| Hunt Developments (NAH) Limited |
| Registered number: |
03513312 |
| Balance Sheet |
| as at 30 April 2017 |
|
| Notes |
|
|
2017 |
|
|
2016 |
| £ |
£ |
| Fixed assets |
| Investment properties |
3 |
|
|
905,050 |
|
|
2,697,375 |
|
| Current assets |
| Debtors |
4 |
|
19,027 |
|
|
23,967 |
| Cash at bank and in hand |
|
|
31,708 |
|
|
46,359 |
|
|
|
50,735 |
|
|
70,326 |
|
| Creditors: amounts falling due within one year |
5 |
|
(60,183) |
|
|
(150,110) |
|
| Net current liabilities |
|
|
|
(9,448) |
|
|
(79,784) |
|
| Total assets less current liabilities |
|
|
|
895,602 |
|
|
2,617,591 |
|
|
| Provisions for liabilities - deferred tax |
|
|
|
(66,288) |
|
|
(223,584) |
|
|
| Net assets |
|
|
|
829,314 |
|
|
2,394,007 |
|
|
|
|
|
|
|
|
| Capital and reserves |
| Called up share capital |
|
|
|
3 |
|
|
3,000 |
| Profit and loss account |
|
|
|
829,311 |
|
|
2,391,007 |
|
| Shareholder's funds |
|
|
|
829,314 |
|
|
2,394,007 |
|
|
|
|
|
|
|
|
| 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 22 January 2018 |
|
| Hunt Developments (NAH) Limited |
| Notes to the Accounts |
| for the year ended 30 April 2017 |
|
| 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 represents rents, management charges and recharged property costs receivable. |
|
|
Tangible fixed assets |
|
Investment property is included at fair value. Gains are recognised in profit and loss account. Deferred taxation is provided on these gainsat 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 |
2017 |
|
2016 |
| Number |
Number |
|
|
Average number of persons employed by the company |
2 |
|
2 |
|
|
|
|
|
|
|
|
|
| 3 |
Investment properties |
|
|
|
|
|
|
|
|
Land and buildings |
| £ |
|
Fair value |
|
At 1 May 2016 |
2,697,375 |
|
Disposals on restructuring |
(1,792,325) |
|
At 30 April 2017 |
905,050 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Net book value |
|
At 30 April 2017 |
905,050 |
|
At 30 April 2016 |
2,697,375 |
|
Investment properties were last revalued at 30 April 2016 by locally based independent valuers, |
|
Bowyer Bryce, Chartered surveyors and commercial property consultants. The basis of valuation |
|
is market value which is equivalent to fair value. |
|
| 4 |
Debtors |
2017 |
|
2016 |
| £ |
£ |
|
|
Trade debtors |
9,271 |
|
23,967 |
|
Amounts owed by group undertakings and undertakings in which the company has a participating interest |
|
8,956 |
|
- |
|
Other debtors |
800 |
|
- |
|
|
|
|
|
|
19,027 |
|
23,967 |
|
|
|
|
|
|
|
|
|
|
| 5 |
Creditors: amounts falling due within one year |
2017 |
|
2016 |
| £ |
£ |
|
|
Bank overdrafts |
3,852 |
|
17,210 |
|
Loans from directors and associates |
82 |
|
49,671 |
|
Trade creditors |
7,049 |
|
11,002 |
|
Amounts owed to group undertakings and undertakings in which the company has a participating interest |
|
20,421 |
|
10,605 |
|
Taxation and social security costs |
17,993 |
|
28,633 |
|
Other creditors |
10,786 |
|
32,989 |
|
|
|
|
|
|
60,183 |
|
150,110 |
|
Overdrafts are secured by charges over properties |
|
| 6 |
Related party transactions |
|
|
Part of the property portfolio was transferred out of the company as part of a group restructure involving the following companies: |
|
Hunt Developments Holdings Ltd |
|
Hunt Developments Group Ltd |
|
Hunt NAH Ltd |
|
Charles Hunt (Holdings) Limited |
|
Hunt Developments (SAH) Ltd |
|
|
|
| 7 |
Controlling party |
|
The company is a wholly owned subsidiary of Hunt NAH Limited.
The registered address and place of business is:
17 Parkside Business Centre
Plumpton Road
Hoddesdon
Hertfordshire
EN11 0ES
|
|
The registered address and place of business is: |
|
17 Parkside Business Centre |
|
Plumpton Road |
|
Hoddesdon |
|
EN11 0ES |
|
|
|
|
| 8 |
Other information |
|
|
Hunt Developments (NAH) Limited is a private company limited by shares and incorporated in England. Its registered office is: |
|
17 Parkside Business Centre |
|
Plumpton Road |
|
Hoddesdon |
|
EN11 0ES |
