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REGISTERED NUMBER: 03895829 (England and Wales)












Financial Statements

for the Year Ended 31 January 2024

for

HATTON PROPERTIES LIMITED

HATTON PROPERTIES LIMITED (Registered number: 03895829)






Contents of the Financial Statements
for the Year Ended 31 January 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


HATTON PROPERTIES LIMITED

Company Information
for the Year Ended 31 January 2024







DIRECTORS: D L R Hiscox
L A Hiscox





REGISTERED OFFICE: Top Floor Offices
Hatton Court
Upton St Leonards
Gloucestershire
GL4 8DE





REGISTERED NUMBER: 03895829 (England and Wales)





AUDITORS: John S Ward & Co Limited
Statutory Auditors
26-28 Headlands
Kettering
Northamptonshire
NN15 7HP

HATTON PROPERTIES LIMITED (Registered number: 03895829)

Balance Sheet
31 January 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 2,970,335 2,802,827
Investments 5 760,152 760,152
3,730,487 3,562,979

CURRENT ASSETS
Debtors 6 683,766 1,052,503
Cash at bank 434,967 11,064
1,118,733 1,063,567
CREDITORS
Amounts falling due within one year 7 1,568,325 1,745,152
NET CURRENT LIABILITIES (449,592 ) (681,585 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

3,280,895

2,881,394

CREDITORS
Amounts falling due after more than
one year

8

(1,186,239

)

(876,753

)

PROVISIONS FOR LIABILITIES (96,000 ) (90,000 )
NET ASSETS 1,998,656 1,914,641

CAPITAL AND RESERVES
Called up share capital 32,100 32,100
Revaluation reserve 10 9,618 -
Retained earnings 1,956,938 1,882,541
1,998,656 1,914,641

HATTON PROPERTIES LIMITED (Registered number: 03895829)

Balance Sheet - continued
31 January 2024


The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

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 and authorised for issue on 25 October 2024 and were signed on its behalf by:





D L R Hiscox - Director


HATTON PROPERTIES LIMITED (Registered number: 03895829)

Notes to the Financial Statements
for the Year Ended 31 January 2024

1. STATUTORY INFORMATION

HATTON PROPERTIES 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 as modified by the revaluation of certain assets.

Preparation of consolidated financial statements
The financial statements contain information about HATTON PROPERTIES LIMITED as an individual company and do not contain consolidated financial information as the parent of a group. The company is exempt under Section 400 of the Companies Act 2006 from the requirements to prepare consolidated financial statements as it and its subsidiary undertaking are included by full consolidation in the consolidated financial statements of its parent, Hatton Group Holdings Limited, Hatton court Hotel, Upton Hill, Upton St Leonards Gloucester GL4 8DE.

Related party exemption
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.

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 it's estimated useful life

Fixtures, Fittings & Equipment 2 to 15 years.

Freehold property is maintained to a high standard for trading purposes and the Directors consider the economic life is thereby extended so as to make any provision for depreciation immaterial.

Investments in subsidiaries
Investments in subsidiary undertakings are recognised at cost.


HATTON PROPERTIES LIMITED (Registered number: 03895829)

Notes to the Financial Statements - continued
for the Year Ended 31 January 2024

2. ACCOUNTING POLICIES - continued
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.

Hire purchase and leasing commitments
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was NIL (2023 - NIL).

HATTON PROPERTIES LIMITED (Registered number: 03895829)

Notes to the Financial Statements - continued
for the Year Ended 31 January 2024

4. TANGIBLE FIXED ASSETS
Plant and
Land and machinery
buildings etc Totals
£    £    £   
COST OR VALUATION
At 1 February 2023 2,151,511 2,316,867 4,468,378
Additions 62,596 162,946 225,542
Disposals - (5,000 ) (5,000 )
Revaluations 9,618 - 9,618
At 31 January 2024 2,223,725 2,474,813 4,698,538
DEPRECIATION
At 1 February 2023 - 1,665,551 1,665,551
Charge for year - 67,652 67,652
Eliminated on disposal - (5,000 ) (5,000 )
At 31 January 2024 - 1,728,203 1,728,203
NET BOOK VALUE
At 31 January 2024 2,223,725 746,610 2,970,335
At 31 January 2023 2,151,511 651,316 2,802,827

Cost or valuation at 31 January 2024 is represented by:

Plant and
Land and machinery
buildings etc Totals
£    £    £   
Valuation in 2024 2,223,725 2,474,813 4,698,538

HATTON PROPERTIES LIMITED (Registered number: 03895829)

Notes to the Financial Statements - continued
for the Year Ended 31 January 2024

4. TANGIBLE FIXED ASSETS - continued

Fixed assets, included in the above, which are held under finance leases are as follows:

Plant and
machinery
etc
£   
COST OR VALUATION
At 1 February 2023 99,457
Additions 134,480
At 31 January 2024 233,937
DEPRECIATION
At 1 February 2023 3,801
Charge for year 5,713
At 31 January 2024 9,514
NET BOOK VALUE
At 31 January 2024 224,423
At 31 January 2023 95,656

5. FIXED ASSET INVESTMENTS
Shares in
group
undertakings
£   
COST
At 1 February 2023
and 31 January 2024 760,152
NET BOOK VALUE
At 31 January 2024 760,152
At 31 January 2023 760,152

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Amounts owed by group undertakings 683,766 914,641
Other debtors - 137,862
683,766 1,052,503

HATTON PROPERTIES LIMITED (Registered number: 03895829)

Notes to the Financial Statements - continued
for the Year Ended 31 January 2024

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Finance leases 86,817 23,014
Trade creditors 26,074 190,522
Amounts owed to group undertakings 1,177,085 1,230,823
Taxation and social security 25,400 -
Other creditors 252,949 300,793
1,568,325 1,745,152

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN
ONE YEAR
2024 2023
£    £   
Bank loans 1,100,000 -
Finance leases 86,239 67,071
Other creditors - 809,682
1,186,239 876,753

Amounts falling due in more than five years:

Repayable by instalments
Bank loans more 5 yr by instal 550,000 -

9. SECURED DEBTS

The following secured debts are included within creditors:

2024 2023
£    £   
Bank Loans 1,100,000 -
Other Creditors 283,400 1,096,781
1,383,400 1,096,781

Other creditors are secured by a Fixed and Floating Charge over the assets of the Company.

HATTON PROPERTIES LIMITED (Registered number: 03895829)

Notes to the Financial Statements - continued
for the Year Ended 31 January 2024

10. RESERVES
Revaluation
reserve
£   
Revaluation in period 9,618

At 31 January 2024 9,618

11. DISCLOSURE UNDER SECTION 444(5B) OF THE COMPANIES ACT 2006

The Report of the Auditors was unqualified.

J Nacca FCCA (Senior Statutory Auditor)
for and on behalf of John S Ward & Co Limited

12. CONTINGENT LIABILITIES

The Company has provided a Cross guarantee to secure the Bank Borrowings of the Company and the 100% Subsidiary Hatton Hotels Group Services Ltd.

13. RELATED PARTY DISCLOSURES

At 31st January 2024 the company owed £155,780 (2023 £1,034,682) to related party companies outside the Group.

At 31st January 2024the Company owed £82,620 (2023 £62,099) VEA Hiscox

14. ULTIMATE CONTROLLING PARTY

The controlling party is Mrs VEA Hiscox.

The ultimate holding company is Hatton Group Holdings Ltd a company incorporated in England.