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REGISTERED NUMBER: 02787076 (England and Wales)









Unaudited Financial Statements

for the Year Ended 31 March 2024

for

Hampshire County Estates Limited

Hampshire County Estates Limited (Registered number: 02787076)






Contents of the Financial Statements
for the Year Ended 31 March 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4

Chartered Certified Accountants' Report 7

Hampshire County Estates Limited

Company Information
for the Year Ended 31 March 2024







DIRECTOR: N A Faulkner FRICS





REGISTERED OFFICE: Cobbetts Corner
Tilford Street
Tilford
Surrey
GU10 2AJ





REGISTERED NUMBER: 02787076 (England and Wales)





ACCOUNTANTS: A J Wheeler Limited
338 London Road
Portsmouth
Hampshire
PO2 9JY

Hampshire County Estates Limited (Registered number: 02787076)

Balance Sheet
31 March 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 1,846,553 1,872,633
Investments 5 1,744,110 991,740
3,590,663 2,864,373

CURRENT ASSETS
Debtors 6 139,511 94,845
Cash at bank 5,163 34,028
144,674 128,873
CREDITORS
Amounts falling due within one year 7 56,627 51,021
NET CURRENT ASSETS 88,047 77,852
TOTAL ASSETS LESS CURRENT
LIABILITIES

3,678,710

2,942,225

CREDITORS
Amounts falling due after more than one year 8 1,956,037 939,906
NET ASSETS 1,722,673 2,002,319

CAPITAL AND RESERVES
Called up share capital 1,000 201,000
Revaluation reserve 9 1,648,032 1,648,032
Retained earnings 73,641 153,287
SHAREHOLDERS' FUNDS 1,722,673 2,002,319

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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 County Estates Limited (Registered number: 02787076)

Balance Sheet - continued
31 March 2024


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 director and authorised for issue on 9 August 2024 and were signed by:





N A Faulkner FRICS - Director


Hampshire County Estates Limited (Registered number: 02787076)

Notes to the Financial Statements
for the Year Ended 31 March 2024

1. STATUTORY INFORMATION

Hampshire County Estates 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.

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

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

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.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2023 - 2 ) .

Hampshire County Estates Limited (Registered number: 02787076)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2024

4. TANGIBLE FIXED ASSETS
Plant and
Land and machinery
buildings etc Totals
£    £    £   
COST
At 1 April 2023 1,844,849 74,879 1,919,728
Additions - 2,554 2,554
Disposals - (34,729 ) (34,729 )
At 31 March 2024 1,844,849 42,704 1,887,553
DEPRECIATION
At 1 April 2023 - 47,095 47,095
Charge for year - 851 851
Eliminated on disposal - (6,946 ) (6,946 )
At 31 March 2024 - 41,000 41,000
NET BOOK VALUE
At 31 March 2024 1,844,849 1,704 1,846,553
At 31 March 2023 1,844,849 27,784 1,872,633

Little Park Farm was originally purchased in 2016 and the director has revalued this for current market values.

Following a review of the ground rental portfolio it was established that a number of blocks were due for review. These ground rents have been duly reviewed in accordance with the lease terms and revalued to reflect current market conditions.

Following the successful disposal of a number of private residential housing estates, clearly reflected in the increased turnover for the year, the director has revalued the remaining assets in line with market conditions.

5. FIXED ASSET INVESTMENTS

During the year the company held all the share capital in the following small, close, limited companies:

Steadfast Management Limited
Marlborough House Developments Limited
The Gardens Office Village Limited
Giorgia Limited
Cave Canem Limited
Trois Tours Limited
Limbarni Limited
The Directors Academy Limited


Steadfast Management Limited
The value of the shareholding has increased because a number of private residential housing development sites were sold to the owners, this is reflected in the increased company turnover, and the directors have revalued the remaining sites to reflect current market conditions.

Marlborough House Developments Limited
This company was acquired in 2017 and its principle asset was under offer for disposal during the year. The disposal did not occur but the director has revalued the company to reflect its current market value.

Hampshire County Estates Limited (Registered number: 02787076)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2024

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 28,916 13,525
Other debtors 110,595 81,320
139,511 94,845

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade creditors 7,705 3,904
Taxation and social security 22 11
Other creditors 48,900 47,106
56,627 51,021

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2024 2023
£    £   
Other creditors 1,956,037 939,906

9. RESERVES
Revaluation
reserve
£   
At 1 April 2023
and 31 March 2024 1,648,032

10. CONTINGENT LIABILITIES

A pension is paid to, Mr J A Faulker and Mrs E M Faulkner, the former full time working shareholders as part of the sale of their business interest in the company. On review it is expected that the company will need to pay a further £100,000 as part of the retirement deed conditions.

11. ULTIMATE CONTROLLING PARTY

The controlling party is N A Faulkner FRICS.

Chartered Certified Accountants' Report to the Director
on the Unaudited Financial Statements of
Hampshire County Estates Limited

The following reproduces the text of the report prepared for the director 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 Director 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, we have prepared for your approval the financial statements of Hampshire County Estates Limited for the year ended 31 March 2024 which comprise the Income Statement, Balance Sheet and the related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Association of Chartered Certified Accountants, we are subject to its ethical and other professional requirements which are detailed at http://www.accaglobal.com/rulebook.

This report is made solely to the director of Hampshire County Estates Limited in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Hampshire County Estates Limited and state those matters that we have agreed to state to the director of Hampshire County Estates Limited in this report in accordance with the requirements of the Association of Chartered Certified Accountants as detailed at http://www.accaglobal.com/factsheet163. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the company and its director for our work or for this report.

It is your duty to ensure that Hampshire County Estates 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 loss of Hampshire County Estates Limited. You consider that Hampshire County Estates 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 financial statements of Hampshire County Estates 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 financial statements.






A J Wheeler Limited
338 London Road
Portsmouth
Hampshire
PO2 9JY


Date: .............................................