REGISTERED NUMBER: 03895829 (England and Wales)

Financial Statements

for the Year Ended 31 January 2025

for

HATTON PROPERTIES LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTOR:

D L R Hiscox

REGISTERED OFFICE:

7 Montpellier Villas

Cheltenham

GL50 2XE

REGISTERED NUMBER:

03895829 (England and Wales)

AUDITORS:

John S Ward & Co Limited

Statutory Auditors

26-28 Headlands

Kettering

Northamptonshire

NN15 7HP

FIXED ASSETS

Tangible assets

4

2,928,277

2,970,335

Investments

5

760,152

760,152

3,688,429

3,730,487

CURRENT ASSETS

Debtors

6

3,018,026

683,766

Cash at bank

20,884

434,967

3,038,910

1,118,733

CREDITORS

Amounts falling due within one year

7

4,700,025

1,568,325

NET CURRENT LIABILITIES

(1,661,115

)

(449,592

)

TOTAL ASSETS LESS CURRENT LIABILITIES

2,027,314

3,280,895

CREDITORS

Amounts falling due after more than one year

8

(46,194

)

(1,186,239

)

PROVISIONS FOR LIABILITIES

(114,000

)

(96,000

)

NET ASSETS

1,867,120

1,998,656

CAPITAL AND RESERVES

Called up share capital

32,100

32,100

Revaluation reserve

10

9,618

9,618

Retained earnings

1,825,402

1,956,938

1,867,120

1,998,656

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 Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 20 October 2025 and were signed by:

D L R Hiscox - Director

1.	STATUTORY INFORMATION

HATTON PROPERTIES 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 as modified by the revaluation of certain assets.

Preparation of consolidated financial statements

The financial statements contain information about HATTON PROPERTIES LIMITED as an individual company and do not contain consolidated financial information as the parent of a group. The company is exempt under Section 400 of the Companies Act 2006 from the requirements to prepare consolidated financial statements as it and its subsidiary undertaking are included by full consolidation in the consolidated financial statements of its parent, Hatton Group Holdings Limited, Hatton court Hotel, Upton Hill, Upton St Leonards Gloucester GL4 8DE.

Related party exemption

The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over it's estimated useful life

Fixtures, Fittings & Equipment 2 to 15 years.

Freehold property is maintained to a high standard for trading purposes and the Directors consider the economic life is thereby extended so as to make any provision for depreciation immaterial.

Investments in subsidiaries

Investments in subsidiary undertakings are recognised at cost.

Taxation

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

Hire purchase and leasing commitments

Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was NIL (2024 - NIL).

4.	TANGIBLE FIXED ASSETS

Plant and

Land and

machinery

buildings

etc

Totals

£

£

£

COST OR VALUATION

At 1 February 2024

2,223,725

2,474,813

4,698,538

Additions

-

34,199

34,199

At 31 January 2025

2,223,725

2,509,012

4,732,737

DEPRECIATION

At 1 February 2024

-

1,728,203

1,728,203

Charge for year

-

76,257

76,257

At 31 January 2025

-

1,804,460

1,804,460

NET BOOK VALUE

At 31 January 2025

2,223,725

704,552

2,928,277

At 31 January 2024

2,223,725

746,610

2,970,335

Cost or valuation at 31 January 2025 is represented by:

Plant and

Land and

machinery

buildings

etc

Totals

£

£

£

Valuation in 2024

2,223,725

2,509,012

4,732,737

Fixed assets, included in the above, which are held under finance leases are as follows:

Plant and

machinery

etc

£

COST OR VALUATION

At 1 February 2024

233,937

Additions

23,027

At 31 January 2025

256,964

DEPRECIATION

At 1 February 2024

9,514

Charge for year

17,064

At 31 January 2025

26,578

NET BOOK VALUE

At 31 January 2025

230,386

At 31 January 2024

224,423

5.	FIXED ASSET INVESTMENTS

Shares in

group

undertakings

£

COST

At 1 February 2024

and 31 January 2025

760,152

NET BOOK VALUE

At 31 January 2025

760,152

At 31 January 2024

760,152

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Amounts owed by group undertakings

2,039,124

683,766

Other debtors

978,902

-

3,018,026

683,766

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Bank loans and overdrafts

1,100,000

-

Finance leases

71,422

86,817

Trade creditors

28,551

26,074

Amounts owed to group undertakings

1,099,342

1,177,085

Taxation and social security

25,400

25,400

Other creditors

2,375,310

252,949

4,700,025

1,568,325

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2025

2024

£

£

Bank loans

-

1,100,000

Finance leases

46,194

86,239

46,194

1,186,239

9.	SECURED DEBTS

The following secured debts are included within creditors:

2025

2024

£

£

Bank Loans

1,100,000

1,100,000

Other Creditors

2,360,822

238,400

3,460,822

1,338,400

Other creditors are secured by a Fixed and Floating Charge over the assets of the Company.

10.

RESERVES

Revaluation

reserve

£

At 1 February 2024

and 31 January 2025

9,618

11.	DISCLOSURE UNDER SECTION 444(5B) OF THE COMPANIES ACT 2006

The Report of the Auditors was unqualified.

J Nacca FCCA (Senior Statutory Auditor)

for and on behalf of John S Ward & Co Limited

12.	CONTINGENT LIABILITIES

The Company has provided a Cross guarantee to secure the Bank Borrowings of the Company and the 100% Subsidiary Hatton Hotels Group Services Ltd.

13.	RELATED PARTY DISCLOSURES

At 31st January 2025 the company owed £2,297,614 (2024 £155,780) to related party companies outside the Group.

At 31st January 2025the Company owed £63,208 (2024 £82,620) VEA Hiscox

14.	POST BALANCE SHEET EVENTS

On 20th March 2025 the company sold Hatton Court Hotel

15.	ULTIMATE CONTROLLING PARTY

The controlling party is Mrs VEA Hiscox.

The ultimate holding company is Hatton Group Holdings Ltd a company incorporated in England.