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REGISTERED NUMBER: 13398528 (England and Wales)







GROUP STRATEGIC REPORT, REPORT OF THE DIRECTORS AND

CONSOLIDATED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 22 AUGUST 2024

FOR

HAMPTON'S PEOPLE GROUP LIMITED

HAMPTON'S PEOPLE GROUP LIMITED (REGISTERED NUMBER: 13398528)

CONTENTS OF THE CONSOLIDATED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 22 AUGUST 2024










Page

Company Information 1

Group Strategic Report 2

Report of the Directors 4

Report of the Independent Auditors 6

Consolidated Income Statement 9

Consolidated Other Comprehensive Income 10

Consolidated Balance Sheet 11

Company Balance Sheet 12

Consolidated Statement of Changes in Equity 13

Company Statement of Changes in Equity 14

Consolidated Cash Flow Statement 15

Notes to the Consolidated Cash Flow Statement 16

Notes to the Consolidated Financial Statements 18


HAMPTON'S PEOPLE GROUP LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 22 AUGUST 2024







DIRECTORS: G T McPhee
S J Ray





REGISTERED OFFICE: 1 Homer Road
Solihull
West Midlands
B91 3QG





REGISTERED NUMBER: 13398528 (England and Wales)





AUDITORS: Prime
Chartered Accountants
Statutory Auditor
Corner Oak
1 Homer Road
Solihull
B91 3QG

HAMPTON'S PEOPLE GROUP LIMITED (REGISTERED NUMBER: 13398528)

GROUP STRATEGIC REPORT
FOR THE YEAR ENDED 22 AUGUST 2024


The directors present their strategic report of the company and the group for the year ended 22 August 2024.

The directors present their strategic report for Hamptons People Group Limited ("the Group") for the year ended 2024. Hamptons People Group Limited serves as the parent company for its two principal subsidiaries, Hamptons Resourcing Limited and Step Into Teaching Limited. The Group's primary activity is the ownership of its business interests and management of its office property, which is rented to its subsidiaries.

Principal Activities

The principal activity of Hamptons People Group Limited is the ownership and administration of the Group's property assets. The Group generates rental income by leasing office space to its subsidiaries, Hamptons Resourcing Limited and Step Into Teaching Limited.

Hamptons Resourcing Limited provides recruitment services, while Step Into Teaching Limited focuses on education-related services and training. By managing the property and offering operational support, Hamptons People Group Limited ensures that its subsidiaries can focus on their core business activities.

Hamptons People Group (HPG), which wholly own Hamptons Resourcing (HR) and Step Into Teaching (SIT) offer specialist recruitment services within the social care and a leading graduate training model within the education sector.
The group is focused on both businesses developing as market leaders during the next 12 months and enhancing their reputations as ethical and trusted within their respective markets.

HR has ambitions to grow organically deeper into the markets it serves within the social care arena. This includes social care managers within the public sector and managers within the private sector for clients who serve the social care sector. We have invested heavily in management training in-house and offer our people the best software and systems available to do their jobs to the best of their abilities.

SIT has invested also in its staff and offers new managerial positions to organically grown staff who wish to enhance their careers with us even further. We have added new staff members and managed to support those currently in the business to develop new clients across the UK with our unique graduate teaching experience, which is now recognised as best in class.

Despite challenging conditions, HR has maintained its holding and top-line profits in line with expectations.
SIT has exceeded profit expectations and has grown substantially on it's top and bottom-line profits from last year. This is due to increased headcount and expansion into new geographical areas, as well as growth from existing staff members.

REVIEW OF BUSINESS AND FINANCIAL PERFORMANCE
HR turnover decreased from £17m to £13.967m due to the company restructuring its year end and decreasing from an 18-month year to a 12-month year, which falls in line with its sister company SIT, September to August. Therefore, gross profit was also reduced to £2,142,986 from £3,132,161. Operating profit fell in line with this restructuring to £352,467.

SIT saw turnover increase from £7,744,706 to £11,662,735 for the financial year. Gross profit increased as well to £3,152,596 from £2,485,880. Operating profit increased as well to £964,088 from £857,426.

After a challenging year for both companies HPG saw its net assets change to £1,278,271 from £2,055,580. With the alignment of the financial years next year should see net assets increase accordingly.


