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REGISTERED NUMBER: 03674545 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2023

FOR

HUTLEY GROUP (MANAGEMENT) LIMITED

HUTLEY GROUP (MANAGEMENT) LIMITED (REGISTERED NUMBER: 03674545)

CONTENTS OF THE FINANCIAL STATEMENTS
For The Year Ended 31 March 2023










Page

Company Information 1

Abridged Balance Sheet 2

Notes to the Financial Statements 3


HUTLEY GROUP (MANAGEMENT) LIMITED

COMPANY INFORMATION
For The Year Ended 31 March 2023







DIRECTORS: N P Hutley
P W Hutley (Deceased)
E T W Hutley
A M Hutley
C A M De Klee
H Fiddian-Green
O Hutley





REGISTERED OFFICE: Wintershall Estate
Bramley
Guildford
Surrey
GU5 0LR





REGISTERED NUMBER: 03674545 (England and Wales)

HUTLEY GROUP (MANAGEMENT) LIMITED (REGISTERED NUMBER: 03674545)

ABRIDGED BALANCE SHEET
31 March 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 28,361 33,937
Investments 5 92 92
28,453 34,029

CURRENT ASSETS
Debtors 1,048,259 1,060,170
Cash at bank 442,777 710,749
1,491,036 1,770,919
CREDITORS
Amounts falling due within one year 940,647 1,164,381
NET CURRENT ASSETS 550,389 606,538
TOTAL ASSETS LESS CURRENT
LIABILITIES

578,842

640,567

PROVISIONS FOR LIABILITIES 5,389 4,928
NET ASSETS 573,453 635,639

CAPITAL AND RESERVES
Called up share capital 2 2
Retained earnings 573,451 635,637
573,453 635,639

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2023 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 applicable to companies subject to the small companies regime.

All the members have consented to the preparation of an abridged Balance Sheet for the year ended 31 March 2023 in accordance with Section 444(2A) of the Companies Act 2006.

In accordance with Section 444 of the Companies Act 2006, the Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 22 November 2023 and were signed on its behalf by:




O Hutley - Director


HUTLEY GROUP (MANAGEMENT) LIMITED (REGISTERED NUMBER: 03674545)

NOTES TO THE FINANCIAL STATEMENTS
For The Year Ended 31 March 2023


1. STATUTORY INFORMATION

Hutley Group (Management) 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 Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover
Turnover represents the amounts receivable from the rental of licensed residential and commercial properties, excluding value added tax, during the year.

Turnover is recognised as the right to consideration arises and adjustments are made for accrued and deferred income.

Tangible fixed assets
Tangible fixed assets are stated at cost or valuation less accumulated depreciation. Cost includes costs directly attributable to making the asset capable of operating as intended by management.

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

Leasehold improvements-4% on cost
Fixtures and fittings-25% on cost
Motor vehicles-20% reducing balance
Office equipment-25% on cost

Financial instruments
The company enters into basic financial instruments, which result in the recognition of financial assets and liabilities. Financial instruments are recognised at amortised cost, except for investments in shares which are recognised at cost less impairment. At the end of each reporting period financial instruments are assessed for evidence of impairment, and changes are recognised in profit or loss.

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 tax represents the amount of tax payable or receivable in respect of the taxable profit (or loss) for the current or past reporting periods.

Deferred tax represents the future tax consequences of material transactions and events recognised in the financial statements of current and previous periods.

Current and deferred tax assets and liabilities are not discounted and are 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.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

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

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was NIL (2022 - 8 ).

HUTLEY GROUP (MANAGEMENT) LIMITED (REGISTERED NUMBER: 03674545)

NOTES TO THE FINANCIAL STATEMENTS - continued
For The Year Ended 31 March 2023


4. TANGIBLE FIXED ASSETS
Totals
£   
COST
At 1 April 2022
and 31 March 2023 147,774
DEPRECIATION
At 1 April 2022 113,837
Charge for year 5,576
At 31 March 2023 119,413
NET BOOK VALUE
At 31 March 2023 28,361
At 31 March 2022 33,937

5. FIXED ASSET INVESTMENTS

Information on investments other than loans is as follows:
Totals
£   
COST
At 1 April 2022
and 31 March 2023 92
NET BOOK VALUE
At 31 March 2023 92
At 31 March 2022 92

6. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

As at 31 March 2023, the company had loaned a director £157,731 (2022 - £164,931). This was the maximum amount owed to the company during the year. There is no interest due on the loan and it is repayable upon demand.

7. RELATED PARTY DISCLOSURES

The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group.

As at 31 March 2023, the balance due from group undertakings was £799,504 (2022 - £837,336) and this amount is included within Debtors due within one year.

As at 31 March 2023, the balance due to group undertakings was £897,599 (2022 - £1,108,125) and this amount is included within Creditors due within one year.