Registration number:
Litton Holdings Limited
for the Year Ended 31 March 2025
Litton Holdings Limited
(Registration number: 05548499)
Balance Sheet as at 31 March 2025
|
Note |
2025 |
2024 |
|
|
Fixed assets |
|||
|
Investments |
|
|
|
|
Current assets |
|||
|
Debtors |
|
|
|
|
Cash at bank and in hand |
|
|
|
|
|
|
||
|
Creditors: Amounts falling due within one year |
( |
( |
|
|
Net current assets |
|
|
|
|
Total assets less current liabilities |
|
|
|
|
Creditors: Amounts falling due after more than one year |
( |
( |
|
|
Net assets |
|
|
|
|
Capital and reserves |
|||
|
Called up share capital |
|
|
|
|
Retained earnings |
|
|
|
|
Shareholders' funds |
|
|
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 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.
.........................................
W M D Twelves
Director
Litton Holdings Limited
Notes to the Unaudited Financial Statements for the Year Ended 31 March 2025
|
Accounting policies |
Statutory information
Litton Holdings Limited is a private company, limited by shares, domiciled in England and Wales, company number 05548499. 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.
Tax
The tax expense for the period comprises current 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.
Investments
Investments in equity shares which are publicly traded or where the fair value can be measured reliably are initially measured at fair value, with changes in fair value recognised in profit or loss. Investments in equity shares which are not publicly traded and where fair value cannot be measured reliably are measured at cost less impairment.
Interest income on debt securities, where applicable, is recognised in income using the effective interest method. Dividends on equity securities are recognised in income when receivable.
Financial instruments
Litton Holdings Limited
Notes to the Unaudited Financial Statements for the Year Ended 31 March 2025 (continued)
|
Staff numbers |
The average number of persons employed by the company (including directors) during the year, was
|
Investments |
|
Shares in group undertakings |
£ |
|
Cost |
|
|
At 1 April 2024 and 31 March 2025 |
|
|
Impairment |
|
|
At 1 April 2024 and at 31 March 2025 |
|
|
Carrying amount |
|
|
At 31 March 2025 |
|
|
At 31 March 2024 |
|
Details of undertakings
Details of the investments in which the company holds 20% or more of the nominal value of any class of share capital are as follows:
|
Undertaking |
Registered office |
Holding |
Proportion of voting rights and shares held |
|
|
2025 |
2024 |
|||
|
Subsidiary undertakings |
||||
|
|
England and Wales |
|
|
|
|
|
England and Wales |
|
|
|
|
|
England and Wales |
|
|
|
|
|
England and Wales |
|
|
|
|
|
England and Wales |
|
|
|
|
|
England and Wales |
|
|
|
|
|
England and Wales |
|
|
|
|
|
England and Wales |
|
|
|
|
|
England and Wales |
|
|
|
Litton Holdings Limited
Notes to the Unaudited Financial Statements for the Year Ended 31 March 2025 (continued)
|
3 |
Investments (continued) |
|
Undertaking |
Registered office |
Holding |
Proportion of voting rights and shares held |
|
|
|
England and Wales |
|
|
|
|
|
England and Wales |
|
|
|
|
|
England and Wales |
|
|
|
|
|
England and Wales |
|
|
|
|
Associates |
||||
|
|
England and Wales |
Ordinary |
|
|
|
|
England and Wales |
Ordinary |
|
|
|
|
England and Wales |
Ordinary |
|
|
For the year ending 31 March 2025 the above subsidiaries were entitled to exemption from audit under section 477 of the Companies Act 2006 relating to subsidiary companies.
(1) The principal activity of this company is that of a dormant company.
(2) The principal activity of this company is deriving income and gains from property.
(3) The principal activity of this company is the construction of commercial buildings.
(4) Litton (Brunswick Park) Limited was dissolved on 28 May 2024.
(5) Derby Estates Limited was dissolved on 21 January 2025.
|
Debtors |
|
2025 |
2024 |
|
|
Other debtors |
|
|
|
Due after one year |
||
|
Amounts owed by group undertakings |
|
|
Litton Holdings Limited
Notes to the Unaudited Financial Statements for the Year Ended 31 March 2025 (continued)
|
Creditors |
|
2025 |
2024 |
|
|
Due within one year |
||
|
Amounts owed to group undertakings |
|
|
|
Taxation and social security |
|
|
|
Accruals and deferred income |
|
|
|
Other creditors |
|
|
|
|
|
|
Due after one year |
||
|
Amount owed to group undertakings |
|
|
|
Share capital |
Allotted, called up and fully paid shares
|
2025 |
2024 |
|||
|
No. |
£ |
No. |
£ |
|
|
Ordinary A shares of £1 each |
7,000 |
7,000 |
7,000 |
7,000 |
|
Ordinary B shares of £1 each |
3,000 |
3,000 |
3,000 |
3,000 |
|
Ordinary C shares of £1 each |
1,360 |
1,360 |
1,360 |
1,360 |
|
|
|
|
|
|
Litton Holdings Limited
Notes to the Unaudited Financial Statements for the Year Ended 31 March 2025 (continued)
|
6 |
Share capital (continued) |
Voting:
Ordinary A, B and C shares rank equally for voting rights.
Dividends and distributions:
Ordinary A shares are entitled to dividend payments or any other distribution following payment of a preferential dividend payment on the Ordinary B shares.
Ordinary B shares are entitled to a preferential dividend of £15.405 per annum.
Ordinary C shares are not entitled to dividend payments or any other distribution.
Return on capital:
Ordinary A shares are entitled to the balance on a winding up of the company after payment of the capital values on the Ordinary B shares.
Ordinary B shares are entitled to a preferred right to any unpaid preferential dividend and a fixed amount of £770.25 per share on a winding up of the company.
Ordinary C shares are entitled to receive par value on a winding up of the company after payment of the capital values on the Ordinary B shares.
Redeemable:
Ordinary A, B and C shares are not redeemable.
|
Related party transactions |
The company has taken advantage of the exemption under FRS102 S33.1A not to disclose transactions between group companies.
Included within other creditors are amounts due to the directors of £236,681 (2024: £18,200).
|
Parent and ultimate parent undertaking |
The ultimate parent company is Scorpio Securities Limited, a company incorporated in England and Wales.