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REGISTERED NUMBER: 04108990 (England and Wales)















Unaudited Financial Statements for the Year Ended 30 April 2024

for

M Hillas (Properties) Limited

M Hillas (Properties) Limited (Registered number: 04108990)






Contents of the Financial Statements
for the Year Ended 30 April 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


M Hillas (Properties) Limited

Company Information
for the Year Ended 30 April 2024







DIRECTORS: M S Hillas
Mrs J Hillas





SECRETARY: Mrs J Hillas





REGISTERED OFFICE: Thorntree Farm
Brighouse Denholme Road
Northowram
Halifax
HX3 7TF





REGISTERED NUMBER: 04108990 (England and Wales)





ACCOUNTANTS: Charles Stewart & Co Limited
3 Park Square
Leeds
LS1 2NE

M Hillas (Properties) Limited (Registered number: 04108990)

Balance Sheet
30 April 2024

30.4.24 30.4.23
Notes £    £    £   
FIXED ASSETS
Tangible assets 4 43 57
Investment property 5 1,730,706 1,730,706
1,730,749 1,730,763

CURRENT ASSETS
Debtors 6 1,618,169 1,742,671
Cash at bank and in hand 10,574 18,362
1,628,743 1,761,033
CREDITORS
Amounts falling due within one year 7 699,626 740,107
NET CURRENT ASSETS 929,117 1,020,926
TOTAL ASSETS LESS CURRENT LIABILITIES 2,659,866 2,751,689

CREDITORS
Amounts falling due after more than
one year

8

1,508,400

1,542,479
NET ASSETS 1,151,466 1,209,210

CAPITAL AND RESERVES
Called up share capital 10 359 359
Share premium 1,206,324 1,206,324
Retained earnings (55,217 ) 2,527
SHAREHOLDERS' FUNDS 1,151,466 1,209,210

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 April 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 April 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.

M Hillas (Properties) Limited (Registered number: 04108990)

Balance Sheet - continued
30 April 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 24 April 2025 and were signed on its behalf by:





Mrs J Hillas - Director


M Hillas (Properties) Limited (Registered number: 04108990)

Notes to the Financial Statements
for the Year Ended 30 April 2024

1. STATUTORY INFORMATION

M Hillas (Properties) 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.

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 represents rents receivable.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery etc - 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.

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 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.

M Hillas (Properties) Limited (Registered number: 04108990)

Notes to the Financial Statements - continued
for the Year Ended 30 April 2024

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 5 (2023 - 3 ) .

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 May 2023
and 30 April 2024 6,682
DEPRECIATION
At 1 May 2023 6,625
Charge for year 14
At 30 April 2024 6,639
NET BOOK VALUE
At 30 April 2024 43
At 30 April 2023 57

5. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 May 2023
and 30 April 2024 1,730,706
NET BOOK VALUE
At 30 April 2024 1,730,706
At 30 April 2023 1,730,706

6. DEBTORS
30.4.24 30.4.23
£    £   
Amounts falling due within one year:
Trade debtors 537 8,039

Amounts falling due after more than one year:
Due from group undertaking 1,617,632 1,734,632

Aggregate amounts 1,618,169 1,742,671

M Hillas (Properties) Limited (Registered number: 04108990)

Notes to the Financial Statements - continued
for the Year Ended 30 April 2024

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.4.24 30.4.23
£    £   
Bank loans and overdrafts 5,500 5,500
Loan creditors 675,657 715,675
Trade creditors 16,369 11,323
Tax - 1,651
Social security and other taxes - 3,858
Accrued expenses 2,100 2,100
699,626 740,107

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
30.4.24 30.4.23
£    £   
Bank loans 33,796 39,352
Loan creditors 1,292,358 1,320,881
Due to group undertaking 182,246 182,246
1,508,400 1,542,479

The loan creditor represents a loan under HM Government Coronavirus Business Bounce Back Loan Scheme.
The loan creditor carries an interest rate of 2.5% per annum and it is repayable in accordance with the rules of the scheme.

9. SECURED DEBTS

The following secured debts are included within creditors:

30.4.24 30.4.23
£    £   
Loan creditors 1,968,015 2,036,556

The loan creditors are secured against the assets of the company

10. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 30.4.24 30.4.23
value: £    £   
359 Ordinary £1 359 359

11. RELATED PARTY DISCLOSURES

At 30 April 2024 the company was owed £1,617,632 (2023: £1,734,632) from Jack Hillas & Sons Limited.
At 30 April 2024 a sum of £182,246 (2023: £182,246) was due to J. Hillas & Sons (Holdings) Limited.

M Hillas (Properties) Limited (Registered number: 04108990)

Notes to the Financial Statements - continued
for the Year Ended 30 April 2024

12. ULTIMATE CONTROLLING PARTY

The company is under the ultimate control of its directors.

13. IMMEDIATE PARENT UNDERTAKING

The immediate parent undertaking is J Hillas & Sons (Holdings) Limited.