Registration number: 15042512

Hillswood Developments Ltd

Contents

Company Information	1
Statement of Financial Position	2
Notes to the Unaudited Financial Statements	3 to 5

Hillswood Developments Ltd

Company Information

Director

J H Crehan

Registered office

130 Shaftesbury Avenue 2nd Floor London W1D 5EU

Accountants

Brebners Chartered Accountants 130 Shaftesbury Avenue London W1D 5AR

Hillswood Developments Ltd

Statement of Financial Position as at 31 March 2025

	Note	2025 £	2024 £
Current assets
Stocks	4	486,063	486,063
Debtors	5	728	478
Cash at bank and in hand		26,962	-
		513,753	486,541
Creditors: Amounts falling due within one year	6	(511,699)	(493,120)
Net assets/(liabilities)		2,054	(6,579)
Capital and reserves
Called up share capital		100	100
Retained earnings		1,954	(6,679)
Shareholders' funds/(deficit)		2,054	(6,579)

For the financial 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.

Director's responsibilities:

•	The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and
•	The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and FRS 102 ‘The Financial Reporting Standard Applicable in the UK and Republic of Ireland’.

The director of Hillswood Developments Ltd has elected not to include a copy of the profit and loss account within the financial statements, in accordance with the special provisions relating to companies subject to the small companies regime within the Companies Act 2006, s444.

Approved and authorised by the director on 8 December 2025
 

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

J H Crehan

Director

Company registration number: 15042512

Hillswood Developments Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2025

1	General information

The company is a private company limited by share capital, incorporated in England and Wales.

The address of its registered office is:
130 Shaftesbury Avenue
2nd Floor
London
W1D 5EU

The principal activity of the company is that of property development.

2	Accounting policies

Statement of compliance

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' Section 1A and the Companies Act 2006.

Basis of preparation

These financial statements have been prepared using the historical cost convention except any items disclosed in the accounting policies as being shown at fair value and are presented in sterling, which is the functional currency of the entity.

Summary of significant accounting policies

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Short period of account

The financial statements relate to the year ended 31 March 2025. The comparatives relate to the 8 months from 1 August 2023 to 31 March 2024.

Going concern

The company is reliant on the financial support of a fellow group undertaking, to whom an amount of £504,274 was due at 31 March 2025. The company intends to repay the loan from the proceeds of disposal of the property held in stock. The group undertaking has confirmed that it will not call for repayment and will continue to support the company until such time as it has sufficient working capital. The company has minimal fixed overheads.

After making enquiries, the director has a reasonable expectation that the company had adequate resources to continue in existence for the foreseeable future. Accordingly, they continue to adopt the going concern basis in preparing the financial statements.

Tax

The tax expense for the period comprises current tax. Tax is recognised in profit or loss, except that a charge attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

Hillswood Developments Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2025

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first-in, first-out (FIFO) method.

The cost of finished goods and work in progress comprises direct materials and, where applicable, direct labour costs and those overheads that have been incurred in bringing the inventories to their present location and condition. At each reporting date, stocks are assessed for impairment. If stocks are impaired, the carrying amount is reduced to its selling price less costs to complete and sell; the impairment loss is recognised immediately in profit or loss.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

3	Staff numbers

The average number of persons employed by the company during the year, was 0 (2024 - 0).

4

Stocks

	2025 £	2024 £
Stock	486,063	486,063

5

Debtors

	2025 £	2024 £
Amounts owed by group undertakings	100	100
Other debtors	628	378
	728	478

Hillswood Developments Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2025

6

Creditors

Creditors: amounts falling due within one year

	2025 £	2024 £
Amounts owed to group undertakings	504,274	487,957
Taxation and social security	2,025	-
Accruals and deferred income	5,400	5,163
	511,699	493,120