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REGISTERED NUMBER: 08155775 (England and Wales)













Financial Statements

for the Period 1 August 2021 to 30 July 2022

for

Hambleton Investments Limited

Hambleton Investments Limited (Registered number: 08155775)






Contents of the Financial Statements
for the Period 1 August 2021 to 30 July 2022




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Hambleton Investments Limited

Company Information
for the Period 1 August 2021 to 30 July 2022







DIRECTORS: D Wright
S A Wright





REGISTERED OFFICE: 140 Coniscliffe Road
DARLINGTON
Co Durham
DL3 7RT





REGISTERED NUMBER: 08155775 (England and Wales)





ACCOUNTANTS: Clive Owen LLP
Chartered Accountants
140 Coniscliffe Road
DARLINGTON
Co Durham
DL3 7RT

Hambleton Investments Limited (Registered number: 08155775)

Balance Sheet
30 July 2022

2022 2021
Notes £    £    £    £   
FIXED ASSETS
Investment property 4 3,606,456 3,606,456

CURRENT ASSETS
Debtors 5 - 116,250
Cash in hand 2 2
2 116,252
CREDITORS
Amounts falling due within one year 6 1,171,058 892,207
NET CURRENT LIABILITIES (1,171,056 ) (775,955 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

2,435,400

2,830,501

CREDITORS
Amounts falling due after more than one
year

7

(1,828,249

)

(2,313,304

)

PROVISIONS FOR LIABILITIES 8 (338,347 ) (338,347 )
NET ASSETS 268,804 178,850

CAPITAL AND RESERVES
Called up share capital 9 2 2
Fair value reserve 124,653 124,653
Retained earnings 144,149 54,195
SHAREHOLDERS' FUNDS 268,804 178,850

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the period ended 30 July 2022.

The members have not required the company to obtain an audit of its financial statements for the period ended 30 July 2022 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.

Hambleton Investments Limited (Registered number: 08155775)

Balance Sheet - continued
30 July 2022


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 Profit and Loss Account has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 10 November 2023 and were signed on its behalf by:





D Wright - Director


Hambleton Investments Limited (Registered number: 08155775)

Notes to the Financial Statements
for the Period 1 August 2021 to 30 July 2022

1. STATUTORY INFORMATION

Hambleton Investments 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.

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 as modified by the revaluation of certain assets.

There were no material departures from that standard.

The financial statements are prepared on the going concern basis which assumes that the company will continue to trade. However, the validity of the going concern basis is dependent upon the continued support of the parent company. If the company is unable to continue to trade, adjustments would be required to reduce the value of assets to their recoverable amounts, to provide for any further liabilities that might arise and to analyse both fixed assets and long term liabilities as current assets and liabilities.

The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.

Related party exemption
The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned companies within the group.

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

Income recognition
Income is recognised as per the terms of the relevant lease agreements.

Investment property
Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

Taxation
Taxation for the period comprises current and deferred tax. Tax is recognised in the Profit and Loss Account, 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.


Hambleton Investments Limited (Registered number: 08155775)

Notes to the Financial Statements - continued
for the Period 1 August 2021 to 30 July 2022

2. ACCOUNTING POLICIES - continued
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 period 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.

Financial instruments
Basic financial instruments are recognised at amortised cost with charges recognised in profit or loss.

Income recognition
Rental income is recognised in accordance with the contractual terms of the lease.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the period was NIL (2021 - NIL).

4. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 August 2021
and 30 July 2022 3,606,456
NET BOOK VALUE
At 30 July 2022 3,606,456
At 31 July 2021 3,606,456

Fair value at 30 July 2022 is represented by:
£   
Valuation in 2018 463,000
Cost 3,143,456
3,606,456

If investment property had not been revalued it would have been included at the following historical cost:

2022 2021
£    £   
Cost 3,143,456 3,143,456

Investment property was valued on an open market basis on 31 July 2022 by the directors .

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2022 2021
£    £   
Prepayments and accrued income - 116,250

Hambleton Investments Limited (Registered number: 08155775)

Notes to the Financial Statements - continued
for the Period 1 August 2021 to 30 July 2022

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2022 2021
£    £   
Trade creditors 3,667 4,421
Amounts owed to group undertakings 428,000 505,051
Taxation and social security 195,630 86,474
Other creditors 66,000 66,000
Directors' current accounts 230,261 230,261
Accruals and deferred income 247,500 -
1,171,058 892,207

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2022 2021
£    £   
Amounts owed to group undertakings 1,710,749 1,538,304
Amounts owed to related undertaking - 775,000
Accruals and deferred income 117,500 -
1,828,249 2,313,304

8. PROVISIONS FOR LIABILITIES
2022 2021
£    £   
Deferred tax 338,347 338,347

Deferred
tax
£   
Balance at 1 August 2021 338,347
Balance at 30 July 2022 338,347

9. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2022 2021
value: £    £   
1 Ordinary £1 1 1
1 A Ordinary £1 1 1
2 2

Hambleton Investments Limited (Registered number: 08155775)

Notes to the Financial Statements - continued
for the Period 1 August 2021 to 30 July 2022

10. RELATED PARTY DISCLOSURES

2022 2021
£ £

Amounts due to related undertakings - 775,000

Amounts due to directors 230,261 230,261
No interest has been charged.

11. ULTIMATE PARENT COMPANY

The ultimate parent undertaking is Paignton Limited, a company incorporated in the United Kingdom.