HAMPTON'S PEOPLE GROUP LIMITED (REGISTERED NUMBER: 13398528)

GROUP STRATEGIC REPORT
FOR THE YEAR ENDED 22 AUGUST 2024

PRINCIPAL RISKS AND UNCERTAINTIES
With fluctuation and market uncertainty the recruitment pipeline and hiring of top-level graduates and social care managers is our principal uncertainty. Local authorities are under more financial pressure to make savings. This will come from reducing staff numbers, but whilst remaining in the managerial space, our services will always be in demand. The education sector has faced a challenging year and schools catch up and pupil budgets have been squeezed. By offering a unique and UK wide service, SIT is placed to gain market share form education providers who place sporadic graduates in schools.

Credit Risk

We are exposed to limit risk from customers who are financed by central government budgets. Whilst some councils are entering into section 141 notices, we are confident that suppliers on frameworks such as HPG will remain paid on time.

Liquidity Risk

HPG finances its operation of factoring facility through NATWEST and its retained profits. This facility has been stress tested recently and has been approved for an increase in facilities if required, due to its lack of reliance on its services.

Price risk

We regularly review our pricing model across both companies and manage our candidate pay very carefully. Increased NI and national minimum wage are relevant to SIT and we have planned ahead to take into account.

Retention of staff

Both companies within the group have excellent staff retention. We are constantly upskilling' our employees and offering them sector leading salaries and incentives. Couple this with additional training and new technology systems we are confident our core employees will remain with the business as they have done.

FUTURE DEVELOPMENTS
HPG will continue to strengthen both companies within the group. SIT will invest in new headcount and marketing functions to improve our offering to schools and enable our attraction of top graduate talent into 2025/26. HR will continue to take market share from within the sector and look to diversify into markets that are similar to social care managerial roles within the public and private sectors. This will not stretch the current business model, and we will only do this where it enhances our service offering. We are well placed to grow both companies and see our position in the market enhanced during 2025/26.

ON BEHALF OF THE BOARD:





S J Ray - Director


11 April 2025

HAMPTON'S PEOPLE GROUP LIMITED (REGISTERED NUMBER: 13398528)

REPORT OF THE DIRECTORS
FOR THE YEAR ENDED 22 AUGUST 2024


The directors present their report with the financial statements of the company and the group for the year ended 22 August 2024.

PRINCIPAL ACTIVITY
The principal activity of the group in the year under review was that of a holding company.

DIVIDENDS
The total distribution of dividends for the year ended 22 August 2024 will be £1,771,920 (2023: 849,010).

DIRECTORS
The directors shown below have held office during the whole of the period from 23 August 2023 to the date of this report.

G T McPhee
S J Ray

PERIOD AMENDMENT
The period end was aligned in the previous year in order to have all group companies with the 22 August year end.

STATEMENT OF DIRECTORS' RESPONSIBILITIES
The directors are responsible for preparing the Group Strategic Report, the Report of the Directors and the financial statements in accordance with applicable law and regulations.

Company law requires the directors to prepare financial statements for each financial year. Under that law the directors have elected to prepare the financial statements in accordance with United Kingdom Generally Accepted Accounting Practice (United Kingdom Accounting Standards and applicable law). Under company law the directors must not approve the financial statements unless they are satisfied that they give a true and fair view of the state of affairs of the company and the group and of the profit or loss of the group for that period. In preparing these financial statements, the directors are required to:

- select suitable accounting policies and then apply them consistently;
- make judgements and accounting estimates that are reasonable and prudent;
- prepare the financial statements on the going concern basis unless it is inappropriate to presume that the company will continue in business.

The directors are responsible for keeping adequate accounting records that are sufficient to show and explain the company's and the group's transactions and disclose with reasonable accuracy at any time the financial position of the company and the group and enable them to ensure that the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the company and the group and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

STATEMENT AS TO DISCLOSURE OF INFORMATION TO AUDITORS
So far as the directors are aware, there is no relevant audit information (as defined by Section 418 of the Companies Act 2006) of which the group's auditors are unaware, and each director has taken all the steps that he ought to have taken as a director in order to make himself aware of any relevant audit information and to establish that the group's auditors are aware of that information.

HAMPTON'S PEOPLE GROUP LIMITED (REGISTERED NUMBER: 13398528)

REPORT OF THE DIRECTORS
FOR THE YEAR ENDED 22 AUGUST 2024


AUDITORS
The auditors, Prime, will be proposed for re-appointment at the forthcoming Annual General Meeting.

