Caseware UK (AP4) 2022.0.179 2022.0.179 2023-03-312023-03-31falsetrue2022-04-015The principal acitivity in the year under review were those of a travel agent.7trueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. 08218306 2022-04-01 2023-03-31 08218306 2021-04-01 2022-03-31 08218306 2023-03-31 08218306 2022-03-31 08218306 c:Director1 2022-04-01 2023-03-31 08218306 c:Director2 2022-04-01 2023-03-31 08218306 c:Director3 2022-04-01 2023-03-31 08218306 c:RegisteredOffice 2022-04-01 2023-03-31 08218306 d:FurnitureFittings 2022-04-01 2023-03-31 08218306 d:FurnitureFittings 2023-03-31 08218306 d:FurnitureFittings 2022-03-31 08218306 d:FurnitureFittings d:OwnedOrFreeholdAssets 2022-04-01 2023-03-31 08218306 d:ComputerEquipment 2022-04-01 2023-03-31 08218306 d:ComputerEquipment 2023-03-31 08218306 d:ComputerEquipment 2022-03-31 08218306 d:ComputerEquipment d:OwnedOrFreeholdAssets 2022-04-01 2023-03-31 08218306 d:OwnedOrFreeholdAssets 2022-04-01 2023-03-31 08218306 d:CurrentFinancialInstruments 2023-03-31 08218306 d:CurrentFinancialInstruments 2022-03-31 08218306 d:Non-currentFinancialInstruments 2023-03-31 08218306 d:Non-currentFinancialInstruments 2022-03-31 08218306 d:CurrentFinancialInstruments d:WithinOneYear 2023-03-31 08218306 d:CurrentFinancialInstruments d:WithinOneYear 2022-03-31 08218306 d:Non-currentFinancialInstruments d:AfterOneYear 2023-03-31 08218306 d:Non-currentFinancialInstruments d:AfterOneYear 2022-03-31 08218306 d:ShareCapital 2023-03-31 08218306 d:ShareCapital 2022-03-31 08218306 d:RetainedEarningsAccumulatedLosses 2023-03-31 08218306 d:RetainedEarningsAccumulatedLosses 2022-03-31 08218306 c:FRS102 2022-04-01 2023-03-31 08218306 c:AuditExempt-NoAccountantsReport 2022-04-01 2023-03-31 08218306 c:FullAccounts 2022-04-01 2023-03-31 08218306 c:PrivateLimitedCompanyLtd 2022-04-01 2023-03-31 08218306 d:EntityControlledByKeyManagementPersonnel1 2022-04-01 2023-03-31 08218306 d:EntityControlledByKeyManagementPersonnel2 2022-04-01 2023-03-31 08218306 d:EntityControlledByKeyManagementPersonnel3 2022-04-01 2023-03-31 08218306 d:AcceleratedTaxDepreciationDeferredTax 2023-03-31 08218306 d:AcceleratedTaxDepreciationDeferredTax 2022-03-31 08218306 d:OtherDeferredTax 2023-03-31 08218306 d:OtherDeferredTax 2022-03-31 08218306 2 2022-04-01 2023-03-31 iso4217:GBP xbrli:pure
Registered number: 08218306


HAMMERTON CARIBBEAN LIMITED
UNAUDITED
FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023

 
HAMMERTON CARIBBEAN LIMITED
 
 
COMPANY INFORMATION


Directors
M L Hammerton 
L A Hammerton 
G L Hammerton 




Registered number
08218306



Registered office
Sanders Oast
Chart Hill Road

Staplehurst

Kent

TN12 0RW




Accountants
Elman Wall Limited
Accountants

8th Floor

Becket House

36 Old Jewry

London

EC2R 8DD





 
HAMMERTON CARIBBEAN LIMITED
REGISTERED NUMBER:08218306

STATEMENT OF FINANCIAL POSITION
AS AT 31 MARCH 2023

2023
2022
Note
£
£

Fixed assets
  

Tangible assets
 4 
48,477
51,151

  
48,477
51,151

Current assets
  

Debtors: amounts falling due after more than one year
 5 
16,185
227,735

Debtors: amounts falling due within one year
 5 
977,718
502,490

Cash at bank and in hand
 6 
516,109
561,129

  
1,510,012
1,291,354

Creditors: amounts falling due within one year
 7 
(1,221,944)
(802,152)

Net current assets
  
 
 
