Registered number
03513312
Hunt Developments (NAH) Limited
Unaudited Filleted Accounts
30 April 2024
Hunt Developments (NAH) Limited
Registered number: 03513312
Balance Sheet
as at 30 April 2024
Notes 2024 2023
£ £
Fixed assets
Investment properties 4 1,191,197 1,093,188
Current assets
Debtors 5 216,065 347,596
Cash at bank and in hand 256,896 56,049
472,961 403,645
Creditors: amounts falling due within one year 6 (43,554) (36,462)
Net current assets 429,407 367,183
Total assets less current liabilities 1,620,604 1,460,371
Provisions for liabilities - deferred tax (129,288) (104,786)
Net assets 1,491,316 1,355,585
Capital and reserves
Called up share capital 3 3
Profit and loss account 1,491,313 1,355,582
Shareholder's funds 1,491,316 1,355,585
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 (NAH) 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 represents rents, management charges and recharged property costs receivable.
Tangible fixed assets
Investment property is included at 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 2 2
3 Taxation 2024 2023
£ £
Current corporation tax on the profit for the year 19,884 13,825
Deferred taxation :
Charge for the year (Note 7) 24,502
44,386 13,825
4 Investment properties
Land and buildings
£
Fair value
At 1 May 2023 1,093,188
Surplus on revaluation 98,009
At 30 April 2024 1,191,197
Depreciation
At 30 April 2024 -
Net book value
At 30 April 2024 1,191,197
At 30 April 2023 1,093,188
The basis of valuation is market value which is equivalent to fair value.
5 Debtors 2024 2023
£ £
Trade debtors 19,293 10,237
Amounts owed by group undertakings and undertakings in which the company has a participating interest 179,937 324,259
Other debtors 16,835 13,100
216,065 347,596
6 Creditors: amounts falling due within one year 2024 2023
£ £
Trade creditors 889 648
Amounts owed to group undertakings and undertakings in which the company has a participating interest 5,630 5,403
Taxation and social security costs 19,884 13,825
Other creditors 17,151 16,586
43,554 36,462
7 Provision for liabilities 2024 2023
Deferred taxation £ £
At 1 May 2023 104,786 104,786
Charge for the year to the profit and loss account 24,502 -
At 30 April 2024 129,288 104,786
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 NAH Limited.
The registered address and place of business is:
17 Parkside Business Centre
Plumpton Road
Hoddesdon
Hertfordshire
EN11 0ES
The registered address and place of business of the parent company is the same as the company (Note 9).
The ultimate holding company is Hunt Developments Holdings Limited
9 Other information
Hunt Developments (NAH) 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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