ON BEHALF OF THE BOARD:





S J Ray - Director


11 April 2025

REPORT OF THE INDEPENDENT AUDITORS TO THE MEMBERS OF
HAMPTON'S PEOPLE GROUP LIMITED


Opinion
We have audited the financial statements of Hampton's People Group Limited (the 'parent company') and its subsidiaries (the 'group') for the year ended 22 August 2024 which comprise the Consolidated Income Statement, Consolidated Other Comprehensive Income, Consolidated Balance Sheet, Company Balance Sheet, Consolidated Statement of Changes in Equity, Company Statement of Changes in Equity, Consolidated Cash Flow Statement and Notes to the Consolidated Cash Flow Statement, Notes to the Financial Statements, including a summary of significant accounting policies. The financial reporting framework that has been applied in their preparation is applicable law and United Kingdom Accounting Standards, including Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' (United Kingdom Generally Accepted Accounting Practice).

In our opinion the financial statements:
-give a true and fair view of the state of the group's and of the parent company affairs as at 22 August 2024 and of the group's profit for the year then ended;
-have been properly prepared in accordance with United Kingdom Generally Accepted Accounting Practice; and
-have been prepared in accordance with the requirements of the Companies Act 2006.

Basis for opinion
We conducted our audit in accordance with International Standards on Auditing (UK) (ISAs (UK)) and applicable law. Our responsibilities under those standards are further described in the Auditors' responsibilities for the audit of the financial statements section of our report. We are independent of the group in accordance with the ethical requirements that are relevant to our audit of the financial statements in the UK, including the FRC's Ethical Standard, and we have fulfilled our other ethical responsibilities in accordance with these requirements. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinion.

Conclusions relating to going concern
In auditing the financial statements, we have concluded that the directors' use of the going concern basis of accounting in the preparation of the financial statements is appropriate.

Based on the work we have performed, we have not identified any material uncertainties relating to events or conditions that, individually or collectively, may cast significant doubt on the group's and the parent company's ability to continue as a going concern for a period of at least twelve months from when the financial statements are authorised for issue.

Our responsibilities and the responsibilities of the directors with respect to going concern are described in the relevant sections of this report.

Other information
The directors are responsible for the other information. The other information comprises the information in the Group Strategic Report and the Report of the Directors, but does not include the financial statements and our Report of the Auditors thereon.

Our opinion on the financial statements does not cover the other information and, except to the extent otherwise explicitly stated in our report, we do not express any form of assurance conclusion thereon.

In connection with our audit of the financial statements, our responsibility is to read the other information and, in doing so, consider whether the other information is materially inconsistent with the financial statements or our knowledge obtained in the audit or otherwise appears to be materially misstated. If we identify such material inconsistencies or apparent material misstatements, we are required to determine whether this gives rise to a material misstatement in the financial statements themselves. If, based on the work we have performed, we conclude that there is a material misstatement of this other information, we are required to report that fact. We have nothing to report in this regard.

REPORT OF THE INDEPENDENT AUDITORS TO THE MEMBERS OF
HAMPTON'S PEOPLE GROUP LIMITED


Opinions on other matters prescribed by the Companies Act 2006
In our opinion, based on the work undertaken in the course of the audit:
- the information given in the Group Strategic Report and the Report of the Directors for the financial year for which the financial statements are prepared is consistent with the financial statements; and
- the Group Strategic Report and the Report of the Directors have been prepared in accordance with applicable legal requirements.
The previous years accounts were not audited therefore this has been declared under ISA(UK) 710:14

Matters on which we are required to report by exception
In the light of the knowledge and understanding of the group and the parent company and its environment obtained in the course of the audit, we have not identified material misstatements in the Group Strategic Report or the Report of the Directors.

We have nothing to report in respect of the following matters where the Companies Act 2006 requires us to report to you if, in our opinion:
- adequate accounting records have not been kept by the parent company, or returns adequate for our audit have not been received from branches not visited by us; or
- the parent company financial statements are not in agreement with the accounting records and returns; or
- certain disclosures of directors' remuneration specified by law are not made; or
- we have not received all the information and explanations we require for our audit.

Responsibilities of directors
As explained more fully in the Statement of Directors' Responsibilities set out on page four, the directors are responsible for the preparation of the financial statements and for being satisfied that they give a true and fair view, and for such internal control as the directors determine necessary to enable the preparation of financial statements that are free from material misstatement, whether due to fraud or error.

In preparing the financial statements, the directors are responsible for assessing the group's and the parent company's ability to continue as a going concern, disclosing, as applicable, matters related to going concern and using the going concern basis of accounting unless the directors either intend to liquidate the group or the parent company or to cease operations, or have no realistic alternative but to do so.

