2 2 Hill & Sons (Botley & Denmead) Ltd 00403721 false 2023-07-01 2024-06-30 2024-06-30 The principal activity of the company is that of property management. Digita Accounts Production Advanced 6.30.9574.0 true 00403721 2023-07-01 2024-06-30 00403721 2024-06-30 00403721 core:CurrentFinancialInstruments 2024-06-30 00403721 core:CurrentFinancialInstruments core:WithinOneYear 2024-06-30 00403721 core:OfficeEquipment 2024-06-30 00403721 core:PlantMachinery 2024-06-30 00403721 bus:SmallEntities 2023-07-01 2024-06-30 00403721 bus:AuditExemptWithAccountantsReport 2023-07-01 2024-06-30 00403721 bus:FilletedAccounts 2023-07-01 2024-06-30 00403721 bus:SmallCompaniesRegimeForAccounts 2023-07-01 2024-06-30 00403721 bus:RegisteredOffice 2023-07-01 2024-06-30 00403721 bus:CompanySecretaryDirector1 2023-07-01 2024-06-30 00403721 bus:PrivateLimitedCompanyLtd 2023-07-01 2024-06-30 00403721 core:ComputerEquipment 2023-07-01 2024-06-30 00403721 core:OfficeEquipment 2023-07-01 2024-06-30 00403721 core:PlantMachinery 2023-07-01 2024-06-30 00403721 countries:EnglandWales 2023-07-01 2024-06-30 00403721 2023-06-30 00403721 core:OfficeEquipment 2023-06-30 00403721 core:PlantMachinery 2023-06-30 00403721 2022-07-01 2023-06-30 00403721 2023-06-30 00403721 core:CurrentFinancialInstruments 2023-06-30 00403721 core:CurrentFinancialInstruments core:WithinOneYear 2023-06-30 00403721 core:OfficeEquipment 2023-06-30 00403721 core:PlantMachinery 2023-06-30 xbrli:pure iso4217:GBP

Registration number: 00403721

Hill & Sons (Botley & Denmead) Ltd

Unaudited Filleted Financial Statements

for the Year Ended 30 June 2024

 

Hill & Sons (Botley & Denmead) Ltd

Contents

Statement of Financial Position

1 to 2

Notes to the Unaudited Financial Statements

3 to 7

 

Hill & Sons (Botley & Denmead) Ltd

(Registration number: 00403721)
Statement of Financial Position as at 30 June 2024

Note

2024
£

2023
£

Fixed assets

 

Tangible assets

4

37,633

40,552

Investment property

5

2,621,262

2,621,262

 

2,658,895

2,661,814

Current assets

 

Debtors

6

19,161

19,800

Cash at bank and in hand

 

216

6,479

 

19,377

26,279

Creditors: Amounts falling due within one year

7

(226,510)

(195,753)

Net current liabilities

 

(207,133)

(169,474)

Total assets less current liabilities

 

2,451,762

2,492,340

Provisions for liabilities

(9,408)

(7,457)

Net assets

 

2,442,354

2,484,883

Capital and reserves

 

Called up share capital

12,132

12,132

Capital redemption reserve

7,168

7,168

Revaluation reserve

616,791

616,791

Profit and loss account

1,806,263

1,848,792

Shareholders' funds

 

2,442,354

2,484,883

For the financial 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 accounts for the year in question in accordance with section 476; and

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the directors have not delivered to the registrar a copy of the Statement of Comprehensive Income.

Approved and authorised by the Board on 28 March 2025 and signed on its behalf by:
 

 

Hill & Sons (Botley & Denmead) Ltd

(Registration number: 00403721)
Statement of Financial Position as at 30 June 2024 (continued)


Mrs S A Hill
Company secretary and director

 

Hill & Sons (Botley & Denmead) Ltd

Notes to the Unaudited Financial Statements for the Year Ended 30 June 2024

1

General information

The company is a private company limited by share capital, incorporated in England and Wales.

The address of its registered office is:
Hillsons Road
Bottings Industrial Estate
Curdridge
Southampton
Hampshire
SO30 2GE

Principal activity

The principal activity of the company is that of property management.

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

The financial statements are prepared in sterling which is the functional currency of the entity.

 

Hill & Sons (Botley & Denmead) Ltd

Notes to the Unaudited Financial Statements for the Year Ended 30 June 2024 (continued)

2

Accounting policies (continued)

Judgements and key sources of estimation uncertainty

The preparation of the financial statements requires management to make judgements, estimates and assumptions that affect the amounts reported. These estimates and judgements are continually reviewed and are based on experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances.

Accounting estimates and assumptions are made concerning the future and, by their nature, will rarely equal the related actual outcome.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of value added tax, returns, rebates and discounts.

The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

Tax

The tax expense for the period comprises current and deferred tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

Deferred tax is recognised in respect of all timing differences between taxable profits and profits reported in the financial statements.

Unrelieved tax losses and other deferred tax assets are recognised when it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference.

Tangible assets

Tangible assets are stated in the statement of financial position at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class

Depreciation method and rate

Plant and machinery

20% reducing balance

Computer equipment

33% straight line

 

Hill & Sons (Botley & Denmead) Ltd

Notes to the Unaudited Financial Statements for the Year Ended 30 June 2024 (continued)

2

Accounting policies (continued)

Impairment

A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date.

Investment property

Investment property is carried at fair value, derived from the current market prices for comparable real estate determined annually by external valuers. The valuers use observable market prices, adjusted if necessary for any difference in the nature, location or condition of the specific asset. Changes in fair value are recognised in profit or loss.

Cash and cash equivalents

Cash and cash equivalents comprise cash at bank and in hand, demand deposits with banks, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value. In the statement of financial position, bank overdrafts are shown within borrowing or current liabilities

Financial instruments

Recognition and measurement
A financial asset or a financial liability is recognised only when the company becomes party to the contractual provisions of the instrument.

Basic financial instruments are initially recognised at the transaction price, unless the arrangement constitutes a financing transaction, where it is recognised at the present value of the future payments discounted at a market rate of interest for a similar debt instrument.

3

Staff numbers

The average number of persons employed by the company (including directors) during the year, was 2 (2023 - 2).

 

Hill & Sons (Botley & Denmead) Ltd

Notes to the Unaudited Financial Statements for the Year Ended 30 June 2024 (continued)

4

Tangible assets

Plant and machinery
£

Office equipment
£

Total
£

Cost or valuation

At 1 July 2023

69,633

558

70,191

Additions

8,380

-

8,380

At 30 June 2024

78,013

558

78,571

Depreciation

At 1 July 2023

29,081

558

29,639

Charge for the year

11,299

-

11,299

At 30 June 2024

40,380

558

40,938

Carrying amount

At 30 June 2024

37,633

-

37,633

At 30 June 2023

40,552

-

40,552

5

Investment properties

2024
£

At 1 July

2,621,262

At 30 June

2,621,262

There has been no valuation of investment property by an independent valuer.

6

Debtors

2024
£

2023
£

Trade debtors

970

2,435

Other debtors

81

2,532

Accrued income

18,110

14,833

19,161

19,800

 

Hill & Sons (Botley & Denmead) Ltd

Notes to the Unaudited Financial Statements for the Year Ended 30 June 2024 (continued)

7

Creditors

Creditors: amounts falling due within one year

2024
£

2023
£

Due within one year

Trade creditors

2,204

3,688

Taxation and social security

19,152

46,777

Accruals and deferred income

2,000

2,750

Other creditors

203,154

142,538

226,510

195,753

8

Reserves

Profit and loss account:

This reserve records retained earnings and accumulated losses.