEPRECIATION
At 1 July 2023 304,426 257,462 3,268 93,841 658,997
Charge for year 17,448 3,026 453 25,623 46,550
Eliminated on disposal - - - (20,645 ) (20,645 )
At 30 June 2024 321,874 260,488 3,721 98,819 684,902
NET BOOK VALUE
At 30 June 2024 89,234 14,796 1,814 76,871 182,715
At 30 June 2023 106,682 13,434 2,267 42,391 164,774

5. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 July 2023 10,058,360
Disposals (308,277 )
At 30 June 2024 9,750,083
NET BOOK VALUE
At 30 June 2024 9,750,083
At 30 June 2023 10,058,360

HILLCREST GARAGES (SOWERBY BRIDGE)
LIMITED (REGISTERED NUMBER: 01857911)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 JUNE 2024

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 112,339 90,184
Amounts owed by related party 717,615 692,126
Other debtors 364,202 18,008
1,194,156 800,318

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts - 150,000
Trade creditors 226,793 200,927
Amounts owed to associates 518,673 549,079
Taxation and social security 214,652 266,546
Other creditors 1,412,823 1,215,129
2,372,941 2,381,681

8. RELATED PARTY DISCLOSURES

Included in debtors due within one year was an interest free loan of £717,615 (2023: £692,126) due from companies in which the directors have an interest.

Included in creditors due within one year was an interest free loan of £518,673 (2023: £549,079) due to a company in which the directors have an interest.