Registration number:
Price Hambleton Investments Limited
for the Year Ended 31 December 2023
Price Hambleton Investments Limited
Contents
Company Information |
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Directors' Report |
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Accountants' Report |
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Profit and Loss Account |
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Balance Sheet |
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Statement of Changes in Equity |
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Notes to the Unaudited Financial Statements |
Price Hambleton Investments Limited
Company Information
Directors |
John Price Grace Price |
Registered office |
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Accountants |
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Price Hambleton Investments Limited
Directors' Report for the Year Ended 31 December 2023
The directors present their report and the financial statements for the year ended 31 December 2023.
Directors of the company
The directors who held office during the year were as follows:
Principal activity
The principal activity of the company is that of an investment company
Small companies provision statement
This report has been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.
Approved and authorised by the
......................................... |
Chartered Accountants' Report to the Board of Directors on
the Preparation of the Unaudited Statutory Accounts of
Price Hambleton Investments Limited for the Year Ended 31 December 2023
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of Price Hambleton Investments Limited for the year ended 31 December 2023 as set out on pages 4 to 10 from the company's accounting records and from information and explanations you have given us.
As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed at
http://www.icaew.com/regulation.
This report is made solely to the Board of Directors of Price Hambleton Investments Limited, as a body, in accordance with the terms of our engagement letter. Our work has been undertaken solely to prepare for your approval the accounts of Price Hambleton Investments Limited and state those matters that we have agreed to state to the Board of Directors of Price Hambleton Investments Limited, as a body, in this report in accordance with ICAEW Technical Release 07/16 AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Price Hambleton Investments Limited and its Board of Directors as a body for our work or for this report.
It is your duty to ensure that Price Hambleton Investments Limited has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and loss of Price Hambleton Investments Limited. You consider that Price Hambleton Investments 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 accounts of Price Hambleton Investments 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 accounts.
......................................
Chartered Accountants
London
EC4A 4AS
Price Hambleton Investments Limited
Profit and Loss Account for the Year Ended 31 December 2023
Note |
2023 |
2022 |
|
Turnover |
- |
- |
|
Gross profit/(loss) |
- |
- |
|
Administrative expenses |
( |
( |
|
Operating loss |
(35,772) |
(25,754) |
|
Loss on financial assets at fair value through profit and loss |
( |
( |
|
Income from other fixed assets investments |
|
|
|
Other interest receivable and similar income |
|
|
|
Interest payable and similar expenses |
( |
( |
|
(219,829) |
(241,819) |
||
Loss before tax |
( |
( |
|
Tax on loss |
( |
( |
|
Loss for the financial year |
( |
( |
The above results were derived from continuing operations.
The company has no recognised gains or losses for the year other than the results above.
Price Hambleton Investments Limited
Balance Sheet as at 31 December 2023 (Registration number: 11198392)
Note |
2023 |
2022 |
|
Fixed assets |
|||
Other financial assets |
6,145,204 |
6,556,007 |
|
Current assets |
|||
Cash at bank and in hand |
|
|
|
Creditors: Amounts falling due within one year |
( |
( |
|
Net current liabilities |
( |
( |
|
Total assets less current liabilities |
|
|
|
Creditors: Amounts falling due after more than one year |
( |
( |
|
Net assets |
|
|
|
Capital and reserves |
|||
Called up share capital |
21,000 |
21,000 |
|
Retained earnings |
1,047,310 |
1,459,670 |
|
Shareholders' funds |
1,068,310 |
1,480,670 |
Price Hambleton Investments Limited
Balance Sheet as at 31 December 2023 (Registration number: 11198392)
For the financial year ending 31 December 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Directors' responsibilities:
• |
|
• |
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts. |
These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.
Approved and authorised by the
......................................... |
Price Hambleton Investments Limited
Statement of Changes in Equity for the Year Ended 31 December 2023
Share capital |
Retained earnings |
Total |
|
At 1 January 2023 |
|
|
|
Loss for the year |
- |
( |
( |
Dividends |
- |
( |
( |
At 31 December 2023 |
|
|
|
Share capital |
Retained earnings |
Total |
|
At 1 January 2022 |
|
|
|
Loss for the year |
- |
( |
( |
At 31 December 2022 |
21,000 |
1,459,670 |
1,480,670 |
Price Hambleton Investments Limited
Notes to the Financial Statements for the Year Ended 31 December 2023
General information |
The company is a private company limited by share capital, incorporated in England & Wales.
Its registered office is:
These financial statements were authorised for issue by the
Accounting policies |
Summary of significant accounting policies and key accounting estimates
The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.
Statement of compliance
These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).
Basis of preparation
These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.
Tax
The tax expense for the period comprises current tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.
The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.
Investments
Investments are recognised initially at fair value which is normally the transaction price excluding transaction costs. Subsequently, they are measured at fair value through profit and loss where their fair value can be measured reliably. Other investments are measured at cost less impairment.
Staff numbers |
The average number of persons employed by the company (including directors) during the year, was
Price Hambleton Investments Limited
Notes to the Financial Statements for the Year Ended 31 December 2023
Other financial assets |
Financial assets at fair value through P&L |
Total |
|
Non-current financial assets |
||
Cost or valuation |
||
At 1 January 2023 |
6,556,007 |
6,556,007 |
Fair value adjustments |
(106,147) |
(106,147) |
Additions |
406,142 |
406,142 |
Disposals |
(710,798) |
(710,798) |
At 31 December 2023 |
6,145,204 |
6,145,204 |
Carrying amount |
||
At 31 December 2023 |
|
6,145,204 |
Creditors |
Creditors: amounts falling due within one year
2023 |
2022 |
|
Loans and borrowings |
|
|
Taxation and social security |
|
|
Accruals and deferred income |
|
|
Other creditors |
|
|
|
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Creditors: amounts falling due after more than one year
2023 |
2022 |
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Loans and borrowings |
|
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Price Hambleton Investments Limited
Notes to the Financial Statements for the Year Ended 31 December 2023
Share capital |
Allotted, called up and fully paid shares
2023 |
2022 |
|||
No. |
£ |
No. |
£ |
|
|
|
100 |
|
100 |
|
|
2,100 |
|
2,100 |
|
|
2,100 |
|
2,100 |
|
|
2,100 |
|
2,100 |
|
|
2,100 |
|
2,100 |
|
|
2,100 |
|
2,100 |
|
|
10,400 |
|
10,400 |
|
|
|
|