Hutton Property Management Limited 05040423 false 2024-04-01 2025-03-31 2025-03-31 The principal activity of the company is commercial property development and management. Digita Accounts Production Advanced 6.30.9574.0 true false true 05040423 2024-04-01 2025-03-31 05040423 2025-03-31 05040423 core:RetainedEarningsAccumulatedLosses 2025-03-31 05040423 core:ShareCapital 2025-03-31 05040423 core:CurrentFinancialInstruments 2025-03-31 05040423 core:CurrentFinancialInstruments core:WithinOneYear 2025-03-31 05040423 core:Non-currentFinancialInstruments 2025-03-31 05040423 core:Non-currentFinancialInstruments core:AfterOneYear 2025-03-31 05040423 core:FurnitureFittingsToolsEquipment 2025-03-31 05040423 core:LandBuildings 2025-03-31 05040423 bus:SmallEntities 2024-04-01 2025-03-31 05040423 bus:AuditExemptWithAccountantsReport 2024-04-01 2025-03-31 05040423 bus:FilletedAccounts 2024-04-01 2025-03-31 05040423 bus:SmallCompaniesRegimeForAccounts 2024-04-01 2025-03-31 05040423 bus:RegisteredOffice 2024-04-01 2025-03-31 05040423 bus:Director2 2024-04-01 2025-03-31 05040423 bus:PrivateLimitedCompanyLtd 2024-04-01 2025-03-31 05040423 core:FurnitureFittings 2024-04-01 2025-03-31 05040423 core:FurnitureFittingsToolsEquipment 2024-04-01 2025-03-31 05040423 core:LandBuildings 2024-04-01 2025-03-31 05040423 core:PlantMachinery 2024-04-01 2025-03-31 05040423 1 2024-04-01 2025-03-31 05040423 countries:EnglandWales 2024-04-01 2025-03-31 05040423 2024-03-31 05040423 core:FurnitureFittingsToolsEquipment 2024-03-31 05040423 core:LandBuildings 2024-03-31 05040423 2023-04-01 2024-03-31 05040423 2024-03-31 05040423 core:RetainedEarningsAccumulatedLosses 2024-03-31 05040423 core:ShareCapital 2024-03-31 05040423 core:CurrentFinancialInstruments 2024-03-31 05040423 core:CurrentFinancialInstruments core:WithinOneYear 2024-03-31 05040423 core:CurrentFinancialInstruments core:WithinOneYear core:PreviouslyStatedAmount 2024-03-31 05040423 core:Non-currentFinancialInstruments 2024-03-31 05040423 core:Non-currentFinancialInstruments core:AfterOneYear 2024-03-31 05040423 core:FurnitureFittingsToolsEquipment 2024-03-31 05040423 core:LandBuildings 2024-03-31 05040423 core:PreviouslyStatedAmount 2024-03-31 iso4217:GBP xbrli:pure

Registration number: 05040423

Hutton Property Management Limited
Unaudited Filleted Financial Statements
for the Year Ended 31 March 2025

Hutton Property Management Limited

Contents

Balance Sheet | 1
Notes to the Unaudited Financial Statements | 2 to 6

Hutton Property Management Limited

(Registration number: 05040423)
Balance Sheet as at 31 March 2025

| Note | 2025 £ | 2024 £
Fixed assets |  |  |
Tangible assets | 4 | 2,129,995 | 3,032,613
Current assets |  |  |
Debtors | 5 | 23,602 | 12,862
Cash at bank and in hand |  | 383,833 | 2,263
|  | 407,435 | 15,125
Creditors: Amounts falling due within one year | 6 | (117,611) | (130,977)
Net current assets/(liabilities) |  | 289,824 | (115,852)
Total assets less current liabilities |  | 2,419,819 | 2,916,761
Creditors: Amounts falling due after more than one year | 6 | (824,960) | (1,246,831)
Provisions for liabilities |  | (40,727) | (59,820)
Net assets |  | 1,554,132 | 1,610,110
Capital and reserves |  |  |
Called up share capital |  | 1,000 | 1,000
Retained earnings |  | 1,553,132 | 1,609,110
Shareholders' funds |  | 1,554,132 | 1,610,110

For the financial year ending 31 March 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 accounts for the year in question in accordance with section 476; and
• | The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the directors have not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the Board on 11 September 2025 and signed on its behalf by:

......................................... Mr C Hutton Director

Hutton Property Management Limited

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

1 | General information

The company is a private company limited by share capital, incorporated in England and Wales.

