| Registered number: 01744715 | ||||||||
| FOR THE YEAR ENDED 31 DECEMBER 2024 | ||||||||
| Prepared By: | ||||||||
| Reed-Ransted | ||||||||
| Chartered Accountants | ||||||||
| 2 Burhill Grove | ||||||||
| Pinner | ||||||||
| Middlesex | ||||||||
| HA5 3DW | ||||||||
| HILLSPAR ESTATES LIMITED | ||||||||
| ACCOUNTS | ||||||||
| FOR THE YEAR ENDED 31 DECEMBER 2024 | ||||||||
| DIRECTORS | ||||||||
| REGISTERED OFFICE | ||||||||
| Middlesex | ||||||||
| COMPANY DETAILS | ||||||||
| Private company limited by shares registered in EW - England and Wales, registered number 01744715 | ||||||||
| PLACE OF BUSINESS | ||||||||
| 726 Field End Road, South Ruislip, HA4 0QP | ||||||||
| ACCOUNTANTS | ||||||||
| Reed-Ransted | ||||||||
| Chartered Accountants | ||||||||
| 2 Burhill Grove | ||||||||
| Pinner | ||||||||
| Middlesex | ||||||||
| HA5 3DW | ||||||||
| HILLSPAR ESTATES LIMITED | ||||||||
| ACCOUNTS | ||||||||
| FOR THEYEARENDED31 DECEMBER 2024 | ||||||||
| CONTENTS | ||||||||
| Page | ||||||||
| Directors' Report | - | |||||||
| Accountants' Report | - | |||||||
| Statement Of Comprehensive Income | - | |||||||
| Balance Sheet | 3 | |||||||
| Notes To The Accounts | 4 | |||||||
| The following do not form part of the statutory financial statements: | ||||||||
| Trading And Profit And Loss Account | - | |||||||
| Profit And Loss Account Summaries | - | |||||||
| HILLSPAR ESTATES LIMITED | ||||||||
| BALANCE SHEET AT | ||||||||||
| Registered number: 01744715 | ||||||||||
| 2024 | 2023 | |||||||||
| Notes | £ | £ | ||||||||
| FIXED ASSETS | ||||||||||
| Tangible assets | 2 | |||||||||
| Investment Assets | 3 | |||||||||
| CURRENT ASSETS | ||||||||||
| Debtors | 4 | |||||||||
| Cash at bank and in hand | ||||||||||
| 4,175,579 | 3,958,683 | |||||||||
| CREDITORS: Amounts falling due within one year | 5 | |||||||||
| NET CURRENT ASSETS | 3,620,147 | |||||||||
| TOTAL ASSETS LESS CURRENT LIABILITIES | ||||||||||
| PROVISIONS FOR LIABILITIES AND CHARGES | 7 | |||||||||
| NET ASSETS | ||||||||||
| CAPITAL AND RESERVES | ||||||||||
| Called up share capital | 8 | |||||||||
| Fair value reserve | 1e,9 | 1,955,148 | 1,955,148 | |||||||
| Profit and loss account | 4,444,297 | 4,246,073 | ||||||||
| SHAREHOLDERS' FUNDS | ||||||||||
| Approved by the board on | ||||||||||
| ............................. | ||||||||||
| Director | ||||||||||
| HILLSPAR ESTATES LIMITED | ||||||||
| NOTES TO THE ACCOUNTS | ||||||||||
| FOR THE YEAR ENDED 31 DECEMBER 2024 | ||||||||||
| 1. ACCOUNTING POLICIES |
| 1a. Basis Of Accounting FRS 1021 a | ||||||||
| The accounts have been prepared under the historical cost convention. | ||||||||
| The accounts have been prepared in accordance with FRS102 section 1A - The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006. | ||||||||
| The company is exempt from preparing group accounts as it is a small group. | ||||||||
| 1b. Depreciation | ||||||||
| Fixtures and Fittings | reducing balance 10% | |||||||
| Motor Cars | reducing balance 25% | |||||||
| 1c. Investment Properties | ||||||||
| Investment properties are included in the financial statements at open market value. No depreciation is provided on such property in compliance with the Financial Reporting Standard for Smaller Entities. This departure from Companies Act requirements is necessary to show a true and fair view. | ||||||||
| 1d. Investments | ||||||||
| Fixed asset investments are shown at cost less amounts written off. | ||||||||
| Provisions are made for permanent fluctuations in value. | ||||||||
| 1e. Revaluation Reserve | ||||||||
