A.v. Hurst & Sons (Fobbing) Limited - Accounts to registrar (filleted) - small 17.3

REGISTERED NUMBER: 01206399 (England and Wales)

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2017

FOR

A.V. HURST & SONS (FOBBING) LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

Chartered Accountants' Report

7

DIRECTORS:

S B Hurst

R A Hurst

G A Nash

L R C Hurst

SECRETARY:

S B Hurst

REGISTERED OFFICE:

Turnpike House

1208/1210 London Road

Leigh on Sea

Essex

SS9 2UA

REGISTERED NUMBER:

01206399 (England and Wales)

ACCOUNTANTS:

Segrave & Partners LLP

Chartered Accountants

Turnpike House

1208/1210 London Road

Leigh on Sea

Essex

SS9 2UA

FIXED ASSETS

Tangible assets

4

6,758

8,181

Investment property

5

5,165,000

4,965,000

5,171,758

4,973,181

CURRENT ASSETS

Debtors

6

7,146

12,343

Cash at bank

243,295

285,772

250,441

298,115

CREDITORS

Amounts falling due within one year

7

66,342

58,612

NET CURRENT ASSETS

184,099

239,503

TOTAL ASSETS LESS CURRENT LIABILITIES

5,355,857

5,212,684

PROVISIONS FOR LIABILITIES

8

553,323

529,076

NET ASSETS

4,802,534

4,683,608

CAPITAL AND RESERVES

Called up share capital

300

300

Retained earnings

4,802,234

4,683,308

SHAREHOLDERS' FUNDS

4,802,534

4,683,608

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 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 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 Board of Directors on 19 December 2017 and were signed on its behalf by:

S B Hurst - Director

G A Nash - Director

1.	STATUTORY INFORMATION

A.v. Hurst & Sons (Fobbing) 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.

Turnover

Turnover represents rents receivable.

Tangible fixed assets

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

Fixtures & fittings

-

20% on reducing balance

Motor vehicles

-

20% on reducing balance

Computer equipment

-

25% on cost

No depreciation is provided on Freehold Property and related improvements as in the opinion of the directors',

their present value exceeds their original cost.

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 balance sheet date.

Deferred tax

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

sheet 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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 .

4.	TANGIBLE FIXED ASSETS

Fixtures

Motor

Computer

& fittings

vehicles

equipment

Totals

£

£

£

£

COST

At 1 April 2016

20,996

14,158

1,409

36,563

Additions

-

-

300

300

At 31 March 2017

20,996

14,158

1,709

36,863

DEPRECIATION

At 1 April 2016

20,147

6,908

1,327

28,382

Charge for year

170

1,450

103

1,723

At 31 March 2017

20,317

8,358

1,430

30,105

NET BOOK VALUE

At 31 March 2017

679

5,800

279

6,758

At 31 March 2016

849

7,250

82

8,181

5.	INVESTMENT PROPERTY

Total

£

FAIR VALUE

At 1 April 2016

4,965,000

Revaluations

200,000

At 31 March 2017

5,165,000

NET BOOK VALUE

At 31 March 2017

5,165,000

At 31 March 2016

4,965,000

Fair value at 31 March 2017 is represented by:

£

Valuation in 2015

4,056,955

Valuation in 2016

236,000

Valuation in 2017

200,000

Cost

672,045

5,165,000

The company sought a professional and independent valuation of the properties as at 31st March 2017.

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2017

2016

£

£

Other debtors

7,146

12,343

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2017

2016

£

£

Bank loans & overdrafts

4,854

3,766

Tax

15,399

14,809

Social security & other taxes

1,800

2,680

Other creditors & accruals

38,051

33,342

Directors' current accounts

6,238

4,015

66,342

58,612

8.	PROVISIONS FOR LIABILITIES

2017

2016

£

£

Deferred tax

553,323

529,076

Deferred

tax

£

Balance at 1 April 2016

529,076

Provided during year

24,247

Balance at 31 March 2017

553,323

9.	RETAINED EARNINGS

Investment

Profit and loss

property

reserves

revaluation

Total

Balance brought forward

919,429

3,763,879

4,683,308

Movement in year

(56,827

)

175,753

118,926

Balance carried forward

£862,602

£3,939,632

£4,802,234

The following reproduces the text of the report prepared for the directors 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 Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the

Report of the Directors 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 A.v. Hurst & Sons (Fobbing) Limited for the year ended 31 March 2017 which comprise the

Income Statement, Balance Sheet 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 Board of Directors of A.v. Hurst & Sons (Fobbing) Limited, as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of A.v. Hurst & Sons (Fobbing) Limited and state those matters that we have agreed to state to the Board of Directors of A.v. Hurst & Sons (Fobbing) Limited, as a body, 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 A.v. Hurst & Sons (Fobbing) Limited Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that A.v. Hurst & Sons (Fobbing) 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 profit of A.v. Hurst & Sons (Fobbing) Limited. You consider that A.v. Hurst & Sons (Fobbing) 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 A.v. Hurst & Sons (Fobbing) 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.

Segrave & Partners LLP

Chartered Accountants

Turnpike House

1208/1210 London Road

Leigh on Sea

Essex

SS9 2UA

20 December 2017