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REGISTERED NUMBER: 03953726 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2024

FOR

HURSTHOLT LTD

HURSTHOLT LTD (REGISTERED NUMBER: 03953726)






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




Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 4


HURSTHOLT LTD

COMPANY INFORMATION
FOR THE YEAR ENDED 31 MARCH 2024







DIRECTOR: Ms V Drought





REGISTERED OFFICE: 218 Downs Barn Boulevard
Downs Barn
Milton Keynes
Buckinghamshire
MK14 7QH





REGISTERED NUMBER: 03953726 (England and Wales)






HURSTHOLT LTD (REGISTERED NUMBER: 03953726)

STATEMENT OF FINANCIAL POSITION
31 MARCH 2024

31.3.24 31.3.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 2,036,363 2,019,708
Investments 5 28,735 28,735
2,065,098 2,048,443

CURRENT ASSETS
Debtors 6 20,726 22,726
Cash at bank 66,671 134,665
87,397 157,391
CREDITORS
Amounts falling due within one year 7 13,073 21,504
NET CURRENT ASSETS 74,324 135,887
TOTAL ASSETS LESS CURRENT
LIABILITIES

2,139,422

2,184,330

CREDITORS
Amounts falling due after more than one
year

8

909,021

908,296
NET ASSETS 1,230,401 1,276,034

CAPITAL AND RESERVES
Called up share capital 100 100
Revaluation reserve 10 1,322,940 1,322,940
Retained earnings (92,639 ) (47,006 )
SHAREHOLDERS' FUNDS 1,230,401 1,276,034

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges her 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.

HURSTHOLT LTD (REGISTERED NUMBER: 03953726)

STATEMENT OF FINANCIAL POSITION - continued
31 MARCH 2024


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 Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 15 April 2025 and were signed by:





Ms V Drought - Director


HURSTHOLT LTD (REGISTERED NUMBER: 03953726)

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

1. STATUTORY INFORMATION

Hurstholt 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 as modified by the revaluation of certain assets.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

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 - 20% on reducing balance

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, 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 statement of financial position date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2023 - 2 ) .

HURSTHOLT LTD (REGISTERED NUMBER: 03953726)

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

4. TANGIBLE FIXED ASSETS
Plant and
Land and machinery
buildings etc Totals
£    £    £   
COST OR VALUATION
At 1 April 2023 2,005,459 32,453 2,037,912
Additions 12,191 9,142 21,333
At 31 March 2024 2,017,650 41,595 2,059,245
DEPRECIATION
At 1 April 2023 - 18,204 18,204
Charge for year - 4,678 4,678
At 31 March 2024 - 22,882 22,882
NET BOOK VALUE
At 31 March 2024 2,017,650 18,713 2,036,363
At 31 March 2023 2,005,459 14,249 2,019,708

The land and buildings were valued by the directors in March 2024 based on the information obtained from various property valuation sites and Land Registry transactions in and around the postcode area. The cost included in the brought forward figure of is £ 667,144, the balance being the revaluation. The director thinks this is a reasonable valuation as at 31st March 2024.

Cost or valuation at 31 March 2024 is represented by:

Plant and
Land and machinery
buildings etc Totals
£    £    £   
Valuation in 2009 270,080 - 270,080
Valuation in 2020 566,052 - 566,052
Valuation in 2023 486,808 - 486,808
Cost 694,710 41,595 736,305
2,017,650 41,595 2,059,245

If freehold land and buildings had not been revalued they would have been included at the following historical cost:

31.3.24 31.3.23
£    £   
Cost 694,710 682,519

Value of land in freehold land and buildings 450,000 450,000

Freehold land and buildings were valued on an open market basis on 31 March 2023 by the directors .



HURSTHOLT LTD (REGISTERED NUMBER: 03953726)

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

5. FIXED ASSET INVESTMENTS
Other
investments
£   
COST
At 1 April 2023
and 31 March 2024 28,735
NET BOOK VALUE
At 31 March 2024 28,735
At 31 March 2023 28,735

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Trade debtors 20,726 22,726

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Trade creditors 7,010 16,330
Taxation and social security 193 193
Other creditors 5,870 4,981
13,073 21,504

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.3.24 31.3.23
£    £   
Bank loans 690,600 690,600
Other creditors 218,421 217,696
909,021 908,296

Amounts falling due in more than five years:

Repayable otherwise than by instalments
Bank loans more 5 yrs non-inst 690,600 690,600

HURSTHOLT LTD (REGISTERED NUMBER: 03953726)

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

9. SECURED DEBTS

The following secured debts are included within creditors:

31.3.24 31.3.23
£    £   
Bank loans 690,600 690,600
Other loans 218,421 217,696
909,021 908,296

The bank loans are interest only and secured by a mortgage over the company's properties.

Other loans includes a loan from the director and is secured by a second charge on the company's properties.

10. RESERVES
Revaluation
reserve
£   
At 1 April 2023
and 31 March 2024 1,322,940