IRIS Accounts Production v24.3.0.553 03682759 Board of Directors 1.4.23 31.3.24 31.3.24 false true false false false true false iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh036827592023-03-31036827592024-03-31036827592023-04-012024-03-31036827592022-03-31036827592022-04-012023-03-31036827592023-03-3103682759ns15:EnglandWales2023-04-012024-03-3103682759ns14:PoundSterling2023-04-012024-03-3103682759ns10:Director12023-04-012024-03-3103682759ns10:PrivateLimitedCompanyLtd2023-04-012024-03-3103682759ns10:SmallEntities2023-04-012024-03-3103682759ns10:AuditExempt-NoAccountantsReport2023-04-012024-03-3103682759ns10:SmallCompaniesRegimeForDirectorsReport2023-04-012024-03-3103682759ns10:SmallCompaniesRegimeForAccounts2023-04-012024-03-3103682759ns10:FullAccounts2023-04-012024-03-310368275912023-04-012024-03-3103682759ns10:Director22023-04-012024-03-3103682759ns10:Director32023-04-012024-03-3103682759ns10:RegisteredOffice2023-04-012024-03-3103682759ns5:CurrentFinancialInstruments2024-03-3103682759ns5:CurrentFinancialInstruments2023-03-3103682759ns5:ShareCapital2024-03-3103682759ns5:ShareCapital2023-03-3103682759ns5:RetainedEarningsAccumulatedLosses2024-03-3103682759ns5:RetainedEarningsAccumulatedLosses2023-03-3103682759ns5:NetGoodwill2023-04-012024-03-3103682759ns5:IntangibleAssetsOtherThanGoodwill2023-04-012024-03-3103682759ns5:LeaseholdImprovements2023-04-012024-03-3103682759ns5:PlantMachinery2023-04-012024-03-3103682759ns5:FurnitureFittings2023-04-012024-03-3103682759ns5:ComputerEquipment2023-04-012024-03-3103682759ns5:NetGoodwill2023-03-3103682759ns5:NetGoodwill2024-03-3103682759ns5:NetGoodwill2023-03-3103682759ns5:LeaseholdImprovements2023-03-3103682759ns5:PlantMachinery2023-03-3103682759ns5:FurnitureFittings2023-03-3103682759ns5:ComputerEquipment2023-03-3103682759ns5:LeaseholdImprovements2024-03-3103682759ns5:PlantMachinery2024-03-3103682759ns5:FurnitureFittings2024-03-3103682759ns5:ComputerEquipment2024-03-3103682759ns5:LeaseholdImprovements2023-03-3103682759ns5:PlantMachinery2023-03-3103682759ns5:FurnitureFittings2023-03-3103682759ns5:ComputerEquipment2023-03-3103682759ns5:CurrentFinancialInstrumentsns5:WithinOneYear2024-03-3103682759ns5:CurrentFinancialInstrumentsns5:WithinOneYear2023-03-31
REGISTERED NUMBER: 03682759 (England and Wales)









HUNT DEVELOPMENTS (UK) LIMITED

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2024






HUNT DEVELOPMENTS (UK) LIMITED (REGISTERED NUMBER: 03682759)






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


HUNT DEVELOPMENTS (UK) LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 MARCH 2024







DIRECTORS: Mr T L Hunt
Mr D Hunt
Mr T M Hunt



REGISTERED OFFICE: Units 15 - 18
Holmbush Industrial Estate
Midhurst
West Sussex
GU29 9HX



REGISTERED NUMBER: 03682759 (England and Wales)



ACCOUNTANTS: Morris Crocker
Chartered Accountants
Station House
North Street
Havant
Hampshire
PO9 1QU



SOLICITORS: MacDonald Oates
Knockhundred Row
Midhurst
West Sussex
GU29 9DQ

HUNT DEVELOPMENTS (UK) LIMITED (REGISTERED NUMBER: 03682759)

