Hillcrest Granary Yard Ltd - Accounts to registrar (filleted) - small 18.2
Hillcrest Granary Yard Ltd - Accounts to registrar (filleted) - small 18.2
| REGISTERED NUMBER: |
| Hillcrest Granary Yard Ltd |
| Financial Statements |
| for the Period 1 January 2019 to 31 March 2020 |
| Hillcrest Granary Yard Ltd (Registered number: 09976294) |
| Contents of the Financial Statements |
| for the period 1 January 2019 to 31 March 2020 |
| Page |
| Company Information | 1 |
| Balance Sheet | 2 |
| Notes to the Financial Statements | 3 |
| Hillcrest Granary Yard Ltd |
| Company Information |
| for the period 1 January 2019 to 31 March 2020 |
| DIRECTORS: |
| REGISTERED OFFICE: |
| REGISTERED NUMBER: |
| AUDITORS: |
| Chartered Accountants and |
| Statutory Auditor |
| 28 Eaton Avenue |
| Matrix Office Park |
| Buckshaw Village |
| Chorley |
| Lancashire |
| PR7 7NA |
| Hillcrest Granary Yard Ltd (Registered number: 09976294) |
| Balance Sheet |
| 31 March 2020 |
| 2020 | 2018 |
| Notes | £ | £ |
| CURRENT ASSETS |
| Debtors | 5 |
| Cash at bank |
| CREDITORS |
| Amounts falling due within one year | 6 |
| NET CURRENT LIABILITIES | ( |
) | ( |
) |
| TOTAL ASSETS LESS CURRENT LIABILITIES |
( |
) |
( |
) |
| CAPITAL AND RESERVES |
| Called up share capital | 7 |
| Other reserves | 8 |
| Retained earnings | 8 | ( |
) | ( |
) |
| SHAREHOLDERS' FUNDS | ( |
) | ( |
) |
| In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered. |
| The financial statements were approved by the Board of Directors and authorised for issue on |
| Hillcrest Granary Yard Ltd (Registered number: 09976294) |
| Notes to the Financial Statements |
| for the period 1 January 2019 to 31 March 2020 |
| 1. | STATUTORY INFORMATION |
| Hillcrest Granary Yard Ltd is a |
| The presentation currency of the financial statements is the Pound Sterling (£). |
| The amounts in the financial statements have been rounded to the nearest £1. |
| 2. | STATEMENT OF COMPLIANCE |
| 3. | ACCOUNTING POLICIES |
| Basis of preparing the financial statements |
| Related party exemption |
| The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group. |
| Going concern |
| At the balance sheet date the company had an excess of liabilities over assets. The financial statements have been prepared on a going concern basis as the major shareholder of the ultimate parent undertaking, Nikal (Jersey) Limited, has confirmed that the parent company will continue to provide financial support to the company for the foreseeable future. |
| Taxation |
| Taxation for the period comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity. |
| Current or deferred taxation assets and liabilities are not discounted. |
| Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date. |
| Deferred tax |
| Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date. |
| Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the period end and that are expected to apply to the reversal of the timing difference. |
| Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. |
| Hillcrest Granary Yard Ltd (Registered number: 09976294) |
| Notes to the Financial Statements - continued |
| for the period 1 January 2019 to 31 March 2020 |
| 3. | ACCOUNTING POLICIES - continued |
| Financial instrument |
| Financial instruments are classified and accounted for according to the substance of the contractual arrangement as financial assets, financial liabilities or equity instruments. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities. |
| 4. | EMPLOYEES AND DIRECTORS |
| The average number of employees during the period was NIL (2018 - NIL). |
| 5. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
| 2020 | 2018 |
| £ | £ |
| Other debtors |
| 6. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
| 2020 | 2018 |
| £ | £ |
| Trade creditors |
| Amounts owed to group undertakings |
| Other creditors |
| 7. | CALLED UP SHARE CAPITAL |
| Allotted, issued and fully paid: |
| Number: | Class: | Nominal | 2020 | 2018 |
| value: | £ | £ |
| Ordinary | £1 | 100 | 100 |
| 8. | RESERVES |
| Retained | Other |
| earnings | reserves | Totals |
| £ | £ | £ |
| At 1 January 2019 | ( |
) | (186,291 | ) |
| Deficit for the period | ( |
) | ( |
) |
| At 31 March 2020 | ( |
) | (277,072 | ) |
| 9. | DISCLOSURE UNDER SECTION 444(5B) OF THE COMPANIES ACT 2006 |
| The Report of the Auditors was unqualified. |
| for and on behalf of |
| Hillcrest Granary Yard Ltd (Registered number: 09976294) |
| Notes to the Financial Statements - continued |
| for the period 1 January 2019 to 31 March 2020 |
| 10. | CONTROLLING PARTY |
| The controlling party is Nikal Ltd, which prepares consolidated financial statements. Copies of these accounts are publicly available, and available from the head office of Nikal Ltd. |
| 11. | ULTIMATE CONTROLLING PARTY |
| The ultimate parent company is Nikal (Jersey) Limited, a company incorporated in Jersey. Nikal (Jersey) Limited is exempt from the requirement to prepare group accounts. Nikal (Jersey) Limited is a UK resident company for tax purposes. |