2 false false false false false false false false false false true false false false false false false No description of principal activity 2023-10-01 Sage Accounts Production Advanced 2024 - FRS102_2024 178,542 519,702 50,561 11,071 636,612 636,612 178,542 xbrli:pure xbrli:shares iso4217:GBP 01551252 2023-10-01 2024-09-30 01551252 2024-09-30 01551252 2023-09-30 01551252 2022-10-01 2023-09-30 01551252 2023-09-30 01551252 2022-09-30 01551252 bus:Director2 2023-10-01 2024-09-30 01551252 core:PlantMachinery 2023-09-30 01551252 core:FurnitureFittings 2023-09-30 01551252 core:MotorVehicles 2023-09-30 01551252 core:PlantMachinery 2024-09-30 01551252 core:FurnitureFittings 2024-09-30 01551252 core:MotorVehicles 2024-09-30 01551252 core:PlantMachinery 2023-10-01 2024-09-30 01551252 core:FurnitureFittings 2023-10-01 2024-09-30 01551252 core:MotorVehicles 2023-10-01 2024-09-30 01551252 core:WithinOneYear 2024-09-30 01551252 core:WithinOneYear 2023-09-30 01551252 core:ShareCapital 2024-09-30 01551252 core:ShareCapital 2023-09-30 01551252 core:RetainedEarningsAccumulatedLosses 2024-09-30 01551252 core:RetainedEarningsAccumulatedLosses 2023-09-30 01551252 core:CostValuation core:Non-currentFinancialInstruments 2023-09-30 01551252 core:AdditionsToInvestments core:Non-currentFinancialInstruments 2024-09-30 01551252 core:DisposalsRepaymentsInvestments core:Non-currentFinancialInstruments 2024-09-30 01551252 core:Non-currentFinancialInstruments core:RevaluationsIncreaseDecreaseInInvestments 2024-09-30 01551252 core:CostValuation core:Non-currentFinancialInstruments 2024-09-30 01551252 core:Non-currentFinancialInstruments 2024-09-30 01551252 core:Non-currentFinancialInstruments 2023-09-30 01551252 core:AfterOneYear 2024-09-30 01551252 core:AfterOneYear 2023-09-30 01551252 core:PlantMachinery 2023-09-30 01551252 core:FurnitureFittings 2023-09-30 01551252 core:MotorVehicles 2023-09-30 01551252 bus:Director1 2023-10-01 2024-09-30 01551252 bus:SmallEntities 2023-10-01 2024-09-30 01551252 bus:AuditExemptWithAccountantsReport 2023-10-01 2024-09-30 01551252 bus:SmallCompaniesRegimeForAccounts 2023-10-01 2024-09-30 01551252 bus:PrivateLimitedCompanyLtd 2023-10-01 2024-09-30 01551252 bus:FullAccounts 2023-10-01 2024-09-30 01551252 core:OfficeEquipment 2023-09-30 01551252 core:InvestmentPropertyIncludedWithinPPE 2023-09-30 01551252 core:OfficeEquipment 2023-10-01 2024-09-30 01551252 core:OfficeEquipment 2024-09-30 01551252 core:InvestmentPropertyIncludedWithinPPE 2024-09-30
COMPANY REGISTRATION NUMBER: 01551252
Hindhill Limited
Filleted Unaudited Financial Statements
30 September 2024
Hindhill Limited
Financial Statements
Year ended 30 September 2024
Contents
Page
Statement of financial position
1
Notes to the financial statements
3
Hindhill Limited
Statement of Financial Position
30 September 2024
2024
2023
Note
£
£
£
Fixed assets
Tangible assets
5
2,310,768
2,322,647
Investments
6
636,612
178,542
------------
------------
2,947,380
2,501,189
Current assets
Debtors
7
224,681
242,683
Cash at bank and in hand
706,031
1,284,631
---------
------------
930,712
1,527,314
Creditors: amounts falling due within one year
8
2,341,962
2,339,917
------------
------------
Net current liabilities
1,411,250
812,603
------------
------------
Total assets less current liabilities
1,536,130
1,688,586
Provisions
Taxation including deferred tax
18,821
21,791
------------
------------
Net assets
1,517,309
1,666,795
------------
------------
Capital and reserves
Called up share capital
2
2
Profit and loss account
1,517,307
1,666,793
------------
------------
Shareholders funds
1,517,309
1,666,795
------------
------------
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 statement of income and retained earnings has not been delivered.
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 .
Hindhill Limited
Statement of Financial Position (continued)
30 September 2024
These financial statements were approved by the board of directors and authorised for issue on 30 May 2025 , and are signed on behalf of the board by:
Mrs T Heyes
Director
Company registration number: 01551252
Hindhill Limited
Notes to the Financial Statements
Year ended 30 September 2024
1. General information
The company is a private company limited by shares, registered in England and Wales. The address of the registered office is The Old Vicarage, 183 Westhall Road, Warlingham, Surrey, CR6 9HL, United Kingdom.
2. Statement of compliance
These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.
3. Accounting policies
Basis of preparation
The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.
The financial statements are prepared in sterling, which is the functional currency of the entity.
Going concern
The directors have reviewed the anticipated level of future trading of the company for the period of 12 months from the date of signing the financial statements.
Judgements and key sources of estimation uncertainty
The preparation of the financial statements requires management to make judgements, estimates and assumptions that affect the amounts reported. These estimates and judgements are continually reviewed and are based on experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances. The judgements (apart from those involving estimations) that management has made in the process of applying the entity's accounting policies and that have the most significant effect on the amounts recognised in the financial statements are as follows: Revaluation of investment properties - See note 9.
