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REGISTERED NUMBER: 09447182 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 March 2024

for

Hinton Properties & Investments Limited

Hinton Properties & Investments Limited (Registered number: 09447182)






Contents of the Financial Statements
for the Year Ended 31 March 2024




Page

Company Information 1

Abridged Balance Sheet 2

Notes to the Financial Statements 4


Hinton Properties & Investments Limited

Company Information
for the Year Ended 31 March 2024







DIRECTORS: Mr M Hinton
Mrs E J C Hinton





REGISTERED OFFICE: The Old Doctor's House
74 Grange Road
Dudley
West Midlands
DY1 2AW





REGISTERED NUMBER: 09447182 (England and Wales)

Hinton Properties & Investments Limited (Registered number: 09447182)

Abridged Balance Sheet
31 March 2024

31.3.24 31.3.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 84,400 184,376
Investment property 5 5,487,377 4,263,622
5,571,777 4,447,998

CURRENT ASSETS
Debtors 187,273 131,351
Cash at bank 17,259 179,824
204,532 311,175
CREDITORS
Amounts falling due within one year 2,647,864 2,106,697
NET CURRENT LIABILITIES (2,443,332 ) (1,795,522 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

3,128,445

2,652,476

CREDITORS
Amounts falling due after more than one
year

6

(366,375

)

(401,020

)

PROVISIONS FOR LIABILITIES (464,496 ) (357,430 )
NET ASSETS 2,297,574 1,894,026

CAPITAL AND RESERVES
Called up share capital 8 2 2
Fair value reserve 1,393,488 1,072,289
Retained earnings 904,084 821,735
SHAREHOLDERS' FUNDS 2,297,574 1,894,026

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.

Hinton Properties & Investments Limited (Registered number: 09447182)

Abridged 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.

All the members have consented to the preparation of an abridged Balance Sheet for the year ended 31 March 2024 in accordance with Section 444(2A) of the Companies Act 2006.

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 14 November 2024 and were signed on its behalf by:




Mr M Hinton - Director



Mrs E J C Hinton - Director


Hinton Properties & Investments Limited (Registered number: 09447182)

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

1. STATUTORY INFORMATION

Hinton Properties & Investments 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.

The presentation currency of the financial statements is the Pound Sterling (£).


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.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Fixtures and fittings - 25% on cost

Investment property
Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

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 2 (2023 - 1 ) .

Hinton Properties & Investments Limited (Registered number: 09447182)

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

4. TANGIBLE FIXED ASSETS
Totals
£   
COST
At 1 April 2023
and 31 March 2024 434,327
DEPRECIATION
At 1 April 2023 249,951
Charge for year 99,976
At 31 March 2024 349,927
NET BOOK VALUE
At 31 March 2024 84,400
At 31 March 2023 184,376

5. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 April 2023 4,263,622
Additions 791,801
Disposals (55,000 )
Revaluations 486,954
At 31 March 2024 5,487,377
NET BOOK VALUE
At 31 March 2024 5,487,377
At 31 March 2023 4,263,622

Fair value at 31 March 2024 is represented by:
£   
Valuation in 2024 431,954
Valuation in 2023 1,289,686
Valuation in 2022 (347,689 )
Valuation in 2018 490,195
Valuation in 2016 (6,163 )
Cost 3,629,394
5,487,377

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

31.3.24 31.3.23
£    £   
Cost 3,629,394 2,489,904

Investment property was valued on an open market basis on 31 March 2024 by the directors .

Hinton Properties & Investments Limited (Registered number: 09447182)

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

6. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN FIVE
YEARS
31.3.24 31.3.23
£    £   
Repayable by instalments
Bank loans more 5 yr by instal 183,190 212,798

7. SECURED DEBTS

The following secured debts are included within creditors:

31.3.24 31.3.23
£    £   
Bank loans 410,255 444,341

The bank loans are secured by a fixed and floating charge over the freehold properties..

8. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.3.24 31.3.23
value: £    £   
2 Ordinary £1 2 2