Hampson Properties Limited - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 12783676 (England and Wales)

Unaudited Financial Statements

for the Period 31 July 2020 to 30 September 2021

for

Hampson Properties Limited

Page

Company Information

1

Abridged Balance Sheet

2

Notes to the Financial Statements

4

DIRECTOR:

R Walton

REGISTERED OFFICE:

A & B Valley House

Pant-Glas Ind Est

Bedwas

Caerphilly

CF83 8DR

REGISTERED NUMBER:

12783676 (England and Wales)

ACCOUNTANTS:

Macey Owen Limited

5, Willow Walk

Cowbridge

Vale of Glamorgan

CF71 7EE

FIXED ASSETS

Tangible assets

4

109,242

CURRENT ASSETS

Stocks

1,000

Debtors

583

Cash at bank

4,559

6,142

CREDITORS

Amounts falling due within one year

(85,406

)

NET CURRENT LIABILITIES

(79,264

)

TOTAL ASSETS LESS CURRENT LIABILITIES

29,978

CREDITORS

Amounts falling due after more than one year

(100,000

)

NET LIABILITIES

(70,022

)

CAPITAL AND RESERVES

Called up share capital

100

Retained earnings

(70,122

)

(70,022

)

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the period ended 30 September 2021.

The members have not required the company to obtain an audit of its financial statements for the period ended 30 September 2021 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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.

All the members have consented to the preparation of an abridged Income Statement and an abridged Balance Sheet for the period ended 30 September 2021 in accordance with Section 444(2A) of the Companies Act 2006.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 27 April 2022 and were signed by:

R Walton - Director

1.	STATUTORY INFORMATION

Hampson Properties 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.

At the year end, the company had net liabilities. The director is confident that the company will be able to meet its liabilities as and then they fall due for a period of no less than 12 months from the date of signing these financial statements.

As a result these financial statements have been prepared on the basis that the company is a going concern.

Turnover

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

Tangible fixed assets

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

Plant and machinery etc

-

20% on reducing balance

Government grants

All revenue based grants are recognized income on a systematic basis over the periods in which the entity recognizes the related costs for which the grant is intended to compensate.

The grants shall be recognised in income in the period in which they become receivable.

Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Taxation

Taxation for the period 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 period 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.

Hire purchase and leasing commitments

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

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 period was 13 .

4.	TANGIBLE FIXED ASSETS

Totals

£

COST

Additions

118,100

At 30 September 2021

118,100

DEPRECIATION

Charge for period

8,858

At 30 September 2021

8,858

NET BOOK VALUE

At 30 September 2021

109,242

5.	CAPITAL COMMITMENTS

£

Contracted but not provided for in the

financial statements

117,600

During the year, the company entered into a 15 year lease with no break clause.

6.	DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

During the year, the shareholder and director introduced money into the company. At the year end, the company owed the director £173k of which £100k is included in long term creditors

7.	ULTIMATE CONTROLLING PARTY

The controlling party is R Walton.