Hampden 21 Ltd 12448334 false 2022-04-01 2023-03-31 2023-03-31 The principal activity of the company is other letting and operating of owned or leased real estate. Digita Accounts Production Advanced 6.30.9574.0 true 12448334 2022-04-01 2023-03-31 12448334 2023-03-31 12448334 bus:OrdinaryShareClass1 2023-03-31 12448334 core:OtherMiscellaneousReserve 2023-03-31 12448334 core:OtherReservesSubtotal 2023-03-31 12448334 core:RetainedEarningsAccumulatedLosses 2023-03-31 12448334 core:ShareCapital 2023-03-31 12448334 core:CurrentFinancialInstruments 2023-03-31 12448334 core:CurrentFinancialInstruments core:WithinOneYear 2023-03-31 12448334 core:Non-currentFinancialInstruments 2023-03-31 12448334 core:Non-currentFinancialInstruments core:AfterOneYear 2023-03-31 12448334 core:MoreThanFiveYears 2 2023-03-31 12448334 core:FurnitureFittingsToolsEquipment 2023-03-31 12448334 core:OtherPropertyPlantEquipment 2023-03-31 12448334 bus:SmallEntities 2022-04-01 2023-03-31 12448334 bus:AuditExemptWithAccountantsReport 2022-04-01 2023-03-31 12448334 bus:FullAccounts 2022-04-01 2023-03-31 12448334 bus:SmallCompaniesRegimeForAccounts 2022-04-01 2023-03-31 12448334 bus:RegisteredOffice 2022-04-01 2023-03-31 12448334 bus:Director1 2022-04-01 2023-03-31 12448334 bus:OrdinaryShareClass1 2022-04-01 2023-03-31 12448334 bus:PrivateLimitedCompanyLtd 2022-04-01 2023-03-31 12448334 core:OtherMiscellaneousReserve 2022-04-01 2023-03-31 12448334 core:RetainedEarningsAccumulatedLosses 2022-04-01 2023-03-31 12448334 core:ShareCapital 2022-04-01 2023-03-31 12448334 core:FurnitureFittings 2022-04-01 2023-03-31 12448334 core:FurnitureFittingsToolsEquipment 2022-04-01 2023-03-31 12448334 core:OfficeEquipment 2022-04-01 2023-03-31 12448334 core:OtherPropertyPlantEquipment 2022-04-01 2023-03-31 12448334 countries:EnglandWales 2022-04-01 2023-03-31 12448334 2022-03-31 12448334 core:OtherMiscellaneousReserve 2022-03-31 12448334 core:RetainedEarningsAccumulatedLosses 2022-03-31 12448334 core:ShareCapital 2022-03-31 12448334 core:FurnitureFittingsToolsEquipment 2022-03-31 12448334 core:OtherPropertyPlantEquipment 2022-03-31 12448334 2021-04-01 2022-03-31 12448334 2022-03-31 12448334 bus:OrdinaryShareClass1 2022-03-31 12448334 core:OtherMiscellaneousReserve 2022-03-31 12448334 core:OtherReservesSubtotal 2022-03-31 12448334 core:RetainedEarningsAccumulatedLosses 2022-03-31 12448334 core:ShareCapital 2022-03-31 12448334 core:CurrentFinancialInstruments 2022-03-31 12448334 core:CurrentFinancialInstruments core:WithinOneYear 2022-03-31 12448334 core:Non-currentFinancialInstruments 2022-03-31 12448334 core:Non-currentFinancialInstruments core:AfterOneYear 2022-03-31 12448334 core:MoreThanFiveYears 2 2022-03-31 12448334 core:FurnitureFittingsToolsEquipment 2022-03-31 12448334 core:OtherPropertyPlantEquipment 2022-03-31 12448334 core:OtherMiscellaneousReserve 2021-04-01 2022-03-31 12448334 core:RetainedEarningsAccumulatedLosses 2021-04-01 2022-03-31 12448334 core:ShareCapital 2021-04-01 2022-03-31 12448334 2021-03-31 12448334 core:OtherMiscellaneousReserve 2021-03-31 12448334 core:RetainedEarningsAccumulatedLosses 2021-03-31 12448334 core:ShareCapital 2021-03-31 iso4217:GBP xbrli:pure xbrli:shares

