ACCOUNTS - Final Accounts preparation

Cash and cash equivalents

Registered number: 08902553

HILLGATE PARTNERS LIMITED

UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 28 FEBRUARY 2025

HILLGATE PARTNERS LIMITED

REGISTERED NUMBER: 08902553

BALANCE SHEET

AS AT 28 FEBRUARY 2025

	28 February	29 February
	2025	2024
Note	£	£


Current assets
Debtors: amounts falling due within one year	5	-		112,161
Cash at bank and in hand	6	174,940		153,662
		174,940		265,823
Creditors: amounts falling due within one year	7	(7,617)		(2,700)
Net current assets			167,323		263,123
Total assets less current liabilities			167,323		263,123

Net assets			167,323		263,123

Capital and reserves
Called up share capital	100	100
Profit and loss account	167,223	263,023
	167,323	263,123

The director considers 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 year in question in accordance with section 476 of the Companies Act 2006.

The director acknowledges his 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 statement of income and retained earnings 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 23 July 2026.

F Boldrini

Director

The notes on pages 3 to 6 form part of these financial statements.

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HILLGATE PARTNERS LIMITED

REGISTERED NUMBER: 08902553

BALANCE SHEET (CONTINUED)

AS AT 28 FEBRUARY 2025

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HILLGATE PARTNERS LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 28 FEBRUARY 2025

1.	General information

Hillgate Partners Limiyed is a private company limited by shares and registered in England and Wales. The address of its registered office is 26 Gerard Road, London SW13 9RG.

2.Accounting policies

2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with FRS 102 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland' and the requirements of 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:

2.2

Revenue

Revenue comprises fees receivable and is recognised in the Statement of Income and Retained Earnings in the period the service is performed.

2.3

Interest income

Interest income is recognised in profit or loss using the effective interest method.

2.4

Taxation

Tax is recognised in profit or loss except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the balance sheet date in the countries where the Company operates and generates income.

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HILLGATE PARTNERS LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 28 FEBRUARY 2025

2.Accounting policies (continued)

2.5

Tangible fixed assets

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, using the straight-line method.

Depreciation is provided on the following basis:

				Fixtures and fittings	-	33%	Straight line
				Computer equipment	-	33%	Straight line

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.

2.6

Debtors

Short-term debtors are measured at transaction price, less any impairment.

2.7

Cash and cash equivalents

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours.

2.8

Creditors

Short-term creditors are measured at the transaction price.

2.9

Dividends

Equity dividends are recognised when they become legally payable. Interim equity dividends are recognised when paid. Final equity dividends are recognised when approved by the shareholders at an annual general meeting.

Employees

The average monthly number of employees, including directors, during the year was 1 (2024 - 1).

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HILLGATE PARTNERS LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 28 FEBRUARY 2025

4.	Tangible fixed assets

	Fixtures and fittings	Computer equipment	Total
	£	£	£
Cost or valuation
At 1 March 2024	3,829	3,287	7,116
At 28 February 2025	3,829	3,287	7,116
Depreciation
At 1 March 2024	3,829	3,287	7,116
At 28 February 2025	3,829	3,287	7,116
Net book value
At 28 February 2025	-	-	-
At 29 February 2024	-	-	-

Debtors

					28 February	29 February
					2025	2024
					£	£


Other debtors	-	112,161
	-	112,161

Cash at bank and in hand	174,940	153,662
	174,940	153,662

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HILLGATE PARTNERS LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 28 FEBRUARY 2025

Corporation tax	874	-
Other creditors	1,208	-
Accruals and deferred income	5,535	2,700
	7,617	2,700

8.	Transactions with directors

During the period advances totalling £NIL (2024: £120,894) were made to the director. Interest of £NIL (2024: £1,650) is payable to the company by the director. At the balance sheet date £1,208 was due to the the director (2024: £112,161 due to the company.) The advances during the prior year were discharged by dividend in April 2024.

9.	Controlling party

During the current and preceding period the company was under the control of the director.

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