REGISTERED NUMBER:
|
|
|
|
|
|
|
|
|
HAMBRIDGE PROPERTY LIMITED |
|
UNAUDITED FINANCIAL STATEMENTS |
|
FOR THE YEAR ENDED 31 OCTOBER 2022 |
|
|
|
|
|
REGISTERED NUMBER:
|
|
|
|
|
|
|
|
|
HAMBRIDGE PROPERTY LIMITED |
|
UNAUDITED FINANCIAL STATEMENTS |
|
FOR THE YEAR ENDED 31 OCTOBER 2022 |
|
|
|
|
|
HAMBRIDGE PROPERTY LIMITED (REGISTERED NUMBER: 11875960) |
|
CONTENTS OF THE FINANCIAL STATEMENTS |
for the year ended 31 October 2022 |
|
|
|
|
|
|
|
|
|
|
Page |
|
Company Information | 1 |
|
Balance Sheet | 2 |
|
Statement of Changes in Equity | 4 |
|
Notes to the Financial Statements | 5 |
|
Chartered Accountants' Report | 8 |
HAMBRIDGE PROPERTY LIMITED |
|
COMPANY INFORMATION |
for the year ended 31 October 2022 |
|
|
|
|
|
|
|
DIRECTORS: |
|
|
|
|
|
|
|
REGISTERED OFFICE: |
|
|
|
|
|
|
|
|
|
|
REGISTERED NUMBER: |
|
|
|
|
|
|
ACCOUNTANTS: |
|
Chartered Accountants |
Ashbourne House |
The Guildway |
Old Portsmouth Road |
Guildford |
Surrey |
GU3 1LR |
HAMBRIDGE PROPERTY LIMITED (REGISTERED NUMBER: 11875960) |
|
BALANCE SHEET |
31 October 2022 |
|
2022 | 2021 |
Notes | £ | £ |
FIXED ASSETS |
Investment property | 4 |
|
|
|
CURRENT ASSETS |
Debtors | 5 |
|
|
Cash in hand |
|
|
|
|
CREDITORS |
Amounts falling due within one year | 6 | ( |
) | ( |
) |
NET CURRENT LIABILITIES | ( |
) | ( |
) |
TOTAL ASSETS LESS CURRENT LIABILITIES |
|
|
|
PROVISIONS FOR LIABILITIES | ( |
) | ( |
) |
NET ASSETS |
|
|
|
CAPITAL AND RESERVES |
Called up share capital |
|
|
Fair value reserve | 7 |
|
|
Retained earnings | 7 |
|
|
|
|
|
|
|
|
|
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. |
HAMBRIDGE PROPERTY LIMITED (REGISTERED NUMBER: 11875960) |
|
BALANCE SHEET - continued |
31 October 2022 |
|
|
|
|
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
|
|
|
|
|
|
|
|
HAMBRIDGE PROPERTY LIMITED (REGISTERED NUMBER: 11875960) |
|
STATEMENT OF CHANGES IN EQUITY |
for the year ended 31 October 2022 |
|
Called up | Fair |
share | Retained | value | Total |
capital | earnings | reserve | equity |
£ | £ | £ | £ |
|
Balance at 1 November 2020 |
|
|
|
|
|
Changes in equity |
Transfer | - | (282,748 | ) | 282,748 | - |
Dividends | - | ( |
) | - | ( |
) |
Total comprehensive income | - |
|
|
|
Balance at 31 October 2021 |
|
|
|
|
|
Changes in equity |
Transfer | - | (1,150,600 | ) | 1,150,600 | - |
Dividends | - | ( |
) | - | ( |
) |
Total comprehensive income | - |
|
|
|
Balance at 31 October 2022 |
|
|
|
|
HAMBRIDGE PROPERTY LIMITED (REGISTERED NUMBER: 11875960) |
|
NOTES TO THE FINANCIAL STATEMENTS |
for the year ended 31 October 2022 |
|
|
1. | STATUTORY INFORMATION |
|
Hambridge Property Limited is a
|
|
2. | ACCOUNTING POLICIES |
|
Basis of preparing the financial statements |
|
|
Turnover |
Turnover represents the total value, excluding value added tax, of sales earned during the year and derives from the provision of services and rental income from operating leases falling within the company's ordinary activities. Rental income from operating leases, excluding charges made for additional services, is recognised on a straight line basis over the period of the lease. |
|
The company recognises revenue when; the amount of revenue can be reliably measured; it is probable that future economic benefits will flow to the entity; and specific criteria have been met for each of the company's activities. |
|
Investment property |
Investment property is carried at fair value, derived from the current market prices for comparable real estate determined annually. The directors use observable market prices, adjusted if necessary for any difference in the nature, location or condition for the specific asset. Changes in fair value are recognised in income statement. |
|
Financial instruments |
Financial instruments are classified by directors as basic or non-basic following the conditions on FRS 102 Section 11. Basic financial instruments are initially measured at transaction price (including transaction cost) and subsequently recognised at amortised cost using the effective interest method. The company does not have any non-basic financial instruments. |
|
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. |
