ACCOUNTS - Final Accounts preparation

Company registration number: 00573778

	UNAUDITED FINANCIAL STATEMENTS
	FOR THE YEAR ENDED 31 DECEMBER 2024

	HUNTER SIMMONDS PROPERTIES LIMITED


HUNTER SIMMONDS PROPERTIES LIMITED

COMPANY INFORMATION

Directors	C Hunter Simmonds
	A M J Hunter Simmonds
	I Hunter Simmonds
	A M Simmonds
	L Hunter Simmonds


Company secretary	A M J Hunter Simmonds


Registered number	00573778


Registered office	3000a Parkway
	Whiteley
	Hampshire
	PO15 7FX


Accountants	Menzies LLP
	Chartered Accountants
	3000a Parkway
	Whiteley
	Hampshire
	PO15 7FX


HUNTER SIMMONDS PROPERTIES LIMITED

CONTENTS

	Page
Statement of Financial Position	1 - 2
Notes to the Financial Statements	3 - 6


HUNTER SIMMONDS PROPERTIES LIMITED REGISTERED NUMBER:00573778

STATEMENT OF FINANCIAL POSITION

AS AT 31 DECEMBER 2024

		2024		2023
Note		£		£

Fixed assets
Investments	4		1,667,079		1,654,477
Investment property	5		6,612,200		6,612,200
			8,279,279		8,266,677
Current assets
Debtors: amounts falling due within one year	6	146,175		84,249
Cash at bank and in hand		57,525		51,664
		203,700		135,913
Creditors: amounts falling due within one year	7	(241,799)		(233,925)
Net current liabilities			(38,099)		(98,012)
Total assets less current liabilities			8,241,180		8,168,665
Creditors: amounts falling due after more than one year	8		(1,040,000)		(1,040,000)

Net assets			7,201,180		7,128,665

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HUNTER SIMMONDS PROPERTIES LIMITED REGISTERED NUMBER:00573778

STATEMENT OF FINANCIAL POSITION (CONTINUED)

AS AT 31 DECEMBER 2024

		2024		2023
		£		£

Capital and reserves
Called up share capital	76	76
Revaluation reserve	4,384,170	4,395,850
Profit and loss account	2,816,934	2,732,739
	7,201,180	7,128,665

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 statement of comprehensive income 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 by:

C Hunter Simmonds

Director

Date: 29 September 2025

The notes on pages 3 to 6 form part of these financial statements.

Page 2


HUNTER SIMMONDS PROPERTIES LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2024

1.	General information

Hunter Simmonds Properties Limited is a private company limited by shares, registered in England and Wales.
The company's primary trading address is Units H1A-H1B, Dawkins Road, Hamworthy, Poole, Dorest, BH15 4JW.

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

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. Revenue 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 revenue is recognised:

Rendering of services

Revenue from a contract to provide services is recognised in the period in which the services are provided in accordance with the stage of completion of the contract when all of the following conditions are satisfied:

∙the amount of revenue can be measured reliably;

∙it is probable that the Company will receive the consideration due under the contract;

∙the stage of completion of the contract at the end of the reporting period can be measured reliably; and

∙the costs incurred and the costs to complete the contract can be measured reliably.

2.3

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 Statement of Financial Position. The assets of the plan are held separately from the Company in independently administered funds.

2.4

Investment property

Investment property is carried at fair value determined annually by the 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.

Page 3


HUNTER SIMMONDS PROPERTIES LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2024

2.Accounting policies (continued)

2.5

Valuation of investments

Investments in unlisted Company shares, whose market value can be reliably determined, are remeasured to market value at each reporting date. Gains and losses on remeasurement are recognised in the Statement of Comprehensive Income for the period. Where market value cannot be reliably determined, such investments are stated at historic cost less impairment.

Investments in listed company shares are remeasured to market value at each reporting date. Gains and losses on remeasurement are recognised in profit or loss for the period.

Investments in wine and paintings are remeasured to market value at each Statement of Financial Position date. Gains and losses on remeasurement are recognised in the Statement of Changes in Equity.

2.6

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.

Financial instruments are recognised in the Company's Statement of Financial Position when the Company becomes party to the contractual provisions of the instrument.

Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

Basic financial assets

Basic financial assets, which include trade and other receivables, cash and bank balances, are initially measured at their transaction price including transaction costs 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 receivables due with the operating cycle fall into this category of financial instruments.

Employees

The average monthly number of employees, including directors, during the year was 5 (2023 - 5).

Page 4


HUNTER SIMMONDS PROPERTIES LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2024

4.	Fixed asset investments

	Listed investments	Other fixed asset investments	Total
	£	£	£
Cost or valuation
At 1 January 2024	1,118,327	536,150	1,654,477
Additions	-	632,500	632,500
Disposals	(687,437)	(660)	(688,097)
Revaluations	79,879	(11,680)	68,199
At 31 December 2024	510,769	1,156,310	1,667,079

5.	Investment property

		Freehold investment property
		£
	Valuation
	At 1 January 2024	6,612,200
	At 31 December 2024	6,612,200

The 2022 valuations were made by an external valuer, on an open market value for existing use basis.


					2024	2023
					£	£

	Historic cost	2,568,527	2,568,527
		2,568,527	2,568,527

Page 5


HUNTER SIMMONDS PROPERTIES LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2024

Debtors

					2024	2023
					£	£


Other debtors	113,210	59,310
Prepayments and accrued income	32,965	24,939
	146,175	84,249

7.	Creditors: Amounts falling due within one year
		2024	2023
		£	£

Bank overdrafts	92,189	78,512
Trade creditors	5,291	6,172
Other taxation and social security	18,848	20,997
Other creditors	97,411	102,460
Accruals and deferred income	28,060	25,784
	241,799	233,925

8.	Creditors: Amounts falling due after more than one year
		2024	2023
		£	£

Bank loans	1,040,000	1,040,000
	1,040,000	1,040,000

Secured Loans
Bank loans totalling £1,040,000 (2023 - £1,040,000) are secured by way of a fixed charge against the assets of the company.

Related party transactions

At the year end, included within creditors due under one year were balances owing to three discretionary trusts, amounting to £37,072 (2023 - £41,192). The beneficiaries of these trust funds are either directors of the company or their close relatives.
Included within other debtors were amounts owed to the company by directors totalling £5,000 (2023 - £5,500). These amounts are unsecured, undated and interest free.

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