Auditors' responsibilities for the audit of the financial statements
Our objectives are to obtain reasonable assurance about whether the financial statements as a whole are free from material misstatement, whether due to fraud or error, and to issue a Report of the Auditors that includes our opinion. Reasonable assurance is a high level of assurance, but is not a guarantee that an audit conducted in accordance with ISAs (UK) will always detect a material misstatement when it exists. Misstatements can arise from fraud or error and are considered material if, individually or in the aggregate, they could reasonably be expected to influence the economic decisions of users taken on the basis of these financial statements.

The extent to which our procedures are capable of detecting irregularities, including fraud is detailed below:

Our approach to identifying and assessing the risks of material misstatement in respect of irregularities, including fraud and non-compliance with laws and regulations, was as follows:
- the engagement partner ensured that the engagement team collectively had the appropriate competence, capabilities and skills to identify or recognise non-compliance with applicable laws and regulations;
- we identified the laws and regulations applicable to the company through discussions with directors and other management, and from our commercial knowledge and experience of the industry sector;
- we focused on specific laws and regulations which we considered may have a direct material effect on the financial statements or the operations of the company, including the Companies Act 2006, taxation legislation and data protection, anti-bribery, employment, environmental and health and safety legislation;
- we assessed the extent of compliance with the laws and regulations identified above through making enquiries of management and inspecting legal correspondence;

REPORT OF THE INDEPENDENT AUDITORS TO THE MEMBERS OF
HAMPTON'S PEOPLE GROUP LIMITED


We assessed the susceptibility of the company’s financial statements to material misstatement, including obtaining an understanding of how fraud might occur, by:
- making enquiries of management as to where they considered there was susceptibility to fraud, their knowledge of actual, suspected and alleged fraud; and
- considering the internal controls in place to mitigate risks of fraud and non-compliance with laws and regulations.

To address the risk of fraud through management bias and override of controls, we:
- performed analytical procedures to identify any unusual or unexpected relationships;
- tested journal entries to identify unusual transactions;
- assessed whether judgements and assumptions made in determining accounting estimates were indicative of potential bias; and
- investigated the rationale behind significant or unusual transactions.

In response to the risk of irregularities and non-compliance with laws and regulations, we designed procedures which included, but were not limited to:
- agreeing financial statement disclosures to underlying supporting documentation;
- enquiring of management as to actual and potential litigation and claims; and
- reviewing correspondence with HMRC and other relevant parties.

There are inherent limitations in our audit procedures described above. The more removed that laws and regulations are from financial transactions, the less likely it is that we would become aware of non-compliance. Auditing standards also limit the audit procedures required to identify non-compliance with laws and regulations to enquiry of the directors and other management and the inspection of regulatory and legal correspondence, if any.

Material misstatements that arise due to fraud can be harder to detect than those that arise from error as they may involve deliberate concealment or collusion.

A further description of our responsibilities for the audit of the financial statements is located on the Financial Reporting Council's website at www.frc.org.uk/auditorsresponsibilities. This description forms part of our Report of the Auditors.

Other matters which we are required to address
The prior periods financial statements were not audited

Use of our report
This report is made solely to the company's members, as a body, in accordance with Chapter 3 of Part 16 of the Companies Act 2006. Our audit work has been undertaken so that we might state to the company's members those matters we are required to state to them in a Report of the Auditors and for no other purpose. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the company and the company's members as a body, for our audit work, for this report, or for the opinions we have formed.




Jeremy Kitson BA FCA (Senior Statutory Auditor)
for and on behalf of Prime
Chartered Accountants
Statutory Auditor
Corner Oak
1 Homer Road
Solihull
B91 3QG

11 April 2025

HAMPTON'S PEOPLE GROUP LIMITED (REGISTERED NUMBER: 13398528)

CONSOLIDATED INCOME STATEMENT
FOR THE YEAR ENDED 22 AUGUST 2024

Period
1.4.22
Year ended to
22.8.24 22.8.23
Notes £    £   

TURNOVER 3 25,629,975 27,294,542

Cost of sales 20,334,214 21,118,620
GROSS PROFIT 5,295,761 6,175,922

Administrative expenses 3,931,625 4,227,270
1,364,136 1,948,652

Other operating income 1,596 1,987
OPERATING PROFIT 5 1,365,732 1,950,639

Interest receivable and similar income 829 -
1,366,561 1,950,639

Interest payable and similar expenses 6 19,332 34,708
PROFIT BEFORE TAXATION 1,347,229 1,915,931

