Hilton Industrial Estate Limited - Accounts to registrar

REGISTERED NUMBER: 01864524 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2016

FOR

HILTON INDUSTRIAL ESTATE LIMITED

Page

Company Information

1

Balance Sheet

2

to

3

Notes to the Financial Statements

4

to

6

DIRECTORS:

K F Ellis

M Evans

SECRETARY:

Mrs H L G Hunt

REGISTERED OFFICE:

The Estate Office

Egginton Hall, Church Road

Egginton

DERBY

DE65 6HP

REGISTERED NUMBER:

01864524 (England and Wales)

ACCOUNTANTS:

Smith Cooper Limited

Chartered Accountants

St.Helens House

King Street

Derby

DE1 3EE

BANKERS:

National Westminister Bank Plc

Thurland Street

Nottingham

FIXED ASSETS

Tangible assets

3

274

323

Investment property

4

577,695

577,969

578,018

CURRENT ASSETS

Cash at bank

13,369

28,960

CREDITORS

Amounts falling due within one year

5

55,325

42,988

NET CURRENT LIABILITIES

(41,956

)

(14,028

)

TOTAL ASSETS LESS CURRENT
LIABILITIES

536,013

563,990

CREDITORS

Amounts falling due after more than one
year

6

-

(11,578

)

PROVISIONS FOR LIABILITIES

(20,302

)

(20,308

)

NET ASSETS

515,711

532,104

CAPITAL AND RESERVES

Called up share capital

20,000

Revaluation reserve

7

106,650

Retained earnings

389,061

405,454

SHAREHOLDERS' FUNDS

515,711

532,104

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2016.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2016 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 17 May 2017 and were signed on its behalf by:

K F Ellis - Director

M Evans - Director

1.	STATUTORY INFORMATION

Hilton Industrial Estate 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.

The presentation currency of the financial statements is the 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 comprises revenue recognised by the company in respect of rents received exclusive of Value Added

Tax.

Turnover is recognised when rents become due.

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 carried at fair value determined annually by the directors. No depreciation is provided on

investment properties. Changes in fair value are recognised in the Statement of Comprehensive Income.

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 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.

3.	TANGIBLE FIXED ASSETS

Plant and

machinery

£

COST

At 1 January 2016

and 31 December 2016

2,350

DEPRECIATION

At 1 January 2016

2,027

Charge for year

49

At 31 December 2016

2,076

NET BOOK VALUE

At 31 December 2016

274

At 31 December 2015

323

4.	INVESTMENT PROPERTY

Total

£

FAIR VALUE

At 1 January 2016

and 31 December 2016

577,695

NET BOOK VALUE

At 31 December 2016

577,695

At 31 December 2015

577,695

The property valuations were made by K F Ellis, a director of the company, on an open market value for existing

use basis. The directors consider the carrying values to be reasonable as the open market values of the properties

as at 31 December 2016.

5.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2016

2015

£

Bank loans and overdrafts

11,190

13,398

Corporation tax

28,408

17,483

VAT

601

1,548

Other creditors

5,911

5,587

Directors' current accounts

563

Accrued expenses

8,652

4,409

55,325

42,988

6.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR

2016

2015

£

Other loans - 1-2 years

-

11,578

7.

RESERVES

Revaluation

reserve

£

At 1 January 2016

and 31 December 2016

106,650

8.	ULTIMATE CONTROLLING PARTY

There is no ultimate controlling party.

Hilton Industrial Estate Limited - Accounts to registrar - small 17.1

Hilton Industrial Estate Limited - Accounts to registrar - small 17.1