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Registration number: 13438818

Hampstead Land Ltd

Unaudited Filleted Financial Statements

for the Year Ended 30 June 2024

 

Hampstead Land Ltd

Contents

Company Information

1

Balance Sheet

2

Notes to the Unaudited Financial Statements

3 to 5

 

Hampstead Land Ltd

Company Information

Directors

Mr N J R Aston

Mr O J Spriggs

Registered office

19 Back Lane
London
NW3 1HL

Accountants

Affinity Associates (Flemmings) Limited
(Trading as Flemmings)
Chartered Accountants
76 Canterbury Road
Croydon
Surrey
CR0 3HA

 

Hampstead Land Ltd

(Registration number: 13438818)
Balance Sheet as at 30 June 2024

Note

2024
£

2023
£

           

Fixed assets

   

 

Investments

4

 

30

 

30

Current assets

   

 

Debtors

5

256,779

 

240,779

 

Cash at bank and in hand

 

634

 

451

 

 

257,413

 

241,230

 

Creditors: Amounts falling due within one year

6

(261,060)

 

(243,660)

 

Net current liabilities

   

(3,647)

 

(2,430)

Net liabilities

   

(3,617)

 

(2,400)

Capital and reserves

   

 

Called up share capital

20

 

20

 

Profit and loss account

(3,637)

 

(2,420)

 

Shareholders' deficit

   

(3,617)

 

(2,400)

For the financial year ending 30 June 2024 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 and delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the directors have not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the Board on 5 February 2025 and signed on its behalf by:
 

.........................................
Mr N J R Aston
Director

   
     
 

Hampstead Land Ltd

Notes to the Unaudited Financial Statements for the Year Ended 30 June 2024

1

General information

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

The address of its registered office is:
19 Back Lane
London
NW3 1HL
England

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.

The financial statements are presented in Pound Sterling, which is the functional currency of the company.

Going concern

The financial statements have been prepared on a going concern basis which assumes that the company will continue in operational existence for the foreseeable future.

The validity of this assumption depends on the continued support from the company's directors. The financial statements do not include any adjustments that would result in such financial support were withdrawn.

Investments

Investments in equity shares which are publicly traded or where the fair value can be measured reliably are initially measured at fair value, with changes in fair value recognised in profit or loss. Investments in equity shares which are not publicly traded and where fair value cannot be measured reliably are measured at cost less impairment.


Interest income on debt securities, where applicable, is recognised in income using the effective interest method. Dividends on equity securities are recognised in income when receivable.

3

Staff numbers

The average number of persons employed by the company (including directors) during the year, was 2 (2023 - 2).

 

Hampstead Land Ltd

Notes to the Unaudited Financial Statements for the Year Ended 30 June 2024

4

Investments

2024
£

2023
£

Investments in associates

30

30

Associates

£

Cost

At 1 July 2023

30

Provision

Carrying amount

At 30 June 2024

30

At 30 June 2023

30

5

Debtors

Note

2024
£

2023
£

Amounts owed by group undertakings and undertakings in which the company has a participating interest

7

256,779

240,779

 

256,779

240,779

 

Hampstead Land Ltd

Notes to the Unaudited Financial Statements for the Year Ended 30 June 2024

6

Creditors

Creditors: amounts falling due within one year

Note

2024
£

2023
£

Due within one year

 

Amounts owed to group undertakings and undertakings in which the company has a participating interest

7

130,545

121,845

Director current account

 

130,515

121,815

 

261,060

243,660

7

Related party transactions

Other transactions with directors


Mr O J Spriggs
(Director and shareholder)

Mr O J Spriggs has provided an interest free loan to the company, which is repayable on demand.

At the balance sheet date the amount due to Mr O J Spriggs was £130,515 (2023 - £121,815).

Summary of transactions with associates

Oakwood Mews Limited
33% interest in associate

The company has provided an interest free loan to Oakwood Mews Limited, which is repayable by mutual agreement or once Oakwood Mews Limited has secured alternative finance.

At the balance sheet date the amound due from Oakwood Mews Limited in respect of the loan was £256,779 (2023 - £240,779).

In addition, the company owed Oakwood Mews Limited £30 at the balance sheet date.

Summary of transactions with other related parties

Jade Capital Ltd
50% controlling interest

Jade Capital Ltd has provided an interest free loan to the company, which is repayable on demand. Mr N J R Aston is a director and shareholder of Jade Capital Ltd.

At the balance sheet date the amount due to Jade Capital Ltd was £130,515 (2023 - £121,815)