Tax on profit 7 352,618 422,547
PROFIT FOR THE FINANCIAL YEAR 994,611 1,493,384
Profit attributable to:
Owners of the parent 994,611 1,493,384

HAMPTON'S PEOPLE GROUP LIMITED (REGISTERED NUMBER: 13398528)

CONSOLIDATED OTHER COMPREHENSIVE INCOME
FOR THE YEAR ENDED 22 AUGUST 2024

Period
1.4.22
Year ended to
22.8.24 22.8.23
Notes £    £   

PROFIT FOR THE YEAR 994,611 1,493,384


OTHER COMPREHENSIVE INCOME - -
TOTAL COMPREHENSIVE INCOME
FOR THE YEAR

994,611

1,493,384

Total comprehensive income attributable to:
Owners of the parent 994,611 1,493,384

HAMPTON'S PEOPLE GROUP LIMITED (REGISTERED NUMBER: 13398528)

CONSOLIDATED BALANCE SHEET
22 AUGUST 2024

2024 2023
Notes £    £    £   
FIXED ASSETS
Tangible assets 10 1,226,645 1,252,913
Investments 11 - -
1,226,645 1,252,913

CURRENT ASSETS
Debtors 12 2,865,800 2,547,053
Cash at bank and in hand 1,055,519 1,036,399
3,921,319 3,583,452
CREDITORS
Amounts falling due within one year 13 3,416,620 2,269,369
NET CURRENT ASSETS 504,699 1,314,083
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,731,344

2,566,996

CREDITORS
Amounts falling due after more than one
year

14

(422,269

)

(480,282

)

PROVISIONS FOR LIABILITIES 16 (30,804 ) (31,134 )
NET ASSETS 1,278,271 2,055,580

CAPITAL AND RESERVES
Called up share capital 17 1,102 1,102
Merger Account 18 1,205,531 1,205,531
Retained earnings 18 71,638 848,947
SHAREHOLDERS' FUNDS 1,278,271 2,055,580

The financial statements were approved by the Board of Directors and authorised for issue on 11 April 2025 and were signed on its behalf by:





S J Ray - Director


HAMPTON'S PEOPLE GROUP LIMITED (REGISTERED NUMBER: 13398528)

COMPANY BALANCE SHEET
22 AUGUST 2024

2024 2023
Notes £    £    £   
FIXED ASSETS
Tangible assets 10 1,102,656 1,127,421
Investments 11 1,100 1,100
1,103,756 1,128,521

CURRENT ASSETS
Debtors 12 533,215 709,424
Cash at bank 23,774 27,081
556,989 736,505
CREDITORS
Amounts falling due within one year 13 1,131,368 649,583
NET CURRENT (LIABILITIES)/ASSETS (574,379 ) 86,922
TOTAL ASSETS LESS CURRENT
LIABILITIES

529,377

1,215,443

CREDITORS
Amounts falling due after more than one
year

14

422,269

480,282
NET ASSETS 107,108 735,161

CAPITAL AND RESERVES
Called up share capital 17 1,102 1,102
Retained earnings 18 106,006 734,059
SHAREHOLDERS' FUNDS 107,108 735,161

Company's profit for the financial year 1,392,877 1,334,059

The financial statements were approved by the Board of Directors and authorised for issue on 11 April 2025 and were signed on its behalf by:





S J Ray - Director


HAMPTON'S PEOPLE GROUP LIMITED (REGISTERED NUMBER: 13398528)

CONSOLIDATED STATEMENT OF CHANGES IN EQUITY
FOR THE YEAR ENDED 22 AUGUST 2024

Called up
share Retained Merger Total
capital earnings Account equity
£    £    £    £   
Balance at 1 April 2022 1,102 204,573 1,205,531 1,411,206

Changes in equity
Dividends - (849,010 ) - (849,010 )
Total comprehensive income - 1,493,384 - 1,493,384
Balance at 22 August 2023 1,102 848,947 1,205,531 2,055,580

Changes in equity
Dividends - (1,771,920 ) - (1,771,920 )
Total comprehensive income - 994,611 - 994,611
Balance at 22 August 2024 1,102 71,638 1,205,531 1,278,271

HAMPTON'S PEOPLE GROUP LIMITED (REGISTERED NUMBER: 13398528)

COMPANY STATEMENT OF CHANGES IN EQUITY
FOR THE YEAR ENDED 22 AUGUST 2024

Called up
share Retained Total
capital earnings equity
£    £    £   
Balance at 1 April 2022 1,102 - 1,102

