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REGISTERED NUMBER: 00095096 (England and Wales)



















Financial Statements

for the Year Ended 31 March 2018

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 2018




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 2018







DIRECTORS: Mr A M Willis
Mrs Y S Willis
Mr S P Wood
Miss S Willis
Mr 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 2018

2018 2017
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 1,208 -
Investment property 5 4,043,000 3,722,000
4,044,208 3,722,000

CURRENT ASSETS
Stocks 506,455 363,651
Debtors 6 14,000 17,100
Cash at bank 68,568 237,079
589,023 617,830
CREDITORS
Amounts falling due within one year 7 472,772 117,916
NET CURRENT ASSETS 116,251 499,914
TOTAL ASSETS LESS CURRENT
LIABILITIES

4,160,459

4,221,914

CREDITORS
Amounts falling due after more than one
year

8

(2,215,863

)

(2,309,416

)

PROVISIONS FOR LIABILITIES (114,000 ) (119,000 )
NET ASSETS 1,830,596 1,793,498

CAPITAL AND RESERVES
Called up share capital 25,065 25,065
Revaluation reserve 10 1,142,013 1,137,013
Retained earnings 10 663,518 631,420
SHAREHOLDERS' FUNDS 1,830,596 1,793,498

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2018.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2018 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 2018


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 3 July 2018 and were signed on its
behalf by:





Mr A M Willis - Director


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

Notes to the Financial Statements
for the Year Ended 31 March 2018

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 fair value, in accordance with the
Financial Reporting Standard 102 (Section 1a). Any aggregate surplus or deficit arising from changes
in fair value are taken to the profit and loss account and transferred to a revaluation reserve.

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.

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 (2017 - 5 ) .

4. TANGIBLE FIXED ASSETS
Computer
equipment
£   
COST
Additions 1,669
At 31 March 2018 1,669
DEPRECIATION
Charge for year 461
At 31 March 2018 461
NET BOOK VALUE
At 31 March 2018 1,208

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

Notes to the Financial Statements - continued
for the Year Ended 31 March 2018

5. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 April 2017 3,722,000
Additions 321,000
At 31 March 2018 4,043,000
NET BOOK VALUE
At 31 March 2018 4,043,000
At 31 March 2017 3,722,000

Fair value at 31 March 2018 is represented by:

£   
Valuation in 2018 4,043,000

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

2018 2017
£    £   
Cost 2,786,987 2,465,987
Aggregate depreciation (656,412 ) (604,452 )

Investment property was valued on a fair value basis on 31 March 2018 by the directors .

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2018 2017
£    £   
Other debtors - 2,100
Prepayments and accrued income 14,000 15,000
14,000 17,100

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2018 2017
£    £   
Bank loans and overdrafts 362,027 13,474
Tax 13,361 15,985
Social security and other taxes 12,870 11,431
Accruals and deferred income 84,514 77,026
472,772 117,916

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

Notes to the Financial Statements - continued
for the Year Ended 31 March 2018

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2018 2017
£    £   
Bank loans 2,075,863 2,169,416
Other loans 140,000 140,000
2,215,863 2,309,416

9. SECURED DEBTS

The following secured debts are included within creditors:

2018 2017
£    £   
Bank loans 2,437,890 2,182,890

10. RESERVES
Retained Revaluation
earnings reserve Totals
£    £    £   

At 1 April 2017 631,420 1,137,013 1,768,433
Profit for the year 55,152 - 55,152
Dividends (18,054 ) - (18,054 )
Transfer deferred tax movement (5,000 ) 5,000 -
At 31 March 2018 663,518 1,142,013 1,805,531