| Hunt Developments Group Limited |
| Registered number: |
01311246 |
| Balance Sheet |
| as at 30 April 2025 |
| Notes |
|
|
2025 |
|
|
2024 |
| £ |
£ |
| Fixed assets |
| Tangible assets |
4 |
|
|
7,025,577 |
|
|
6,830,400 |
| Investments |
5 |
|
|
1,546,643 |
|
|
1,491,316 |
|
|
|
|
8,572,220 |
|
|
8,321,716 |
|
| Current assets |
| Debtors |
6 |
|
6,420 |
|
|
4,104 |
| Cash at bank and in hand |
220,331 |
|
|
426,167 |
|
|
|
226,751 |
|
|
430,271 |
|
| Creditors: amounts falling due within one year |
7 |
|
(1,251,004) |
|
|
(1,213,075) |
|
| Net current liabilities |
|
|
|
(1,024,253) |
|
|
(782,804) |
|
| Total assets less current liabilities |
|
|
|
7,547,967 |
|
|
7,538,912 |
|
| Creditors: amounts falling due after more than one year |
8 |
|
|
(237,464) |
|
|
(528,067) |
|
| Provisions for liabilities |
|
|
|
(804,594) |
|
|
(804,594) |
| - Deferred tax |
10 |
|
| Net assets |
|
|
|
6,505,909 |
|
|
6,206,251 |
|
|
|
|
|
|
|
|
| Capital and reserves |
| Called up share capital |
|
|
|
50,000 |
|
|
50,000 |
| Profit and loss account |
|
|
|
6,455,909 |
|
|
6,156,251 |
|
| Shareholder's funds |
|
|
|
6,505,909 |
|
|
6,206,251 |
|
|
|
|
|
|
|
|
| The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006. |
| The member has not required the company to obtain an audit in accordance with section 476 of the Act. |
| The directors acknowledge their 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. |
|
|
|
|
| N A Hunt |
| Director |
| Approved by the board on 16 December 2025 |
|
| Hunt Developments Group Limited |
| Notes to the Accounts |
| for the year ended 30 April 2025 |
|
|
|
|
|
| 1 |
Accounting policies |
|
|
Basis of preparation |
|
The accounts have been prepared under the historical cost convention, as modified for the revaluation of investments and properties, 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). |
|
These accounts present information about Hunt Developments Group Limited and not about its group. Group accounts are not prepared as the company is part of a small group. |
|
|
Turnover |
|
Turnover comprises rents receivable, management fees and re-charged property costs. |
|
|
|
Tangible fixed assets |
|
Investment property is included at fair value. Gains are recognised in profit and loss account. Deferred taxation is provided on these gains at the rate expected to apply when the property is sold. |
|
Plant and machinery and vehicles are stated at cost less depreciation. These assets are depreciated over 4/5 years |
|
|
Investments |
|
Investments in subsidiaries, associates and joint ventures are measured at fair value. Changes in fair value are included in the profit and loss account. Fair value is determined by reference to the underlying company accounts net asset values. |
|
|
Government grants |
|
Grants are accounted under the accruals model as permitted by FRS 102. Grants relating to expenditure on tangible fixed assets are credited to the profit and loss account at the same rate as the depreciation on the assets to which the grant relates. The deferred element of grants is included in creditors as deferred income. Grants of a revenue nature are recognised in "other operating income" within profit and loss in the same period as the related expenditure. The company has not benefited from any other forms of government assistance. |
|
|
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. |
|
|
|
Provisions |
|
Provisions (ie liabilities of uncertain timing or amount) are recognised when there is an obligation at the reporting date as a result of a past event, it is probable that economic benefit will be transferred to settle the obligation and the amount of the obligation can be estimated reliably. |
|
|
Pensions |
|
Contributions to defined contribution plans are expensed in the period to which they relate. |
|
|
| 2 |
Employees |
2025 |
|
2024 |
| Number |
Number |
|
|
Average number of persons employed by the company |
3 |
|
3 |
|
|
|
|
|
|
|
|
|
|
| 3 |
Taxation |
