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Registered number: 03027338
HILLSIDE ANIMAL SANCTUARY LIMITED
UNAUDITED
FINANCIAL STATEMENTS
INFORMATION FOR FILING WITH THE REGISTRAR
FOR THE PERIOD ENDED 5 APRIL 2025
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HILLSIDE ANIMAL SANCTUARY LIMITED
REGISTERED NUMBER: 03027338
BALANCE SHEET
AS AT 5 APRIL 2025
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Debtors: amounts falling due within one year
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Creditors: amounts falling due within one year
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Net current assets/(liabilities)
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Total assets less current liabilities
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Creditors: amounts falling due after more than one year
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HILLSIDE ANIMAL SANCTUARY LIMITED
REGISTERED NUMBER: 03027338
BALANCE SHEET (CONTINUED)
AS AT 5 APRIL 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 period 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 profit and loss account 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 8 July 2026.
The notes on pages 3 to 8 form part of these financial statements.
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HILLSIDE ANIMAL SANCTUARY LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 5 APRIL 2025
Hillside Animal Sanctuary Limited is a private company, limited by shares, domiciled in England and Wales, registration number 03027338. The registered office is Hillside Hall Lane, Frettenham, Norwich, Norfolk, NR12 7LT.
The accounting period covered by the accounts is 1 October 2023 to 5 April 2025 inclusive, with the prior period covering 1 April 2023 to 30 September 2023 and therefore the comparative are not entirely comparable. The accounts period has been changed for commercial reasons.
2.Accounting policies
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Basis of preparation of financial statements
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The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and 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:
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:
Donations and legacies are recognised in full in the profit and loss account when the company's entitlement is established and the amount receivable can be reliably quantified.
Income from trading activities includes mail order and rental income. Income is received in exchange for services in order to raise funds and is recognised when the services have been provided.
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Operating leases: the Company as lessee
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Rentals paid under operating leases are charged to profit or loss on a straight-line basis over the lease term.
Benefits received and receivable as an incentive to sign an operating lease are recognised on a straight-line basis over the lease term, unless another systematic basis is representative of the time pattern of the lessee's benefit from the use of the leased asset.
Interest income is recognised in profit or loss using the effective interest method.
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.
All borrowing costs are recognised in profit or loss in the period in which they are incurred.
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HILLSIDE ANIMAL SANCTUARY LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 5 APRIL 2025
2.Accounting policies (continued)
Defined contribution pension plan
The Company operates a defined contribution plan for its employees. A defined contribution plan is a pension plan under which the Company pays fixed contributions into a separate entity. Once the contributions have been paid the Company has no further payment obligations.
The contributions are recognised as an expense in profit or loss when they fall due. Amounts not paid are shown in accruals as a liability in the Balance Sheet. The assets of the plan are held separately from the Company in independently administered funds.
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.
Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives.
Depreciation is provided on the following basis:
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10 - 20% reducing balance
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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.
Stocks are stated at the lower of cost and net realisable value, being the estimated selling price less costs to complete and sell. The cost is on a first in first out basis.
At each balance sheet date, stocks are assessed for impairment. If stock is impaired, the carrying amount is reduced to its selling price less costs to complete and sell. The impairment loss is recognised immediately in profit or loss.
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.
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Cash and cash equivalents
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Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours.
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HILLSIDE ANIMAL SANCTUARY LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 5 APRIL 2025
2.Accounting policies (continued)
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.
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The average monthly number of employees, including directors, during the period was 138 (2023 - 135).
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Charge for the period on owned assets
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Charge for the period on financed assets
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HILLSIDE ANIMAL SANCTUARY LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 5 APRIL 2025
4.Tangible fixed assets (continued)
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The net book value of assets held under finance leases or hire purchase contracts, included above, are as follows:
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Prepayments and accrued income
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Notified legacies are recognised as accrued income when their value is known with a degree of certainty. Where legacies have been notified as at the year end, but their value remains uncertain they are treated as contingent assets. At the balance sheet date contingent legacy assets are estimated to be £4,016,000 (September 2023 - £3,348,000).
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HILLSIDE ANIMAL SANCTUARY LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 5 APRIL 2025
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Creditors: Amounts falling due within one year
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Other taxation and social security
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Obligations under finance lease and hire purchase contracts
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Accruals and deferred income
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Creditors amounting to £174,827 (September 2023 - £115,232) were secured over the assets of the company and assets on hire purchase.
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Creditors: Amounts falling due after more than one year
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Net obligations under finance leases and hire purchase contracts
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Creditors amounting to £1,104,603 (September 2023 - £1,090,587) were secured over the assets of the company and assets on hire purchase
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HILLSIDE ANIMAL SANCTUARY LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 5 APRIL 2025
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Analysis of the maturity of loans is given below:
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Amounts falling due within one year
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Amounts falling due 2-5 years
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Amounts falling due after more than 5 years
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The Company operates a defined contributions pension scheme. The assets of the scheme are held separately from those of the Company in an independently administered fund. The pension cost charge represents contributions payable by the Company to the fund and amounted to £75,094 (September 2023- £22,551) Contributions totalling £Nil (September 2023 - £12,247) were payable to the fund at the balance sheet date and are included in creditors.
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Related party transactions
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Included in other creditors is a loan due to a director.
At 1 October 2023 the amount due was £559,742, during the period personal expenses and repayments were paid totalling £863,360, funds were introduced of £317,502, leaving a balance owed to a director at the period end of £13,884.
Rent was charged and paid to a director during the period totalling £52,313.
The security in place to support the lending for the purchase of the West Runton property includes a charge over the personal assets of a director.
The West Runton property is held in joint names of the company and a director at the Land Registry, however this merely reflects the borrowing position noted above. The company has sole use of the property and the directors are satisfied that the full purchase cost has been correctly classified as a fixed sset.
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