IRIS Accounts Production v24.2.0.383 14331996 Board of Directors 1.1.23 31.12.23 31.12.23 false true false false true false iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh143319962022-12-31143319962023-12-31143319962023-01-012023-12-31143319962022-09-01143319962022-09-022022-12-31143319962022-12-3114331996ns15:EnglandWales2023-01-012023-12-3114331996ns14:PoundSterling2023-01-012023-12-3114331996ns10:Director12023-01-012023-12-3114331996ns10:PrivateLimitedCompanyLtd2023-01-012023-12-3114331996ns10:SmallEntities2023-01-012023-12-3114331996ns10:AuditExemptWithAccountantsReport2023-01-012023-12-3114331996ns10:SmallCompaniesRegimeForDirectorsReport2023-01-012023-12-3114331996ns10:SmallCompaniesRegimeForAccounts2023-01-012023-12-3114331996ns10:FullAccounts2023-01-012023-12-3114331996ns10:Director22023-01-012023-12-3114331996ns10:RegisteredOffice2023-01-012023-12-3114331996ns5:ShareCapital2023-12-3114331996ns5:ShareCapital2022-12-3114331996ns5:RetainedEarningsAccumulatedLosses2023-12-3114331996ns5:RetainedEarningsAccumulatedLosses2022-12-311433199612023-01-012023-12-3114331996ns5:CostValuation2022-12-3114331996ns5:CurrentFinancialInstrumentsns5:WithinOneYear2023-12-3114331996ns5:CurrentFinancialInstrumentsns5:WithinOneYear2022-12-31
REGISTERED NUMBER: 14331996 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 December 2023

for

HAMS HOLDINGS LIMITED

HAMS HOLDINGS LIMITED (REGISTERED NUMBER: 14331996)






Contents of the Financial Statements
for the year ended 31 December 2023




Page

Company Information 1

Chartered Accountants' Report 2

Balance Sheet 3

Notes to the Financial Statements 4


HAMS HOLDINGS LIMITED

Company Information
for the year ended 31 December 2023







DIRECTORS: B J Abrahams
S H Abrahams





REGISTERED OFFICE: 11 Laura Place
Bath
BA2 4BL





REGISTERED NUMBER: 14331996 (England and Wales)





ACCOUNTANTS: Richardson Swift
Chartered Accountants
11 Laura Place
Bath
BA2 4BL

Chartered Accountants' Report to the Board of Directors
on the Unaudited Financial Statements of
Hams Holdings Limited

The following reproduces the text of the report prepared for the directors in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Directors are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Hams Holdings Limited for the year ended 31 December 2023 which comprise the Income Statement, Balance Sheet, Statement of Changes in Equity and the related notes 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 within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the Board of Directors of Hams Holdings Limited, as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Hams Holdings Limited and state those matters that we have agreed to state to the Board of Directors of Hams Holdings Limited, as a body, in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Hams Holdings Limited and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that Hams Holdings Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Hams Holdings Limited. You consider that Hams Holdings 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 financial statements of Hams Holdings 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 financial statements.






Richardson Swift
Chartered Accountants
11 Laura Place
Bath
BA2 4BL


18 September 2024

HAMS HOLDINGS LIMITED (REGISTERED NUMBER: 14331996)

Balance Sheet
31 December 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Investments 4 1,499,900 1,499,900

CURRENT ASSETS
Debtors 5 304 102
Cash at bank 100,000 100,000
100,304 100,102
NET CURRENT ASSETS 100,304 100,102
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,600,204

1,600,002

CAPITAL AND RESERVES
Called up share capital 6 1,500,204 1,500,002
Retained earnings 100,000 100,000
SHAREHOLDERS' FUNDS 1,600,204 1,600,002

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2023 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:
(a)ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

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

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 18 September 2024 and were signed on its behalf by:





B J Abrahams - Director


HAMS HOLDINGS LIMITED (REGISTERED NUMBER: 14331996)

Notes to the Financial Statements
for the year ended 31 December 2023

1. STATUTORY INFORMATION

Hams Holdings Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Preparation of consolidated financial statements
The financial statements contain information about Hams Holdings Limited as an individual company and do not contain consolidated financial information as the parent of a group. The company is exempt under Section 399(2A) of the Companies Act 2006 from the requirements to prepare consolidated financial statements.

Critical accounting judgements and key sources of estimation uncertainty
No significant judgements or key assumptions have had to be made by the directors in preparing these financial statements.

Investments in subsidiaries
Investments in subsidiary undertakings are recognised at cost.

Financial instruments
The company only enters into basic financial instruments transactions that result in the recognition of financial assets and liabilities like trade and other debtors, loans from banks and other third parties.

Financial assets that are measured at cost and amortised cost are assessed at the end of each reporting period for objective evidence of impairment. If objective evidence of impairment is found, an impairment loss is recognised in the profit or loss.

For financial assets measured at amortised cost, the impairment loss is measured as the difference between an asset's carrying amount and the present value of estimated cash flows discounted at the asset's original effective interest rate determined under the contract.

For financial assets measured at cost less impairment, the impairment loss is measured as the difference between an asset's carrying amount and the best estimate, which is an approximation, of the amount the company would receive for the asset if it were to be sold at the reporting date.

Financial assets and liabilities are offset and the net amount reported in the balance sheet when there is an enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.


HAMS HOLDINGS LIMITED (REGISTERED NUMBER: 14331996)

Notes to the Financial Statements - continued
for the year ended 31 December 2023

2. ACCOUNTING POLICIES - continued
Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

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.

Hire purchase and leasing commitments
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

Rentals paid under operating leases are charged to profit or loss on a straight-line basis over the period of the lease.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2022 - 2 ) .

4. FIXED ASSET INVESTMENTS
Shares in
group
undertakings
£   
COST
At 1 January 2023
and 31 December 2023 1,499,900
NET BOOK VALUE
At 31 December 2023 1,499,900
At 31 December 2022 1,499,900

The investment represents 100% of the issued share capital of Brad Abrahams Limited.

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Other debtors 304 102

HAMS HOLDINGS LIMITED (REGISTERED NUMBER: 14331996)

Notes to the Financial Statements - continued
for the year ended 31 December 2023

6. CALLED UP SHARE CAPITAL

Alloted, issued and fully
paid:


Nominal

2023

2022
Number: Class: Value: £   
765000 A Ordinary £1 765,000 765,000
735000 B Ordinary £1 735,000 735,000
100 C Ordinary £1 100 1
100 D Ordinary £1 100 1
4 E Ordinary £1 4
1,500,204 1,500,002

The following changes to the share capital took place during the period:

On the 16th March 2023 4 E Ordinary shares were issued.

On the 17th March 2023 99 C Ordinary and 99 D Ordinary shares were issued.

The following changes to the share capital took place after the period:

On 28th March 2024 1 E Ordinary was repurchased and cancelled.

On 28th March 2024 the companies paid up share capital was reduced by 10,200 A Ordinary Shares and 9,800 B Ordinary Shares.