Company Registration No. 05000556 (England and Wales)
Huntsmere Limited
Unaudited accounts
for the year ended 31 December 2021
Huntsmere Limited
Unaudited accounts
Contents
Huntsmere Limited
Company Information
for the year ended 31 December 2021
Company Number
05000556 (England and Wales)
Registered Office
Waterfall House
33a Macclesfield Road
Wilmslow
Cheshire
SK9 2AF
Accountants
Taylor Consultancy, Chartered Certified Accountants
Primary House
Spring Gardens
Macclesfield
Cheshire
SK10 2DX
Huntsmere Limited
Statement of financial position
as at 31 December 2021
Debtors
1,085,670
1,150,653
Cash at bank and in hand
218
13,543
Creditors: amounts falling due within one year
(156,313)
(421,676)
Net current assets
929,575
928,926
Net assets
929,575
928,926
Called up share capital
602
602
Profit and loss account
928,973
928,324
Shareholders' funds
929,575
928,926
For the year ending 31 December 2021 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered 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 profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 22 September 2022 and were signed on its behalf by
C N Oakes
Director
Company Registration No. 05000556
Huntsmere Limited
Notes to the Accounts
for the year ended 31 December 2021
Huntsmere Limited is a private company, limited by shares, registered in England and Wales, registration number 05000556. The registered office is Waterfall House, 33a Macclesfield Road, Wilmslow, Cheshire, SK9 2AF.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Fixtures & fittings
20% per annum on a straight line basis
Inventories have been valued at the lower of cost and estimated selling price less costs to complete and sell. In respect of work in progress and finished goods, cost includes a relevant proportion of overheads according to the stage of manufacturing/completion.
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws.
Deferred tax assets and liabilities are not discounted.
The company operates a defined contribution scheme for the benefit of its employees. Contributions payable are recognised in the profit and loss account when due.
Huntsmere Limited
Notes to the Accounts
for the year ended 31 December 2021
4
Tangible fixed assets
Fixtures & fittings
5
Debtors: amounts falling due within one year
2021
2020
Trade debtors
238,496
240,658
Amounts due from group undertakings etc.
836,000
885,000
6
Creditors: amounts falling due within one year
2021
2020
Trade creditors
132,126
158,373
Taxes and social security
3,228
-
Loans from directors
20,584
263,303
Allotted, called up and fully paid:
602 Ordinary shares of £1 each
602
602
8
Transactions with related parties
Mr C Oakes is a director and ultimate shareholder of both Huntsmere Limited and Luxury Ravenwood Limited.
Huntsmere Limited made a loan to Luxury Ravenwood Limited, at the balance sheet date the amount outstanding was £336,000 (2020 - £885,000) which is subject to interest at a commercial rate and is repayable upon demand.
Mr C Oakes is a director and ultimate shareholder of both Huntsmere Limited and Lusso Properties Limited.
Huntsmere Limited made a loan to Lusso Properties Limited, at the balance sheet date the amount outstanding was £500,000 (2020 - £Nil) which is subject to interest at a commercial rate and is repayable upon demand.
Huntsmere Limited
Notes to the Accounts
for the year ended 31 December 2021
The company is 100% owned by Luxury Personal Holdings Limited, a company regiserted in Engalnd and wales under company number 11236987
10
Average number of employees
During the year the average number of employees was 1 (2020: 1).
