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COMPANY REGISTRATION NUMBER: 08570307
HILL PARK PROPERTY LTD
Filleted Unaudited Financial Statements
30 June 2024
HILL PARK PROPERTY LTD
Statement of Financial Position
30 June 2024
2024
2023
Note
£
£
£
Fixed assets
Tangible assets
4
377,439
384,561
Current assets
Debtors
5
10,246
1,246
Cash at bank and in hand
54,921
8,494
--------
-------
65,167
9,740
Creditors: amounts falling due within one year
6
291,725
230,858
---------
---------
Net current liabilities
226,558
221,118
---------
---------
Total assets less current liabilities
150,881
163,443
Creditors: amounts falling due after more than one year
7
69,033
101,008
---------
---------
Net assets
81,848
62,435
---------
---------
HILL PARK PROPERTY LTD
Statement of Financial Position (continued)
30 June 2024
2024
2023
Note
£
£
£
Capital and reserves
Called up share capital
60
60
Profit and loss account
81,788
62,375
--------
--------
Shareholders funds
81,848
62,435
--------
--------
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
In accordance with section 444 of the Companies Act 2006, the statement of income and retained earnings has not been delivered.
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.
Directors' responsibilities:
- The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476 ;
- The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .
These financial statements were approved by the board of directors and authorised for issue on 28 March 2025 , and are signed on behalf of the board by:
Mr R Vasavan
Director
Company registration number: 08570307
HILL PARK PROPERTY LTD
Notes to the Financial Statements
Year ended 30 June 2024
1. General information
The company is a private company limited by shares, registered in England and Wales. The address of the registered office is 28 Thorndon Gardens, Epsom, Surrey, KT19 0QW.
2. Statement of compliance
These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.
3. Accounting policies
Basis of preparation
The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.
The financial statements are prepared in sterling, which is the functional currency of the entity.
Revenue recognition
Turnover is measured at the fair value of the consideration received or receivable and represents amounts receivable for goods supplied and services rendered, stated net of discounts.
Tangible assets
Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses.
Depreciation
Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:
Building improvements
-
10% straight line
4. Tangible assets
Land and buildings
Building improvement
Total
£
£
£
Cost
At 1 July 2023 and 30 June 2024
341,827
71,222
413,049
---------
--------
---------
Depreciation
At 1 July 2023
28,488
28,488
Charge for the year
7,122
7,122
---------
--------
---------
At 30 June 2024
35,610
35,610
---------
--------
---------
Carrying amount
At 30 June 2024
341,827
35,612
377,439
---------
--------
---------
At 30 June 2023
341,827
42,734
384,561
---------
--------
---------
5. Debtors
2024
2023
£
£
Other debtors
10,246
1,246
--------
-------
6. Creditors: amounts falling due within one year
2024
2023
£
£
Bank loans and overdrafts
31,656
23,000
Corporation tax
6,224
4,890
Other creditors
253,845
202,968
---------
---------
291,725
230,858
---------
---------
Bank loan of £23,220 (2023 - £15,000) is secured by fixed and floating charges over the company's assets and negative pledge.
7. Creditors: amounts falling due after more than one year
2024
2023
£
£
Bank loans and overdrafts
69,033
101,008
--------
---------
Bank loan of £62,136 (2023 - £85,675) is secured by fixed and floating charges over the company's assets and negative pledge.