Hillas Group Limited Filleted accounts for Companies House (small and micro)

HILLAS GROUP LIMITED - Company Information

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COMPANY REGISTRATION NUMBER: 10004001

Hillas Group Limited

Filleted Unaudited Financial Statements

30 September 2021

Hillas Group Limited

Statement of Financial Position

30 September 2021

	2021		2020
Note	£	£	£

Fixed assets

Investments	4		3,105,000	3,106,000

Current assets

Debtors	5	36,381	594,439
Cash at bank and in hand		20,412	447,723
		--------	------------
		56,793	1,042,162

Creditors: amounts falling due within one year	6	2,131,862		3,117,231
		------------		------------
Net current liabilities			2,075,069	2,075,069
			------------	------------
Total assets less current liabilities			1,029,931	1,030,931
			------------	------------

Hillas Group Limited

Statement of Financial Position (continued)

30 September 2021

	2021		2020
Note	£	£	£

Capital and reserves

Called up share capital	2,004	2,004
Profit and loss account	1,027,927	1,028,927
	------------	------------
Shareholders funds	1,029,931	1,030,931
	------------	------------

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.

In accordance with section 444 of the Companies Act 2006, the statement of income and retained earnings has not been delivered.

For the year ending 30 September 2021 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

- The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476 ;

- The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .

These financial statements were approved by the board of directors and authorised for issue on 27 June 2022 , and are signed on behalf of the board by:

Miss C A A Hillas

Director

Company registration number: 10004001

Hillas Group Limited

Notes to the Financial Statements

Year ended 30 September 2021

1. General information

The company is a private company limited by shares, registered in England and Wales. The address of the registered office is Otley Mills, Ilkley Road, Otley, West Yorkshire, LS21 1QS, England.

2. Statement of compliance

These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.

3. Accounting policies

Basis of preparation

The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.

The financial statements are prepared in sterling, which is the functional currency of the entity.

Consolidation

The company has taken advantage of the option not to prepare consolidated financial statements contained in Section 398 of the Companies Act 2006 on the basis that the company and its subsidiary undertakings comprise a small group.

Investments in associates

Investments in associates accounted for in accordance with the cost model are recorded at cost less any accumulated impairment losses. Investments in associates accounted for in accordance with the fair value model are initially recorded at the transaction price. At each reporting date, the investments are measured at fair value, with changes in fair value recognised in other comprehensive income/profit or loss. Where it is impracticable to measure fair value reliably without undue cost or effort, the cost model will be adopted. Dividends and other distributions received from the investment are recognised as income without regard to whether the distributions are from accumulated profits of the associate arising before or after the date of acquisition.

4. Investments

	Shares in group undertakings
	£
Cost
At 1 October 2020	3,106,000
Disposals	( 1,000)
	------------
At 30 September 2021	3,105,000
	------------
Impairment
At 1 October 2020 and 30 September 2021	–
	------------

Carrying amount
At 30 September 2021	3,105,000
	------------
At 30 September 2020	3,106,000
	------------

5. Debtors

	2021	2020
	£	£
Amounts owed by group undertakings and undertakings in which the company has a participating interest	36,381	594,439
	--------	---------

6. Creditors: amounts falling due within one year

	2021	2020
	£	£
Amounts owed to group undertakings and undertakings in which the company has a participating interest	651,801	–
Other creditors	1,480,061	3,117,231
	------------	------------
	2,131,862	3,117,231
	------------	------------

7. Directors' advances, credits and guarantees

The directors' loan accounts remained in credit throughout the current year. There were no guarantees in the year.

8. Related party transactions

The company was under the control of the directors throughout the current period. No other transactions are required to be disclosed under the Financial Reporting Standard 102.