Caseware UK (AP4) 2024.0.164 2024.0.164 2024-09-302024-09-30false2023-10-01falseNo description of principal activity44truetrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. 01364406 2023-10-01 2024-09-30 01364406 2022-10-01 2023-09-30 01364406 2024-09-30 01364406 2023-09-30 01364406 c:Director1 2023-10-01 2024-09-30 01364406 d:PlantMachinery 2023-10-01 2024-09-30 01364406 d:PlantMachinery 2024-09-30 01364406 d:PlantMachinery 2023-09-30 01364406 d:PlantMachinery d:OwnedOrFreeholdAssets 2023-10-01 2024-09-30 01364406 d:PlantMachinery d:LeasedAssetsHeldAsLessee 2023-10-01 2024-09-30 01364406 d:MotorVehicles 2023-10-01 2024-09-30 01364406 d:MotorVehicles 2024-09-30 01364406 d:MotorVehicles 2023-09-30 01364406 d:MotorVehicles d:OwnedOrFreeholdAssets 2023-10-01 2024-09-30 01364406 d:MotorVehicles d:LeasedAssetsHeldAsLessee 2023-10-01 2024-09-30 01364406 d:FurnitureFittings 2023-10-01 2024-09-30 01364406 d:FurnitureFittings 2024-09-30 01364406 d:FurnitureFittings 2023-09-30 01364406 d:FurnitureFittings d:OwnedOrFreeholdAssets 2023-10-01 2024-09-30 01364406 d:FurnitureFittings d:LeasedAssetsHeldAsLessee 2023-10-01 2024-09-30 01364406 d:ComputerEquipment 2023-10-01 2024-09-30 01364406 d:OwnedOrFreeholdAssets 2023-10-01 2024-09-30 01364406 d:LeasedAssetsHeldAsLessee 2023-10-01 2024-09-30 01364406 d:FreeholdInvestmentProperty 2024-09-30 01364406 d:FreeholdInvestmentProperty 2023-09-30 01364406 d:FreeholdInvestmentProperty 2 2023-10-01 2024-09-30 01364406 d:CurrentFinancialInstruments 2024-09-30 01364406 d:CurrentFinancialInstruments 2023-09-30 01364406 d:Non-currentFinancialInstruments 2024-09-30 01364406 d:Non-currentFinancialInstruments 2023-09-30 01364406 d:CurrentFinancialInstruments d:WithinOneYear 2024-09-30 01364406 d:CurrentFinancialInstruments d:WithinOneYear 2023-09-30 01364406 d:Non-currentFinancialInstruments d:AfterOneYear 2024-09-30 01364406 d:Non-currentFinancialInstruments d:AfterOneYear 2023-09-30 01364406 d:Non-currentFinancialInstruments d:BetweenTwoFiveYears 2024-09-30 01364406 d:Non-currentFinancialInstruments d:BetweenTwoFiveYears 2023-09-30 01364406 d:ShareCapital 2024-09-30 01364406 d:ShareCapital 2023-09-30 01364406 d:InvestmentPropertiesRevaluationReserve 2024-09-30 01364406 d:InvestmentPropertiesRevaluationReserve 2023-09-30 01364406 d:RetainedEarningsAccumulatedLosses 2024-09-30 01364406 d:RetainedEarningsAccumulatedLosses 2023-09-30 01364406 c:FRS102 2023-10-01 2024-09-30 01364406 c:AuditExempt-NoAccountantsReport 2023-10-01 2024-09-30 01364406 c:FullAccounts 2023-10-01 2024-09-30 01364406 c:PrivateLimitedCompanyLtd 2023-10-01 2024-09-30 01364406 d:AcceleratedTaxDepreciationDeferredTax 2024-09-30 01364406 d:AcceleratedTaxDepreciationDeferredTax 2023-09-30 01364406 d:OtherDeferredTax 2024-09-30 01364406 d:OtherDeferredTax 2023-09-30 01364406 2 2023-10-01 2024-09-30 01364406 d:MotorVehicles d:LeasedAssetsHeldAsLessee 2024-09-30 01364406 d:MotorVehicles d:LeasedAssetsHeldAsLessee 2023-09-30 01364406 f:PoundSterling 2023-10-01 2024-09-30 iso4217:GBP xbrli:pure
Registered number: 01364406