The address of its registered office is:
Hutton Business Park
Bentley Moor Lane
Carcroft
Doncaster
South Yorkshire
DN6 7BD

These financial statements were authorised for issue by the Board on 11 September 2025.

2 | Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.
The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

Tax

The tax expense for the period comprises current and deferred tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

Hutton Property Management Limited

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

Deferred tax is recognised in respect of all timing differences between taxable profits and profits reported in the financial statements.
Unrelieved tax losses and other deferred tax assets are recognised when it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.
Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used.

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.
The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class | Depreciation method and rate
Plant and Machinery | 25% reducing balance per annum
Fixtures and Fittings | 15% reducing balance per annum

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Trade debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.
Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.
Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

Borrowings

Hutton Property Management Limited

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

Interest-bearing borrowings are initially recorded at fair value, net of transaction costs. Interest-bearing borrowings are subsequently carried at amortised cost, with the difference between the proceeds, net of transaction costs, and the amount due on redemption being recognised as a charge to the profit and loss account over the period of the relevant borrowing.
Interest expense is recognised on the basis of the effective interest method and is included in interest payable and similar charges.
Borrowings are classified as current liabilities unless the company has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

Dividends

Dividend distribution to the company’s shareholders is recognised as a liability in the financial statements in the reporting period in which the dividends are declared.

3 | Staff numbers

The average number of persons employed by the company (including directors) during the year, was 1 (2024 - 2).

Hutton Property Management Limited

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

4 | Tangible assets

| Land and buildings £ | Furniture, fittings and equipment £ | Total £
Cost or valuation
At 1 April 2024 | 3,028,750 | 24,163 | 3,052,913
Disposals | (902,000) | - | (902,000)
At 31 March 2025 | 2,126,750 | 24,163 | 2,150,913
Depreciation
At 1 April 2024 | - | 20,300 | 20,300
Charge for the year | - | 618 | 618
At 31 March 2025 | - | 20,918 | 20,918
Carrying amount
At 31 March 2025 | 2,126,750 | 3,245 | 2,129,995
At 31 March 2024 | 3,028,750 | 3,863 | 3,032,613

Included within the net book value of land and buildings above is £2,126,750 (2024 - £3,028,750) in respect of freehold land and buildings.

Revaluation

The fair value of the company's freehold land and buildings was revalued on 12 February 2024 by an independent valuer.
The basis of this valuation was open market value. The directors believe that this still reflects a fair market value at the year end. The name and qualification of the independent valuer are Grice and Hunter.
Had this class of asset been measured on a historical cost basis, the carrying amount would have been £1,935,848 (2024 - £2,766,549).

5 | Debtors

| Note | 2025 £ | 2024 £
Trade debtors |  | 11,625 | 11,511
Amounts owed by related parties |  | 5,500 | -
Other debtors |  | 6,340 | 1,000
Prepayments |  | 137 | 351
|  | 23,602 | 12,862

Hutton Property Management Limited

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

6 | Creditors

Creditors: amounts falling due within one year

| Note | 2025 £ | 2024 £
Due within one year |  |  |
Loans and borrowings | 7 | 15,000 | 7,500
Trade creditors |  | 8,595 | 2,627
Amounts owed to related parties |  | 623 | 623
Taxation and social security |  | 63,051 | 86,059
Corporation tax |  | 17,147 | 20,613
Other creditors |  | 9,625 | 10,185
Accrued expenses |  | 3,570 | 3,370
|  | 117,611 | 130,977

Creditors: amounts falling due after more than one year

| Note | 2025 £ | 2024 £
Due after one year |  |  |
Loans and borrowings | 7 | 824,960 | 1,084,960
Other financial liabilities |  | - | 161,871
|  | 824,960 | 1,246,831

7 | Loans and borrowings

Non-current loans and borrowings

| 2025 £ | 2024 £
Bank borrowings | 824,960 | 1,084,960

Current loans and borrowings

| 2025 £ | 2024 £
Bank borrowings | 15,000 | 7,500

The bank borrowings of £839,960 (2024 £1,092,460) is secured by a fixed and floating charge over all the assets.

8 | Parent and ultimate parent undertaking

The company's immediate parent is C H Power Tools Limited, incorporated in England.