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Company No: 01449169 (England and Wales)

# HILLS OF NEWARK LTD

### Unaudited Financial Statements
For the financial year ended 31 January 2026
Pages for filing with the registrar

HILLS OF NEWARK LTD

## Unaudited Financial Statements

For the financial year ended 31 January 2026

Contents

HILLS OF NEWARK LTD

## COMPANY INFORMATION

For the financial year ended 31 January 2026
HILLS OF NEWARK LTD

## COMPANY INFORMATION (continued)

For the financial year ended 31 January 2026

DIRECTOR | N D Hill

SECRETARY | D A Hill

REGISTERED OFFICE | 38 Barnbygate
| Newark
| NG24 1PZ
| United Kingdom

COMPANY NUMBER | 01449169 (England and Wales)

ACCOUNTANT | Duncan & Toplis Limited
| 14 London Road
| Newark
| NG24 1TW

HILLS OF NEWARK LTD

## STATEMENT OF FINANCIAL POSITION

As at 31 January 2026
HILLS OF NEWARK LTD

## STATEMENT OF FINANCIAL POSITION (continued)

As at 31 January 2026

| Note | 2026 |  | 2025
|  | £ |  | £
Fixed assets |  |  |  |
Tangible assets | 3 | 294,940 |  | 297,902
Investment property | 4 | 3,799,000 |  | 3,799,000
|  | 4,093,940 |  | 4,096,902
Current assets |  |  |  |
Stocks |  | 47,538 |  | 44,928
Debtors | 5 | 4,334 |  | 4,864
Cash at bank and in hand |  | 112,951 |  | 69,049
|  | 164,823 |  | 118,841
Creditors: amounts falling due within one year | 6 | ( 481,987) |  | ( 475,603)
Net current liabilities |  | (317,164) |  | (356,762)
Total assets less current liabilities |  | 3,776,776 |  | 3,740,140
Creditors: amounts falling due after more than one year | 7 | ( 136,338) |  | ( 191,780)
Provision for liabilities |  | ( 319,259) |  | ( 319,999)
Net assets |  | 3,321,179 |  | 3,228,361
Capital and reserves |  |  |  |
Called-up share capital | 8 | 10,000 |  | 10,000
Fair value reserve |  | 2,024,908 |  | 2,024,908
Profit and loss account |  | 1,286,271 |  | 1,193,453
Total shareholders' funds |  | 3,321,179 |  | 3,228,361

For the financial year ending 31 January 2026 the Company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

- The members have not required the Company to obtain an audit of its financial statements for the financial year in accordance with section 476;
- The director acknowledges their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements; and
- These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime and a copy of the Income Statement has not been delivered.

The financial statements of Hills of Newark Ltd (registered number: 01449169) were approved and authorised for issue by the Director on 15 April 2026. They were signed on its behalf by:

N D Hill Director |

HILLS OF NEWARK LTD

## NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 31 January 2026
HILLS OF NEWARK LTD

## NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 31 January 2026

##### 1. Accounting policies

The principal accounting policies are summarised below. They have all been applied consistently throughout the financial year and to the preceding financial year, unless otherwise stated.

##### General information and basis of accounting

Hills of Newark Ltd (the Company) is a private company, limited by shares, incorporated in the United Kingdom under the Companies Act 2006 and is registered in England and Wales. The address of the Company's registered office is 38 Barnbygate, Newark, NG24 1PZ, United Kingdom.
The financial statements have been prepared under the historical cost convention, modified to include the revaluation of freehold properties and to include investment properties and certain items at fair value, and in accordance with Section 1A of Financial Reporting Standard 102 (FRS 102) ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland’ issued by the Financial Reporting Council and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.
The financial statements are presented in pounds sterling which is the functional currency of the Company and rounded to the nearest £.

##### Turnover

Turnover is recognised at the fair value of the consideration received or receivable for goods and services provided in the normal course of business, and is shown net of VAT and other sales related taxes. The fair value of consideration takes into account trade discounts, settlement discounts and volume rebates.
Turnover is recognised when the significant risks and rewards are considered to have been transferred to the customer.

##### Taxation

Current tax
Current tax is provided at amounts expected to be paid (or recoverable) using the tax rates and laws that have been enacted or substantively enacted at the Statement of Financial Position date.
Deferred tax
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the Company's financial statements. Deferred tax is provided in full on timing differences which result in an obligation to pay more or less tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws. Deferred tax assets and liabilities are not discounted.
The carrying amount of deferred tax assets are reviewed at each reporting date and a valuation allowance is set up against deferred tax assets so that the net carrying amount equals the highest amount that is more likely than not to be recovered based on current or future taxable profit.

