Registered number
10338394
Hunt Developments (SAH) Limited
Unaudited Filleted Accounts
30 April 2024
Hunt Developments (SAH) Limited
Registered number: 10338394
Balance Sheet
as at 30 April 2024
Notes 2024 2023
£ £
Fixed assets
Tangible assets 4 1,172,236 1,073,880
Current assets
Debtors 5 20,687 18,217
Cash at bank and in hand 50,871 15,422
71,558 33,639
Creditors: amounts falling due within one year 6 (49,417) (31,128)
Net current assets 22,141 2,511
Total assets less current liabilities 1,194,377 1,076,391
Provisions for liabilities - (143,172) (118,583)
deferred tax
Net assets 1,051,205 957,808
Capital and reserves
Called up share capital 808,073 808,073
Profit and loss account 243,132 149,735
Shareholder's funds 1,051,205 957,808
The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The member has not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
N A Hunt
Director
Approved by the board on 12 January 2025
Hunt Developments (SAH) Limited
Notes to the Accounts
for the year ended 30 April 2024
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention, as modified for the revaluation of investment property and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Turnover
Turnover comprises rents receivable and management fees.
Tangible fixed assets
Investment property is included at cost which is equivalent to fair value. Gains are recognised in profit and loss account. Deferred taxation is provided on these gains at the rate expected to apply when the property is sold.
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. 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, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
2 Employees 2024 2023
Number Number
Average number of persons employed by the company 1 1
3 Taxation 2024 2023
£ £
Current corporation tax on the profit for the year 8,492 5,555
Deferred taxation :
Charge for the year (Note 7) 24,589 -
33,081 5,555
4 Tangible fixed assets
Investment properties
£
Fair value
At 1 May 2023 1,073,880
Surplus on revaluation 98,356
At 30 April 2024 1,172,236
Depreciation
At 30 April 2024 -
Net book value
At 30 April 2024 1,172,236
At 30 April 2023 1,073,880
The basis of valuation is market value which is equivalent to fair value.
5 Debtors 2024 2023
£ £
Trade debtors 15,057 12,814
Amounts owed by group undertakings and undertakings in which the company has a participating interest 5,630 5,403
20,687 18,217
6 Creditors: amounts falling due within one year 2024 2023
£ £
Trade creditors 16,856 4,652
Taxation and social security costs 8,492 5,555
Other creditors 24,069 20,921
49,417 31,128
7 Provision for liabilities 2024 2023
Deferred taxation £ £
A 1 May 2023 118,583 118,583
Charge for the year to the profit and loss account 24,589 -
At 30 April 2024 143,172 118,583
The provision for deferred taxation represents the corporation tax which would be payable should the Company sell its freehold property for the value shown in these accounts. The rate of tax used when calculating the provision is 25%.
8 Controlling party
The company is a wholly owned subsidiary of Hunt Developments (Aust) Pty. Limited
The registered office is: 54 Hawthorne Street,Roma,Queensland 4455, Australia.
The ultimate controlling party is Mr Stuart Hunt and Mrs Danuta Hunt, resident in Australia.
9 Other information
Hunt Developments (SAH) Limited is a private company limited by shares and incorporated in England. Its registered office is:
19 Parkside Business Centre
Plumpton Road
Hoddesdon
EN11 0ES
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