Hill & Sons(Botley & Denmead)Limited - Limited company - abbreviated - 11.9

Hill & Sons(Botley & Denmead)Limited - Limited company - abbreviated - 11.9


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REGISTERED NUMBER: 00403721 (England and Wales)














ABBREVIATED UNAUDITED ACCOUNTS

FOR THE YEAR ENDED 30 JUNE 2015

FOR

HILL & SONS(BOTLEY & DENMEAD)LIMITED

HILL & SONS(BOTLEY & DENMEAD)LIMITED (REGISTERED NUMBER: 00403721)






CONTENTS OF THE ABBREVIATED ACCOUNTS
FOR THE YEAR ENDED 30 JUNE 2015




Page

Company Information 1

Abbreviated Balance Sheet 2

Notes to the Abbreviated Accounts 4

HILL & SONS(BOTLEY & DENMEAD)LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 30 JUNE 2015







DIRECTORS: Mr C D Cook
Mrs S Hill





SECRETARY: Mrs S Hill





REGISTERED OFFICE: Hillsons House, Hillsons Road
Bottings Industrial Estate
Botley
Southampton
SO30 2GE





REGISTERED NUMBER: 00403721 (England and Wales)





ACCOUNTANTS: Wilkins Kennedy LLP
Chartered Accountants
Athenia House
10-14 Andover Road
Winchester
SO23 7BS

HILL & SONS(BOTLEY & DENMEAD)LIMITED (REGISTERED NUMBER: 00403721)

ABBREVIATED BALANCE SHEET
30 JUNE 2015

2015 2014
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 2 4,832 3,845
Investment property 3 2,200,000 2,200,000
2,204,832 2,203,845

CURRENT ASSETS
Debtors 67,630 45,686
Cash at bank 6,034 6,352
73,664 52,038
CREDITORS
Amounts falling due within one year 4 66,236 70,103
NET CURRENT ASSETS/(LIABILITIES) 7,428 (18,065 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

2,212,260

2,185,780

CREDITORS
Amounts falling due after more than one
year

4

682,585

703,898
NET ASSETS 1,529,675 1,481,882

CAPITAL AND RESERVES
Called up share capital 5 12,132 12,132
Revaluation reserve 901,579 901,579
Capital redemption reserve 7,168 7,168
Profit and loss account 608,796 561,003
SHAREHOLDERS' FUNDS 1,529,675 1,481,882

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 June 2015.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 June 2015 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.

HILL & SONS(BOTLEY & DENMEAD)LIMITED (REGISTERED NUMBER: 00403721)

ABBREVIATED BALANCE SHEET - continued
30 JUNE 2015


The abbreviated accounts have been prepared in accordance with the special provisions of Part 15 of the Companies Act 2006 relating to small companies.


The financial statements were approved by the Board of Directors on 18 March 2016 and were signed on its
behalf by:





Mrs S Hill - Director


HILL & SONS(BOTLEY & DENMEAD)LIMITED (REGISTERED NUMBER: 00403721)

NOTES TO THE ABBREVIATED ACCOUNTS
FOR THE YEAR ENDED 30 JUNE 2015

1. ACCOUNTING POLICIES

Accounting convention
The financial statements have been prepared under the historical cost convention as modified by the
revaluation of certain assets and in accordance with the Financial Reporting Standard for Smaller
Entities (effective April 2008).

Turnover
Turnover in the year represents rents receivable and sales of services, excluding Value Added Tax.

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

Plant and machinery - 20% on reducing balance
Motor vehicles - 25% on reducing balance

Investment property
Investment properties are shown at most recent valuation. Any aggregate surplus or deficit arising
from changes in market value is transferred to a revaluation reserve.

All properties are held for their investment potential and are not depreciated. This is a departure from
the requirements of the Companies Act 2006 which requires all properties to be depreciated. The
directors consider that to depreciate them would not give a true and fair view. Depreciation is only one
amongst many factors reflected in the valuation of properties and accordingly the amount of
depreciation which might otherwise have been charged cannot be separately identified or quantified.
The directors consider that this policy results in the accounts giving a true and fair view.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at
the balance sheet date. Deferred tax on properties that have been revalued is only provided where
there is a binding agreement for sale at the balance sheet date.

Revaluation reserve
Surpluses and deficits, to the extent that any deficit is regarded as temporary, arising from the
valuations of properties are taken direct to the revaluation reserve. Where a permanent diminution in
value of an individual property is identified, the deficit is eliminated first against any revaluation reserve
in respect of that property with any excess being charged to the profit and loss account. Valuation
surpluses or deficits realised on sale are transferred from the revaluation reserve to the profit and loss
account.

HILL & SONS(BOTLEY & DENMEAD)LIMITED (REGISTERED NUMBER: 00403721)

NOTES TO THE ABBREVIATED ACCOUNTS - continued
FOR THE YEAR ENDED 30 JUNE 2015

2. TANGIBLE FIXED ASSETS
Total
£   
COST
At 1 July 2014 13,904
Additions 2,200
At 30 June 2015 16,104
DEPRECIATION
At 1 July 2014 10,059
Charge for year 1,213
At 30 June 2015 11,272
NET BOOK VALUE
At 30 June 2015 4,832
At 30 June 2014 3,845

3. INVESTMENT PROPERTY
Total
£   
COST OR VALUATION
At 1 July 2014
and 30 June 2015 2,200,000
NET BOOK VALUE
At 30 June 2015 2,200,000
At 30 June 2014 2,200,000

4. CREDITORS

Creditors include an amount of £ 703,969 (2014 - £ 725,353 ) for which security has been given.

5. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2015 2014
value: £    £   
11,932 Ordinary shares £1 11,932 11,932
200 'B' Ordinary shares £1 200 200
12,132 12,132

HILL & SONS(BOTLEY & DENMEAD)LIMITED (REGISTERED NUMBER: 00403721)

NOTES TO THE ABBREVIATED ACCOUNTS - continued
FOR THE YEAR ENDED 30 JUNE 2015

6. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 30 June 2015 and
30 June 2014:

2015 2014
£    £   
Mrs S Hill and Mr C D Cook
Balance outstanding at start of year 2,413 -
Amounts advanced 79,460 2,413
Amounts repaid (51,508 ) -
Balance outstanding at end of year 30,365 2,413

The overdrawn directors loan account has been repaid since the year end by the payment of a
dividend.

7. DEFERRED TAXATION

If the freehold properties were disposed of at their revalued amounts the estimated corporation tax
payable at 21% would be £71,623.