Company registration number 15143607 (England and Wales)
Hillvale Ltd
Unaudited Financial Statements
For The Year Ended 30 April 2025
Pages For Filing With Registrar
HILLVALE LTD
Hillvale Ltd
CONTENTS
Page
Balance sheet
1
Notes to the financial statements
2 - 6
HILLVALE LTD
Hillvale Ltd
BALANCE SHEET
AS AT
30 APRIL 2025
30 April 2025
- 1 -
30 April 2025
30 April 2024
Notes
£
£
£
£
Fixed assets
Investment property
3
835,762
835,762
Current assets
Debtors
4
66,546
18,873
Cash at bank and in hand
4,010
5,213
70,556
24,086
Creditors: amounts falling due within one year
5
(370,149)
(318,646)
Net current liabilities
(299,593)
(294,560)
Total assets less current liabilities
536,169
541,202
Creditors: amounts falling due after more than one year
6
(536,383)
(543,724)
Net liabilities
(214)
(2,522)
Capital and reserves
Called up share capital
2
2
Profit and loss reserves
(216)
(2,524)
Total equity
(214)
(2,522)

For the financial year ended 30 April 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

T he 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 Companies Act 2006 with respect to accounting records and the preparation of financial statements.

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

The directors of the company have elected not to include a copy of the profit and loss account within the financial statements.true

The financial statements were approved by the board of directors and authorised for issue on 6 January 2026 and are signed on its behalf by:
Mr H J T Hildyard
Director
Company registration number 15143607 (England and Wales)
HILLVALE LTD
Hillvale Ltd
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2025
- 2 -
1
Accounting policies
Company information

Hillvale Ltd is a private company limited by shares incorporated in England and Wales. The registered office is Plaster Pitts Farm Low Lane, Scrayingham, York, YO411JF.

1.1
Reporting period

These financial statements cover the year from 1 May 2024 to 30 April 2025 representing a 12 month period. The comparative period represents the period from 18 July 2023 to 30 April 2024, and therefore these are not directly comparable.

1.2
Accounting convention

These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. 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 financial statements are prepared in sterling, which is the functional currency of the company. Monetary a mounts in these financial statements are rounded to the nearest £1.

The financial statements have been prepared under the historical cost convention. The principal accounting policies adopted are set out below.

1.3
Going concern

Despite the insolvent balance sheet, the company continues to be supported by the directors. Therefore, at the time of approving the financial statements the director has reasonable expectation that with the support of the related parties the company has adequate resources to continue in operational existence for the foreseeable future. Thus the directors' continue to adopt the going concern basis of accounting in preparing the financial statements.true

1.4
Turnover

Revenue comprises sales of goods or services provided to customers net of value added tax and other sales taxes, less an appropriate deduction for actual and expected returns and discounts. Revenue is recognised when performance obligations are satisfied and the control of goods or services is transferred to the buyer. Where the performance obligation is satisfied over time, revenue is recognised in accordance with its progress towards complete satisfaction of that performance obligation.

When cash inflows are deferred and represent a financing arrangement, the promised consideration is adjusted for the effects of the time value of money, which is recognised as interest income.

1.5
Investment property

Investment property, which is property held to earn rentals and/or for capital appreciation, is initially recognised at cost, which includes the purchase cost and any directly attributable expenditure. Subsequently it is measured at fair value a t the reporting end date. Changes in fair value are recognised in profit or loss.

1.6
Cash and cash equivalents

Cash and cash equivalents are basic financial assets and include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities.

HILLVALE LTD
Hillvale Ltd
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 30 APRIL 2025
1
Accounting policies
(Continued)
- 3 -
1.7
Financial instruments

The company has elected to apply the provisions of Section 11 ‘Basic Financial Instruments’ and Section 12 ‘Other Financial Instruments Issues’ of FRS 102 to all of its financial instruments.

Financial instruments are recognised in the company's balance sheet when the company becomes party to the contractual provisions of the instrument.

Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

Basic financial assets

Basic financial assets, which include debtors and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Financial assets classified as receivable within one year are not amortised.

Impairment of financial assets

Financial assets, other than those held at fair value through profit and loss, are assessed for indicators of impairment at each reporting end date.

Financial assets are impaired where there is objective evidence that, as a result of one or more events that occurred after the initial recognition of the financial asset, the estimated future cash flows have been affected. If an asset is impaired, the impairment loss is the difference between the carrying amount and the present value of the estimated cash flows discounted at the asset’s original effective interest rate. The impairment loss is recognised in profit or loss.

If there is a decrease in the impairment loss arising from an event occurring after the impairment was recognised, the impairment is reversed. The reversal is such that the current carrying amount does not exceed what the carrying amount would have been, had the impairment not previously been recognised. The impairment reversal is recognised in profit or loss.

Derecognition of financial assets

Financial assets are derecognised only when the contractual rights to the cash flows from the asset expire or are settled, or when the company transfers the financial asset and substantially all the risks and rewards of ownership to another entity, or if some significant risks and rewards of ownership are retained but control of the asset has transferred to another party that is able to sell the asset in its entirety to an unrelated third party.

Classification of financial liabilities

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.

HILLVALE LTD
Hillvale Ltd
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 30 APRIL 2025
1
Accounting policies
(Continued)
- 4 -
Basic financial liabilities

Basic financial liabilities, including creditors, bank loans, loans from fellow group companies and preference shares that are classified as debt, are initially recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future paymen ts discounted at a market rate of interest. Financial liabilities classified as payable within one year are not amortised.

