REGISTERED NUMBER: 06534568 (England and Wales)

Unaudited Financial Statements

for the Year Ended 31 March 2025

for

HILLRISE FLATS LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

D Carman

Mrs S M Carman

SECRETARY:

Mrs S M Carman

REGISTERED OFFICE:

Mitchells Grievson Limited

Kensington House

3 Kensington

Bishop Auckland

Co. Durham

DL14 6HX

REGISTERED NUMBER:

06534568 (England and Wales)

ACCOUNTANTS:

Mitchells Grievson Limited

Kensington House

3 Kensington

Bishop Auckland

Co. Durham

DL14 6HX

FIXED ASSETS

Tangible assets

4

37,138

25,051

CURRENT ASSETS

Stocks

6,271

5,973

Cash at bank

55,668

47,704

61,939

53,677

CREDITORS

Amounts falling due within one year

5

134,899

135,505

NET CURRENT LIABILITIES

(72,960

)

(81,828

)

TOTAL ASSETS LESS CURRENT LIABILITIES

(35,822

)

(56,777

)

CREDITORS

Amounts falling due after more than one year

6

394

-

NET LIABILITIES

(36,216

)

(56,777

)

CAPITAL AND RESERVES

Called up share capital

2

2

Retained earnings

(36,218

)

(56,779

)

SHAREHOLDERS' FUNDS

(36,216

)

(56,777

)

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2025 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:

(a)	ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and

(b)

preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

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

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 16 December 2025 and were signed on its behalf by:

Mrs S M Carman - Director

1.	STATUTORY INFORMATION

Hillrise Flats Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2.	ACCOUNTING POLICIES

Basis of preparing the financial statements

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" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover

Turnover represents invoiced sales of services.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Freehold property

-

4% on cost

Plant and machinery

-

25% on reducing balance

Motor vehicles

-

25% on reducing balance

Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Pension costs and other post-retirement benefits

The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was NIL (2024 - NIL).

4.	TANGIBLE FIXED ASSETS

Freehold

Plant and

Motor

Computer

property

machinery

vehicles

equipment

Totals

£

£

£

£

£

COST

At 1 April 2024

43,963

6,689

-

2,047

52,699

Additions

-

-

14,394

503

14,897

At 31 March 2025

43,963

6,689

14,394

2,550

67,596

DEPRECIATION

At 1 April 2024

20,378

6,825

-

445

27,648

Charge for year

1,759

(337

)

582

806

2,810

At 31 March 2025

22,137

6,488

582

1,251

30,458

NET BOOK VALUE

At 31 March 2025

21,826

201

13,812

1,299

37,138

At 31 March 2024

23,585

(136

)

-

1,602

25,051

5.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.25

31.3.24

£

£

Bank loans and overdrafts

1,278

1,278

Other loans

-

1,613

Tax

162

-

Other creditors

4,268

4,268

Directors' loan accounts

128,391

127,546

Accruals and deferred income

800

800

134,899

135,505

6.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31.3.25

31.3.24

£

£

Bank loans - 1-2 years

394

-