Company Registration No. 01197480 (England and Wales)
HILLS AND CO. (NEW CROSS) LIMITED
Unaudited accounts
for the year ended 31 March 2025
HILLS AND CO. (NEW CROSS) LIMITED
Unaudited accounts
Contents
HILLS AND CO. (NEW CROSS) LIMITED
Company Information
for the year ended 31 March 2025
Directors
MR A V BATCHAT
MR A J BATCHAT
MRS H S BATCHAT
MRS L JOSEPHS
MRS R E DOCTORS
Company Number
01197480 (England and Wales)
Registered Office
EVELEIGH
9A HOLLY PARK
LONDON
N3 3JA
Accountants
Kaushik Khiroya, AFA
LMK ACCOUNTING LTD
THE GATEHOUSE
GATEHOUSE WAY
AYLESBURY
HP19 8DB
HILLS AND CO. (NEW CROSS) LIMITED
Statement of financial position
as at 31 March 2025
Investment property
400,000
400,000
Cash at bank and in hand
29,781
19,758
Creditors: amounts falling due within one year
(169,848)
(183,385)
Net current liabilities
(137,216)
(160,776)
Net assets
281,950
255,060
Called up share capital
100
100
Revaluation reserve
182,235
182,235
Profit and loss account
99,615
72,725
Shareholders' funds
281,950
255,060
For the 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. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered 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 profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 10 December 2025 and were signed on its behalf by
MR A V BATCHAT
Director
Company Registration No. 01197480
HILLS AND CO. (NEW CROSS) LIMITED
Notes to the Accounts
for the year ended 31 March 2025
HILLS AND CO. (NEW CROSS) LIMITED is a private company, limited by shares, registered in England and Wales, registration number 01197480. The registered office is EVELEIGH, 9A HOLLY PARK, LONDON, N3 3JA.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Revenue, described as turnover, represents rents receivable excluding VAT. Turnover is recognised in accordance with the due dates under the terms of the lease agreement.
Investment property is included at market fair value. Gains are recognised in the income statement. Deferred taxation is provided on these gains at the rate expected to apply when the property is sold.
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws.
Deferred tax assets and liabilities are not discounted.
The company operates a defined contribution scheme for the benefit of its employees. Contributions payable are recognised in the profit and loss account when due.
Financial instruments are classified by the directors as basic or advanced following the conditions in FRS 102 section 11.
Basic financial instruments, which include trade and other receivables and payables, cash and bank balances, are amortised at cost.
Advanced financial instruments which include interest rate swap and forward foreign exchange contracts, are initially recorded at cost and thereafter at fair value with changes recognised in profit and loss.
HILLS AND CO. (NEW CROSS) LIMITED
Notes to the Accounts
for the year ended 31 March 2025
Cash and cash equivalents
Cash and cash equivalents are basic financial assets and include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities.
Fair value at 1 April 2024
400,000
5
Investments
Subsidiary undertakings
Other investments
Total
Valuation at 1 April 2024
246
15,590
15,836
Valuation at 31 March 2025
246
18,920
19,166
Amounts falling due within one year
7
Creditors: amounts falling due within one year
2025
2024
Amounts owed to group undertakings and other participating interests
16,174
12,454
Taxes and social security
6,120
6,478
Other creditors
7,500
7,500
Loans from directors
128,679
145,578
Deferred income
9,875
9,875
8
Average number of employees
During the year the average number of employees was 2 (2024: 2).