| Surpluses or deficits arising on the revaluation of individual fixed assets other than investment properties are credited or debited to a non-distributible reserve known as the revaluation reserve (see also note 9). | ||||||||
| Revaluation deficits in excess of the amount of prior revaluation surpluses on the same asset are charged to the profit and loss account. | ||||||||
| HILLSPAR ESTATES LIMITED | ||||||||
| 2. TANGIBLE FIXED ASSETS | ||||||
| Fixtures | ||||||
| and Fittings | Motor Cars | Total | ||||
| £ | £ | £ | ||||
| Cost | ||||||
| At 1 January 2024 | 19,567 | 13,295 | 32,862 | |||
| At 31 December 2024 | 19,567 | 13,295 | 32,862 | |||
| Depreciation | ||||||
| At 1 January 2024 | 19,077 | 7,687 | 26,764 | |||
| For the year | 49 | 1,402 | 1,451 | |||
| At 31 December 2024 | 19,126 | 9,089 | 28,215 | |||
| Net Book Amounts | ||||||
| At 31 December 2024 | 4,647 | |||||
| At 31 December 2023 | 6,098 | |||||
| 3. FiNANCIAL ASSETS | |||||||||
| Shares in group companies | |||||||||
| and participating interests | Total | ||||||||
| £ | £ | ||||||||
| Cost | |||||||||
| At 1 January 2024 | 76 | 76 | |||||||
| At 31 December 2024 | 76 | 76 | |||||||
| Amortisation | |||||||||
| Net Book Amounts | |||||||||
| At 31 December 2024 | 76 | 76 | |||||||
| At 31 December 2023 | 76 | 76 | |||||||
| HILLSPAR ESTATES LIMITED | ||||||||
| 4. DEBTORS | 2024 | 2023 | ||||||
| £ | £ | |||||||
| Amounts falling due within one year | ||||||||
| Trade debtors | - | 9,000 | ||||||
| Prepayments | 18,484 | 17,552 | ||||||
| 18,484 | 26,552 | |||||||
| 5. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR | ||||||||
| 2024 | 2023 | |||||||
| £ | £ | |||||||
| UK corporation tax | 65,981 | 43,970 | ||||||
| VAT | 10,141 | 10,199 | ||||||
| PAYE control | - | 348 | ||||||
| Directors current account | 194,250 | 194,250 | ||||||
| Trade creditors | 886 | 5,320 | ||||||
| Other creditors | 37,124 | 37,124 | ||||||
| Accruals | 47,375 | 47,325 | ||||||
| 355,757 | 338,536 | |||||||
| The directors current account is interest free. | ||||||||
| 6. EMPLOYEES | ||||||
| 2024 | 2023 | |||||
| No. | No. | |||||
| Average number of employees | 1 | |||||
| 7. PROVISIONS FOR LIABILITIES | 2024 | 2023 | ||||||
| £ | £ | |||||||
| Deferred taxation | 275,000 | 275,000 | ||||||
| 275,000 | 275,000 | |||||||
| HILLSPAR ESTATES LIMITED | ||||||||
| 8. SHARE CAPITAL | 2024 | 2023 | ||||||
| £ | £ | |||||||
| Allotted, issued and fully paid: | ||||||||
| 100 | 100 | |||||||
| 100 | 100 | |||||||
| 9. FAIR VALUE RESERVE | 2024 | 2023 | ||||||
| £ | £ | |||||||
| Fair value reserve | 1,955,148 | 2,021,148 | ||||||
| Transfer revenue reserve | - | (66,000) | ||||||
| 1,955,148 | 1,955,148 | |||||||
| The fair value reserve relates to the revaluation of investment properties to market value. | ||||||||
| 10. OTHER FINANCIAL COMMITMENTS | ||||||||
| At 31 December 2024 the company was committed to making the following payments under non-cancellable operating leases: | ||||||||
| 2024 | 2023 | |||||||
| £ | £ | |||||||
| Operating Leases which expire: | ||||||||
| Within two to five years | 18,000 | 18,000 | ||||||
| 11. CONTROLLING PARTY | ||||||||
| The company is controlled by Mrs M Spark. | ||||||||
| 12. SUBSIDIARY COMPANIES | ||||||||
| As the company is subject to the small companies regime, group accounts have not been prepared. | ||||||||
| The subsidiary undertakings of the company were: | ||||||||
| Motor-Inn Limited | Share class: Ordinary | % owned: 76% | Principal activity: Motor vehicle repair | |||||