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REGISTERED NUMBER: 00095096 (England and Wales)



















Unaudited Financial Statements

for the Year Ended 31 March 2017

for

W J Hiscock & Son Limited

W J Hiscock & Son Limited (Registered number: 00095096)






Contents of the Financial Statements
for the Year Ended 31 March 2017




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


W J Hiscock & Son Limited

Company Information
for the Year Ended 31 March 2017







DIRECTORS: A M Willis
Mrs Y S Willis
S P Wood
Miss S Willis
S Willis





REGISTERED OFFICE: Masson View
Spout Lane
Tansley
Matlock
DE4 5FU





REGISTERED NUMBER: 00095096 (England and Wales)





ACCOUNTANTS: Bates Weston LLP
Chartered Accountants
The Mills
Canal Street
Derby
DE1 2RJ

W J Hiscock & Son Limited (Registered number: 00095096)

Balance Sheet
31 March 2017

2017 2016
Notes £    £    £    £   
FIXED ASSETS
Investment property 4 3,722,000 3,738,985

CURRENT ASSETS
Stocks 363,651 -
Debtors 5 17,100 14,300
Cash at bank 237,079 266,958
617,830 281,258
CREDITORS
Amounts falling due within one year 6 117,916 171,155
NET CURRENT ASSETS 499,914 110,103
TOTAL ASSETS LESS CURRENT
LIABILITIES

4,221,914

3,849,088

CREDITORS
Amounts falling due after more than one
year

7

(2,309,416

)

(1,962,890

)

PROVISIONS FOR LIABILITIES (119,000 ) (104,000 )
NET ASSETS 1,793,498 1,782,198

CAPITAL AND RESERVES
Called up share capital 25,065 25,065
Revaluation reserve 9 1,137,013 1,168,998
Retained earnings 9 631,420 588,135
SHAREHOLDERS' FUNDS 1,793,498 1,782,198

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.

W J Hiscock & Son Limited (Registered number: 00095096)

Balance Sheet - continued
31 March 2017


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 Profit and Loss Account has not been delivered.

The financial statements were approved by the Board of Directors on 31 August 2017 and were signed on its
behalf by:





A M Willis - Director


W J Hiscock & Son Limited (Registered number: 00095096)

Notes to the Financial Statements
for the Year Ended 31 March 2017

1. STATUTORY INFORMATION

W J Hiscock & Son 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 the value for use of premises supplied during the year. Fees receivable and
services for the use of premises are accounted for in the year in which the services are provided.

Investment property
Investment property is not depreciated but is revalued annually at its market value, in accordance with
Financial Reporting Standard 102, which is contrary to the requirement of the Companies Act 2006 for
all fixed assets to be depreciated. This is necessary for the financial statements to show a true and fair
view. Any aggregate surplus or deficit arising from changes in market value is transferred to a
revaluation reserve. The effect of this departure is given in the investment property notes.

Work in progress
Work in progress represents the cost of land and all relevant development costs to date, valued at the
lower of cost and net realisable value.

Cost is based on purchase invoice price and net realisable value is based on the estimated selling
price less further costs expected to be incurred to completion and disposal.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Profit and Loss
Account, except to the extent that it relates to items recognised in other comprehensive income or
directly in equity.

Deferred tax
Provision is made at current rates for taxation deferred in respect of all material timing differences,
including provisions made for potential tax arising on assets which have been revalued.

Pension costs and other post-retirement benefits
The company operates defined benefit contribution schemes. Contributions payable to the company's
pension schemes are charged to the profit and loss account in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 5 (2016 - 5 ) .

W J Hiscock & Son Limited (Registered number: 00095096)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2017

4. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 April 2016 3,738,985
Revaluations (16,985 )
At 31 March 2017 3,722,000
NET BOOK VALUE
At 31 March 2017 3,722,000
At 31 March 2016 3,738,985

Cost or valuation at 31 March 2017 is represented by:

£   
Valuation in 2017 3,722,000

If investment property had not been revalued it would have been included at the following historical
cost:

2017 2016
£    £   
Cost 2,465,987 2,465,987
Aggregate depreciation (604,452 ) (555,132 )

Investment property was valued on a fair value basis on 31 March 2017 by the directors .

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2017 2016
£    £   
Other debtors 2,100 2,300
Prepayments and accrued income 15,000 12,000
17,100 14,300

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2017 2016
£    £   
Bank loans and overdrafts 13,474 70,000
Tax 15,985 13,130
Social security and other taxes 11,431 11,570
Accruals and deferred income 77,026 76,455
117,916 171,155

W J Hiscock & Son Limited (Registered number: 00095096)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2017

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2017 2016
£    £   
Bank loans due in 1 to 5 years 418,285 280,000
Bank loans due in more than 5 years 1,751,131 1,542,890
Other loans - 2-5 years 140,000 140,000
2,309,416 1,962,890

Amounts falling due in more than five years:

Repayable by instalments
Bank loans due in more than 5 years 1,751,131 1,542,890

8. SECURED DEBTS

The following secured debts are included within creditors:

2017 2016
£    £   
Bank loans 2,182,890 1,892,890

Debts are secured on investment property.

9. RESERVES
Retained Revaluation
earnings reserve Totals
£    £    £   

At 1 April 2016 588,135 1,168,998 1,757,133
Profit for the year 47,535 - 47,535
Dividends (19,250 ) - (19,250 )
Unrealised losses on revaluation - (16,985 ) (16,985 )
Transfer deferred tax movement 15,000 (15,000 ) -
At 31 March 2017 631,420 1,137,013 1,768,433