JOHN HILDITCH (BUILDERS) LIMITED

UNAUDITED

FINANCIAL STATEMENTS
INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 30 SEPTEMBER 2024

 
JOHN HILDITCH (BUILDERS) LIMITED
REGISTERED NUMBER: 01364406

BALANCE SHEET
AS AT 30 SEPTEMBER 2024

2024
2023
Note
£
£

Fixed assets
  

Tangible assets
 4 
53,522
9,468

Investment property
 5 
1,120,000
470,000

  
1,173,522
479,468

Current assets
  

Stocks
  
7,838
6,420

Debtors: amounts falling due within one year
 6 
87,418
108,855

Cash at bank and in hand
 7 
10,393
20,369

  
105,649
135,644

Creditors: amounts falling due within one year
 8 
(80,147)
(79,860)

Net current assets
  
 
 
25,502
 
 
55,784

Total assets less current liabilities
  
1,199,024
535,252

Creditors: amounts falling due after more than one year
 9 
(69,559)
(59,912)

Provisions for liabilities
  

Deferred tax
 11 
(162,722)
-

  
 
 
(162,722)
 
 
-

Net assets
  
966,743
475,340


Capital and reserves
  

Called up share capital 
  
552
552

Investment property reserve
  
694,165
198,114

Profit and loss account
  
272,026
276,674

  
966,743
475,340


Page 1

 
JOHN HILDITCH (BUILDERS) LIMITED
REGISTERED NUMBER: 01364406

BALANCE SHEET (CONTINUED)
AS AT 30 SEPTEMBER 2024

The directors consider that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

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

The Company has opted not to file the profit and loss account in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf on 23 June 2025.




J E Hilditch
Director

The notes on pages 3 to 10 form part of these financial statements.

Page 2

 
JOHN HILDITCH (BUILDERS) LIMITED
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2024

1.


General information

John Hilditch (Builders) Limited is a private company limited by shares, incorporated in England and Wales, with a company registration number of 01364406. The address of the registered office is Anglia House, 6 Central Avenue, St Andrews Business Park, Thorpe St Andrew, Norwich, Norfolk, NR7 0HR.

2.Accounting policies

 
2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with FRS 102 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland' and the requirements of the Companies Act 2006. The disclosure requirements of Section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The following principal accounting policies have been applied:

 
2.2

Revenue

Turnover is recognised to the extent that it is probable that the economic benefits will flow to the Company and the turnover can be reliably measured. Turnover is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before turnover is recognised:

Sale of goods

Turnover from the sale of goods is recognised when all of the following conditions are satisfied:
the Company has transferred the significant risks and rewards of ownership to the buyer;
the Company retains neither continuing managerial involvement to the degree usually associated with ownership nor effective control over the goods sold;
the amount of turnover can be measured reliably;
it is probable that the Company will receive the consideration due under the transaction; and
the costs incurred or to be incurred in respect of the transaction can be measured reliably.

 
2.3

Interest income

Interest income is recognised in profit or loss using the effective interest method.

 
2.4

Finance costs

Finance costs are charged to profit or loss over the term of the debt using the effective interest method so that the amount charged is at a constant rate on the carrying amount. Issue costs are initially recognised as a reduction in the proceeds of the associated capital instrument.

 
2.5

Borrowing costs

All borrowing costs are recognised in profit or loss in the year in which they are incurred.

Page 3

 
JOHN HILDITCH (BUILDERS) LIMITED
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2024

2.Accounting policies (continued)

 
2.6

Pensions

Defined contribution pension plan

The Company operates a defined contribution plan for its employees. A defined contribution plan is a pension plan under which the Company pays fixed contributions into a separate entity. Once the contributions have been paid the Company has no further payment obligations.

