Company registration number 08793813 (England and Wales)
HAMBLETON USA LIMITED
UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023
PAGES FOR FILING WITH REGISTRAR
HAMBLETON USA LIMITED
CONTENTS
Page
Balance sheet
1
Notes to the financial statements
2 - 3
HAMBLETON USA LIMITED
BALANCE SHEET
AS AT 31 DECEMBER 2023
31 December 2023
- 1 -
2023
2022
Notes
£
£
£
£
Fixed assets
Investments
3
1,726,467
1,726,458
Current assets
Cash at bank and in hand
1,242
355
Creditors: amounts falling due within one year
5
(9)
-
0
Net current assets
1,233
355
Net assets
1,727,700
1,726,813
Capital and reserves
Called up share capital
1,047,290
1,047,290
Share premium account
679,278
679,278
Profit and loss reserves
1,132
245
Total equity
1,727,700
1,726,813

The directors of the company have elected not to include a copy of the profit and loss account within the financial statements.true

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

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

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.

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The financial statements were approved by the board of directors and authorised for issue on 15 August 2024 and are signed on its behalf by:
Jeanne Bianco
Director
Company Registration No. 08793813
HAMBLETON USA LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023
- 2 -
1
Accounting policies
Company information

Hambleton USA Limited is a private company limited by shares incorporated in England and Wales. The registered office is Dalton Airfield, Dalton Industrial Estate, Thirsk, North Yorkshire, YO7 3JN.

1.1
Accounting convention

These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. The disclosure requirements of section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The financial statements are prepared in sterling, which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest £.

The financial statements have been prepared under the historical cost convention. The principal accounting policies adopted are set out below.

1.2
Cash and cash equivalents

Cash and cash equivalents are basic financial assets and include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities.

1.3
Taxation

The tax expense represents the sum of the tax currently payable and deferred tax.

Current tax

The tax currently payable is based on taxable profit for the year. Taxable profit differs from net profit as reported in the profit and loss account because it excludes items of income or expense that are taxable or deductible in other years and it further excludes items that are never taxable or deductible. The company’s liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the reporting end date.

1.4
Foreign exchange

Transactions in foreign currencies are initially recorded at the functional currency rate prevailing at the date of the transaction. Monetary assets and liabilities denominated in foreign currencies are retranslated into the respective functional currency of the entity at the rates prevailing on the reporting period date.

1.5

Investments

Investments in associates accounted for in accordance with the cost model are recorded at cost less any accumulated impairement losses.

1.6

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.

1.7

Dividends

Dividend distribution to the company's shareholders is recognised as a liability in the financial statement in the reporting period in which the dividends are declared.

HAMBLETON USA LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2023
- 3 -
2
Employees

The average monthly number of persons (including directors) employed by the company during the year was:

2023
2022
Number
Number
Total
-
0
-
0
3
Fixed asset investments
2023
2022
£
£
Shares in group undertakings and participating interests
1,726,467
1,726,458
Movements in fixed asset investments
Shares in subsidiaries and associates
£
Cost or valuation
At 1 January 2023
1,726,458
Additions
9
At 31 December 2023
1,726,467
Carrying amount
At 31 December 2023
1,726,467
At 31 December 2022
1,726,458
Significant undertakings

Details of investments in which the company owns 20% of more of the nomianl value of any asset class of share capital are as follows:

Name of undertaking
Registered office
Class of
% Held
shares held
Direct
National Tube Supply Company
USA
Common stock
33.00
Nataional Tube Supply Canada Inc
Canada
Common stock
33.00
5
Creditors: amounts falling due within one year
2023
2022
£
£
Other creditors
9
-
0
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