Caseware UK (AP4) 2022.0.179 2022.0.179 2022-12-312022-12-31false2022-01-0133truefalseThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. 11122976 2022-01-01 2022-12-31 11122976 2021-01-01 2021-12-31 11122976 2022-12-31 11122976 2021-12-31 11122976 c:Director1 2022-01-01 2022-12-31 11122976 d:CurrentFinancialInstruments 2022-12-31 11122976 d:CurrentFinancialInstruments 2021-12-31 11122976 d:CurrentFinancialInstruments d:WithinOneYear 2022-12-31 11122976 d:CurrentFinancialInstruments d:WithinOneYear 2021-12-31 11122976 d:ShareCapital 2022-12-31 11122976 d:ShareCapital 2021-12-31 11122976 d:RetainedEarningsAccumulatedLosses 2022-12-31 11122976 d:RetainedEarningsAccumulatedLosses 2021-12-31 11122976 c:FRS102 2022-01-01 2022-12-31 11122976 c:AuditExempt-NoAccountantsReport 2022-01-01 2022-12-31 11122976 c:FullAccounts 2022-01-01 2022-12-31 11122976 c:PrivateLimitedCompanyLtd 2022-01-01 2022-12-31 iso4217:GBP xbrli:pure

Registered number: 11122976










HAMBLETON LUXURY DEVELOPMENTS LIMITED








UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 31 DECEMBER 2022

 
HAMBLETON LUXURY DEVELOPMENTS LIMITED
REGISTERED NUMBER: 11122976

BALANCE SHEET
AS AT 31 DECEMBER 2022

2022
2021
Note
£
£

  

Current assets
  

Stocks
 4 
104,671
104,671

Debtors: amounts falling due within one year
 5 
12,496
-

Cash at bank and in hand
  
1,750
45,008

  
118,917
149,679

Creditors: amounts falling due within one year
 6 
(66,845)
(96,749)

Net current assets
  
 
 
52,072
 
 
52,930

Total assets less current liabilities
  
52,072
52,930

  

Net assets
  
52,072
52,930


Capital and reserves
  

Called up share capital 
  
1,000
1,000

Profit and loss account
  
51,072
51,930

  
52,072
52,930


Page 1

 
HAMBLETON LUXURY DEVELOPMENTS LIMITED
REGISTERED NUMBER: 11122976
    
BALANCE SHEET (CONTINUED)
AS AT 31 DECEMBER 2022

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 profit and loss account 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 by: 




S Cole
Director

Date: 10 October 2023

The notes on pages 3 to 4 form part of these financial statements.

Page 2

 
HAMBLETON LUXURY DEVELOPMENTS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2022

1.


General information

The company is a private company limited by shares, incorporated in England and Wales. The address of its registered office is 14th Floor, 33 Cavendish Square, London, W1G 0PW.

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 following principal accounting policies have been applied:

 
2.2

Stocks

Stocks are stated at the lower of cost and net realisable value, being the estimated selling price less costs to complete and sell. 

At each balance sheet date, stocks are assessed for impairment. If stock is impaired, the carrying amount is reduced to its selling price less costs to complete and sell. The impairment loss is recognised immediately in profit or loss.

 
2.3

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.

 
2.4

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.

 
2.5

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.

Page 3

 
HAMBLETON LUXURY DEVELOPMENTS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2022

2.Accounting policies (continued)

 
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.
Financial assets that are measured at cost and amortised cost are assessed at the end of each reporting period for objective evidence of impairment. If objective evidence of impairment is found, an impairment loss is recognised in the profit or loss accounts.
Financial assets and liabilities are offset and the net amount reported in the balance sheet when there is an enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.


3.


Employees

The average monthly number of employees, including directors, during the year was 3 (2021 - 3).


4.


Stocks

2022
2021
£
£

Development property costs
104,671
104,671



5.


Debtors

2022
2021
£
£


Other debtors
12,496
-



6.


Creditors: Amounts falling due within one year

2022
2021
£
£

Other creditors
63,425
94,049

Accruals and deferred income
3,420
2,700

66,845
96,749


Included in other creditors are loans of £63,425 (2022: £94,049) due to the directors. The loans are interest free and repayable on demand. 

 
Page 4