Caseware UK (AP4) 2023.0.135 2023.0.135 2024-04-302024-04-300trueNo description of principal activity2023-05-01false0trueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.false 03693598 2023-05-01 2024-04-30 03693598 2022-05-01 2023-04-30 03693598 2024-04-30 03693598 2023-04-30 03693598 c:Director1 2023-05-01 2024-04-30 03693598 d:Buildings 2023-05-01 2024-04-30 03693598 d:Buildings 2024-04-30 03693598 d:Buildings 2023-04-30 03693598 d:Buildings d:OwnedOrFreeholdAssets 2023-05-01 2024-04-30 03693598 d:PlantMachinery 2023-05-01 2024-04-30 03693598 d:PlantMachinery 2024-04-30 03693598 d:PlantMachinery 2023-04-30 03693598 d:PlantMachinery d:OwnedOrFreeholdAssets 2023-05-01 2024-04-30 03693598 d:OfficeEquipment 2023-05-01 2024-04-30 03693598 d:OfficeEquipment 2024-04-30 03693598 d:OfficeEquipment 2023-04-30 03693598 d:OfficeEquipment d:OwnedOrFreeholdAssets 2023-05-01 2024-04-30 03693598 d:OwnedOrFreeholdAssets 2023-05-01 2024-04-30 03693598 d:FreeholdInvestmentProperty 2024-04-30 03693598 d:FreeholdInvestmentProperty 3 2023-05-01 2024-04-30 03693598 d:CurrentFinancialInstruments 2024-04-30 03693598 d:CurrentFinancialInstruments 2023-04-30 03693598 d:Non-currentFinancialInstruments 2024-04-30 03693598 d:Non-currentFinancialInstruments 2023-04-30 03693598 d:CurrentFinancialInstruments d:WithinOneYear 2024-04-30 03693598 d:CurrentFinancialInstruments d:WithinOneYear 2023-04-30 03693598 d:Non-currentFinancialInstruments d:AfterOneYear 2024-04-30 03693598 d:Non-currentFinancialInstruments d:AfterOneYear 2023-04-30 03693598 d:ShareCapital 2024-04-30 03693598 d:ShareCapital 2023-04-30 03693598 d:RetainedEarningsAccumulatedLosses 2024-04-30 03693598 d:RetainedEarningsAccumulatedLosses 2023-04-30 03693598 d:AcceleratedTaxDepreciationDeferredTax 2024-04-30 03693598 d:AcceleratedTaxDepreciationDeferredTax 2023-04-30 03693598 d:TaxLossesCarry-forwardsDeferredTax 2024-04-30 03693598 d:TaxLossesCarry-forwardsDeferredTax 2023-04-30 03693598 c:OrdinaryShareClass1 2023-05-01 2024-04-30 03693598 c:OrdinaryShareClass1 2024-04-30 03693598 c:OrdinaryShareClass1 2023-04-30 03693598 c:FRS102 2023-05-01 2024-04-30 03693598 c:AuditExemptWithAccountantsReport 2023-05-01 2024-04-30 03693598 c:FullAccounts 2023-05-01 2024-04-30 03693598 c:PrivateLimitedCompanyLtd 2023-05-01 2024-04-30 03693598 2 2023-05-01 2024-04-30 03693598 f:PoundSterling 2023-05-01 2024-04-30 iso4217:GBP xbrli:shares xbrli:pure

Registered number: 03693598










HUNTINGTON PROPERTIES LIMITED








UNAUDITED

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 APRIL 2024

 
HUNTINGTON PROPERTIES LIMITED
 
 
  
CHARTERED ACCOUNTANTS' REPORT TO THE BOARD OF DIRECTORS ON THE PREPARATION OF THE UNAUDITED STATUTORY FINANCIAL STATEMENTS OF HUNTINGTON PROPERTIES LIMITED
FOR THE YEAR ENDED 30 APRIL 2024

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Huntington Properties Limited for the year ended 30 April 2024 which comprise  the Balance Sheet and the related notes from the Company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW)we are subject to its ethical and other professional requirements which are detailed at https://www.icaew.com /regulation.

