ACCOUNTS - Final Accounts preparation

Company registration number: 04309091

	UNAUDITED FINANCIAL STATEMENTS
	FOR THE YEAR ENDED 31 DECEMBER 2024

	HILTON BANKS HOLDINGS LIMITED


HILTON BANKS HOLDINGS LIMITED

COMPANY INFORMATION

Directors	R C Banks
	J P Davis
	L A Field
	S M McAleese-Banks


Company secretary	R C Banks


Registered number	04309091


Registered office	HB42 House
	Unit 9, Maple Grove Business Centre
	Lawrence Road
	Hounslow
	Middlesex
	TW4 6DR


Accountants	Menzies LLP
	Chartered Accountants
	2nd Floor, Midas House
	62 Goldsworth Road
	Woking
	Surrey
	GU21 6LQ


Bankers	Barclays Bank plc
	Ranger House
	Walnut Tree Close
	Guildford
	Surrey
	GU1 4UL


HILTON BANKS HOLDINGS LIMITED

CONTENTS

	Page
Statement of Financial Position	1 - 2
Statement of Changes in Equity	3 - 4
Notes to the Financial Statements	5 - 9


HILTON BANKS HOLDINGS LIMITED REGISTERED NUMBER:04309091

STATEMENT OF FINANCIAL POSITION

AS AT 31 DECEMBER 2024

		2024		2023
Note		£		£

Fixed assets
Tangible assets	4		2,266,803		5,394,006
Investment property	5		196,729		806,000
			2,463,532		6,200,006
Current assets
Debtors: amounts falling due within one year	6	549,364		3
Cash at bank and in hand		2,538,160		4,410
		3,087,524		4,413
Creditors: amounts falling due within one year	7	(750,483)		(586,173)
Net current assets/(liabilities)			2,337,041		(581,760)
Total assets less current liabilities			4,800,573		5,618,246
Provisions for liabilities
Deferred tax		(134,881)		(390,395)
			(134,881)		(390,395)
Net assets			4,665,692		5,227,851

Capital and reserves
Called up share capital		3	3
Revaluation reserve	9	-	4,292,775
Profit and loss account	9	4,665,689	935,073
		4,665,692	5,227,851

Page 1


HILTON BANKS HOLDINGS LIMITED REGISTERED NUMBER:04309091

STATEMENT OF FINANCIAL POSITION (CONTINUED)

AS AT 31 DECEMBER 2024

The directors consider that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and in accordance with the provisions of FRS 102 Section 1A - small entities.

The financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The Company has opted not to file the statement of comprehensive income in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf by:

................................................

R C Banks

Director

Date: 17 September 2025

The notes on pages 5 to 9 form part of these financial statements.

Page 2


HILTON BANKS HOLDINGS LIMITED

STATEMENT OF CHANGES IN EQUITY

FOR THE YEAR ENDED 31 DECEMBER 2024

	Called up share capital	Revaluation reserve	Profit and loss account	Total equity
	£	£	£	£
At 1 January 2024	3	4,292,775	935,073	5,227,851
Comprehensive income for the year
Loss for the year	-	-	(532,159)	(532,159)
Surplus on revaluation of leasehold property	-	-	4,292,775	4,292,775
Other comprehensive income for the year	-	-	4,292,775	4,292,775
Total comprehensive income for the year	-	-	3,760,616	3,760,616
Contributions by and distributions to owners
Dividends: Equity capital	-	-	(30,000)	(30,000)
Transfer to/from profit and loss account	-	(4,292,775)	-	(4,292,775)
Total transactions with owners	-	(4,292,775)	(30,000)	(4,322,775)
At 31 December 2024	3	-	4,665,689	4,665,692

The notes on pages 5 to 9 form part of these financial statements.

Page 3


HILTON BANKS HOLDINGS LIMITED

STATEMENT OF CHANGES IN EQUITY

FOR THE YEAR ENDED 31 DECEMBER 2023

	Called up share capital	Revaluation reserve	Profit and loss account	Total equity
	£	£	£	£
At 1 January 2023	3	4,066,575	978,692	5,045,270
Comprehensive income for the year
Loss for the year	-	-	(43,619)	(43,619)
Surplus on revaluation of freehold property	-	226,200	-	226,200
Other comprehensive income for the year	-	226,200	-	226,200
Total comprehensive income for the year	-	226,200	(43,619)	182,581
Total transactions with owners	-	-	-	-
At 31 December 2023	3	4,292,775	935,073	5,227,851

The notes on pages 5 to 9 form part of these financial statements.

