Registered number
07196297
The Old Brewery (Hambledon) Limited
Filleted Accounts
31 May 2023
The Old Brewery (Hambledon) Limited
Registered number: 07196297
Balance Sheet
as at 31 May 2023
Notes 2023 2022
£ £
Fixed assets
Tangible assets 3 372 413
Current assets
Debtors 4 884 733
Cash at bank and in hand 28,931 24,049
29,815 24,782
Creditors: amounts falling due within one year 5 (612) (582)
Net current assets 29,203 24,200
Total assets less current liabilities 29,575 24,613
Capital and reserves
Reserve 28,004 22,065
Income and expenditure account 1,571 2,548
29,575 24,613
The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies' regime. The statement of income and retained earnings has not been delivered to the Registrar of Companies.
……………………………………
Mr T H M Wood
Director
Approved by the board on 14 September 2023
The Old Brewery (Hambledon) Limited
Statement of Changes in Equity
for the year ended 31 May 2023
Share capital Reserve Revaluation reserve
Total
£ £ £ £
At 31 May 2021 - 18,062 - 18,062
Transfer from income and expenditure account - 4,003 - 4,003
At 1 June 2022 - 22,065 - 22,065
Transfer from income and expenditure account - 5,939 - 5,939
At 31 May 2023 - 28,004 - 28,004
Changes in the Income and Expenditure Account are disclosed in the Statement of Income and Retained Earnings, which has not been delivered to the Registrar of Companies in accordance with the special provisions applicable to companies subject to the small companies' regime.
The Old Brewery (Hambledon) Limited
Notes to the Accounts
for the year ended 31 May 2023
1 Accounting policies
The principal accounting policies adopted in the preparation of the accounts are set out below; they have remained unchanged from the previous period and have been consistently applied:
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, the financial reporting standard applicable in the UK and Republic of Ireland, Section 1A (small entities). There have been no material departures from that standard.
Income
Income is measured at the fair value of the consideration received or receivable and represents the value of non-returnable annual fees receivable from residents to meet the projected annual costs of maintaining the communal property and potential future costs and risks by way of a reserve.
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulated depreciation and impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Plant and machinery 10% on reducing balance
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
Taxation
No taxation is payable by the entity on its suplus for the year because the company is not trading.
2 Employees 2023 2022
Number Number
Average number of persons employed by the company - -
3 Tangible fixed assets
Plant and machinery
£
Cost
At 1 June 2022 1,068
At 31 May 2023 1,068
Depreciation
At 1 June 2022 655
Charge for the year 41
At 31 May 2023 696
Net book value
At 31 May 2023 372
At 31 May 2022 413
4 Debtors 2023 2022
£ £
Other debtors 884 733
5 Creditors: amounts falling due within one year 2023 2022
£ £
Other creditors 612 582
6 Other information
The Old Brewery (Hambledon) Limited is a private company limited by shares and incorporated in England and Wales. Its registered office is Ralls House, Parklands Business Park, Forest Road, Denmead, Waterlooville, Hants, PO7 6XP.
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