This report is made solely to the Board of Directors of Huntington Properties Limited, as a body, in accordance with the terms of our engagement letter dated 10 July 2019Our work has been undertaken solely to prepare for your approval the financial statements of Huntington Properties Limited and state those matters that we have agreed to state to the Board of Directors of Huntington Properties Limited, as a body, in this report in accordance with ICAEW Technical Release TECH07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Huntington Properties Limited and its Board of Directors, as a body, for our work or for this report. 

It is your duty to ensure that Huntington Properties Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and loss of Huntington Properties Limited. You consider that Huntington Properties Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or review of the financial statements of Huntington Properties Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.

  



WR Partners
Chartered Accountants
Belmont House
Shrewsbury Business Park
Shrewsbury
Shropshire
SY2 6LG
31 January 2025
Page 1

 
HUNTINGTON PROPERTIES LIMITED
REGISTERED NUMBER: 03693598

BALANCE SHEET
AS AT 30 APRIL 2024

2024
2023
Note
£
£

Fixed assets
  

Tangible assets
 4 
139
309,931

Investment property
  
543,798
-

  
543,937
309,931

Current assets
  

Debtors: amounts falling due within one year
 6 
1,024
173

Cash at bank and in hand
 7 
198,395
444,568

  
199,419
444,741

Creditors: amounts falling due within one year
 8 
(1,700)
(3,040)

Net current assets
  
 
 
197,719
 
 
441,701

Total assets less current liabilities
  
741,656
751,632

Creditors: amounts falling due after more than one year
 9 
(482,636)
(488,172)

Provisions for liabilities
  

Deferred tax
 10 
-
(12)

  
 
 
-
 
 
(12)

Net assets
  
259,020
263,448


Capital and reserves
  

Called up share capital 
 11 
100
100

Profit and loss account
  
258,920
263,348

  
259,020
263,448


Page 2

 
HUNTINGTON PROPERTIES LIMITED
REGISTERED NUMBER: 03693598
    
BALANCE SHEET (CONTINUED)
AS AT 30 APRIL 2024

The directors consider that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The Company's financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

The financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The Company has opted not to file the profit and loss account in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf by: 




................................................
Mrs L Griffiths
Director

Date: 31 January 2025

The notes on pages 4 to 10 form part of these financial statements.

Page 3

 
HUNTINGTON PROPERTIES LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2024

1.


General information

Huntington Properties Limited, (Company No. 03693598), is a private limited company limited by shares, incorporated in England and Wales, with its registered office and principal place of business at The Old Vicarage, Broughton, Nr Eccleshall, ST21 6NR. The comparatives relate to the year ended 30 April 2023.

2.Accounting policies

 
2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006.

The following principal accounting policies have been applied:

 
2.2

Revenue

Revenue is recognised to the extent that it is probable that the economic benefits will flow to the Company and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before revenue is recognised:

Rendering of services

Revenue from a contract to provide services is recognised in the period in which the services are provided in accordance with the stage of completion of the contract when all of the following conditions are satisfied:
the amount of revenue can be measured reliably;
it is probable that the Company will receive the consideration due under the contract;
the stage of completion of the contract at the end of the reporting period can be measured reliably; and
the costs incurred and the costs to complete the contract can be measured reliably.

 
2.3

Interest income

Interest income is recognised in profit or loss using the effective interest method.

Page 4

 
HUNTINGTON PROPERTIES LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2024

2.Accounting policies (continued)

 
2.4

Current and deferred taxation

The tax expense for the year comprises current and deferred tax. Tax is recognised in profit or loss except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the balance sheet date in the countries where the Company operates and generates income.

Deferred tax balances are recognised in respect of all timing differences that have originated but not reversed by the balance sheet date, except that:
The recognition of deferred tax assets is limited to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits; and
Any deferred tax balances are reversed if and when all conditions for retaining associated tax allowances have been met.

Deferred tax balances are not recognised in respect of permanent differences except in respect of business combinations, when deferred tax is recognised on the differences between the fair values of assets acquired and the future tax deductions available for them and the differences between the fair values of liabilities acquired and the amount that will be assessed for tax. Deferred tax is determined using tax rates and laws that have been enacted or substantively enacted by the balance sheet date.


