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Company Registration No. 12642814 (England and Wales)
Hupton & Willcock Limited Unaudited accounts for the year ended 30 June 2024
Hupton & Willcock Limited Unaudited accounts Contents
Page
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Hupton & Willcock Limited Company Information for the year ended 30 June 2024
Directors
James Hupton Matthew Willcock
Company Number
12642814 (England and Wales)
Registered Office
Willow Barn Arminghall Lane Arminghall NR14 8SD
Accountants
Sarah Goddard Limited Cristal Business Centre 47 Knightsdale Road Ipswich Suffolk IP1 4JJ
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Hupton & Willcock Limited Statement of financial position as at 30 June 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Tangible assets
3,160 
4,213 
Investment property
845,000 
758,800 
848,160 
763,013 
Current assets
Debtors
8,548 
4,548 
Cash at bank and in hand
4,999 
6,804 
13,547 
11,352 
Creditors: amounts falling due within one year
(21,568)
(17,678)
Net current liabilities
(8,021)
(6,326)
Total assets less current liabilities
840,139 
756,687 
Creditors: amounts falling due after more than one year
(578,550)
(578,550)
Provisions for liabilities
Deferred tax
(54,822)
(38,444)
Net assets
206,767 
139,693 
Capital and reserves
Called up share capital
100 
100 
Fair value reserve
218,358 
153,932 
Profit and loss account
(11,691)
(14,339)
Shareholders' funds
206,767 
139,693 
For the year ending 30 June 2024 the company was entitled to exemption from audit 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 and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 21 March 2025 and were signed on its behalf by
James Hupton Director Company Registration No. 12642814
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Hupton & Willcock Limited Notes to the Accounts for the year ended 30 June 2024
1
Statutory information
Hupton & Willcock Limited is a private company, limited by shares, registered in England and Wales, registration number 12642814. The registered office is Willow Barn, Arminghall Lane, Arminghall, NR14 8SD.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Fixtures & fittings
25% reducing balance
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Hupton & Willcock Limited Notes to the Accounts for the year ended 30 June 2024
4
Tangible fixed assets
Fixtures & fittings 
£ 
Cost or valuation
At cost 
At 1 July 2023
9,988 
At 30 June 2024
9,988 
Depreciation
At 1 July 2023
5,775 
Charge for the year
1,053 
At 30 June 2024
6,828 
Net book value
At 30 June 2024
3,160 
At 30 June 2023
4,213 
5
Investment property
2024 
£ 
Fair value at 1 July 2023
758,800 
Net gain from fair value adjustments
86,200 
At 30 June 2024
845,000 
The investment properties were valued at 30 June 2024 by the directors, Mr J Hupton and Mr M WIllcock by reviewing the prices of similar properties in the area. The historical cost of the investment properties was £571,820 (2023: £571,820).
6
Debtors
2024 
2023 
£ 
£ 
Amounts falling due after more than one year
Other debtors
8,548 
4,548 
7
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
Taxes and social security
- 
418 
Other creditors
3,096 
3,096 
Loans from directors
17,642 
13,384 
Accruals
830 
780 
21,568 
17,678 
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Hupton & Willcock Limited Notes to the Accounts for the year ended 30 June 2024
8
Creditors: amounts falling due after more than one year
2024 
2023 
£ 
£ 
Bank loans
578,550 
578,550 
Lendinvest Security Trustees Limited holds the following charges over the company's assets: A fixed charge and negative pledge, dated 18 September 2020; A fixed and floating charge, dated 18 September 2020; and A fixed charge and negative pledge, dated 4 November 2020. Lendinvest BTL Limited holds the following charges over the company's assets: A fixed charge and negative pledge, dated 1 February 2021; and A fixed charge and negative pledge, dated 12 March 2021, over the company's assets.
9
Share capital
2024 
2023 
£ 
£ 
Allotted, called up and fully paid:
100 Ordinary shares of £1 each
100 
100 
10
Transactions with related parties
At the year-end, £3,096 (2023: £3,096) was owed by the company to Ashley Marchant Estates Limited, a company owned by the director, Mr M Willcock. At the year-end £2,548 (2023: (£2,548) was owed to the company by Hupville Homes Limited, a company owned by the director, Mr J Hupton. At the year-end, £6,000 (2023: £2,000) was owed to the company by ZHW Ltd, a company which is controlled by the directors, Mr J Hupton and Mr M Willcock.
11
Average number of employees
During the year the average number of employees was 2 (2023: 2).
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