REGISTERED NUMBER: 07293823 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31ST DECEMBER 2025

FOR

MUD HUT MANAGEMENT LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

N E Nixey

W A Nixey

REGISTERED OFFICE:

Easington Manor

Easington

Watlington

Oxfordshire

OX49 5AZ

REGISTERED NUMBER:

07293823 (England and Wales)

ACCOUNTANTS:

Martin and Company

25 St Thomas Street

Winchester

Hampshire

SO23 9HJ

FIXED ASSETS

Intangible assets

4

2,280

11,400

Tangible assets

5

18,656,948

19,856,948

18,659,228

19,868,348

CURRENT ASSETS

Debtors

6

7,627,684

7,177,461

Cash at bank

609,322

8,052

8,237,006

7,185,513

CREDITORS

Amounts falling due within one year

7

6,325,426

6,325,908

NET CURRENT ASSETS

1,911,580

859,605

TOTAL ASSETS LESS CURRENT LIABILITIES

20,570,808

20,727,953

CREDITORS

Amounts falling due after more than one year

8

(5,277

)

(15,648

)

PROVISIONS FOR LIABILITIES

(3,121,266

)

(3,354,886

)

NET ASSETS

17,444,265

17,357,419

CAPITAL AND RESERVES

Called up share capital

10,011

10,011

Share premium

6,006,868

6,006,868

Retained earnings

11,427,386

11,340,540

17,444,265

17,357,419

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31st December 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 15th September 2026 and were signed on its behalf by:

W A Nixey - Director

N E Nixey - Director

1.	STATUTORY INFORMATION

Mud Hut Management 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.

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 is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Intangible assets

Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Entitlements are being amortised evenly over their estimated useful life of three years.

Tangible fixed assets

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

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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2024 - 2 ) .

4.	INTANGIBLE FIXED ASSETS

Other

intangible

assets

£

COST

At 1st January 2025

and 31st December 2025

27,360

AMORTISATION

At 1st January 2025

15,960

Charge for year

9,120

At 31st December 2025

25,080

NET BOOK VALUE

At 31st December 2025

2,280

At 31st December 2024

11,400

5.	TANGIBLE FIXED ASSETS

Plant and

Land and

machinery

buildings

etc

Totals

£

£

£

COST OR VALUATION

At 1st January 2025

19,850,000

58,908

19,908,908

Disposals

(1,200,000

)

-

(1,200,000

)

At 31st December 2025

18,650,000

58,908

18,708,908

DEPRECIATION

At 1st January 2025

and 31st December 2025

-

51,960

51,960

NET BOOK VALUE

At 31st December 2025

18,650,000

6,948

18,656,948

At 31st December 2024

19,850,000

6,948

19,856,948

Cost or valuation at 31st December 2025 is represented by:

Plant and

Land and

machinery

buildings

etc

Totals

£

£

£

Valuation in 2025

18,650,000

58,908

18,708,908

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

as restated

£

£

Amounts owed by group undertakings

6,924,296

6,384,296

Other debtors

703,388

793,165

7,627,684

7,177,461

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

as restated

£

£

Trade creditors

375

4,183

Other creditors

6,325,051

6,321,725

6,325,426

6,325,908

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2025

2024

as restated

£

£

Bank loans

5,277

15,648

9.	RELATED PARTY DISCLOSURES

A connected party had previously loaned money to the company. At the year end the company owed them £6,293,301 (2024: £6,293,301).

During the year the company loaned a further £540,000 to the parent company and at the year end the company was owed £6,924,296 (2024: £6,384,296).