Registration number:
for the Year Ended
Chartered Accountants
3 Warners Mill
Silks Way
Braintree
Essex
CM7 3GB
Hill Street Holdings Limited
Contents
Company Information |
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Balance Sheet |
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Notes to the Financial Statements |
Hill Street Holdings Limited
Company Information
Directors |
A W Bates |
Company secretary |
A C Bates |
Registered office |
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Solicitors |
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Bankers |
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Accountants |
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Page 1 |
Hill Street Holdings Limited
(Registration number: 06728172)
Balance Sheet as at 31 July 2017
Note |
2017 |
2016 |
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Fixed assets |
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Investments |
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Current assets |
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Debtors |
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Cash at bank and in hand |
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Creditors: Amounts falling due within one year |
( |
( |
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Net current assets |
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Total assets less current liabilities |
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Creditors: Amounts falling due after more than one year |
( |
( |
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Net assets |
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Capital and reserves |
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Called up share capital |
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Profit and loss account |
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Total equity |
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For the financial year ended 31 July 2017 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Director's responsibilities:
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The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts. |
These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.
These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime and the option not to file the Profit and Loss Account has been taken.
Approved and authorised by the
A W Bates
Director
Page 2 |
Hill Street Holdings Limited
Notes to the Financial Statements for the Year Ended 31 July 2017
General information |
The company is a private company limited by share capital, incorporated in England & Wales.
The address of its registered office is:
The principal place of business is: Knowles Farm, Wycke Hill, Maldon, Essex, CM9 6SH.
Accounting policies |
Summary of significant accounting policies and key accounting estimates
The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.
Statement of compliance
These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A - 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Companies Act 2006.
Basis of preparation
These financial statements have been prepared using the historical cost convention.
These financial statements are presented in Sterling (£), which is the company's functional currency.
Revenue recognition
Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of value added tax, returns, rebates and discounts.
The company recognises revenue when:
- the amount of revenue can be reliably measured;
- it is probable that future economic benefits will flow to the entity;
- and specific criteria have been met for each of the company's activities.
Tax
Current Tax is recognised in the profit and loss account, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.
Deferred tax is recognised on temporary differences arising between the tax bases of assets and liabilities and their carrying amounts in the financial statements and on unused tax losses or tax credits in the company. Deferred tax is determined using tax rates and laws that have been enacted or substantively enacted by the reporting date.
Tangible assets
Tangible assets are stated in the statement of financial position at cost, less any subsequent accumulated depreciation.
Investments
Investments in equity shares which are publicly traded or where the fair value can be measured reliably are initially measured at fair value, with changes in fair value recognised in profit or loss. Investments in equity shares which are not publicly traded and where fair value cannot be measured reliably are measured at cost less impairment.
Cash and cash equivalents
Cash and cash equivalents comprise cash on hand and call deposits.
Trade debtors
Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.
Page 3 |
Hill Street Holdings Limited
Notes to the Financial Statements for the Year Ended 31 July 2017
Trade creditors
Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.
Borrowings
Interest-bearing borrowings are initially recorded at fair value, net of transaction costs. Interest-bearing borrowings are subsequently carried at amortised cost, with the difference between the proceeds, net of transaction costs, and the amount due on redemption being recognised as a charge to the Profit and Loss Account over the period of the relevant borrowing.
Interest expense is recognised on the basis of the effective interest method and is included in interest payable and similar charges.
Borrowings are classified as current liabilities unless the company has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date.
Share capital
Ordinary shares are classified as equity.
Dividends
Dividend distribution to the company’s shareholders is recognised as a liability in the financial statements in the reporting period in which the dividends are declared.
Investments |
2017 |
2016 |
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Investments in subsidiaries |
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Subsidiaries |
£ |
Cost or valuation |
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At 1 August 2016 |
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Provision |
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Carrying amount |
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At 31 July 2017 |
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At 31 July 2016 |
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Page 4 |
Hill Street Holdings Limited
Notes to the Financial Statements for the Year Ended 31 July 2017
Details of undertakings
Details of the investments in which the company holds 20% or more of the nominal value of any class of share capital are as follows:
Undertaking |
Registered office |
Holding |
Proportion of voting rights and shares held |
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2017 |
2016 |
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Subsidiary undertakings |
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Knowles Farm, Wycke Hill, Maldon, Essex, CM9 6SH. |
Ordinary |
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England |
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Knowles Farm, Wycke Hill, Maldon, Essex, CM9 6SH. |
Ordinary |
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England |
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Knowles Farm, Wycke Hill, Maldon, Essex, CM9 6SH. |
Ordinary |
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England |
The principal activity of L.E.A. Investment Management Limited is |
The principal activity of L.E.A. Investments (Haverhill) Limited is |
The principal activity of Nursery Investments Limited is |
Page 5 |
Hill Street Holdings Limited
Notes to the Financial Statements for the Year Ended 31 July 2017
Debtors |
2017 |
2016 |
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Amounts owed by group undertakings |
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Other debtors |
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Total current trade and other debtors |
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Creditors |
Creditors: amounts falling due within one year
2017 |
2016 |
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Due within one year |
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Trade creditors |
- |
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Other creditors |
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Accruals and deferred income |
1,560 |
56,432 |
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Due after one year |
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Other loans |
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Creditors: amounts falling due after more than one year
Note |
2017 |
2016 |
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Due after one year |
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Other loans |
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Share capital |
Allotted, called up and fully paid shares
2017 |
2016 |
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No. |
£ |
No. |
£ |
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106 |
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106 |
Loans and borrowings |
2017 |
2016 |
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Non-current loans and borrowings |
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Other loans |
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Page 6 |
Hill Street Holdings Limited
Notes to the Financial Statements for the Year Ended 31 July 2017
Transition to FRS 102 |
The transition to FRS 102 Section 1A has resulted in no material changes to the accounting policies during the year.
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