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Registration number: 01278671

Prepared for the registrar

Hinton Capital Investments Limited

Annual Report and Unaudited Financial Statements

for the Year Ended 30 September 2024

 

Hinton Capital Investments Limited

Contents

Company Information

1

Balance Sheet

2

Notes to the Unaudited Financial Statements

3 to 11

 

Hinton Capital Investments Limited

Company Information

Directors

V A Badawi

W J Hinton

M J Hinton

J A Hinton

Company secretary

V A Badawi

Registered office

Stanway House
Evesham Road
Stow-on- the-Wold
Cheltenham
Gloucestershire
GL54 1EJ

Accountants

Hazlewoods LLP
Staverton Court
Staverton
Cheltenham
Gloucestershire
GL51 0UX

 

Hinton Capital Investments Limited

(Registration number: 01278671)
Balance Sheet as at 30 September 2024

Note

2024
£

2023
£

Fixed assets

 

Tangible assets

4

404

503

Investment property

5

15,326,506

15,056,506

Other financial assets

7

1,704,879

1,622,655

 

17,031,789

16,679,664

Current assets

 

Debtors

8

18,472

16,468

Cash at bank and in hand

 

1,038,827

1,068,580

 

1,057,299

1,085,048

Creditors: Amounts falling due within one year

9

(461,976)

(516,178)

Net current assets

 

595,323

568,870

Total assets less current liabilities

 

17,627,112

17,248,534

Creditors: Amounts falling due after more than one year

9

(1,265,352)

(1,348,087)

Deferred tax liabilities

11

(1,480,926)

(1,378,641)

Net assets

 

14,880,834

14,521,806

Capital and reserves

 

Called up share capital

12

18,750

18,750

Capital redemption reserve

1,875

1,875

Revaluation reserve

6,860,220

6,748,683

Other reserves

93,750

93,750

Retained earnings

7,906,239

7,658,748

Shareholders' funds

 

14,880,834

14,521,806

For the financial year ending 30 September 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the directors have not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the Board on 24 April 2025 and signed on its behalf by:
 


W J Hinton
Director

 

Hinton Capital Investments Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 September 2024

 

1

General information

The company is a private company limited by share capital, incorporated in England and Wales.

The address of its registered office and principal place of business is:
Stanway House
Evesham Road
Stow-on- the-Wold
Cheltenham
Gloucestershire
GL54 1EJ

 

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except for, where disclosed in these accounting policies, certain items that are shown at fair value.

The presentational currency of the financial statements is Pounds Sterling, being the functional currency of the primary economic environment in which the company operates. Monetary amounts in these financial statements are rounded to the nearest Pound.

Going concern

After reviewing the company's forecasts and projections, the directors have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. The company therefore continues to adopt the going concern basis in preparing its financial statements.

Critical accounting judgements and key sources of estimation uncertainty
In the application of the company’s accounting policies, the directors are required to make judgements, estimates and assumptions about the carrying amounts of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates.

The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised if the revision affects only that period, or in the period of the revision and future periods if the revision affects both current and future periods.
 

Judgements

No significant judgements have been made by management in preparing these financial statements.

Key sources of estimation uncertainty

No key sources of estimation uncertainty have been identified by management in preparing these financial statements other than those detailed in these accounting policies.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

The company recognises revenue when the amount of revenue can be reliably measured, it is probable that future economic benefits will flow to the entity and specific criteria have been met for each of the company's activities.

 

Hinton Capital Investments Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 September 2024

Government grants

Government grants are recognised based on the accrual model and are measured at the fair value of the asset received or receivable. Grants are classified as relating either to revenue or to assets. Grants relating to revenue are recognised in income over the period in which the related costs are recognised. Grants relating to assets are recognised over the expected useful life of the asset. Where part of a grant relating to an asset is deferred, it is recognised as deferred income.

Tax

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

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

Deferred income tax is recognised on temporary differences arising between the tax bases of assets and liabilities and their carrying amounts in the financial statements and on unused tax losses or tax credits in the company. Deferred income tax is determined using tax rates and laws that have been enacted or substantively enacted by the reporting date.

The carrying amount of deferred tax assets are reviewed at each reporting date and a valuation allowance is set up against deferred tax assets so that the net carrying amount equals the highest amount that is more likely than not to be recovered based on current or future taxable profit.

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets over their estimated useful lives, as follows:

Asset class

Depreciation method and rate

Fixtures and fittings

10% of cost per annum

Investment property

Investment property is carried at fair value, derived from the current market prices for comparable real estate determined annually by the directors and external valuers. The valuers use observable market prices, adjusted if necessary for any difference in the nature, location or condition of the specific asset. Changes in fair value are recognised in profit or loss.

Business combinations

Business combinations are accounted for using the purchase method. The consideration for each acquisition is measured at the aggregate of the fair values at acquisition date of assets given, liabilities incurred or assumed, and equity instruments issued by the group in exchange for control of the acquired, plus any costs directly attributable to the business combination. When a business combination agreement provides for an adjustment to the cost of the combination contingent on future events, the group includes the estimated amount of that adjustment in the cost of the combination at the acquisition date if the adjustment is probable and can be measured reliably.