The contributions are recognised as an expense in profit or loss when they fall due. Amounts not paid are shown in accruals as a liability in the balance sheet. The assets of the plan are held separately from the Company in independently administered funds.

 
2.7

Current and deferred taxation

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

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

Deferred tax balances are recognised in respect of all timing differences that have originated but not reversed by the balance sheet date, except that:
The recognition of deferred tax assets is limited to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits; and
Any deferred tax balances are reversed if and when all conditions for retaining associated tax allowances have been met.

Deferred tax balances are not recognised in respect of permanent differences except in respect of business combinations, when deferred tax is recognised on the differences between the fair values of assets acquired and the future tax deductions available for them and the differences between the fair values of liabilities acquired and the amount that will be assessed for tax. Deferred tax is determined using tax rates and laws that have been enacted or substantively enacted by the balance sheet date.


 
2.8

Tangible fixed assets

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

Page 4

 
JOHN HILDITCH (BUILDERS) LIMITED
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2024

2.Accounting policies (continued)


2.8
Tangible fixed assets (continued)

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, on a reducing balance basis.

Depreciation is provided on the following basis:

Plant & equipment
-
25% reducing balance
Motor vehicles
-
25% reducing balance
Office fixtures and fittings
-
25% reducing balance
Computer equipment
-
33% reducing balance

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.

 
2.9

Investment property

Investment property is carried at fair value determined annually by directors and derived from the current market rents and investment property yields for comparable real estate, adjusted if necessary for any difference in the nature, location or condition of the specific asset. No depreciation is provided. Changes in fair value are recognised in profit or loss.

 
2.10

Stock and work in progress

Stocks are stated at the lower of cost and net realisable value, being the estimated selling price less costs to complete and sell. Cost is based on the cost of purchase. Work in progress includes labour and attributable overheads.

At each balance sheet date, stocks are assessed for impairment. If stock is impaired, the carrying amount is reduced to its selling price less costs to complete and sell. The impairment loss is recognised immediately in profit or loss.

 
2.11

Debtors

Short-term debtors are measured at transaction price, less any impairment.

 
2.12

Cash and cash equivalents

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours.

 
2.13

Creditors

Short-term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

Page 5

 
JOHN HILDITCH (BUILDERS) LIMITED
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2024

2.Accounting policies (continued)

 
2.14

Financial instruments

The Company has elected to apply the provisions of Section 11 “Basic Financial Instruments” of FRS 102 to all of its financial instruments.

Basic financial assets

Basic financial assets, which include trade and other debtors, cash and bank balances, are initially measured at their transaction price (adjusted for transaction costs except in the initial measurement of financial assets that are subsequently measured at fair value through profit and loss) and are subsequently carried at their amortised cost using the effective interest method, less any provision for impairment, unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest.

Discounting is omitted where the effect of discounting is immaterial. The Company's cash and cash equivalents, trade and most other debtors due with the operating cycle fall into this category of financial instruments.

Basic financial liabilities

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the Company after the deduction of all its liabilities.

Basic financial liabilities, which include trade and other creditors, bank loans and other loans are initially measured at their transaction price (adjusting for transaction costs except in the initial measurement of financial liabilities that are subsequently measured at fair value through profit and loss). When this constitutes a financing transaction, whereby the debt instrument is measured at the present value of the future payments discounted at a market rate of interest, discounting is omitted where the effect of discounting is immaterial.

Debt instruments are subsequently carried at their amortised cost using the effective interest rate method.

Trade creditors are obligations to pay for goods and services that have been acquired in the ordinary course of business from suppliers. Trade creditors are classified as current liabilities if the payment is due within one year. If not, they represent non-current liabilities. Trade creditors are initially recognised at their transaction price and subsequently are measured at amortised cost using the effective interest method. Discounting is omitted where the effect of discounting is immaterial.

 
2.15

Dividends

Equity dividends are recognised when they become legally payable. Interim equity dividends are recognised when paid. Final equity dividends are recognised when approved by the shareholders at an annual general meeting.


3.


Employees

The average monthly number of employees, including directors, during the year was 4 (2023 - 4).

