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REGISTERED NUMBER: 04450215 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MAY 2024

FOR

D & M HICKLING PROPERTIES LTD

D & M HICKLING PROPERTIES LTD (REGISTERED NUMBER: 04450215)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MAY 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


D & M HICKLING PROPERTIES LTD

COMPANY INFORMATION
FOR THE YEAR ENDED 31 MAY 2024







DIRECTORS: Mrs M S Hickling
Mr D P Hickling





SECRETARY: Mr D P Hickling





REGISTERED OFFICE: Sky House
Norwich Road
Roughton
Norwich
NR11 8ND





REGISTERED NUMBER: 04450215 (England and Wales)





ACCOUNTANTS: LEES
Chartered Certified Accountants
Ingram House
Meridian Way
Norwich
Norfolk
NR7 0TA

D & M HICKLING PROPERTIES LTD (REGISTERED NUMBER: 04450215)

BALANCE SHEET
31 MAY 2024

2024 2023
as restated
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 86,829 122,414
Investment property 5 1,645,363 1,558,357
1,732,192 1,680,771

CURRENT ASSETS
Stocks 2,315,907 1,400,487
Debtors 6 967,609 1,096,232
Cash at bank 816,672 1,618,635
4,100,188 4,115,354
CREDITORS
Amounts falling due within one year 7 547,171 775,438
NET CURRENT ASSETS 3,553,017 3,339,916
TOTAL ASSETS LESS CURRENT
LIABILITIES

5,285,209

5,020,687

PROVISIONS FOR LIABILITIES 10,119 17,532
NET ASSETS 5,275,090 5,003,155

CAPITAL AND RESERVES
Called up share capital 8 100 100
Retained earnings 5,274,990 5,003,055
SHAREHOLDERS' FUNDS 5,275,090 5,003,155

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 May 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 May 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.

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

In accordance with Section 444 of the Companies Act 2006, the Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 24 February 2025 and were signed on its behalf by:





Mrs M S Hickling - Director


D & M HICKLING PROPERTIES LTD (REGISTERED NUMBER: 04450215)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MAY 2024

1. STATUTORY INFORMATION

D & M Hickling Properties Ltd 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.

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.

Turnover
Turnover represents net invoiced sales of goods, excluding value added tax. Sales are recognised on exchange of legally binding contracts provided that, if the exchange is conditional, all material conditions of the contractual obligations of the contract with the purchaser have been satisfied shortly thereafter.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery etc - 33% on cost, 25% on cost and 20% 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.

Stocks and work in progress
Work in progress is valued at the lower of cost and net realisable value. Cost includes all direct expenditure and a proportion of fixed and variable overheads.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

Remedial works provisions
A provision for remedial works is made at the balance sheet date where in order to fulfil a contract, the company is likely to be required to carry out corrective works to meet the obligations of the contract. When recognising and measuring a provision, the company evaluates it's own historical data both before and after the balance sheet date to determine whether an obligation existed at the balance sheet date.

D & M HICKLING PROPERTIES LTD (REGISTERED NUMBER: 04450215)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MAY 2024

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 6 (2023 - 6 ) .

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 June 2023
and 31 May 2024 178,930
DEPRECIATION
At 1 June 2023 56,516
Charge for year 35,585
At 31 May 2024 92,101
NET BOOK VALUE
At 31 May 2024 86,829
At 31 May 2023 122,414

5. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 June 2023 1,558,357
Additions 87,006
At 31 May 2024 1,645,363
NET BOOK VALUE
At 31 May 2024 1,645,363
At 31 May 2023 1,558,357

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
as restated
£    £   
Other debtors 967,609 1,096,232

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
as restated
£    £   
Taxation and social security 178,537 224,683
Other creditors 368,634 550,755
547,171 775,438

D & M HICKLING PROPERTIES LTD (REGISTERED NUMBER: 04450215)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MAY 2024

8. CALLED UP SHARE CAPITAL

Allotted issued and fully paid:
Number: Class: Nominal value: 2024 2023
£ £
75 Ordinary A £1 75 75
25 Ordinary B £1 25 25

100 100


9. ULTIMATE CONTROLLING PARTY

The company is controlled by Mrs M S Hickling who owns 75% of the issued share capital.