Hutton Developments Limited 31/12/2024 iXBRL

Company registration number: 09916727

Hutton Developments Limited

Unaudited filleted financial statements

31 December 2024

Hutton Developments Limited

Contents

Directors and other information

Accountants report

Statement of financial position

Notes to the financial statements

Hutton Developments Limited

Directors and other information


	Directors	Mr Colin Philip Devine
		Mr Ronald Bryan Devine


	Company number	09916727


	Registered office	59 Turbine Way
		Swaffham
		Norfolk
		PE37 7XD


	Accountants	4cast
		Heritage House
		Woodside Lane
		Hatfield
		AL9 6DE

Hutton Developments Limited

Report to the board of directors on the preparation of the

unaudited statutory financial statements of Hutton Developments Limited

Year ended 31 December 2024

As described on the statement of financial position, the directors of the company are responsible for the preparation of the financial statements for the year ended 31 December 2024 which comprise the statement of financial position and related notes.

You consider that the company is exempt from an audit under the Companies Act 2006. In accordance with your instructions we have compiled these unaudited financial statements in order to assist you to fulfil your statutory responsibilities, from the accounting records and from information and explanations supplied to us.

4cast

Heritage House

Woodside Lane

Hatfield

AL9 6DE

30 September 2025

Hutton Developments Limited

Statement of financial position

31 December 2024

		2024		2023
	Note	£	£	£	£

Current assets
Debtors	4	698,795		685,772
Investments	5	508,157		508,157
Cash at bank and in hand		922,972		1,065,514
		_______		_______
		2,129,924		2,259,443
Creditors: amounts falling due
within one year	6	( 5,972)		( 15,400)
		_______		_______
Net current assets			2,123,952		2,244,043
			_______		_______
Total assets less current liabilities			2,123,952		2,244,043

Creditors: amounts falling due
after more than one year	7		( 1,438,978)		( 1,576,643)
			_______		_______
Net assets			684,974		667,400
			_______		_______

Capital and reserves
Called up share capital			100		100
Profit and loss account			684,874		667,300
			_______		_______
Shareholders funds			684,974		667,400
			_______		_______

For the year ending 31 December 2024 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 year in question in accordance with section 476;

- The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.

In accordance with section 444 of the Companies Act 2006, the statement of comprehensive income has not been delivered.

These financial statements were approved by the board of directors and authorised for issue on 30 September 2025 , and are signed on behalf of the board by:

Mr Ronald Bryan Devine

Director

Company registration number: 09916727

Hutton Developments Limited

Notes to the financial statements

Year ended 31 December 2024

1. General information

The company is a private company limited by shares, registered in England and Wales. The address of the registered office is 59 Turbine Way, Swaffham, Norfolk, PE37 7XD.

2. Statement of compliance

These financial statements have been prepared in compliance with the provisions of FRS 102, Section 1A, 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.

3. Accounting policies

Basis of preparation

The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.

The financial statements are prepared in sterling, which is the functional currency of the entity.

Consolidation

The company has taken advantage of the option not to prepare consolidated financial statements contained in Section 398 of the Companies Act 2006 on the basis that the company and its subsidiary undertakings comprise a small group.

Turnover

Turnover is measured at the fair value of the consideration received or receivable for goods supplied and services rendered, net of discounts and Value Added Tax.

Revenue from the sale of goods is recognised when the significant risks and rewards of ownership have transferred to the buyer (usually on despatch of the goods); the amount of revenue can be measured reliably; it is probable that the associated economic benefits will flow to the entity; and the costs incurred or to be incurred in respect of the transactions can be measured reliably.

Taxation

The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in the statement of comprehensive income, except to the extent that it relates to items recognised in other comprehensive income or directly in capital and reserves. In this case, tax is recognised in other comprehensive income or directly in capital and reserves, respectively. Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.

Deferred tax is recognised in respect of all timing differences at the reporting date. Unrelieved tax losses and other deferred tax assets are recognised to the extent that 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 that are expected to apply to the reversal of the timing difference.

Financial instruments

A financial asset or a financial liability is recognised only when the company becomes a party to the contractual provisions of the instrument. Basic financial instruments are initially recognised at the transaction price, unless the arrangement constitutes a financing transaction, where it is recognised at the present value of the future payments discounted at a market rate of interest for a similar debt instrument. Debt instruments are subsequently measured at amortised cost. Where investments in non-convertible preference shares and non-puttable ordinary shares or preference shares are publicly traded or their fair value can otherwise be measured reliably, the investment is subsequently measured at fair value with changes in fair value recognised in profit or loss. All other such investments are subsequently measured at cost less impairment. Other financial instruments, including derivatives, are initially recognised at fair value, unless payment for an asset is deferred beyond normal business terms or financed at a rate of interest that is not a market rate, in which case the asset is measured at the present value of the future payments discounted at a market rate of interest for a similar debt instrument. Other financial instruments are subsequently measured at fair value, with any changes recognised in profit or loss, with the exception of hedging instruments in a designated hedging relationship.

Financial assets that are measured at cost or amortised cost are reviewed for objective evidence of impairment at the end of each reporting date. If there is objective evidence of impairment, an impairment loss is recognised in profit or loss immediately. For all equity instruments regardless of significance, and other financial assets that are individually significant, these are assessed individually for impairment. Other financial assets or either assessed individually or grouped on the basis of similar credit risk characteristics. Any reversals of impairment are recognised in profit or loss immediately, to the extent that the reversal does not result in a carrying amount of the financial asset that exceeds what the carrying amount would have been had the impairment not previously been recognised.

4. Debtors

	2024	2023
	£	£
Trade debtors	1,800	1,800
Amounts owed by group undertakings and undertakings in which the company has a participating interest	405,838	405,838
Other debtors	291,157	278,134
	_______	_______
	698,795	685,772
	_______	_______

Other debtors includes loan of £288,312 to Charies R Devine.

5. Investments

	2024	2023
	£	£
Investments	508,107	508,107
Investments Other	50	50
	_______	_______
	508,157	508,157
	_______	_______

6. Creditors: amounts falling due within one year

	2024	2023
	£	£
Corporation tax	4,122	6,781
Other creditors	1,850	8,619
	_______	_______
	5,972	15,400
	_______	_______

7. Creditors: amounts falling due after more than one year

	2024	2023
	£	£
Amounts owed to group undertakings and undertakings in which the company has a participating interest	1,438,978	1,576,643
	_______	_______

8. Directors advances, credits and guarantees

	Balance brought forward and o/standing	Balance brought forward and o/standing
	2024	2023
	£	£
Mr Colin Philip Devine	-	6,819
	_______	_______

9. Related party transactions

During the year under review company has extended a loan of £220,000 to a company in which both of the directors' - Mr Colin Devine and Mr Ronald Devine are also directors.During the year under review company has extended a loan of £185,838 to a company in which one of the directors' - Mr Colin Devine is director. During the year under review company has a loan from a company totalling to £1,438,978 in which Mr Colin Devine and Mr Ronald Devine are directors.