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Company Registration No. 11019259 (England and Wales)
Hillcrest Nottingham Ltd Unaudited accounts for the year ended 31 March 2025
Hillcrest Nottingham Ltd Unaudited accounts Contents
Page
Company information
3
Statement of financial position
4
Notes to the accounts
5
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Hillcrest Nottingham Ltd Company Information for the year ended 31 March 2025
Directors
Gurmit Singh Landa Asha Kaur Landa
Company Number
11019259 (England and Wales)
Registered Office
326-330 Hucknall Road Sherwood Nottingham Nottinghamshire NG5 1FS ENGLAND
Accountants
Net Accountancy Solutions Limited 12 Harles Acres Hickling Melton Mowbray LEICESTERSHIRE LE14 3AF
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Hillcrest Nottingham Ltd Statement of financial position as at 31 March 2025
2025
2024
Notes
£
£
Fixed assets
Tangible assets
4
13,685
5,235
Investment property
5
4,857,460
4,575,425
4,871,145
4,580,660
Current assets
Debtors
6
38,462
1,990
Cash at bank and in hand
35,411
49,315
73,873
51,305
Creditors: amounts falling due within one year
7
(1,479,914)
(796,198)
Net current liabilities
(1,406,041)
(744,893)
Total assets less current liabilities
3,465,104
3,835,767
Creditors: amounts falling due after more than one year
8
(929,754)
(1,322,282)
Net assets
2,535,350
2,513,485
Capital and reserves
Called up share capital
100
100
Share premium
2,220,031
2,220,031
Profit and loss account
315,219
293,354
Shareholders' funds
2,535,350
2,513,485
For the year ending 31 March 2025 the company was entitled to exemption from audit 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 and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 28 October 2025 and were signed on its behalf by
Gurmit Singh Landa Director Company Registration No. 11019259
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Hillcrest Nottingham Ltd Notes to the Accounts for the year ended 31 March 2025
1
Statutory information
Hillcrest Nottingham Ltd is a private company, limited by shares, registered in England and Wales, registration number 11019259. The registered office is 326-330 Hucknall Road, Sherwood, Nottingham, Nottinghamshire, NG5 1FS, ENGLAND.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Investment property
Investment property is property held to earn rentals and/or for capital appreciation. Investment property is initially measured at cost, which includes the purchase cost and directly attributable expenditure. Subsequently investment properties whose fair value can be measured reliably without undue cost or effort on an on-going basis are measured at fair value at the reporting date. The surplus or deficit on revaluation is recognised in profit or loss in the period in which they arise.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Fixtures & fittings
25% reducing balance
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Hillcrest Nottingham Ltd Notes to the Accounts for the year ended 31 March 2025
4
Tangible fixed assets
Fixtures & fittings
£
Cost or valuation
At cost
At 1 April 2024
12,338
Additions
13,108
At 31 March 2025
25,446
Depreciation
At 1 April 2024
7,103
Charge for the year
4,658
At 31 March 2025
11,761
Net book value
At 31 March 2025
13,685
At 31 March 2024
5,235
5
Investment property
2025
£
Fair value at 1 April 2024
4,575,425
Additions
282,035
At 31 March 2025
4,857,460
The investment property has been measured at fair value, which is the open market value of the property. The fair value was arrived at by a fully qualified chartered surveyor. The fair value adjustment has been taken through the profit & loss account.
6
Debtors
2025
2024
£
£
Amounts falling due within one year
Trade debtors
32,282
(110)
Other debtors
6,180
2,100
38,462
1,990
7
Creditors: amounts falling due within one year
2025
2024
£
£
Bank loans and overdrafts
740,075
439,523
Trade creditors
49,010
47,873
Taxes and social security
(852)
2,128
Other creditors
530,481
234,025
Loans from directors
161,200
72,649
1,479,914
796,198
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Hillcrest Nottingham Ltd Notes to the Accounts for the year ended 31 March 2025
8
Creditors: amounts falling due after more than one year
2025
2024
£
£
Bank loans
929,754
1,322,282
The company has allowed a floating charge over the company's assets in favour of Handelsbanken, including the investment properties with a carrying amount of £4,869,710 (2024: £4,575,425), as security for the bank loan.
9
Transactions with related parties
9. Included in 'other creditors' is an amount of £183,467 (2024: £53,467) owed to A K Property Portfolio LLP, a partnership where director G S Landa is the managing partner. 'Other creditors' also includes an amount of £237,110 (2024: £75,000) owed to the family trust which has financed residential building work done by the company. Finally loans totalling £75,531 (2024: £75,531) are owed to various family members. These amounts are interest free and repayable on demand.
10
Average number of employees
During the year the average number of employees was 0 (2024: 0).
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