Hillhouse Rural Enterprises Limited - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 07375354 (England and Wales)

Abridged Unaudited Financial Statements for the Year Ended 31 December 2022

for

Hillhouse Rural Enterprises Limited

Page

Company Information

1

Chartered Accountants' Report

2

Abridged Balance Sheet

4

Notes to the Financial Statements

6

DIRECTORS:

D G Jones

L I Smith

REGISTERED OFFICE:

Hillhouse Farm

Misbrooks Green Road

Beare Green

Dorking

RH5 4QQ

REGISTERED NUMBER:

07375354 (England and Wales)

ACCOUNTANTS:

Reed Accounts & Tax Limited

Chartered Accountant

Hallings Hatch

Parkgate Road

Dorking

Surrey

RH5 5DY

The following reproduces the text of the report prepared for the directors in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Abridged Income Statement and certain other primary statements and the Report of the Directors are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Hillhouse Rural Enterprises Limited for the year ended 31 December 2022 which comprise the Abridged Income Statement, Other Comprehensive Income, Abridged Balance Sheet, Statement of Changes in Equity and the related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the Board of Directors of Hillhouse Rural Enterprises Limited, as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Hillhouse Rural Enterprises Limited and state those matters that we have agreed to state to the Board of Directors of Hillhouse Rural Enterprises Limited, as a body, in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Hillhouse Rural Enterprises Limited and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that Hillhouse Rural Enterprises Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and loss of Hillhouse Rural Enterprises Limited. You consider that Hillhouse Rural Enterprises Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of Hillhouse Rural Enterprises Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.

Reed Accounts & Tax Limited

Chartered Accountant

Hallings Hatch

Parkgate Road

Dorking

Surrey

RH5 5DY

26 September 2023

FIXED ASSETS

Tangible assets

4

231,791

263,429

CURRENT ASSETS

Stocks

5,000

83,000

Debtors

8,829

49,902

Investments

-

10,000

Cash at bank

115

-

13,944

142,902

CREDITORS

Amounts falling due within one year

1,682,305

1,642,133

NET CURRENT LIABILITIES

(1,668,361

)

(1,499,231

)

TOTAL ASSETS LESS CURRENT LIABILITIES

(1,436,570

)

(1,235,802

)

CREDITORS

Amounts falling due after more than one year

38,226

62,456

NET LIABILITIES

(1,474,796

)

(1,298,258

)

CAPITAL AND RESERVES

Called up share capital

1

1

Other reserves

(105,063

)

(105,063

)

Retained earnings

(1,369,734

)

(1,193,196

)

SHAREHOLDERS' FUNDS

(1,474,796

)

(1,298,258

)

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2022.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2022 in accordance with Section 476 of the Companies Act 2006.

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.

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

All the members have consented to the preparation of an abridged Income Statement and an abridged Balance Sheet for the year ended 31 December 2022 in accordance with Section 444(2A) of the Companies Act 2006.

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 26 September 2023 and were signed on its behalf by:

D G Jones - Director

L I Smith - Director

1.	STATUTORY INFORMATION

Hillhouse Rural Enterprises 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.

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.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Plant and machinery etc

-

25% on cost and 25% on reducing balance

Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Taxation

Taxation for the year 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 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.

Pension costs and other post-retirement benefits

The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 9 (2021 - 17 ) .

4.	TANGIBLE FIXED ASSETS

Totals

£

COST

At 1 January 2022

420,578

Additions

8,332

At 31 December 2022

428,910

DEPRECIATION

At 1 January 2022

157,149

Charge for year

39,970

At 31 December 2022

197,119

NET BOOK VALUE

At 31 December 2022

231,791

At 31 December 2021

263,429

5.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

During the year the directors advanced to the company a net amount of £154,441. Included in creditors are amounts due to the directors of £1,379,850.

6.	RELATED PARTY DISCLOSURES

Creditors include amounts due to related parties of £1,379,850 (2021 £1,225,410).

7.	ULTIMATE CONTROLLING PARTY

The controlling party is D G Jones.

The ultimate controlling party is D G Jones.