Company Registration No. 14450112 (England and Wales)
HILLVALE ESTATES LTD
Unaudited accounts
for the year ended 31 October 2025
HILLVALE ESTATES LTD
Unaudited accounts
Contents
HILLVALE ESTATES LTD
Company Information
for the year ended 31 October 2025
Directors
Jacob Friedman
Abraham Oestreicher
Company Number
14450112 (England and Wales)
Registered Office
16C URBAN HIVE THEYDON ROAD
LONDON
E5 9BQ
ENGLAND
HILLVALE ESTATES LTD
Statement of financial position
as at 31 October 2025
Investment property
10,038,806
12,083,347
Cash at bank and in hand
107
162,678
Creditors: amounts falling due within one year
(4,859,006)
(5,540,807)
Net current liabilities
(3,560,696)
(4,521,576)
Total assets less current liabilities
6,478,110
7,561,771
Creditors: amounts falling due after more than one year
(3,755,585)
(4,540,425)
Provisions for liabilities
Deferred tax
(844,115)
(872,260)
Net assets
1,878,410
2,149,086
Called up share capital
2
2
Fair value reserve
2,532,316
2,616,750
Profit and loss account
(653,908)
(467,666)
Shareholders' funds
1,878,410
2,149,086
For the year ending 31 October 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered 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 profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 24 July 2026 and were signed on its behalf by
Abraham Oestreicher
Director
Company Registration No. 14450112
HILLVALE ESTATES LTD
Notes to the Accounts
for the year ended 31 October 2025
HILLVALE ESTATES LTD is a private company, limited by shares, registered in England and Wales, registration number 14450112. The registered office is 16C URBAN HIVE THEYDON ROAD, LONDON, E5 9BQ, ENGLAND.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Investment property is included at market fair value. Gains are recognised in the income statement. Deferred taxation is provided on these gains at the rate expected to apply when the property is sold.
The financial statements have been prepared in accordance with the accounting principles appropriate to a going concern, notwithstanding the company's net current liabilities. As at the date of approval of the financial statements, one of the company’s principal creditors is a related party who has pledged to continue to make available such funds as are required by the company.
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 accounts. 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.
Basic financial instruments are recognised at amortised cost, except for investments in non-convertible preference and non-puttable ordinary shares which are measured at fair value, with changes recognised in profit or loss. Derivative financial instruments are initially recorded at cost and thereafter at fair value with changes recognised in profit or loss.
HILLVALE ESTATES LTD
Notes to the Accounts
for the year ended 31 October 2025
Accounting Estimates and Judgements
Judgements made by the directors in the application of these accounting policies that have significant effect on the financial statements and estimates with a significant risk of material adjustment in the next year are as follows:
Property valuation
The valuation of the company's investment property is inherently subjective, depending on many factors including the nature of the property, its location and expected future net rental values. Therefore the valuation is subject to a degree of uncertainty and is made on the basis of assumptions which may not prove to be accurate, particularly in periods of difficult market or economic conditions.
Trade and other debtors
Management uses available evidence of the credit status of the counterparty in making judgements concerning any need to impair the carrying value of any amounts due to the company.
Fair value at 1 November 2024
12,083,347
Net loss from fair value adjustments
(112,579)
At 31 October 2025
10,038,806
Investment property fair values are based on a valuation of the company’s commercial property portfolio carried out on 9 Feb 2024 by Colliers International Property Consultants Limited, who are not connected with the company. The directors are of the opinion that there has been no material change between the date of the valuation and the 31st October 2025.
The historical cost of the properties at 31 October 2025 is £6,662,373.
Amounts falling due within one year
Trade debtors
85,581
84,619
Other debtors
1,205,740
757,028
6
Creditors: amounts falling due within one year
2025
2024
Bank loans and overdrafts
2,057,070
1,712,894
Trade creditors
92,871
123,188
Other creditors
2,707,315
3,703,125
Included in other creditors is £1,501,575 due to related companies in which Mr Oestreicher & Mr Friedman, directors of this company are also directors.
The bank loan of £2,057,070 is secured by legal charges over the company's investment properties.
HILLVALE ESTATES LTD
Notes to the Accounts
for the year ended 31 October 2025
7
Creditors: amounts falling due after more than one year
2025
2024
Bank loans
3,755,585
4,540,425
The bank loans of £3,755,585 is secured by legal charges over the company's investment properties.
8
Average number of employees
During the year the average number of employees was 0 (2024: 0).