Registration number: 02830749

Litton Properties Limited

(Registration number: 02830749)

Balance Sheet as at 31 March 2025

	Note	2025 £	2024 £
Fixed assets
Tangible assets	3	82,550	34,567
Current assets
Debtors	4	347,737	357,430
Cash at bank and in hand		3,893	16,361
		351,630	373,791
Creditors: Amounts falling due within one year	5	(192,569)	(284,118)
Net current assets		159,061	89,673
Total assets less current liabilities		241,611	124,240
Creditors: Amounts falling due after more than one year	5	(39,896)	(22,594)
Provisions for liabilities		(20,000)	(8,000)
Net assets		181,715	93,646
Capital and reserves
Called up share capital		13,360	13,360
Share premium reserve		332,640	332,640
Retained earnings		(164,285)	(252,354)
Shareholders' funds		181,715	93,646

For the financial year ending 31 March 2025 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 accounts for the year in question in accordance with section 476; and
•	The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime and the option not to file the Directors' Report and the Profit and Loss Account has been taken.

These financial statements, which have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006 and in accordance with the provisions of FRS 102 Section 1A Small Entities, were approved and authorised for issue by the Board on 9 December 2025 and signed on its behalf by:
 

.........................................

W M D Twelves

Director

Litton Properties Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2025

1	Accounting policies

Statutory information

Litton Properties Limited is a private company, limited by shares, domiciled in England and Wales, company number 02830749. The registered office is at Offices 5-7 Lumford Mill, Riverside Business Park, Buxton Road, Bakewell, DE45 1GS.

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A - 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Companies Act 2006.

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value. The presentation currency is United Kingdom pounds sterling, which is the functional currency of the company. The financial statements are those of an individual entity.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the provision of services in the ordinary course of the company’s activities. Turnover is shown net of VAT.

Tax

The tax expense for the period comprises current and deferred tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

Deferred tax is recognised in respect of all timing differences between taxable profits and profits reported in the financial statements.

Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference.

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets over their estimated useful lives, as follows:

Litton Properties Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2025 (continued)

1	Accounting policies (continued)

Asset class	Depreciation method and rate
Fixtures, fittings and equipment	15% straight line
Computer equipment	14 - 33% straight line
Motor vehicles	25% reducing balance

Leases

Leases in which substantially all the risks and rewards of ownership are retained by the lessor are classified as operating leases. Payments made under operating leases are charged to profit or loss on a straight-line basis over the period of the lease.

Leases are classified as finance leases whenever the terms of the lease transfer substantially all the risks and rewards of ownership to the lessee.

Assets held under finance leases are recognised at the lower of their fair value at inception of the lease and the present value of the minimum lease payments. These assets are depreciated on a straight-line basis over the shorter of the useful life of the asset and the lease term. The corresponding liability to the lessor is included in the balance sheet as a finance lease obligation.

Lease payments are apportioned between finance costs in the profit and loss account and reduction of the lease obligation so as to achieve a constant periodic rate of interest on the remaining balance of the liability.

Defined contribution pension obligation

A defined contribution plan is a pension plan under which fixed contributions are paid into a pension fund and the company has no legal or constructive obligation to pay further contributions even if the fund does not hold sufficient assets to pay all employees the benefits relating to employee service in the current and prior periods.

Contributions to defined contribution plans are recognised as employee benefit expense when they are due. If contribution payments exceed the contribution due for service, the excess is recognised as a prepayment.

Financial instruments

Financial instruments are classified and accounted for, according to the substance of the contractual arrangement, as financial assets, financial liabilities or equity instruments. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities. Where shares are issued, any component that creates a financial liability of the company is presented as a liability in the balance sheet. The corresponding dividends relating to the liability component are charged as interest expense in the statement of comprehensive income.

2	Staff numbers

The average number of persons employed by the company (including directors) during the year, was 16 (2024 - 17).

Litton Properties Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2025 (continued)

3	Tangible assets

	Fixtures, fittings and equipment £	Computer equipment £	Motor vehicles  £	Total £
Cost
At 1 April 2024	130,685	117,758	13,895	262,338
Additions	12,022	2,308	62,212	76,542
At 31 March 2025	142,707	120,066	76,107	338,880
Depreciation
At 1 April 2024	112,047	102,911	12,813	227,771
Charge for the year	14,837	6,386	7,336	28,559
At 31 March 2025	126,884	109,297	20,149	256,330
Carrying amount
At 31 March 2025	15,823	10,769	55,958	82,550
At 31 March 2024	18,639	14,847	1,081	34,567

4

Debtors

	2025 £	2024 £
Amounts owed by group undertakings	214,267	346,540
Prepayments and accrued income	133,299	10,890
Other debtors	171	-
	347,737	357,430

5

Creditors

	2025 £	2024 £
Due within one year
Bank loans	10,462	10,654
Trade creditors	11,790	54,427
Amounts owed to group undertakings	96,504	95,776
Taxation and social security	43,426	106,552
Accruals	3,283	3,810
Other creditors	27,104	12,899
	192,569	284,118

Litton Properties Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2025 (continued)

5	Creditors (continued)

	2025 £	2024 £
Due after one year
Bank loans	1,774	11,787
Obligations under finance lease and hire purchase contracts	38,122	10,807
	39,896	22,594