288,068
 
 
489,202

Total assets less current liabilities
  
336,545
540,353

Creditors: amounts falling due after more than one year
 8 
(19,850)
(295,580)

Provisions for liabilities
  

Deferred tax
 9 
(12,429)
(13,294)

  
 
 
(12,429)
 
 
(13,294)

Net assets
  
304,266
231,479


Capital and reserves
  

Called up share capital 
  
100
100

Profit and loss account
  
304,166
231,379

  
304,266
231,479

Page 1

 
HAMMERTON CARIBBEAN LIMITED
REGISTERED NUMBER:08218306
    
STATEMENT OF FINANCIAL POSITION (CONTINUED)
AS AT 31 MARCH 2023

The directors consider that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and in accordance with the provisions of FRS 102 Section 1A - small entities.

The financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The Company has opted not to file the statement of comprehensive income in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf on 11 September 2023.

M L Hammerton
Director

The notes on pages 3 to 8 form part of these financial statements.
Page 2

 
HAMMERTON CARIBBEAN LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023

1.


General information

Hammerton Caribbean Limited is a private company limited by shares incorporated in England. The address of the registered office is Sanders Oust, Chart Hill Road, Staplehurst, Kent, TN12 0RW. 
The nature of the company's operations and principal activities in the year under review were those of a travel agent.

2.Accounting policies

 
2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with Section 1A of Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006.

The preparation of financial statements in compliance with FRS 102 requires the use of certain critical accounting estimates. It also requires management to exercise judgment in applying the Company's accounting policies.

  
2.2

Revenue

Revenue represents commission receivable excluding VAT, for tours departing during the financial year, recognised on a departure date basis.

 
2.3

Tangible fixed assets

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, using the straight-line method.

Depreciation is provided on the following basis:

Fixtures and fittings
-
25% reducing balance method
Computer equipment
-
33% reducing balance method

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.

 
2.4

Debtors

Short-term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

Page 3

 
HAMMERTON CARIBBEAN LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023

2.Accounting policies (continued)

 
2.5

Cash and cash equivalents

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.

 
2.6

Financial instruments

The Company only enters into basic financial instrument transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors, loans from banks and other third parties, loans to related parties and investments in ordinary shares.

 
2.7

Creditors

Short-term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

 
2.8

Government grants

Grants are accounted under the accruals model as permitted by FRS 102. Grants relating to expenditure on tangible fixed assets are credited to profit or loss at the same rate as the depreciation on the assets to which the grant relates. The deferred element of grants is included in creditors as deferred income.
Grants of a revenue nature are recognised in the Statement of comprehensive income in the same period as the related expenditure.

 
2.9

Finance costs

Finance costs are charged to profit or loss over the term of the debt using the effective interest method so that the amount charged is at a constant rate on the carrying amount. Issue costs are initially recognised as a reduction in the proceeds of the associated capital instrument.

 
2.10

Dividends

Equity dividends are recognised when they become legally payable. Interim equity dividends are recognised when paid. Final equity dividends are recognised when approved by the shareholders at an annual general meeting.

 
2.11

Operating leases: the Company as lessee

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

Benefits received and receivable as an incentive to sign an operating lease are recognised on a straight-line basis over the lease term, unless another systematic basis is representative of the time pattern of the lessee's benefit from the use of the leased asset.

Page 4

 
HAMMERTON CARIBBEAN LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023

2.Accounting policies (continued)

  
2.12

Defined contribution pension plan

The Company operates a defined contribution plan for its employees. A defined contribution plan is a pension plan under which the Company pays fixed contributions into a separate entity. Once the contributions have been paid the Company has no further payment obligations.
The contributions are recognised as an expense in profit or loss when they fall due. Amounts not paid are shown in accruals as a liability in the Statement of financial position. The assets of the plan are held separately from the Company in independently administered funds.

 
2.13

Interest income

Interest income is recognised in profit or loss using the effective interest method.

 
2.14

Current and deferred taxation

The tax expense for the year comprises current and deferred tax. Tax is recognised in profit or loss except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the Company operates and generates income.

Deferred tax balances are recognised in respect of all timing differences that have originated but not reversed by the reporting date, except that:
The recognition of deferred tax assets is limited to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits; and
Any deferred tax balances are reversed if and when all conditions for retaining associated tax allowances have been met.

