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Registration number: 11143738

Hillswood Services Ltd (Formerly Barry Morgan Limited) Unaudited Financial Statements for the Year Ended 31 March 2025
Brebners Chartered Accountants 130 Shaftesbury Avenue London W1D 5AR

Hillswood Services Ltd (Formerly Barry Morgan Limited)

Contents

Company Information | 1
Statement of Financial Position | 2 to 3
Notes to the Unaudited Financial Statements | 4 to 7

Hillswood Services Ltd (Formerly Barry Morgan Limited)

Company Information

Directors | J H Crehan M C O'Brien

Registered office | 130 Shaftesbury Avenue 2nd Floor London W1D 5EU

Accountants | Brebners Chartered Accountants 130 Shaftesbury Avenue London W1D 5AR

Hillswood Services Ltd (Formerly Barry Morgan Limited)

Statement of Financial Position as at 31 March 2025

| Note | 2025 £ | 2024 £
Fixed assets |  |  |
Tangible assets | 4 | 4,952 | 5,564
Current assets |  |  |
Debtors | 5 | 1,738,883 | 2,153,781
Cash at bank and in hand |  | 934,098 | 2,627,859
|  | 2,672,981 | 4,781,640
Creditors: Amounts falling due within one year | 6 | (1,222,221) | (3,565,858)
Net current assets |  | 1,450,760 | 1,215,782
Total assets less current liabilities |  | 1,455,712 | 1,221,346
Provisions for liabilities |  | (893) | (1,153)
Net assets |  | 1,454,819 | 1,220,193
Capital and reserves |  |  |
Called up share capital |  | 4 | 4
Retained earnings |  | 1,454,815 | 1,220,189
Shareholders' funds |  | 1,454,819 | 1,220,193

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.

Directors' 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 directors acknowledge their 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 directors of Hillswood Services Ltd (Formerly Barry Morgan Limited) have 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.

Hillswood Services Ltd (Formerly Barry Morgan Limited)

Statement of Financial Position as at 31 March 2025

Approved and authorised by the Board on 9 December 2025 and signed on its behalf by:

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

J H Crehan

Director

Company registration number: 11143738

Hillswood Services Ltd (Formerly Barry Morgan Limited)

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 general builders and property maintenance.

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.

Going concern

The company made a profit for the year ended 31 March 2025 and had net assets at that date amounting to £1,454,819 including cash at bank of £934,098.
After making enquiries, the directors have a reasonable expectation that the company has adequate resources to continue in existence for the foreseeable future. Accordingly, they continue to adopt the going concern basis in preparing the financial statements.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the provision of services in the ordinary course of the company's activities. Turnover is shown net of value added tax, returns, rebates and discounts.
The company recognises revenue based upon the stage of completion of contractual work.

Hillswood Services Ltd (Formerly Barry Morgan Limited)

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

Foreign currency transactions and balances

Transactions in foreign currencies are initially recorded at the functional currency rate prevailing at the date of the transaction. Monetary assets and liabilities denominated in foreign currencies are retranslated into the respective functional currency of the entity at the rates prevailing on the reporting period date. Non-monetary items carried at fair value that are denominated in foreign currencies are retranslated at the rate on the date when the fair value is re-measured.
Non-monetary items measured in terms of historical cost in a foreign currency are not retranslated.

Tax

The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting
period. Tax is recognised in profit or loss, except to the extent that it relates to items recognised in other
comprehensive income or directly in equity. In this case, tax is recognised in other comprehensive income or
directly in equity, respectively.

Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the
amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.

Deferred tax is recognised in respect of all timing differences at the reporting date. Unrelieved tax losses and other deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date that are expected to apply to the reversal of the timing difference.

Tangible assets

Tangible assets are stated in the statement of financial position at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.
The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class | Depreciation method and rate
Equipment, plant and machinery | 33% straight line

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.

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.

Hillswood Services Ltd (Formerly Barry Morgan Limited)

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

Dividends

Dividend distribution to the company’s shareholders is recognised as a liability in the financial statements in the reporting period in which the dividends are declared.

Defined contribution pension obligation

A defined contribution plan is a pension plan under which fixed contributions are paid into a pension fund and the company has no legal or constructive obligation to pay further contributions even if the fund does not hold sufficient assets to pay all employees the benefits relating to employee service in the current and prior periods.
Contributions to defined contribution plans are recognised as employee benefit expense when they are due. If contribution payments exceed the contribution due for service, the excess is recognised as a prepayment.

3 | Staff numbers

The average number of persons employed by the company during the year was 11 (2024 - 10).

4 | Tangible assets

| Equipment, plant and machinery £
Cost or valuation
At 1 April 2024 | 8,082
Additions | 2,088
At 31 March 2025 | 10,170
Depreciation
At 1 April 2024 | 2,518
Charge for the year | 2,700
At 31 March 2025 | 5,218
Carrying amount
At 31 March 2025 | 4,952
At 31 March 2024 | 5,564

Hillswood Services Ltd (Formerly Barry Morgan Limited)

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

5 | Debtors

| 2025 £ | 2024 £
Trade debtors | 884,390 | 1,346,105
Amounts owed by group undertakings | 516,645 | 496,885
Other debtors | 337,848 | 310,791
| 1,738,883 | 2,153,781

6 | Creditors

Creditors: amounts falling due within one year

| 2025 £ | 2024 £
Trade creditors | 317,285 | 706,438
Taxation and social security | 370,527 | 754,440
Accruals and deferred income | 527,443 | 2,094,217
Other creditors | 6,966 | 10,763
| 1,222,221 | 3,565,858

7 | Financial commitments, guarantees and contingencies

Amounts not provided for in the statement of financial position

The total amount of financial commitments not included in the statement of financial position is £29,191 (2024 - £19,696).

8 | Related party transactions

Exemption is taken under FRS 102 para 1AC.35 not to disclose transactions or amounts falling due between companies wholly owned within the group.