IRIS Accounts Production v25.1.3.33 14695934 Board of Directors 29.2.24 28.2.25 28.2.25 false true false false true false Fair value model Ordinary 1.00000 iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh146959342024-02-28146959342025-02-28146959342024-02-292025-02-28146959342023-02-27146959342023-02-282024-02-28146959342024-02-2814695934ns15:EnglandWales2024-02-292025-02-2814695934ns14:PoundSterling2024-02-292025-02-2814695934ns10:Director12024-02-292025-02-2814695934ns10:PrivateLimitedCompanyLtd2024-02-292025-02-2814695934ns10:SmallEntities2024-02-292025-02-2814695934ns10:AuditExempt-NoAccountantsReport2024-02-292025-02-2814695934ns10:SmallCompaniesRegimeForDirectorsReport2024-02-292025-02-2814695934ns10:SmallCompaniesRegimeForAccounts2024-02-292025-02-2814695934ns10:FullAccounts2024-02-292025-02-2814695934ns10:OrdinaryShareClass12024-02-292025-02-2814695934ns10:Director22024-02-292025-02-2814695934ns10:RegisteredOffice2024-02-292025-02-2814695934ns5:CurrentFinancialInstruments2025-02-2814695934ns5:CurrentFinancialInstruments2024-02-2814695934ns5:Non-currentFinancialInstruments2025-02-2814695934ns5:Non-currentFinancialInstruments2024-02-2814695934ns5:ShareCapital2025-02-2814695934ns5:ShareCapital2024-02-2814695934ns5:RevaluationReserve2025-02-2814695934ns5:RevaluationReserve2024-02-2814695934ns5:RetainedEarningsAccumulatedLosses2025-02-2814695934ns5:RetainedEarningsAccumulatedLosses2024-02-2814695934ns5:CurrentFinancialInstrumentsns5:WithinOneYear2025-02-2814695934ns5:CurrentFinancialInstrumentsns5:WithinOneYear2024-02-2814695934ns5:Secured2025-02-2814695934ns5:Secured2024-02-2814695934ns10:OrdinaryShareClass12025-02-2814695934ns5:RevaluationReserve2024-02-28
REGISTERED NUMBER: 14695934 (England and Wales)















Unaudited Financial Statements for the Year Ended 28 February 2025

for

HILLMAN PROPERTY LIMITED

HILLMAN PROPERTY LIMITED (REGISTERED NUMBER: 14695934)






Contents of the Financial Statements
for the year ended 28 February 2025




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


HILLMAN PROPERTY LIMITED

Company Information
for the year ended 28 February 2025







DIRECTORS: J G Hillman
C E Hillman





REGISTERED OFFICE: Preston Park House
South Road
Brighton
BN1 6SB





REGISTERED NUMBER: 14695934 (England and Wales)





ACCOUNTANTS: Plus Accounting
Chartered Accountants
Preston Park House
South Road
Brighton
East Sussex
BN1 6SB

HILLMAN PROPERTY LIMITED (REGISTERED NUMBER: 14695934)

Balance Sheet
28 February 2025

2025 2024
Notes £ £
FIXED ASSETS
Investment property 4 330,000 300,000

CURRENT ASSETS
Debtors 5 206 394
Cash at bank 145 1,920
351 2,314
CREDITORS
Amounts falling due within one year 6 (116,738 ) (119,314 )
NET CURRENT LIABILITIES (116,387 ) (117,000 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

213,613

183,000

CREDITORS
Amounts falling due after more than one
year

7

(210,635

)

(210,635

)
NET ASSETS/(LIABILITIES) 2,978 (27,635 )

CAPITAL AND RESERVES
Called up share capital 9 2 2
Revaluation reserve 10 20,458 (9,542 )
Retained earnings (17,482 ) (18,095 )
SHAREHOLDERS' FUNDS 2,978 (27,635 )

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 28 February 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 28 February 2025 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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.

HILLMAN PROPERTY LIMITED (REGISTERED NUMBER: 14695934)

Balance Sheet - continued
28 February 2025


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 Board of Directors and authorised for issue on 21 July 2025 and were signed on its behalf by:





C E Hillman - Director


HILLMAN PROPERTY LIMITED (REGISTERED NUMBER: 14695934)

Notes to the Financial Statements
for the year ended 28 February 2025

1. STATUTORY INFORMATION

Hillman Property 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.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Turnover represents invoiced rental income receivable and is recognised on an accruals basis.

Investment property
Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

Investment properties for which fair value can be measured reliably without undue cost or effort are measured at fair value at each reporting date with changes in fair value recognised in profit or loss. Deferred taxation is provided on these gains at the rate expected to apply when the property is sold.

The methods and significant assumptions used to ascertain the fair value at the balance sheet date and fair value movement included in the profit for the year are as follows:

The properties have been valued using an open market valuation by, Claire Hillman the director.

Financial instruments
Financial liabilities, financial assets and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the entity after deducting all of its financial liabilities.

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 balance sheet date.

Impairment policy
At each balance sheet date, the company reviews the carrying amount of its assets to determine whether there is any indication that any items have suffered an impairment loss. If any such indication exists, the recoverable amount of an asset is estimated in order to determine the extent of the impairment loss, if any.

HILLMAN PROPERTY LIMITED (REGISTERED NUMBER: 14695934)

Notes to the Financial Statements - continued
for the year ended 28 February 2025

2. ACCOUNTING POLICIES - continued

Going concern
The directors have a reasonable expectation that the company has adequate resources to continue in existence for the foreseeable future. The company therefore continues to adopt the going concern basis in preparing its financial statements.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2024 - 2 ) .

4. INVESTMENT PROPERTY
Total
£
FAIR VALUE
At 29 February 2024 300,000
Revaluations 30,000
At 28 February 2025 330,000
NET BOOK VALUE
At 28 February 2025 330,000
At 28 February 2024 300,000

Fair value at 28 February 2025 is represented by:
£
Valuation in 2024 (9,542 )
Valuation in 2025 30,000
Cost 309,542
330,000

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2025 2024
£ £
Other debtors 206 394

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2025 2024
£ £
Trade creditors 360 -
Other creditors 116,378 119,314
116,738 119,314

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2025 2024
£ £
Bank loans 210,635 210,635

HILLMAN PROPERTY LIMITED (REGISTERED NUMBER: 14695934)

Notes to the Financial Statements - continued
for the year ended 28 February 2025

8. SECURED DEBTS

The following secured debts are included within creditors:

2025 2024
£ £
Bank loans 210,635 210,635

Landbay Partners Limited hold a fixed charge and negative pledge over the property 263 Chichester Road, Bognor Regis, PO21 5AH.

9. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2025 2024
value: £ £
2 Ordinary £1 2 2

10. RESERVES
Revaluation
reserve
£
At 29 February 2024 (9,542 )
Transfers 30,000

At 28 February 2025 20,458