Hunnings Homes Limited - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 11234832 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2021

FOR

HUNNINGS HOMES LIMITED

Page

Company Information

1

Statement of Financial Position

2

Notes to the Financial Statements

4

DIRECTORS:

Mr T J Cole

Mr J L Cole

Mr T Jeffes

Mr J S Cole

REGISTERED OFFICE:

26 Buckingham Mansions

Bath Road

Bournemouth

BH1 2PG

REGISTERED NUMBER:

11234832 (England and Wales)

ACCOUNTANTS:

Acuity Professional Partnership LLP

Unit 2.02

High Weald House

Glovers End

Bexhill

East Sussex

TN39 5ES

FIXED ASSETS

Investment property

4

957,500

65,832

CURRENT ASSETS

Debtors

5

23,416

5,180

Cash at bank

1,310

22,354

24,726

27,534

CREDITORS

Amounts falling due within one year

6

689,318

9,480

NET CURRENT (LIABILITIES)/ASSETS

(664,592

)

18,054

TOTAL ASSETS LESS CURRENT LIABILITIES

292,908

83,886

CREDITORS

Amounts falling due after more than one year

7

(251,472

)

-

PROVISIONS FOR LIABILITIES

9

(39,797

)

-

NET ASSETS

1,639

83,886

CAPITAL AND RESERVES

Called up share capital

10

100

100,000

Special reserve

11

169,662

-

Retained earnings

(168,123

)

(16,114

)

SHAREHOLDERS' FUNDS

1,639

83,886

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2021.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2021 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 and authorised for issue on 24 March 2022 and were signed on its behalf by:

Mr J S Cole - Director

1.	STATUTORY INFORMATION

Hunnings Homes 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 is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

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 statement of financial position date.

HIRE PURCHASE AND LEASING COMMITMENTS

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was NIL (2020 - NIL).

4.	INVESTMENT PROPERTY

Total

£

Fair value

At 1 April 2020

65,832

Additions

682,209

Revaluations

209,459

At 31 March 2021

957,500

Net book value

At 31 March 2021

957,500

At 31 March 2020

65,832

Fair value at 31 March 2021 is represented by:

£

Valuation in 2021

209,459

Cost

748,041

957,500

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2021

2020

£

£

Trade debtors

2,034

-

Other debtors

21,382

5,180

23,416

5,180

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2021

2020

£

£

Bank loans and overdrafts (see note 8)

8,333

-

Trade creditors

9,881

-

Other creditors

671,104

9,480

689,318

9,480

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2021

2020

£

£

Bank loans (see note 8)

251,472

-

2021

2020

£

£

Amounts falling due in more than five years:

Repayable otherwise than by instalments

Bank loans more 5 yrs non-inst

209,805

-

Repayable by instalments

Bank loans more 5 yr by instal

1,667

-

8.

LOANS

An analysis of the maturity of loans is given below:

2021

2020

£

£

Amounts falling due within one year or on demand:

Bank loans

8,333

-

Amounts falling due between one and two years:

Bank loans - 1-2 years

10,000

-

Amounts falling due between two and five years:

Bank loans - 2-5 years

30,000

-

Amounts falling due in more than five years:

Repayable otherwise than by instalments

Bank loans more 5 yrs non-inst

209,805

-

Repayable by instalments

Bank loans more 5 yr by instal

1,667

-

9.	PROVISIONS FOR LIABILITIES

2021

2020

£

£

Deferred tax

39,797

-

Deferred

tax

£

Provided during year

39,797

Balance at 31 March 2021

39,797

10.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2021

2020

value:

£

£

25

Ordinary

£1

25

100,000

25

Ordinary A

£1

25

-

50

Ordinary B & C

£1

50

-

100

100,000

11.

RESERVES

Special reserve

The special reserves comprise the balance of fair values relating to the investment property net of deferred tax on the gain. This reserve is non-distributable.

Profit and loss account

The profit and loss account comprise the balance of profits accumulated over the life of the company. This reserve is distributable.