Hill Squared Ltd

Contents

Company Information	1
Balance Sheet	2 to 3
Notes to the Unaudited Financial Statements	4 to 8

Hill Squared Ltd

Company Information

Director

L M Hill

Registered Office

20-22 Wenlock Road London N1 7GU

Registered Number

13420794

Accountants

Verinder Powell Associates Limited Suite 5 Corum 2 Corum Office Park Crown Way Warmley Bristol BS30 8FJ

Hill Squared Ltd

(Registration number: 13420794)
Balance Sheet as at 31 May 2026

	Note	2026 £	2025 £
Fixed assets
Investment property	5	450,000	472,000
Current assets
Debtors	6	4,941	5,105
Cash at bank and in hand		2,187	3,240
		7,128	8,345
Creditors: Amounts falling due within one year	7	(176,695)	(169,845)
Net current liabilities		(169,567)	(161,500)
Total assets less current liabilities		280,433	310,500
Creditors: Amounts falling due after more than one year	7	(271,208)	(271,208)
Net assets		9,225	39,292
Capital and reserves
Called up share capital		100	100
Retained earnings		9,125	39,192
Shareholders' funds		9,225	39,292

Hill Squared Ltd

(Registration number: 13420794)
Balance Sheet as at 31 May 2026

For the financial year ending 31 May 2026 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

•	The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and
•	The director acknowledges her responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the director has not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the director on 18 September 2026
 

......................................... L M Hill Director

Hill Squared Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 May 2026

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:
20-22 Wenlock Road
London
N1 7GU

These financial statements were authorised for issue by the director on 18 September 2026.

2	Accounting policies

Summary of significant accounting policies and key accounting estimates

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.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime). There have been no material departures from the Financial Reporting Standard 102 1A.

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value. The financial statements are prepared in Pounds Sterling (£), and are rounded to the nearest pound.

Going concern

The financial statements have been prepared on a going concern basis following confirmation that the director will continue to financially support the company in order to maintain its operations as necessary for the foreseeable future and at least 12 months from the date of signing the financial statements.

Turnover

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

The company recognises revenue when:
- the amount of revenue can be reliably measured;
- it is probable that future economic benefits will flow to the entity;
- and specific criteria have been met for each of the company's activities.

Tax

The tax expense for the period comprises tax. Tax is recognised in profit or loss, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Hill Squared Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 May 2026

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 balance sheet 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
Fixtures and fittings	33% on cost

Investment property

Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is 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.

Borrowings

Interest-bearing borrowings are initially recorded at fair value, net of transaction costs. Interest-bearing borrowings are subsequently carried at amortised cost, with the difference between the proceeds, net of transaction costs, and the amount due on redemption being recognised as a charge to the profit and loss account over the period of the relevant borrowing.

Interest expense is recognised on the basis of the effective interest method and is included in interest payable and similar charges.

Borrowings are classified as current liabilities unless the company has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date.

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.

Hill Squared Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 May 2026

3	Staff numbers

The average number of persons employed by the company (including the director) during the year, was 1 (2025 - 1).

4	Tangible assets

	Fixtures and fittings £	Total £
Cost or valuation
At 1 June 2025	11,424	11,424
At 31 May 2026	11,424	11,424
Depreciation
At 1 June 2025	11,424	11,424
At 31 May 2026	11,424	11,424
Carrying amount
At 31 May 2026	-	-

5	Investment property

	2026 £
At 1 June 2025	472,000
Fair value adjustments	(22,000)
At 31 May 2026	450,000

The fair value of the investment property has been arrived at by a valuation by the director at the open market value at 31 May 2026 based on similar properties.

The historical cost of the investment property is £390,979 (2025 - £390,979).

Hill Squared Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 May 2026

6

Debtors

	2026 £	2025 £
Prepayments and accrued income	4,941	5,105
	4,941	5,105

7

Creditors

Due within one year	Note	2026 £	2025 £
Bank borrowings		9,056	9,056
Amounts owed to related parties	8	163,409	158,112
Accruals and deferred income		4,230	2,677
		176,695	169,845

 

	2026 £	2025 £
Due after one year
Loans and borrowings	271,208	271,208

At 31 May 2026, the company had secured borrowings falling due within one year of £9,056 (2025 - £9,056) and amounts falling due in more than one year of £271,208 (2025 - £271,208).

Bank loans are secured by a legal charge which covers all freehold property known as 5 Southampton Road, Lymington, SO41 9GH.
 

Hill Squared Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 May 2026

8	Related party transactions

Loans from related parties

2026	Key management £	Total £
At start of period	158,112	158,112
Advanced	5,311	5,311
Repaid	(14)	(14)
At end of period	163,409	163,409

2025	Key management £	Total £
At start of period	153,800	153,800
Advanced	4,312	4,312
At end of period	158,112	158,112

Terms of loans from related parties

Loans from key management are interest free and repayable on demand.