Page 4


HILTON BANKS HOLDINGS LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2024

1.	General information

Hilton Banks Holdings Limited is a private company, limited by shares, incorporated in the United Kingdom under the Companies Act 2006 and is registered in England and Wales. The address of its registered office and principal place of business is disclosed on the company information page.

2.Accounting policies

2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with Section 1A of Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006.

The following principal accounting policies have been applied:

2.2

Tangible fixed assets

Tangible fixed assets under the cost model, other than investment properties, are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives.

Depreciation is provided on the following basis:

Freehold property	-	50 years straight line (building element)
Freehold property Improvements	-	25 % reducing balance
Fixtures and fittings	-	25 % reducing balance

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in the Statement of Comprehensive Income.

2.3

Revaluation of tangible fixed assets

Individual freehold and leasehold properties are carried at current year value at fair value at the date of the revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses. Revaluations are undertaken with sufficient regularity to ensure the carrying amount does not differ materially from that which would be determined using fair value at the reporting date.
Fair values are determined from market based evidence normally undertaken by professionally qualified valuers.

Revaluation gains and losses are recognised in other comprehensive income unless losses exceed the previously recognised gains or reflect a clear consumption of economic benefits, in which case the excess losses are recognised in profit or loss.

Page 5


HILTON BANKS HOLDINGS LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2024

2.Accounting policies (continued)

2.4

Investment property

Investment property is carried at the directors' best estimate of fair value determined annually by external indicators of market value and derived from the current market rents and investment property yields for comparable real estate, adjusted if necessary for any difference in the nature, location or condition of the specific asset. No depreciation is provided. Changes in fair value are recognised in the Statement of Comprehensive Income.

2.5

Financial instruments

The Company only enters into basic financial instruments transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors, loans from banks and other third parties, loans to related parties and investments in non-puttable ordinary shares.

2.6

Dividends

Equity dividends are recognised when they become legally payable. Interim equity dividends are recognised when paid. Final equity dividends are recognised when approved by the shareholders at an annual general meeting.

2.7

Provisions for liabilities

Provisions are made where an event has taken place that gives the Company a legal or constructive obligation that probably requires settlement by a transfer of economic benefit, and a reliable estimate can be made of the amount of the obligation.
Provisions are charged as an expense to profit or loss in the year that the Company becomes aware of the obligation, and are measured at the best estimate at the reporting date of the expenditure required to settle the obligation, taking into account relevant risks and uncertainties.
When payments are eventually made, they are charged to the provision carried in the Statement of Financial Position.

Employees

The average monthly number of employees, including directors, during the year was 4 (2023 - 4).

Page 6


HILTON BANKS HOLDINGS LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2024

4.	Tangible fixed assets

	Freehold property	Freehold Improvements	Fixtures and fittings	Total
	£	£	£	£
Cost or valuation
At 1 January 2024	5,394,000	-	865	5,394,865
Additions	2,184,983	103,851	-	2,288,834
Disposals	(5,394,000)	-	(865)	(5,394,865)
At 31 December 2024	2,184,983	103,851	-	2,288,834
Depreciation
At 1 January 2024	-	-	859	859
Charge for the year on owned assets	12,746	9,285	-	22,031
Disposals	-	-	(859)	(859)
At 31 December 2024	12,746	9,285	-	22,031
Net book value
At 31 December 2024	2,172,237	94,566	-	2,266,803
At 31 December 2023	5,394,000	-	6	5,394,006

5.	Investment property

		Freehold investment property
		£
	Valuation
	At 1 January 2024	806,000
	Additions at cost	196,729
	Disposals	(806,000)
	At 31 December 2024	196,729

Page 7


HILTON BANKS HOLDINGS LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2024

Debtors

					2024	2023
					£	£


Amounts owed by group undertakings	494,676	-
Other debtors	42,538	3
Tax recoverable	12,150	-
	549,364	3

7.	Creditors: Amounts falling due within one year
		2024	2023
		£	£

Corporation tax	746,333	-
Other taxation and social security	-	1,033
Other creditors	2,500	584,368
Accruals and deferred income	1,650	772
	750,483	586,173

8.	Related party transactions
	During the year the following transactions with a director took place:
		31.12.2023	Advances	Repaid	Carried forward
		£	£	£	£

R C Banks	(181,623)	-	217,885	36,262
J P Davis	(199,623)	-	199,623
L A Field	(199,623)	-	199,623
Total	(580,869)	-	617,131	36,262

The above directors loan is held within other debtors balance as per note 6. (2023: other creditors as per note 7). Interest of £262 was charged on the loan balance due from R C Banks at a rate of 2.25% (2023 £Nil).

Page 8


HILTON BANKS HOLDINGS LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2024

Reserves

Profit and loss account

This reserve includes all current and prior period retained profits and losses.

Page 9