1 false false false false false false false false false false true false false false false false false No description of principal activity 2023-12-01 Sage Accounts Production Advanced 2024 - FRS102_2024 1,881 1,881 1,689 1,689 192 150,000 150,000 150,000 xbrli:pure xbrli:shares iso4217:GBP 08299041 2023-12-01 2025-05-31 08299041 2025-05-31 08299041 2023-11-30 08299041 2022-12-01 2023-11-30 08299041 2023-11-30 08299041 2022-11-30 08299041 core:FurnitureFittings 2023-12-01 2025-05-31 08299041 bus:Director1 2023-12-01 2025-05-31 08299041 core:FurnitureFittings 2023-11-30 08299041 core:WithinOneYear 2025-05-31 08299041 core:WithinOneYear 2023-11-30 08299041 core:ShareCapital 2025-05-31 08299041 core:ShareCapital 2023-11-30 08299041 core:RevaluationReserve 2023-11-30 08299041 core:RetainedEarningsAccumulatedLosses 2025-05-31 08299041 core:RetainedEarningsAccumulatedLosses 2023-11-30 08299041 core:CostValuation core:Non-currentFinancialInstruments 2023-11-30 08299041 core:DisposalsRepaymentsInvestments core:Non-currentFinancialInstruments 2025-05-31 08299041 core:Non-currentFinancialInstruments 2023-11-30 08299041 core:FurnitureFittings 2023-11-30 08299041 bus:SmallEntities 2023-12-01 2025-05-31 08299041 bus:AuditExemptWithAccountantsReport 2023-12-01 2025-05-31 08299041 bus:SmallCompaniesRegimeForAccounts 2023-12-01 2025-05-31 08299041 bus:PrivateLimitedCompanyLtd 2023-12-01 2025-05-31 08299041 bus:FullAccounts 2023-12-01 2025-05-31
COMPANY REGISTRATION NUMBER: 08299041
Hiltarm Limited
Filleted Unaudited Financial Statements
31 May 2025
Hiltarm Limited
Financial Statements
Period from 1 December 2023 to 31 May 2025
Contents
Pages
Statement of financial position
1 to 2
Notes to the financial statements
3 to 5
Hiltarm Limited
Statement of Financial Position
31 May 2025
31 May 25
30 Nov 23
Note
£
£
£
Fixed assets
Tangible assets
5
192
Investments
6
150,000
----
---------
150,192
Current assets
Cash at bank and in hand
3,131
2,000
Creditors: amounts falling due within one year
7
2,646
101,474
------
---------
Net current assets/(liabilities)
485
( 99,474)
----
---------
Total assets less current liabilities
485
50,718
Provisions
Taxation including deferred tax
11,405
----
--------
Net assets
485
39,313
----
--------
Capital and reserves
Called up share capital
100
100
Fair value reserve
72,015
Profit and loss account
385
( 32,802)
----
--------
Shareholders funds
485
39,313
----
--------
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 income statement has not been delivered.
For the period ending 31 May 2025 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 financial statements for the period in question in accordance with section 476 ;
- The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .
Hiltarm Limited
Statement of Financial Position (continued)
31 May 2025
These financial statements were approved by the board of directors and authorised for issue on 4 June 2025 , and are signed on behalf of the board by:
Mr P Armstrong
Director
Company registration number: 08299041
Hiltarm Limited
Notes to the Financial Statements
Period from 1 December 2023 to 31 May 2025
1. General information
The company is a private company limited by shares, registered in England and Wales. The address of the registered office is 1 Lamorna Court, 43 Wollaton Road, Beeston, Nottingham, NG9 2NG.
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.
Revenue recognition
Turnover is measured at the fair value of the consideration received or receivable and represents amounts receivable for goods supplied and services rendered, stated net of discounts and of Value Added Tax.
Income 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.
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:
Fixtures and fittings
-
20% reducing balance
Investment property
The investment property is included in the accounts at fair value and gains are recognised in the income statement. Deferred taxation is provided on these gains at the rate expected to apply when the property is sold.
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.
4. Employee numbers
The average number of persons employed by the company during the period amounted to 1 (2023: 1 ).
5. Tangible assets
Fixtures and fittings
Total
£
£
Cost
At 1 December 2023
1,881
1,881
Disposals
( 1,881)
( 1,881)
------
------
At 31 May 2025
------
------
Depreciation
At 1 December 2023
1,689
1,689
Disposals
( 1,689)
( 1,689)
------
------
At 31 May 2025
------
------
Carrying amount
At 31 May 2025
------
------
At 30 November 2023
192
192
------
------
6. Investments
Investment property
£
Cost
At 1 December 2023
150,000
Disposals
( 150,000)
---------
At 31 May 2025
---------
Impairment
At 1 December 2023 and 31 May 2025
---------
Carrying amount
At 31 May 2025
---------
At 30 November 2023
150,000
---------
7. Creditors: amounts falling due within one year
31 May 25
30 Nov 23
£
£
Trade creditors
13
Social security and other taxes
2,646
Other creditors
101,461
------
---------
2,646
101,474
------
---------