Company Registration No. 15792441 (England and Wales)
HILLTOP NORTH LIMITED
UNAUDITED FINANCIAL STATEMENTS
FOR THE PERIOD ENDED
30 JUNE 2025
30 June 2025
PAGES FOR FILING WITH REGISTRAR
PM+M Solutions for Business LLP
Chartered Accountants
New Century House
Greenbank Technology Park
Challenge Way
Blackburn
Lancashire
BB1 5QB
HILLTOP NORTH LIMITED
CONTENTS
Page
Statement of financial position
1
Notes to the financial statements
2 - 5
HILLTOP NORTH LIMITED
STATEMENT OF FINANCIAL POSITION
AS AT
30 JUNE 2025
30 June 2025
- 1 -
2025
Notes
£
£
Current assets
Stocks
239,867
Debtors
4
7,074
Cash at bank and in hand
16,883
263,824
Creditors: amounts falling due within one year
5
(267,373)
Net current liabilities
(3,549)
Capital and reserves
Called up share capital
6
6
Profit and loss reserves
(3,555)
Total equity
(3,549)

For the financial period ended 30 June 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 period 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 income statement within the financial statements.true

The financial statements were approved by the board of directors and authorised for issue on 17 March 2026 and are signed on its behalf by:
Mr N Brain
Director
Company registration number 15792441 (England and Wales)
HILLTOP NORTH LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 30 JUNE 2025
- 2 -
1
Accounting policies
Company information

Hilltop North Limited is a private company limited by shares incorporated in England and Wales. The registered office is Options House, Atkin Street, Worsley, Manchester, M28 3DG.

1.1
Reporting period

These financial statements cover the period from the date of incorporation, 21 June 2024, to 30 June 2025, being the company’s first accounting period. As a result, the financial statements have been prepared for a period longer than 12 months.

1.2
Basis of preparation

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 £.

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

1.3
Going concern

During the period, the company met its day‑to‑day working capital requirements through financial support provided by a company owned by two directors of Hilltop North Limited. The directors have confirmed that they will continue to provide financial support to the company, as required, by way of loans.

On this basis, the directors consider it appropriate to prepare the financial statements on a going concern basis.

These financial statements do not include any adjustments that may be required if such support were to be withdrawn.

1.4
Revenue

Revenue from property development is recognised only upon the completion of a sale and when control of the property transfers to the purchaser.

As no development properties were sold during the financial period, no revenue has been recognised. All development costs incurred have been capitalised as stock in accordance with FRS 102, and will be recognised in profit or loss only when the corresponding sales occur.

HILLTOP NORTH LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE PERIOD ENDED 30 JUNE 2025
1
Accounting policies
(Continued)
- 3 -
1.5
Stocks

Development properties held for sale are classified as stock and are stated at the lower of cost and estimated selling price less costs to complete and sell.

Cost comprises:

- Purchase price of land and buildings.

- Direct development and construction costs.

- Professional fees.

- Directly attributable overheads incurred in bringing the property to its present location and condition.

Development properties are not depreciated, as they are not held for use but for sale.

They remain classified as stock until the point of sale, at which time the related costs are recognised in the profit and loss account as cost of sales.

If the carrying amount exceeds the net realisable value, a write‑down is recognised immediately in the profit and loss account.

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.

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 statement of financial position 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.

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.

1.8
Taxation

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

HILLTOP NORTH LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE PERIOD ENDED 30 JUNE 2025
1
Accounting policies
(Continued)
- 4 -
Current tax

The tax currently payable is based on taxable profit for the year. Taxable profit differs from net profit as reported in the income statement 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.

2
Judgements and key sources of estimation uncertainty

In the application of the company’s accounting policies, the directors are required to make judgements, estimates and assumptions about the carrying amount of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates.

The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised where the revision affects only that period, or in the period of the revision and future periods where the revision affects both current and future periods.

3
Employees

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

2025
Number
Total
5
4
Debtors
2025
Amounts falling due within one year:
£
Other debtors
7,074
5
Creditors: amounts falling due within one year
2025
£
Trade creditors
1,200
Other creditors
266,173
267,373
HILLTOP NORTH LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE PERIOD ENDED 30 JUNE 2025
- 5 -
6
Called up share capital
2025
2025
Ordinary share capital
Number
£
Issued and fully paid
Ordinary of £1 each
6
6
7
Related party transactions

During the period, the company received financial support in the form of a loan from a company controlled by two of the directors.

At the period end, the balance outstanding on this loan was £264,522.

This loan is interest free and has no fixed repayment terms.

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