Hillersdon Estates & Investments Ltd


Directors	Green, Douglas John
	Green, Edward Sydney Michael
	Green, Max Alexander
	Green, Charles Richard


Company Secretary	GREEN, Claire Jessica


Registered Address	Grove House
	2 Woodberry Grove
	London
	N12 0DR


Registered Number	00447577 (England and Wales)

Balance Sheet as at
31 March 2025

	Notes	2025		2024
		£	£	£	£
Fixed assets
Tangible assets	4		3,996		5,994
Investments	6		2		2
Investment property	5		17,600,000		17,600,000
			17,603,998		17,605,996
Current assets
Debtors		4,207,795		4,152,693
Cash at bank and on hand		223,876		354,247
		4,431,671		4,506,940
Creditors amounts falling due within one year	7	(124,902)		(202,456)
Net current assets (liabilities)			4,306,769		4,304,484
Total assets less current liabilities			21,910,767		21,910,480
Creditors amounts falling due after one year	8		(9,120,473)		(9,120,473)
Provisions for liabilities	9		(1,379,951)		(1,379,951)
Net assets			11,410,343		11,410,056
Capital and reserves
Called up share capital			2,148		2,148
Other reserves			10,259,930		10,259,930
Profit and loss account			1,148,265		1,147,978
Shareholders' funds	10		11,410,343		11,410,056

The company was entitled to exemption from audit for this reporting period 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 in accordance with the provisions applicable to companies subject to the small companies regime.
The directors have chosen to not file a copy of the company’s profit and loss account under section 444 (5A) Companies Act 2006.

The financial statements were approved and authorised for issue by the Board of Directors on 23 October 2025, and are signed on its behalf by:

Green, Edward Sydney Michael
Director
Registered Company No. 00447577

Hillersdon Estates & Investments Ltd

Notes to the Financial Statements
for the year ended 31 March 2025

1.	Accounting policies

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

	Statement of compliance
	The financial statements have been prepared in compliance with FRS 102 Section 1A as it applies to the financial statements for the period and there were no material departures from the reporting standard.

	Basis of preparation
	The accounts have been prepared under the historical cost convention and in accordance with FRS 102, the financial reporting standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).

	Turnover policy
	Revenue is measured at the fair value of the consideration received or receivable and represents amounts receivable for services provided in the normal course of business. Revenue is generated from rental income generated by the company's investment property. The company recognises revenue based on it's lease agreement with tenants.

	Employee benefits
	Contributions to defined contribution plans are expensed in the period to which they relate.

	Finance costs
	Finance costs charged to the profit or loss include interest expense calculated using the effective interest method from FRS 102:11, finance charges on finance leases, and exchange differences on foreign currency borrowings where these are treated as an adjustment to interest costs.

	Deferred tax
	Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.

Deferred tax

Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.

	Tangible fixed assets and depreciation
	Tangible fixed assets are stated at cost or valuation less depreciation. Depreciation is provided on all tangible fixed assets as follows:

	Investments
	Investments in subsidiaries, associates and joint ventures are measured at cost less any accumulated impairment losses. Listed investments are measured at fair value where the difference between cost and fair value is material. Unlisted investments are measured at fair value unless the value cannot be measured reliably, in which case they are measured at cost less any accumulated impairment losses. Changes in fair value are included in the profit and loss account.

Investments

Investments in subsidiaries, associates and joint ventures are measured at cost less any accumulated impairment losses. Listed investments are measured at fair value where the difference between cost and fair value is material. Unlisted investments are measured at fair value unless the value cannot be measured reliably, in which case they are measured at cost less any accumulated impairment losses. Changes in fair value are included in the profit and loss account.

	Investment property
	Investment property is shown at it's most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit and loss.

2.	Average number of employees


		2025		2024
	Average number of employees during the year	4		4

3.	Deferred tax
	Increases in the UK Corporation tax rate from 19% to 25% (19% effective from 1 April 2017, and 25% effective from 1 April 2023) have been substantively enacted. This will impact the company's future tax charge accordingly. The value of the deferred tax assets at the balance sheet date has been calculated using the applicable rate when the asset is expected to be realised.

