IRIS Accounts Production v24.2.0.383 02874551 Board of Directors 1.3.23 29.2.24 29.2.24 0 0 false true false false false true false Ordinary 1.00000 iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh028745512023-02-28028745512024-02-29028745512023-03-012024-02-29028745512022-02-28028745512022-03-012023-02-28028745512023-02-2802874551ns15:EnglandWales2023-03-012024-02-2902874551ns14:PoundSterling2023-03-012024-02-2902874551ns10:Director12023-03-012024-02-2902874551ns10:PrivateLimitedCompanyLtd2023-03-012024-02-2902874551ns10:SmallEntities2023-03-012024-02-2902874551ns10:AuditExempt-NoAccountantsReport2023-03-012024-02-2902874551ns10:SmallCompaniesRegimeForDirectorsReport2023-03-012024-02-2902874551ns10:SmallCompaniesRegimeForAccounts2023-03-012024-02-2902874551ns10:FullAccounts2023-03-012024-02-290287455112023-03-012024-02-2902874551ns10:OrdinaryShareClass12023-03-012024-02-2902874551ns10:Director22023-03-012024-02-2902874551ns10:RegisteredOffice2023-03-012024-02-2902874551ns5:CurrentFinancialInstruments2024-02-2902874551ns5:CurrentFinancialInstruments2023-02-2802874551ns5:ShareCapital2024-02-2902874551ns5:ShareCapital2023-02-2802874551ns5:RevaluationReserve2024-02-2902874551ns5:RevaluationReserve2023-02-2802874551ns5:RetainedEarningsAccumulatedLosses2024-02-2902874551ns5:RetainedEarningsAccumulatedLosses2023-02-2802874551ns5:NetGoodwill2023-03-012024-02-2902874551ns5:IntangibleAssetsOtherThanGoodwill2023-03-012024-02-2902874551ns5:LongLeaseholdAssetsns5:LandBuildings2023-03-012024-02-2902874551ns5:NetGoodwill2023-02-2802874551ns5:NetGoodwill2024-02-2902874551ns5:NetGoodwill2023-02-2802874551ns5:LongLeaseholdAssetsns5:LandBuildings2023-02-2802874551ns5:LongLeaseholdAssetsns5:LandBuildings2024-02-2902874551ns5:LongLeaseholdAssetsns5:LandBuildings2023-02-2802874551ns5:WithinOneYearns5:CurrentFinancialInstruments2024-02-2902874551ns5:WithinOneYearns5:CurrentFinancialInstruments2023-02-2802874551ns5:DeferredTaxation2023-02-2802874551ns5:DeferredTaxation2023-03-012024-02-2902874551ns5:DeferredTaxation2024-02-2902874551ns10:OrdinaryShareClass12024-02-2902874551ns5:RetainedEarningsAccumulatedLosses2023-02-2802874551ns5:RevaluationReserve2023-02-2802874551ns5:RetainedEarningsAccumulatedLosses2023-03-012024-02-29
REGISTERED NUMBER: 02874551 (England and Wales)



















Unaudited Financial Statements

for the Year Ended 29 February 2024

for

HUNTCOURT LIMITED

HUNTCOURT LIMITED (REGISTERED NUMBER: 02874551)






Contents of the Financial Statements
for the Year Ended 29 February 2024




Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 4


HUNTCOURT LIMITED

Company Information
for the Year Ended 29 February 2024







DIRECTORS: Balbinder Singh Sohal
Harj Mattu





REGISTERED OFFICE: Park Regis Hotel
Broad Street
Birmingham
West Midlands
B15 1DT





REGISTERED NUMBER: 02874551 (England and Wales)





ACCOUNTANTS: Brindleys Limited
2 Wheeleys Road
Edgbaston
Birmingham
West Midlands
B15 2LD

HUNTCOURT LIMITED (REGISTERED NUMBER: 02874551)

Statement of Financial Position
29 February 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 - -
Tangible assets 5 2,451,429 2,476,190
2,451,429 2,476,190

