Caseware UK (AP4) 2023.0.135 2023.0.135 2023-09-302023-09-30128falsetrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.2023-04-01No description of principal activity135falsefalse 03027338 2023-04-01 2023-09-30 03027338 2022-04-01 2023-03-31 03027338 2023-09-30 03027338 2023-03-31 03027338 c:Director1 2023-04-01 2023-09-30 03027338 d:Buildings 2023-04-01 2023-09-30 03027338 d:Buildings 2023-09-30 03027338 d:Buildings 2023-03-31 03027338 d:Buildings d:OwnedOrFreeholdAssets 2023-04-01 2023-09-30 03027338 d:Buildings d:LeasedAssetsHeldAsLessee 2023-04-01 2023-09-30 03027338 d:PlantMachinery 2023-04-01 2023-09-30 03027338 d:PlantMachinery 2023-09-30 03027338 d:PlantMachinery 2023-03-31 03027338 d:PlantMachinery d:OwnedOrFreeholdAssets 2023-04-01 2023-09-30 03027338 d:PlantMachinery d:LeasedAssetsHeldAsLessee 2023-04-01 2023-09-30 03027338 d:MotorVehicles 2023-04-01 2023-09-30 03027338 d:MotorVehicles 2023-09-30 03027338 d:MotorVehicles 2023-03-31 03027338 d:MotorVehicles d:OwnedOrFreeholdAssets 2023-04-01 2023-09-30 03027338 d:MotorVehicles d:LeasedAssetsHeldAsLessee 2023-04-01 2023-09-30 03027338 d:OwnedOrFreeholdAssets 2023-04-01 2023-09-30 03027338 d:LeasedAssetsHeldAsLessee 2023-04-01 2023-09-30 03027338 d:CurrentFinancialInstruments 2023-09-30 03027338 d:CurrentFinancialInstruments 2023-03-31 03027338 d:Non-currentFinancialInstruments 2023-09-30 03027338 d:Non-currentFinancialInstruments 2023-03-31 03027338 d:CurrentFinancialInstruments d:WithinOneYear 2023-09-30 03027338 d:CurrentFinancialInstruments d:WithinOneYear 2023-03-31 03027338 d:Non-currentFinancialInstruments d:AfterOneYear 2023-09-30 03027338 d:Non-currentFinancialInstruments d:AfterOneYear 2023-03-31 03027338 d:Non-currentFinancialInstruments d:BetweenTwoFiveYears 2023-09-30 03027338 d:Non-currentFinancialInstruments d:BetweenTwoFiveYears 2023-03-31 03027338 d:Non-currentFinancialInstruments d:MoreThanFiveYears 2023-09-30 03027338 d:Non-currentFinancialInstruments d:MoreThanFiveYears 2023-03-31 03027338 d:ShareCapital 2023-09-30 03027338 d:ShareCapital 2023-03-31 03027338 d:RetainedEarningsAccumulatedLosses 2023-09-30 03027338 d:RetainedEarningsAccumulatedLosses 2023-03-31 03027338 c:FRS102 2023-04-01 2023-09-30 03027338 c:AuditExempt-NoAccountantsReport 2023-04-01 2023-09-30 03027338 c:FullAccounts 2023-04-01 2023-09-30 03027338 c:PrivateLimitedCompanyLtd 2023-04-01 2023-09-30 03027338 2 2023-04-01 2023-09-30 03027338 d:PlantMachinery d:LeasedAssetsHeldAsLessee 2023-09-30 03027338 d:PlantMachinery d:LeasedAssetsHeldAsLessee 2023-03-31 03027338 d:MotorVehicles d:LeasedAssetsHeldAsLessee 2023-09-30 03027338 d:MotorVehicles d:LeasedAssetsHeldAsLessee 2023-03-31 03027338 d:LeasedAssetsHeldAsLessee 2023-09-30 03027338 d:LeasedAssetsHeldAsLessee 2023-03-31 03027338 e:PoundSterling 2023-04-01 2023-09-30 iso4217:GBP xbrli:pure
Registered number: 03027338









HILLSIDE ANIMAL SANCTUARY LIMITED

UNAUDITED

FINANCIAL STATEMENTS
INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE PERIOD ENDED 30 SEPTEMBER 2023

 
HILLSIDE ANIMAL SANCTUARY LIMITED
REGISTERED NUMBER: 03027338

BALANCE SHEET
AS AT 30 SEPTEMBER 2023

30 September
31 March
2023
2023
Note
£
£

Fixed assets
  

Tangible assets
 4 
4,307,677
4,320,848

Current assets
  

Stocks
  
149,893
96,361

Debtors: amounts falling due within one year
 5 
341,698
266,815

Cash at bank and in hand
  
109,687
392,344

  
601,278
755,520

Creditors: amounts falling due within one year
 6 
(1,861,260)
(2,248,503)