2025 |
|
2024 |
£ |
| £ |
£ |
|
Current corporation tax on the profit for the year |
78,436 |
|
75,989 |
|
Deferred taxation : |
|
Charge/(credit) for year (Note 10) |
- |
|
101,020 |
|
|
|
|
|
|
78,436 |
|
177,009 |
|
|
|
|
| 4 |
Tangible fixed assets |
|
|
Investment properties |
|
Plant and machinery etc |
|
Motor vehicles |
|
Total |
Total |
| £ |
£ |
£ |
£ |
£ |
|
Cost / Fair value |
|
At 1 May 2024 |
6,790,729 |
|
215,560 |
|
8,790 |
|
7,015,079 |
|
Additions |
190,800 |
|
- |
|
45,175 |
|
235,975 |
|
Disposal |
- |
|
- |
|
(8,790) |
|
(8,790) |
|
At 30 April 2025 |
6,981,529 |
|
215,560 |
|
45,175 |
|
7,242,264 |
|
|
|
|
|
|
|
|
|
|
|
|
Depreciation |
|
At 1 May 2024 |
- |
|
175,889 |
|
8,790 |
|
184,679 |
|
Charge for the year |
- |
|
31,763 |
|
9,035 |
|
40,798 |
|
On disposals |
- |
|
- |
|
(8,790) |
|
(8,790) |
|
At 30 April 2025 |
- |
|
207,652 |
|
9,035 |
|
216,687 |
|
|
|
|
|
|
|
|
|
|
|
|
Net book value |
|
At 30 April 2025 |
6,981,529 |
|
7,908 |
|
36,140 |
|
7,025,577 |
|
At 30 April 2024 |
6,790,729 |
|
39,671 |
|
- |
|
6,830,400 |
|
|
|
The basis of valuation is market value which is equivalent to fair value. |
|
|
|
| 5 |
Investments |
| Investments in |
Investments in |
| subsidiary |
subsidiary |
| undertakings |
undertakings |
| £ |
£ |
|
Fair value |
|
At 1 May 2024 |
1,491,316 |
|
At 30 April 2025 |
1,546,643 |
|
|
|
The initially recognised fair value upon acquisition of the subsidiary was £798,687. |
|
| 6 |
Debtors |
2025 |
|
2024 |
| £ |
£ |
|
|
Trade debtors |
5,486 |
|
2,369 |
|
Other debtors |
934 |
|
1,735 |
|
|
|
|
|
|
6,420 |
|
4,104 |
|
|
|
|
|
|
|
|
|
|
| 7 |
Creditors: amounts falling due within one year |
2025 |
|
2024 |
| £ |
£ |
|
|
|
Bank loans |
141,940 |
|
136,428 |
|
Trade creditors |
1,893 |
|
6,521 |
|
Corporation tax |
|
78,436 |
|
75,989 |
|
Other taxation and social security costs |
22,984 |
|
19,781 |
|
Other creditors |
1,000,700 |
|
969,460 |
|
Accruals |
5,051 |
|
4,896 |
|
|
|
|
|
|
1,251,004 |
|
1,213,075 |
|
|
|
|
|
|
|
|
|
| 8 |
Creditors: amounts falling due after one year |
2025 |
|
2024 |
| £ |
£ |
|
|
Bank loans |
237,464 |
|
528,067 |
|
|
|
|
|
|
|
|
|
| 9 |
Loans |
2025 |
|
2024 |
| £ |
£ |
|
Creditors include: |
|
|
Secured bank loans |
379,404 |
|
664,495 |
|
|
|
|
|
|
|
|
|
|
The bank loans are secured by a charge on the properties. |
| 10 |
Deferred taxation |
|
|
|
|
2025 |
|
2024 |
|
|
|
|
|
|
£ |
|
£ |
|
At 1 May 2024 |
804,594 |
|
703,574 |
|
Transfer to the profit and loss account |
- |
|
101,020 |
|
At 30 April 2025 |
804,594 |
|
804,594 |
|
|
|
|
|
|
|
|
|
|
The provision for deferred taxation represents the corporation tax which would be payable should the Company sell its freehold property for the value shown in these accounts. The rate of tax used when calculating the provision is 25% (2024:25%) |
|
|
| 11 |
Related party transactions |
|
|
A rent and management charge of £78,750 (2024: £74,950) was charged to Leaside Estate Ltd, which is 50% owned, in the year. |
|
| 12 |
Controlling party |
|
|
The company is a wholly owned subsidiary of Hunt Development Holdings Limited. |
|
The registered address and place of business is: |
|
19 Parkside Business Centre |
|
Plumpton Road |
|
Hoddesdon |
|
Hertfordshire |
|
EN11 0ES |
|
| 13 |
Other information |
|
|
Hunt Developments Group Limited is a private company limited by shares and incorporated in England. Its registered office is: |
|
19 Parkside Business Centre |
|
Plumpton Road |
|
Hoddesdon |
|
Hertfordshire |
|
EN11 0ES |
|
|
| 14 |
Subsidiary and associated undertakings |
|
|
The company owns 50% of the following company: |
|
Name |
Country |
Capital and |
Profit/(Loss) |
|
|
incorporated |
reserves |
for year |
|
|
Leaside Estate Limited |
UK |
1,341 |
|
(430) |
|
|
|
|
|
|
|
|
The company owns 100% of the following company: |
|
Name |
Country |
Capital and |
Profit/(Loss) |
|
|
incorporated |
reserves |
for year |
|
|
Hunt NAH Ltd |
UK |
1,546,643 |
|
55,327 |
|
|
|
|
|
|
|