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REGISTERED NUMBER: 00095096 (England and Wales)



















Financial Statements

for the Year Ended 31 March 2024

for

W J Hiscock & Son Limited

W J Hiscock & Son Limited (Registered number: 00095096)






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


W J Hiscock & Son Limited

Company Information
for the Year Ended 31 March 2024







DIRECTORS: Mr A M Willis
Mrs Y S Willis
Mr S P Wood
Miss S Willis
Mr S Willis





REGISTERED OFFICE: The Mills
Canal Street
Derby
Derbyshire
DE1 2RJ





REGISTERED NUMBER: 00095096 (England and Wales)





ACCOUNTANTS: Bates Weston LLP
Chartered Accountants
The Mills
Canal Street
Derby
DE1 2RJ

W J Hiscock & Son Limited (Registered number: 00095096)

Balance Sheet
31 March 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 - -
Investment property 5 4,800,000 5,035,000
4,800,000 5,035,000

CURRENT ASSETS
Debtors 6 - 16,000
Cash at bank 278,357 342,671
278,357 358,671
CREDITORS
Amounts falling due within one year 7 242,376 235,417
NET CURRENT ASSETS 35,981 123,254
TOTAL ASSETS LESS CURRENT
LIABILITIES

4,835,981

5,158,254

CREDITORS
Amounts falling due after more than one
year

8

(2,155,000

)

(2,195,000

)

PROVISIONS FOR LIABILITIES (188,000 ) (241,000 )
NET ASSETS 2,492,981 2,722,254

CAPITAL AND RESERVES
Called up share capital 25,065 25,065
Fair value reserve 10 1,679,292 1,869,292
Retained earnings 10 788,624 827,897
SHAREHOLDERS' FUNDS 2,492,981 2,722,254

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 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.

W J Hiscock & Son Limited (Registered number: 00095096)

Balance Sheet - continued
31 March 2024


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 Profit and Loss Account has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 23 September 2024 and were signed on its behalf by:





Mr A M Willis - Director


W J Hiscock & Son Limited (Registered number: 00095096)

Notes to the Financial Statements
for the Year Ended 31 March 2024

1. STATUTORY INFORMATION

W J Hiscock & Son 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 represents the amounts derived from properties sold during the year and the value for use of properties supplied during the year.

Turnover in relation to properties sold is recognised when the company has transferred the significant risks and rewards of ownership to the buyer and it is probable that the company will receive the agreed upon payment.

Fees receivable and services for the use of premises are accounted for in the year in which the services are provided.

Investment property
Investment property is not depreciated but is revalued annually at its fair value. Any aggregate surplus or deficit arising from changes in fair value are taken to the profit and loss account and transferred to a fair value reserve.

Deferred tax
Provision is made at current rates for taxation deferred in respect of all material timing differences, including provisions made for potential tax arising on assets which have been revalued.

Pension costs and other post-retirement benefits
The company operates defined benefit contribution schemes. Contributions payable to the company's pension schemes are charged to the profit and loss account in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 4 (2023 - 5 ) .

W J Hiscock & Son Limited (Registered number: 00095096)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2024

4. TANGIBLE FIXED ASSETS
Computer
equipment
£   
COST
At 1 April 2023
and 31 March 2024 2,211
DEPRECIATION
At 1 April 2023
and 31 March 2024 2,211
NET BOOK VALUE
At 31 March 2024 -
At 31 March 2023 -

5. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 April 2023 5,035,000
Revaluations (235,000 )
At 31 March 2024 4,800,000
NET BOOK VALUE
At 31 March 2024 4,800,000
At 31 March 2023 5,035,000

Fair value at 31 March 2024 is represented by:
£   
Valuation in 2024 4,800,000

If investment property had not been revalued it would have been included at the following historical cost:

2024 2023
£    £   
Cost 2,924,708 2,924,708
Aggregate depreciation (728,689 ) (670,194 )

Investment property was valued on a fair value basis on 31 March 2024 by Smiths Chartered Surveyors .

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Prepayments and accrued income - 16,000

W J Hiscock & Son Limited (Registered number: 00095096)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2024

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 40,000 40,000
Other loans 85,000 91,000
Trade creditors 4,186 540
Tax - 3,802
Social security and other taxes 12,378 13,032
Accruals and deferred income 100,812 87,043
242,376 235,417

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£    £   
Bank loans 2,155,000 2,195,000

9. SECURED DEBTS

The following secured debts are included within creditors:

2024 2023
£    £   
Bank loans 2,195,000 2,235,000

Loans are secured on investment properties.

10. RESERVES
Fair
Retained value
earnings reserve Totals
£    £    £   

At 1 April 2023 827,897 1,869,292 2,697,189
Deficit for the year (225,764 ) - (225,764 )
Dividends (3,509 ) - (3,509 )
Transfer deferred tax movement (45,000 ) 45,000 -
Revaluation 235,000 (235,000 ) -
At 31 March 2024 788,624 1,679,292 2,467,916