A.v. Hurst & Sons (Fobbing) Limited - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 01206399 (England and Wales)

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2019

FOR

A.V. HURST & SONS (FOBBING) LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

S B Hurst

R A Hurst

G A Nash

L R C Hurst

SECRETARY:

S B Hurst

REGISTERED OFFICE:

Turnpike House

1208/1210 London Road

Leigh on Sea

Essex

SS9 2UA

REGISTERED NUMBER:

01206399 (England and Wales)

ACCOUNTANTS:

Segrave & Partners LLP

Chartered Accountants

Turnpike House

1208/1210 London Road

Leigh on Sea

Essex

SS9 2UA

FIXED ASSETS

Tangible assets

4

896

5,885

Investment property

5

5,169,400

5,169,400

5,170,296

5,175,285

CURRENT ASSETS

Debtors

6

1,828

8,630

Cash at bank

267,784

259,857

269,612

268,487

CREDITORS

Amounts falling due within one year

7

62,776

78,489

NET CURRENT ASSETS

206,836

189,998

TOTAL ASSETS LESS CURRENT LIABILITIES

5,377,132

5,365,283

PROVISIONS FOR LIABILITIES

8

563,390

563,390

NET ASSETS

4,813,742

4,801,893

CAPITAL AND RESERVES

Called up share capital

300

300

Retained earnings

4,813,442

4,801,593

SHAREHOLDERS' FUNDS

4,813,742

4,801,893

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2019.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2019 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 applicable to companies subject to the small companies regime.

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 17 December 2019 and were signed on its behalf by:

S B Hurst - Director

G A Nash - Director

1.	STATUTORY INFORMATION

A.v. Hurst & Sons (Fobbing) 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 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. The financial statements have been prepared under the historical cost convention as modified by the revaluation of certain assets.

Turnover

Turnover represents rents receivable.

Tangible fixed assets

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

Fixtures & fittings

-

20% on reducing balance

Motor vehicles

-

20% on reducing balance

Computer equipment

-

25% on cost

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 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 (2018 - 2 ) .

4.	TANGIBLE FIXED ASSETS

Fixtures

Motor

Computer

& fittings

vehicles

equipment

Totals

£

£

£

£

COST

At 1 April 2018

21,344

14,158

2,039

37,541

Disposals

-

(14,158

)

-

(14,158

)

At 31 March 2019

21,344

-

2,039

23,383

DEPRECIATION

At 1 April 2018

20,523

9,518

1,615

31,656

Charge for year

164

-

185

349

Eliminated on disposal

-

(9,518

)

-

(9,518

)

At 31 March 2019

20,687

-

1,800

22,487

NET BOOK VALUE

At 31 March 2019

657

-

239

896

At 31 March 2018

821

4,640

424

5,885

5.	INVESTMENT PROPERTY

Total

£

FAIR VALUE

At 1 April 2018

and 31 March 2019

5,169,400

NET BOOK VALUE

At 31 March 2019

5,169,400

At 31 March 2018

5,169,400

Fair value at 31 March 2019 is represented by:

£

Valuation in 2015

4,056,955

Valuation in 2016

236,000

Valuation in 2017

200,000

Cost

676,445

5,169,400

The company sought a professional and independent valuation of the properties as at 31st March 2017. The

directors consider there has been no movement in the fair values up to 31st March 2019.

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2019

2018

£

£

Other debtors

1,828

8,630

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2019

2018

£

£

Bank loans & overdrafts

758

7,085

Tax

31,385

29,860

Social security & other taxes

-

1,755

Other creditors & accruals

27,922

37,628

Directors' current accounts

2,711

2,161

62,776

78,489

8.	PROVISIONS FOR LIABILITIES

2019

2018

£

£

Deferred tax

563,390

563,390

Deferred

tax

£

Balance at 1 April 2018

563,390

Balance at 31 March 2019

563,390

9.	RETAINED EARNINGS

Investment

Profit and loss

property

reserves

revaluation

Total

Balance brought forward

872,028

3,929,565

4,801,593

Movement in year

11,849

-

11,849

Balance carried forward

£883,877

£3,929,565

£4,813,442