Deferred tax balances are not recognised in respect of permanent differences except in respect of business combinations, when deferred tax is recognised on the differences between the fair values of assets acquired and the future tax deductions available for them and the differences between the fair values of liabilities acquired and the amount that will be assessed for tax. Deferred tax is determined using tax rates and laws that have been enacted or substantively enacted by the reporting date.

  
2.15

Advance receipts and payments

All revenue received relating to bookings that depart after the balance sheet date is treated as advance receipts and is separately disclosed under accruals and deferred income. Payments made to suppliers relating to bookings that depart after the balance sheet date are treated as advance payments and are separately disclosed under prepayments and accrued income.


3.


Employees

The average monthly number of employees, including directors, during the year was 7 (2022 - 5).

Page 5

 
HAMMERTON CARIBBEAN LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023

4.


Tangible fixed assets





Fixtures and fittings
Computer equipment
Total

£
£
£



Cost or valuation


At 1 April 2022
39,244
59,079
98,323


Additions
6,101
11,688
17,789



At 31 March 2023

45,345
70,767
116,112



Depreciation


At 1 April 2022
16,763
30,409
47,172


Charge for the year on owned assets
7,145
13,318
20,463



At 31 March 2023

23,908
43,727
67,635



Net book value



At 31 March 2023
21,437
27,040
48,477



At 31 March 2022
22,481
28,670
51,151


5.


Debtors

2023
2022
£
£

Due after more than one year

Prepayments and accrued income
16,185
227,735

16,185
227,735


2023
2022
£
£

Due within one year

Other debtors
81,300
7,359

Prepayments and accrued income
896,418
495,131

977,718
502,490


Included in prepayments and accrued income is an amount of £896,418 (2022: £495,131) in relation to monies paid in advance to suppliers in respect of future departures.

Page 6

 
HAMMERTON CARIBBEAN LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023

6.


Cash and cash equivalents

2023
2022
£
£

Cash at bank and in hand
516,109
561,129

516,109
561,129



7.


Creditors: Amounts falling due within one year

2023
2022
£
£

Trade creditors
-
14,920

Corporation tax
77,059
76,341

Other taxation and social security
2,126
32,995

Other creditors
65
9,423

Accruals and deferred income
1,142,694
668,473

1,221,944
802,152


Included within accruals and deferred income is an amount of £1,142,694 (2022: £668,473) in relation to monies received from customers in respect of future departures.


8.


Creditors: Amounts falling due after more than one year

2023
2022
£
£

Accruals and deferred income
19,850
295,580

19,850
295,580



9.


Deferred taxation




2023


£






At beginning of year
(13,294)


Charged to profit or loss
865



At end of year
(12,429)

Page 7

 
HAMMERTON CARIBBEAN LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023
 
9.Deferred taxation (continued)

The provision for deferred taxation is made up as follows:

2023
2022
£
£


Accelerated capital allowances
(11,878)
(13,294)

Short term timing differences
(551)
-

(12,429)
(13,294)


10.


Pension commitments

The Company operates a defined contributions pension scheme. The assets of the scheme are held separately from those of the Company  in an independently administered fund. The pension cost charge represents contributions payable by the Company to the fund and amounted to £120,000 (2022 - £80,364). Contributions totalling £95 (2022 - £249) were payable to the fund at the reporting date and are included in creditors.


11.


Related party transactions

During the year, the company had a loan account outstanding with M Hammerton, a director of the
company. Advances totalled £120,000 (2022: £70,120) and credits totalled £9,174 (2022: £5,521).  Interest of £1,037 (2022: £649) was charged in the year at 2% (2022: 2%). Dividends of £85,850 (2022: £74,460) were paid during the year. At the year end, an amount of £18,991 (2022: £7,022 was owed to) was owed by M Hammerton.
   
During the year, the company had a loan account outstanding with L Hammerton, a director of the
company. Advances totalled £110,000 (2022: £65,120). Interest of £1,371 (2022: £628) was charged in the year at 2% (2022: 2%). Dividends of £83,325 (2022: £71,450) were paid during the year. At the year end, an amount of £25,894 (2022: £2,152 was owed to) was owed by L Hammerton.
During the year, the company had a loan account outstanding with G Hammerton, a director of the
company. Advances totalled £75,900 (2022: £Nil). Interest of £735  (2022: £Nil) was charged in the year at 2% (2022: 2%). Dividends of £46,925 (2022: £Nil) were paid during the year. At the year end, an amount of £29,710 (2022: £Nil) was owed by G Hammerton.

 
Page 8