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REGISTERED NUMBER: 04260270 (England and Wales)













UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2024

FOR

HANSOM HOMES LIMITED

HANSOM HOMES LIMITED (REGISTERED NUMBER: 04260270)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


HANSOM HOMES LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 MARCH 2024







DIRECTORS: M A Hole
Ms P E Prichard





REGISTERED OFFICE: 30-34 North Street
Hailsham
East Sussex
BN27 1DW





REGISTERED NUMBER: 04260270 (England and Wales)





ACCOUNTANTS: Watson Associates (Professional Services) Ltd
30 - 34 North Street
Hailsham
East Sussex
BN27 1DW

HANSOM HOMES LIMITED (REGISTERED NUMBER: 04260270)

BALANCE SHEET
31 MARCH 2024

2024 2023
Notes £    £   
FIXED ASSETS
Tangible assets 4 29,938 39,462
Investment property 5 6,144,999 6,844,999
6,174,937 6,884,461

CURRENT ASSETS
Debtors 6 1,394 1,115
Cash at bank 107,146 85,753
108,540 86,868
CREDITORS
Amounts falling due within one year 7 (148,369 ) (92,033 )
NET CURRENT LIABILITIES (39,829 ) (5,165 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

6,135,108

6,879,296

CREDITORS
Amounts falling due after more than one
year

8

(2,189,375

)

(2,777,166

)

PROVISIONS FOR LIABILITIES (540,614 ) (605,620 )
NET ASSETS 3,405,119 3,496,510

CAPITAL AND RESERVES
Called up share capital 9 1 1
Fair value reserve 10 2,714,727 2,775,817
Retained earnings 690,391 720,692
SHAREHOLDERS' FUNDS 3,405,119 3,496,510

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2024 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.

HANSOM HOMES LIMITED (REGISTERED NUMBER: 04260270)

BALANCE SHEET - continued
31 MARCH 2024


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 Statement of Comprehensive Income has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 7 October 2024 and were signed on its behalf by:





M A Hole - Director


HANSOM HOMES LIMITED (REGISTERED NUMBER: 04260270)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

1. STATUTORY INFORMATION

Hansom Homes 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 as modified by the revaluation of certain assets.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.
Plant and machinery - 20% on reducing balance
Fixtures and fittings - 15% on reducing balance
Motor vehicles - 25% on reducing balance
Computer equipment - 33% on cost

Investment property
Investment properties are properties held to earn rentals and/or for capital appreciation. Investment properties are initially measured at cost, including transaction costs. Subsequently investment properties whose fair value can be measured reliably without undue cost or effort on an on-going basis are measured at fair value. Gains and losses arising from changes in the fair value of investment properties are included in profit or loss in the period in which they arise.

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 accounts receivable and payable, loans from banks and other third parties, and loans to related parties.

Debt instruments that are payable or receivable within one year, are measured, initially and subsequently, at the undiscounted amount of the cash or other consideration expected to be paid or received; other debt instruments are initially measured at present value of the future payments and subsequently at amortised cost using the effective interest method.

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 profit or loss.

Financial assets and liabilities are offset and the net amount reported in the balance sheet only 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.

HANSOM HOMES LIMITED (REGISTERED NUMBER: 04260270)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2024

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was NIL (2023 - NIL).

4. TANGIBLE FIXED ASSETS
Fixtures
Plant and and Motor Computer
machinery fittings vehicles equipment Totals
£    £    £    £    £   
COST
At 1 April 2023 2,163 822 44,602 1,760 49,347
Additions 440 - - - 440
At 31 March 2024 2,603 822 44,602 1,760 49,787
DEPRECIATION
At 1 April 2023 1,159 610 6,504 1,612 9,885
Charge for year 259 32 9,525 148 9,964
At 31 March 2024 1,418 642 16,029 1,760 19,849
NET BOOK VALUE
At 31 March 2024 1,185 180 28,573 - 29,938
At 31 March 2023 1,004 212 38,098 148 39,462

HANSOM HOMES LIMITED (REGISTERED NUMBER: 04260270)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2024

4. TANGIBLE FIXED ASSETS - continued

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:
Motor
vehicles
£   
COST
At 1 April 2023
and 31 March 2024 44,602
DEPRECIATION
At 1 April 2023 6,504
Charge for year 9,525
At 31 March 2024 16,029
NET BOOK VALUE
At 31 March 2024 28,573
At 31 March 2023 38,098

5. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 April 2023 6,844,999
Disposals (700,000 )
At 31 March 2024 6,144,999
NET BOOK VALUE
At 31 March 2024 6,144,999
At 31 March 2023 6,844,999

Fair value at 31 March 2024 is represented by:
£   
Valuation in 2021 4,951,084
Valuation in 2022 1,408,377
Valuation in 2023 (220,000 )
Valuation in 2024 5,538
6,144,999

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 103 346
Other debtors 1,291 769
1,394 1,115

HANSOM HOMES LIMITED (REGISTERED NUMBER: 04260270)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2024

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 3,859 4,984
Hire purchase contracts 6,315 6,315
Taxation and social security 89,616 23,791
Other creditors 48,579 56,943
148,369 92,033

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£    £   
Bank loans 2,179,902 2,761,378
Hire purchase contracts 9,473 15,788
2,189,375 2,777,166

Amounts falling due in more than five years:

Repayable by instalments
Bank loans more 5 yr by instal 8,084 13,445

9. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
1 Ordinary £1 1 1

10. RESERVES
Fair
value
reserve
£   
At 1 April 2023 2,775,817
Revaluation (368,634 )
Deferred Tax 62,625
Adjustment 244,919

At 31 March 2024 2,714,727