H. J. Holt, Limited - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 00165408 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 JUNE 2018

FOR

H. J. HOLT, LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

J D L Holt

Mrs A-M Holt

SECRETARY:

R A Hurst

REGISTERED OFFICE:

Unit 3 Shelley Farm

Shelley Lane

Ower

Romsey

Hampshire

SO51 6AS

REGISTERED NUMBER:

00165408 (England and Wales)

ACCOUNTANTS:

Buckleys

Chartered Accountants

Unit 3, Shelley Farm

Shelley Lane

Ower

Romsey

Hampshire

SO51 6AS

FIXED ASSETS

Tangible assets

4

2,312

6,504

Investment property

5

4,570,000

4,445,000

4,572,312

4,451,504

CURRENT ASSETS

Debtors

6

731,038

646,351

Cash at bank

79,150

28,635

810,188

674,986

CREDITORS

Amounts falling due within one year

7

44,031

181,605

NET CURRENT ASSETS

766,157

493,381

TOTAL ASSETS LESS CURRENT LIABILITIES

5,338,469

4,944,885

CREDITORS

Amounts falling due after more than one year

8

(1,370,848

)

(855,721

)

PROVISIONS FOR LIABILITIES

(442,000

)

(447,000

)

NET ASSETS

3,525,621

3,642,164

CAPITAL AND RESERVES

Called up share capital

60,000

60,000

Fair value reserve

10

2,387,022

2,399,235

Retained earnings

1,078,599

1,182,929

SHAREHOLDERS' FUNDS

3,525,621

3,642,164

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 June 2018.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 June 2018 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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.

The financial statements have been prepared and delivered in accordance with the provisions of Part 15 of the Companies Act 2006 relating to small companies.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors on 27 March 2019 and were signed on its behalf by:

J D L Holt - Director

1.	STATUTORY INFORMATION

H. J. Holt, Limited 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 the provisions of Section 1A "Small Entities" of Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" 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 comprises rent receivable.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Furniture & equipment

-

20% on cost

Investment property

The company's properties which are held for long term investment to earn rentals and/or

capital appreciation are included in the balance sheet at their fair values in accordance with

Financial Reporting Standard 102. Depreciation is not provided in respect of freehold

investment properties. Any aggregate surplus or deficit arising from changes in fair value is

recognised in the income statement and subsequently transferred to a fair value reserve.

Deferred tax is provided on gains at the rate expected to apply when the property is sold.

Where fair value cannot be determined without undue cost or effort investment property is

accounted for as tangible fixed assets.

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 balance sheet date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not

reversed at the balance sheet 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 (2017 - 2 ) .

4.	TANGIBLE FIXED ASSETS

Furniture

& equipment

£

COST

At 1 July 2017

11,075

Disposals

(3,295

)

At 30 June 2018

7,780

DEPRECIATION

At 1 July 2017

4,571

Charge for year

1,556

Eliminated on disposal

(659

)

At 30 June 2018

5,468

NET BOOK VALUE

At 30 June 2018

2,312

At 30 June 2017

6,504

5.	INVESTMENT PROPERTY

Total

£

FAIR VALUE

At 1 July 2017

4,445,000

Additions

343,037

Disposals

(220,000

)

Revaluations

1,963

At 30 June 2018

4,570,000

NET BOOK VALUE

At 30 June 2018

4,570,000

At 30 June 2017

4,445,000

Fair value at 30 June 2018 is represented by:

£

Valuation in 2018

2,825,914

Cost

1,744,086

4,570,000

If the investment properties had not been revalued they would have been included at the

following historical cost:

30.6.18

30.6.17

£

£

Cost

1,744,086

1,605,400

The investment properties were valued on an open market basis on 30 June 2018 by the directors

.

6.

DEBTORS

30.6.18

30.6.17

£

£

Amounts falling due within one year:

Trade debtors

719

520

Other debtors

88,579

4,091

89,298

4,611

Amounts falling due after more than one year:

Amounts owed by group undertakings

641,740

641,740

Aggregate amounts

731,038

646,351

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30.6.18

30.6.17

£

£

Bank loans and overdrafts

27,818

20,489

Trade creditors

3,210

6,415

Taxation and social security

11,000

24,268

Other creditors

2,003

130,433

44,031

181,605

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

30.6.18

30.6.17

£

£

Bank loans

1,370,848

855,721

Amounts falling due in more than five years:

Repayable by instalments

Bank loans - more than 5 years

1,244,460

762,678

9.	SECURED DEBTS

The following secured debts are included within creditors:

30.6.18

30.6.17

£

£

Bank loans

1,398,666

876,210

10.

RESERVES

Fair

value

reserve

£

At 1 July 2017

2,399,235

Realised surplus on disposal

(19,176

)

Unrealised revaluation tfr

1,963

Unrealised deferred tax trf

5,000

At 30 June 2018

2,387,022

11.	RELATED PARTY DISCLOSURES

12.	ULTIMATE CONTROLLING PARTY

The controlling party is The Archers Estates Company Limited.

The directors are the ultimate controlling party, together owning 100% of the holding

company share capital.