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REGISTERED NUMBER: 03834028 (England and Wales)










Hamilton Scott Estates Limited

Unaudited Financial Statements

for the Year Ended 31 December 2023






Hamilton Scott Estates Limited (Registered number: 03834028)






Contents of the Financial Statements
for the Year Ended 31 December 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Hamilton Scott Estates Limited

Company Information
for the Year Ended 31 December 2023







DIRECTORS: P S Wilson
J H Wilson





SECRETARY: J H Wilson





REGISTERED OFFICE: 7 Lynwood Court
Priestlands Place
Lymington
Hampshire
SO41 9GA





REGISTERED NUMBER: 03834028 (England and Wales)

Hamilton Scott Estates Limited (Registered number: 03834028)

Balance Sheet
31 December 2023

2023 2022
Notes £    £   
FIXED ASSETS
Tangible assets 5 5,645 607,646

CURRENT ASSETS
Debtors 6 7,320,962 6,654,980
Cash at bank 639,869 478,525
7,960,831 7,133,505
CREDITORS
Amounts falling due within one year 7 (233,903 ) (138,261 )
NET CURRENT ASSETS 7,726,928 6,995,244
TOTAL ASSETS LESS CURRENT
LIABILITIES

7,732,573

7,602,890

CAPITAL AND RESERVES
Called up share capital 8 2 2
Retained earnings 7,732,571 7,602,888
SHAREHOLDERS' FUNDS 7,732,573 7,602,890

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2023 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.

Hamilton Scott Estates Limited (Registered number: 03834028)

Balance Sheet - continued
31 December 2023


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 Profit and Loss Account has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 14 April 2025 and were signed on its behalf by:





P S Wilson - Director


Hamilton Scott Estates Limited (Registered number: 03834028)

Notes to the Financial Statements
for the Year Ended 31 December 2023

1. STATUTORY INFORMATION

Hamilton Scott Estates 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. STATEMENT OF COMPLIANCE

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A - 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Companies Act 2006.

3. ACCOUNTING POLICIES

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 company's functional and presentational currency is pound sterling.

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.

GOING CONCERN
The financial statements have been prepared on a going concern basis.

TANGIBLE ASSETS
Tangible assets are stated in the statement of financial position at cost, less any subsequent accumulated
depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and
installation.

DEPRECIATION
Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset classDepreciation method and rate
Fixtures and fittings25% reducing balance basis

REVENUE RECOGNITION
Turnover consists of rent receivable, net of value added tax, and is credited to revenue in the accounting period in which it is receivable. Turnover is recognised on the date of the invoice.

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;
and specific criteria have been met for each of the company's activities.


Hamilton Scott Estates Limited (Registered number: 03834028)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2023

3. ACCOUNTING POLICIES - continued
TAXATION
Taxation for the year comprises current and deferred tax. Tax is recognised in the Profit and Loss Account, 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.

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.

CASH AND CASH EQUIVALENTS
Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid
investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of
change in value.

TRADE DEBTORS
Trade debtors are amounts due from customers for services provided in the ordinary course of business.

Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade
debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

4. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2022 - 2 ) .

Hamilton Scott Estates Limited (Registered number: 03834028)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2023

5. TANGIBLE FIXED ASSETS
Fixtures
Freehold and
property fittings Totals
£    £    £   
COST
At 1 January 2023 600,120 32,712 632,832
Disposals (600,120 ) - (600,120 )
At 31 December 2023 - 32,712 32,712
DEPRECIATION
At 1 January 2023 - 25,186 25,186
Charge for year - 1,881 1,881
At 31 December 2023 - 27,067 27,067
NET BOOK VALUE
At 31 December 2023 - 5,645 5,645
At 31 December 2022 600,120 7,526 607,646

Revaluation
The fair value of the company's investment properties was revalued on 31 December 2020. An independent
valuer was not involved.The basis of this valuation was open market value. This class of asset has a current value of £600,120 [2020: £822,620].Had this class of asset been measured on a historical cost basis, the carrying amount would have been £932,159 (2020 - £932,159).

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors - 14,419
Other loans 6,878,319 6,374,201
Other debtors 160,249 66,549
Directors' current accounts 282,394 198,857
Prepayments - 954
7,320,962 6,654,980

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Corporation tax liability 221,523 125,979
VAT 287 79
Other creditors - 5,000
Accruals and deferred income 12,093 7,203
233,903 138,261

Hamilton Scott Estates Limited (Registered number: 03834028)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2023

8. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2023 2022
value: £    £   
2 Ordinary shares £1 2 2

9. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 31 December 2023 and 31 December 2022:

2023 2022
£    £   
P S Wilson
Balance outstanding at start of year 99,427 53,377
Amounts advanced 437,220 53,706
Amounts repaid (395,450 ) (7,656 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 141,197 99,427

J H Wilson
Balance outstanding at start of year 99,427 53,377
Amounts advanced 437,220 53,706
Amounts repaid (395,450 ) (7,656 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 141,197 99,427