REGISTERED NUMBER: 07574577 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST MARCH 2025

FOR

NUTCLOUGH MILL LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTORS:

D S Jagger

T D Jagger

Mrs R L Woodward

SECRETARY:

D S Jagger

REGISTERED OFFICE:

12 Market Street

Hebden Bridge

HX7 6AD

REGISTERED NUMBER:

07574577 (England and Wales)

ACCOUNTANTS:

Cresswells

12 Market Street

Hebden Bridge

West Yorkshire

HX7 6AD

FIXED ASSETS

Tangible assets

4

2,345

2,931

Investment property

5

3,561,294

3,561,294

3,563,639

3,564,225

CURRENT ASSETS

Debtors

6

53,703

2,966

Cash at bank and in hand

170,921

928,164

224,624

931,130

CREDITORS

Amounts falling due within one year

7

770,092

1,628,668

NET CURRENT LIABILITIES

(545,468

)

(697,538

)

TOTAL ASSETS LESS CURRENT LIABILITIES

3,018,171

2,866,687

PROVISIONS FOR LIABILITIES

104,814

104,055

NET ASSETS

2,913,357

2,762,632

CAPITAL AND RESERVES

Called up share capital

8

40

40

Fair value reserve

592,149

592,149

Retained earnings

2,321,168

2,170,443

SHAREHOLDERS' FUNDS

2,913,357

2,762,632

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31st March 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31st March 2025 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 17th September 2025 and were signed on its behalf by:

T D Jagger - Director

1.	STATUTORY INFORMATION

Nutclough Mill 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.

The presentation currency of the financial statements is the Pound Sterling (£).

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.

Turnover

Turnover represents rents receivable.

Tangible fixed assets

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

Fixtures and fittings

-

20% on reducing balance

Computer equipment

-

over 3 years

Investment property

Investment properties are shown at most recent valuation. Any aggregate surplus or deficit arising from changes in market value is transferred to a revaluation reserve. No depreciation is provided on investment properties.

Depreciation is not provided in respect of investment properties. This treatment is a departure from the Companies Act 2006 concerning the depreciation of fixed assets. However,such properties are not held for consumption but for investment and the directors consider systematic annual depreciation would be inappropriate and that this policy is necessary for the accounts to show a true and fair view. Depreciation is only one of many factors reflected in the valuation and the amount which may otherwise have been shown cannot be separately identified or quantified.

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

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 3 (2024 - 3 ) .

4.	TANGIBLE FIXED ASSETS

Fixtures

and

Computer

fittings

equipment

Totals

£

£

£

COST

At 1st April 2024

and 31st March 2025

11,178

1,687

12,865

DEPRECIATION

At 1st April 2024

8,248

1,686

9,934

Charge for year

586

-

586

At 31st March 2025

8,834

1,686

10,520

NET BOOK VALUE

At 31st March 2025

2,344

1

2,345

At 31st March 2024

2,930

1

2,931

5.	INVESTMENT PROPERTY

Total

£

FAIR VALUE

At 1st April 2024

and 31st March 2025

3,561,294

NET BOOK VALUE

At 31st March 2025

3,561,294

At 31st March 2024

3,561,294

Fair value at 31st March 2025 is represented by:

£

Valuation in 2017

19,879

Valuation in 2018

439,872

Valuation in 2021

189,998

Valuation in 2022

(1,121

)

Cost

2,912,666

3,561,294

If investment properties had not been revalued they would have been included at the following historical cost:

2025

2024

£

£

Cost

2,912,666

2,912,666

Investment properties were valued on an open market basis on 31st March 2024 by the directors .

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade debtors

33,136

-

Prepayments and accrued income

20,567

2,966

53,703

2,966

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade creditors

6,809

27,912

Tax

82,141

36,672

VAT

4,398

23,071

Other creditors

575,000

1,350,000

Accrued expenses

101,744

191,013

770,092

1,628,668

8.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2025

2024

value:

£

£

19

Ordinary A

£1

19

19

21

Ordinary B

£1

21

21

40

40

9.	RELATED PARTY DISCLOSURES

Other creditors include the following loans:

D S Jagger Settlement Number 1 - £13,000 (2024 - £338,000)

A S Jagger Settlement Number 1 - £13,000 (2023 - £338,000) .

D S Jagger Settlement No 2 - £274,5000, (2024 - £337,000)

A S Jagger Settlement No 2 - £274,500, (2024 - £337,000 )

During the year the company was charged interest of £16,250 by each Settlement (2024 - £16,250 each) . The directors are Trustees of the Settlements.