S Hill & Co Limited 00210972 false 2023-04-01 2024-03-31 2024-03-31 The principal activity of the company is rental and maintenance of property and the collection of rents therefrom Digita Accounts Production Advanced 6.30.9574.0 true true 00210972 2023-04-01 2024-03-31 00210972 2024-03-31 00210972 bus:Director1 2024-03-31 00210972 bus:Director3 2024-03-31 00210972 bus:OrdinaryShareClass1 2024-03-31 00210972 core:CurrentFinancialInstruments core:WithinOneYear 2024-03-31 00210972 core:FurnitureFittingsToolsEquipment 2024-03-31 00210972 core:LandBuildings 2024-03-31 00210972 bus:SmallEntities 2023-04-01 2024-03-31 00210972 bus:AuditExemptWithAccountantsReport 2023-04-01 2024-03-31 00210972 bus:FilletedAccounts 2023-04-01 2024-03-31 00210972 bus:SmallCompaniesRegimeForAccounts 2023-04-01 2024-03-31 00210972 bus:RegisteredOffice 2023-04-01 2024-03-31 00210972 bus:Director1 2023-04-01 2024-03-31 00210972 bus:Director3 2023-04-01 2024-03-31 00210972 bus:OrdinaryShareClass1 2023-04-01 2024-03-31 00210972 bus:PrivateLimitedCompanyLtd 2023-04-01 2024-03-31 00210972 bus:Agent1 2023-04-01 2024-03-31 00210972 core:FurnitureFittingsToolsEquipment 2023-04-01 2024-03-31 00210972 core:LandBuildings 2023-04-01 2024-03-31 00210972 countries:England 2023-04-01 2024-03-31 00210972 2023-03-31 00210972 core:FurnitureFittingsToolsEquipment 2023-03-31 00210972 core:LandBuildings 2023-03-31 00210972 2022-04-01 2023-03-31 00210972 2023-03-31 00210972 bus:OrdinaryShareClass1 2023-03-31 00210972 core:CurrentFinancialInstruments core:WithinOneYear 2023-03-31 00210972 core:FurnitureFittingsToolsEquipment 2023-03-31 00210972 core:LandBuildings 2023-03-31 00210972 core:RevaluationReserve core:LandBuildings 2022-04-01 2023-03-31 00210972 core:LandBuildings 2022-04-01 2023-03-31 iso4217:GBP xbrli:pure xbrli:shares

Registration number: 00210972

S Hill & Co Limited

Annual Report and Unaudited Financial Statements

for the Year Ended 31 March 2024

 

Company Information

Director

Mr C R F Wilkinson

Registered office

Alexandra House
St John Street
Salisbury
SP1 2SB

Bankers

Natwest
Bromyard
44 High Street
Bromyard
Herefordshire
HR7 4AQ

Accountants

Young & Co
Chartered Accountants
St Ethelbert House
Ryelands Street
Hereford
Herefordshire
HR4 0LA

 

Director's Report for the Year Ended 31 March 2024

The director presents his report and the financial statements for the year ended 31 March 2024.

Director of the company

The director who held office during the year was as follows:

Miss Anne Marie Sherwood (ceased 19 May 2024)

The following director was appointed after the year end:

Mr C R F Wilkinson (appointed 15 April 2024)

Principal activity

The principal activity of the company is rental and maintenance of property and the collection of rents therefrom

Small companies provision statement

This report has been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

Approved and authorised by the director on 21 May 2025
 

.........................................
Mr C R F Wilkinson
Director

 

(Registration number: 00210972)
Balance Sheet as at 31 March 2024

Note

2024
£

2023
£

Fixed assets

 

Tangible assets

4

295,000

295,000

Current assets

 

Cash at bank and in hand

 

-

162

Creditors: Amounts falling due within one year

5

(2,049)

(4,687)

Net current liabilities

 

(2,049)

(4,525)

Net assets

 

292,951

290,475

Capital and reserves

 

Called up share capital

6

1,802

1,802

Capital redemption reserve

58,266

58,266

Revaluation reserve

30,074

30,074

Retained earnings

202,809

200,333

Shareholders' funds

 

292,951

290,475

For the financial year ending 31 March 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's 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 director acknowledges his 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 in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

These financial statements have been 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 director has not delivered to the registrar a copy of the Profit and Loss Account.

 

(Registration number: 00210972)
Balance Sheet as at 31 March 2024
(continued)

Approved and authorised by the director on 21 May 2025
 

.........................................
Mr C R F Wilkinson
Director

 

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2024

1

General information

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

The address of its registered office is:
Alexandra House
St John Street
Salisbury
SP1 2SB

The principal place of business is:
Alexandra House
St John Street
Salisbury
SP1 2SB

These financial statements were authorised for issue by the director on 21 May 2025.

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.

 

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2024
(continued)

2

Accounting policies (continued)

tangible assets

Tangible assets are stated in the balance sheet 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

Freehold land and buildings

Nil

Fixtures and fittings

15% of cost per annum

Investment property

Investment property is calculated at fair value, derived from the current market prices for comparable real estate determined annually by external valuers. The valuers are 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 the profit and loss.

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

 

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2024
(continued)

3

Staff numbers

The average number of persons employed by the company (including the director) during the year, was 2 (2023 - 1).

4

Tangible assets

Land and buildings
£

Furniture, fittings and equipment
 £

Total
£

Cost or valuation

At 1 April 2023

264,926

19,622

284,548

Revaluations

30,074

-

30,074

At 31 March 2024

295,000

19,622

314,622

Depreciation

At 1 April 2023

-

19,622

19,622

At 31 March 2024

-

19,622

19,622

Carrying amount

At 31 March 2024

295,000

-

295,000

At 31 March 2023

295,000

-

295,000

Included within the net book value of land and buildings above is £295,000 (2023 - £295,000) in respect of freehold land and buildings.
 

Revaluation

 

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2024
(continued)

4

Tangible assets (continued)

The fair value of the company's Investment property was revalued on 26 October 2021 by an independent valuer.
Present open market value. The name and qualification of the independent valuer are Barry Bufton FRICS.
Had this class of asset been measured on a historical cost basis, the carrying amount would have been £Nil (2023 - £264,926).

5

Creditors

Creditors: amounts falling due within one year

2024
£

2023
£

Due within one year

Accruals and deferred income

1,779

1,113

Other creditors

270

3,574

2,049

4,687

6

Share capital

Allotted, called up and fully paid shares

2024

2023

No.

£

No.

£

Ordinary shares of £1 each

1,802

1,802

1,802

1,802

       

7

Reserves

The changes to each component of equity resulting from items of other comprehensive income for the prior year were as follows:

 

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2024
(continued)

7

Reserves (continued)

Revaluation reserve
£

Total
£

Surplus/deficit on property, plant and equipment revaluation

30,074

30,074

The amount of £30,074 was credited to the fair value non-distributable reserve following the revaluation of the two investment properties.

8

Related party transactions

A director's loan of £5,532.42 has been written off in the year.