Registered number: 00687401 | ||||||||
FOR THE YEAR ENDED 31 MARCH 2024 | ||||||||
Prepared By: | ||||||||
W.S. Hunt's Properties Limited | ||||||||
ACCOUNTS | ||||||||
FOR THE YEAR ENDED 31 MARCH 2024 | ||||||||
DIRECTORS | ||||||||
SECRETARY | ||||||||
REGISTERED OFFICE | ||||||||
Surrey | ||||||||
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 Sheet | 3 | |||||||
Notes To The Accounts | 4 | |||||||
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 | ||||||||||
2024 | 2023 | |||||||||
Notes | £ | £ | ||||||||
FIXED ASSETS | ||||||||||
Tangible assets | 2 | |||||||||
CURRENT ASSETS | ||||||||||
Debtors | 4 | |||||||||
Cash at bank and in hand | ||||||||||
82,078 | 209,160 | |||||||||
CREDITORS: Amounts falling due within one year | 5 | |||||||||
NET CURRENT LIABILITIES | ( | (238,181) | ||||||||
TOTAL ASSETS LESS CURRENT LIABILITIES | ||||||||||
PROVISIONS FOR LIABILITIES AND CHARGES | 7 | |||||||||
NET ASSETS | ||||||||||
CAPITAL AND RESERVES | ||||||||||
Called up share capital | 8 | |||||||||
Revaluation reserve | , | 3,334,398 | 3,335,887 | |||||||
Profit and loss account | 849,805 | 897,866 | ||||||||
SHAREHOLDERS' FUNDS | ||||||||||
Approved by the board on | ||||||||||
............................. | ||||||||||
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 | ||||||||
Plant and Machinery | straight line 20% | |||||||
Fixtures and Fittings | reducing 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 and | Fixtures | |||||
Machinery | and Fittings | Total | ||||
£ | £ | £ | ||||
Cost | ||||||
At 1 April 2023 | 56,365 | 21,825 | 78,190 | |||
At 31 March 2024 | 56,365 | 21,825 | 78,190 | |||
Depreciation | ||||||
At 1 April 2023 | 56,365 | 9,461 | 65,826 | |||
For the year | - | 1,568 | 1,568 | |||
At 31 March 2024 | 56,365 | 11,029 | 67,394 | |||
Net Book Amounts | ||||||
At 31 March 2024 | 10,796 | |||||
At 31 March 2023 | 12,364 | |||||
3. INVESTMENT PROPERTIES | ||||
Investment | ||||
Properties | Total | |||
£ | £ | |||
Fair value | ||||
At 1 April 2023 | 5,020,000 | 5,020,000 | ||
Additions | 1,985 | 1,985 | ||
Revaluation | (1,985) | (1,985) | ||
At 31 March 2024 | 5,020,000 | 5,020,000 | ||
4. DEBTORS | 2024 | 2023 | ||||||
£ | £ | |||||||
Amounts falling due within one year | ||||||||
Trade debtors | 14,257 | 17,481 | ||||||
Other debtors | 22,633 | 19,498 | ||||||
36,890 | 36,979 | |||||||
W.S. Hunt's Properties Limited | ||||||||
5. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR | ||||||||
2024 | 2023 | |||||||
£ | £ | |||||||
UK corporation tax | 4,741 | 6,851 | ||||||
Other tax and social security | 15,701 | 13,115 | ||||||
Loans | 275,000 | 400,000 | ||||||
Trade creditors | 10,061 | 4,647 | ||||||
Other creditors | 63,626 | 22,728 | ||||||
369,129 | 447,341 | |||||||
6. EMPLOYEES | ||||||
2024 | 2023 | |||||
No. | No. | |||||
Average number of employees | 4 | |||||
7. PROVISIONS FOR LIABILITIES | 2024 | 2023 | ||||||
£ | £ | |||||||
Deferred taxation | 552,641 | 553,529 | ||||||
552,641 | 553,529 | |||||||
8. SHARE CAPITAL | 2024 | 2023 | ||||||
£ | £ | |||||||
Allotted, issued and fully paid: | ||||||||
3,400 | 3,400 | |||||||
3,501 | 3,501 | |||||||
6,901 | 6,901 | |||||||
9. RELATED PARTY TRANSACTIONS | |||||||||||||||||||||||||||||||||||||
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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). | ||||||||