Revenue recognition
Turnover represents rental income receivable during the period.
Corporation tax
The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in profit or loss, except to the extent that it relates to items recognised in other comprehensive income or directly in equity. In this case, tax is recognised in other comprehensive income or directly in equity, 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 recognised in respect of all timing differences at the reporting date. Unrelieved tax losses and other deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date that are expected to apply to the reversal of the timing difference.
Tangible assets
Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses. An increase in the carrying amount of an asset as a result of a revaluation, is recognised in other comprehensive income and accumulated in equity, except to the extent it reverses a revaluation decrease of the same asset previously recognised in profit or loss. A decrease in the carrying amount of an asset as a result of revaluation, is recognised in other comprehensive income to the extent of any previously recognised revaluation increase accumulated in equity in respect of that asset. Where a revaluation decrease exceeds the accumulated revaluation gains accumulated in equity in respect of that asset, the excess shall be recognised in profit or loss.
Depreciation
Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:
Plant and machinery
-
10% per annum on cost
Investment properties furniture and fittings
-
10% per annum on cost
Motor vehicles
-
25% per annum on cost
Office furniture and equipment
-
20% per annum on cost
Investment property
Investment property is initially recorded at cost, which includes purchase price and any directly attributable expenditure. Investment property is revalued to its fair value at each reporting date and any changes in fair value are recognised in profit or loss.
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.
Provisions
Provisions are recognised when the entity has an obligation at the reporting date as a result of a past event, it is probable that the entity will be required to transfer economic benefits in settlement and the amount of the obligation can be estimated reliably. Provisions are recognised as a liability in the statement of financial position and the amount of the provision as an expense. Provisions are initially measured at the best estimate of the amount required to settle the obligation at the reporting date and subsequently reviewed at each reporting date and adjusted to reflect the current best estimate of the amount that would be required to settle the obligation. Any adjustments to the amounts previously recognised are recognised in profit or loss unless the provision was originally recognised as part of the cost of an asset. When a provision is measured at the present value of the amount expected to be required to settle the obligation, the unwinding of the discount is recognised as a finance cost in profit or loss in the period it arises.
Financial instruments
A financial asset or a financial liability is recognised only when the entity becomes a party to the contractual provisions of the instrument. Basic financial instruments are initially recognised at the transaction price, unless the arrangement constitutes a financing transaction, where it is recognised at the present value of the future payments discounted at a market rate of interest for a similar debt instrument. Debt instruments are subsequently measured at amortised cost. Financial assets that are measured at cost or amortised cost are reviewed for objective evidence of impairment at the end of each reporting date. If there is objective evidence of impairment, an impairment loss is recognised in profit or loss immediately.
4. Employee numbers
The average number of persons employed by the company during the year amounted to 2 (2023: 2 ).
5. Tangible assets
Plant and machinery
Fixtures and fittings
Motor vehicles
Equipment
Investment properties
Total
£
£
£
£
£
£
Cost or valuation
At 1 Oct 2023
21,035
11,720
40,409
12,897
2,287,232
2,373,293
Additions
299
299
--------
--------
--------
--------
------------
------------
At 30 Sep 2024
21,035
11,720
40,409
13,196
2,287,232
2,373,592
--------
--------
--------
--------
------------
------------
Depreciation
At 1 Oct 2023
19,245
11,719
12,243
7,439
50,646
Charge for the year
419
9,388
2,371
12,178
--------
--------
--------
--------
------------
------------
At 30 Sep 2024
19,664
11,719
21,631
9,810
62,824
--------
--------
--------
--------
------------
------------
Carrying amount
At 30 Sep 2024
1,371
1
18,778
3,386
2,287,232
2,310,768
--------
--------
--------
--------
------------
------------
At 30 Sep 2023
1,790
1
28,166
5,458
2,287,232
2,322,647
--------
--------
--------
--------
------------
------------
Investment properties have been valued by the directors at fair value taking into account the tenure of the property, tenancy details and ground and structural conditions.
6. Investments
Listed investments
£
Cost or valuation
At 1 October 2023
178,542
Additions
519,702
Disposals
( 50,561)
Revaluations
( 11,071)
---------
At 30 September 2024
636,612
---------
Impairment
At 1 October 2023 and 30 September 2024
---------
Carrying amount
At 30 September 2024
636,612
---------
At 30 September 2023
178,542
---------
7. Debtors
2024
2023
£
£
Trade debtors
240
240
Other debtors
224,441
242,443
---------
---------
224,681
242,683
---------
---------
The debtors above include the following amounts falling due after more than one year:
2024
2023
£
£
Other debtors
121,060
139,320
---------
---------
Included in debtors is an amount of £84,104 (2023 - £84,104) due from a company in creditors voluntary administration. At the time of preparing these accounts, the amount of the final settlement is uncertain.
8. Creditors: amounts falling due within one year
2024
2023
£
£
Trade creditors
924
Other creditors
2,341,038
2,339,917
------------
------------
2,341,962
2,339,917
------------
------------
Included in other creditors is £2,308,973 (2023 - £2,311,323) which is due to related parties.
9. Directors' advances, credits and guarantees
Included in other creditors at 30 September 2024 is £22,574(2023 - £14,710) which represents the balance outstanding in the directors' loan account.
10. Related party transactions
Creditors at the year end include £2,308,973 (2023 - £2,311,323) due to Solplace Ltd relating to rents collected on its behalf in prior years. The directors of Hindhill Ltd are also directors of Solplace Ltd and have a 100% interest in the ordinary share capital.