IRIS Accounts Production v24.3.2.46 05101727 Board of Directors 1.5.23 30.4.24 30.4.24 0 0 false true false false true false Fair value model Ordinary 1.00000 iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh051017272023-04-30051017272024-04-30051017272023-05-012024-04-30051017272022-04-30051017272022-05-012023-04-30051017272023-04-3005101727ns15:EnglandWales2023-05-012024-04-3005101727ns14:PoundSterling2023-05-012024-04-3005101727ns10:Director12023-05-012024-04-3005101727ns10:PrivateLimitedCompanyLtd2023-05-012024-04-3005101727ns10:SmallEntities2023-05-012024-04-3005101727ns10:AuditExempt-NoAccountantsReport2023-05-012024-04-3005101727ns10:SmallCompaniesRegimeForDirectorsReport2023-05-012024-04-3005101727ns10:SmallCompaniesRegimeForAccounts2023-05-012024-04-3005101727ns10:FullAccounts2023-05-012024-04-3005101727ns10:OrdinaryShareClass12023-05-012024-04-3005101727ns10:Director22023-05-012024-04-3005101727ns10:CompanySecretary12023-05-012024-04-3005101727ns10:RegisteredOffice2023-05-012024-04-3005101727ns5:CurrentFinancialInstruments2024-04-3005101727ns5:CurrentFinancialInstruments2023-04-3005101727ns5:Non-currentFinancialInstruments2024-04-3005101727ns5:Non-currentFinancialInstruments2023-04-3005101727ns5:ShareCapital2024-04-3005101727ns5:ShareCapital2023-04-3005101727ns5:RetainedEarningsAccumulatedLosses2024-04-3005101727ns5:RetainedEarningsAccumulatedLosses2023-04-3005101727ns5:FurnitureFittings2023-05-012024-04-3005101727ns5:MotorVehicles2023-05-012024-04-3005101727ns5:FurnitureFittings2023-04-3005101727ns5:MotorVehicles2023-04-3005101727ns5:FurnitureFittings2024-04-3005101727ns5:MotorVehicles2024-04-3005101727ns5:FurnitureFittings2023-04-3005101727ns5:MotorVehicles2023-04-3005101727ns5:FurnitureFittingsns5:LeasedAssetsHeldAsLessee2023-04-3005101727ns5:FurnitureFittingsns5:LeasedAssetsHeldAsLessee2023-05-012024-04-3005101727ns5:FurnitureFittingsns5:LeasedAssetsHeldAsLessee2024-04-3005101727ns5:FurnitureFittingsns5:LeasedAssetsHeldAsLessee2023-04-3005101727ns5:CostValuation2023-04-3005101727ns5:UnlistedNon-exchangeTradedns5:CostValuation2023-04-3005101727ns5:DisposalsRepaymentsInvestments2024-04-3005101727ns5:UnlistedNon-exchangeTradedns5:DisposalsRepaymentsInvestments2024-04-3005101727ns5:CostValuation2024-04-3005101727ns5:UnlistedNon-exchangeTradedns5:CostValuation2024-04-3005101727ns5:UnlistedNon-exchangeTraded2024-04-3005101727ns5:UnlistedNon-exchangeTraded2023-04-3005101727ns5:WithinOneYearns5:CurrentFinancialInstruments2024-04-3005101727ns5:WithinOneYearns5:CurrentFinancialInstruments2023-04-3005101727ns10:OrdinaryShareClass12024-04-30
REGISTERED NUMBER: 05101727 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 APRIL 2024

FOR

HUTCHINSON DEVELOPMENTS LIMITED

HUTCHINSON DEVELOPMENTS LIMITED (REGISTERED NUMBER: 05101727)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


HUTCHINSON DEVELOPMENTS LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 30 APRIL 2024







DIRECTORS: R N Hutchinson
Mrs S Hutchinson





SECRETARY: Mrs S Hutchinson





REGISTERED OFFICE: 16B Market Square
Potton
Bedfordshire
SG19 2NP





REGISTERED NUMBER: 05101727 (England and Wales)





ACCOUNTANTS: Bayler Wood Associates Ltd
Chartered Certified Accountants
2 Church Lane
Walgrave
Northamptonshire
NN6 9QH

HUTCHINSON DEVELOPMENTS LIMITED (REGISTERED NUMBER: 05101727)

BALANCE SHEET
30 APRIL 2024

30.4.24 30.4.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 236,720 240,800
Investments 5 196 300,196
Investment property 6 349,468 349,468
586,384 890,464

