Registered number
00729788
A.Hicks Limited
Unaudited Filleted Accounts
30 September 2024
A.Hicks Limited
Registered number: 00729788
Balance Sheet
as at 30 September 2024
Notes 2024 2023
£ £
Fixed assets
Tangible assets 3 121,911 131,642
Investment property 4 1,870,000 1,970,000
1,991,911 2,101,642
Current assets
Debtors 5 432 408
Cash at bank and in hand 244,696 201,272
245,128 201,680
Creditors: amounts falling due within one year 6 (21,173) (16,647)
Net current assets 223,955 185,033
Total assets less current liabilities 2,215,866 2,286,675
Creditors: amounts falling due after more than one year 7 (33,901) (33,901)
Provisions for liabilities (87,970) (108,134)
Net assets 2,093,995 2,144,640
Capital and reserves
Called up share capital 134,580 134,580
Capital redemption reserve 19,860 19,860
Profit and loss account 1,939,555 1,990,200
Shareholders' funds 2,093,995 2,144,640
The director is satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The director acknowledges his 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.
K A Barnett
Director
Approved by the board on 10 April 2025
A.Hicks Limited
Notes to the Accounts
for the year ended 30 September 2024
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention 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
Revenue comprises rental income net of value added tax. 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. Rental income is recognised on an accruals basis in the period in which it is earned, in accordance with the terms of the lease.
Tangible fixed assets
Tangible fixed assets, other than investment properties, are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Land and buildings 2% per annum
Plant and machinery 33% per annum
Investment property
Investment property is carried at fair value. The valuation as at 30 September 2024 is based on the prospective sales value of the property when marketed in the year. Changes in fair value are recognised in the profit and loss account.
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
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.
Pensions
Contributions to defined contribution plans are expensed in the period to which they relate.
2 Employees 2024 2023
Number Number
Average number of persons employed by the company 1 1
3 Tangible fixed assets
Land and buildings Plant and machinery etc Total
£ £ £
Cost
At 1 October 2023 180,000 32,852 212,852
Disposals - (1,000) (1,000)
At 30 September 2024 180,000 31,852 211,852
Depreciation
At 1 October 2023 60,620 20,590 81,210
Charge for the year 3,600 6,131 9,731
On disposals - (1,000) (1,000)
At 30 September 2024 64,220 25,721 89,941
Net book value
At 30 September 2024 115,780 6,131 121,911
At 30 September 2023 119,380 12,262 131,642
4 Investment property 2024
£
At 1 October 2023 1,970,000
Revaluation (100,000)
At 30 September 2024 1,870,000
5 Debtors 2024 2023
£ £
Trade debtors 432 408
6 Creditors: amounts falling due within one year 2024 2023
£ £
Trade creditors 772 308
Taxation and social security costs 12,181 7,796
Other creditors 8,220 8,543
21,173 16,647
7 Creditors: amounts falling due after one year 2024 2023
£ £
Other creditors 33,901 33,901
8 Other information
A.Hicks Limited is a private company limited by shares and incorporated in England. Its registered office is:
36 Dedmere Road
Marlow
Buckinghamshire
SL7 1PG
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