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REGISTERED NUMBER: 10669355 (England and Wales)















FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST MARCH 2023

FOR

HAMPSHIRE BROADBAND LIMITED
TRADING AS
HAMPSHIRE COMMUNITY BROADBAND

HAMPSHIRE BROADBAND LIMITED (REGISTERED NUMBER: 10669355)
TRADING AS HAMPSHIRE COMMUNITY BROADBAND






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31ST MARCH 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4

Chartered Accountant's Report 7

HAMPSHIRE BROADBAND LIMITED
TRADING AS HAMPSHIRE COMMUNITY BROADBAND

COMPANY INFORMATION
FOR THE YEAR ENDED 31ST MARCH 2023







DIRECTORS: M G Slatford
C G Radford
T J Forsyth





SECRETARY: G Jenkins





REGISTERED OFFICE: 5 High Green
Great Shelford
Cambridge
Cambridgeshire
CB22 5EG





REGISTERED NUMBER: 10669355 (England and Wales)





ACCOUNTANT: Tayabali & White
Pitt House Farm
Ashford Hill
Thatcham
RG19 8BN

HAMPSHIRE BROADBAND LIMITED (REGISTERED NUMBER: 10669355)
TRADING AS HAMPSHIRE COMMUNITY BROADBAND

BALANCE SHEET
31ST MARCH 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 14,336 17,920
Tangible assets 5 601,888 618,928
616,224 636,848

CURRENT ASSETS
Debtors 6 12,131 5,746
Cash at bank 42,454 37,320
54,585 43,066
CREDITORS
Amounts falling due within one year 7 28,206 28,198
NET CURRENT ASSETS 26,379 14,868
TOTAL ASSETS LESS CURRENT
LIABILITIES

642,603

651,716

CREDITORS
Amounts falling due after more than one
year

8

19,997

75,039
NET ASSETS 622,606 576,677

CAPITAL AND RESERVES
Called up share capital 162,071 162,071
Share premium 5,850 5,850
Retained earnings 454,685 408,756
622,606 576,677

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31st March 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31st March 2023 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:
(a)ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

HAMPSHIRE BROADBAND LIMITED (REGISTERED NUMBER: 10669355)
TRADING AS HAMPSHIRE COMMUNITY BROADBAND

BALANCE SHEET - continued
31ST MARCH 2023


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

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 20th October 2023 and were signed on its behalf by:





C G Radford - Director


HAMPSHIRE BROADBAND LIMITED (REGISTERED NUMBER: 10669355)
TRADING AS HAMPSHIRE COMMUNITY BROADBAND

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31ST MARCH 2023

1. STATUTORY INFORMATION

Hampshire Broadband Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

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


2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a customer list in 2022, is being amortised evenly over its estimated useful life of five years.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off the cost less estimated residual value of each asset over its estimated useful life.

Infrastructure Build Costs 4% per annum on a monthly basis from the date of purchase.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

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

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was NIL (2022 - NIL).

HAMPSHIRE BROADBAND LIMITED (REGISTERED NUMBER: 10669355)
TRADING AS HAMPSHIRE COMMUNITY BROADBAND

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31ST MARCH 2023

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1st April 2022
and 31st March 2023 17,920
AMORTISATION
Charge for year 3,584
At 31st March 2023 3,584
NET BOOK VALUE
At 31st March 2023 14,336
At 31st March 2022 17,920

5. TANGIBLE FIXED ASSETS
Infrastructure
Build
Costs
£   
COST
At 1st April 2022 690,372
Additions 10,800
At 31st March 2023 701,172
DEPRECIATION
At 1st April 2022 71,444
Charge for year 27,840
At 31st March 2023 99,284
NET BOOK VALUE
At 31st March 2023 601,888
At 31st March 2022 618,928

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 2,994 2,496
Other debtors 5,394 360
Prepayments and accrued income 3,743 2,890
12,131 5,746

HAMPSHIRE BROADBAND LIMITED (REGISTERED NUMBER: 10669355)
TRADING AS HAMPSHIRE COMMUNITY BROADBAND

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31ST MARCH 2023

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade creditors 31 1,380
VAT 4,532 5,220
Deferred income 12,303 16,715
Accrued expenses 11,340 4,883
28,206 28,198

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2023 2022
£    £   
Shareholder loans 19,997 75,039

9. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The loan's are interest free and repayable on demand.

CHARTERED ACCOUNTANT'S REPORT TO THE BOARD OF DIRECTORS
ON THE UNAUDITED FINANCIAL STATEMENTS OF
HAMPSHIRE BROADBAND LIMITED

The following reproduces the text of the report prepared for the directors in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Directors are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, I have prepared for your approval the financial statements of Hampshire Broadband Limited for the year ended 31st March 2023 which comprise the Income Statement, Balance Sheet, Statement of Changes in Equity and the related notes from the company's accounting records and from information and explanations you have given me.

As a practising member of the Institute of Chartered Accountants in England and Wales (ICAEW), I am subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the Board of Directors of Hampshire Broadband Limited, as a body, in accordance with my terms of engagement. My work has been undertaken solely to prepare for your approval the financial statements of Hampshire Broadband Limited and state those matters that I have agreed to state to the Board of Directors of Hampshire Broadband Limited, as a body, in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, I do not accept or assume responsibility to anyone other than Hampshire Broadband Limited and its Board of Directors, as a body, for my work or for this report.

It is your duty to ensure that Hampshire Broadband Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Hampshire Broadband Limited. You consider that Hampshire Broadband Limited is exempt from the statutory audit requirement for the year.

I have not been instructed to carry out an audit or a review of the financial statements of Hampshire Broadband Limited. For this reason, I have not verified the accuracy or completeness of the accounting records or information and explanations you have given to me and I do not, therefore, express any opinion on the statutory financial statements.






Tayabali & White
Pitt House Farm
Ashford Hill
Thatcham
RG19 8BN


20th October 2023