Page 6

 
JOHN HILDITCH (BUILDERS) LIMITED
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2024

4.


Tangible fixed assets





Plant & equipment
Motor vehicles
Office fixtures, fittings and computer equipment
Total

£
£
£
£



Cost or valuation


At 1 October 2023
33,886
73,351
4,693
111,930


Additions
-
53,096
-
53,096



At 30 September 2024

33,886
126,447
4,693
165,026



Depreciation


At 1 October 2023
32,909
65,042
4,511
102,462


Charge for the year on owned assets
243
2,076
87
2,406


Charge for the year on financed assets
-
6,636
-
6,636



At 30 September 2024

33,152
73,754
4,598
111,504



Net book value



At 30 September 2024
734
52,693
95
53,522



At 30 September 2023
977
8,309
182
9,468

The net book value of assets held under finance leases or hire purchase contracts, included above, are as follows:


2024
2023
£
£



Motor vehicles
46,460
-

Page 7

 
JOHN HILDITCH (BUILDERS) LIMITED
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2024

5.


Investment property


Freehold investment property

£



Valuation


At 1 October 2023
470,000


Surplus on revaluation
650,000



At 30 September 2024
1,120,000

The 2024 valuations were made by J E Hilditch, the director, on an open market value for existing use basis.



If the Investment properties had been accounted for under the historic cost accounting rules, the properties would have been measured as follows:

2024
2023
£
£


Historic cost
271,886
271,886


6.


Debtors

2024
2023
£
£


Trade debtors
8,236
3,885

Other debtors
79,182
104,723

Prepayments
-
247

87,418
108,855



7.


Cash and cash equivalents

2024
2023
£
£

Cash at bank and in hand
10,393
20,369


Page 8

 
JOHN HILDITCH (BUILDERS) LIMITED
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2024

8.


Creditors: Amounts falling due within one year

2024
2023
£
£

Bank loans
22,180
21,800

Trade creditors
7,856
22,697

Corporation tax
18,161
17,143

Other taxation and social security
3,688
3,269

Obligations under finance lease and hire purchase contracts
12,055
-

Other creditors
8,192
6,381

Accruals and deferred income
8,015
8,570

80,147
79,860


The total amount of secured creditors are £84,942 (2023 - £52,898).
This figure represents the aggregate amount of all creditors in the company's balance sheet in respect of which security has been given by the company.


9.


Creditors: Amounts falling due after more than one year

2024
2023
£
£

Bank loans
37,414
59,912

Net obligations under finance leases and hire purchase contracts
32,145
-

69,559
59,912



10.


Loans


Analysis of the maturity of loans is given below:


2024
2023
£
£

Amounts falling due within one year

Bank loans
22,180
21,800


Amounts falling due 2-5 years

Bank loans
37,414
59,912


59,594
81,712


Page 9

 
JOHN HILDITCH (BUILDERS) LIMITED
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2024

11.


Deferred taxation




2024


£






Charged to profit or loss
162,722



At end of year
162,722

The deferred taxation balance is made up as follows:

2024
2023
£
£


Accelerated capital allowances
8,773
-

Potential capital gain on investment property
153,949
-

162,722
-


12.


Pension commitments

The Company operates a defined contributions pension scheme. The assets of the scheme are held separately from those of the Company in an independently administered fund. The pension cost charge represents contributions payable by the Company to the fund and amounted to £445 (2023 £722). Contributions of £17 (2023 £16) were payable to the fund at the balance sheet date.


13.


Related party transactions

During the year the company trades in the ordinary course of business with the following associated concerns in which the director J E Hilditch had material interests.
The amount due from Broadland Investments Limited at the year end was £77,826 (2023 £102,825).
The amount due to Griffin Estates Limited at the year end was £2,415 (2023 £2,415).
The amount due to Hilditch Homes Limited at the year end was £1,881 (2023 £1,881).
The amount due to Broadhil Homes Limited at the year end was £348 (2023 £348).
The company believes that all transactions were undertaken at prices which were the same as those available on the open market.


Page 10