Debt instruments are subsequently carried at amortised cost, using the effective interest rate method.

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. A m ounts payable are classified as current liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities. Trade creditors are recognised initially at transaction price and subsequently measured at amortised cost using the effective interest method.

Derecognition of financial liabilities

Financial liabilities are derecognised when the company’s contractual obligations expire or are discharged or cancelled.

1.8
Equity instruments

Equity instruments issued by the company are recorded at the proceeds received, net of transaction costs. Dividends payable on equity instruments are recognised as liabilities once they are no longer at the discretion of the company.

1.9
Taxation

The tax expense represents the sum of the tax currently payable and deferred tax.

Current tax

The tax currently payable is based on taxable profit for the year. Taxable profit differs from net profit as reported in the profit and loss account because it excludes items of income or expense that are taxable or deductible in other years and it further excludes items that are never taxable or deductible. The company’s liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the reporting end date.

Deferred tax

Deferred tax liabilities are generally recognised for all timing differences and deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Such assets and liabilities are not recognised if the timing difference arises from goodwill or from the initial recognition of other assets and liabilities in a transaction that affects neither the tax profit nor the accounting profit.

The carrying amount of deferred tax assets is reviewed at each reporting end date and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered. Deferred tax is calculated at the tax rates that are expected to apply in the period when the liability is settled or the asset is realised. Deferred tax is charged or credited in the profit and loss account, except when it relates to items charged or credited directly to equity, in which case the deferred tax is also dealt with in equity. Deferred tax assets and liabilities are offset when the company has a legally enforceable right to offset current tax assets and liabilities and the deferred tax assets and liabilities relate to taxes levied by the same tax authority.

HILLVALE LTD
Hillvale Ltd
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 30 APRIL 2025
1
Accounting policies
(Continued)
- 5 -
1.10
Employee benefits

The costs of short-term employee benefits are recognised as a liability and an expense, unless those costs are required to be recognised as part of the cost of stock or fixed assets.

The cost of any unused holiday entitlement is recognised in the period in which the employee’s services are received.

Termination benefits are recognised immediately as an expense when the company is demonstrably committed to terminate the employment of an employee or to provide termination benefits.

2
Employees

The average monthly number of persons (including directors) employed by the company during the year was:

2025
2024
Number
Number
Total
2
2
3
Investment property
2025
£
Fair value
At 1 May 2024 and 30 April 2025
835,762

Investment property comprises one property. The fair value of the investment property has been arrived at on the basis of a valuation carried out at the accounting year end by the directors.

4
Debtors
Year ended 30 April
Period ended 30 April
2025
2024
Amounts falling due within one year:
£
£
Other debtors
66,446
18,033
Amounts falling due after more than one year:
Deferred tax asset
100
840
Total debtors
66,546
18,873
HILLVALE LTD
Hillvale Ltd
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 30 APRIL 2025
- 6 -
5
Creditors: amounts falling due within one year
Year ended 30 April
Period ended 30 April
2025
2024
£
£
Bank loans
8,600
11,680
Other creditors
361,549
306,966
370,149
318,646

Bank loans of £8,600 (2024: £11,680) are secured against the assets to which they relate.

6
Creditors: amounts falling due after more than one year
Year ended 30 April
Period ended 30 April
2025
2024
£
£
Bank loans
536,383
543,724

Bank loans of £536,383 (2024: £543,724) are secured against the assets to which they relate.

2025-04-30 2024-05-01 false false false 06 January 2026 CCH Software CCH Accounts Production 2025.300 No description of principal activity Mrs F Clifford Mr H J T Hildyard Mr H J T Hildyard 15143607 2024-05-01 2025-04-30 15143607 2025-04-30 15143607 2024-04-30 15143607 core:WithinOneYear 2025-04-30 15143607 core:WithinOneYear 2024-04-30 15143607 core:AfterOneYear 2025-04-30 15143607 core:AfterOneYear 2024-04-30 15143607 core:CurrentFinancialInstruments 2025-04-30 15143607 core:CurrentFinancialInstruments 2024-04-30 15143607 core:ShareCapital 2025-04-30 15143607 core:ShareCapital 2024-04-30 15143607 core:RetainedEarningsAccumulatedLosses 2025-04-30 15143607 core:RetainedEarningsAccumulatedLosses 2024-04-30 15143607 bus:CompanySecretaryDirector1 2024-05-01 2025-04-30 15143607 2023-09-18 2024-04-30 15143607 2024-04-30 15143607 core:CurrentFinancialInstruments core:WithinOneYear 2025-04-30 15143607 core:CurrentFinancialInstruments core:WithinOneYear 2024-04-30 15143607 core:Non-currentFinancialInstruments 2025-04-30 15143607 core:Non-currentFinancialInstruments 2024-04-30 15143607 bus:PrivateLimitedCompanyLtd 2024-05-01 2025-04-30 15143607 bus:SmallCompaniesRegimeForAccounts 2024-05-01 2025-04-30 15143607 bus:FRS102 2024-05-01 2025-04-30 15143607 bus:AuditExemptWithAccountantsReport 2024-05-01 2025-04-30 15143607 bus:Director1 2024-05-01 2025-04-30 15143607 bus:Director2 2024-05-01 2025-04-30 15143607 bus:CompanySecretary1 2024-05-01 2025-04-30 15143607 bus:FullAccounts 2024-05-01 2025-04-30 xbrli:pure xbrli:shares iso4217:GBP