Registration number: 01375662

Hilliard Brothers (Ewell) Limited

Statement of Financial Position as at 31 October 2025

	Note	2025 £	2024 £
Fixed assets
Tangible assets	7	82,609	88,444
Investment property	8	2,444,363	2,444,363
		2,526,972	2,532,807
Current assets
Debtors	9	254,782	62,454
Cash at bank and in hand		13,136	90,039
		267,918	152,493
Creditors: Amounts falling due within one year	10	(124,159)	(121,887)
Net current assets		143,759	30,606
Total assets less current liabilities		2,670,731	2,563,413
Provisions for liabilities		(113,528)	(113,523)
Net assets		2,557,203	2,449,890
Capital and reserves
Called up share capital		5,000	5,000
Retained earnings		2,552,203	2,444,890
Shareholders' funds		2,557,203	2,449,890

These financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and FRS 102 ‘The Financial Reporting Standard Applicable in the UK and Republic of Ireland’.

The directors of Hilliard Brothers (Ewell) Limited have elected not to include a copy of the Income Statement within the financial statements, in accordance with the special provisions relating to companies subject to the small companies regime within the Companies Act 2006, s444.

Approved and authorised by the Board on 24 July 2026 and signed on its behalf by:
 

.........................................

Mr J T Hilliard

Director

Company registration number: 01375662

Hilliard Brothers (Ewell) Limited

Notes to the Financial Statements for the Year Ended 31 October 2025

1	General information

The company is a private company limited by share capital, incorporated in England and Wales.

The address of its registered office is:
The Downs Farm
Reigate Road
Ewell
Surrey
KT17 3BY

The principal activity of the company is that of property management.

2	Audit Report

The Independent Auditor's Report was unqualified. The name of the Senior Statutory Auditor who signed the audit report on 28 July 2026 was Martin Widdowson, who signed for and on behalf of Brebners.

3	Accounting policies

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 - 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' Section 1A and the Companies Act 2006.

Basis of preparation

These financial statements have been prepared using the historical cost convention except any items disclosed in the accounting policies as being shown at fair value and are presented in sterling, which is the functional currency of the entity.

Summary of significant accounting policies

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Going concern

The company made a profit for the year ended 31 October 2025 and had net assets at that date of £2,557,203.

The company continues to receive rental income from its investment properties sufficient to meet its working capital requirements.

The directors have a reasonable expectation that the company has adequate resources to continue operating in the foreseeable future. Accordingly, they continue to adopt the going concern basis in preparing the financial statements.

Hilliard Brothers (Ewell) Limited

Notes to the Financial Statements for the Year Ended 31 October 2025

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the provision of property services in the ordinary course of the company's activities. Turnover is shown net of value added tax, rebates and discounts.

Turnover from rental income is recognised evenly over the period of the lease or license.

Tax

The tax expense for the period comprises current and deferred tax. Tax is recognised in profit or loss, except that a charge attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

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

Deferred tax is recognised in respect of all timing differences between taxable profits and profits reported in the financial statements.

Unrelieved tax losses and other deferred tax assets are recognised when it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference.

Tangible assets

Tangible assets are stated in the statement of financial position at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class	Depreciation method and rate
Plant, machinery and office equipment	between 3 and 10 years straight line
Tenants fixtures	over 50 years straight line

Investment property

Investment property is carried at fair value, derived from the current market prices for comparable real estate determined annually by external valuers. The valuers use observable market prices, adjusted if necessary for any difference in the nature, location or condition of the specific asset. Changes in fair value are recognised in profit or loss.

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Hilliard Brothers (Ewell) Limited

Notes to the Financial Statements for the Year Ended 31 October 2025

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

Defined contribution pension obligation

A defined contribution plan is a pension plan under which fixed contributions are paid into a pension fund and the company has no legal or constructive obligation to pay further contributions even if the fund does not hold sufficient assets to pay all employees the benefits relating to employee service in the current and prior periods.

Contributions to defined contribution plans are recognised as employee benefit expense when they are due. If contribution payments exceed the contribution due for service, the excess is recognised as a prepayment.

4	Staff numbers

The average number of persons employed by the company during the year was 0 (2024 - 0).

5	Auditor's remuneration

	2025 £	2024 £
Audit of the financial statements	4,500	4,500

 

6	Profit before tax

Arrived at after charging/(crediting)

	2025 £	2024 £
Depreciation expense	5,835	5,836

Hilliard Brothers (Ewell) Limited

Notes to the Financial Statements for the Year Ended 31 October 2025

7	Tangible assets

	Tenants Fixtures £	Plant, Machinery & Office Equipment  £	Total £
Cost or valuation
At 1 November 2024	198,574	46,606	245,180
At 31 October 2025	198,574	46,606	245,180
Depreciation
At 1 November 2024	118,122	38,614	156,736
Charge for the year	3,971	1,864	5,835
At 31 October 2025	122,093	40,478	162,571
Carrying amount
At 31 October 2025	76,481	6,128	82,609
At 31 October 2024	80,452	7,992	88,444

8	Investment properties

	2025 £
Fair value
At 1 November 2024	2,444,363
At 31 October 2025	2,444,363

The investment properties are reflected at fair value at 31 October 2025 at an amount of £2,444,363 as estimated by the directors.

9

Debtors

	2025 £	2024 £
Trade debtors	47,596	45,908
Amounts owed by group undertakings	189,165	-
Other debtors	18,021	16,546
	254,782	62,454

Hilliard Brothers (Ewell) Limited

Notes to the Financial Statements for the Year Ended 31 October 2025

10

Creditors

Creditors: amounts falling due within one year

	2025 £	2024 £
Trade creditors	19,130	17,709
Amounts owed to group undertakings	-	23,085
Taxation and social security	39,901	19,779
Other creditors	65,128	61,314
	124,159	121,887

11	Contingent liabilities

The company has guaranteed the bank borrowings of the parent undertaking, Dwellcourt Limited. At 31 October 2025 no amounts are outstanding and therefore no liability is expected to arise. The guarantee is secured by a fixed and floating charge on company’s assets and undertakings.

12	PROFIT AND LOSS ACCOUNT

The profit and loss account includes an amount of £1,485,574 (2024: £1,485,574) which is non-distributable.

13	Related party transactions

Exemption has been taken under FRS 102 Paragraph 1AC.35 not to disclosure transactions or amounts falling due with companies that are wholly owned within the group.

14	Parent and ultimate parent undertaking

The parent of the largest and smallest group in which the results of the company are included is Dwellcourt Limited.

The registered address of Dwellcourt Limited is the Downs Farm, Reigate Road, Epsom Surrey. KT17 3BY.

Ultimate control vests with the trustees of 'The Thomas Albert Hilliard Discretionary Trust'.