Company Registration No. 04138172 (England and Wales)
Hunts Trading Limited
Unaudited accounts
for the year ended 31 August 2024
Hunts Trading Limited
Unaudited accounts
Contents
Hunts Trading Limited
Company Information
for the year ended 31 August 2024
Directors
Mr L R Hunt
Mrs N M Hunt
Company Number
04138172 (England and Wales)
Registered Office
Malt House Studios
4 Brook Street
Bishops Waltham
Hamphire
SO32 1AX
Accountants
Meon Valley Accounting Ltd
Malt House Studios
4 Brook Street
Bishops Waltham
Hampshire
SO32 1AX
Hunts Trading Limited
Statement of financial position
as at 31 August 2024
Investment property
200,000
195,000
Cash at bank and in hand
7,465
6,415
Creditors: amounts falling due within one year
(808)
(4,808)
Net current assets
6,657
3,759
Total assets less current liabilities
206,657
198,759
Creditors: amounts falling due after more than one year
(3,500)
(3,500)
Provisions for liabilities
Deferred tax
(14,325)
(12,011)
Net assets
188,832
183,248
Called up share capital
120,000
120,000
Fair value reserve
52,116
63,216
Profit and loss account
16,716
32
Shareholders' funds
188,832
183,248
For the year ending 31 August 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 3 November 2024 and were signed on its behalf by
Mr L R Hunt
Director
Company Registration No. 04138172
Hunts Trading Limited
Notes to the Accounts
for the year ended 31 August 2024
Hunts Trading Limited is a private company, limited by shares, registered in England and Wales, registration number 04138172. The registered office is Malt House Studios , 4 Brook Street, Bishops Waltham, Hamphire, SO32 1AX.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Investment property is included at market fair value. Gains are recognised in the income statement. Deferred taxation is provided on these gains at the rate expected to apply when the property is sold.
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws.
Deferred tax assets and liabilities are not discounted.
Fair value at 1 September 2023
195,000
Net gain from fair value adjustments
5,000
The Investment Property is valued annually at the year end at fair value, determined by the Directors.
Amounts falling due within one year
Hunts Trading Limited
Notes to the Accounts
for the year ended 31 August 2024
6
Creditors: amounts falling due within one year
2024
2023
Loans from directors
358
4,358
7
Creditors: amounts falling due after more than one year
2024
2023
Other creditors
3,500
3,500
8
Average number of employees
During the year the average number of employees was 2 (2023: 2).