0 false false false false false false false false false false true false false false false false false No description of principal activity 2022-09-01 Sage Accounts Production Advanced 2023 - FRS102_2023 1,800,000 1,800,000 1,800,000 xbrli:pure xbrli:shares iso4217:GBP 07662323 2022-09-01 2023-08-31 07662323 2023-08-31 07662323 2022-08-31 07662323 2021-09-01 2022-08-31 07662323 2022-08-31 07662323 2021-08-31 07662323 bus:OrdinaryShareClass1 2022-09-01 2023-08-31 07662323 bus:Director1 2022-09-01 2023-08-31 07662323 bus:Director2 2022-09-01 2023-08-31 07662323 core:WithinOneYear 2023-08-31 07662323 core:WithinOneYear 2022-08-31 07662323 core:ShareCapital 2023-08-31 07662323 core:ShareCapital 2022-08-31 07662323 core:RetainedEarningsAccumulatedLosses 2023-08-31 07662323 core:RetainedEarningsAccumulatedLosses 2022-08-31 07662323 core:LandBuildings core:OwnedOrFreeholdAssets 2023-08-31 07662323 core:LandBuildings core:OwnedOrFreeholdAssets 2022-08-31 07662323 bus:SmallEntities 2022-09-01 2023-08-31 07662323 bus:AuditExemptWithAccountantsReport 2022-09-01 2023-08-31 07662323 bus:SmallCompaniesRegimeForAccounts 2022-09-01 2023-08-31 07662323 bus:PrivateLimitedCompanyLtd 2022-09-01 2023-08-31 07662323 bus:FullAccounts 2022-09-01 2023-08-31 07662323 bus:OrdinaryShareClass1 2023-08-31 07662323 bus:OrdinaryShareClass1 2022-08-31
COMPANY REGISTRATION NUMBER: 07662323
Hamico Ltd
Filleted Unaudited Financial Statements
Year ended
31 August 2023
Hamico Ltd
Financial Statements
Year ended 31 August 2023
Contents
Page
Statement of financial position
1
Notes to the financial statements
3
Hamico Ltd
Statement of Financial Position
31 August 2023
2023
2022
Note
£
£
£
£
Fixed assets
Tangible assets
4
1,800,000
1,800,000
Current assets
Debtors
5
60
56
Cash at bank and in hand
20,732
16,847
--------
--------
20,792
16,903
Creditors: amounts falling due within one year
6
105,793
95,805
---------
--------
Net current liabilities
85,001
78,902
------------
------------
Total assets less current liabilities
1,714,999
1,721,098
Provisions
Taxation including deferred tax
70,605
53,618
------------
------------
Net assets
1,644,394
1,667,480
------------
------------
Capital and reserves
Called up share capital
7
100
100
Profit and loss account
1,644,294
1,667,380
------------
------------
Shareholders funds
1,644,394
1,667,480
------------
------------
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
In accordance with section 444 of the Companies Act 2006, the statement of income and retained earnings has not been delivered.
For the year ending 31 August 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 financial statements for the year in question in accordance with section 476 ;
- The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .
Hamico Ltd
Statement of Financial Position (continued)
31 August 2023
These financial statements were approved by the board of directors and authorised for issue on 28 March 2024 , and are signed on behalf of the board by:
K Harris
P Michael
Director
Director
Company registration number: 07662323
Hamico Ltd
Notes to the Financial Statements
Year ended 31 August 2023
1. General information
The company is a private company limited by shares, registered in England and Wales. The address of the registered office is 4 Church Green East, Redditch, Worcs, B98 8BT. The place of business is Quartz House, 20 Clarendon Road, Redhill, Surrey, RH1 1QX.
2. Statement of compliance
These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.
3. Accounting policies
Basis of preparation
The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.
The financial statements are prepared in sterling, which is the functional currency of the entity.
Revenue recognition
Turnover represents rent receivable net of VAT. Where rent is received from customers in advance of the service provided, the amount is recorded as deferred income and included as part of creditors due within one year.
Tax
Current tax represents the amount of tax payable or receivable in respect of the taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date. Deferred tax is recognised in respect of all timing differences at the reporting date. Unrelieved tax losses and other deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date that are expected to apply to the reversal of the timing difference.
Investment property
Investment property is revalued to its fair value at each reporting date and any changes in fair value are recognised in profit or loss.
Financial instruments
Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into, either as financial assets, financial liabilities or equity interests. An equity instrument is any contract that evidences a residual interest in the assets of the entity after deducting all of its financial liabilities.
4. Tangible assets
Investment property
£
Valuation
At 1 September 2022 and 31 August 2023
1,800,000
------------
Carrying amount
At 31 August 2023
1,800,000
------------
At 31 August 2022
1,800,000
------------
Investment property has been valued at the balance sheet dates by the directors. The historical cost of investment property is £1,372,803 (2022 - £1,372,803).
5. Debtors
2023
2022
£
£
Other debtors
60
56
----
----
6. Creditors: amounts falling due within one year
2023
2022
£
£
Social security and other taxes
79,043
69,255
Other creditors
26,750
26,550
---------
--------
105,793
95,805
---------
--------
7. Called up share capital
Issued, called up and fully paid
2023
2022
No.
£
No.
£
Ordinary shares of £ 1 each
100
100
100
100
----
----
----
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