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REGISTERED NUMBER: 00679568 (England and Wales)















HUNTS OF REDDITCH LIMITED

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2024






HUNTS OF REDDITCH LIMITED (REGISTERED NUMBER: 00679568)

CONTENTS OF THE FINANCIAL STATEMENTS
For The Year Ended 31 MARCH 2024










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


HUNTS OF REDDITCH LIMITED

COMPANY INFORMATION
For The Year Ended 31 MARCH 2024







DIRECTOR: N James





REGISTERED OFFICE: 8 Church Green East
Redditch
Worcestershire
B98 8BP





REGISTERED NUMBER: 00679568 (England and Wales)





ACCOUNTANTS: Charles Lovell & Co Limited
Chartered Certified Accountants
and Statutory Auditors
8 Church Green East
Redditch
Worcestershire
B98 8BP

HUNTS OF REDDITCH LIMITED (REGISTERED NUMBER: 00679568)

BALANCE SHEET
31 MARCH 2024

31.3.24 31.3.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 630,608 647,994

CURRENT ASSETS
Cash at bank 67 2,518

CREDITORS
Amounts falling due within one year 5 18,658 23,164
NET CURRENT LIABILITIES (18,591 ) (20,646 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

612,017

627,348

PROVISIONS FOR LIABILITIES 337 445
NET ASSETS 611,680 626,903

CAPITAL AND RESERVES
Called up share capital 51 51
Revaluation reserve 6 610,702 626,615
Capital redemption reserve 49 49
Retained earnings 878 188
SHAREHOLDERS' FUNDS 611,680 626,903

HUNTS OF REDDITCH LIMITED (REGISTERED NUMBER: 00679568)

BALANCE SHEET - continued
31 MARCH 2024


The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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 applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 2 September 2024 and were signed by:





N James - Director


HUNTS OF REDDITCH LIMITED (REGISTERED NUMBER: 00679568)

NOTES TO THE FINANCIAL STATEMENTS
For The Year Ended 31 MARCH 2024


1. STATUTORY INFORMATION

Hunts of Redditch 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.

2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention as modified by the revaluation of certain assets.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Freehold prop - 2% on cost
Plant and machinery - 10% on cost
Motor vehicles - 25% on cost
Computer equipment - 33% on cost

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 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. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2023 - 1 ) .

HUNTS OF REDDITCH LIMITED (REGISTERED NUMBER: 00679568)

NOTES TO THE FINANCIAL STATEMENTS - continued
For The Year Ended 31 MARCH 2024


4. TANGIBLE FIXED ASSETS
Freehold Plant and Motor Computer
prop machinery vehicles equipment Totals
£    £    £    £    £   
COST OR VALUATION
At 1 April 2023
and 31 March 2024 1,052,243 49,467 45,568 267 1,147,545
DEPRECIATION
At 1 April 2023 406,592 47,392 45,339 228 499,551
Charge for year 16,818 300 229 39 17,386
At 31 March 2024 423,410 47,692 45,568 267 516,937
NET BOOK VALUE
At 31 March 2024 628,833 1,775 - - 630,608
At 31 March 2023 645,651 2,075 229 39 647,994

Cost or valuation at 31 March 2024 is represented by:

Freehold Plant and Motor Computer
prop machinery vehicles equipment Totals
£    £    £    £    £   
Valuation in 2008 563,618 - - - 563,618
Valuation in 2013 (186,085 ) - - - (186,085 )
Valuation in 2014 77,437 - - - 77,437
Valuation in 2018 340,651 - - - 340,651
Cost 256,622 49,467 45,568 267 351,924
1,052,243 49,467 45,568 267 1,147,545

If freehold land and buildings had not been revalued they would have been included at the following historical cost:

31.3.24 31.3.23
£    £   
Cost 256,622 256,622
Aggregate depreciation 236,681 236,681

Value of land in freehold land and buildings 30,097 30,097

Freehold land and buildings were valued on an open market basis on 7 June 2017 by John Truslove Chartered Surveyors .

5. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Taxation and social security 9,064 9,084
Other creditors 9,594 14,080
18,658 23,164

HUNTS OF REDDITCH LIMITED (REGISTERED NUMBER: 00679568)

NOTES TO THE FINANCIAL STATEMENTS - continued
For The Year Ended 31 MARCH 2024


6. RESERVES
Revaluation
reserve
£   
At 1 April 2023 626,615
Surplus on revaluation of freehold property (15,913 )

At 31 March 2024 610,702

7. ULTIMATE CONTROLLING PARTY

The ultimate controlling party is N James.