Registration number: 12448334

Hampden 21 Ltd

Unaudited Financial Statements

for the Year Ended 31 March 2023

 

Hampden 21 Ltd

Contents

Company Information

1

Balance Sheet

2 to 3

Statement of Changes in Equity

4

Notes to the Unaudited Financial Statements

5 to 12

 

Hampden 21 Ltd

Company Information

Director

Miss Alexandra Catherine Marsh

Registered office

21 Hampden Road
Bristol
BS4 2JN

Accountants

Four Fifty Partnership
Chartered Accountants
34 Boulevard
Weston-super-Mare
Somerset
BS23 1NF

 

Hampden 21 Ltd

(Registration number: 12448334)
Balance Sheet as at 31 March 2023

Note

2023
£

2022
£

Fixed assets

 

Tangible assets

4

367

597

Investment property

5

130,000

120,000

 

130,367

120,597

Current assets

 

Debtors

6

61

14

Cash at bank and in hand

 

2,256

3,154

 

2,317

3,168

Creditors: Amounts falling due within one year

7

(32,080)

(33,875)

Net current liabilities

 

(29,763)

(30,707)

Total assets less current liabilities

 

100,604

89,890

Creditors: Amounts falling due after more than one year

7

(80,754)

(79,954)

Provisions for liabilities

(3,767)

(1,911)

Net assets

 

16,083

8,025

Capital and reserves

 

Called up share capital

8

10

10

Non-distributable reserves

15,762

7,662

Profit and loss account

311

353

Shareholders' funds

 

16,083

8,025

 

Hampden 21 Ltd

(Registration number: 12448334)
Balance Sheet as at 31 March 2023

For the financial year ending 31 March 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and

The director acknowledges her responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the director has not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the director on 11 October 2023
 

.........................................
Miss Alexandra Catherine Marsh
Director

 

Hampden 21 Ltd

Statement of Changes in Equity for the Year Ended 31 March 2023

Share capital
£

Non-distributable reserve
£

Retained earnings
£

Total
£

At 1 April 2022

10

7,662

353

8,025

Profit for the year

-

-

8,058

8,058

Reserves transfer

-

8,100

(8,100)

-

Total comprehensive income

-

8,100

(42)

8,058

At 31 March 2023

10

15,762

311

16,083

Share capital
£

Non-distributable reserve
£

Retained earnings
£

Total
£

At 1 April 2021

10

-

(920)

(910)

Profit for the year

-

-

9,935

9,935

Other comprehensive income

-

7,662

(7,662)

-

Total comprehensive income

-

7,662

2,273

9,935

Dividends

-

-

(1,000)

(1,000)

At 31 March 2022

10

7,662

353

8,025

 

Hampden 21 Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2023

1

General information

The company is a private company limited by share capital, incorporated in England and Wales.

The address of its registered office is:
21 Hampden Road
Bristol
BS4 2JN

These financial statements were authorised for issue by the director on 11 October 2023.

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

The presentation currency of the financial statements is Pound Sterling (£).

 

Hampden 21 Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2023

2

Accounting policies (continued)

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the provision of services in the ordinary course of the company’s activities. Turnover is shown net of value added tax, returns, rebates and discounts.

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.

Tax

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

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 taxable income.

Deferred tax is recognised in respect of all timing differences between taxable profits and profits reported in the financial statements.

Unrelieved tax losses and other deferred tax assets are recognised when it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference.

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

 

Hampden 21 Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2023

2

Accounting policies (continued)

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class

Depreciation method and rate

Furniture, fittings and equipment

33% straight line

Other property, plant and equipment

15% reducing balance

Investment property

Investment property is carried at fair value, derived from the current market prices for comparable real estate determined annually by external valuers. The valuers use observable market prices, adjusted if necessary for any difference in the nature, location or condition of the specific asset. Changes in fair value are recognised in profit or loss.

