REGISTERED NUMBER: 03759479 (England and Wales)

HILLVIEW LEISURE LIMITED

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2025

Page

Company Information

1

Statement of Financial Position

2

Notes to the Financial Statements

4

Chartered Accountants' Report

9

DIRECTORS:

Mr K R Palmer

Mrs H Palmer

SECRETARY:

Mrs H Palmer

REGISTERED OFFICE:

Hill View Lake

Skegness Road, Hogsthorpe

Skegness

Lincolnshire

PE24 5NR

REGISTERED NUMBER:

03759479 (England and Wales)

ACCOUNTANTS:

Insight For Knowledge Limited

Acorn House

Church Lane

Croft

Skegness

Lincolnshire

PE24 4RW

FIXED ASSETS

Intangible assets

4

-

-

Tangible assets

5

1,366,287

1,389,787

Investments

6

100

100

1,366,387

1,389,887

CURRENT ASSETS

Stocks

435,615

537,996

Debtors

7

39,315

59,050

Cash at bank and in hand

501,554

217,805

976,484

814,851

CREDITORS

Amounts falling due within one year

8

464,779

373,698

NET CURRENT ASSETS

511,705

441,153

TOTAL ASSETS LESS CURRENT LIABILITIES

1,878,092

1,831,040

CREDITORS

Amounts falling due after more than one year

9

(1,667

)

(11,915

)

PROVISIONS FOR LIABILITIES

(43,564

)

(34,642

)

NET ASSETS

1,832,861

1,784,483

CAPITAL AND RESERVES

Called up share capital

11

1,560

1,560

Retained earnings

1,831,301

1,782,923

SHAREHOLDERS' FUNDS

1,832,861

1,784,483

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2025 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 6 November 2025 and were signed on its behalf by:

Mr K R Palmer - Director

Mrs H Palmer - Director

1.	STATUTORY INFORMATION

Hillview Leisure 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.

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.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Goodwill

Goodwill, being the amount paid in connection with the acquisition of a business in 0, is being amortised evenly over its estimated useful life of five years.

Intangible assets

Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

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

-

20% on reducing balance

Fixtures and fittings

-

20% on cost

Motor vehicles

-

25% on reducing balance

Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

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 statement of financial position date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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.

Pension costs and other post-retirement benefits

The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 5 (2024 - 5 ) .

4.	INTANGIBLE FIXED ASSETS

Goodwill

£

COST

At 1 April 2024

and 31 March 2025

5,000

AMORTISATION

At 1 April 2024

and 31 March 2025

5,000

NET BOOK VALUE

At 31 March 2025

-

At 31 March 2024

-

5.	TANGIBLE FIXED ASSETS

Plant and

Land and

machinery

buildings

etc

Totals

£

£

£

COST

At 1 April 2024

1,348,451

619,067

1,967,518

Additions

1,114

41,541

42,655

At 31 March 2025

1,349,565

660,608

2,010,173

DEPRECIATION

At 1 April 2024

131,871

445,860

577,731

Charge for year

17,666

48,489

66,155

At 31 March 2025

149,537

494,349

643,886

NET BOOK VALUE

At 31 March 2025

1,200,028

166,259

1,366,287

At 31 March 2024

1,216,580

173,207

1,389,787

6.	FIXED ASSET INVESTMENTS

Other

investments

£

COST

At 1 April 2024

and 31 March 2025

100

NET BOOK VALUE

At 31 March 2025

100

At 31 March 2024

100

7.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade debtors

26,351

34,974

Other debtors

12,964

24,076

39,315

59,050

8.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Bank loans and overdrafts

10,000

9,751

Trade creditors

29,148

14,125

Amounts owed to group undertakings

100

100

Taxation and social security

101,669

76,853

Other creditors

323,862

272,869

464,779

373,698

9.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2025

2024

£

£

Bank loans

1,667

11,915

10.	SECURED DEBTS

The following secured debts are included within creditors:

2025

2024

£

£

Bank loans

11,667

21,666

11.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2025

2024

value:

£

£

100

Ordinary

1

1,560

1,560

12.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 31 March 2025 and 31 March 2024:

2025

2024

£

£

Mr K R Palmer

Balance outstanding at start of year

21,252

41,056

Amounts advanced

80,000

181,460

Amounts repaid

(89,000

)

(201,264

)

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

12,252

21,252

Mrs H Palmer

Balance outstanding at start of year

-

-

Amounts advanced

80,000

-

Amounts repaid

(81,500

)

-

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

(1,500

)

-

The following reproduces the text of the report prepared for the directors in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Statement of Financial Position. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Directors are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Hillview Leisure Limited for the year ended 31 March 2025 which comprise the Income Statement, Statement of Financial Position, Statement of Changes in Equity and the related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the Board of Directors of Hillview Leisure Limited, as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Hillview Leisure Limited and state those matters that we have agreed to state to the Board of Directors of Hillview Leisure Limited, as a body, in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Hillview Leisure Limited and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that Hillview Leisure Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Hillview Leisure Limited. You consider that Hillview Leisure Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of Hillview Leisure Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.

Insight For Knowledge Limited

Acorn House

Church Lane

Croft

Skegness

Lincolnshire

PE24 4RW

6 November 2025