Accounts filed on 31-03-2016

Accounts filed on 31-03-2016

HILLFLOW LIMITED - Company Information

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055587242015-04-012016-03-31falsetruehttp://www.companieshouse.gov.uk/pt:InvestmentProperties2015-04-012016-03-31http://www.companieshouse.gov.uk/cd:Director12015-04-012016-03-31http://www.companieshouse.gov.uk/cd:OrdinaryShareClass12015-04-012016-03-31http://www.companieshouse.gov.uk/cd:OrdinaryShareClass12016-03-31http://www.companieshouse.gov.uk/cd:OrdinaryShareClass12015-03-31http://www.companieshouse.gov.uk/2014-04-012015-03-31http://www.companieshouse.gov.uk/2015-04-012016-03-31http://www.companieshouse.gov.uk/2015-03-31http://www.companieshouse.gov.uk/pt:InvestmentProperties2015-03-31http://www.companieshouse.gov.uk/2016-03-31http://www.companieshouse.gov.uk/pt:InvestmentProperties2016-03-31http://www.companieshouse.gov.uk/cd:EntityAccountantsOrAuditors2015-04-012016-03-31http://www.companieshouse.gov.uk/2015-03-31iso4217:GBPxbrli:sharesxbrli:pure
Registered number: 05558724
Hillflow Limited
ABBREVIATED ACCOUNTS
FOR THE YEAR ENDED 31/03/2016
Prepared By:
Albeck Limited
Chartered Accountants
112 Green Lane
Edgware
Middlesex
HA8 8EJ

Hillflow Limited
ABBREVIATED ACCOUNTS
FOR THE YEAR ENDED 31/03/2016
INDEX TO THE ACCOUNTS
Abbreviated Balance Sheet2
Notes to the Abbreviated Accounts3
The company's registered number is 05558724

Hillflow Limited
Registered Number: 05558724
BALANCE SHEET AT 31/03/2016
20162015
Notes££
FIXED ASSETS
Tangible assets21,150,000495,584
CURRENT ASSETS
Debtors (amounts falling due within one year)12,00012,000
Cash at bank and in hand46,34956,098
58,34968,098
CREDITORS: Amounts falling due within one year44,34431,112
NET CURRENT ASSETS14,00536,986
TOTAL ASSETS LESS CURRENT LIABILITIES1,164,005532,570
CREDITORS: Amounts falling due after more than one year3801,185245,267
NET ASSETS362,820287,303
CAPITAL AND RESERVES
Called up share capital4100100
Revaluation reserve1f,532,526-
Profit and loss account330,194287,203
SHAREHOLDERS' FUNDS362,820287,303
For the year ending 31/03/2016 the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies.
The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.
Approved by the board on 06/06/2016 and signed on their behalf by
SH Goldstein
Director
.............................
LA Phillips
Director

Hillflow Limited
NOTES TO THE ACCOUNTS
FOR THE YEAR ENDED 31/03/2016
1. ACCOUNTING POLICIES
1a. Basis Of Accounting
The accounts have been prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (effective January 2015).
1b. Cash Flow Statement
The Company is exempt from including a statement of cash flows in its accounts in accordance with Financial Reporting Standard for Smaller Entities (effective January 2015).
1c. Investment Properties
Investment properties are included in the financial statements at open market value. No depreciation is provided on such property in compliance with the Financial Reporting Standard for Smaller Entities. This departure from Companies Act requirements is necessary to show a true and fair view.
1d. Taxation
Corporation tax payable is provided on taxable profits at the current rates.
Provision is made for deferred taxation in so far as a liability or asset has arisen as a result of transactions that had occurred by the balance sheet date and have given rise to an obligation to pay more tax in the future, or the right to pay less tax in the future. An asset has not been recognised to the extent that the transfer of economic benefits in the future is uncertain. Deferred tax assets and liabilities recognised have not been discounted.
1e. Turnover
Turnover represents the invoiced value of goods and services supplied by the company, net of value added tax and trade discounts.
1f. Revaluation Reserve
Surpluses or deficits arising on the revaluation of individual fixed assets other than investment properties are credited or debited to a non-distributible reserve known as the revaluation reserve (see also note 5).
Revaluation deficits in excess of the amount of prior revaluation surpluses on the same asset are charged to the profit and loss account.

Hillflow Limited
2. TANGIBLE FIXED ASSETS
Investment
PropertiesTotal
££
Cost
At 01/04/2015495,584495,584
Additions621,890621,890
Revaluation32,52632,526
At 31/03/20161,150,0001,150,000
Depreciation
At 31/03/2016--
Net Book Amounts
At 31/03/20161,150,0001,150,000
At 31/03/2015495,584495,584
3. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
20162015
££
Other creditors801,185245,267
801,185245,267
4. SHARE CAPITAL 20162015
££
Allotted, issued and fully paid:
100 Ordinary shares of £1 each100100
100100
5. REVALUATION RESERVE 20162015
££
Revaluation reserve32,526-
32,526-

Hillflow Limited
6. TRANSACTIONS WITH DIRECTORS
During the year, the directors advanced certain loans to the company. At the year end, the balance owed to the directors totalled £801,183 (2015: £245,264). The loans are interest free and repayable on demand.
7. CONTROLLING PARTY
The company is controlled by L Phillips and S Goldstein by virtue of the fact that they each own 50% of the company's issued and called up voting share capital.