Company registration number 08794204 (England and Wales)
HAMBLETON NTS LIMITED
UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023
PAGES FOR FILING WITH REGISTRAR
HAMBLETON NTS LIMITED
CONTENTS
Page
Balance sheet
1
Notes to the financial statements
2 - 3
HAMBLETON NTS LIMITED
BALANCE SHEET
AS AT 31 DECEMBER 2023
31 December 2023
- 1 -
2023
2022
Notes
£
£
£
£
Fixed assets
Investments
3
500,000
500,000
Current assets
Cash at bank and in hand
1,001,434
574
Net current assets
1,001,434
574
Net assets
1,501,434
500,574
Capital and reserves
Called up share capital
104,729
104,729
Share premium account
395,381
395,381
Profit and loss reserves
1,001,324
464
Total equity
1,501,434
500,574

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. 08794204
HAMBLETON NTS LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023
- 2 -
1
Accounting policies
Company information

Hambleton NTS 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 hiostorical cost convention.  The principal accounting policies are set out below.
1.2
Fixed asset investments

Interests in subsidiaries, associates and jointly controlled entities are initially measured at cost and subsequently measured at cost less any accumulated impairment losses. The investments are assessed for impairment at each reporting date and any impairment losses or reversals of impairment losses are recognised immediately in profit or loss.

A subsidiary is an entity controlled by the company. Control is the power to govern the financial and operating policies of the entity so as to obtain benefits from its activities.

An associate is an entity, being neither a subsidiary nor a joint venture, in which the company holds a long-term interest and where the company has significant influence. The company considers that it has significant influence where it has the power to participate in the financial and operating decisions of the associate.

Entities in which the company has a long term interest and shares control under a contractual arrangement are classified as jointly controlled entities.

1.3
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.

1.4
Financial instruments
Classification of financial liabilities

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.

HAMBLETON NTS LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2023
1
Accounting policies
(Continued)
- 3 -
Basic financial liabilities

Basic financial liabilities, including creditors, bank loans, loans from fellow group companies and preference shares that are classified as debt, are initially recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future payments discounted at a market rate of interest. Financial liabilities classified as payable within one year are not amortised.

 

Debt instruments are subsequently carried at amortised cost, using the effective interest rate method.

 

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Amounts payable are classified as current liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities. Trade creditors are recognised initially at transaction price and subsequently measured at amortised cost using the effective interest method.

1.5
Equity instruments

Equity instruments issued by the company are recorded at the proceeds received, net of transaction costs. Dividends payable on equity instruments are recognised as liabilities once they are no longer at the discretion of the company.

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 instuments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

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
500,000
500,000

Details of undertakings

 

Details of investments in which the company holds 20% or more of the nominal value of any class of share capital are as follows:

Name of undertaking
Registered office
Class of
% Held
shares held
Direct
National Tube Stockholders Limited
Dalton Industrial Estate, Dalton, Nr Thirsk, North Yorkshire, YO7 3HE
Ordinary Shares
50.00
2023-12-312023-01-01false19 August 2024CCH SoftwareCCH Accounts Production 2024.100No description of principal activityMr R J F BiancoJeanne BiancoMichele BiancoMr M G BiancoJenifer Biancofalsefalse087942042023-01-012023-12-31087942042023-12-31087942042022-12-3108794204core:ShareCapital2023-12-3108794204core:ShareCapital2022-12-3108794204core:SharePremium2023-12-3108794204core:SharePremium2022-12-3108794204core:RetainedEarningsAccumulatedLosses2023-12-3108794204core:RetainedEarningsAccumulatedLosses2022-12-3108794204bus:Director22023-01-012023-12-31087942042022-01-012022-12-3108794204bus:PrivateLimitedCompanyLtd2023-01-012023-12-3108794204bus:SmallCompaniesRegimeForAccounts2023-01-012023-12-3108794204bus:FRS1022023-01-012023-12-3108794204bus:AuditExemptWithAccountantsReport2023-01-012023-12-3108794204bus:Director12023-01-012023-12-3108794204bus:Director32023-01-012023-12-3108794204bus:Director42023-01-012023-12-3108794204bus:Director52023-01-012023-12-3108794204bus:FullAccounts2023-01-012023-12-31xbrli:purexbrli:sharesiso4217:GBP