CURRENT ASSETS
Debtors 6 1,056,917 62,425
Cash at bank 462,143 1,624,892
1,519,060 1,687,317
CREDITORS
Amounts falling due within one year 7 2,907,607 3,008,355
NET CURRENT LIABILITIES (1,388,547 ) (1,321,038 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,062,882

1,155,152

PROVISIONS FOR LIABILITIES 8 225,361 170,807
NET ASSETS 837,521 984,345

CAPITAL AND RESERVES
Called up share capital 9 100 100
Revaluation reserve 10 936,920 936,920
Retained earnings 10 (99,499 ) 47,325
SHAREHOLDERS' FUNDS 837,521 984,345

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 29 February 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 29 February 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.

HUNTCOURT LIMITED (REGISTERED NUMBER: 02874551)

Statement of Financial Position - continued
29 February 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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 10 October 2024 and were signed on its behalf by:





Harj Mattu - Director


HUNTCOURT LIMITED (REGISTERED NUMBER: 02874551)

Notes to the Financial Statements
for the Year Ended 29 February 2024

1. STATUTORY INFORMATION

Huntcourt 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.

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

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2013, is being amortised evenly over its estimated useful life of ten years.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Long leasehold - Over the life of the lease

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 statement of financial position date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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.

Holiday pay
Holiday pay is recognised as an expense in the period in which the service is received.

HUNTCOURT LIMITED (REGISTERED NUMBER: 02874551)

Notes to the Financial Statements - continued
for the Year Ended 29 February 2024

3. EMPLOYEES AND DIRECTORS

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

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 March 2023
and 29 February 2024 200,000
AMORTISATION
At 1 March 2023
and 29 February 2024 200,000
NET BOOK VALUE
At 29 February 2024 -
At 28 February 2023 -

5. TANGIBLE FIXED ASSETS
Long
leasehold
£   
COST OR VALUATION
At 1 March 2023
and 29 February 2024 2,600,000
DEPRECIATION
At 1 March 2023 123,810
Charge for year 24,761
At 29 February 2024 148,571
NET BOOK VALUE
At 29 February 2024 2,451,429
At 28 February 2023 2,476,190

Cost or valuation at 29 February 2024 is represented by:

Long
leasehold
£   
Valuation in 2015 2,622,447
Valuation in 2017 428,436
Valuation in 2019 (1,900,000 )
Cost 1,449,117
2,600,000

HUNTCOURT LIMITED (REGISTERED NUMBER: 02874551)

Notes to the Financial Statements - continued
for the Year Ended 29 February 2024

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 24,210 -
Amounts owed by group undertakings 48,354 48,354
Other debtors 961,124 4,573
VAT 22,288 9,498
Prepayments 941 -
1,056,917 62,425

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade creditors 112,402 190,729
Other creditors 2,727,000 2,814,508
Directors' current accounts - 1,368
Accrued expenses 68,205 1,750
2,907,607 3,008,355

8. PROVISIONS FOR LIABILITIES
2024 2023
£    £   
Deferred tax 225,361 170,807

Deferred
tax
£   
Balance at 1 March 2023 170,807
Provided during year 54,554
Balance at 29 February 2024 225,361







9. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
100 Ordinary 1 100 100

HUNTCOURT LIMITED (REGISTERED NUMBER: 02874551)

Notes to the Financial Statements - continued
for the Year Ended 29 February 2024

10. RESERVES
Retained Revaluation
earnings reserve Totals
£    £    £   

At 1 March 2023 47,325 936,920 984,245
Deficit for the year (146,824 ) (146,824 )
At 29 February 2024 (99,499 ) 936,920 837,421

11. RELATED PARTY DISCLOSURES

As at the year end, the company was owed £48,354 (2023: £48,354) by its parent company, Group 7 Properties Ltd which is registered in England and Wales under company number 04751994.

12. ULTIMATE CONTROLLING PARTY

The ultimate controlling party is Group 7 Properties Ltd which is registered in England and wales under registration number 04751994.