ACCOUNTS - Final Accounts

Analysis of the maturity of loans is given below:

Registered number: 10403647

HILLSIDE DELIVERY SERVICE HOLDINGS LIMITED

UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 31 MARCH 2025

HILLSIDE DELIVERY SERVICE HOLDINGS LIMITED

REGISTERED NUMBER: 10403647

BALANCE SHEET

AS AT 31 MARCH 2025

		2025		2024
Note		£		£


Fixed assets
Tangible assets	4		479,027		494,059
			479,027		494,059
Current assets
Debtors: amounts falling due within one year	5	22,647		2,152
Cash at bank and in hand	6	196		902
		22,843		3,054
Creditors: amounts falling due within one year	7	(24,018)		(21,800)
Net current liabilities			(1,175)		(18,746)
Total assets less current liabilities			477,852		475,313

Creditors: amounts falling due after more than one year	8		(407,895)		(425,091)
			69,957		50,222


Net assets excluding pension asset			69,957		50,222
Net assets			69,957		50,222

Capital and reserves
Called up share capital	2	2
Profit and loss account	69,955	50,220
	69,957	50,222

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HILLSIDE DELIVERY SERVICE HOLDINGS LIMITED

REGISTERED NUMBER: 10403647

BALANCE SHEET (CONTINUED)

AS AT 31 MARCH 2025

The directors consider 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 directors acknowledge their 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 on 22 December 2025.

P A Hill

Director

The notes on pages 3 to 7 form part of these financial statements.

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HILLSIDE DELIVERY SERVICE HOLDINGS LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2025

1.	General information

Hillside Delivery Service Holdings Limited is a private company limited by shares and incorporated in England. It's registered office is Hilltec Yard, Spinnaker Road, Hempsted, Gloucester, Gloucestershire, GL2 5FD.

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 FRS 102 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland' and the requirements of the Companies Act 2006. The disclosure requirements of Section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The following principal accounting policies have been applied:

2.2

Revenue

Revenue is recognised to the extent that it is probable that the economic benefits will flow to the Company and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before revenue is recognised:

Sale of goods

Revenue from the sale of goods is recognised when all of the following conditions are satisfied:

∙the Company has transferred the significant risks and rewards of ownership to the buyer;

∙the Company retains neither continuing managerial involvement to the degree usually associated with ownership nor effective control over the goods sold;

∙the amount of revenue can be measured reliably;

∙it is probable that the Company will receive the consideration due under the transaction; and

∙the costs incurred or to be incurred in respect of the transaction can be measured reliably.

Rendering of services

Revenue from a contract to provide services is recognised in the period in which the services are provided in accordance with the stage of completion of the contract when all of the following conditions are satisfied:

∙the amount of revenue can be measured reliably;

∙it is probable that the Company will receive the consideration due under the contract;

∙the stage of completion of the contract at the end of the reporting period can be measured reliably; and

∙the costs incurred and the costs to complete the contract can be measured reliably.

2.3

Finance costs

Finance costs are charged to profit or loss over the term of the debt using the effective interest method so that the amount charged is at a constant rate on the carrying amount. Issue costs are initially recognised as a reduction in the proceeds of the associated capital instrument.

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HILLSIDE DELIVERY SERVICE HOLDINGS LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2025

2.Accounting policies (continued)

2.4

Borrowing costs

All borrowing costs are recognised in profit or loss in the year in which they are incurred.

2.5

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.

2.6

Tangible fixed assets

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

Land is not depreciated. Depreciation on other assets is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, using the straight-line method.

The estimated useful lives range as follows:

Freehold property

0-20 Years

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.

2.7

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.

2.8

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.

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HILLSIDE DELIVERY SERVICE HOLDINGS LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2025

2.Accounting policies (continued)

2.9

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.

2.10

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.

Employees

The average monthly number of employees, including directors, during the year was 2 (2024 - 2).

4.	Tangible fixed assets

		Freehold land & property
		£
	Cost or valuation
	At 1 April 2024	502,324
	Additions	2,840
	Disposals	(16,447)
	At 31 March 2025	488,717
	Depreciation
	At 1 April 2024	8,265
	Charge for the year on owned assets	1,425
	At 31 March 2025	9,690
	Net book value
	At 31 March 2025	479,027
	At 31 March 2024	494,059

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HILLSIDE DELIVERY SERVICE HOLDINGS LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2025

Debtors

					2025	2024
					£	£


Trade debtors	1,200	2,152
Other debtors	21,447	-
	22,647	2,152

6.	Cash and cash equivalents
		2025	2024
		£	£

Cash at bank and in hand	196	902
	196	902

7.	Creditors: Amounts falling due within one year
		2025	2024
		£	£

Bank loans	14,909	13,757
Trade creditors	720	60
Other taxation and social security	7,627	7,222
Accruals and deferred income	762	761
	24,018	21,800

8.	Creditors: Amounts falling due after more than one year
		2025	2024
		£	£

Bank loans	123,973	140,034
Amounts owed to group undertakings	283,922	285,057
	407,895	425,091

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HILLSIDE DELIVERY SERVICE HOLDINGS LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2025

Amounts falling due within one year
Bank loans	14,909	13,757
	14,909	13,757
Amounts falling due 1-2 years
Bank loans	14,909	13,756
	14,909	13,756
Amounts falling due 2-5 years
Bank loans	44,726	41,269
	44,726	41,269
Amounts falling due after more than 5 years
Bank loans	64,338	85,009
	64,338	85,009
	138,882	153,791

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