Hills Green Limited - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 06113728 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 JANUARY 2018

FOR

HILLS GREEN LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

A W Venables

Mrs P R Venables

A R Venables

SECRETARY:

Mrs P R Venables

REGISTERED OFFICE:

Hills Green Farm

Redesmere Lane

Siddington

Macclesfield

Cheshire

SK11 9PR

REGISTERED NUMBER:

06113728 (England and Wales)

ACCOUNTANTS:

Howard Worth

Drake House

Gadbrook Park

Northwich

Cheshire

CW9 7RA

FIXED ASSETS

Intangible assets

4

-

-

Tangible assets

5

12,204

-

Investment property

6

238,618

238,618

250,822

238,618

CURRENT ASSETS

Stocks

310,411

316,411

Debtors

7

78,950

52,750

Cash at bank

119,447

70,296

508,808

439,457

CREDITORS

Amounts falling due within one year

8

213,524

221,603

NET CURRENT ASSETS

295,284

217,854

TOTAL ASSETS LESS CURRENT LIABILITIES

546,106

456,472

CAPITAL AND RESERVES

Called up share capital

2

2

Retained earnings

546,104

456,470

546,106

456,472

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 January 2018.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 January 2018 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 of Part 15 of the Companies Act 2006 relating to small companies.

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 on 29 September 2018 and were signed on its behalf by:

A W Venables - Director

Mrs P R Venables - Director

A R Venables - Director

1.	STATUTORY INFORMATION

Hills Green Limited, "the Company" 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 functional and presentation currency of the financial statements is Pound Sterling (£).

2.	ACCOUNTING POLICIES

Basis of preparing the financial statements

These financial statements have been prepared in accordance with the provisions of Section 1A "Small Entities" of Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" 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.

Intangible assets

Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured

at cost less any accumulated amortisation and any accumulated impairment losses.

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

-

15% on reducing balance

Investment property

Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from

changes in fair value is recognised in profit or loss.

Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance for

obsolete and slow moving items.

Biological Assets

The class of biological assets within these financial statements are that of a herd of cattle and are

valued using the cost model in accordance with FRS 102.

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.

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 3 (2017 - 3 ) .

4.	MILK QUOTA

Milk

quota

£

COST

At 1 February 2017

and 31 January 2018

41,714

AMORTISATION

At 1 February 2017

and 31 January 2018

41,714

NET BOOK VALUE

At 31 January 2018

-

At 31 January 2017

-

5.	TANGIBLE FIXED ASSETS

Plant and

machinery

£

COST

Additions

13,500

At 31 January 2018

13,500

DEPRECIATION

Charge for year

1,296

At 31 January 2018

1,296

NET BOOK VALUE

At 31 January 2018

12,204

6.	INVESTMENT PROPERTY

Total

£

FAIR VALUE

At 1 February 2017

and 31 January 2018

238,618

NET BOOK VALUE

At 31 January 2018

238,618

At 31 January 2017

238,618

Investment properties are initially measured at cost and subsequently measured at fair value whilst a

reliable measure of fair value is available without undue cost or effort. Changes in fair value are

recognised in profit or loss.

7.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31/1/18

31/1/17

£

£

Trade debtors

73,780

49,085

VAT

5,170

3,665

78,950

52,750

8.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31/1/18

31/1/17

£

£

Trade creditors

59,696

15,026

Taxation

32,057

22,075

Other creditors

117,070

182,070

Directors' loan accounts

1,491

1,232

Accrued expenses

3,210

1,200

213,524

221,603

9.	FINANCIAL INSTRUMENTS

FINANCIAL ASSETS

Trade, group and other debtors

Trade, group and other debtors (including accrued income) which are receivable within one year and

which do not constitute a financing transaction are initially measured at the transaction price and

subsequently measured at amortised cost, being the transaction price less any amounts settled and

any impairment losses.

A provision for impairment of trade debtors is established where there is objective evidence that the

amounts due will not be collected according to the original terms of the contract. Impairment losses

are recognised in profit or loss for the excess of the carrying value of the trade debtor over the present

value of the future cash flows discounted using the original effective interest rate. Subsequent

reversals of an impairment loss that objectively relate to an event occurring after the impairment loss

was recognised, are recognised immediately in profit or loss.

FINANCIAL LIABILITIES

Trade, group and other creditors

Trade, group and other creditors (including accruals) payable within one year that do not constitute a

financing transaction are initially measured at the transaction price and subsequently measured at

amortised cost, being transaction price less any amounts settled.

De-recognition of financial assets and liabilities

A financial asset is only de-recognised when the contractual rights to cash flows expire or are settled,

or substantially all the risks and rewards of ownership are transferred to another party, or if some

significant risks and rewards of ownership are retained but control of the asset has transferred to

another party that is able to sell the asset in its entirety to an unrelated third party. A financial liability

(or part thereof) is de-recognised when the obligation specified in the contract is discharged, cancelled

or expires.

10.	RELATED PARTY DISCLOSURES

During the year, total dividends of £57,000 were paid to the directors .

11.	ULTIMATE CONTROLLING PARTY

The company is under the ultimate control of the directors.