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REGISTERED NUMBER: 03021779 (England and Wales)















Unaudited Financial Statements for the Year Ended 30 June 2024

for

Hempleman Investment Company Limited

Hempleman Investment Company Limited (Registered number: 03021779)






Contents of the Financial Statements
for the Year Ended 30 June 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Hempleman Investment Company Limited

Company Information
for the Year Ended 30 June 2024







DIRECTORS: D K Hempleman-Adams
A N Hempleman-Adams
A G Hempleman-Adams
C Hempleman-Adams





REGISTERED OFFICE: Unit 7 Park Lane Industrial Estate
Corsham
Wiltshire
SN13 9LG





REGISTERED NUMBER: 03021779 (England and Wales)





ACCOUNTANTS: Verinder Powell Associates Ltd
Suite 5 Corum 2
Corum Office Park
Crown Way
Warmley
Bristol
BS30 8FJ

Hempleman Investment Company Limited (Registered number: 03021779)

Balance Sheet
30 June 2024

30.6.24 30.6.23
Notes £    £    £    £   
FIXED ASSETS
Investments 4 19,000 22,880
Investment property 5 1,843,700 1,790,000
1,862,700 1,812,880

CURRENT ASSETS
Debtors 6 1,271 315
Cash at bank 58,153 52,614
59,424 52,929
CREDITORS
Amounts falling due within one year 7 156,977 190,141
NET CURRENT LIABILITIES (97,553 ) (137,212 )
TOTAL ASSETS LESS CURRENT LIABILITIES 1,765,147 1,675,668

CREDITORS
Amounts falling due after more than one
year

8

(6,417

)

(13,374

)

PROVISIONS FOR LIABILITIES (129,841 ) (116,955 )
NET ASSETS 1,628,889 1,545,339

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 1,628,789 1,545,239
1,628,889 1,545,339

Hempleman Investment Company Limited (Registered number: 03021779)

Balance Sheet - continued
30 June 2024


The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 June 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 June 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.

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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 24 February 2025 and were signed on its behalf by:





D K Hempleman-Adams - Director


Hempleman Investment Company Limited (Registered number: 03021779)

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

1. STATUTORY INFORMATION

Hempleman Investment Company 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.

The presentation currency of the financial statements is the Pound Sterling (£).


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.

There have been no material departures from the Financial Reporting Standard 102 1A.

Turnover
Turnover represents amounts receivable for rents and service charges.

The company recognises revenue when:
- the amount of revenue can be reliably measured;
- it is probable that future economic benefits will flow to the entity;
- the entity retains neither continuing managerial involvement to the degree usually associated with ownership;
- the costs incurred or to be incurred in respect of the transactions can be measured reliably;
- all of the significant risks and rewards of ownership have been transferred to the customer; and
- specific criteria have been met for each of the company's activities.

Investment property
Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

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.


Hempleman Investment Company Limited (Registered number: 03021779)

Notes to the Financial Statements - continued
for the Year Ended 30 June 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.

Fixed asset investments
Fixed asset investments are recognised in the financial statements at market value.

Borrowings
Interest-bearing borrowings are initially recorded at fair value, net of transactions costs.

Interest-bearing borrowings are subsequently carried at amortised cost, with the difference between the proceeds, net of transaction costs, and the amount due on redemption being recognised as a charge to the Profit and Loss Account over the period of the relevant borrowing.

Interest expense is recognised on the basis of the effective interest method and is included in interest payable and similar charges. Borrowings are classified as current liabilities unless the company has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 4 (2023 - 1 ) .

Hempleman Investment Company Limited (Registered number: 03021779)

Notes to the Financial Statements - continued
for the Year Ended 30 June 2024

4. FIXED ASSET INVESTMENTS
Other
investments
£   
COST
At 1 July 2023 22,880
Impairments (3,880 )
At 30 June 2024 19,000
NET BOOK VALUE
At 30 June 2024 19,000
At 30 June 2023 22,880


5. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 July 2023 1,790,000
Revaluations 53,700
At 30 June 2024 1,843,700
NET BOOK VALUE
At 30 June 2024 1,843,700
At 30 June 2023 1,790,000

The fair value of the investment properties has been arrived at by a valuation by the directors at their open market value at 30 June 2024 based on similar properties.


6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.6.24 30.6.23
£    £   
Other debtors 1,271 315

Hempleman Investment Company Limited (Registered number: 03021779)

Notes to the Financial Statements - continued
for the Year Ended 30 June 2024

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.6.24 30.6.23
£    £   
Bank loans and overdrafts 7,401 7,401
Taxation and social security 29,902 31,102
Other creditors 119,674 151,638
156,977 190,141

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
30.6.24 30.6.23
£    £   
Bank loans 6,417 13,374

Included in bank loans in notes 7 and 8 is a combined balance of £13,818 (2023 - £20,775) which is guaranteed by the government and unsecured.

Hempleman Investment Company Limited (Registered number: 03021779)

Notes to the Financial Statements - continued
for the Year Ended 30 June 2024

9. RELATED PARTY DISCLOSURES

Loans from related parties



Key
management

Other related
parties


Total
2024 £ £ £
At start of period 34,059 42,000 76,059
Advanced 6,842 1,266 8,108
Repaid (14,880 ) (24,000 ) (38,880 )
At end of period 26,021 19,266 45,287


Key
management

Other related
parties


Total
2023 £ £ £
At start of the period 117,176 65,429 182,605
Advanced 4,535 2,321 6,856
Repaid (87,652 ) (25,750 ) (113,402 )
At end of period 34,059 42,000 76,059

Loans from key management are interest free and repayable on demand.

Interest is charged on loans from other related parties at 4%, and are repayable on demand.