BALANCE SHEET
31 MARCH 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 - -
Tangible assets 5 53,936 58,979
53,936 58,979

CURRENT ASSETS
Stocks 274,974 315,571
Debtors 6 507,699 499,124
Cash at bank and in hand 1,248,600 843,106
2,031,273 1,657,801
CREDITORS
Amounts falling due within one year 7 177,929 228,346
NET CURRENT ASSETS 1,853,344 1,429,455
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,907,280

1,488,434

PROVISIONS FOR LIABILITIES 8,710 6,781
NET ASSETS 1,898,570 1,481,653

CAPITAL AND RESERVES
Called up share capital 10,000 10,000
Retained earnings 1,888,570 1,471,653
SHAREHOLDERS' FUNDS 1,898,570 1,481,653

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.

HUNT DEVELOPMENTS (UK) LIMITED (REGISTERED NUMBER: 03682759)

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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 28 October 2024 and were signed on its behalf by:





Mr T L Hunt - Director


HUNT DEVELOPMENTS (UK) LIMITED (REGISTERED NUMBER: 03682759)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

1. STATUTORY INFORMATION

Hunt Developments (UK) 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.

Turnover
Income is recognised when a customer order has been completed, net of value added tax and trade discounts. Customer orders partly completed at the year end are included in stock as work in progress.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 1999, is being amortised evenly over its estimated useful life of twenty 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.
Improvements to property - 20% on cost
Plant and machinery - 20% on cost
Fixtures and fittings - 25% on cost
Computer equipment - 33% on cost

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Financial instruments
The company only enters into basic financial instruments transactions that result in the recognition of financial assets and liabilities like trade and other accounts receivable and payable, loans from banks and other third parties and loans to related parties and investments in non-puttable ordinary shares.

Trade and other debtors
Short term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment

Cash and cash equivalents
Cash and cash equivalents comprise cash at bank and on hand, deposits with banks and other short-term highly liquid investments and bank overdrafts. In the balance sheet, bank overdrafts are shown within borrowings or current liabilities.

Trade and other creditors
Short term trade creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method

HUNT DEVELOPMENTS (UK) LIMITED (REGISTERED NUMBER: 03682759)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2024

2. ACCOUNTING POLICIES - continued

Research and development
Expenditure on research and development is written off in the year in which it is incurred.


Foreign currencies
Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

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

Deferred taxation
Full provision is made at current rates for material deferred tax assets and liabilities arising from timing differences between the recognition of gains and losses in the financial statements and their recognition in a tax computation.


3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 22 (2023 - 24 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 April 2023
and 31 March 2024 250,000
AMORTISATION
At 1 April 2023
and 31 March 2024 250,000
NET BOOK VALUE
At 31 March 2024 -
At 31 March 2023 -

HUNT DEVELOPMENTS (UK) LIMITED (REGISTERED NUMBER: 03682759)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2024

5. TANGIBLE FIXED ASSETS
Improvements Fixtures
to Plant and and Computer
property machinery fittings equipment Totals
£    £    £    £    £   
COST
At 1 April 2023 241,959 910,080 75,937 70,455 1,298,431
Additions - 15,175 1,554 2,059 18,788
At 31 March 2024 241,959 925,255 77,491 72,514 1,317,219
DEPRECIATION
At 1 April 2023 241,959 859,476 75,050 62,967 1,239,452
Charge for year - 18,400 809 4,622 23,831
At 31 March 2024 241,959 877,876 75,859 67,589 1,263,283
NET BOOK VALUE
At 31 March 2024 - 47,379 1,632 4,925 53,936
At 31 March 2023 - 50,604 887 7,488 58,979

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 218,596 337,579
Other debtors 289,103 161,545
507,699 499,124

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade creditors 124,810 142,895
Taxation and social security 21,953 25,675
Other creditors 31,166 59,776
177,929 228,346

8. SECURED DEBTS

Hire purchase contracts are secured on the assets being financed.