3 false false false false false false false false false false true false false false false false false No description of principal activity 2023-01-01 Sage Accounts Production Advanced 2023 - FRS102_2023 3,752 1,365 478 1,843 1,909 2,387 xbrli:pure xbrli:shares iso4217:GBP 02328507 2023-01-01 2023-12-31 02328507 2023-12-31 02328507 2022-12-31 02328507 2022-01-01 2022-12-31 02328507 2022-12-31 02328507 2021-12-31 02328507 core:FurnitureFittings 2023-01-01 2023-12-31 02328507 bus:Director3 2023-01-01 2023-12-31 02328507 core:WithinOneYear 2023-12-31 02328507 core:WithinOneYear 2022-12-31 02328507 core:FurnitureFittings 2022-12-31 02328507 core:FurnitureFittings 2023-12-31 02328507 core:ShareCapital 2023-12-31 02328507 core:ShareCapital 2022-12-31 02328507 core:CapitalRedemptionReserve 2023-12-31 02328507 core:CapitalRedemptionReserve 2022-12-31 02328507 core:RetainedEarningsAccumulatedLosses 2023-12-31 02328507 core:RetainedEarningsAccumulatedLosses 2022-12-31 02328507 core:FurnitureFittings 2022-12-31 02328507 bus:SmallEntities 2023-01-01 2023-12-31 02328507 bus:AuditExemptWithAccountantsReport 2023-01-01 2023-12-31 02328507 bus:SmallCompaniesRegimeForAccounts 2023-01-01 2023-12-31 02328507 bus:PrivateLimitedCompanyLtd 2023-01-01 2023-12-31 02328507 bus:FullAccounts 2023-01-01 2023-12-31
COMPANY REGISTRATION NUMBER: 02328507
Hambleton Risk Management Limited
Filleted Unaudited Financial Statements
For the year ended
31 December 2023
Hambleton Risk Management Limited
Statement of Financial Position
31 December 2023
2023
2022
Note
£
£
£
Fixed assets
Tangible assets
5
1,909
2,387
Current assets
Debtors
6
29,905
6,103
Investments
7
99,518
Cash at bank and in hand
27,445
53,266
----------
--------
156,868
59,369
Creditors: amounts falling due within one year
8
30,473
2,682
----------
--------
Net current assets
126,395
56,687
----------
--------
Total assets less current liabilities
128,304
59,074
----------
--------
Net assets
128,304
59,074
----------
--------
Capital and reserves
Called up share capital
50
50
Capital redemption reserve
50
50
Profit and loss account
128,204
58,974
----------
--------
Shareholders funds
128,304
59,074
----------
--------
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
In accordance with section 444 of the Companies Act 2006, the statement of income and retained earnings has not been delivered.
For the 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 financial statements for the year in question in accordance with section 476 ;
- The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .
Hambleton Risk Management Limited
Statement of Financial Position (continued)
31 December 2023
These financial statements were approved by the board of directors and authorised for issue on 22 September 2024 , and are signed on behalf of the board by:
B Thompson
Director
Company registration number: 02328507
Hambleton Risk Management Limited
Notes to the Financial Statements
Year ended 31 December 2023
1. General information
The company is a private company limited by shares, registered in England & Wales. The address of the registered office is 1 Heslington Lane, Fulford, York, YO10 4HW.
2. Statement of compliance
These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.
3. Accounting policies
(a) Basis of preparation
The financial statements have been prepared on the historical cost basis. The financial statements are prepared in sterling, which is the functional currency of the entity.
(b) Revenue recognition
Turnover shown in the income statement represents amounts invoiced during the year, stated net of discounts and of Value Added Tax.
(c) Current tax
The taxation expense represents the current tax recognised in the reporting period. Tax is recognised in profit or loss, except to the extent that it relates to items recognised in other comprehensive income or directly in equity. In this case, tax is recognised in other comprehensive income or directly in equity, respectively. Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.
(d) Foreign currencies
Transactions in overseas currencies are translated into local currency at the exchange rates ruling on the date of transaction. Monetary assets and liabilities denominated in foreign currencies are translated into local currency at the rate ruling at the year end. Exchange differences arising on foreign exchange transactions and the re-translation of assets and liabilities into sterling at the rate ruling at the year end are taken into account in determining profit before taxation.
(e) Tangible assets
Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses.
(f) Depreciation
Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:
Fixture & Fittings
-
15% reducing balance
(g) Financial instruments
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 entity after deducting all of its financial liabilities.
4. Employee numbers
The average number of persons employed by the company during the year amounted to 3 (2022: 3 ).
5. Tangible assets
Fixtures and fittings
Total
£
£
Cost
At 1 January 2023 and 31 December 2023
3,752
3,752
-------
-------
Depreciation
At 1 January 2023
1,365
1,365
Charge for the year
478
478
-------
-------
At 31 December 2023
1,843
1,843
-------
-------
Carrying amount
At 31 December 2023
1,909
1,909
-------
-------
At 31 December 2022
2,387
2,387
-------
-------
6. Debtors
2023
2022
£
£
Trade debtors
24,879
6,103
Other debtors
5,026
--------
-------
29,905
6,103
--------
-------
7. Investments
2023
2022
£
£
Other investments
99,518
--------
----
8. Creditors: amounts falling due within one year
2023
2022
£
£
Accruals and deferred income
1,545
1,475
Corporation tax
24,028
Social security and other taxes
4,900
1,207
--------
-------
30,473
2,682
--------
-------