Hunt Developments (NAH) Limited - Filleted accounts

HUNT DEVELOPMENTS (NAH) LTD - Company Information

Registered number

03513312

Hunt Developments (NAH) Limited

Unaudited Filleted Accounts

30 April 2022

Hunt Developments (NAH) Limited
Registered number:		03513312
Balance Sheet
as at 30 April 2022

Notes			2022			2021
£				£
Fixed assets
Investment properties	4		1,093,188			1,047,319

Current assets
Debtors	5	236,916			110,827
Cash at bank and in hand		109,315			170,334
		346,231			281,161

Creditors: amounts falling due within one year	6	(36,477)			(36,870)

Net current assets			309,754			244,291

Total assets less current liabilities			1,402,942			1,291,610


Provisions for liabilities - deferred tax			(104,786)			(93,319)


Net assets			1,298,156			1,198,291

Capital and reserves
Called up share capital			3			3
Profit and loss account			1,298,153			1,198,288

Shareholder's funds			1,298,156			1,198,291

The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The member has not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.




N A Hunt
Director
Approved by the board on 9 December 2022

Hunt Developments (NAH) Limited
Notes to the Accounts
for the year ended 30 April 2022




1	Accounting policies

	Basis of preparation
	The accounts have been prepared under the historical cost convention, as modified for the revaluation of investment property and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).

	Turnover
	Turnover represents rents, management charges and recharged property costs receivable.

	Tangible fixed assets
	Investment property is included at fair value. Gains are recognised in profit and loss account. Deferred taxation is provided on these gains at the rate expected to apply when the property is sold.

	Taxation
	A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.


2	Employees	2022		2021
Number			Number

	Average number of persons employed by the company	2		2


3	Taxation	2022		2021
£			£
	Current corporation tax at 19% on the profit for the year	15,355		14,239
	Deferred taxation :
	Effect of increase in the rate of tax	2,752		-
	Charge for the year	8,715		20,381
		26,822		34,620






4	Investment properties
				Land and buildings
£
	Fair value
	At 1 May 2021			1,047,319
	Additions			-
	Surplus on revaluation			45,869
	At 30 April 2022			1,093,188

	Depreciation
	At 30 April 2022			-

	Net book value
	At 30 April 2022			1,093,188
	At 30 April 2021			1,047,319

	The basis of valuation is market value which is equivalent to fair value.

5	Debtors	2022		2021
£			£

	Trade debtors	11,573		11,344
	Amounts owed by group undertakings and undertakings in which the company has a participating interest	223,123		99,483
		236,916		110,827

6	Creditors: amounts falling due within one year	2022		2021
£			£

	Loans from directors and associates	1,005		994
	Trade creditors	6,657		6,990
	Amounts owed to group undertakings and undertakings in which the company has a participating interest	2,795		3,998
	Taxation and social security costs	15,355		14,239
	Other creditors	10,665		10,649
		36,477		36,870

7	Provision for liabilities	2022		2021
	Deferred taxation	£	£

	At 1 May 2021	93,319		72,938
	Charge for the year to the profit and loss account	11,467		20,381
	At 30 April 2022	104,786		93,319

	The provision for deferred taxation represents the corporation tax which would be payable should the Company sell its freehold property for the value shown in these accounts. The rate of tax used when calculating the provision is 25% (2021:19%).

	As legislated by the 2021 Finance Act, the rate of corporation tax will increase in 2023 to a maximum of 25%.

8	Controlling party
	The company is a wholly owned subsidiary of Hunt NAH Limited. The registered address and place of business is: 17 Parkside Business Centre Plumpton Road Hoddesdon Hertfordshire EN11 0ES

	The registered address and place of business of the parent company is the same as the company (Note 7).

	The ultimate holding company is Hunt Developments Holdings Limited

9	Other information

	Hunt Developments (NAH) Limited is a private company limited by shares and incorporated in England. Its registered office is:
	19 Parkside Business Centre
	Plumpton Road
	Hoddesdon
	EN11 0ES

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