Registered number
SC538973
HILLHOUSE TRADERS LIMITED
Filleted Accounts
30 November 2024
HILLHOUSE TRADERS LIMITED
Registered number: SC538973
Balance Sheet
as at 30 November 2024
Notes 2024 2023
£ £
Fixed assets
Tangible assets 4 4,800 5,333
4,800 5,333
Current assets
Stocks 3,158 3,925
Cash at bank and in hand 4,148 3,437
7,306 7,362
Creditors: amounts falling due within one year 5 (3,787) (5,439)
Net current assets 3,519 1,923
Total assets less current liabilities 8,319 7,256
Net assets 8,319 7,256
Capital and reserves
Called up share capital 100 100
Profit and loss account 8,219 7,156
Shareholder's funds 8,319 7,256
The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The member has not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
MOHAMMED TAHIR MOBEEN
Director
Approved by the board on 25 June 2025
HILLHOUSE TRADERS LIMITED
Notes to the Accounts
for the year ended 30 November 2024
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services.
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets AT 10% Reducing value.
Stocks
Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first in first out method. The carrying amount of stock sold is recognised as an expense in the period in which the related revenue is recognised.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period.
Pensions
Contributions to defined contribution plans are expensed in the period to which they relate.
2 Employees 2024 2023
Number Number
Average number of persons employed by the company 3 3
3 Tangible fixed assets
Fixtures & Fittings Total
£ £
Cost
At 1 December 2023 11,150 11,150
Additions - -
Surplus on revaluation - -
Disposals - -
At 30 November 2024 11,150 11,150
Depreciation
At 1 December 2023 5,817 5,817
Charge for the year 533 533
Surplus on revaluation - -
On disposals - -
At 30 November 2024 6,350 6,350
Net book value
At 30 November 2024 4,800 4,800
At 30 November 2023 5,333 5,333
Freehold land and buildings: 2024 2023
£ £
Historical cost - -
Cumulative depreciation based on historical cost - -
- -
[For revalued assets, state the years in which the assets were valued and their values. For assets revalued during the reporting period, state the names of the persons who revalued them or particulars of their qualifications for doing so and the bases of valuation used by them.]
4 Creditors: amounts falling due within one year 2024 2023
£ £
Amounts owed to group undertakings and undertakings in which the company has a participating interest - 1,326
Taxation and social security costs 2,116 442
Other creditors 1,671 3,671
3,787 5,439
5 Other information
HILLHOUSE TRADERS LIMITED is a private company limited by shares and incorporated in Scotland. Its registered office is:
UNIT 5
72 HILLHOUSE ROAD
HAMILTON
ML3 9TB
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