| Hutchings & Isaac Property Rentals Limited |
| Registered Number:14367173 |
For the year ended 30 September 2024
England and Wales
Unaudited Financial Statements
For the year ended 30 September 2024
Hutchings & Isaac Property Rentals Limited
Contents Page
1
Statement of Financial Position
2 to 5
Notes to the Financial Statements
Hutchings & Isaac Property Rentals Limited
Statement of Financial Position
2023
2024
3
212,092
216,420
212,092
216,420
| Trade and other receivables |
138
1,328
4
2,457
| Cash and cash equivalents |
3,143
4,471
2,595
| Trade and other payables: amounts falling due within |
| one year |
(217,943)
(217,054)
5
(215,348)
(212,583)
Net current liabilities
| Total assets less current liabilities |
(491)
1,072
(491)
Net assets/liabilities
1,072
100
100
(591)
972
(491)
1,072
Shareholders' funds
| For the year ended 30 September 2024 the company was entitled to exemption from audit under Section 477 of the Companies Act 2006 relating to small companies. |
| The members have not required the company to obtain an audit of its financial statements for the year ended 30 September 2024 in accordance with Section 476 of the Companies Act 2006 |
| The directors acknowledge their responsibilities for:a) ensuring that the company keeps proper 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 Section 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. |
| In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered. |
| The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime. |
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For the year ended 30 September 2024
Hutchings & Isaac Property Rentals Limited
Statement of Financial Position Continued
| Ryan Charles Hutchings Director |
| Daniel Matthew Isaac Director |
| These financial statements were approved and authorised for issue by the Board on 31 March 2025 and were signed by: |
| The notes form part of these financial statements |
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For the year ended 30 September 2024
Hutchings & Isaac Property Rentals Limited
Notes to the Financial Statements
Statutory Information
| Hutchings & Isaac Property Rentals Limited is a private limited company, limited by shares, domiciled in |
| England and Wales, registration number 14367173. |
10/11 Northfield Rd
Ilfracombe
DEVON
EX34 8AL
| The presentation currency is £ sterling. |
Basis of preparing the financial statements
| These financial statements have been prepared in accordance with the provisions of Section 1A 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 costs convention as modified by the revaluation of certain assets. |
Property, plant and equipment
| Property, plant and equipment, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis: |
Land and Buildings
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. |
| 2. Property, plant and equipment |
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For the year ended 30 September 2024
Hutchings & Isaac Property Rentals Limited
Notes to the Financial Statements Continued
216,420
216,420
4,328
4,328
212,092
216,420
| The investment income included in the financial statements is the net income after expenses, a breakdown of which is shown below. Rental Income Received £12,860 Less ExpensesInsurance £577Repairs & Maintenance £8,684License & Subscriptions £64Accountancy £674Legal & Professional Fees £275Companies House £32 Net Profit Received on Investment Property £2,554 |
| 4. Trade and other receivables |
2023
2024
1,328
138
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For the year ended 30 September 2024
Hutchings & Isaac Property Rentals Limited
Notes to the Financial Statements Continued
| 5. Trade and other payables: amounts falling due within one year |
2023
2024
| Taxation and social security |
649
228
216,405
217,715
217,054
217,943
| 6. Related party transactions |
| At the end of the financial year 30 September 2024 the directors loan account balances were: |
| Ryan Charles Hutchings £107,888 (£107,688 as at 30 September 2023) |
| Daniel Matthew Isaac £107,888 (£107,688 as at 30 September 2023) |
| The directors both own 50% of the share capital, neither therefore having a controlling interest of the |
| company. |
| 7. Average number of persons employed |
During the year the average number of employees was 0
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