Silverfin false 31/01/2022 31/01/2022 01/02/2021 M Charlesworth 19/01/2005 25 August 2022 The principal activity of the Company during the financial year was of research consulting. SC278692 2022-01-31 SC278692 bus:Director1 2022-01-31 SC278692 core:CurrentFinancialInstruments 2022-01-31 SC278692 core:CurrentFinancialInstruments 2021-01-31 SC278692 2021-01-31 SC278692 core:ShareCapital 2022-01-31 SC278692 core:ShareCapital 2021-01-31 SC278692 core:RetainedEarningsAccumulatedLosses 2022-01-31 SC278692 core:RetainedEarningsAccumulatedLosses 2021-01-31 SC278692 core:OtherPropertyPlantEquipment 2021-01-31 SC278692 core:OtherPropertyPlantEquipment 2022-01-31 SC278692 bus:OrdinaryShareClass1 2022-01-31 SC278692 2021-02-01 2022-01-31 SC278692 bus:FullAccounts 2021-02-01 2022-01-31 SC278692 bus:SmallEntities 2021-02-01 2022-01-31 SC278692 bus:AuditExemptWithAccountantsReport 2021-02-01 2022-01-31 SC278692 bus:PrivateLimitedCompanyLtd 2021-02-01 2022-01-31 SC278692 bus:Director1 2021-02-01 2022-01-31 SC278692 core:OtherPropertyPlantEquipment core:TopRangeValue 2021-02-01 2022-01-31 SC278692 2020-02-01 2021-01-31 SC278692 bus:OrdinaryShareClass1 2021-02-01 2022-01-31 SC278692 bus:OrdinaryShareClass1 2020-02-01 2021-01-31 iso4217:GBP xbrli:pure xbrli:shares

Company No: SC278692 (Scotland)

HAMPTON BOND ASSOCIATES LIMITED

UNAUDITED FINANCIAL STATEMENTS
FOR THE FINANCIAL YEAR ENDED 31 JANUARY 2022
PAGES FOR FILING WITH THE REGISTRAR

HAMPTON BOND ASSOCIATES LIMITED

UNAUDITED FINANCIAL STATEMENTS

FOR THE FINANCIAL YEAR ENDED 31 JANUARY 2022

Contents

HAMPTON BOND ASSOCIATES LIMITED

BALANCE SHEET

AS AT 31 JANUARY 2022
HAMPTON BOND ASSOCIATES LIMITED

BALANCE SHEET (continued)

AS AT 31 JANUARY 2022
Note 2022 2021
£ £
Current assets
Debtors 4 4,000 9,000
Cash at bank and in hand 3,474 17,333
7,474 26,333
Creditors
Amounts falling due within one year 5 ( 5,956) ( 9,935)
Net current assets 1,518 16,398
Total assets less current liabilities 1,518 16,398
Net assets 1,518 16,398
Capital and reserves
Called-up share capital 6 2 2
Profit and loss account 1,516 16,396
Total shareholder's funds 1,518 16,398

For the financial year ending 31 January 2022 the Company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

The financial statements of Hampton Bond Associates Limited (registered number: SC278692) were approved and authorised for issue by the Director on 25 August 2022. They were signed on its behalf by:

M Charlesworth
Director
HAMPTON BOND ASSOCIATES LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE FINANCIAL YEAR ENDED 31 JANUARY 2022
HAMPTON BOND ASSOCIATES LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE FINANCIAL YEAR ENDED 31 JANUARY 2022
1. Accounting policies

The principal accounting policies are summarised below. They have all been applied consistently throughout the financial year and to the preceding financial year, unless otherwise stated.

General information and basis of accounting

Hampton Bond Associates Limited (the Company) is a private company, limited by shares, incorporated in the United Kingdom under the Companies Act 2006 and is registered in Scotland. The address of the Company's registered office is Johnston Carmichael Llp First Floor, 227 West George Street, Glasgow, G2 2ND, United Kingdom.

The financial statements have been prepared under the historical cost convention, modified to include certain items at fair value, and in accordance with Section 1A of Financial Reporting Standard 102 (FRS 102) ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland’ issued by the Financial Reporting Council and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.

The financial statements are presented in pounds sterling which is the functional currency of the company and rounded to the nearest £.