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Trade debtors

Trade debtors are amounts due from tenants for services provided in the ordinary course of business.

Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

 

Hampden 21 Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2023

2

Accounting policies (continued)

Borrowings

Interest-bearing borrowings are initially recorded at fair value, net of transaction costs. Interest-bearing borrowings are subsequently carried at amortised cost, with the difference between the proceeds, net of transaction costs, and the amount due on redemption being recognised as a charge to the profit and loss account over the period of the relevant borrowing.

Interest expense is recognised on the basis of the effective interest method and is included in interest payable and similar charges.

Borrowings are classified as current liabilities unless the company has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

Dividends

Dividend distribution to the company’s shareholders is recognised as a liability in the financial statements in the reporting period in which the dividends are declared.

Financial instruments

Classification
Financial instruments are classified and accounted for according to the substance of the contractual arrangement, as either financial assets, liabilities or equity instruments. An equity instruments is any contact that evidences a residual interest in the assets of the company, after deducting all liabilities.
 

3

Staff numbers

The average number of persons employed by the company (including the director) during the year, was 0 (2022 - 0).

 

Hampden 21 Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2023

4

Tangible assets

Furniture, fittings and equipment
 £

Other property, plant and equipment
 £

Total
£

Cost or valuation

At 1 April 2022

498

597

1,095

At 31 March 2023

498

597

1,095

Depreciation

At 1 April 2022

332

166

498

Charge for the year

166

64

230

At 31 March 2023

498

230

728

Carrying amount

At 31 March 2023

-

367

367

At 31 March 2022

166

431

597

5

Investment properties

2023
£

At 1 April

120,000

Fair value adjustments

10,000

At 31 March

130,000

Investment properties were valued by the director at fair value on 31 March 2023.

If investment properties had not been revalued, the cost of the investments would be £110,540 (2022: £110,540), deferred tax has been calculated and appropriately accounted for on the revalued amount.

There has been no valuation of investment property by an independent valuer.

 

Hampden 21 Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2023

6

Debtors

Current

2023
£

2022
£

Prepayments

61

14

 

61

14

7

Creditors

Creditors: amounts falling due within one year

2023
£

2022
£

Due within one year

Taxation and social security

34

233

Accruals and deferred income

3,074

1,670

Other creditors

28,972

31,972

32,080

33,875

 

Hampden 21 Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2023

7

Creditors (continued)

Creditors: amounts falling due after more than one year

Note

2023
£

2022
£

Due after one year

 

Loans and borrowings

10

80,754

79,954

2023
£

2022
£

Due after more than five years

After more than five years not by instalments

80,754

79,954

-

-

8

Share capital

Allotted, called up and fully paid shares

 

2023

2022

 

No.

£

No.

£

Ordinary Shares of £1 each

10

10

10

10

         

9

Related party transactions

A guarantee has been provided to Paragon Bank PLC by the director, for a principle amount of £80,754 plus interest and other costs, in respect of company debts and liabilities to the bank.

 

Hampden 21 Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2023

10

Loans and borrowings

2023
£

2022
£

Non-current loans and borrowings

Bank borrowings

80,754

79,954

Included in the loans and borrowings are the following amounts due after more than five years:

Borrowings due after five years

Security for Bank borrowings

DEBENTURE

Fixed and floating charges in favour of Paragon Bank PLC over the undertaking and all
property and assets, present and future, including goodwill, book debts, uncalled capital
buildings, fixtures and fixed plant and machinery.

FIRST CHARGE

Fixed and floating charges in favour of Paragon Bank PLC. Fixed charge over company owned
investment property being First Floor Flat, 2 Milton Road, Weston-super-Mare, BS23 2SB. Floating charge over the undertaking and all property and mortgaged chattels, present and future.