| Hunt Developments (SAH) Limited |
| Registered number: |
10338394 |
| Balance Sheet |
| as at 30 April 2023 |
|
| Notes |
|
|
2023 |
|
|
2022 |
| £ |
£ |
| Fixed assets |
| Tangible assets |
4 |
|
|
1,073,880 |
|
|
1,073,880 |
|
| Current assets |
| Debtors |
5 |
|
18,217 |
|
|
13,793 |
| Cash at bank and in hand |
|
|
15,422 |
|
|
40,371 |
|
|
|
33,639 |
|
|
54,164 |
|
| Creditors: amounts falling due within one year |
6 |
|
(31,128) |
|
|
(33,198) |
|
| Net current assets |
|
|
|
2,511 |
|
|
20,966 |
|
| Total assets less current liabilities |
|
|
|
1,076,391 |
|
|
1,094,846 |
|
|
| Provisions for liabilities - |
|
|
|
(118,583) |
|
|
(118,583) |
| deferred tax |
|
| Net assets |
|
|
|
957,808 |
|
|
976,263 |
|
|
|
|
|
|
|
|
| Capital and reserves |
| Called up share capital |
|
|
|
808,073 |
|
|
808,073 |
| Profit and loss account |
|
|
|
149,735 |
|
|
168,190 |
|
| Shareholder's funds |
|
|
|
957,808 |
|
|
976,263 |
|
|
|
|
|
|
|
|
| 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 18 January 2024 |
|
| Hunt Developments (SAH) Limited |
| Notes to the Accounts |
| for the year ended 30 April 2023 |
|
|
|
|
| 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 comprises rents receivable and management fees. |
|
|
Tangible fixed assets |
|
Investment property is included at cost which is equivalent to 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 |
2023 |
|
2022 |
| Number |
Number |
|
|
Average number of persons employed by the company |
1 |
|
1 |
|
|
|
|
|
|
|
|
|
|
| 3 |
Taxation |
2023 |
|
2022 |
| £ |
£ |
|
Current corporation tax at 19.5% (2022: 19%) on the profit for the year |
5,555 |
|
6,854 |
|
Deferred taxation : |
|
Effect of increase in the rate of tax |
- |
|
2,235 |
|
Charge for the year |
- |
|
7,079 |
|
|
|
|
|
|
5,555 |
|
16,168 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| 4 |
Tangible fixed assets |
|
|
|
|
|
|
|
|
Investment properties |
| £ |
|
Fair value |
|
At 1 May 2022 |
1,073,880 |
|
At 30 April 2023 |
1,073,880 |
|
|
|
|
|
|
|
|
|
|
Depreciation |
|
At 30 April 2023 |
- |
|
|
|
|
|
|
|
|
|
|
Net book value |
|
At 30 April 2023 |
1,073,880 |
|
At 30 April 2022 |
1,073,880 |
|
|
The basis of valuation is market value which is equivalent to fair value. |
|
|
| 5 |
Debtors |
2023 |
|
2022 |
| £ |
£ |
|
|
Trade debtors |
12,814 |
|
10,998 |
|
Amounts owed by group undertakings and undertakings in which the company has a participating interest |
|
5,403 |
|
2,795 |
|
|
|
|
|
|
18,217 |
|
13,793 |
|
|
|
|
|
|
|
|
|
|
| 6 |
Creditors: amounts falling due within one year |
2023 |
|
2022 |
| £ |
£ |
|
|
Trade creditors |
4,652 |
|
4,880 |
|
Taxation and social security costs |
5,555 |
|
6,169 |
|
Other creditors |
20,921 |
|
22,149 |
|
|
|
|
|
|
31,128 |
|
33,198 |
|
|
|
|
|
|
|
|
|
| 7 |
Provision for liabilities |
2023 |
|
2022 |
|
Deferred taxation |
£ |
£ |
|
|
A 1 May 2022 |
118,583 |
|
109,269 |
|
Charge for the year to the profit and loss account |
- |
|
9,314 |
|
At 30 April 2023 |
118,583 |
|
118,583 |
|
|
|
|
|
|
|
|
|
|
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%. |
|
|
As legislated by the 2021 Finance Act, the rate of corporation tax increased in 2023 to a maximum of 25%. |
|
|
| 8 |
Controlling party |
|
The company is a wholly owned subsidiary of Hunt Developments (Aust) Pty. Limited |
|
The registered office is: 54 Hawthorne Street,Roma,Queensland 4455, Australia. |
|
The ultimate controlling party is Mr Stuart Hunt and Mrs Danuta Hunt, resident in Australia. |
|
|
| 9 |
Other information |
|
|
Hunt Developments (SAH) 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 |