HAMBRIDGE PROPERTY LIMITED (REGISTERED NUMBER: 11875960) |
|
NOTES TO THE FINANCIAL STATEMENTS - continued |
for the year ended 31 October 2022 |
|
|
2. | ACCOUNTING POLICIES - continued |
|
Pension costs and other post-retirement benefits |
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate. |
|
3. | EMPLOYEES AND DIRECTORS |
|
The average number of employees during the year was
|
|
4. | INVESTMENT PROPERTY |
Total |
£ |
FAIR VALUE |
At 1 November 2021 |
|
Revaluations | 315,000 |
At 31 October 2022 |
|
NET BOOK VALUE |
At 31 October 2022 |
|
At 31 October 2021 |
|
|
The investment properties have been revalued by a director of the company, or an open market value for existing use basis. The carrying value of investment properties represent the gross amount of assets held for use in operating leases. |
|
There has been no valuation of investment property by an independent valuer. |
|
Fair value at 31 October 2022 is represented by: |
£ |
Valuation in 2020 | 132,500 |
Valuation in 2021 | 460,000 |
Valuation in 2022 | 315,000 |
Cost | 3,852,500 |
4,760,000 |
|
5. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
2022 | 2021 |
£ | £ |
Trade debtors |
|
|
Other debtors |
|
|
|
|
HAMBRIDGE PROPERTY LIMITED (REGISTERED NUMBER: 11875960) |
|
NOTES TO THE FINANCIAL STATEMENTS - continued |
for the year ended 31 October 2022 |
|
|
6. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
2022 | 2021 |
£ | £ |
Trade creditors |
|
|
Amounts owed to group undertakings |
|
|
Taxation and social security |
|
|
Other creditors |
|
|
|
|
|
7. | RESERVES |
Fair |
Retained | value |
earnings | reserve | Totals |
£ | £ | £ |
|
At 1 November 2021 |
|
|
4,210,786 |
Profit for the year |
|
- |
|
Dividends | ( |
) | - | ( |
) |
Transfers | (1,150,600 | ) | 1,150,600 | - |
At 31 October 2022 |
|
|
4,354,230 |
|
8. | PARENT AND ULTIMATE PARENT UNDERTAKING |
|
The company's immediate parent is Hambridge Group Holdings Limited, incorporated in England and Wales. The parent's registered office is Barley Row 90-98 High Street Odiham, Hook, Hampshire, United Kingdom, RG29 1LP |
CHARTERED ACCOUNTANTS' REPORT TO THE BOARD OF DIRECTORS |
ON THE UNAUDITED FINANCIAL STATEMENTS OF |
HAMBRIDGE PROPERTY LIMITED |
|
|
The following reproduces the text of the report prepared for the directors in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Directors are not required to be filed with the Registrar of Companies. |
|
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Hambridge Property Limited for the year ended 31 October 2022 which comprise the Income Statement, Balance Sheet, Statement of Changes in Equity and the related notes from the company's accounting records and from information and explanations you have given us. |
|
As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance. |
|
This report is made solely to the Board of Directors of Hambridge Property Limited, as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Hambridge Property Limited and state those matters that we have agreed to state to the Board of Directors of Hambridge Property Limited, as a body, in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Hambridge Property Limited and its Board of Directors, as a body, for our work or for this report. |
|
It is your duty to ensure that Hambridge Property Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Hambridge Property Limited. You consider that Hambridge Property Limited is exempt from the statutory audit requirement for the year. |
|
We have not been instructed to carry out an audit or a review of the financial statements of Hambridge Property Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements. |
|
This report should not be regarded as suitable to be used or relied on by any other party wishing to acquire any rights against Bessler Hendrie LLP for any purpose or in any context. Any party, other than the Directors which obtain access to this report or a copy and chooses to rely on this report (or any part of it) will do so at its own risk. |
|
|
|
|
|
|
|
Chartered Accountants |
Ashbourne House |
The Guildway |
Old Portsmouth Road |
Guildford |
Surrey |
GU3 1LR |
|
|
|