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Registered number: 01744715
HILLSPAR ESTATES LIMITED
ACCOUNTS
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
Mrs ML Spark
REGISTERED OFFICE
2 Burhill Grove
Pinner
Middlesex
HA5 3DW
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 Sheet3
Notes To The Accounts4
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 AT31 December 2024
Registered number: 01744715
20242023
Notes££
FIXED ASSETS
Tangible assets22,854,6472,856,098
Investment Assets37676
2,854,7232,856,174
CURRENT ASSETS
Debtors418,48426,552
Cash at bank and in hand4,157,0953,932,131
4,175,5793,958,683
CREDITORS: Amounts falling due within one year5355,757338,536
NET CURRENT ASSETS3,819,8223,620,147
TOTAL ASSETS LESS CURRENT LIABILITIES6,674,5456,476,321
PROVISIONS FOR LIABILITIES AND CHARGES7275,000275,000
NET ASSETS6,399,5456,201,321
CAPITAL AND RESERVES
Called up share capital8100100
Fair value reserve1e,91,955,1481,955,148
Profit and loss account4,444,2974,246,073
SHAREHOLDERS' FUNDS6,399,5456,201,321
For the year ending 31 December 2024 the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies.
The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
The directors have decided not to deliver to the registrar a copy of the company's profit and loss account.
Approved by the board on23 July 2025and signed on their behalf by
.............................
Mrs ML Spark
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
Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives.
Fixtures and Fittingsreducing balance 10%
Motor Carsreducing 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 FittingsMotor CarsTotal
£££
Cost
At 1 January 202419,56713,29532,862
At 31 December 202419,56713,29532,862
Depreciation
At 1 January 202419,0777,68726,764
For the year491,4021,451
At 31 December 202419,1269,08928,215
Net Book Amounts
At 31 December 20244414,2064,647
At 31 December 20234905,6086,098
3. FiNANCIAL ASSETS
Shares in group companies
and participating interestsTotal
££
Cost
At 1 January 20247676
At 31 December 20247676
Amortisation
Net Book Amounts
At 31 December 20247676
At 31 December 20237676
HILLSPAR ESTATES LIMITED
4. DEBTORS 20242023
££
Amounts falling due within one year
Trade debtors-9,000
Prepayments18,48417,552
18,48426,552
5. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
20242023
££
UK corporation tax65,98143,970
VAT10,14110,199
PAYE control-348
Directors current account194,250194,250
Trade creditors8865,320
Other creditors37,12437,124
Accruals47,37547,325
355,757338,536
The directors current account is interest free.
6. EMPLOYEES
20242023
No.No.
Average number of employees11
7. PROVISIONS FOR LIABILITIES 20242023
££
Deferred taxation275,000275,000
275,000275,000
HILLSPAR ESTATES LIMITED
8. SHARE CAPITAL 20242023
££
Allotted, issued and fully paid:
100 Ordinary shares of £1 each100100
100100
9. FAIR VALUE RESERVE 20242023
££
Fair value reserve1,955,1482,021,148
Transfer revenue reserve-(66,000)
1,955,1481,955,148
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:
20242023
££
Operating Leases which expire:
Within two to five years18,00018,000
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 LimitedShare class: Ordinary% owned: 76%Principal activity: Motor vehicle repair