REGISTERED NUMBER:
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HILLY AND BOO LIMITED |
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FINANCIAL STATEMENTS FOR THE PERIOD 26TH SEPTEMBER 2018 TO 22ND MARCH 2020 |
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REGISTERED NUMBER:
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HILLY AND BOO LIMITED |
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FINANCIAL STATEMENTS FOR THE PERIOD 26TH SEPTEMBER 2018 TO 22ND MARCH 2020 |
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HILLY AND BOO LIMITED (REGISTERED NUMBER: SC332582) |
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CONTENTS OF THE FINANCIAL STATEMENTS |
FOR THE PERIOD 26TH SEPTEMBER 2018 TO 22ND MARCH 2020 |
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Page |
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Company Information | 1 |
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Balance Sheet | 2 |
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Notes to the Financial Statements | 4 |
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HILLY AND BOO LIMITED |
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COMPANY INFORMATION |
FOR THE PERIOD 26TH SEPTEMBER 2018 TO 22ND MARCH 2020 |
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DIRECTORS: |
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SECRETARY: |
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REGISTERED OFFICE: |
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REGISTERED NUMBER: |
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ACCOUNTANTS: |
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Chartered Accountants |
11 Portland Road |
Kilmarnock |
Ayrshire |
KA1 2BT |
HILLY AND BOO LIMITED (REGISTERED NUMBER: SC332582) |
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BALANCE SHEET |
22ND MARCH 2020 |
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2020 | 2018 |
Notes | £ | £ | £ | £ |
FIXED ASSETS |
Investments | 4 |
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CURRENT ASSETS |
Loans to group undertakings | 5 |
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CREDITORS |
Amounts falling due within one year | 6 |
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NET CURRENT LIABILITIES | ( |
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TOTAL ASSETS LESS CURRENT
LIABILITIES |
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CREDITORS |
Amounts falling due after more than one year | 7 |
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NET ASSETS |
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CAPITAL AND RESERVES |
Called up share capital |
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Retained earnings |
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SHAREHOLDERS' FUNDS |
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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. |
HILLY AND BOO LIMITED (REGISTERED NUMBER: SC332582) |
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BALANCE SHEET - continued |
22ND MARCH 2020 |
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In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered. |
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The financial statements were approved by the Board of Directors and authorised for issue on
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HILLY AND BOO LIMITED (REGISTERED NUMBER: SC332582) |
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NOTES TO THE FINANCIAL STATEMENTS |
FOR THE PERIOD 26TH SEPTEMBER 2018 TO 22ND MARCH 2020 |
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1. | STATUTORY INFORMATION |
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Hilly And Boo Limited is a
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2. | ACCOUNTING POLICIES |
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Basis of preparing the financial statements |
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As at 22 March 2020 there were net current liabilities of £87,869 (2018: £65,006). This deficiency is entirely funded by the directors. The financial statements have been prepared on the going concern basis as the directors have confirmed they will continue to support the company for the foreseeable future. |
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Investments in subsidiaries |
Investments in subsidiary undertakings are recognised at cost. |
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3. | EMPLOYEES AND DIRECTORS |
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The average number of employees during the period was
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4. | FIXED ASSET INVESTMENTS |
Shares in |
group |
undertakings |
£ |
COST |
At 26th September 2018 |
and 22nd March 2020 |
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NET BOOK VALUE |
At 22nd March 2020 |
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At 25th September 2018 |
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5. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
2020 | 2018 |
£ | £ |
Amounts owed by group undertakings |
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HILLY AND BOO LIMITED (REGISTERED NUMBER: SC332582) |
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NOTES TO THE FINANCIAL STATEMENTS - continued |
FOR THE PERIOD 26TH SEPTEMBER 2018 TO 22ND MARCH 2020 |
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6. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
2020 | 2018 |
£ | £ |
Bank loans and overdrafts |
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Other creditors |
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7. |
CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR |
2020 | 2018 |
£ | £ |
Bank loans |
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8. | SECURED DEBTS |
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The following secured debts are included within creditors: |
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2020 | 2018 |
£ | £ |
Bank loans |
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9. | RELATED PARTY DISCLOSURES |
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Bank borrowings are secured over assets in Knots & Crosses Limited, a wholly owned subsidiary. |
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Dividends of £4,000 (2018 - £4,000) were received from Knots & Crosses Limited during the period. |
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As at the balance sheet date an amount of £39,425 (2018 - £37,284) was due from Knots & Crosses Limited. |
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The directors have advanced the company an interest free loan of £108,919 (2018 - £88,805). There is no fixed term of repayment. |
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Management charges of £3,300 (2018 - £2,395) were charged during the period to Knots & Crosses Limited. |
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10. | ULTIMATE CONTROLLING PARTY |
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The company is owned 50% by each director. |