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Registered number: 00687401

W.S. Hunt's Properties Limited

ACCOUNTS
FOR THE YEAR ENDED 31 MARCH 2024

Prepared By:

W.S. Hunt's Properties Limited

ACCOUNTS
FOR THE YEAR ENDED 31 MARCH 2024
DIRECTORS
Malcolm B. Hunt F.C.M.A., Dip.M., M.C.I.M
George W. Truett
Terry G. Henshaw
Philip J Truett
SECRETARY
Terry G. Henshaw
REGISTERED OFFICE
71 Brox Road
Ottershaw
Surrey
KT16 0LD
COMPANY DETAILS
Private company limited by shares registered in EW - England and Wales, registered number 00687401
ACCOUNTANTS

W.S. Hunt's Properties Limited

ACCOUNTS
FOR THEYEARENDED31 MARCH 2024
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-

W.S. Hunt's Properties Limited

BALANCE SHEET AT 31 March 2024
20242023
Notes££
FIXED ASSETS
Tangible assets25,030,7965,032,364
CURRENT ASSETS
Debtors436,89036,979
Cash at bank and in hand45,188172,181
82,078209,160
CREDITORS: Amounts falling due within one year5369,129447,341
NET CURRENT LIABILITIES(287,051)(238,181)
TOTAL ASSETS LESS CURRENT LIABILITIES4,743,7454,794,183
PROVISIONS FOR LIABILITIES AND CHARGES7552,641553,529
NET ASSETS4,191,1044,240,654
CAPITAL AND RESERVES
Called up share capital86,9016,901
Revaluation reserve,3,334,3983,335,887
Profit and loss account849,805897,866
SHAREHOLDERS' FUNDS4,191,1044,240,654
For the year ending 31 March 2024 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 1 August 2024 and signed on their behalf by
.............................
Malcolm B. Hunt F.C.M.A., Dip.M., M.C.I.M
Director

W.S. Hunt's Properties Limited

NOTES TO THE ACCOUNTS
FOR THE YEAR ENDED 31 MARCH 2024
1. ACCOUNTING POLICIES
1a. Basis of accounting and general information
W. S. Hunt's Properties Limited is a private company limited by shares and incorporated in England within the United Kingdom, registration number 00687401. The registered office is 71 Brox Road, Ottershaw, Surrey KT16 0LD.
The financial statements have been prepared under the historical cost convention modified to include investment properties at fair value, and in accordance with FRS 102, section 1A - The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006. The significant accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all years presented unless otherwise stated. The financial statements are presented in sterling which is the functional currency of the company and rounded to the nearest £.
1b. Tangible fixed assets
Tangible fixed assets are stated at cost net of depreciation and any provision for impairment . Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives.
Plant and Machinerystraight line 20%
Fixtures and Fittingsreducing balance 25/10%
1c. Investment Properties
Investment properties are measured annually at fair value determined by the directors at each reporting date with changes in fair value recognised in profit and loss. The directors have experience in the location and category of properties that have been valued and generally take into consideration observable market prices of similar properties in the area and general house price indices.
1d. Critical Estimates And Judgements
No significant judgements have had to be made by the directors in preparing these financial statements
The directors have made key assumptions in the determination of the fair value of investment property in respect of the state of the property market in the location where the property is situated and in respect of the range of reasonable fair value estimates of the assets.

W.S. Hunt's Properties Limited

2. TANGIBLE FIXED ASSETS
Plant andFixtures
Machineryand FittingsTotal
£££
Cost
At 1 April 202356,36521,82578,190
At 31 March 202456,36521,82578,190
Depreciation
At 1 April 202356,3659,46165,826
For the year-1,5681,568
At 31 March 202456,36511,02967,394
Net Book Amounts
At 31 March 2024-10,79610,796
At 31 March 2023-12,36412,364
3. INVESTMENT PROPERTIES
Investment
PropertiesTotal
££
Fair value
At 1 April 20235,020,0005,020,000
Additions1,9851,985
Revaluation(1,985)(1,985)
At 31 March 20245,020,0005,020,000
4. DEBTORS 20242023
££
Amounts falling due within one year
Trade debtors14,25717,481
Other debtors22,63319,498
36,89036,979

W.S. Hunt's Properties Limited

5. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
20242023
££
UK corporation tax4,7416,851
Other tax and social security15,70113,115
Loans275,000400,000
Trade creditors10,0614,647
Other creditors63,62622,728
369,129447,341
6. EMPLOYEES
20242023
No.No.
Average number of employees44
7. PROVISIONS FOR LIABILITIES 20242023
££
Deferred taxation552,641553,529
552,641553,529
8. SHARE CAPITAL 20242023
££
Allotted, issued and fully paid:
3,400 Ordinary shares of £1 each3,4003,400
3,501 10.5% Non Cumulative Participating Preference shares of £1 each3,5013,501
6,9016,901
9. RELATED PARTY TRANSACTIONS
Included in Creditors is an unsecured loan of £275,000 (2023 - £400,000) made to the company by an associated company. The loan is repayable on demand and interest is payable at the rate of 2.5% over base rate. Interest paid in the financial year amounted to £23,557 (2023 - £nil) .Balance outstanding as at the end of the accounting period was £275,000 (2023 - £400,000)
Dividends amounting to £13,040 (2023 - £13,040) was paid to a significant shareholder.

W.S. Hunt's Properties Limited

10. FINANCIAL COMMITMENTS, GUARANTEES AND CONTINGENCIES
Total financial commitments, guarantees and contingencies not included in the balance sheet in respect of maintenance contracts is estimated at £nil (2023 - £30,000).