2023-10-01 14367173 2024-09-30 14367173 2023-10-01 2024-09-30 14367173 2023-09-30 14367173 2022-09-21 2023-09-30 14367173 uk-core:WithinOneYear 2023-09-30 14367173 uk-core:WithinOneYear 2024-09-30 14367173 uk-core:ShareCapital 2024-09-30 14367173 uk-core:ShareCapital 2023-09-30 14367173 uk-core:RetainedEarningsAccumulatedLosses 2024-09-30 14367173 uk-core:RetainedEarningsAccumulatedLosses 2023-09-30 14367173 uk-bus:Director1 2023-10-01 2024-09-30 14367173 uk-bus:Director2 2023-10-01 2024-09-30 14367173 uk-core:Land 2023-10-01 2024-09-30 iso4217:GBP xbrli:pure 14367173 uk-bus:AuditExemptWithAccountantsReport 2023-10-01 2024-09-30 14367173 uk-bus:FRS102 2023-10-01 2024-09-30 14367173 uk-bus:FilletedAccounts 2023-10-01 2024-09-30 14367173 uk-bus:EntityHasNeverTraded 2023-10-01 2024-09-30 14367173 uk-bus:PrivateLimitedCompanyLtd 2023-10-01 2024-09-30
Hutchings & Isaac Property Rentals Limited
Registered Number:14367173
For the year ended 30 September 2024
England and Wales
Unaudited Financial Statements
2
For the year ended 30 September 2024
Hutchings & Isaac Property Rentals Limited
Contents Page
1
Statement of Financial Position
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Notes to the Financial Statements
3
Registered Number :
14367173
As at 30 September 2024
Hutchings & Isaac Property Rentals Limited
Statement of Financial Position
£
£
2023
2024
Notes
Fixed assets
3
212,092
216,420
Investment property
212,092
216,420
Current assets
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
Capital and reserves
Called up share capital
100
100
Retained earnings
(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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4
Registered Number :
14367173
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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5
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.
Registered address:
10/11 Northfield Rd
Ilfracombe
DEVON
EX34 8AL
The presentation currency is £ sterling.
1. Accounting policies
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
2% Straight line
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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6
For the year ended 30 September 2024
Hutchings & Isaac Property Rentals Limited
Notes to the Financial Statements Continued
3. Investment property
Total
£
Fair value
At 01 October 2023
216,420
At 30 September 2024
216,420
Depreciation
For the year/period
4,328
At 30 September 2024
4,328
Net book value
At 30 September 2024
212,092
At 30 September 2023
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
£
£
Other debtors
1,328
138
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7
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
Other creditors
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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