Net current liabilities
  
 
 
(1,259,982)
 
 
(1,492,983)

Total assets less current liabilities
  
3,047,695
2,827,865

Creditors: amounts falling due after more than one year
 7 
(1,090,587)
(1,114,534)

  

Net assets
  
1,957,108
1,713,331


Capital and reserves
  

Called up share capital 
  
2
2

Profit and loss account
  
1,957,106
1,713,329

  
1,957,108
1,713,331


Page 1

 
HILLSIDE ANIMAL SANCTUARY LIMITED
REGISTERED NUMBER: 03027338

BALANCE SHEET (CONTINUED)
AS AT 30 SEPTEMBER 2023

The directors consider that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the period in question in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The financial statements have been prepared 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 financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The Company has opted not to file the profit and loss account in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf on 24 March 2025.




W Valentine
Director

The notes on pages 3 to 8 form part of these financial statements.

Page 2

 
HILLSIDE ANIMAL SANCTUARY LIMITED
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 30 SEPTEMBER 2023

1.


General information

Hillside Animal Sanctuary Limited is a private company, limited by shares, domiciled in England and Wales, registration number 03027338.  The registered office is Hillside Hall Lane, Frettenham, Norwich, Norfolk, NR12 7LT.

2.Accounting policies

 
2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with FRS 102 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland' and the requirements of the Companies Act 2006. The disclosure requirements of Section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The following principal accounting policies have been applied:

 
2.2

Going concern

As at 30 September 2023 the company had net current liabilities of £1,259,982.
The company relies on donations and legacies from it's supporters to meet it's day to day cash flow requirements. When these donations and legacies are not adequate for current cash needs the company relies on borrowings from supporters or extended credit terms from suppliers. It is the director's belief that the current level of borrowings from supporters will not be requested for repayment until the company has sufficient funds to pay and while the company remains under the control of Wendy Valentine. The amounts due to suppliers are repaid as funds allow.
The directors have considered a period of no less than 12 months from the balance sheet date and have concluded that the company will receive sufficient funds from future legacies and donations to continue for the foreseeable future. The company has experienced cash flow difficulties in the past and has always been able to raise additional funds through appeals and other fundraising efforts. The directors recognise that this relies on the ongoing goodwill of its supporters.
Based on the above, the directors consider it appropriate to prepare the financial statements on the going concern basis. The financial statements do not include any adjustments that would result from a withdrawal of borrowings from supporters or extended credit terms from suppliers.

 
2.3

Revenue

Revenue is recognised to the extent that it is probable that the economic benefits will flow to the Company and the 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:

Donations and legacies are recognised in full in the profit and loss account when the company's entitlement is established and the amount receivable can be reliably quantified.
Income from trading activities includes mail order and rental income.  Income is received in exchange for services in order to raise funds and is recognised when the services have been provided.

Page 3

 
HILLSIDE ANIMAL SANCTUARY LIMITED
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 30 SEPTEMBER 2023

2.Accounting policies (continued)

 
2.4

Operating leases: the Company as lessee

Rentals paid under operating leases are charged to profit or loss on a straight-line basis over the lease term.

Benefits received and receivable as an incentive to sign an operating lease are recognised on a straight-line basis over the lease term, unless another systematic basis is representative of the time pattern of the lessee's benefit from the use of the leased asset.

 
2.5

Interest income

Interest income is recognised in profit or loss using the effective interest method.

 
2.6

Finance costs

Finance costs are charged to profit or loss over the term of the debt using the effective interest method so that the amount charged is at a constant rate on the carrying amount. Issue costs are initially recognised as a reduction in the proceeds of the associated capital instrument.

 
2.7

Borrowing costs

All borrowing costs are recognised in profit or loss in the period in which they are incurred.

 
2.8

Pensions

Defined contribution pension plan

The Company operates a defined contribution plan for its employees. A defined contribution plan is a pension plan under which the Company pays fixed contributions into a separate entity. Once the contributions have been paid the Company has no further payment obligations.

The contributions are recognised as an expense in profit or loss when they fall due. Amounts not paid are shown in accruals as a liability in the Balance Sheet. The assets of the plan are held separately from the Company in independently administered funds.

 
2.9

Tangible fixed assets

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

Page 4

 
HILLSIDE ANIMAL SANCTUARY LIMITED
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 30 SEPTEMBER 2023

2.Accounting policies (continued)


2.9
Tangible fixed assets (continued)

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, depreciation is provided on the following basis:.


Freehold land
-
No depreciation
Plant and machinery
-
10 - 20% reducing balance
Motor vehicles
-
25% reducing balance

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.