Investments

Investments in equity shares which are publicly traded or where the fair value can be measured reliably are initially measured at fair value, with changes in fair value recognised in profit or loss. Investments in equity shares which are not publicly traded and where fair value cannot be measured reliably are measured at cost less impairment.

Interest income on debt securities, where applicable, is recognised in income using the effective interest method. Dividends on equity securities are recognised in income when receivable.

 

Hinton Capital Investments Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 September 2024

Trade debtors

Trade debtors are amounts due from customers for goods sold or services performed in the ordinary course of business.

Trade debtors are recognised initially at the transaction price. All trade debtors are repayable within one year and hence are included at the undiscounted cost of cash expected to be received. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the debtors.

Financial instruments


Classification
Financial instruments are classified and accounted for according to the substance of the contractual arrangement, as financial assets, financial liabilities or equity instruments. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities. Where shares are issued, any component that creates a financial liability of the company is presented as a liability on the balance sheet. The corresponding dividends relating to the liability component are charged as interest expenses in the profit and loss account.

 Recognition and measurement
All financial assets and liabilities are initially measured at transaction price (including transaction costs), except for those financial assets classified as at fair value through profit or loss, which are initially measured at fair value (which is normally the transaction price excluding transaction costs), unless the arrangement constitutes a financing transaction. If an arrangement constitutes a financing transaction, the financial asset or financial liability is measured at the present value of the future payments discounted at a market rate of interest for a similar debt instrument.

 Impairment
Assets, other than those measured at fair value, are assessed for indicators of impairment at each balance sheet date. If there is objective evidence of impairment, an impairment loss is recognised in profit or loss as described below.

A non financial asset is impaired where there is objective evidence that, as a result of one or more events that occurred after initial recognition, the estimated recoverable value of the asset has been reduced. The recoverable amount of an asset is the higher of its fair value less costs to sell and its value in use.

The recoverable amount of goodwill is derived from measurement of the present value of the future cash flows of the cash-generating units ('CGUs') of which the goodwill is a part. Any impairment loss in respect of a CGU is allocated first to the goodwill attached to that CGU, and then to other assets within that CGU on a pro-rata basis.

Where indicators exist for a decrease in impairment loss, the prior impairment loss is tested to determine reversal. An impairment loss is reversed on an individual impaired asset to the extent that the revised recoverable value does not lead to a revised carrying amount higher than the carrying value had no impairment been recognised. Where a reversal of impairment occurs in respect of a CGU, the reversal is applied first to the assets (other than goodwill) of the CGU on a pro-rata basis and then to any goodwill allocated to that CGU.

For financial assets carried at amortised cost, the amount of an impairment is the difference between the asset’s carrying amount and the present value of estimated future cash flows, discounted at the financial asset’s original effective interest rate.

For financial assets carried at cost less impairment, the impairment loss is the difference between the asset’s carrying amount and the best estimate of the amount that would be received for the asset if it were to be sold at the reporting date.

Where indicators exist for a decrease in impairment loss, and the decrease can be related objectively to an event occurring after the impairment was recognised, the prior impairment loss is tested to determine reversal. An impairment loss is reversed on an individual impaired financial asset to the extent that the revised recoverable value does not lead to a revised carrying amount higher than the carrying value had no impairment been recognised.

 

Hinton Capital Investments Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 September 2024

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Trade creditors are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Trade creditors are recognised initially at the transaction price and all are repayable within one year and hence are included at the undiscounted amount of cash expected to be paid.

Borrowings

Interest-bearing borrowings are initially recorded at fair value, net of transaction costs. Interest-bearing borrowings are subsequently carried at amortised cost, with the difference between the proceeds, net of transaction costs, and the amount due on redemption being recognised as a charge to the profit and loss account over the period of the relevant borrowing.

Interest expense is recognised on the basis of the effective interest method and is included in interest payable and similar charges.

Borrowings are classified as current liabilities unless the company has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date.

Leases

Leases in which substantially all the risks and rewards of ownership are retained by the lessor are classified as operating leases. Payments made under operating leases are charged to profit or loss on a straight-line basis over the period of the lease.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

Dividends

Dividend distribution to the company’s shareholders is recognised as a liability in the financial statements in the reporting period in which the dividends are declared.

Defined contribution pension obligation

A defined contribution plan is a pension plan under which fixed contributions are paid into a pension fund and the company has no legal or constructive obligation to pay further contributions even if the fund does not hold sufficient assets to pay all employees the benefits relating to employee service in the current and prior periods.

Contributions to defined contribution plans are recognised as employee benefit expense when they are due. If contribution payments exceed the contribution due for service, the excess is recognised as a prepayment.

 

3

Staff numbers

The average number of persons employed by the company (including directors) during the year, was 2 (2023 - 2).

