REGISTERED NUMBER: 05454655 (England and Wales)

Financial Statements for the Year Ended 31 March 2025

for

Sutton House Ltd

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

Directors:

K T Mann

M J Smith

P J Westcott

Registered office:

17 St Owen Street

Hereford

HR1 2JB

Registered number:

05454655 (England and Wales)

Auditors:

Acre Accountancy Limited

Statutory Auditor

Certified Accountants

Unit 2 Foley Works

Foley Trading Estate

Hereford

Herefordshire

HR1 2SF

FIXED ASSETS

Tangible assets

4

99,665

133,062

Investments

5

30,054

10,054

129,719

143,116

CURRENT ASSETS

Debtors

6

373,712

243,835

Cash at bank and in hand

113,169

338,741

486,881

582,576

CREDITORS

Amounts falling due within one year

7

(246,796

)

(246,601

)

NET CURRENT ASSETS

240,085

335,975

TOTAL ASSETS LESS CURRENT LIABILITIES

369,804

479,091

CREDITORS

Amounts falling due after more than one year

8

-

(39,199

)

NET ASSETS

369,804

439,892

CAPITAL AND RESERVES

Called up share capital

11

200

200

Retained earnings

369,604

439,692

SHAREHOLDERS' FUNDS

369,804

439,892

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 26 November 2025 and were signed on its behalf by:

P J Westcott - Director

1.	STATUTORY INFORMATION

Sutton House Ltd 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

Revenue is recognised to the extent that it is probable that the economic benefits will flow to the company and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before revenue is recognised:

Rendering of services

Revenue from a contract to provide services is recognised in the period in which the services are provided in accordance with the stage of completion of the contract when all of the following conditions are satisfied:

- The amount of revenue can be measured reliably;

- It is probable that the company will receive the consideration due under the contract;

- The stage of completion of the contract at the end of the reporting period can be measured reliably; and

- The costs incurred and the costs to complete the contract can be measured reliably.

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

-

33% on cost and 20% on cost

Motor vehicles

-

25% on 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.

Foreign currencies

Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result.

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.

Assets obtained under hire purchase contracts and finance leases are capitalised as tangible fixed assets. Assets acquired by finance lease are depreciated over the shorter of the lease term and their useful lives. Assets acquired by un hire purchase are depreciated over their useful lives. Finance leases are those where substantially all of the benefits and risks of ownership[ are assumed by the company. Obligations under such agreements are included in creditors net of the finance charge allocated to future periods.The finance element of the rental payment is charged to the profit or loss so as to produce a constant periodic rate of charge on the net obligation outstanding in each period.

Pension costs and other post-retirement benefits

The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

Going concern

The directors have reviewed budgets and forecasts for a period of 12 months from approval of the financial statements. Considering this and profits generated by the company, as well as adequate resources to continue in operational existence for the foreseeable future. Accordingly, they continue to adopt the going concern basis in preparing the financial statements.

Valuation of investments

Investments in unlisted company shares, whose market value can be reliably determined, are remeasured to market value at each reporting date. Gains and losses on remeasurement are recognised in the Statement of Comprehensive Income for the period. Where market value cannot be reliably determined, such investments are stated at historic cost less impairment.

Debtors

Short-term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

Creditors

Short-term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 16 (2024 - 13 ) .

4.	TANGIBLE FIXED ASSETS

Fixtures

and

Motor

fittings

vehicles

Totals

£

£

£

Cost

At 1 April 2024

148,618

162,919

311,537

Additions

-

75,373

75,373

Disposals

2,690

(98,315

)

(95,625

)

At 31 March 2025

151,308

139,977

291,285

Depreciation

At 1 April 2024

118,238

60,237

178,475

Charge for year

20,699

47,662

68,361

Eliminated on disposal

(1,778

)

(53,438

)

(55,216

)

At 31 March 2025

137,159

54,461

191,620

Net book value

At 31 March 2025

14,149

85,516

99,665

At 31 March 2024

30,380

102,682

133,062

The net book value of assets held under finance leases or hire purchase contracts, included in motor vehicles above, are 2025 £nil (2024: £40,463).

5.	FIXED ASSET INVESTMENTS

Other

investments

£

Cost

At 1 April 2024

10,054

Additions

20,000

At 31 March 2025

30,054

Net book value

At 31 March 2025

30,054

At 31 March 2024

10,054

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade debtors

331,892

203,081

Amounts owed by group undertakings

-

13,817

Other debtors

41,820

26,937

373,712

243,835

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Hire purchase contracts (see note 9)

-

9,302

Trade creditors

34,019

45,281

Amounts owed to group undertakings

-

2,680

Taxation and social security

159,096

148,122

Other creditors

53,681

41,216

246,796

246,601

Secured creditors

Obligations under finance lease and hire purchase contracts are secured against the assets they relate to.

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2025

2024

£

£

Hire purchase contracts (see note 9)

-

39,199

Secured creditors

Obligations under finance lease and hire purchase contracts are secured against the assets they relate to.

9.	LEASING AGREEMENTS

Minimum lease payments fall due as follows:

Hire purchase

contracts

2025

2024

£

£

Net obligations repayable:

Within one year

-

9,302

Between one and five years

-

39,199

-

48,501

Non-cancellable

operating leases

2025

2024

£

£

Within one year

38,967

63,048

Between one and five years

-

51,577

38,967

114,625

10.	DEFERRED TAX

£

Balance at 1 April 2024

(26,937

)

Provided during year

17,817

Balance at 31 March 2025

(9,120

)

11.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2025

2024

value:

£

£

200

Ordinary

£1

200

200

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

The Report of the Auditors was unqualified.

Russell Spencer (Senior Statutory Auditor)

for and on behalf of Acre Accountancy Limited

13.	PENSION COMMITMENTS

The company operates a defined contribution pension scheme. The assets of the scheme are held separately from those of the company in an independently administered fund. The pension cost charge represents contributions payable by the company to the fund and amounted to £50,713 (2024: £43,195). Contributions totalling £7,850 (2024: £3,590) were payable to the fund at the reporting date and are included in creditors.

14.	RELATED PARTY TRANSACTIONS

During the year transactions occurred with the immediate parent company. Sales were made totalling £Nil (2024: £76,025), with a remaining balance due at the year end of £Nil (2024: £13,817).Management charges and rent were charged by the immediate parent of £164,831 (2024 £165,588), with a balance owed at the year end of £Nil (2024 £Nil)..

During the year, transactions occurred with another group subsidiary company. Sales were made totalling £nil (2024: £7,677), with a remaining balance due at the year end of £Nil (2024: £Nil). Purchases were made totalling £1,985 (2024: £47,242), with a balance owed at the year end of £nil (2024: 2,680).

15.	ULTIMATE CONTROLLING PARTY

From 1 April 2024, the company is controlled by 1NewCo Ltd. The ultimate controlling party is still Mr K Mann by virtue of their shareholding.

The smallest group in which the results of the company are consolidated is that headed by 1NewCo Ltd. The address of 1 NewCo Ltd's registered office is Foley Trading Estate, Hereford, HR1 2SF.