##### Tangible fixed assets

Tangible fixed assets are stated at cost or valuation, net of depreciation and any provision for impairment. Depreciation is provided on all tangible fixed assets, other than investment property and freehold land, at rates calculated to write off the cost or valuation, less estimated residual value, of each asset on a straight-line or reducing balance basis over its expected useful life, as follows:

Land and buildings | not depreciated
Plant and machinery etc. | 15 - 25 % reducing balance

Residual value represents the estimated amount which would currently be obtained from disposal of an asset, after deducting estimated costs of disposal, if the asset were already of the age and in the condition expected at the end of its useful life.
The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to profit or loss.

##### Investment property

Investment property is initially recognised at cost, which includes the purchase cost and any directly attributable expenditure. Subsequently it is measured at fair value at each reporting date with changes in fair value recognised in profit or loss. Deferred taxation is provided on these gains at the rate expected to apply when the property is sold.

##### Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to sell, which is equivalent to the net realisable value. Cost includes materials, direct labour and an attributable proportion of manufacturing overheads based on normal levels of activity. Cost is calculated using the FIFO (first-in, first-out) method. Provision is made for obsolete, slow-moving or defective items where appropriate.
At each reporting date, an assessment is made for impairment. Any excess of the carrying amount of stocks over its estimated selling price less costs to complete and sell is recognised as an impairment loss in profit or loss. Reversals of impairment losses are also recognised in profit or loss.

##### Provisions

Provisions are recognised when the Company has a present obligation (legal or constructive) as a result of a past event, it is probable that the Company will be required to settle that obligation and a reliable estimate can be made of the amount of the obligation.
The amount recognised as a provision is the best estimate of the consideration required to settle the present obligation at the Statement of Financial Position date, taking into account the risks and uncertainties surrounding the obligation. Where a provision is measured using the cash flows estimated to settle the present obligation, its carrying amount is the present value of those cash flows (when the effect of the time value of money is material).
When some or all of the economic benefits required to settle a provision are expected to be recovered from a third party, a receivable is recognised as an asset if it is virtually certain that reimbursement will be received and the amount of the receivable can be measured reliably.

##### Pension costs and other post-retirement benefits

The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme
are charged to profit or loss in the period to which they relate.

#### 2. Employees

| 2026 |  | 2025
| Number |  | Number
Monthly average number of persons employed by the Company during the year, including the director | 10 |  | 10

#### 3. Tangible assets

| Land and buildings |  | Plant and machinery etc. |  | Total
| £ |  | £ |  | £
Cost |  |  |  |  |
At 01 February 2025 | 270,000 |  | 128,664 |  | 398,664
Additions | 0 |  | 1,732 |  | 1,732
At 31 January 2026 | 270,000 |  | 130,396 |  | 400,396
Accumulated depreciation |  |  |  |  |
At 01 February 2025 | 0 |  | 100,762 |  | 100,762
Charge for the financial year | 0 |  | 4,694 |  | 4,694
At 31 January 2026 | 0 |  | 105,456 |  | 105,456
Net book value |  |  |  |  |
At 31 January 2026 | 270,000 |  | 24,940 |  | 294,940
At 31 January 2025 | 270,000 |  | 27,902 |  | 297,902

#### 4. Investment property

| Investment property
| £
Valuation |
As at 01 February 2025 | 3,799,000
As at 31 January 2026 | 3,799,000

The directors carried out the property valuation having regard to the market based evidence for similar properties sold in the local area, subject to occupational leases where appropriate.

Historic cost

If the investment properties had been accounted for under the cost accounting rules, the properties would have been measured as follows:

| 2026 |  | 2025
| £ |  | £
Historic cost | 1,622,817 |  | 1,622,817

#### 5. Debtors

| 2026 |  | 2025
| £ |  | £
Trade debtors | 1,421 |  | 827
Other debtors | 2,913 |  | 4,037
| 4,334 |  | 4,864

#### 6. Creditors: amounts falling due within one year

| 2026 |  | 2025
| £ |  | £
Bank loans (secured) | 31,831 |  | 8,220
Trade creditors | 10,790 |  | 17,597
Taxation and social security | 53,182 |  | 46,090
Other creditors | 386,184 |  | 403,696
| 481,987 |  | 475,603

#### 7. Creditors: amounts falling due after more than one year

| 2026 |  | 2025
| £ |  | £
Bank loans (secured) | 136,338 |  | 191,780

#### 8. Called-up share capital

| 2026 |  | 2025
| £ |  | £
Allotted, called-up and fully-paid |  |  |
4,900 A ordinary shares of £ 1.00 each | 4,900 |  | 4,900
3,500 B ordinary shares of £ 1.00 each | 3,500 |  | 3,500
800 C ordinary shares of £ 1.00 each | 800 |  | 800
800 D ordinary shares of £ 1.00 each | 800 |  | 800
| 10,000 |  | 10,000