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Hildak Limited

Unaudited Financial Statements for the Year Ended 31 August 2024






Hildak Limited (Registered number: 02807826)






Contents of the Financial Statements
for the Year Ended 31 August 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


Hildak Limited

Company Information
for the Year Ended 31 August 2024







DIRECTOR: D A Kennedy





REGISTERED OFFICE: 48 - 52 Penny Lane
Mossley Hill
Liverpool
Merseyside
L18 1DG





REGISTERED NUMBER: 02807826 (England and Wales)





ACCOUNTANTS: Matthews Sutton & Co Ltd
Chartered Certified Accountants
48 - 52 Penny Lane
Mossley Hill
Liverpool
Merseyside
L18 1DG

Hildak Limited (Registered number: 02807826)

Balance Sheet
31 August 2024

2024 2023
Notes £    £    £   
FIXED ASSETS
Tangible assets 4 1,646 1,937
Investment property 5 1,825,000 1,825,000
1,826,646 1,826,937

CURRENT ASSETS
Debtors 6 37,951 37,666
Cash at bank and in hand 59,881 64,922
97,832 102,588
CREDITORS
Amounts falling due within one year 7 30,968 24,465
NET CURRENT ASSETS 66,864 78,123
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,893,510

1,905,060

CREDITORS
Amounts falling due after more than one
year

8

(2,371

)

(5,462

)

PROVISIONS FOR LIABILITIES (259,181 ) (259,181 )
NET ASSETS 1,631,958 1,640,417

CAPITAL AND RESERVES
Called up share capital 100,000 100,000
Share premium 222,000 222,000
Fair value reserve 9 718,861 718,861
Retained earnings 591,097 599,556
SHAREHOLDERS' FUNDS 1,631,958 1,640,417

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 August 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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.

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 director and authorised for issue on 1 April 2025 and were signed by:



D A Kennedy - Director


Hildak Limited (Registered number: 02807826)

Notes to the Financial Statements
for the Year Ended 31 August 2024

1. STATUTORY INFORMATION

Hildak 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.

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 represents net rents receivable, excluding value added tax.

Tangible fixed assets
Depreciation is based on historic cost or valuation, less the estimated residual value and the estimated economic life of the asset concerned. Freehold land & buildings held for investment are not depreciated.

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2023 - 1 ) .

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 September 2023
and 31 August 2024 67,600
DEPRECIATION
At 1 September 2023 65,663
Charge for year 291
At 31 August 2024 65,954
NET BOOK VALUE
At 31 August 2024 1,646
At 31 August 2023 1,937

5. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 September 2023
and 31 August 2024 1,825,000
NET BOOK VALUE
At 31 August 2024 1,825,000
At 31 August 2023 1,825,000

Property was revalued using market data by the director on the 31.08.2024.

Hildak Limited (Registered number: 02807826)

Notes to the Financial Statements - continued
for the Year Ended 31 August 2024

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Amounts owed by group undertakings 34,790 34,790
Other debtors 3,161 2,876
37,951 37,666

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 3,093 3,017
Taxation and social security 25,935 19,641
Other creditors 1,940 1,807
30,968 24,465

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2024 2023
£    £   
Bank loans 2,371 5,462

9. RESERVES
Fair
value
reserve
£   
At 1 September 2023
and 31 August 2024 718,861