 
2.10

Stocks

Stocks are stated at the lower of cost and net realisable value, being the estimated selling price less costs to complete and sell.  The cost is on a first in first out basis.
At each balance sheet date, stocks are assessed for impairment. If stock is impaired, the carrying amount is reduced to its selling price less costs to complete and sell. The impairment loss is recognised immediately in profit or loss.

 
2.11

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.

 
2.12

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. 

 
2.13

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.


3.


Employees

The average monthly number of employees, including directors, during the period was 135 (2023 - 128).

Page 5

 
HILLSIDE ANIMAL SANCTUARY LIMITED
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 30 SEPTEMBER 2023

4.


Tangible fixed assets







Freehold property
Plant and machinery
Motor vehicles
Total

£
£
£
£



Cost or valuation


At 1 April 2023
3,837,734
961,749
131,074
4,930,557


Additions
34,245
23,702
9,500
67,447


Disposals
-
(60,500)
-
(60,500)



At 30 September 2023

3,871,979
924,951
140,574
4,937,504



Depreciation


At 1 April 2023
30,625
477,818
101,266
609,709


Charge for the period on owned assets
16,096
22,934
4,729
43,759


Charge for the period on financed assets
-
700
434
1,134


Disposals
-
(24,775)
-
(24,775)



At 30 September 2023

46,721
476,677
106,429
629,827



Net book value



At 30 September 2023
3,825,258
448,274
34,145
4,307,677



At 31 March 2023
3,807,109
483,931
29,808
4,320,848

The net book value of assets held under finance leases or hire purchase contracts, included above, are as follows:


30 September
31 March
2023
2023
£
£



Plant and machinery
13,304
166,350

Motor vehicles
3,043
3,478

16,347
169,828

Page 6

 
HILLSIDE ANIMAL SANCTUARY LIMITED
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 30 SEPTEMBER 2023

5.


Debtors

30 September
31 March
2023
2023
£
£


Other debtors
218,738
65,341

Prepayments and accrued income
122,960
201,474

341,698
266,815


Contingent assets
Notified legacies are recognised as accrued income when their value is known with a degree of certainty.  Where legacies have been notified as at the year end, but their value remains uncertain they are treated as contingent assets.  At the balance sheet date contingent legacy assets are estimated to be £3,348,000 (March 2023 - £1,300,000).


6.


Creditors: Amounts falling due within one year

30 September
31 March
2023
2023
£
£

Bank loans
51,546
56,632

Other loans
125,665
246,936

Trade creditors
909,511
1,105,919

Other taxation and social security
71,715
56,733

Obligations under finance lease and hire purchase contracts
3,686
31,428

Other creditors
573,513
580,936

Accruals and deferred income
125,624
169,919

1,861,260
2,248,503



7.


Creditors: Amounts falling due after more than one year

30 September
31 March
2023
2023
£
£

Bank loans
1,083,229
1,105,452

Net obligations under finance leases and hire purchase contracts
7,358
9,082

1,090,587
1,114,534




Page 7

 
HILLSIDE ANIMAL SANCTUARY LIMITED
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 30 SEPTEMBER 2023

8.


Loans


Analysis of the maturity of loans is given below:


30 September
31 March
2023
2023
£
£

Amounts falling due within one year

Bank loans
51,546
56,632

Other loans
125,665
246,936

177,211
303,568


Amounts falling due 2-5 years

Bank loans
262,544
259,821

Amounts falling due after more than 5 years

Bank loans
820,685
845,631

1,260,440
1,409,020


Secured loans
Creditors amounting to £1,205,818 (March 2023 - £1,262,594) were secured over the assets of the company.


9.


Pension commitments

The Company operates a defined contributions pension scheme. The assets of the scheme are held separately from those of the Company  in an independently administered fund. The pension cost charge represents contributions payable by the Company  to the fund and amounted to £22,551 (March 2023- £37,819) Contributions totalling £12,247 (March 2023 - £10,018) were payable to the fund at the balance sheet date and are included in creditors.


10.


Related party transactions

Included in other creditors is a loan due to a director.
At 1 April 2023 the amount due was £570,916, during the period personal expenses and repayments  were paid totalling £12,277, funds were introduced of £1,103, leaving a balance owed to a director at the period end of £559,742.
Rent was charged and paid totalling £18,375.
The security in place to support the lending for the purchase of the West Runton property includes a charge over the personal assets of a director.
The West Runton property is held in joint names of the company and a director at the Land Registry, however this merely reflects the borrowing position noted above.  The company has sole use of the property and the directors are satisfied that the full purchase cost has been correctly classified as a fixed asset.

Page 8

 
HILLSIDE ANIMAL SANCTUARY LIMITED