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Registered number: 10766935

Huntington Property Limited

ACCOUNTS
FOR THE YEAR ENDED 31/05/2023

Prepared By:
N B Lancaster & Co
Chartered Accountants
6 Brunswick Street
Carlisle
Cumbria
CA1 1PN

Huntington Property Limited

ACCOUNTS
FOR THE YEAR ENDED 31/05/2023
DIRECTORS
Simon Huntington
REGISTERED OFFICE
6 Brunswick Street
Carlisle
Cumbria
CA1 1PN
COMPANY DETAILS
Private company limited by shares registered in EW - England and Wales, registered number 10766935
BANKERS
NatWest Bank Plc
ACCOUNTANTS
N B Lancaster & Co
Chartered Accountants
6 Brunswick Street
Carlisle
Cumbria
CA1 1PN

Huntington Property Limited

ACCOUNTS
FOR THEYEARENDED31/05/2023
CONTENTS
Page
Directors' Report-
Accountants' Report-
Statement Of Comprehensive Income-
Balance Sheet3
Notes To The Accounts4
The following do not form part of the statutory financial statements:
Trading And Profit And Loss Account-
Profit And Loss Account Summaries-

Huntington Property Limited

BALANCE SHEET AT 31/05/2023
20232022
Notes££
FIXED ASSETS
Tangible assets100,263100,263
CURRENT ASSETS
Stock308,909261,982
Debtors48951,313
Cash at bank and in hand5114,153
310,315267,448
CREDITORS: Amounts falling due within one year5326,714281,554
NET CURRENT LIABILITIES(16,399)(14,106)
TOTAL ASSETS LESS CURRENT LIABILITIES83,86486,157
CREDITORS: Amounts falling due after more than one year610,80715,258
NET ASSETS73,05770,899
CAPITAL AND RESERVES
Called up share capital8100100
Profit and loss account72,95770,799
SHAREHOLDERS' FUNDS73,05770,899
For the year ending 31/05/2023 the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies.
The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
The directors have decided not to deliver to the registrar a copy of the company's profit and loss account.
Approved by the board on 12/01/2024 and signed on their behalf by
.............................
Simon Huntington
Director

Huntington Property Limited

NOTES TO THE ACCOUNTS
FOR THE YEAR ENDED 31/05/2023
1. ACCOUNTING POLICIES
1a. Basis Of Accounting
The accounts have been prepared under the historical cost convention.
The accounts have been prepared in accordance with FRS102 - The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006 .
1b. Investment Properties
Investment properties are included in the financial statements at open market value. No depreciation is provided on such property.
1c. Stocks
Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell (net realisable value). Costs, which comprise direct production costs, are based on the method most appropriate to the type of inventory class, but usually on a first-in-first-out basis. Overheads are charged to profit or loss as incurred. Net realisable value is based on the estimated selling price less any estimated completion or selling costs.
When stocks are sold, the carrying amount of those stocks is recognised as an expense in the period in which the related revenue is recognised. The amount of any write-down of stocks to net realisable value and all losses of stocks are recognised as an expense in the period in which the write-down or loss occurs. The amount of any reversal of any write-down of stocks is recognised as a reduction in the amount of stocks recognised as an expense in the period in which the reversal occurs.
1d. Taxation
Taxation represents the sum of tax currently payable and deferred tax. The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period. Deferred tax is recognised on all timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered. Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period.

Huntington Property Limited

2. INVESTMENT PROPERTIES
Investment
PropertiesTotal
££
Fair value
At 01/06/2022100,263100,263
At 31/05/2023100,263100,263
3. STOCK 20232022
££
Stock comprises:
Work in progress308,909261,982
308,909261,982
4. DEBTORS 20232022
££
Amounts falling due within one year
VAT8951,313
8951,313
5. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
20232022
££
Corporation tax506305
Directors current account320,816275,857
Bank Loan4,7924,792
Accruals600600
326,714281,554

Huntington Property Limited

6. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
20232022
££
Bank loans (unsecured) >1yr10,80715,258
10,80715,258
7. EMPLOYEES
20232022
No.No.
Average number of employees--
8. SHARE CAPITAL 20232022
££
Allotted, issued and fully paid:
100 Ordinary shares of £1 each100100
100100
9. RELATED PARTY TRANSACTIONS
No remuneration was paid to the director during the year (2022 - £Nil).
At the balance sheet date the company owed £320,816 to the director (2022 - £275,857). The loan is unsecured, interest free and repayable on demand.
10. ADDITIONAL INFORMATION
The company is a private company, limited by shares and registered in England & Wales.
The company's registered number is 10766935.
The company's registered office is 6 Brunswick Street, Carlisle, CA1 1PN.