HINTON PARK ESTATE LIMITED

Company Registration Number:
03468705 (England and Wales)

Unaudited statutory accounts for the year ended 30 April 2024

Period of accounts

Start date: 1 May 2023

End date: 30 April 2024

HINTON PARK ESTATE LIMITED

Contents of the Financial Statements

for the Period Ended 30 April 2024

Balance sheet
Additional notes
Balance sheet notes

HINTON PARK ESTATE LIMITED

Balance sheet

As at 30 April 2024

Notes 2024 2023


£

£
Fixed assets
Intangible assets:   0 0
Tangible assets: 3 1,124,203 937,854
Investments: 4 34,348 51,864
Total fixed assets: 1,158,551 989,718
Current assets
Stocks: 5 257,560 239,950
Debtors: 6 565,782 1,076,934
Cash at bank and in hand: 8,154 120,401
Total current assets: 831,496 1,437,285
Creditors: amounts falling due within one year: 7 ( 374,425 ) ( 938,600 )
Net current assets (liabilities): 457,071 498,685
Total assets less current liabilities: 1,615,622 1,488,403
Creditors: amounts falling due after more than one year: 8 ( 633,789 ) ( 552,301 )
Provision for liabilities: ( 108,204 ) ( 64,529 )
Total net assets (liabilities): 873,629 871,573
Capital and reserves
Called up share capital: 600 600
Profit and loss account: 873,029 870,973
Total Shareholders' funds: 873,629 871,573

The notes form part of these financial statements

HINTON PARK ESTATE LIMITED

Balance sheet statements

For the year ending 30 April 2024 the company was entitled to exemption 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.

The directors have chosen not to file a copy of the company's profit and loss account.

This report was approved by the board of directors on 2 January 2025
and signed on behalf of the board by:

Name: Stephen Ruell
Status: Director

The notes form part of these financial statements

HINTON PARK ESTATE LIMITED

Notes to the Financial Statements

for the Period Ended 30 April 2024

  • 1. Accounting policies

    Basis of measurement and preparation

    These financial statements have been prepared in accordance with the provisions of Section 1A (Small Entities) of Financial Reporting Standard 102

    Turnover policy

    Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts. The company recognises revenue when: The amount of revenue can be reliably measured; it is probable that future economic benefits will flow to the entity; and specific criteria have been met for each of the company's activities.

    Tangible fixed assets depreciation policy

    Tangible assets are stated in the statement of financial position at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses. The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation. Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows: Asset class Depreciation method and rate Property improvements - Straight line method over the life of the lease Office equipment - Straight line method 33.33% Motor vehicles - Written down value 25% Plant and machinery - Written down value 25%

    Intangible fixed assets amortisation policy

    Separately acquired trademarks and licences are shown at historical cost. Trademarks, licences (including software) and customer-related intangible assets acquired in a business combination are recognised at fair value at the acquisition date. Trademarks, licences and customer-related intangible assets have a finite useful life and are carried at cost less accumulated amortisation and any accumulated impairment losses. Amortisation is provided on intangible assets so as to write off the cost, less any estimated residual value, over their useful life as follows: Asset class Amortisation method and rate Trademarks, patents and licenses - Straight line method for 5 years and 10 years

    Other accounting policies

    Tax The tax expense for the period comprises current and deferred tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income. The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income. Deferred tax is recognised in respect of all timing differences between taxable profits and profits reported in the financial statements. Unrelieved tax losses and other deferred tax assets are recognised when it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference. Cash and cash equivalents Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value. Trade debtors Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business. Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables. Stocks Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first-in, first-out (FIFO) method. The cost of finished goods and work in progress comprises direct materials and, where applicable, direct labour costs and those overheads that have been incurred in bringing the inventories to their present location and condition. At each reporting date, stocks are assessed for impairment. If stocks are impaired, the carrying amount is reduced to its selling price less costs to complete and sell; the impairment loss is recognised immediately in profit or loss. Trade creditors Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an Unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities. Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method. Borrowings Interest-bearing borrowings are initially recorded at fair value, net of transaction costs. Interest bearing borrowings are subsequently carried at amortised cost, with the difference between the proceeds, net of transaction costs, and the amount due on redemption being recognised as a charge to the Profit and Loss Account over the period of the relevant borrowing. Interest expense is recognised on the basis of the effective interest method and is included in interest payable and similar charges. Borrowings are classified as current liabilities unless the company has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date. Share capital Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis. Dividends Dividend distribution to the company’s shareholders is recognised as a liability in the financial statements in the reporting period in which the dividends are declared. Defined contribution pension obligation A defined contribution plan is a pension plan under which fixed contributions are paid into a pension fund and the company has no legal or constructive obligation to pay further contributions even if the fund does not hold sufficient assets to pay all employees the benefits relating to employee service in the current and prior periods. Contributions to defined contribution plans are recognised as employee benefit expense when they are due. If contribution payments exceed the contribution due for service, the excess is recognised as a prepayment.

