Hylands Construction Company Limited Filleted accounts for Companies House (small and micro)

COMPANY REGISTRATION NUMBER: 03279247

Hylands Construction Company Limited

Filleted Unaudited Financial Statements

31 March 2025

Hylands Construction Company Limited

Statement of Financial Position

31 March 2025

	2025		2024
Note	£	£	£	£

Fixed assets

Tangible assets	5		2,950		4,049

Current assets

Stocks		500	500
Debtors	6	164,782	218,135
Cash at bank and in hand		331	–
		---------	---------
		165,613	218,635

Creditors: amounts falling due within one year	7	9,619		55,747
		---------		---------
Net current assets			155,994		162,888
			---------		---------
Total assets less current liabilities			158,944		166,937
			---------		---------
Net assets			158,944		166,937
			---------		---------

Capital and reserves

Called up share capital	8	100	100
Profit and loss account		158,844	166,837
		---------	---------
Shareholders funds		158,944	166,937
		---------	---------

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.

In accordance with section 444 of the Companies Act 2006, the statement of income and retained earnings has not been delivered.

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.

Directors' responsibilities:

- The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476 ;

- The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .

Hylands Construction Company Limited

Statement of Financial Position (continued)

31 March 2025

These financial statements were approved by the board of directors and authorised for issue on 10 December 2025 , and are signed on behalf of the board by:

N D Seager	Mrs S A Seager
Director	Director

Company registration number: 03279247

Hylands Construction Company Limited

Notes to the Financial Statements

Year ended 31 March 2025

1. General information

The company is a private company limited by shares, registered in England and Wales. The address of the registered office is Phillows Farm, Hammonds Road, Little Baddow, Chelmsford, Essex, CM3 4BG.

2. Statement of compliance

These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.

3. Accounting policies

Basis of preparation

The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.

The financial statements are prepared in sterling, which is the functional currency of the entity.

Revenue recognition

Turnover is measured at the fair value of the consideration received or receivable for goods supplied and services rendered, net of discounts and Value Added Tax. Revenue from the sale of goods is recognised when the significant risks and rewards of ownership have transferred to the buyer (usually on despatch of the goods); the amount of revenue can be measured reliably; it is probable that the associated economic benefits will flow to the entity; and the costs incurred or to be incurred in respect of the transactions can be measured reliably.

Tangible assets

Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses. An increase in the carrying amount of an asset as a result of a revaluation, is recognised in other comprehensive income and accumulated in equity, except to the extent it reverses a revaluation decrease of the same asset previously recognised in profit or loss. A decrease in the carrying amount of an asset as a result of revaluation, is recognised in other comprehensive income to the extent of any previously recognised revaluation increase accumulated in equity in respect of that asset. Where a revaluation decrease exceeds the accumulated revaluation gains accumulated in equity in respect of that asset, the excess shall be recognised in profit or loss.

Depreciation

Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:

Improvements to property	-	4% straight line
Plant and machinery	-	15% reducing balance
Computer equipment	-	25% straight line
Motor vehicles	-	25% reducing balance

Stocks

Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost includes all costs of purchase, costs of conversion and other costs incurred in bringing the stock to its present location and condition.

Financial instruments

Financial instruments are classified and accounted for, according to the substance of the contractual arrangement, as either financial assets, financial liabilities or equity instruments. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.

4. Employee numbers

The average number of persons employed by the company during the year amounted to 2 (2024: 2 ).

5. Tangible assets

	Land and buildings	Plant and machinery	Fixtures and fittings	Motor vehicles	Total
	£	£	£	£	£
Cost
At 1 April 2024 and 31 March 2025	6,052	57,459	2,656	16,300	82,467
	-------	--------	-------	--------	--------
Depreciation
At 1 April 2024	4,842	54,620	2,656	16,300	78,418
Charge for the year	242	857	–	–	1,099
	-------	--------	-------	--------	--------
At 31 March 2025	5,084	55,477	2,656	16,300	79,517
	-------	--------	-------	--------	--------
Carrying amount
At 31 March 2025	968	1,982	–	–	2,950
	-------	--------	-------	--------	--------
At 31 March 2024	1,210	2,839	–	–	4,049
	-------	--------	-------	--------	--------

6. Debtors

	2025	2024
	£	£
Trade debtors	2,688	3,988
Amounts owed by undertakings in which the company has a participating interest	159,631	158,131
Prepayments and accrued income	2,463	28,070
Amounts recoverable on contracts	–	27,946
	---------	---------
	164,782	218,135
	---------	---------

7. Creditors: amounts falling due within one year

	2025	2024
	£	£
Bank loans and overdrafts	–	25,925
Trade creditors	424	1,990
Accruals and deferred income	2,000	3,414
Director loan accounts	6,824	24,359
Other taxes and social security	371	59
	-------	--------
	9,619	55,747
	-------	--------

8. Called up share capital

Issued, called up and fully paid

	2025		2024
	No.	£	No.	£
Ordinary shares of £ 1 each	100	100	100	100
	----	----	----	----

9. Related party transactions

	Sales/ management charges	Loans repaid/ (additional loans)	Balance at 31 March Dr/(Cr)
	£	£	£
Other related parties
31 March 2025	8,564	1,500	159,631
31 March 2024	32,168	–	158,131
Directors
31 March 2025		17,535	(6,824)
31 March 2024		3,182	(24,359)