Hunt Developments Holdings Limited |
Notes to the Accounts |
for the period from 19 August 2016 to 30 April 2017 |
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1 |
Accounting policies |
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Basis of preparation |
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The accounts have been prepared under the historical cost convention, as modified for the revaluation of investments, 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). |
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These accounts present information about about Hunt Development Holdings Limited only and not about its group. Group accounts are not prepared as the company is part of a small group. |
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Investments |
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Investments in subsidiaries, associates and joint ventures are measured at fair value. Changes in fair value are included in the profit and loss account. |
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Taxation |
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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. |
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2 |
Employees |
2017 |
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Number |
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Average number of persons employed by the company |
2 |
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3 |
Investments |
Investments in |
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subsidiary |
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undertakings |
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£ |
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Fair value |
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Additions |
2,282,353 |
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Revaluation |
70,599 |
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At 30 April 2017 |
2,352,952 |
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4 |
Merger reserve |
2017 |
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£ |
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Arising on restructuring |
2,282,327 |
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At 30 April 2017 |
2,282,327 |
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5 |
Related party transactions |
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The company was formed as part of a group restructure involving the following companies : |
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Hunt Developments Group Ltd |
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Hunt NAH Ltd |
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Hunt Developments (NAH) Ltd |
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Hunt Developments (SAH) Ltd |
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Charles Hunt (Holdings) Ltd |
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6 |
Other information |
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Hunt Developments Holdings Limited is a private company limited by shares and incorporated in England. Its registered office is: |
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17 Parkside Business Centre |
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Plumpton Road |
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Hoddesdon |
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England |
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EN11 0ES |
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7 |
Subsidiary undertaking |
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Name |
Country |
Capital and |
Profit/(Loss) |
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incorporated |
reserves |
for year |
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(100% owned) |
£ |
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£ |
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Hunt Developments Group Limited |
UK |
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2,352,952 |
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173,045 |