 
2.5

Tangible fixed assets

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, on a reducing balance basis.

Depreciation is provided on the following basis:

Plant and machinery
-
25%
reducing balance
Office equipment
-
25%
reducing balance

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.

Page 5

 
HUNTINGTON PROPERTIES LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2024

2.Accounting policies (continued)

  
2.6

Stocks

Stocks are stated at the lower of cost and net realisable value, being the estimated selling price less costs to complete the sale. Cost is based on the cost of purchase plus all additional direct expenses incurred by the balance sheet date in readying the stock for resale.

 
2.7

Investment property

Investment property is included at cost, which is estimated to be in line with market value at the year end, to represent its current position, and this is determined annually by the Directors. No depreciation is provided for.

 
2.8

Debtors

Short-term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

 
2.9

Cash and cash equivalents

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.

 
2.10

Creditors

Short-term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

 
2.11

Provisions for liabilities

Provisions are recognised when an event has taken place that gives rise to a legal or constructive obligation, a transfer of economic benefits is probable and a reliable estimate can be made.
Provisions are measured as the best estimate of the amount required to settle the obligation, taking into account the related risks and uncertainties.
 
Increases in provisions are generally charged as an expense to profit or loss.

 
2.12

Dividends

Equity dividends are recognised when they become legally payable. Interim equity dividends are recognised when paid. Final equity dividends are recognised when approved by the shareholders at annual general meeting.


3.


Employees

The Company has no employees other than the directors, who did not receive any remuneration (2023 - £NIL.

Page 6

 
HUNTINGTON PROPERTIES LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2024

4.


Tangible fixed assets





Freehold property
Plant and machinery
Office equipment
Total

£
£
£
£



Cost or valuation


At 1 May 2023
309,746
9,413
100
319,259


Transfers between classes
(309,746)
-
-
(309,746)



At 30 April 2024

-
9,413
100
9,513



Depreciation


At 1 May 2023
-
9,232
96
9,328


Charge for the year on owned assets
-
45
1
46



At 30 April 2024

-
9,277
97
9,374



Net book value



At 30 April 2024
-
136
3
139



At 30 April 2023
309,746
181
4
309,931


Page 7

 
HUNTINGTON PROPERTIES LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2024

5.


Investment property


Freehold investment property

£



Valuation


Transfers between classes
543,798



At 30 April 2024
543,798






If the Investment properties had been accounted for under the historic cost accounting rules, the properties would have been measured as follows:

2024
2023
£
£


Historic cost
543,798
-

543,798
-


6.


Debtors

2024
2023
£
£


Prepayments and accrued income
-
173

Deferred taxation
1,024
-

1,024
173



7.


Cash and cash equivalents

2024
2023
£
£

Cash at bank and in hand
198,395
444,568

198,395
444,568


Page 8

 
HUNTINGTON PROPERTIES LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2024

8.


Creditors: Amounts falling due within one year

2024
2023
£
£

Corporation tax
-
1,002

Accruals and deferred income
1,700
2,038

1,700
3,040



9.


Creditors: Amounts falling due after more than one year

2024
2023
£
£

Other creditors
482,636
488,172

482,636
488,172



10.


Deferred taxation




2024


£






At beginning of year
(12)


Charged to profit or loss
1,036



At end of year
1,024

The deferred taxation balance is made up as follows:

2024
2023
£
£


Accelerated capital allowances
(26)
(12)

Tax losses carried forward
1,050
-

1,024
(12)

Page 9

 
HUNTINGTON PROPERTIES LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2024

11.


Share capital

2024
2023
£
£
Allotted, called up and fully paid



100 (2023 - 100) Ordinary shares of £1.00 each
100
100



12.


Contingent liabilities

During 2009 re-roofing work was completed on the Glendale property which has been deemed to be substandard by the fire inspector and surveyor. A case against the building contractors who did the work has been settled through the courts and it is estimated that the cost of reinstating the roof will be between £15,000 and £18,000. The reinstatement had not yet commenced at 30 April 2024.

 
Page 10