0 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 2023 - FRS102_2023 3,105,000 90,000 3,015,000 89,999 89,999 3,015,000 3,015,001 xbrli:pure xbrli:shares iso4217:GBP 10004001 2023-10-01 2024-09-30 10004001 2024-09-30 10004001 2023-09-30 10004001 2022-10-01 2023-09-30 10004001 2023-09-30 10004001 2022-09-30 10004001 bus:Director1 2023-10-01 2024-09-30 10004001 core:WithinOneYear 2024-09-30 10004001 core:WithinOneYear 2023-09-30 10004001 core:ShareCapital 2024-09-30 10004001 core:ShareCapital 2023-09-30 10004001 core:RetainedEarningsAccumulatedLosses 2024-09-30 10004001 core:RetainedEarningsAccumulatedLosses 2023-09-30 10004001 core:CostValuation core:Non-currentFinancialInstruments 2023-09-30 10004001 core:DisposalsRepaymentsInvestments core:Non-currentFinancialInstruments 2024-09-30 10004001 core:CostValuation core:Non-currentFinancialInstruments 2024-09-30 10004001 core:Non-currentFinancialInstruments core:ProvisionsForImpairmentInvestments 2023-09-30 10004001 core:DisposalsDecreaseInProvisionsForImpairmentInvestments core:Non-currentFinancialInstruments 2024-09-30 10004001 core:Non-currentFinancialInstruments 2024-09-30 10004001 core:Non-currentFinancialInstruments 2023-09-30 10004001 bus:SmallEntities 2023-10-01 2024-09-30 10004001 bus:AuditExemptWithAccountantsReport 2023-10-01 2024-09-30 10004001 bus:SmallCompaniesRegimeForAccounts 2023-10-01 2024-09-30 10004001 bus:PrivateLimitedCompanyLtd 2023-10-01 2024-09-30 10004001 bus:FullAccounts 2023-10-01 2024-09-30
COMPANY REGISTRATION NUMBER: 10004001
Hillas Group Limited
Filleted Unaudited Financial Statements
30 September 2024
Hillas Group Limited
Statement of Financial Position
30 September 2024
2024
2023
Note
£
£
£
Fixed assets
Investments
4
3,015,000
3,015,001
Current assets
Debtors
5
119
119
Cash at bank and in hand
112
150,112
----
---------
231
150,231
Creditors: amounts falling due within one year
6
2,013,848
2,157,848
------------
------------
Net current liabilities
2,013,617
2,007,617
------------
------------
Total assets less current liabilities
1,001,383
1,007,384
------------
------------
Hillas Group Limited
Statement of Financial Position (continued)
30 September 2024
2024
2023
Note
£
£
£
Capital and reserves
Called up share capital
2,004
2,004
Profit and loss account
999,379
1,005,380
------------
------------
Shareholders funds
1,001,383
1,007,384
------------
------------
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 .
These financial statements were approved by the board of directors and authorised for issue on 16 June 2025 , and are signed on behalf of the board by:
Miss C A A Hillas
Director
Company registration number: 10004001
Hillas Group 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 Otley Mills, Ilkley Road, Otley, West Yorkshire, LS21 1QS, England.
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.
Consolidation
The company has taken advantage of the option not to prepare consolidated financial statements contained in Section 398 of the Companies Act 2006 on the basis that the company and its subsidiary undertakings comprise a small group.
Investments in associates
Investments in associates accounted for in accordance with the cost model are recorded at cost less any accumulated impairment losses. Investments in associates accounted for in accordance with the fair value model are initially recorded at the transaction price. At each reporting date, the investments are measured at fair value, with changes in fair value recognised in other comprehensive income/profit or loss. Where it is impracticable to measure fair value reliably without undue cost or effort, the cost model will be adopted. Dividends and other distributions received from the investment are recognised as income without regard to whether the distributions are from accumulated profits of the associate arising before or after the date of acquisition.
4. Investments
Shares in group undertakings
£
Cost
At 1 October 2023
3,105,000
Disposals
( 90,000)
------------
At 30 September 2024
3,015,000
------------
Impairment
At 1 October 2023
89,999
Disposals
( 89,999)
------------
At 30 September 2024
------------
Carrying amount
At 30 September 2024
3,015,000
------------
At 30 September 2023
3,015,001
------------
5. Debtors
2024
2023
£
£
Amounts owed by group undertakings and undertakings in which the company has a participating interest
119
119
----
----
6. Creditors: amounts falling due within one year
2024
2023
£
£
Amounts owed to group undertakings and undertakings in which the company has a participating interest
727,502
574,357
Other creditors
1,286,346
1,583,491
------------
------------
2,013,848
2,157,848
------------
------------
7. Directors' advances, credits and guarantees
The directors' loan accounts remained in credit throughout the current year. There were no guarantees in the year.
8. Related party transactions
The company was under the control of the directors throughout the current period. No other transactions are required to be disclosed under the Financial Reporting Standard 102.