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Registration number: 11198392

Price Hambleton Investments Limited

Annual Report and Financial Statements

for the Year Ended 31 December 2023

 

Price Hambleton Investments Limited

Contents

Company Information

1

Directors' Report

2

Accountants' Report

3

Profit and Loss Account

4

Balance Sheet

5 to 6

Statement of Changes in Equity

7

Notes to the Unaudited Financial Statements

8 to 10

 

Price Hambleton Investments Limited

Company Information

Directors

John Price

Grace Price

Registered office

The Retreat
Ketton Road
Hambleton
Oakham
Rutland
LE15 8TH

Accountants

EVMS Partners LLP
Chartered Accountants
1st Floor, 5 St Bride Street
London
EC4A 4AS

 

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:

John Price

Grace Price

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 Board on 17 September 2024 and signed on its behalf by:
 

.........................................
John Price
Director

 

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.

......................................

EVMS Partners LLP
Chartered Accountants
1st Floor, 5 St Bride Street
London
EC4A 4AS

17 September 2024

 

Price Hambleton Investments Limited

Profit and Loss Account for the Year Ended 31 December 2023

Note

2023
£

2022
£

Turnover

 

-

-

Gross profit/(loss)

 

-

-

Administrative expenses

 

(35,772)

(25,754)

Operating loss

 

(35,772)

(25,754)

Loss on financial assets at fair value through profit and loss

 

(192,080)

(392,737)

Income from other fixed assets investments

 

28,845

219,846

Other interest receivable and similar income

 

8,938

194

Interest payable and similar expenses

 

(65,532)

(69,122)

   

(219,829)

(241,819)

Loss before tax

(255,601)

(267,573)

Tax on loss

 

(5,221)

(76,181)

Loss for the financial year

 

(260,822)

(343,754)

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

4

6,145,204

6,556,007

Current assets

 

Cash at bank and in hand

 

174,196

196,739

Creditors: Amounts falling due within one year

5

(3,115,090)

(3,161,076)

Net current liabilities

 

(2,940,894)

(2,964,337)

Total assets less current liabilities

 

3,204,310

3,591,670

Creditors: Amounts falling due after more than one year

5

(2,136,000)

(2,111,000)

Net assets

 

1,068,310

1,480,670

Capital and reserves

 

Called up share capital

6

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 members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and

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 Board on 17 September 2024 and signed on its behalf by:
 

.........................................
John Price
Director

   
     
 

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

21,000

1,459,670

1,480,670

Loss for the year

-

(260,822)

(260,822)

Dividends

-

(151,538)

(151,538)

At 31 December 2023

21,000

1,047,310

1,068,310

Share capital
£

Retained earnings
£

Total
£

At 1 January 2022

21,000

1,803,424

1,824,424

Loss for the year

-

(343,754)

(343,754)

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

1

General information

The company is a private company limited by share capital, incorporated in England & Wales.

Its registered office is:The Retreat, Ketton Road, Hambleton, Oakham, Rutland, LE15 8TH. United Kingdom

These financial statements were authorised for issue by the Board on 17 September 2024.

2

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.

3

Staff numbers

The average number of persons employed by the company (including directors) during the year, was 2 (2022 - 2).

 

Price Hambleton Investments Limited

Notes to the Financial Statements for the Year Ended 31 December 2023

4

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

6,145,204

5

Creditors

Creditors: amounts falling due within one year

2023
£

2022
£

Loans and borrowings

2,270,402

2,309,400

Taxation and social security

5,240

76,200

Accruals and deferred income

28,603

34,631

Other creditors

810,845

740,845

3,115,090

3,161,076

Creditors: amounts falling due after more than one year

2023
£

2022
£

Loans and borrowings

2,136,000

2,111,000

 

Price Hambleton Investments Limited

Notes to the Financial Statements for the Year Ended 31 December 2023

6

Share capital

Allotted, called up and fully paid shares

 

2023

2022

 

No.

£

No.

£

Ordinary of £1 each

100

100

100

100

A Ordinary of £1 each

2,100

2,100

2,100

2,100

B Ordinary of £1 each

2,100

2,100

2,100

2,100

C Ordinary of £1 each

2,100

2,100

2,100

2,100

D Ordinary of £1 each

2,100

2,100

2,100

2,100

E Ordinary of £1 each

2,100

2,100

2,100

2,100

F Ordinary of £1 each

10,400

10,400

10,400

10,400

 

21,000

21,000

21,000

21,000