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REGISTERED NUMBER: 04197648 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 March 2025

for

Oliver Cutts Limited

Oliver Cutts Limited (Registered number: 04197648)






Contents of the Financial Statements
for the Year Ended 31 March 2025




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Oliver Cutts Limited

Company Information
for the Year Ended 31 March 2025







DIRECTORS: O A S Cutts
Mrs J A Newman
M Burchfield





REGISTERED OFFICE: Folds Farm
Godshillwood
Fordingbridge
Hampshire
SP6 2LU





REGISTERED NUMBER: 04197648 (England and Wales)





ACCOUNTANTS: Simon Scott Accounts
17 Donnelly Road
Bournemouth
Dorset
BH6 5NW

Oliver Cutts Limited (Registered number: 04197648)

Balance Sheet
31 March 2025

31.3.25 31.3.24
Notes £    £    £   
FIXED ASSETS
Tangible assets 4 7,567,868 2,771,445

CURRENT ASSETS
Debtors 5 372,127 1,296,802
Cash at bank 332,613 992,075
704,740 2,288,877
CREDITORS
Amounts falling due within one year 6 1,578,185 1,115,512
NET CURRENT (LIABILITIES)/ASSETS (873,445 ) 1,173,365
TOTAL ASSETS LESS CURRENT
LIABILITIES

6,694,423

3,944,810

CREDITORS
Amounts falling due after more than
one year

7

(3,245,510

)

(1,286,710

)

PROVISIONS FOR LIABILITIES 8 (626,267 ) (577,323 )
NET ASSETS 2,822,646 2,080,777

Oliver Cutts Limited (Registered number: 04197648)

Balance Sheet - continued
31 March 2025

31.3.25 31.3.24
Notes £    £    £   
CAPITAL AND RESERVES
Called up share capital 9 1 1
Retained earnings 2,822,645 2,080,776
SHAREHOLDERS' FUNDS 2,822,646 2,080,777

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2025 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.

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 4 June 2025 and were signed on its behalf by:





O A S Cutts - Director


Oliver Cutts Limited (Registered number: 04197648)

Notes to the Financial Statements
for the Year Ended 31 March 2025

1. STATUTORY INFORMATION

Oliver Cutts 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.
Plant and machinery - 25% on reducing balance
Office equipment - 25% on reducing balance
Motor vehicles - 25% on reducing balance

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.

Oliver Cutts Limited (Registered number: 04197648)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2025

2. ACCOUNTING POLICIES - continued

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.

Assets held under finance leases, which are leases where substantially all the risks and rewards of ownership of the asset have been passed to the company are capitalised in the balance sheet as tangible fixed assets and are depreciated over the shorter of the lease term and their useful lives. The capital elements of future obligations under the leases are included as liabilities in the balance sheet. The interest element of the rental obligation is charged to the profit and loss account over the period of the lease and represents a constant proportion of the balance of capital repayments outstanding. Assets held under hire purchase agreements are capitalised as tangible fixed assets and are depreciated over the shorter of the lease term and their useful lives. The capital element of future finance payments is included within creditors. Finance charges are allocated to accounting periods over the length of the contract and represent a constant proportion of the balance of capital repayments outstanding.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 3 (2024 - 3 ) .

4. TANGIBLE FIXED ASSETS
Freehold Plant and Office Motor
property machinery equipment vehicles Totals
£    £    £    £    £   
COST
At 1 April 2024 358,802 5,330,540 46,675 1,289,566 7,025,583
Additions 4,597,921 378,300 - 751,985 5,728,206
Disposals - (145,000 ) - (64,298 ) (209,298 )
At 31 March 2025 4,956,723 5,563,840 46,675 1,977,253 12,544,491
DEPRECIATION
At 1 April 2024 - 3,277,784 44,588 931,766 4,254,138
Charge for year - 600,612 522 269,249 870,383
Eliminated on disposal - (116,391 ) - (31,507 ) (147,898 )
At 31 March 2025 - 3,762,005 45,110 1,169,508 4,976,623
NET BOOK VALUE
At 31 March 2025 4,956,723 1,801,835 1,565 807,745 7,567,868
At 31 March 2024 358,802 2,052,756 2,087 357,800 2,771,445

Included within the net book value of tangible fixed assets is £1,924,290 (2024 - £1,859,916) in respect of assets held under finance lease agreements and hire purchase contracts. Depreciation for the year on these assets was £641,429 (2024 - £619,971).

Oliver Cutts Limited (Registered number: 04197648)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2025

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.25 31.3.24
£    £   
Other debtors 372,127 1,296,802

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.25 31.3.24
£    £   
Bank loans and overdrafts 133,333 45,252
Hire purchase contracts 940,074 751,404
Trade creditors 15,532 52,728
Taxation and social security 198,345 199,758
Other creditors 290,901 66,370
1,578,185 1,115,512

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN
ONE YEAR
31.3.25 31.3.24
£    £   
Bank loans 1,846,864 56,601
Hire purchase contracts 1,398,646 1,230,109
3,245,510 1,286,710

8. PROVISIONS FOR LIABILITIES
31.3.25 31.3.24
£    £   
Deferred tax 626,267 577,323

Deferred
tax
£   
Balance at 1 April 2024 577,323
Provided during year 48,944
Balance at 31 March 2025 626,267

Oliver Cutts Limited (Registered number: 04197648)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2025

9. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.3.25 31.3.24
value: £    £   
1 Ordinary £1 1 1

10. RELATED PARTY DISCLOSURES

Earlcoate Construction and Plant Hire Limited
(A company under common control)
During the year the company traded with Earlcoate Construction and Plant Hire Limited. The transactions represented charges for the provision of management and administration services totalling £504,000 (2024 - £504,000) and sales for the hire of plant and equipment totalling £2,588,350 (2024 - £2,253,474).
The company also operated an inter-company account with Earlcoate Construction and Plant Hire Limited. At the balance sheet date the amount due from Earlcoate Construction and Plant Hire Limited was £222,861 (2024 - £1,059,226 other debtors note 6) and this is included within other creditors (note 7).

Oliver Cutts Agriculture Limited
(A company under common control)
During the year the company traded with Oliver Cutts Limited, a company controlled by O A S Cutts, the transactions represented land maintenance costs. At the balance sheet date the amount owed to Oliver Cutts Agriculture Limited was £62,400 (2024 - £62,400) and this is included within other creditors (note 7).
The company also operated an inter-company account with Oliver Cutts Agriculture Limited. At the balance sheet date the amount due to Oliver Cutts Agriculture limited was nil (2024 - nil).