Hillcharm Limited - Accounts to registrar (filleted) - small 18.2

Hillcharm Limited - Accounts to registrar (filleted) - small 18.2

HILLCHARM LIMITED - Company Information

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REGISTERED NUMBER: 01934161 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 December 2020

for

Hillcharm Limited
Hillcharm Limited (Registered number: 01934161)






Contents of the Financial Statements
for the Year Ended 31 December 2020




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Hillcharm Limited

Company Information
for the Year Ended 31 December 2020







DIRECTOR: M A Wolfe





SECRETARY: M A Wolfe





REGISTERED OFFICE: Studio 16
Cloisters House
8 Battersea Park Road
London
SW8 4BG





REGISTERED NUMBER: 01934161 (England and Wales)





ACCOUNTANTS: Sawin & Edwards LLP Chartered Accountants
Studio 16
Cloisters House
8 Battersea Park Road
London
SW8 4BG
Page 1
Hillcharm Limited (Registered number: 01934161)

Balance Sheet
31 December 2020

2020 2019
Notes £    £   
CURRENT ASSETS
Debtors 4 245,900 245,900
Cash in hand 8,839 8,863
254,739 254,763
CREDITORS
Amounts falling due within one year 5 (17,437 ) (16,170 )
NET CURRENT ASSETS 237,302 238,593
TOTAL ASSETS LESS CURRENT
LIABILITIES
237,302
238,593

CAPITAL AND RESERVES
Called up share capital 2 2
Retained earnings 237,300 238,591
SHAREHOLDERS' FUNDS 237,302 238,593

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2020.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2020 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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.

The notes form part of these financial statements

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Hillcharm Limited (Registered number: 01934161)

Balance Sheet - continued
31 December 2020


The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Income Statement and Statement of Comprehensive Income has not been delivered.

The financial statements were approved by the director and authorised for issue on 28 September 2021 and were signed by:





M A Wolfe - Director


The notes form part of these financial statements

Page 3
Hillcharm Limited (Registered number: 01934161)

Notes to the Financial Statements
for the Year Ended 31 December 2020

1. STATUTORY INFORMATION

Hillcharm Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

The presentation currency of the financial statements is the Pound Sterling (£).

The financial statements present information about the company as a single entity.

2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Financial instruments
The company only enters into basic financial instruments transactions that result in the recognition of financial assets and liabilities like other debtors and creditors. Financial assets and liabilities are recognised when the company becomes a party to the contractual provisions of the instruments.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement and Statement of Comprehensive Income, 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 year 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.

Debtors and creditors
Basic financial assets and liabilities, including other debtors and creditors, are initially recognised at transaction price, unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Such assets and liabilities are subsequently carried at amortised cost using the effective interest method, less any impairment.

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Hillcharm Limited (Registered number: 01934161)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2020

2. ACCOUNTING POLICIES - continued

Cash and cash equivalents
Cash and cash equivalents are represented by cash in hand and at bank.

Going concern
The director considers that there are no material uncertainties about the company's ability to continue as a going concern. In forming his opinion, the director has considered a period of one year from the date of signing the financial statements.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was NIL (2019 - NIL).

4. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2020 2019
£    £   
Other debtors 245,900 245,900

5. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2020 2019
£    £   
Other creditors 17,437 16,170

6. FINANCIAL INSTRUMENTS

The company's financial instruments comprise cash and cash equivalents and various items such as other debtors, trade and other creditors, that arise directly from its operations.

The main purpose of these financial instruments is to finance the company's operations.

The board regularly reviews and agrees policies for managing the level of risk arising from the company's financial instruments. This is summarised below:

Liquidity risk
Liquidity risk is the risk the company will not be able to meet its financial obligations as they fall due. The company's policy throughout the period has been to ensure that it has adequate liquidity to meet its liabilities when due, by careful management of its working capital.

7. RELATED PARTY DISCLOSURES

The company is controlled by its shareholder director M A Wolfe and Imperex Ltd which he also controls. The company is owed £245,900 (2019: £245,900) by Imperex limited.The loan is interest free with no fixed date for repayment and is shown as "other debtors".

Page 5