Siddall and Hilton,Limited - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 00058588 (England and Wales)

Unaudited Financial Statements for the Year Ended 31 December 2018

for

Siddall and Hilton,Limited

Page

Company Information

1

Balance Sheet

2

to

3

Notes to the Financial Statements

4

to

7

DIRECTORS:

Mr J A Firth

Mrs A H Siddall

Mr A J Siddall

Mr C P Siddall

Mr J C Siddall

Mr P R Siddall

Mrs S T Siddall

SECRETARY:

Mr J A Firth

REGISTERED OFFICE:

Marland House

13 Huddersfield Road

Barnsley

South Yorkshire

S70 2LW

REGISTERED NUMBER:

00058588 (England and Wales)

ACCOUNTANTS:

Harris & Co Limited

Chartered Accountants

Marland House

13 Huddersfield Road

Barnsley

South Yorkshire

S70 2LW

FIXED ASSETS

Tangible assets

5

-

-

Investments

6

223,844

224,429

Investment property

7

5,400,000

4,250,000

5,623,844

4,474,429

CURRENT ASSETS

Debtors

8

100,616

1,701,920

Investments

9

8,294,882

6,900,000

Cash at bank

277,985

615,935

8,673,483

9,217,855

CREDITORS

Amounts falling due within one year

10

(1,021,527

)

(1,473,888

)

NET CURRENT ASSETS

7,651,956

7,743,967

TOTAL ASSETS LESS CURRENT LIABILITIES

13,275,800

12,218,396

CREDITORS

Amounts falling due after more than one year

11

(223,844

)

(223,840

)

PROVISIONS FOR LIABILITIES

(136,459

)

-

NET ASSETS

12,915,497

11,994,556

CAPITAL AND RESERVES

Called up share capital

12

39,250

39,250

Share premium

60,920

60,920

Capital redemption reserve

43,660

43,660

Retained earnings

12,771,667

11,850,726

SHAREHOLDERS' FUNDS

12,915,497

11,994,556

The Company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2018.

The members have not required the Company to obtain an audit of its financial statements for the year ended 31 December 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 Profit and Loss Account has not been delivered.

The financial statements were approved by the Board of Directors on 25 July 2019 and were signed on its behalf by:

Mr J A Firth - Director

1.	STATUTORY INFORMATION

Siddall and Hilton,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.

The presentation and functional currency of the financial statements is the Pound Sterling (£).

2.	STATEMENT OF COMPLIANCE

These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006.

3.	ACCOUNTING POLICIES

Basis of preparing the financial statements

These financial statements have been prepared in compliance with FRS 102, 'The Financial Standard

Applicable in the UK and the Republic of Ireland' and the Companies Act 2006. The financial

statements have been prepared on a going concern basis under the historical cost convention,

modified to include certain items at fair value.

Related party exemption

The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102

'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related

party transactions with wholly owned subsidiaries within the group.

Significant judgements and estimates

The principal accounting policies and significant judgements and estimates applied in the preparation

of these financial statements are set out below. These policies, judgements and estimates have been

consistently applied to all years presented unless otherwise stated.

Turnover

Turnover represents amounts earned on services provided during the year and derives from the

provision of services falling within the company's ordinary activities. Turnover is recognised at the point

of delivery of the service.

Tangible fixed assets

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

Plant and machinery

-

10% on reducing balance

All fixed assets are initially recorded at cost.

Investments in subsidiaries

Investments in subsidiary undertakings are recognised at cost less any provision for impairment.

Investment property

Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from

changes in fair value is recognised in profit or loss.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Profit and Loss

Account, 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 as 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.

Pension costs and other post-retirement benefits

The company operates a defined contribution pension scheme. Contributions payable to the

company's pension scheme are charged to profit or loss in the period to which they relate.

4.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 10 (2017 - 9 ) .

5.	TANGIBLE FIXED ASSETS

Plant and

machinery

£

COST

At 1 January 2018

and 31 December 2018

43,251

DEPRECIATION

At 1 January 2018

and 31 December 2018

43,251

NET BOOK VALUE

At 31 December 2018

-

At 31 December 2017

-

6.	FIXED ASSET INVESTMENTS

Shares in

group

undertakings

£

COST

At 1 January 2018

and 31 December 2018

2,369,000

PROVISIONS

At 1 January 2018

2,144,571

Provision for year

585

At 31 December 2018

2,145,156

NET BOOK VALUE

At 31 December 2018

223,844

At 31 December 2017

224,429

7.	INVESTMENT PROPERTY

Total

£

FAIR VALUE

At 1 January 2018

4,250,000

Revaluations

1,150,000

At 31 December 2018

5,400,000

NET BOOK VALUE

At 31 December 2018

5,400,000

At 31 December 2017

4,250,000

The investment property has been valued by the directors by performing a market appraisal to

calculate the fair value of the property at 31 December 2018.

On an historical cost basis, the investment property would have been included at an original cost of

£2,421,000 (2017: £2,421,000) with aggregate depreciation charge of £871,560 (2017: £823,140).

8.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2018

2017

£

£

Amounts owed by group undertakings

-

1,379,526

Other debtors

100,616

322,394

100,616

1,701,920

Of the amounts owed by group undertakings, £0 (2017: £719,526 ) is due in more than 1 year.

9.	CURRENT ASSET INVESTMENTS

2018

2017

£

£

Listed investments

7,794,882

6,400,000

Unlisted investments

500,000

500,000

8,294,882

6,900,000

10.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2018

2017

£

£

Trade creditors

969

2,718

Taxation and social security

58,162

62,387

Other creditors

962,396

1,408,783

1,021,527

1,473,888

11.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2018

2017

£

£

Amounts owed to group undertakings

223,844

223,840

12.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2018

2017

value:

£

£

392,500

Ordinary

£0.10

39,250

39,250