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Registration number: 03429804

Hammonds Mead Limited

Annual Report and Unaudited Financial Statements Year Ended 30 September 2023

image-name

Chartered Accountants

 

Hammonds Mead Limited

Contents

Company Information

1

Director's Report

2

Accountants' Report

3

Profit and Loss Account

4

Balance Sheet

5

Statement of Changes in Equity

6

Notes to the Unaudited Financial Statements

7 to 8

 

Hammonds Mead Limited

Company Information

Director

Mr D G Yeo

Registered office

Unity Chambers
34 High East Street
Dorchester
Dorset
DT1 1HA

Accountants

Edwards & Keeping
Chartered Accountants
Unity Chambers
34 High East Street
Dorchester
Dorset
DT1 1HA

 

Hammonds Mead Limited

Director's Report
for the Year Ended 30 September 2023

The director presents his report and the financial statements for the year ended 30 September 2023.

Directors of the company

The directors who held office during the year were as follows:

Mrs S Pennell (ceased 29 August 2023)

Mr A P Gordon-Wright (ceased 29 August 2023)

Mr D G Yeo (appointed 29 August 2023)

Principal activity

The principal activity of the company is the provision of property management services in respect of the premises at Hammonds Mead, Charmouth, Dorset.

Small companies provision statement

This report has 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.

Approved by the director on 16 February 2024 and signed on its behalf by:




Mr D G Yeo
Director

 

Chartered Accountants' Report to the Director on the Preparation of the Unaudited Statutory Accounts of
Hammonds Mead Limitedfor the Year Ended 30 September 2023

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of Hammonds Mead Limited for the year ended 30 September 2023 as set out on pages 4 to 8 from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed at
http://www.icaew.com/regulation.

This report is made solely to the Board of Directors of Hammonds Mead Limited, as a body, in accordance with the terms of our engagement letter dated 15 January 2024. Our work has been undertaken solely to prepare for your approval the accounts of Hammonds Mead Limited and state those matters that we have agreed to state to the Board of Directors of Hammonds Mead Limited, as a body, in this report in accordance with ICAEW Technical Release 07/16 AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Hammonds Mead Limited and its Board of Directors as a body for our work or for this report.

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

We have not been instructed to carry out an audit or a review of the accounts of Hammonds Mead Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory accounts.






Edwards & Keeping
Chartered Accountants
Unity Chambers
34 High East Street
Dorchester
Dorset
DT1 1HA

26 February 2024

 

Hammonds Mead Limited

Profit and Loss Account
for the Year Ended 30 September 2023

2023
  £

2022
  £

Turnover

9,420

9,420

Administrative expenses

(20,569)

(3,838)

Operating (loss)/profit

(11,149)

5,582

(Loss)/profit before tax

(11,149)

5,582

Taxation

-

-

(Loss)/profit for the financial year

(11,149)

5,582

The above results were derived from continuing operations.

The company has no recognised gains or losses for the year other than the results above.

 

Hammonds Mead Limited

(Registration number: 03429804)
Balance Sheet as at 30 September 2023

Note

2023

 

2022
Restated
 

   

£

£

£

£

Current assets

   

 

Debtors

4

 

2,113

 

2,779

Cash at bank and in hand

   

18,527

 

27,305

   

20,640

 

30,084

Creditors: Amounts falling due within one year

5

 

(2,915)

 

(1,210)

Net assets

   

17,725

 

28,874

Capital and reserves

   

 

Called up share capital

28

 

28

 

Flats reserve

394

 

13,952

 

Communal (Admin) reserve

6,550

 

5,016

 

Car parks reserve

6,773

 

6,123

 

Loop road reserve

 

3,980

 

3,755

 

Profit and loss account

-

 

-

 

   

17,725

 

28,874

For the financial year ending 30 September 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 his 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.

Approved and authorised by the director on 16 February 2024
 



Mr D G Yeo
Director

 

Hammonds Mead Limited

Statement of Changes in Equity
for the Year Ended 30 September 2023

Share capital
£

Flats reserve
£

Communal (Admin) reserve
£

Car parks reserve
£

Loop road reserve
£

Profit and loss account
£

Total
£

At 1 October 2022

28

13,952

5,016

6,123

3,755

-

28,874

Loss for the year

-

-

-

-

-

(11,149)

(11,149)

Total comprehensive income

-

-

-

-

-

(11,149)

(11,149)

Transfers

-

(13,558)

1,534

650

225

11,149

-

At 30 September 2023

28

394

6,550

6,773

3,980

-

17,725

Share capital
£

Flats reserve
£

Communal (Admin) reserve
£

Car parks reserve
£

Loop road reserve
£

Profit and loss account
£

Total
£

At 1 October 2021

28

10,973

3,138

5,623

3,530

-

23,292

Profit for the year

-

-

-

-

-

5,582

5,582

Total comprehensive income

-

-

-

-

-

5,582

5,582

Transfers (Restated)

-

2,979

1,878

500

225

(5,582)

-

At 30 September 2022 (Restated)

28

13,952

5,016

6,123

3,755

-

28,874

 

Hammonds Mead Limited

Notes to the Unaudited Financial Statements
for the Year Ended 30 September 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:
Unity Chambers
34 High East Street
Dorchester
Dorset
DT1 1HA
England

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.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the Company’s activities.

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.

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 residents for services performed in the ordinary course of business.

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.

 

Hammonds Mead Limited

Notes to the Unaudited Financial Statements
for the Year Ended 30 September 2023

3

Staff numbers

The average number of persons employed by the company during the year, was 0 (2022 - 0). The average number of directors on the board during the year, was 2 (2022 - 1).

4

Debtors

2023
£

2022
£

Prepayments

781

747

Amounts due from lessees

1,332

2,032

2,113

2,779

5

Creditors

2023
£

2022
£

Due within one year

Amounts received in advance from lessees

1,800

-

Accruals

1,020

1,135

Other creditors

95

75

2,915

1,210