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Hillcrest Colorectal Limited
Filleted accounts
30 September 2024
Company registration number: 14368083
Hillcrest Colorectal Limited
Directors and other information
Directors Dr D R C James
L E James
Company number 14368083
Registered office The Old Diary
12 Stephen Road
Headington
Oxford
OX3 9AY
Accountants Cox Hinkins & Co. Limited
Accountants and Taxation Advisors
The Old Dairy
12 Stephen Road
Headington
Oxford
OX3 9AY
Hillcrest Colorectal Limited
Balance sheet
30th September 2024
30/09/24 30/09/23
Note £ £ £ £
Fixed assets
Tangible assets 5 47,049 -
Investments 6 2,000 -
_______ _______
49,049 -
Current assets
Debtors 7 30,143 10,970
Cash at bank and in hand 31,251 13,018
_______ _______
61,394 23,988
Creditors: amounts falling due
within one year 8 ( 22,020) ( 12,662)
_______ _______
Net current assets 39,374 11,326
_______ _______
Total assets less current liabilities 88,423 11,326
Creditors: amounts falling due
after more than one year 9 ( 37,915) -
_______ _______
Net assets 50,508 11,326
_______ _______
Capital and reserves
Called up share capital 10 100 100
Profit and loss account 50,408 11,226
_______ _______
Shareholders funds 50,508 11,326
_______ _______
For the year ending 30 September 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 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 Profit & loss account has not been delivered.
These financial statements were approved by the board of directors and authorised for issue on 08 May 2025 , and are signed on behalf of the board by:
Dr D R C James
Director
Company registration number: 14368083
Hillcrest Colorectal Limited
Notes to the financial statements
Year ended 30th September 2024
1. General information
The company is a private company limited by shares, registered in England & Wales. The address of the registered office is The Old Diary, 12 Stephen Road, Headington, Oxford, OX3 9AY. The company's principal activity during the year was the provision of medical services.
2. Statement of compliance
These financial statements have been prepared in compliance with the provisions of FRS 102, Section 1A, 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
3. Accounting policies
Basis of preparation
The financial statements have been prepared on the historical cost basis. The principal accounting policies are set out below. The financial statements are prepared in sterling which is the functional currency of the entity.
Turnover
Turnover is measured at the fair value of the consideration received or receivable for services rendered, net of discounts. Revenue from the rendering of services is measured by reference to the stage of completion of the service transaction at the end of the reporting period provided that the outcome can be reliably estimated. When the outcome cannot be reliably estimated, revenue is recognised only to the extent that expenses recognised are recoverable.
Taxation
The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in the profit and loss account, except to the extent that it relates to items recognised in other comprehensive income or directly in capital and reserves. In this case, tax is recognised in other comprehensive income or directly in capital and reserves, respectively. Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date. Deferred tax is not recognised in respect of any timing differences at the reporting date as all are insignificant. Unrelieved tax losses and other deferred tax assets are not recognised as it is uncertain when they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.
Tangible assets
tangible assets are initially recorded at cost, and are subsequently stated at cost less any accumulated depreciation and impairment losses.
Depreciation
Depreciation is calculated so as to write off the cost of an asset, less its residual value, over the useful economic life of that asset as follows:
Motor vehicles - 25 % reducing balance
If there is an indication that there has been a significant change in depreciation rate, useful life or residual value of tangible assets, the depreciation is revised prospectively to reflect the new estimates.
Fixed asset investments
Fixed asset investments are initially recorded at cost, and subsequently stated at cost less any accumulated impairment losses. Listed investments are measured at fair value with changes in fair value being recognised in profit or loss.
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.
Financial instruments
Financial instruments are classified and accounted for, according to the substance of the contractualarrangement, as either financial assets, financial liabilities or equity instruments. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.
Defined contribution plans
Contributions to defined contribution plans are recognised as an expense in the period in which the related service is provided. Prepaid contributions are recognised as an asset to the extent that the prepayment will lead to a reduction in future payments or a cash refund. When contributions are not expected to be settled wholly within 12 months of the end of the reporting date in which the employees render the related service, the liability is measured on a discounted present value basis. The unwinding of the discount is recognised in finance costs in profit or loss in the period in which it arises.
4. Employee numbers
The average number of persons employed by the company during the year amounted to 3 (2023: 2 ).
5. Tangible assets
Motor vehicles Total
£ £
Cost
At 1st October 2023 - -
Additions 59,430 59,430
_______ _______
At 30th September 2024 59,430 59,430
_______ _______
Depreciation
At 1st October 2023 - -
Charge for the year 12,381 12,381
_______ _______
At 30th September 2024 12,381 12,381
_______ _______
Carrying amount
At 30th September 2024 47,049 47,049
_______ _______
At 30th September 2023 - -
_______ _______
6. Investments
Other investments other than loans Total
£ £
Cost
At 1st October 2023 - -
Additions 2,000 2,000
_______ _______
At 30th September 2024 2,000 2,000
_______ _______
Impairment
At 1st October 2023 and 30th September 2024 - -
_______ _______
Carrying amount
At 30th September 2024 2,000 2,000
_______ _______
At 30th September 2023 - -
_______ _______
7. Debtors
30/09/24 30/09/23
£ £
Trade debtors 12,053 5,520
Other debtors 18,090 5,450
_______ _______
30,143 10,970
_______ _______
8. Creditors: amounts falling due within one year
30/09/24 30/09/23
£ £
Social security and other taxes 806 3,652
Other creditors 21,214 9,010
_______ _______
22,020 12,662
_______ _______
9. Creditors: amounts falling due after more than one year
30/09/24 30/09/23
£ £
Other creditors 37,915 -
_______ _______
10. Called up share capital
Issued, called up and fully paid
30/09/24 30/09/23
No £ No £
Ordinary shares of £ 1.00 each 100 100 100 100
_______ _______ _______ _______