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Registered number: 10666981
Hut-3 Limited
Unaudited Financial Statements
For The Year Ended 31 December 2025
Michael Price Associates Limited
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—6
Page 1
Balance Sheet
Registered number: 10666981
2025 2024
as restated
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 20,120 20,468
20,120 20,468
CURRENT ASSETS
Debtors 5 1,013,117 824,759
Cash at bank and in hand 1,134,618 1,277,173
2,147,735 2,101,932
Creditors: Amounts Falling Due Within One Year 6 (2,008,162 ) (1,967,272 )
NET CURRENT ASSETS (LIABILITIES) 139,573 134,660
TOTAL ASSETS LESS CURRENT LIABILITIES 159,693 155,128
PROVISIONS FOR LIABILITIES
Deferred Taxation 7 (5,030 ) (5,117 )
NET ASSETS 154,663 150,011
CAPITAL AND RESERVES
Called up share capital 8 110 100
Profit and Loss Account 154,553 149,911
SHAREHOLDERS' FUNDS 154,663 150,011
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For the year ending 31 December 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The member has not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
On behalf of the board
A G Johnson
Director
12/08/2026
The notes on pages 3 to 6 form part of these financial statements.
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Notes to the Financial Statements
1. General Information
Hut-3 Limited is a private company, limited by shares, incorporated in England & Wales, registered number 10666981 . The registered office is Np-105, Icentre Howard Way, Interchange Park, Newport Pagnell, MK16 9PY.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
2.2. Going Concern Disclosure
The directors have not identified any material uncertainties related to events or conditions that may cast significant doubt about the company's ability to continue as a going concern.
2.3. Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.
2.4. Research and Development
Expenditure incurred on research activities is recognised as an expense in the period in which it is incurred, as it is not possible at the research stage to demonstrate that the project will generate future economic benefits.
Development expenditure is capitalised as an intangible asset only when the recognition criteria set out in FRS 102 are met, including that the asset will generate probable future economic benefits and that the cost of the asset can be measured reliably. Development expenditure that does not meet these criteria is recognised as an expense as incurred.
Where it is not possible to distinguish between the research phase and the development phase of an internal project, expenditure is treated as arising from the research phase only and is expensed as incurred.
2.5. Tangible Fixed Assets and Depreciation
Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
Plant & Machinery 25% on cost
2.6. Leasing and Hire Purchase Contracts
Assets obtained under finance leases are capitalised as tangible fixed assets. Assets acquired under finance leases are depreciated over the shorter of the lease term and their useful lives. Assets acquired under hire purchase contracts 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 the creditors net of the finance charge allocated to future periods. The finance element of the rental payment is charged to the profit and loss account so as to produce a constant periodic rate of charge on the net obligation outstanding in each period.
Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged to the profit and loss account as incurred.
2.7. Foreign Currencies
Monetary 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 ruling on the date of the transaction. Exchange differences are taken into account in arriving at the operating profit.
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2.8. Taxation
Income tax expense represents the sum of the tax currently payable and deferred tax.
The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the statement of comprehensive income because of items of income or expense that are taxable or deductible in other years and items that are never taxable or deductible. The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.
Deferred tax is recognised on timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. Deferred tax liabilities are generally recognised for all taxable timing differences. Deferred tax assets are generally recognised for all deductible temporary differences to the extent that it is probable that taxable profits will be available against which those deductible timing differences can be utilised. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered.
Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period. Deferred tax liabilities are presented within provisions for liabilities and deferred tax assets within debtors. The measurement of deferred tax liabilities and assets reflect the tax consequences that would follow from the manner in which the Company expects, at the end of the reporting period, to recover or settle the carrying amount of its assets and liabilities.
Current and deferred tax are recognised in profit or loss for the year, except when they relate to items that are recognised in other comprehensive income or directly in equity, in which case current and deferred tax are recognised in other comprehensive income or directly in equity respectively.
2.9. Pensions
The company operates a defined pension contribution scheme. Contributions are charged to the profit and loss account as they become payable in accordance with the rules of the scheme.
2.10. Cash and Cash Equivalents
Cash and cash equivalents comprise cash at bank, cash in hand, and money market funds that are readily convertible to known amounts of cash and subject to an insignificant risk of changes in value. These balances are held to meet short-term operational needs.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 17 (2024: 14)
17 14
4. Tangible Assets
Plant & Machinery
£
Cost
As at 1 January 2025 43,478
Additions 12,642
Disposals (4,160 )
As at 31 December 2025 51,960
Depreciation
As at 1 January 2025 23,010
Provided during the period 12,990
Disposals (4,160 )
As at 31 December 2025 31,840
...CONTINUED
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Net Book Value
As at 31 December 2025 20,120
As at 1 January 2025 20,468
5. Debtors
2025 2024
as restated
£ £
Due within one year
Trade debtors 944,675 754,311
Prepayments and accrued income 68,442 70,448
1,013,117 824,759
6. Creditors: Amounts Falling Due Within One Year
2025 2024
as restated
£ £
Trade creditors 209,832 165,422
Corporation tax 239,538 212,814
Other taxes and social security 47,623 35,309
VAT 65,047 90,326
Other creditors 132,636 4,724
Accruals and deferred income 894,578 887,965
Amounts owed to group undertakings 418,908 570,712
2,008,162 1,967,272
7. Deferred Taxation
The provision for deferred tax is made up as follows:
2025 2024
as restated
£ £
Other timing differences 5,030 5,117
8. Share Capital
2025 2024
as restated
Allotted, called up and fully paid £ £
100 Ordinary Shares of £ 1.00 each 100 100
1,000 Ordinary A shares of £ 0.01 each 10 -
110 100
Shares issued during the period: £
1,000 Ordinary A shares of £ 0.01 each 10
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9. Ultimate Controlling Party
The company's ultimate controlling party is HUT-3 Holdings Ltd by virtue of its ownership of the entire issued Ordinary share capital and the associated voting rights of the company.
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