Company Registration No. 11019259 (England and Wales)
Hillcrest Nottingham Ltd
Unaudited accounts
for the year ended 31 March 2026
Hillcrest Nottingham Ltd
Unaudited accounts
Contents
Hillcrest Nottingham Ltd
Company Information
for the year ended 31 March 2026
Directors
Gurmit Singh Landa
Asha Kaur Landa
Company Number
11019259 (England and Wales)
Registered Office
326-330 Hucknall Road
Sherwood
Nottingham
Nottinghamshire
NG5 1FS
ENGLAND
Accountants
Net Accountancy Solutions Limited
12 Harles Acres
Hickling
Melton Mowbray
LEICESTERSHIRE
LE14 3AF
Hillcrest Nottingham Ltd
Statement of financial position
as at 31 March 2026
Tangible assets
10,263
13,685
Investment property
4,910,074
4,857,460
Cash at bank and in hand
39,849
35,411
Creditors: amounts falling due within one year
(899,682)
(1,479,914)
Net current liabilities
(847,323)
(1,406,041)
Total assets less current liabilities
4,073,014
3,465,104
Creditors: amounts falling due after more than one year
(1,517,693)
(929,754)
Net assets
2,555,321
2,535,350
Called up share capital
100
100
Share premium
2,220,031
2,220,031
Profit and loss account
335,190
315,219
Shareholders' funds
2,555,321
2,535,350
For the year ending 31 March 2026 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 3 August 2026 and were signed on its behalf by
Gurmit Singh Landa
Director
Company Registration No. 11019259
Hillcrest Nottingham Ltd
Notes to the Accounts
for the year ended 31 March 2026
Hillcrest Nottingham Ltd is a private company, limited by shares, registered in England and Wales, registration number 11019259. The registered office is 326-330 Hucknall Road, Sherwood, Nottingham, Nottinghamshire, NG5 1FS, 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 property held to earn rentals and/or for capital appreciation.
Investment property is initially measured at cost, which includes the purchase cost and directly attributable expenditure. Subsequently investment properties whose fair value can be measured reliably without undue cost or effort on an on-going
basis are measured at fair value at the reporting date. The surplus or deficit on revaluation is recognised in profit or loss in the period in which they arise.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Fixtures & fittings
25% reducing balance
Hillcrest Nottingham Ltd
Notes to the Accounts
for the year ended 31 March 2026
4
Tangible fixed assets
Fixtures & fittings
Fair value at 1 April 2025
4,857,460
At 31 March 2026
4,910,074
The investment property has been measured at fair value, which is the open market value of the property. The fair value was arrived at by a fully qualified chartered surveyor. The fair value adjustment has been taken through the profit & loss account.
Amounts falling due within one year
Trade debtors
12,510
32,282
7
Creditors: amounts falling due within one year
2026
2025
Bank loans and overdrafts
52,334
740,075
Trade creditors
(3,381)
49,010
Taxes and social security
4,637
(852)
Other creditors
664,571
530,481
Loans from directors
151,587
161,200
Hillcrest Nottingham Ltd
Notes to the Accounts
for the year ended 31 March 2026
8
Creditors: amounts falling due after more than one year
2026
2025
Bank loans
1,517,693
929,754
The company has allowed a floating charge over the company's assets in favour of Handelsbanken, including the investment properties with a carrying amount of £4,910,605 (2025: £4,857,460), as security for the bank loan.
9
Transactions with related parties
9. Included in 'other creditors' is an amount of £286,137 (2025: £183,467) owed to A K Property Portfolio LLP, a partnership where director G S Landa is the managing partner. 'Other creditors' also includes an amount of £237,110 (2025: £237,110) owed to the family trust which has financed residential building work done by the company. Finally loans totalling £75,531 (2025: £75,531) are owed to various family members. These amounts are interest free and repayable on demand.
10
Average number of employees
During the year the average number of employees was 0 (2025: 0).