Hillgarth Property Limited - Accounts to registrar (filleted) - small 18.2
Hillgarth Property Limited - Accounts to registrar (filleted) - small 18.2
| REGISTERED NUMBER: |
| UNAUDITED FINANCIAL STATEMENTS |
| FOR THE PERIOD |
| 1 APRIL 2021 TO 30 SEPTEMBER 2021 |
| FOR |
| HILLGARTH PROPERTY LIMITED |
| HILLGARTH PROPERTY LIMITED (REGISTERED NUMBER: 11121846) |
| CONTENTS OF THE FINANCIAL STATEMENTS |
| For The Period 1 April 2021 to 30 September 2021 |
| Page |
| Company Information | 1 |
| Balance Sheet | 2 |
| Notes to the Financial Statements | 4 |
| HILLGARTH PROPERTY LIMITED |
| COMPANY INFORMATION |
| For The Period 1 April 2021 to 30 September 2021 |
| DIRECTORS: |
| REGISTERED OFFICE: |
| REGISTERED NUMBER: |
| ACCOUNTANTS: |
| 5&6 Manor Court |
| Manor Garth |
| Scarborough |
| North Yorkshire |
| YO11 3TU |
| HILLGARTH PROPERTY LIMITED (REGISTERED NUMBER: 11121846) |
| BALANCE SHEET |
| 30 September 2021 |
| 2021 | 2021 |
| Notes | £ | £ | £ | £ |
| FIXED ASSETS |
| Investment property | 4 |
| CURRENT ASSETS |
| Debtors | 5 |
| Cash at bank |
| CREDITORS |
| Amounts falling due within one year | 6 |
| NET CURRENT ASSETS/(LIABILITIES) | ( |
) |
| TOTAL ASSETS LESS CURRENT LIABILITIES |
| CREDITORS |
| Amounts falling due after more than one year | 7 |
| NET ASSETS |
| CAPITAL AND RESERVES |
| Called up share capital |
| Fair value reserve | 10 |
| Retained earnings |
| HILLGARTH PROPERTY LIMITED (REGISTERED NUMBER: 11121846) |
| BALANCE SHEET - continued |
| 30 September 2021 |
| The directors acknowledge their responsibilities for: |
| (a) | ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and |
| (b) | preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company. |
| In accordance with Section 444 of the Companies Act 2006, the Profit and Loss Account has not been delivered. |
| The financial statements were approved by the Board of Directors and authorised for issue on |
| HILLGARTH PROPERTY LIMITED (REGISTERED NUMBER: 11121846) |
| NOTES TO THE FINANCIAL STATEMENTS |
| For The Period 1 April 2021 to 30 September 2021 |
| 1. | STATUTORY INFORMATION |
| Hillgarth Property Limited is a |
| The presentation currency of the financial statements is the Pound Sterling (£). |
| The level of rounding used in the financial statements is to the nearest £1. |
| 2. | ACCOUNTING POLICIES |
| Basis of preparing the financial statements |
| Turnover |
| The turnover shown in the profit and loss account represents the total invoice value of rents receivable during the year. Rental income is recognised in the profit and loss account on an accruals basis in the period to which the rents relate. |
| Investment property |
| Investment properties are properties held to earn rentals or for capital appreciation or both. |
| Investment properties are initially measured at cost, including transaction costs. 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. Gains and losses arising from changes in the fair value of investment properties are included in the profit and loss in the period in which they arise. Deferred taxation is provided on these gains. |
| Taxation |
| Taxation for the period comprises current and deferred tax. Tax is recognised in the Profit and Loss Account, 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. |
| 3. | EMPLOYEES AND DIRECTORS |
| The average number of employees during the period was NIL (2021 - NIL). |
| 4. | INVESTMENT PROPERTY |
| Total |
| £ |
| FAIR VALUE |
| At 1 April 2021 |
| Disposals | ( |
) |
| At 30 September 2021 |
| NET BOOK VALUE |
| At 30 September 2021 |
| At 31 March 2021 |
| HILLGARTH PROPERTY LIMITED (REGISTERED NUMBER: 11121846) |
| NOTES TO THE FINANCIAL STATEMENTS - continued |
| For The Period 1 April 2021 to 30 September 2021 |
| 4. | INVESTMENT PROPERTY - continued |
| Investment properties included at fair value would have been included on a historical cost basis at: |
| 30.09.2021 | 31.03.2021 |
| £ | £ |
| Cost | 0 | 936,913 |
| The completed investment properties are stated at fair value in accordance with the requirements of Section 1A ''Small Entities'' of Financial Reporting Standard 102 ''The Financial Reporting Standard applicable in the UK and Republic of Ireland''. |
| The investment properties have been valued by the directors at fair value taking into account existing tenancy arrangements. |
| The Directors did not consider there to be any change in the fair value of the investment properties from the previous year. |
| 5. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
| 2021 | 2021 |
| £ | £ |
| Trade debtors |
| Other debtors |
| 6. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
| 2021 | 2021 |
| £ | £ |
| Bank loans and overdrafts |
| Trade creditors |
| Taxation and social security |
| Other creditors |
| 7. | CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR |
| 2021 | 2021 |
| £ | £ |
| Bank loans |
| 8. | SECURED DEBTS |
| The following secured debts are included within creditors: |
| 2021 | 2021 |
| £ | £ |
| Bank loans |
| 9. | DEFERRED TAX |
| £ |
| Balance at 1 April 2021 | ( |
) |
| Charge to Profit and Loss Account during period |
| Balance at 30 September 2021 |
| HILLGARTH PROPERTY LIMITED (REGISTERED NUMBER: 11121846) |
| NOTES TO THE FINANCIAL STATEMENTS - continued |
| For The Period 1 April 2021 to 30 September 2021 |
| 10. | RESERVES |
| Fair |
| value |
| reserve |
| £ |
| At 1 April 2021 |
| Transfer of realised amounts | ( |
) |
| At 30 September 2021 |
| 11. | CONTROLLING PARTY |
| The company is a wholly owned subsidiary of Thompson Property (Yorkshire) Holdings Limited, whose company reference is 13131504 and who's registered office and principal place of business |
| is Beacon Works Barmoor Lane, Scalby, Scarborough, United Kingdom, YO13 0RB |
| Thompson Property (Yorkshire) Holdings Limited is under the control of its director Mr B Thompson, and as such he is deemed the ultimate controlling party. |