Changes in equity
Dividends - (600,000 ) (600,000 )
Total comprehensive income - 1,334,059 1,334,059
Balance at 22 August 2023 1,102 734,059 735,161

Changes in equity
Dividends - (2,020,930 ) (2,020,930 )
Total comprehensive income - 1,392,877 1,392,877
Balance at 22 August 2024 1,102 106,006 107,108

HAMPTON'S PEOPLE GROUP LIMITED (REGISTERED NUMBER: 13398528)

CONSOLIDATED CASH FLOW STATEMENT
FOR THE YEAR ENDED 22 AUGUST 2024

Period
1.4.22
Year ended to
22.8.24 22.8.23
Notes £    £   
Cash flows from operating activities
Cash generated from operations 1 2,505,961 2,435,865
Interest paid (19,332 ) (34,708 )
Tax paid (573,461 ) (234,229 )
Net cash from operating activities 1,913,168 2,166,928

Cash flows from investing activities
Purchase of tangible fixed assets (28,347 ) (1,292,412 )
Interest received 829 -
Net cash from investing activities (27,518 ) (1,292,412 )

Cash flows from financing activities
New loans in year - 600,000
Loan repayments in year (55,904 ) (62,172 )
Amount withdrawn by directors (38,706 ) 10,294
Equity dividends paid (1,771,920 ) (849,010 )
Net cash from financing activities (1,866,530 ) (300,888 )

Increase in cash and cash equivalents 19,120 573,628
Cash and cash equivalents at
beginning of year

2

1,036,399

462,771

Cash and cash equivalents at end of
year

2

1,055,519

1,036,399

HAMPTON'S PEOPLE GROUP LIMITED (REGISTERED NUMBER: 13398528)

NOTES TO THE CONSOLIDATED CASH FLOW STATEMENT
FOR THE YEAR ENDED 22 AUGUST 2024


1. RECONCILIATION OF PROFIT BEFORE TAXATION TO CASH GENERATED FROM
OPERATIONS

Period
1.4.22
Year ended to
22.8.24 22.8.23
£    £   
Profit before taxation 1,347,229 1,915,931
Depreciation charges 54,613 83,392
Government grants (1,596 ) (1,987 )
Finance costs 19,332 34,708
Finance income (829 ) -
1,418,749 2,032,044
Increase in trade and other debtors (318,348 ) (326,896 )
Increase in trade and other creditors 1,405,560 730,717
Cash generated from operations 2,505,961 2,435,865

2. CASH AND CASH EQUIVALENTS

The amounts disclosed on the Cash Flow Statement in respect of cash and cash equivalents are in respect of these Balance Sheet amounts:

Year ended 22 August 2024
22.8.24 23.8.23
£    £   
Cash and cash equivalents 1,055,519 1,036,399
Period ended 22 August 2023
22.8.23 1.4.22
£    £   
Cash and cash equivalents 1,036,399 462,771


HAMPTON'S PEOPLE GROUP LIMITED (REGISTERED NUMBER: 13398528)

NOTES TO THE CONSOLIDATED CASH FLOW STATEMENT
FOR THE YEAR ENDED 22 AUGUST 2024


3. ANALYSIS OF CHANGES IN NET FUNDS

At 23.8.23 Cash flow At 22.8.24
£    £    £   
Net cash
Cash at bank and in hand 1,036,399 19,120 1,055,519
1,036,399 19,120 1,055,519
Debt
Debts falling due within 1 year (52,653 ) (2,107 ) (54,760 )
Debts falling due after 1 year (480,282 ) 58,013 (422,269 )
(532,935 ) 55,906 (477,029 )
Total 503,464 75,026 578,490

HAMPTON'S PEOPLE GROUP LIMITED (REGISTERED NUMBER: 13398528)

NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 22 AUGUST 2024


1. STATUTORY INFORMATION

Hampton's People Group 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 General 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" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Freehold property - 2% on reducing balance
Improvements to property - 20% on reducing balance
Fixtures and fittings - 15% on reducing balance
Computer equipment - 33.33% on cost

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Consolidated 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.

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.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Pension costs and other post-retirement benefits
The group operates a defined contribution pension scheme. Contributions payable to the group's pension scheme are charged to profit or loss in the period to which they relate.

HAMPTON'S PEOPLE GROUP LIMITED (REGISTERED NUMBER: 13398528)

NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 22 AUGUST 2024


3. TURNOVER

The turnover and profit before taxation are attributable to the one principal activity of the group.

