Peter Hilton (Wickham) Ltd - Accounts to registrar (filleted)

REGISTERED NUMBER: 01347897 (England and Wales)

Unaudited Financial Statements for the Year Ended 31 August 2017

for

Peter Hilton (Wickham) Ltd

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

P A Hilton

Mrs T L Nash

REGISTERED OFFICE:

Unit 33

Abbey Enterprise Centre

Premier Way

Romsey

Hampshire

SO51 9DF

REGISTERED NUMBER:

01347897 (England and Wales)

ACCOUNTANT:

K A Sennitt FCA CTA

Chartered Accountant

The Newport

Newport Lane

Braishfield, Romsey

Hampshire

SO51 0PL

FIXED ASSETS

Tangible assets

4

2,473

1,369

Investments

5

1,000,000

Investment property

6

245,668

244,000

1,248,141

1,245,369

CURRENT ASSETS

Work in Progress

2,544,473

1,578,297

Debtors

7

56,026

80,097

Investments

8

261,000

480,000

Cash at bank and in hand

904,875

1,296,851

3,766,374

3,435,245

CREDITORS

Amounts falling due within one year

9

517,831

825,493

NET CURRENT ASSETS

3,248,543

2,609,752

TOTAL ASSETS LESS CURRENT
LIABILITIES

4,496,684

3,855,121

CAPITAL AND RESERVES

Called up share capital

10,000

Retained earnings

4,486,684

3,845,121

SHAREHOLDERS' FUNDS

4,496,684

3,855,121

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 August 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 30 May 2018 and were signed on its
behalf by:

P A Hilton - Director

1.	STATUTORY INFORMATION

Peter Hilton (Wickham) Ltd 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.

First year adoption of Financial Reporting Standard 102 ( FRS 102) Section 1A

These financial statements for the year ended 31 August 2017 are the first that are prepared in

accordance with FRS 102 Section 1A. The previous financial statements were prepared in accordance

with UK GAAP, the date of transition to FRS 102 Section 1A is 1 March 2015.

No transitional adjustments were required in equity or profit or loss for the year.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding

discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets

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

Fixtures and fittings

-

15% on cost

Computer equipment

-

15% on 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.

Stocks

Work in progress is valued at the lower of cost and net realisable value.

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and

handling costs in bringing work in progress to their present location and condition.

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.

Pension costs and other post-retirement benefits

The company operates a defined contribution pension scheme. Contributions payable to the

company's pension scheme are charged to profit or loss in the period to which they relate.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 .

4.	TANGIBLE FIXED ASSETS

Fixtures

and

Computer

fittings

equipment

Totals

£

COST

At 1 September 2016

-

4,486

Additions

1,355

625

1,980

Disposals

-

(1,598

)

(1,598

)

At 31 August 2017

1,355

3,513

4,868

DEPRECIATION

At 1 September 2016

-

3,117

Charge for year

203

527

730

Eliminated on disposal

-

(1,452

)

(1,452

)

At 31 August 2017

203

2,192

2,395

NET BOOK VALUE

At 31 August 2017

1,152

1,321

2,473

At 31 August 2016

-

1,369

5.	FIXED ASSET INVESTMENTS

Other

investments

£

COST

At 1 September 2016

and 31 August 2017

1,000,000

NET BOOK VALUE

At 31 August 2017

1,000,000

At 31 August 2016

1,000,000

6.	INVESTMENT PROPERTY

Total

£

FAIR VALUE

At 1 September 2016

244,000

Additions

1,668

At 31 August 2017

245,668

NET BOOK VALUE

At 31 August 2017

245,668

At 31 August 2016

244,000

Fair value at 31 August 2017 is represented by:

£

Valuation in 2017

245,668

Investment property was valued on an open market basis on 31 August 2017 by the directors .

The freehold property has been reclassified as an investment property and moved from tangible fixed

assets.

7.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2017

2016

£

Trade debtors

10,820

Other debtors

45,206

69,277

56,026

80,097

8.	CURRENT ASSET INVESTMENTS

2017

2016

£

Other loans

261,000

480,000

9.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2017

2016

£

Trade creditors

6,132

5,848

Taxation and social security

157,392

585,811

Other creditors

354,307

233,834

517,831

825,493

10.	ULTIMATE CONTROLLING PARTY

The controlling party is P A Hilton.

The ultimate controlling party is P A Hilton.

Peter Hilton (Wickham) Ltd - Accounts to registrar (filleted) - small 17.3

Peter Hilton (Wickham) Ltd - Accounts to registrar (filleted) - small 17.3