REGISTERED NUMBER: 01322918 (England and Wales)

FINANCIAL STATEMENTS FOR THE YEAR ENDED 5 APRIL 2025

FOR

HILLAWAYS (PROPERTY DEVELOPMENT) LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

W G Fielding

L Klimcke

REGISTERED OFFICE:

29a High Street

West Wickham

Kent

BR4 0LP

REGISTERED NUMBER:

01322918 (England and Wales)

ACCOUNTANTS:

IGD Accounting Services Limited

29a High Street

West Wickham

Kent

BR4 0LP

FIXED ASSETS

Tangible assets

3

1,708,774

1,709,027

CURRENT ASSETS

Debtors

4

23,982

19,528

Cash at bank

12,096

12,061

36,078

31,589

CREDITORS

Amounts falling due within one year

5

45,129

28,226

NET CURRENT (LIABILITIES)/ASSETS

(9,051

)

3,363

TOTAL ASSETS LESS CURRENT LIABILITIES

1,699,723

1,712,390

CREDITORS

Amounts falling due after more than one year

6

(317,852

)

(317,852

)

PROVISIONS FOR LIABILITIES

7

(211,480

)

(211,480

)

NET ASSETS

1,170,391

1,183,058

CAPITAL AND RESERVES

Called up share capital

90

90

Revaluation reserve

8

1,113,052

1,113,052

Retained earnings

57,249

69,916

1,170,391

1,183,058

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 5 April 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 5 April 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 23 December 2025 and were signed on its behalf by:

W G Fielding - Director

L Klimcke - Director

1.	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 as modified by the revaluation of certain assets.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets

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

Plant and machinery etc

-

10% on reducing balance

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.

2.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 3 (2024 - 3 ) .

3.	TANGIBLE FIXED ASSETS

Plant and

Land and

machinery

buildings

etc

Totals

£

£

£

COST OR VALUATION

At 6 April 2024

and 5 April 2025

1,706,500

16,910

1,723,410

DEPRECIATION

At 6 April 2024

-

14,383

14,383

Charge for year

-

253

253

At 5 April 2025

-

14,636

14,636

NET BOOK VALUE

At 5 April 2025

1,706,500

2,274

1,708,774

At 5 April 2024

1,706,500

2,527

1,709,027

Cost or valuation at 5 April 2025 is represented by:

Plant and

Land and

machinery

buildings

etc

Totals

£

£

£

Valuation in 2022

1,113,052

-

1,113,052

Cost

593,448

16,910

610,358

1,706,500

16,910

1,723,410

4.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

5.4.25

5.4.24

£

£

Trade debtors

11,382

9,928

Other debtors

12,600

9,600

23,982

19,528

5.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

5.4.25

5.4.24

£

£

Trade creditors

(1

)

1

Taxation and social security

944

1,434

Other creditors

44,186

26,791

45,129

28,226

6.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

5.4.25

5.4.24

£

£

Bank loans

317,852

317,852

7.	PROVISIONS FOR LIABILITIES

5.4.25

5.4.24

£

£

Deferred tax

211,480

211,480

Deferred

tax

£

Balance at 6 April 2024

211,480

Balance at 5 April 2025

211,480

8.

RESERVES

Revaluation

reserve

£

At 6 April 2024

and 5 April 2025

1,113,052