Company No: 00820859 (England and Wales)

Contents

• Company Information
• Balance Sheet
• Notes to the Financial Statements

Directors	R B Utting
	V J Utting

Registered office	Springfield House
	Springfield Road
	Horsham
	West Sussex RH12 2RG
	United Kingdom

Company number

00820859 (England and Wales)

Accountant	Kreston Reeves LLP
	Springfield House
	Springfield Road
	Horsham
	West Sussex
	RH12 2RG

	Note	2025		2024
		£		£
Fixed assets
Tangible assets	3	3,903		5,501
Investment property	4	4,748,993		2,855,000
		4,752,896		2,860,501
Current assets
Debtors	5	1,263		85,328
Cash at bank and in hand	6	186,169		1,833,155
		187,432		1,918,483
Creditors: amounts falling due within one year	7	( 85,261)		( 327,483)
Net current assets		102,171		1,591,000
Total assets less current liabilities		4,855,067		4,451,501
Provision for liabilities	8	( 371,577)		( 230,983)
Net assets		4,483,490		4,220,518
Capital and reserves
Called-up share capital	9	183		183
Share premium account		604,942		604,942
Revaluation reserve	11	1,601,821		1,180,039
Profit and loss account		2,276,544		2,435,354
Total shareholders' funds		4,483,490		4,220,518

For the financial year ending 30 April 2025 the Company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

• The members have not required the Company to obtain an audit of its financial statements for the financial year in accordance with section 476;
• The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements; and
• These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime and a copy of the Profit and Loss Account has not been delivered.

The financial statements of Utting Estates Limited (registered number: 00820859) were approved and authorised for issue by the Board of Directors on 05 September 2025. They were signed on its behalf by:

R B Utting Director

1. Accounting policies

The principal accounting policies are summarised below. They have all been applied consistently throughout the financial year and to the preceding financial year, unless otherwise stated.

General information and basis of accounting

Utting Estates Limited (the Company) is a private company, limited by shares, incorporated in the United Kingdom under the Companies Act 2006 and is registered in England and Wales. The address of the Company's registered office is Springfield House, Springfield Road, Horsham, , West Sussex RH12 2RG, United Kingdom.

The financial statements have been prepared under the historical cost convention, modified to include investment properties at fair value, and in accordance with Section 1A of Financial Reporting Standard 102 (FRS 102) ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland’ issued by the Financial Reporting Council and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.

The financial statements are presented in pounds sterling which is the functional currency of the Company and rounded to the nearest £1.

Turnover

Turnover is recognised at the fair value of the consideration received or receivable for goods and services provided in the normal course of business, and is shown net of VAT and other sales related taxes. The fair value of consideration takes into account trade discounts, settlement discounts and volume rebates.

Turnover is recognised when the significant risks and rewards are considered to have been transferred to the customer.

Turnover is recognised to the extent that it is probable that the economic benefits will flow to the Company and the turnover can be reliably measured. Turnover compromises revenue recognised by the Company in respect of rent receivable and other income from the letting and management of land and property owned by the Company during the year.

Interest income

Interest income is recognised when it is probable that the economic benefits will flow to the Company and the amount of revenue can be measured reliably. Interest income is accrued on a time basis, by reference to the principal outstanding at the effective interest rate applicable, which is the rate that exactly discounts estimated future cash receipts through the expected life of the financial asset to that asset's net carrying amount on initial recognition.

Taxation

Current tax
Current tax is provided at amounts expected to be paid (or recoverable) using the tax rates and laws that have been enacted or substantively enacted at the Balance Sheet date.

Deferred tax
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the Company's financial statements. Deferred tax is provided in full on timing differences which result in an obligation to pay more or less tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws. Deferred tax assets and liabilities are not discounted.

The carrying amount of deferred tax assets are reviewed at each reporting date and a valuation allowance is set up against deferred tax assets so that the net carrying amount equals the highest amount that is more likely than not to be recovered based on current or future taxable profit.

Tangible fixed assets

Tangible fixed assets are stated at cost or valuation, net of depreciation and any provision for impairment. Depreciation is provided on all tangible fixed assets, other than investment property and freehold land, at rates calculated to write off the cost or valuation, less estimated residual value, of each asset on a straight-line or reducing balance basis over its expected useful life, as follows:

Plant and machinery	5 years straight line
Vehicles	5 years straight line
Office equipment	2 years straight line

Residual value represents the estimated amount which would currently be obtained from disposal of an asset, after deducting estimated costs of disposal, if the asset were already of the age and in the condition expected at the end of its useful life.

The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to profit or loss.

Impairment of assets

Assets, other than those measured at fair value, are assessed for indicators of impairment at each Balance Sheet date. If there is objective evidence of impairment, an impairment loss is recognised in the Profit and Loss Account as described below.