 

Hinton Capital Investments Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 September 2024

 

4

Tangible assets

Fixtures and fittings
 £

Cost or valuation

At 1 October 2023

43,440

At 30 September 2024

43,440

Depreciation

At 1 October 2023

42,937

Charge for the year

99

At 30 September 2024

43,036

Carrying amount

At 30 September 2024

404

At 30 September 2023

503

 

5

Investment properties

£

At 1 October 2023

15,056,506

Fair value adjustments

270,000

At 30 September 2024

15,326,506

The investment properties were valued at £15,326,506 by the directors, who consider that this is a fair reflection of open market value at 30 September 2024. The directors are highly experienced in the property industry and consider that they have the experience to provide such a valuation.

At the balance sheet date, the historical cost of the investment properties was £7,346,707 (2023 - £7,346,707). There were no additions or disposals during the year.

 

Hinton Capital Investments Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 September 2024

 

6

Investments

Subsidiaries

£

Cost

At 1 October 2023

104

At 30 September 2024

104

Provision

At 1 October 2023

104

At 30 September 2024

104

Carrying amount

At 30 September 2024

-

At 30 September 2023

-

Details of undertakings

Details of the investments (including principal place of business of unincorporated entities) in which the company holds 20% or more of the nominal value of any class of share capital are as follows:

Undertaking

Country of incorporation

Holding

Proportion of voting rights and shares held

     

2024

2023

Subsidiary undertakings

Robert Hinton Limited

England & Wales

Ordinary

100%

100%

Centrum Square Carterton Management Limited

England & Wales

Ordinary

100%

100%

Robert Hinton Limited and Centrum Square Carterton Management Limited are dormant. The registered office of Robert Hinton Limited is:

Staverton Court
Staverton
Cheltenham
Gloucestershire
GL51 0UX

The registered office of Centrum Square Carterton Management Limited is:

Stanway House
Evesham Road
Stow-on-the-Wold
Gloucestershire
GL54 1EJ

 

Hinton Capital Investments Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 September 2024

 

7

Other financial assets

Financial assets
£

Financial assets

Cost or valuation

At 1 October 2023

1,622,655

Fair value adjustments

152,902

Additions

34,520

Disposals

(105,198)

At 30 September 2024

1,704,879

Carrying amount

At 30 September 2024

1,704,879

At 30 September 2023

1,622,655

The fair value of financial assets has been determined on the basis of the market price in an active market.

 

8

Debtors

2024
£

2023
£

Prepayments

17,238

15,117

Other debtors

1,234

1,351

18,472

16,468

 

9

Creditors

Note

2024
£

2023
£

Due within one year

 

Loans and borrowings

10

169,097

157,898

Taxation and social security

 

105,757

141,133

Accruals and deferred income

 

135,120

146,775

Other creditors

 

52,002

70,372

 

461,976

516,178

Note

2024
£

2023
£

Due after one year

 

Loans and borrowings

10

1,265,352

1,348,087

 

Hinton Capital Investments Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 September 2024

 

10

Loans and borrowings

Current loans and borrowings

Note

2024
£

2023
£

Bank borrowings

 

81,579

86,594

Other borrowings

13

87,518

71,304

 

169,097

157,898

Non-current loans and borrowings

2024
£

2023
£

Bank borrowings

1,265,352

1,348,087

Included in the loans and borrowings are the following amounts due after more than five years:
 

2024
£

2023
£

After more than five years by instalments

280,623

321,372

Bank borrowings are secured by a charge over the company's freehold investment properties.
 

 

11

Deferred tax

Deferred tax assets and liabilities

2024

Liability
£

Difference between accumulated depreciation and amortisation of capital allowances

12,252

Revaluation of freehold investment property

1,334,158

Revaluation of listed investments held as fixed assets

135,016

Short term timing differences

(500)

1,480,926

2023

Liability
£

Difference between accumulated depreciation and amortisation of capital allowances

12,277

Revaluation of freehold investment property

1,266,658

Revaluation of listed investments held as fixed assets

100,206

Short term timing differences

(500)

1,378,641

 

Hinton Capital Investments Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 September 2024

 

12

Share capital

Allotted, called up and fully paid shares

 

2024

2023

 

No.

£

No.

£

'A' Ordinary shares of £1 each

900

900

900

900

'C' Ordinary shares of £0.25 each

8,419

2,105

8,419

2,105

'D' Ordinary shares of £0.25 each

8,417

2,104

8,417

2,104

'E' Ordinary shares of £1 each

937

937

937

937

'F' Ordinary shares of £1 each

37

37

37

37

'G' Ordinary shares of £1 each

20

20

20

20

'H' Ordinary shares of £1 each

20

20

20

20

'J' Ordinary shares of £0.25 each

25,257

6,314

25,257

6,314

'K' Ordinary shares of £0.25 each

25,251

6,313

25,251

6,313

 

69,258

18,750

69,258

18,750

The different classes of shares referred to above carry separate rights to dividends. The various classes of shares also have different rights on winding up and the 'J' and 'K' shares have reduced voting rights.

 

13

Related party transactions

At the balance sheet date, the company owed £87,518 to the directors of the company (2023 - £71,304). There are no fixed repayment terms and no interest is charged on the outstanding balance.