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REGISTERED NUMBER: 14319841 (England and Wales)















HILLSIDE-INFINITAS LIMITED

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2024






HILLSIDE-INFINITAS LIMITED (REGISTERED NUMBER: 14319841)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024




Page

Company Information 1

Statement of Financial Position 2 to 3

Notes to the Financial Statements 4 to 7


HILLSIDE-INFINITAS LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 DECEMBER 2024







DIRECTORS: R L Burton
L J Bishop





REGISTERED OFFICE: 14 London Road
Newark
Nottinghamshire
NG24 1TW





REGISTERED NUMBER: 14319841 (England and Wales)





ACCOUNTANTS: Duncan & Toplis Limited
14 London Road
Newark
Nottinghamshire
NG24 1TW

HILLSIDE-INFINITAS LIMITED (REGISTERED NUMBER: 14319841)

STATEMENT OF FINANCIAL POSITION
31 DECEMBER 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 41,408 55,210
Property, plant and equipment 5 56,704 12,862
Investments 6 105,825 105,010
203,937 173,082

CURRENT ASSETS
Debtors 7 353,607 640,300
Cash at bank 371,086 116,699
724,693 756,999
CREDITORS
Amounts falling due within one year 8 312,939 614,716
NET CURRENT ASSETS 411,754 142,283
TOTAL ASSETS LESS CURRENT LIABILITIES 615,691 315,365

PROVISIONS FOR LIABILITIES 11,767 -
NET ASSETS 603,924 315,365

CAPITAL AND RESERVES
Called up share capital 10 1,004 1,004
Share premium 99,996 99,996
Retained earnings 502,924 214,365
SHAREHOLDERS' FUNDS 603,924 315,365

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 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.

HILLSIDE-INFINITAS LIMITED (REGISTERED NUMBER: 14319841)

STATEMENT OF FINANCIAL POSITION - continued
31 DECEMBER 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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 19 March 2025 and were signed on its behalf by:




L J Bishop - Director



R L Burton - Director


HILLSIDE-INFINITAS LIMITED (REGISTERED NUMBER: 14319841)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024

1. STATUTORY INFORMATION

Hillside-Infinitas 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.

The presentation currency of the financial statements is the Pound Sterling (£).


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.

Related party exemption
The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Turnover is recognised when the significant risks and rewards have passed to the customer, the amount of turnover can be measured reliably, it is probable that the economic benefits associated with the transaction will flow to the company, and that the costs incurred, or to be incurred, in respect of the transaction, can be measured reliably.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of two businesses in 2023, is being amoritsed evenly over its estimated useful life of five years.

Tangible fixed assets
Tangible fixed assets are stated at cost (or deemed cost) or valuation less accumulated depreciation and accumulated impairment losses. Cost includes costs directly attributable to making the asset capable of operating as intended.

Investments in subsidiaries
Investments in subsidiary undertakings are recognised at cost.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, 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 statement of financial position date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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.

HILLSIDE-INFINITAS LIMITED (REGISTERED NUMBER: 14319841)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2024

2. ACCOUNTING POLICIES - continued

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.

Assets obtained under hire purchase contracts and finance leases are capitalised in the balance sheet. Those held under financed leases are depreciated over their useful lives or the lease term, whichever is the shorter. The interest element of these obligations is charged to profit over the relevant period. The capital element of the future repayments is treated as a liability.

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 14 (2023 - 10 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 January 2024
and 31 December 2024 69,013
AMORTISATION
At 1 January 2024 13,803
Charge for year 13,802
At 31 December 2024 27,605
NET BOOK VALUE
At 31 December 2024 41,408
At 31 December 2023 55,210

5. PROPERTY, PLANT AND EQUIPMENT
Plant and
machinery
etc
£   
COST
At 1 January 2024 17,150
Additions 50,828
At 31 December 2024 67,978
DEPRECIATION
At 1 January 2024 4,288
Charge for year 6,986
At 31 December 2024 11,274
NET BOOK VALUE
At 31 December 2024 56,704
At 31 December 2023 12,862

HILLSIDE-INFINITAS LIMITED (REGISTERED NUMBER: 14319841)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2024

5. PROPERTY, PLANT AND EQUIPMENT - continued

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

Assets obtained under hire purchase contracts and finance leases are capitalised in the balance sheet. Those held under financed leases are depreciated over their useful lives or the lease term, whichever is the shorter. The interest element of these obligations is charged to profit over the relevant period. The capital element of the future repayments is treated as a liability.

6. FIXED ASSET INVESTMENTS
Shares in
group
undertakings
£   
COST
At 1 January 2024 105,010
Additions 815
At 31 December 2024 105,825
NET BOOK VALUE
At 31 December 2024 105,825
At 31 December 2023 105,010

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 298,219 -
Other debtors 55,388 640,300
353,607 640,300

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade creditors 41,090 75,490
Taxation and social security 154,308 131,358
Other creditors 117,541 407,868
312,939 614,716

9. LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:
2024 2023
£    £   
Within one year 16,027 9,500
Between one and five years 13,054 -
29,081 9,500

HILLSIDE-INFINITAS LIMITED (REGISTERED NUMBER: 14319841)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2024

10. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
100,000 Ordinary 1p 1,000 1,000
1 A Ordinary £1 1 1
1 B Ordinary £1 1 1
1 C Ordinary £1 1 1
1 D Ordinary £1 1 1
1,004 1,004