HAMBLE ROSE INVESTMENTS LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2024
Hamble Rose Investments Limited is a private company, limited by shares and incorporated in England and Wales, United Kingdom, with a registration number 11930569. The address of the registered office is
Old Station Road, Loughton, Essex, United Kingdom, IG10 4PL.
2.Accounting policies
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Basis of preparation of financial statements
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As set out in the Directors’ report, we have decided to prepare the financial statements on a break up basis at the year end. In adopting the break up basis at the year end the following policies and procedures were implemented:
- All current assets have been disclosed at net realisable values.
- All liabilities reflect the full amount at which they are expected to materialise.
The preparation of financial statements in compliance with FRS102 requires the use of certain critical accounting estimates. It also requires management to exercise judgement in applying the Company’s accounting policies.
The following accounting policies have been applied:
Following the year end, the directors of the company have made the decision to cease trading post year end. The financial statements have been prepared on a break up basis as set out above under the basis of preparation.
Interest income is recognised in profit or loss using the effective interest method.
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Cash and cash equivalents
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Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.
Short-term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.
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The average monthly number of employees, including directors, during the year was 4 (2023 - 4).
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