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REGISTERED NUMBER: 03143503 (England and Wales)
















HILL PILING LIMITED

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2024






HILL PILING LIMITED (REGISTERED NUMBER: 03143503)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024




Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 3


HILL PILING LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 DECEMBER 2024







DIRECTOR: I. Drury





SECRETARY: Mrs J. Hallel





REGISTERED OFFICE: 21 Lodge Lane
Grays
Essex
RM17 5RY





BUSINESS ADDRESS: Unit 1 Springfield Industrial Estate
Springfield Road
Burnham-on-Crouch
Essex
CM0 8UA





REGISTERED NUMBER: 03143503 (England and Wales)





ACCOUNTANTS: CR Bland Baker Limited
Chartered Accountants
21 Lodge Lane
Grays
Essex
RM17 5RY

HILL PILING LIMITED (REGISTERED NUMBER: 03143503)

STATEMENT OF FINANCIAL POSITION
31 DECEMBER 2024

2024 2023
Notes £    £   
FIXED ASSETS
Tangible assets 4 830,000 241,848
TOTAL ASSETS LESS CURRENT
LIABILITIES

830,000

241,848

PROVISIONS FOR LIABILITIES 114,782 -
NET ASSETS 715,218 241,848

CAPITAL AND RESERVES
Called up share capital 100 100
Revaluation reserve 489,333 -
Retained earnings 225,785 241,748
SHAREHOLDERS' FUNDS 715,218 241,848

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 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 30 May 2025 and were signed by:





I. Drury - Director


HILL PILING LIMITED (REGISTERED NUMBER: 03143503)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024

1. STATUTORY INFORMATION

Hill Piling 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.

The presentation currency of the financial statements is the Pound Sterling (£).


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 as modified by the revaluation of certain assets.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Long leasehold - Straight line over 52 years

Leasehold land and buildings are measured using the revaluation model. These assets are stated at fair value at the date of the latest valuation less subsequent accumulated depreciation and any impairment losses, where applicable. Revaluations are performed with sufficient regularity such that the carrying amount does not differ materially from that which would be determined using fair values at the end of reporting period.

Any revaluation surplus is recognised in other comprehensive income, net of the related tax impact, and accumulated in revaluation reserve, or in profit or loss if it reverses a downwards revaluation previously recognised in profit or loss. Such reversal is recorded in profit or loss. A revaluation deficit is recognised in other comprehensive income, net of the related tax impact, to the extent that it offsets an existing surplus on the same asset with any excess recognised in profit or loss.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the statement of financial position date.


HILL PILING LIMITED (REGISTERED NUMBER: 03143503)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2024

2. ACCOUNTING POLICIES - continued
Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

3. EMPLOYEES AND DIRECTORS

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

4. TANGIBLE FIXED ASSETS
Land and
buildings
£   
COST OR VALUATION
At 1 January 2024 341,901
Revaluations 604,115
At 31 December 2024 946,016
DEPRECIATION
At 1 January 2024 100,053
Charge for year 15,963
At 31 December 2024 116,016
NET BOOK VALUE
At 31 December 2024 830,000
At 31 December 2023 241,848

Cost or valuation at 31 December 2024 is represented by:

Plant and
Land and machinery
buildings etc Totals
£    £    £   
Valuation in 2024 604,115 - 604,115
Cost 341,901 - 341,901
946,016 - 946,016

HILL PILING LIMITED (REGISTERED NUMBER: 03143503)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2024

4. TANGIBLE FIXED ASSETS - continued

If leasehold land and buildings had not been revalued they would have been included at the following historical cost:

2024 2023
£    £   
Cost 341,901 341,901
Aggregate depreciation 106,629 100,053

Leasehold land and buildings were valued on an open market basis on 11 March 2025 by Glenny LLP .

5. CONTINGENT LIABILITIES

The following group and associated companies have entered into a Composite Accounting Agreement. Each participating company has provided a guarantee to the Bank. Under the terms of the agreement the Bank is authorised to allow set-off for interest purposes and in certain circumstances to seize credit balances and apply them in reduction of liabilities including debit balances within the Composite Accounting System.

R.W.Hill (Piling) Limited
R.W.Hill (Felixstowe) Limited
Hill Piling Limited
Pinch Group Limited
Hill Properties (Essex) Limited

6. RELATED PARTY DISCLOSURES

Ultimate controlling party
The company is a wholly owned subsidiary of The Hill Group (1985) Limited whose registered office is at 21 Lodge Lane, Grays, Essex RM17 5RY.

85% of that company's shares are held by I. Drury.