CURRENT ASSETS
Stocks 7 762,220 -
Debtors 8 236,042 41,069
Cash at bank 661,620 859,800
1,659,882 900,869
CREDITORS
Amounts falling due within one year 9 19,531 21,560
NET CURRENT ASSETS 1,640,351 879,309
TOTAL ASSETS LESS CURRENT
LIABILITIES

2,226,735

1,769,773

CREDITORS
Amounts falling due after more than one
year

10

88,283

102,483
NET ASSETS 2,138,452 1,667,290

CAPITAL AND RESERVES
Called up share capital 11 200 200
Retained earnings 2,138,252 1,667,090
SHAREHOLDERS' FUNDS 2,138,452 1,667,290

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 April 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 April 2024 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.

HUTCHINSON DEVELOPMENTS LIMITED (REGISTERED NUMBER: 05101727)

BALANCE SHEET - continued
30 APRIL 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 28 January 2025 and were signed on its behalf by:





R N Hutchinson - Director


HUTCHINSON DEVELOPMENTS LIMITED (REGISTERED NUMBER: 05101727)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2024

1. STATUTORY INFORMATION

Hutchinson Developments 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 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 or, if held under a finance lease, over the lease term, whichever is the shorter.
Helicopter - 8% on cost
Motor vehicles - at varying rates on cost

Subsequent costs incurred which provide enhancement to future periods, such as long term scheduled maintenance and major overhauls of aircraft, are capitalised and amortised over the length of the period benefiting from these enhancements. All other costs relating to maintenance are charged to the profit and loss account as incurred.

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


HUTCHINSON DEVELOPMENTS LIMITED (REGISTERED NUMBER: 05101727)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 APRIL 2024

2. ACCOUNTING POLICIES - continued
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).

4. TANGIBLE FIXED ASSETS
Motor
Helicopter vehicles Totals
£    £    £   
COST
At 1 May 2023 301,000 - 301,000
Additions - 20,000 20,000
At 30 April 2024 301,000 20,000 321,000
DEPRECIATION
At 1 May 2023 60,200 - 60,200
Charge for year 24,080 - 24,080
At 30 April 2024 84,280 - 84,280
NET BOOK VALUE
At 30 April 2024 216,720 20,000 236,720
At 30 April 2023 240,800 - 240,800

HUTCHINSON DEVELOPMENTS LIMITED (REGISTERED NUMBER: 05101727)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 APRIL 2024

4. TANGIBLE FIXED ASSETS - continued

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:
Helicopter
£   
COST
At 1 May 2023
and 30 April 2024 301,000
DEPRECIATION
At 1 May 2023 60,200
Charge for year 24,080
At 30 April 2024 84,280
NET BOOK VALUE
At 30 April 2024 216,720
At 30 April 2023 240,800

5. FIXED ASSET INVESTMENTS
Shares in
group Unlisted
undertakings investments Totals
£    £    £   
COST
At 1 May 2023 196 300,000 300,196
Disposals - (300,000 ) (300,000 )
At 30 April 2024 196 - 196
NET BOOK VALUE
At 30 April 2024 196 - 196
At 30 April 2023 196 300,000 300,196

6. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 May 2023
and 30 April 2024 349,468
NET BOOK VALUE
At 30 April 2024 349,468
At 30 April 2023 349,468

Included in fair value of investment property is freehold land of £ 349,468 (2023 - £ 349,468 ) which is not depreciated.

The directors consider the fair value of the property to not be materially different to the cost, hence no
revaluation in the year.

HUTCHINSON DEVELOPMENTS LIMITED (REGISTERED NUMBER: 05101727)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 APRIL 2024

7. STOCKS
30.4.24 30.4.23
£    £   
Stocks and work-in-progress 762,220 -

8. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.4.24 30.4.23
£    £   
Trade debtors 12,420 4,142
Other debtors 200,000 -
VAT - 740
Deferred tax asset 19,576 16,531
Prepayments 4,046 19,656
236,042 41,069

9. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.4.24 30.4.23
£    £   
Hire purchase contracts 14,200 14,200
Trade creditors - 1,500
VAT 1,296 -
Directors loan account 2,535 4,610
Sundry creditors and accruals 1,500 1,250
19,531 21,560

10. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
30.4.24 30.4.23
£    £   
Hire purchase contracts 88,283 102,483

11. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 30.4.24 30.4.23
value: £    £   
200 Ordinary £1 200 200