Financial assets
An asset is impaired where there is objective evidence that, as a result of one or more events that occurred after initial recognition, the estimated recoverable value of the asset has been reduced. The recoverable amount of an asset is the higher of its fair value less costs to sell and its value in use.

Where indicators exist for a decrease in impairment loss, the prior impairment loss is tested to determine reversal. An impairment loss is reversed on an individual impaired asset to the extent that the revised recoverable value does not lead to a revised carrying amount higher than the carrying value had no impairment been recognised.

For financial assets carried at amortised cost, the amount of impairment is the difference between the asset’s carrying amount and the present value of estimated future cash flows, discounted at the financial asset’s original effective interest rate.

For financial assets carried at cost less impairment, the impairment loss is the difference between the asset’s carrying amount and the best estimate of the amount that would be received for the asset if it were to be sold at the reporting date.

Where indicators exist for a decrease in impairment loss, and the decrease can be related objectively to an event occurring after the impairment was recognised, the prior impairment loss is tested to determine reversal. An impairment loss is reversed on an individual impaired financial asset to the extent that the revised recoverable value does not lead to a revised carrying amount higher than the carrying value had no impairment been recognised.

Investment property

Investment property is initially recognised at cost, which includes the purchase cost and any directly attributable expenditure. Subsequently it is measured at fair value at each reporting date with changes in fair value recognised in profit or loss. Deferred taxation is provided on these gains at the rate expected to apply when the property is sold.

The fair value is determined annually by the directors, on an open market value for existing use basis.

2. Employees

	2025		2024
	Number		Number
Monthly average number of persons employed by the Company during the year, including directors	2		2

3. Tangible assets

	Plant and machinery		Vehicles		Office equipment		Total
	£		£		£		£
Cost
At 01 May 2024	21,772		33,658		6,105		61,535
Additions	0		0		1,867		1,867
Disposals	( 528)		0		( 1,552)		( 2,080)
At 30 April 2025	21,244		33,658		6,420		61,322
Accumulated depreciation
At 01 May 2024	17,578		33,658		4,798		56,034
Charge for the financial year	1,947		0		1,518		3,465
Disposals	( 528)		0		( 1,552)		( 2,080)
At 30 April 2025	18,997		33,658		4,764		57,419
Net book value
At 30 April 2025	2,247		0		1,656		3,903
At 30 April 2024	4,194		0		1,307		5,501

4. Investment property

	Investment property
	£
Valuation
As at 01 May 2024	2,855,000
Additions	1,561,868
Fair value movement	573,490
Disposals	(125,000)
Impairment	(116,365)
As at 30 April 2025	4,748,993

5. Debtors

	2025		2024
	£		£
Other debtors	1,263		85,328

6. Cash and cash equivalents

	2025		2024
	£		£
Cash at bank and in hand	186,169		1,833,155

7. Creditors: amounts falling due within one year

	2025		2024
	£		£
Amounts owed to directors	52,736		44,458
Accruals	8,249		8,250
Corporation tax	6,402		263,498
Other taxation and social security	1,873		1,443
Other creditors	16,001		9,834
	85,261		327,483

8. Deferred tax

	2025		2024
	£		£
At the beginning of financial year	( 230,983)		( 761,304)
(Charged)/credited to the Profit and Loss Account	( 140,594)		530,321
At the end of financial year	( 371,577)		( 230,983)

9. Called-up share capital

	2025		2024
	£		£
Allotted, called-up and fully-paid
1,830 Ordinary shares shares of £ 0.10 each	183		183

10. Related party transactions

Transactions with the entity's directors

During the year one of the directors, R B Utting, received dividends amounting to £69,000 (2024 £44,000) by virtue of his shareholding in the company.

During the year advertising expenses of £9,000 (2024 £9,000) were paid to a director, R B Utting, or members of his immediate family for promotional purposes.

During this and the previous year the company used offices owned by the directors, R B Utting and V J Utting, where no rent was paid; however the company paid apportioned fees relating to light and heat amounting to £2,500 (2024 - £2,500).

11. Reserves

Share premium account

The Share Premium account records the amount above the nominal value received for shares issued by the Company. Share Premium may only be utilised to write-off any expenses incurred or commissions paid on the issue of those shares, or to pay up new shares to be allotted to members as fully paid bonus shares. This is a non distributable reserve.

Investment property reserve

The Company uses the revaluation model for the measurement of its investment properties. This reserve records the revaluation surplus recognised less the related provision for deferred tax. This is a non distributable reserve.

Profit and loss account

The Profit and loss account comprises all current and prior period retained profits and losses after deducting any distributions made to the company's shareholders. This is a distributable reserve.