Hambro Residential Limited 12710078 false 2022-08-01 2023-07-31 2023-07-31 The principal activity of the company is rental of residential properties. Digita Accounts Production Advanced 6.30.9574.0 true true 12710078 2022-08-01 2023-07-31 12710078 2023-07-31 12710078 core:RetainedEarningsAccumulatedLosses 2023-07-31 12710078 core:ShareCapital 2023-07-31 12710078 core:SharePremium 2023-07-31 12710078 core:CurrentFinancialInstruments 2023-07-31 12710078 core:CurrentFinancialInstruments core:WithinOneYear 2023-07-31 12710078 core:Non-currentFinancialInstruments 2023-07-31 12710078 core:Non-currentFinancialInstruments core:AfterOneYear 2023-07-31 12710078 bus:SmallEntities 2022-08-01 2023-07-31 12710078 bus:AuditExemptWithAccountantsReport 2022-08-01 2023-07-31 12710078 bus:FullAccounts 2022-08-01 2023-07-31 12710078 bus:SmallCompaniesRegimeForAccounts 2022-08-01 2023-07-31 12710078 bus:RegisteredOffice 2022-08-01 2023-07-31 12710078 bus:Director1 2022-08-01 2023-07-31 12710078 bus:Director2 2022-08-01 2023-07-31 12710078 bus:PrivateLimitedCompanyLtd 2022-08-01 2023-07-31 12710078 countries:UnitedKingdom 2022-08-01 2023-07-31 12710078 2022-07-31 12710078 2021-08-01 2022-07-31 12710078 2022-07-31 12710078 core:RetainedEarningsAccumulatedLosses 2022-07-31 12710078 core:ShareCapital 2022-07-31 12710078 core:SharePremium 2022-07-31 12710078 core:CurrentFinancialInstruments 2022-07-31 12710078 core:CurrentFinancialInstruments core:WithinOneYear 2022-07-31 12710078 core:Non-currentFinancialInstruments 2022-07-31 12710078 core:Non-currentFinancialInstruments core:AfterOneYear 2022-07-31 iso4217:GBP xbrli:pure

Registration number: 12710078

Hambro Residential Limited

Unaudited Filleted Financial Statements

for the Year Ended 31 July 2023

 

Hambro Residential Limited

Contents

Company Information

1

Balance Sheet

2 to 3

Notes to the Unaudited Financial Statements

4 to 7

 

Hambro Residential Limited

Company Information

Directors

Mr Jon Stephen Hammersley

Mr David Lee Hammersley

Registered office

Unit 2,
6-10 Lamson Road
Rainham
Essex
RM13 9YY

Accountants

BBK Accountants BMM Limited
Chartered Certified Accountants
4A Roman Road
London
E6 3RX

 

Hambro Residential Limited

(Registration number: 12710078)
Balance Sheet as at 31 July 2023

Note

2023
£

2022
£

Fixed assets

 

Investment property

4

1,705,000

1,780,000

Current assets

 

Debtors

5

60,028

55,164

Cash at bank and in hand

 

70,961

11,945

 

130,989

67,109

Creditors: Amounts falling due within one year

6

(28,610)

(31,686)

Net current assets

 

102,379

35,423

Total assets less current liabilities

 

1,807,379

1,815,423

Creditors: Amounts falling due after more than one year

6

(1,023,000)

(1,068,000)

Net assets

 

784,379

747,423

Capital and reserves

 

Called up share capital

1,000

1,000

Share premium reserve

711,000

711,000

Retained earnings

72,379

35,423

Shareholders' funds

 

784,379

747,423

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

Directors' 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 directors acknowledge their 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 directors have not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the Board on 15 April 2024 and signed on its behalf by:
 

 

Hambro Residential Limited

(Registration number: 12710078)
Balance Sheet as at 31 July 2023

.........................................
Mr Jon Stephen Hammersley
Director

.........................................
Mr David Lee Hammersley
Director

 

Hambro Residential Limited

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

1

General information

The company is a private company limited by share capital, incorporated in United Kingdom.

The address of its registered office is:
Unit 2,
6-10 Lamson Road
Rainham
Essex
RM13 9YY
England

These financial statements were authorised for issue by the Board on 15 April 2024.

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.

Going concern

The financial statements have been prepared on a going concern basis.

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. Turnover is shown net of sales/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 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.

 

Hambro Residential Limited

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

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 customers for merchandise sold or services performed 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.

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.

3

Staff numbers

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

 

Hambro Residential Limited

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

4

Investment properties

2023
£

At 1 August

1,780,000

Disposals

(75,000)

At 31 July

1,705,000

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

5

Debtors

Current

2023
£

2022
£

Trade debtors

1,085

2,245

Prepayments

943

2,919

Other debtors

58,000

50,000

 

60,028

55,164

 

Hambro Residential Limited

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

6

Creditors

Creditors: amounts falling due within one year

2023
£

2022
£

Due within one year

Trade creditors

3,144

4,509

Taxation and social security

8,668

3,958

Accruals and deferred income

780

750

Other creditors

16,018

22,469

28,610

31,686

Creditors: amounts falling due after more than one year

Note

2023
£

2022
£

Due after one year

 

Loans and borrowings

7

1,023,000

1,068,000

7

Loans and borrowings

2023
£

2022
£

Non-current loans and borrowings

Bank borrowings

1,023,000

1,068,000