HINTON PARK ESTATE LIMITED

Notes to the Financial Statements

for the Period Ended 30 April 2024

  • 2. Employees

    2024 2023
    Average number of employees during the period 4 5

HINTON PARK ESTATE LIMITED

Notes to the Financial Statements

for the Period Ended 30 April 2024

3. Tangible assets

Land & buildings Plant & machinery Fixtures & fittings Office equipment Motor vehicles Total
Cost £ £ £ £ £ £
At 1 May 2023 1,201,039 1,222,164 11,308 21,300 2,455,811
Additions 20,518 312,347 610 333,475
Disposals ( 35,130 ) ( 35,130 )
Revaluations
Transfers
At 30 April 2024 1,221,557 1,499,381 11,918 21,300 2,754,156
Depreciation
At 1 May 2023 488,379 1,002,333 9,321 17,924 1,517,957
Charge for year 11,061 132,925 1,819 844 146,649
On disposals ( 34,653 ) ( 34,653 )
Other adjustments
At 30 April 2024 499,440 1,100,605 11,140 18,768 1,629,953
Net book value
At 30 April 2024 722,117 398,776 778 2,532 1,124,203
At 30 April 2023 712,660 219,831 1,987 3,376 937,854

Included within the net book value of land and buildings above is £151,283 (2023 - £141,826) in respect of short leasehold land and buildings.

HINTON PARK ESTATE LIMITED

Notes to the Financial Statements

for the Period Ended 30 April 2024

4. Fixed assets investments note

Financial assets at fair value through profit and loss Cost as at 1 May 2023 = £51,864 Fair value adjustment = (£17,516) Carrying amount as at 30 April 2024 = £34,348

HINTON PARK ESTATE LIMITED

Notes to the Financial Statements

for the Period Ended 30 April 2024

5. Stocks

2024 2023
£ £
Stocks 257,560 239,950
Total 257,560 239,950

HINTON PARK ESTATE LIMITED

Notes to the Financial Statements

for the Period Ended 30 April 2024

6. Debtors

2024 2023
£ £
Trade debtors 104,062 78,077
Prepayments and accrued income 27,152 59,841
Other debtors 434,568 939,016
Total 565,782 1,076,934

HINTON PARK ESTATE LIMITED

Notes to the Financial Statements

for the Period Ended 30 April 2024

7. Creditors: amounts falling due within one year note

2024 2023
£ £
Bank loans and overdrafts 54,665 53,460
Amounts due under finance leases and hire purchase contracts 49,575 34,034
Trade creditors 110,626 125,220
Taxation and social security 482 93,345
Accruals and deferred income 31,136 32,445
Other creditors 127,941 600,096
Total 374,425 938,600

HINTON PARK ESTATE LIMITED

Notes to the Financial Statements

for the Period Ended 30 April 2024

8. Creditors: amounts falling due after more than one year note

2024 2023
£ £
Bank loans and overdrafts 497,635 552,301
Amounts due under finance leases and hire purchase contracts 136,154
Total 633,789 552,301

HINTON PARK ESTATE LIMITED

Notes to the Financial Statements

for the Period Ended 30 April 2024

9. Financial Commitments

Loans and borrowings Bank loan - 1 to 2 years: £55,852 (2023: £54,665) Bank loan - 2 to 5 years: £118,418 (2023: £134,618) Bank loan - more than 5 years: £3,365 (2023: £43,018) Total: £177,636 (2023: £232,301) Non-current loans and borrowings Redeemable preference shares: £320,000 (2023: £320,000) Hire purchase Hire purchase - 1 to 2 years: £53,535 (2023: nil) Hire purchase - 2 to 5 years £82,619 (2023: nil) Total: £136,154 (2023: nil)