Hilbre Estates Limited - Accounts to registrar (filleted)

REGISTERED NUMBER: 03939324 (England and Wales)

Financial Statements for the Year Ended 30 October 2024

for

Hilbre Estates Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

S H Roberts

K McKinney

SECRETARY:

S H Roberts

REGISTERED OFFICE:

Shiftworks Royal House

14 Upper Northgate Street

Chester

CH1 4EE

REGISTERED NUMBER:

03939324 (England and Wales)

ACCOUNTANTS:

Cobham Murphy Limited

116 Duke Street

Liverpool

Merseyside

L1 5JW

FIXED ASSETS

Tangible assets

4

1,430

-

Investments

5

3,404,061

2,955,769

Investment property

6

1,391,627

1,945,095

4,797,118

4,900,864

CURRENT ASSETS

Stocks

4,116

43,473

Debtors

7

5,310,359

4,608,850

Cash at bank

267,757

856,854

5,582,232

5,509,177

CREDITORS

Amounts falling due within one year

8

891,559

747,164

NET CURRENT ASSETS

4,690,673

4,762,013

TOTAL ASSETS LESS CURRENT
LIABILITIES

9,487,791

9,662,877

CREDITORS

Amounts falling due after more than one
year

9

(6,667

)

(16,667

)

PROVISIONS FOR LIABILITIES

(79,488

)

(194,446

)

NET ASSETS

9,401,636

9,451,764

CAPITAL AND RESERVES

Called up share capital

3,118

Share premium

1,064,412

Retained earnings

8,334,106

8,384,234

SHAREHOLDERS' FUNDS

9,401,636

9,451,764

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 October 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 October 2024 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:

(a)	ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and

(b)

preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

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

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 30 October 2025 and were signed on its behalf by:

S H Roberts - Director

1.	STATUTORY INFORMATION

Hilbre Estates Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

The presentation currency of the financial statements is the Pound Sterling (£).

2.	ACCOUNTING POLICIES

Basis of preparing the financial statements

These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention as modified by the revaluation of certain assets.

Related party exemption

The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group.

Significant judgements and estimates

There are no judgements (apart from those involving estimates) that have had a significant effect on amounts recognised in the financial statements.

Turnover

Turnover is measured at the fair value of the consideration received for net property sales and management fees excluding value added tax. Property sales are accounted for on exchange of contracts and management fees are accounted for when the service is complete.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Plant and machinery etc

-

33% on cost and 25% on cost

Investments in subsidiaries

Investments in subsidiary undertakings and joint ventures are recognised at cost less any impairment.

Investment property

Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

Stocks

Work in progress is valued at the lower of cost and net realisable value.

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition.

Financial instruments

Bank loans are initially measured at the present value of future payments, discounted at a market rate of interest, and subsequently at amortised cost using the effective interest method.

Directors loans and intercompany loans (being repayable on demand), trade debtors and trade creditors are measured at the undiscounted amount of the cash or other consideration expected to be paid or received.

Financial assets that are measured at amortised cost are assessed at the end of each reporting period for objective evidence of impairment. If objective evidence of impairment is found, an impairment loss is recognised in profit and loss.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Loans receivable

Loans receivable are measured at the undiscounted amount of the cash or other consideration expected to be received.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 4 (2023 - 4 ) .

4.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

Additions

2,012

At 30 October 2024

2,012

DEPRECIATION

Charge for year

582

At 30 October 2024

582

NET BOOK VALUE

At 30 October 2024

1,430

5.	FIXED ASSET INVESTMENTS

Shares in

Interest

group

in joint

undertakings

venture

Totals

£

COST OR VALUATION

At 31 October 2023

663,628

2,292,141

2,955,769

Additions

-

435,982

Revaluations

-

12,310

At 30 October 2024

663,628

2,740,433

3,404,061

NET BOOK VALUE

At 30 October 2024

663,628

2,740,433

3,404,061

At 30 October 2023

663,628

2,292,141

2,955,769

6.	INVESTMENT PROPERTY

Total

£

FAIR VALUE

At 31 October 2023

1,945,095

Additions

270,572

Disposals

(824,040

)

At 30 October 2024

1,391,627

NET BOOK VALUE

At 30 October 2024

1,391,627

At 30 October 2023

1,945,095

7.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30.10.24

30.10.23

£

Trade debtors

1,411,550

32,739

Amounts owed by group undertakings

2,091,594

1,760,708

Other debtors

1,807,215

2,815,403

5,310,359

4,608,850

8.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30.10.24

30.10.23

£

Bank loans and overdrafts

10,000

Trade creditors

53,409

38,841

Taxation and social security

155,604

241,794

Other creditors

672,546

456,529

891,559

747,164

9.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR

30.10.24

30.10.23

£

Bank loans

6,667

16,667

10.	LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:

30.10.24

30.10.23

£

Within one year

10,373

15,782

Between one and five years

1,634

12,007

27,789

11.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

K McKinney, a director, operates a current account with the company to which transactions of a private nature are charged. Included in other debtors as at 30th October 2024 is £126,744 owing from K McKinney. Interest was charged on this loan at a rate of 2.25%.

12.	RELATED PARTY DISCLOSURES

Included in other debtors at 30th October 2024 is £1,465,202 owed from related parties. Included in other at creditors 30th October 2024 is £37,224 owed from related parties. The loans were interest free and repayable on demand.

13.

CHARGES

The companies interest in joint venture properties are secured by a charge of £480,124 with Lloyds Bank.