REGISTERED NUMBER: 06804158 (England and Wales)

Unaudited Financial Statements for the Year Ended 31st December 2024

for

BUTE CAPITAL LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTOR:

J A Harrison

REGISTERED OFFICE:

Belgrave House

39-43 Monument Hill

Weybridge

KT13 8RN

REGISTERED NUMBER:

06804158 (England and Wales)

ACCOUNTANTS:

Graham Martin & Co

Accountants

89 Leigh Road

Eastleigh

Hampshire

SO50 9DQ

FIXED ASSETS

Intangible assets

4

-

-

Tangible assets

5

313,731

389,675

313,731

389,675

CURRENT ASSETS

Debtors

6

8,475,069

9,268,051

Cash at bank

1,494,070

1,298,606

9,969,139

10,566,657

CREDITORS

Amounts falling due within one year

7

3,873,783

4,233,733

NET CURRENT ASSETS

6,095,356

6,332,924

TOTAL ASSETS LESS CURRENT LIABILITIES

6,409,087

6,722,599

CREDITORS

Amounts falling due after more than one year

8

3,661,542

4,167,838

NET ASSETS

2,747,545

2,554,761

CAPITAL AND RESERVES

Called up share capital

1,000

1,000

Share premium

9

36,845

36,845

Retained earnings

9

2,709,700

2,516,916

SHAREHOLDERS' FUNDS

2,747,545

2,554,761

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31st December 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31st December 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the director and authorised for issue on 30th September 2025 and were signed by:

J A Harrison - Director

1.	STATUTORY INFORMATION

Bute Capital 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

Lease finance income:-

Equipment leasing income is recognised on a systematic and rational basis and is calculated as a constant periodic return on the lessor's net investment.

Loan finance income:-

Loans advanced are included within debtors. Loan repayments are apportioned between the financial element, which is charged to the profit and loss account, and the capital element, which reduces the outstanding obligation for future instalments, so as to give a constant rate of charge on the outstanding obligation.

Domain registration costs

Amortisation is provided to write off the domain registration costs over their expected useful life of 10 years.

Website and branding costs

Amortisation is provided to write off the website and branding costs over their expected useful life of 3 years.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Furniture & Equipment

-

20% on reducing balance

Computer equipment

-

33% on cost

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 5 (2023 - 5 ) .

4.	INTANGIBLE FIXED ASSETS

Website

Domain

and

registration

branding

Totals

£

£

£

COST

At 1st January 2024

and 31st December 2024

259

3,550

3,809

AMORTISATION

At 1st January 2024

and 31st December 2024

259

3,550

3,809

NET BOOK VALUE

At 31st December 2024

-

-

-

At 31st December 2023

-

-

-

5.	TANGIBLE FIXED ASSETS

Furniture

Computer

& Equipment

equipment

Totals

£

£

£

COST

At 1st January 2024

616,379

5,515

621,894

Additions

2,488

-

2,488

At 31st December 2024

618,867

5,515

624,382

DEPRECIATION

At 1st January 2024

226,704

5,515

232,219

Charge for year

78,432

-

78,432

At 31st December 2024

305,136

5,515

310,651

NET BOOK VALUE

At 31st December 2024

313,731

-

313,731

At 31st December 2023

389,675

-

389,675

6.

DEBTORS

2024

2023

£

£

Amounts falling due within one year:

Trade debtors

316,966

142,972

Loan finance debtors

454,512

610,388

Lease finance debtors

2,824,800

3,205,106

Other debtors

22,500

22,500

VAT

-

48,313

Deferred tax asset

40,929

5,208

Prepayments

305,313

297,091

3,965,020

4,331,578

Amounts falling due after more than one year:

Lease finance debtors

3,933,799

4,041,317

Loan finance debtors

576,250

895,156

4,510,049

4,936,473

Aggregate amounts

8,475,069

9,268,051

The average agreement term during the year was 37 months.

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023

£

£

Finance leases

51,230

112,385

Trade creditors

217,539

232,503

Taxation and social security

138,431

61,092

Other creditors

3,466,583

3,827,753

3,873,783

4,233,733

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2024

2023

£

£

Finance leases

507,307

558,582

Other creditors

3,154,235

3,609,256

3,661,542

4,167,838

9.

RESERVES

Retained

Share

earnings

premium

Totals

£

£

£

At 1st January 2024

2,516,916

36,845

2,553,761

Profit for the year

193,784

193,784

Dividends

(1,000

)

(1,000

)

At 31st December 2024

2,709,700

36,845

2,746,545

10.	DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31st December 2024 and 31st December 2023:

2024

2023

£

£

J A Harrison

Balance outstanding at start of year

21,000

20,000

Amounts advanced

500

1,000

Amounts repaid

-

-

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

21,500

21,000

11.	ULTIMATE CONTROLLING PARTY

The ultimate controlling party is J A Harrison.