Registration number:
Hampstead Land Ltd
for the Year Ended 30 June 2024
Hampstead Land Ltd
Contents
Company Information |
|
Balance Sheet |
|
Notes to the Unaudited Financial Statements |
Hampstead Land Ltd
Company Information
Directors |
Mr N J R Aston Mr O J Spriggs |
Registered office |
|
Accountants |
|
Hampstead Land Ltd
(Registration number: 13438818)
Balance Sheet as at 30 June 2024
Note |
2024 |
2023 |
|||
Fixed assets |
|||||
Investments |
|
|
|||
Current assets |
|||||
Debtors |
|
|
|||
Cash at bank and in hand |
|
|
|||
|
|
||||
Creditors: Amounts falling due within one year |
( |
( |
|||
Net current liabilities |
( |
( |
|||
Net liabilities |
( |
( |
|||
Capital and reserves |
|||||
Called up share capital |
|
|
|||
Profit and loss account |
( |
( |
|||
Shareholders' deficit |
( |
( |
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 directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts. |
Approved and authorised by the
......................................... |
Hampstead Land Ltd
Notes to the Unaudited Financial Statements for the Year Ended 30 June 2024
General information |
The company is a private company limited by share capital, incorporated in England and Wales.
The address of its registered office is:
England
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.
Staff numbers |
The average number of persons employed by the company (including directors) during the year, was
Hampstead Land Ltd
Notes to the Unaudited Financial Statements for the Year Ended 30 June 2024
Investments |
2024 |
2023 |
|
Investments in associates |
|
|
Associates |
£ |
Cost |
|
At 1 July 2023 |
|
Provision |
|
Carrying amount |
|
At 30 June 2024 |
|
At 30 June 2023 |
|
Debtors |
Note |
2024 |
2023 |
|
Amounts owed by group undertakings and undertakings in which the company has a participating interest |
|
|
|
|
|
Hampstead Land Ltd
Notes to the Unaudited Financial Statements for the Year Ended 30 June 2024
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 |
|
|
|
Director current account |
|
|
|
|
|
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)