Hillbrow Produce Limited - Accounts to registrar (filleted) - small 18.2

Hillbrow Produce Limited - Accounts to registrar (filleted) - small 18.2

HILLBROW PRODUCE LIMITED - Company Information

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REGISTERED NUMBER: 03245916 (England and Wales)


















Unaudited Financial Statements

for the Year Ended 30th September 2018

for

Hillbrow Produce Limited
Hillbrow Produce Limited (Registered number: 03245916)






Contents of the Financial Statements
for the Year Ended 30th September 2018




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


Hillbrow Produce Limited

Company Information
for the Year Ended 30th September 2018







DIRECTOR: V Noguera





SECRETARY: R P Baker





REGISTERED OFFICE: Office 4
Allen House
23 Sherrin Road
London
E10 5SQ





REGISTERED NUMBER: 03245916 (England and Wales)





ACCOUNTANTS: Hannaways
Trios House
Reform Road
Maidenhead
Berkshire
SL6 8BY
Page 1
Hillbrow Produce Limited (Registered number: 03245916)

Balance Sheet
30th September 2018

2018 2017
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 1,934 2,275

CURRENT ASSETS
Debtors 5 119,273 79,219
Cash at bank and in hand 559,615 587,993
678,888 667,212
CREDITORS
Amounts falling due within one year 6 191,999 232,429
NET CURRENT ASSETS 486,889 434,783
TOTAL ASSETS LESS CURRENT
LIABILITIES
488,823
437,058

CAPITAL AND RESERVES
Called up share capital 8 20,000 20,000
Retained earnings 9 468,823 417,058
SHAREHOLDERS' FUNDS 488,823 437,058

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30th September 2018.

The members have not required the company to obtain an audit of its financial statements for the year ended 30th September 2018 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 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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the director on 20th December 2018 and were signed by:



V Noguera - Director


The notes form part of these financial statements

Page 2
Hillbrow Produce Limited (Registered number: 03245916)

Notes to the Financial Statements
for the Year Ended 30th September 2018

1. STATUTORY INFORMATION

Hillbrow Produce 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 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.

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

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.

Foreign currencies
Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet
date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the date of transaction.
Exchange differences are taken into account in arriving at the operating result.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

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.

Short term debtors and creditors
Debtors and creditors with no stated interest rate and receivable or payable within one year are recorded at transaction cost.
Any losses from impairment are recognised in the profit and loss account.

Page 3 continued...
Hillbrow Produce Limited (Registered number: 03245916)

Notes to the Financial Statements - continued
for the Year Ended 30th September 2018

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2017 - 2 ) .

4. TANGIBLE FIXED ASSETS
Plant and
machinery
£   
COST
At 1st October 2017
and 30th September 2018 9,111
DEPRECIATION
At 1st October 2017 6,836
Charge for year 341
At 30th September 2018 7,177
NET BOOK VALUE
At 30th September 2018 1,934
At 30th September 2017 2,275

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2018 2017
£    £   
Trade debtors 106,482 69,593
Other debtors 4,000 7,351
Prepayments 8,791 2,275
119,273 79,219

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2018 2017
£    £   
Trade creditors 88,097 56,189
Corporation tax 36,200 18,106
Social security and other taxes 17,017 613
Directors' current accounts 99 154,021
Accrued expenses 50,586 3,500
191,999 232,429

7. LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:
2018 2017
£    £   
Between one and five years 5,838 5,838

Page 4 continued...
Hillbrow Produce Limited (Registered number: 03245916)

Notes to the Financial Statements - continued
for the Year Ended 30th September 2018

8. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2018 2017
value: £    £   
20,000 Ordinary £1 20,000 20,000

9. RESERVES
Retained
earnings
£   

At 1st October 2017 417,058
Profit for the year 149,265
Dividends (97,500 )
At 30th September 2018 468,823

10. ULTIMATE CONTROLLING PARTY

The company was controlled during the current and the previous period by the director by virtue of his controlling interest
in the ordinary share capital of the company.

Page 5