4.	Tangible fixed assets

	Fixtures & fittings	Total
	£	£
Cost or valuation
At 01 April 24	112,074	112,074
At 31 March 25	112,074	112,074
Depreciation and impairment
At 01 April 24	106,080	106,080
Charge for year	1,998	1,998
At 31 March 25	108,078	108,078
Net book value
At 31 March 25	3,996	3,996
At 31 March 24	5,994	5,994

5.	Investment property
	The fair value of the investment property has been arrived at on the basis of a valuation carried out at by the Directors. The valuation was made on an open market value basis by reference to market evidence of transaction prices for similar properties. The historical cost of the properties is £6,325,389. Included within investment property is 18 Brewer Street which is being held on a nominee basis for the company's wholly owned subsidiary Hillersdon (No.2) Limited. The balance sheet value of the property being held is £5,800,000 (2023 - £5,050,000).

Investment property

The fair value of the investment property has been arrived at on the basis of a valuation carried out at by the Directors. The valuation was made on an open market value basis by reference to market evidence of transaction prices for similar properties. The historical cost of the properties is £6,325,389.
Included within investment property is 18 Brewer Street which is being held on a nominee basis for the company's wholly owned subsidiary Hillersdon (No.2) Limited. The balance sheet value of the property being held is £5,800,000 (2023 - £5,050,000).


		£
	Fair value at 01 April 24	17,600,000
	At 31 March 25	17,600,000

6.	Fixed asset investments

	Investments in groups¹	Total
	£	£
Cost or valuation
At 01 April 24	2	2
At 31 March 25	2	2
Net book value
At 31 March 25	2	2
At 31 March 24	2	2

	Notes
	¹Investments in group undertakings and participating interests

7.	Creditors: amounts due within one year

	2025	2024
	£	£
Taxation and social security	4,812	16,195
Other creditors	120,090	173,015
Accrued liabilities and deferred income	-	13,246
Total	124,902	202,456


	Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.

8.	Creditors: amounts due after one year

	2025	2024
	£	£
Bank borrowings and overdrafts	9,120,473	9,120,473
Total	9,120,473	9,120,473

9.	Provisions for liabilities

	2025	2024
	£	£
Other provisions	1,379,951	1,379,951
Total	1,379,951	1,379,951

10.	Fair value reserve


		£
	Fair value reserve at 01 April 24	10,259,767
	At 31 March 25	10,259,767

11.	Related party transactions
	Commission of £16,000 (2024: £89,940 was payable to Sidney Green & Co, three directors being partners in this practice. The amount of £110,289 (2024: £151,742) was owed by Sidney Green & Co at 31 March 2024. As at 31 March 2024 Maybreeze Ltd owed £715,218 (2024: £715,218) against which the company has provided £239,002 (2024: 239,002) as a possible bad debt. At 31 March 2025 Cairnvale Properties Ltd owed £441,006 (2024: £441,006) against which the company has provided £139,514 (2024:£139,514) as a possible bad debt. At 31 March 2025 Lina Stores Ltd owed £1,627,344 (2024: £1,563,501) . At 31 March 2025 Emercy Ltd owed £59,769 (2024: £64,528) The company makes no provision for interest of 6% payable on the Lina Stores Ltd debt as there is little likelihood of any being paid in the near future. No interest is currently charged on any of the above loans. The Green directors control all aforementioned companies

11.

Related party transactions

Commission of £16,000 (2024: £89,940 was payable to Sidney Green & Co, three directors being partners in this practice. The amount of £110,289 (2024: £151,742) was owed by Sidney Green & Co at 31 March 2024.

As at 31 March 2024 Maybreeze Ltd owed £715,218 (2024: £715,218) against which the company has provided £239,002 (2024: 239,002) as a possible bad debt. At 31 March 2025 Cairnvale Properties Ltd owed £441,006 (2024: £441,006) against which the company has provided £139,514 (2024:£139,514) as a possible bad debt. At 31 March 2025 Lina Stores Ltd owed £1,627,344 (2024: £1,563,501) . At 31 March 2025 Emercy Ltd owed £59,769 (2024: £64,528) The company makes no provision for interest of 6% payable on the Lina Stores Ltd debt as there is little likelihood of any being paid in the near future.

No interest is currently charged on any of the above loans. The Green directors control all aforementioned companies