ACCOUNTS - Final Accounts

Registered number: 02339477

HILBOROUGH DEVELOPMENTS LIMITED

UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 31 MARCH 2025

HILBOROUGH DEVELOPMENTS LIMITED

REGISTERED NUMBER: 02339477

BALANCE SHEET

AS AT 31 MARCH 2025

		2025		2024
Note		£		£

FIXED ASSETS
Investments	4		676,770		526,870
			676,770		526,870
CURRENT ASSETS
Debtors: amounts falling due within one year	5	2,644,985		1,803,023
Cash at bank and in hand		1,666		427,420
		2,646,651		2,230,443
Creditors: amounts falling due within one year	6	(1,764,454)		(1,334,384)
NET CURRENT ASSETS			882,197		896,059
TOTAL ASSETS LESS CURRENT LIABILITIES			1,558,967		1,422,929

NET ASSETS			1,558,967		1,422,929

CAPITAL AND RESERVES
Called up share capital	7	2	2
Profit and loss account		1,558,965	1,422,927
		1,558,967	1,422,929

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HILBOROUGH DEVELOPMENTS LIMITED

REGISTERED NUMBER: 02339477

BALANCE SHEET (CONTINUED)

AS AT 31 MARCH 2025

The director considers that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

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

The Company has opted not to file the statement of income and retained earnings in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf by:

W H van Cutsem

Director

Date: 9 December 2025

The notes on pages 3 to 5 form part of these financial statements.

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HILBOROUGH DEVELOPMENTS LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2025

1.	GENERAL INFORMATION

Hilborough Developments Limited is a private company limited by shares and incorporated in England and Wales. Its registered office and principal place of business is Hilborough House, Hilborough, Thetford, Norfolk, IP26 5BQ.

2.ACCOUNTING POLICIES

2.1

BASIS OF PREPARATION OF FINANCIAL STATEMENTS

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with Section 1A of Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006.

The following principal accounting policies have been applied:

2.2

INTEREST INCOME

Interest income is recognised in profit or loss using the effective interest method.

2.3

VALUATION OF INVESTMENTS

Investments in unlisted Company shares, whose market value can be reliably determined, are remeasured to market value at each balance sheet date. Gains and losses on remeasurement are recognised in the Statement of Income and Retained Earnings for the period. Where market value cannot be reliably determined, such investments are stated at historic cost less impairment.

2.4

DEBTORS

Short-term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

2.5

CASH AND CASH EQUIVALENTS

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.

2.6

CREDITORS

Short-term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

2.7

DIVIDENDS

Equity dividends are recognised when they become legally payable. Interim equity dividends are recognised when paid. Final equity dividends are recognised when approved by the shareholders at an annual general meeting.

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HILBOROUGH DEVELOPMENTS LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2025

2.ACCOUNTING POLICIES (CONTINUED)

2.8

TAXATION

Tax is recognised in profit or loss except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.

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

Deferred tax balances are recognised in respect of all timing differences that have originated but not reversed by the balance sheet date, except that:

∙The recognition of deferred tax assets is limited to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits; and

∙Any deferred tax balances are reversed if and when all conditions for retaining associated tax allowances have been met.

Deferred tax balances are not recognised in respect of permanent differences except in respect of business combinations, when deferred tax is recognised on the differences between the fair values of assets acquired and the future tax deductions available for them and the differences between the fair values of liabilities acquired and the amount that will be assessed for tax. Deferred tax is determined using tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

EMPLOYEES

The Company has no employees other than the directors, who did not receive any remuneration (2024 - £NIL).

4.	FIXED ASSET INVESTMENTS

		Unlisted investments
		£
	COST OR VALUATION
	At 1 April 2024	526,870
	Additions	150,000
	Disposals	(100)
	At 31 March 2025	676,770

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HILBOROUGH DEVELOPMENTS LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2025

5.	DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

					2025	2024
					£	£


Other debtors	2,588,066	1,787,051
Prepayments and accrued income	56,919	15,972
	2,644,985	1,803,023

Included within other debtors due within one year is a loan to a director, amounting to £464,424 (2024 - £5,409). The loan is repayable on demand and interest is charged at the HMRC official rate of 2.25%.

6.	CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
		2025	2024
		£	£

Corporation tax	25,523	20,894
Other creditors	1,736,501	1,311,150
Accruals and deferred income	2,430	2,340
	1,764,454	1,334,384

7.	SHARE CAPITAL
		2025	2024
		£	£

ALLOTTED, CALLED UP AND FULLY PAID

2 Ordinary shares of £1 each	2	2

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