An analysis of turnover by geographical market is given below:

Period
1.4.22
Year ended to
22.8.24 22.8.23
£    £   
United Kingdom 25,629,975 27,294,542
25,629,975 27,294,542

4. EMPLOYEES AND DIRECTORS
Period
1.4.22
Year ended to
22.8.24 22.8.23
£    £   
Wages and salaries 2,649,711 2,527,584
Social security costs 265,893 632,839
Other pension costs 34,996 86,077
2,950,600 3,246,500

The average number of employees during the year was as follows:
Period
1.4.22
Year ended to
22.8.24 22.8.23

Candidate 546 392
Office Staff 57 41
603 433

The average number of employees by undertakings that were proportionately consolidated during the year was 603 (2023 - 444 ) .

Period
1.4.22
Year ended to
22.8.24 22.8.23
£    £   
Directors' remuneration 18,441 24,212

HAMPTON'S PEOPLE GROUP LIMITED (REGISTERED NUMBER: 13398528)

NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 22 AUGUST 2024


5. OPERATING PROFIT

The operating profit is stated after charging:

Period
1.4.22
Year ended to
22.8.24 22.8.23
£    £   
Other operating leases 38,247 24,771
Depreciation - owned assets 54,615 83,390

6. INTEREST PAYABLE AND SIMILAR EXPENSES
Period
1.4.22
Year ended to
22.8.24 22.8.23
£    £   
Bank loan interest 16,755 34,708
Corporation tax interest 2,577 -
19,332 34,708

7. TAXATION

Analysis of the tax charge
The tax charge on the profit for the year was as follows:
Period
1.4.22
Year ended to
22.8.24 22.8.23
£    £   
Current tax:
UK corporation tax 352,948 399,500

Deferred tax (330 ) 23,047
Tax on profit 352,618 422,547

UK corporation tax has been charged at 25 % .

HAMPTON'S PEOPLE GROUP LIMITED (REGISTERED NUMBER: 13398528)

NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 22 AUGUST 2024


7. TAXATION - continued

Reconciliation of total tax charge included in profit and loss
The tax assessed for the year is higher than the standard rate of corporation tax in the UK. The difference is explained below:

Period
1.4.22
Year ended to
22.8.24 22.8.23
£    £   
Profit before tax 1,347,229 1,915,931
Profit multiplied by the standard rate of corporation tax in the UK of
25 % (2023 - 25 %)

336,807

478,983

Effects of:
Expenses not deductible for tax purposes 23,228 30,550
Capital allowances in excess of depreciation (7,087 ) (32,688 )
Adjustment due to change in tax rate during the period - (77,345 )
Deferred tax movement (330 ) 23,047
Total tax charge 352,618 422,547

8. INDIVIDUAL INCOME STATEMENT

As permitted by Section 408 of the Companies Act 2006, the Income Statement of the parent company is not presented as part of these financial statements.


9. DIVIDENDS
Period
1.4.22
Year ended to
22.8.24 22.8.23
£    £   
Ordinary C share of £1
Interim 850,000 250,000
Ordinary D share of £1
Interim 850,000 200,000
Ordinary E shares of £1 each
Interim 35,460 174,505
Ordinary F shares of £1 each
Interim 36,460 224,505
1,771,920 849,010

HAMPTON'S PEOPLE GROUP LIMITED (REGISTERED NUMBER: 13398528)

NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 22 AUGUST 2024


10. TANGIBLE FIXED ASSETS

Group
Improvements Fixtures
Freehold to and Computer
property property fittings equipment Totals
£    £    £    £    £   
COST
At 23 August 2023 1,160,247 4,870 134,282 91,448 1,390,847
Additions - - 10,866 17,481 28,347
At 22 August 2024 1,160,247 4,870 145,148 108,929 1,419,194
DEPRECIATION
At 23 August 2023 32,826 3,915 31,616 69,577 137,934
Charge for year 24,765 183 15,563 14,104 54,615
At 22 August 2024 57,591 4,098 47,179 83,681 192,549
NET BOOK VALUE
At 22 August 2024 1,102,656 772 97,969 25,248 1,226,645
At 22 August 2023 1,127,421 955 102,666 21,871 1,252,913

Company
Freehold
property
£   
COST
At 23 August 2023
and 22 August 2024 1,160,247
DEPRECIATION
At 23 August 2023 32,826
Charge for year 24,765
At 22 August 2024 57,591
NET BOOK VALUE
At 22 August 2024 1,102,656
At 22 August 2023 1,127,421