Going concern

The Company's business activities, together with the factors likely to affect its future development, performance and position are set out in the Director’s Report.

The Company's forecasts and projections, taking account of the continued possible impact of COVID-19 in trading performance, show that the company should be able to operate within the level of its current facilities.

Therefore, the director has a reasonable expectation that the Company has adequate resources to continue in operational existence for the foreseeable future. Thus they continue to adopt the going concern basis of accounting in preparing the annual financial statements.

Turnover

Turnover is recognised at the fair value of the consideration received or receivable for goods and services provided in the normal course of business, and is shown net of VAT and other sales related taxes. The fair value of consideration takes into account trade discounts, settlement discounts and volume rebates.

Turnover is recognised when the significant risks and rewards are considered to have been transferred to the customer.

Taxation

Current tax
Current tax is provided at amounts expected to be paid (or recoverable) using the tax rates and laws that have been enacted or substantively enacted at the Balance Sheet date.

Deferred tax
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the Company's financial statements. Deferred tax is provided in full on timing differences which result in an obligation to pay more or less tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws. Deferred tax assets and liabilities are not discounted.

The carrying amount of deferred tax assets are reviewed at each reporting date and a valuation allowance is set up against deferred tax assets so that the net carrying amount equals the highest amount that is more likely than not to be recovered based on current or future taxable profit.

Tangible fixed assets

Tangible fixed assets are stated at cost or valuation, net of depreciation and any provision for impairment. Depreciation is provided on all tangible fixed assets, other than investment property and freehold land, at rates calculated to write off the cost or valuation, less estimated residual value, of each asset on a straight-line or reducing balance basis over its expected useful life, as follows:

Plant and machinery etc. 4 years straight line

Residual value represents the estimated amount which would currently be obtained from disposal of an asset, after deducting estimated costs of disposal, if the asset were already of the age and in the condition expected at the end of its useful life.

The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to profit or loss.

Impairment of assets

Assets, other than those measured at fair value, are assessed for indicators of impairment at each Balance Sheet date. If there is objective evidence of impairment, an impairment loss is recognised in the Profit and Loss Account as described below.

Cash and cash equivalents

Cash and cash equivalents are basic financial assets and include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in creditors: amounts falling due within one year.

Financial instruments

Financial assets and financial liabilities are recognised when the Company becomes a party to the contractual provisions of the instrument.

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the Company after deducting all of its liabilities.

Financial assets and liabilities are only offset in the Balance Sheet when, and only when there exists a legally enforceable right to set off the recognised amounts and the Company intends either to settle on a net basis, or to realise the asset and settle the liability simultaneously.

Basic financial assets
Basic financial assets, which include debtors and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Financial assets classified as receivable within one year are not amortised.

Basic financial liabilities
Basic financial liabilities, including creditors, bank loans, loans from fellow group companies and preference shares that are classified as debt, are initially recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future payments discounted at a market rate of interest. Financial liabilities classified as payable within one year are not amortised.

Debt instruments are subsequently carried at amortised cost, using the effective interest rate method.

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Amounts payable are classified as current liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities. Trade creditors are recognised initially at transaction price and subsequently measured at amortised cost using the effective interest method.

Equity instruments
Equity instruments issued by the Company are recorded at the fair value of cash or other resources received or receivable, net of direct issue costs. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis. Dividends payable on equity instruments are recognised as liabilities once they are no longer at the discretion of the Company.

2. Employees

2022 2021
Number Number
Monthly average number of persons employed by the Company during the year, including the director 1 1

3. Tangible assets

Plant and machinery etc. Total
£ £
Cost
At 01 February 2021 1,828 1,828
At 31 January 2022 1,828 1,828
Accumulated depreciation
At 01 February 2021 1,828 1,828
At 31 January 2022 1,828 1,828
Net book value
At 31 January 2022 0 0
At 31 January 2021 0 0

4. Debtors

2022 2021
£ £
Trade debtors 0 9,000
Other debtors 4,000 0
4,000 9,000

5. Creditors: amounts falling due within one year

2022 2021
£ £
Other creditors 1,527 2,396
Corporation tax 4,429 4,299
Other taxation and social security 0 3,240
5,956 9,935

6. Called-up share capital

2022 2021
£ £
Allotted, called-up and fully-paid
2 Ordinary shares of £ 1.00 each 2 2