Registered number
04888387
HAMMOND PARTNERS SEARCH SERVICES LIMITED
Filleted Accounts
31 March 2024
HAMMOND PARTNERS SEARCH SERVICES LIMITED
Registered number: 04888387
Balance Sheet
as at 31 March 2024
Notes 2024 2023
£ £
Fixed assets
Tangible assets 3 8,457 11,574
Investments 4 20,000 20,000
28,457 31,574
Current assets
Debtors 5 40,511 74,328
Cash at bank and in hand 16,501 26,893
57,012 101,221
Creditors: amounts falling due within one year 6 (36,660) (73,338)
Net current assets 20,352 27,883
Total assets less current liabilities 48,809 59,457
Creditors: amounts falling due after more than one year 7 (13,618) (24,266)
Net assets 35,191 35,191
Capital and reserves
Called up share capital 63 63
Revaluation reserve 8 37 37
Profit and loss account 35,091 35,091
Shareholders' funds 35,191 35,191
The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
P Hammond
Director
Approved by the board on 31 July 2024
HAMMOND PARTNERS SEARCH SERVICES LIMITED
Notes to the Accounts
for the year ended 31 March 2024
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Fixtures, fittings, tools and equipment over 5 years
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
Provisions
Provisions (ie liabilities of uncertain timing or amount) are recognised when there is an obligation at the reporting date as a result of a past event, it is probable that economic benefit will be transferred to settle the obligation and the amount of the obligation can be estimated reliably.
Foreign currency translation
Transactions in foreign currencies are initially recognised at the rate of exchange ruling at the date of the transaction. At the end of each reporting period foreign currency monetary items are translated at the closing rate of exchange. Non-monetary items that are measured at historical cost are translated at the rate ruling at the date of the transaction. All differences are charged to profit or loss.
Pensions
Contributions to defined contribution plans are expensed in the period to which they relate.
2 Employees 2024 2023
Number Number
Average number of persons employed by the company 1 1
3 Tangible fixed assets
Plant and machinery etc
£
Cost
At 1 April 2023 139,597
Additions 624
At 31 March 2024 140,221
Depreciation
At 1 April 2023 128,023
Charge for the year 3,741
At 31 March 2024 131,764
Net book value
At 31 March 2024 8,457
At 31 March 2023 11,574
4 Investments
Investments in
subsidiary
undertakings
£
Cost
At 1 April 2023 20,000
At 31 March 2024 20,000
5 Debtors 2024 2023
£ £
Amounts owed by group undertakings and undertakings in which the company has a participating interest 24,266 45,563
Other debtors 745 745
Prepayments 15,500 15,500
Rent deposit - 12,520
40,511 74,328
6 Creditors: amounts falling due within one year 2024 2023
£ £
Bank loans and overdrafts 10,648 10,648
Trade creditors 385 11,258
Taxation and social security costs 6,381 17,426
Other creditors 19,246 34,006
36,660 73,338
7 Creditors: amounts falling due after one year 2024 2023
£ £
Bank loans 13,618 24,266
8 Revaluation reserve 2024 2023
£ £
At 1 April 2023 37 37
At 31 March 2024 37 37
9 Other information
HAMMOND PARTNERS SEARCH SERVICES LIMITED is a private company limited by shares and incorporated in England. Its registered office is:
Nower End
Nower Road
Dorking
Surrey
RH4 3BX
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