HUTCHEON SERVICES LIMITED

Values shown as filed in the company's annual accounts. — indicates the figure wasn't present under that line item in that period. About these numbers

• Turnover

  -4.9%

  £21,603,311 → £20,545,437

• Cash

  +11.1%

  £2,529,820 → £2,809,672

  highest in 3 filed years

• Net assets

  +10.3%

  £2,326,243 → £2,566,595

• Employees

  -5%

  181 → 172

  lowest in 3 filed years

• Operating profit

  -1.8%

  £1,451,853 → £1,426,377

• Profit before tax

  -6.9%

  £1,472,168 → £1,370,430

• Wages

  -9.2%

  £9,388,089 → £8,521,846

Each % is (latest − prior) ÷ |prior| for the line item as filed. The comparison is only shown when the latest and prior accounts cover broadly equal-length periods — short or long stubs (typical around incorporation or a year-end change) are suppressed rather than misrepresented. Lines a company doesn't report are omitted. About these numbers

Margins divide P&L lines by turnover. Gearing is liabilities over total assets. Current ratio is current assets over creditors falling due within one year. Interest cover is operating profit over absolute finance costs. Sector-distribution context coming next.

1. HUTCHEON SERVICES LIMITED 1992-12-21 → present
2. GAS PROPERTY COMPANY LIMITED 1980-06-17 → 1992-12-21

Accounting basis

FRS 102

Reporting scope

Standalone (parent only)

Auditor

BK Plus Audit Limited

Audit opinion

Unqualified (clean)

Going concern

Affirmed

“the directors' use of the going concern basis of accounting in the preparation of the financial statements is appropriate. Based on the work we have performed, we have not identified any material uncertainties relating to events or conditions that, individually or collectively, may cast significant doubt on the company's ability to continue as a going concern for a period of at least twelve months from when the financial statements are authorised for issue.”

Significant events

• “Subsequent to the year end, the company was advised by the investment entity's agents that a tax tribunal dealing with a test case had upheld HMRC's position that the investment entity's losses were not allowable for corporate tax deduction. At the date of sign off of these accounts, the corporate investors and their advisers are considering an appeal to a higher tax tribunal to contest the decision of the lower tier tribunal and thereby to have the losses allowed. Where there is ultimately no appeal made to an upper tier tribunal, or where such an appeal proceeds and is unsuccessful, the company would become liable to repay the tax saved on claiming the loss share of £141,000, as well as interest from the relevant tax year to date of determination, which interest amount could be in the region of £55,000. Due to the ongoing uncertainty in relation to the resolution of this matter, no provision has been made in the 2024 accounts for tax payable and related interest.”

Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers

Filings

8

last 12 months

Capital events

0

last 24 months

Officers appointed

0

last 12 months

Officers resigned

0

last 12 months

Direct counts from the register. No score, no rating — see the Filing timeline for the underlying events.