HAMPTON'S PEOPLE GROUP LIMITED (REGISTERED NUMBER: 13398528)

NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 22 AUGUST 2024


11. FIXED ASSET INVESTMENTS

Company
Shares in
group
undertakings
£   
COST
At 23 August 2023
and 22 August 2024 1,100
NET BOOK VALUE
At 22 August 2024 1,100
At 22 August 2023 1,100

The group or the company's investments at the Balance Sheet date in the share capital of companies include the following:

Subsidiaries

Hampton's Resourcing Limited
Registered office: Corner Oak, 1 Homer Road, Solihull, B91 3QG
Nature of business: Recruitment
%
Class of shares: holding
Ordinary 100.00

Step into Teaching Limited
Registered office: Corner Oak, 1 Homer Road, Solihull, West Midlands, United Kingdom, B91 3QG
Nature of business: Recruitment
%
Class of shares: holding
Ordinary 100.00


12. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

Group Company
2024 2023 2024 2023
£    £    £    £   
Trade debtors 2,734,842 2,504,432 9,000 9,000
Amounts owed by group undertakings - - 523,000 -
Other debtors 64,499 738 - 182
Tax 397 - - -
Prepayments and accrued income 66,062 41,883 1,215 700,242
2,865,800 2,547,053 533,215 709,424

HAMPTON'S PEOPLE GROUP LIMITED (REGISTERED NUMBER: 13398528)

NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 22 AUGUST 2024


13. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

Group Company
2024 2023 2024 2023
£    £    £    £   
Bank loans and overdrafts (see note 15) 54,760 52,653 54,760 52,653
Trade creditors 429,486 287,526 - -
Amounts owed to group undertakings - - 50,649 574,649
Tax 126,682 346,798 16,570 14,847
Social security and other taxes - 113,554 - -
VAT 555,344 474,846 4,851 4,359
Other creditors 1,750,820 769,000 999,998 -
Directors' current accounts 798 39,504 - -
Accrued expenses 498,730 185,488 4,540 3,075
3,416,620 2,269,369 1,131,368 649,583

14. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR

Group Company
2024 2023 2024 2023
£    £    £    £   
Bank loans (see note 15) 422,269 480,282 422,269 480,282

15. LOANS

An analysis of the maturity of loans is given below:

Group Company
2024 2023 2024 2023
£    £    £    £   
Amounts falling due within one year or on demand:
Bank loans 54,760 52,653 54,760 52,653
Amounts falling due between two and five years:
Bank loans - 2-5 years 177,787 170,945 177,787 170,945
Amounts falling due in more than five years:
Repayable by instalments
Bank loans more 5 yr by instal 244,482 309,337 244,482 309,337

16. PROVISIONS FOR LIABILITIES

Group
2024 2023
£    £   
Deferred tax 30,804 31,134

HAMPTON'S PEOPLE GROUP LIMITED (REGISTERED NUMBER: 13398528)

NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 22 AUGUST 2024


16. PROVISIONS FOR LIABILITIES - continued

Group
Deferred
tax
£   
Balance at 23 August 2023 31,134
Provided during year (330 )
Balance at 22 August 2024 30,804

17. CALLED UP SHARE CAPITAL

Allocated and issues shares
Number Class Nominal 2024 2023
250 Ordinary A £1 250 250
250 Ordinary B £1 250 250
1 Ordinary C £1 1 1
1 Ordinary D £1 1 1
300 Ordinary E £1 300 300
300 Ordinary F £1 300 300
Total 1102 1102


Each £1 ordinary share carries the same rights however they have the ability to declare different dividends for each class of share.

18. RESERVES

Group
Retained Merger
earnings Account Totals
£    £    £   

At 23 August 2023 848,947 1,205,531 2,054,478
Profit for the year 994,611 994,611
Dividends (1,771,920 ) (1,771,920 )
At 22 August 2024 71,638 1,205,531 1,277,169

Company
Retained
earnings
£   

At 23 August 2023 734,059
Profit for the year 1,392,877
Dividends (2,020,930 )
At 22 August 2024 106,006


HAMPTON'S PEOPLE GROUP LIMITED (REGISTERED NUMBER: 13398528)

NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 22 AUGUST 2024


19. RELATED PARTY DISCLOSURES

During the year, a creditor balance of £499,999 (2023: £1) for both Oray Investments and McPhee Investments, both of which the directors the directors hold an interest was outstanding at the year end.

20. ULTIMATE CONTROLLING PARTY

There is no ultimate controlling party due to the virtue of the shareholding in the company.