W.H. Hill & Son (Properties) Limited - Accounts to registrar (filleted) - small 17.3

REGISTERED NUMBER: 01301084 (England and Wales)

W.H. HILL & SON (PROPERTIES) LIMITED

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2017

Page

Company Information

1

Chartered Accountants' Report

2

Statement of Financial Position

3

Notes to the Financial Statements

5

DIRECTOR:

Mr. J.C. Hill

REGISTERED OFFICE:

121 Worcester Lane

Pedmore

Stourbridge

West Midlands

DY9 0SJ

REGISTERED NUMBER:

01301084 (England and Wales)

ACCOUNTANTS:

Folkes Worton LLP

15-17 Church Street

Stourbridge

West Midlands

DY8 1LU

BANKERS:

Lloyds Bank plc

134 High Street

Stourbridge

West Midlands

DY8 1DS

The following reproduces the text of the report prepared for the director in respect of the company's annual

unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file

a Statement of Financial Position. Readers are cautioned that the Statement of Comprehensive Income and

certain other primary statements and the Report of the Director are not required to be filed with the Registrar of

Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the

financial statements of W.H. Hill & Son (Properties) Limited for the year ended 31 March 2017 which comprise the

Income Statement, Statement of Financial Position and the related notes from the company's accounting records and

from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the director of W.H. Hill & Son (Properties) Limited in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of W.H. Hill & Son (Properties) Limited and state those matters that we have agreed to state to the director of W.H. Hill & Son (Properties) Limited in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than W.H. Hill & Son (Properties) Limited director for our work or for this report.

It is your duty to ensure that W.H. Hill & Son (Properties) Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and loss of W.H. Hill & Son (Properties) Limited. You consider that W.H. Hill & Son (Properties) Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of W.H. Hill & Son (Properties) Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.

Folkes Worton LLP

15-17 Church Street

Stourbridge

West Midlands

DY8 1LU

6 November 2017

FIXED ASSETS

Tangible assets

4

258,190

236,344

Investments

5

-

6,813

258,190

243,157

CURRENT ASSETS

Stocks

6

-

3,500

Debtors

7

-

12,164

-

15,664

CREDITORS

Amounts falling due within one year

8

671,678

179,443

NET CURRENT LIABILITIES

(671,678

)

(163,779

)

TOTAL ASSETS LESS CURRENT LIABILITIES

(413,488

)

79,378

CREDITORS

Amounts falling due after more than one year

9

1,507

469,638

NET LIABILITIES

(414,995

)

(390,260

)

CAPITAL AND RESERVES

Called up share capital

7,000

7,000

Fair value reserve

10

-

752

Retained earnings

(421,995

)

(398,012

)

SHAREHOLDERS' FUNDS

(414,995

)

(390,260

)

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2017.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2017 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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 of Part 15 of the Companies Act 2006 relating to small companies.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the director on 6 November 2017 and were signed by:

Mr. J.C. Hill - Director

1.	STATUTORY INFORMATION

W.H. Hill & Son (Properties) 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 the provisions of Section 1A "Small Entities" of Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention as modified by the revaluation of certain assets.

Preparation of consolidated financial statements

The financial statements contain information about W.H. Hill & Son (Properties) Limited as an individual

company and do not contain consolidated financial information as the parent of a group. The company has taken

the option under Section 398 of the Companies Act 2006 not to prepare consolidated financial statements.

Turnover

Turnover represents net sales of goods/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.

Freehold property

-

Straight line over 48 years

Motor vehicles

-

25% on reducing balance

Investments in subsidiaries

Investments in subsidiary undertakings are recognised at cost.

Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow

moving items.

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.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the

statement of financial position date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from

those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that

have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the

timing difference.

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.

Government grants

Grants are credited to deferred revenue. Grants towards capital expenditure are released to the profit and loss

account over the expected useful life of the assets. Grants towards revenue expenditure are released to the profit

and loss account as the related expenditure is incurred.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 .

4.	TANGIBLE FIXED ASSETS

The residual value of the companies freehold property has previously been over depreciated in error. The

adjustment in depreciation in the current year recognises the residual value left at the end of the year.

5.	FIXED ASSET INVESTMENTS

Other

investments

£

COST OR VALUATION

At 1 April 2016

6,813

Additions

5

Disposals

(12,428

)

Revaluations

5,610

At 31 March 2017

-

NET BOOK VALUE

At 31 March 2017

-

At 31 March 2016

6,813

Cost or valuation at 31 March 2017 is represented by:

Other

investments

£

Valuation in 2014

7,877

Valuation in 2015

1,488

Valuation in 2016

(8,648

)

Valuation in 2017

(717

)

6.

STOCKS

2017

2016

£

£

Finished goods

-

3,500

7.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2017

2016

£

£

Trade debtors

-

10,000

Other debtors

-

2,164

-

12,164

8.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2017

2016

£

£

Bank loans and overdrafts

-

146,353

Amounts owed to group undertakings

-

1,472

Taxation and social security

-

24,150

Other creditors

671,678

7,468

671,678

179,443

9.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2017

2016

£

£

Bank loans

1,507

1,507

Other creditors

-

468,131

1,507

469,638

Amounts falling due in more than five years:

Repayable otherwise than by instalments

Other loans more 5yrs non-inst

-

463,331

10.

RESERVES

Fair

value

reserve

£

At 1 April 2016

752

Restatement to fair value

(752

)

At 31 March 2017

-