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REGISTERED NUMBER: 02724474 (England and Wales)















FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2024

FOR

HADHAM LIMITED

HADHAM LIMITED (REGISTERED NUMBER: 02724474)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


HADHAM LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 DECEMBER 2024







DIRECTORS: L S Kirtland
A J Dartnell





SECRETARY: L S Kirtland





REGISTERED OFFICE: Rae House
Dane Street
Bishop's Stortford
Herts
CM23 3BT





BUSINESS ADDRESS: 20-21 Twyford Business Park
London Road
Bishop's Stortford
Hertfordshire
CM23 3YT





REGISTERED NUMBER: 02724474 (England and Wales)





ACCOUNTANTS: Barrow LLP
Rae House
Dane Street
Bishops Stortford
Herts
CM23 3BT

HADHAM LIMITED (REGISTERED NUMBER: 02724474)

BALANCE SHEET
31 DECEMBER 2024

31.12.24 31.12.23
Notes £    £   
FIXED ASSETS
Tangible assets 4 105,941 159,825

CURRENT ASSETS
Debtors: amounts falling due within one year 5 1,982,433 1,529,808
Debtors: amounts falling due after more than one
year

5

258,739

313,597
Cash at bank 741,748 1,067,839
2,982,920 2,911,244
CREDITORS
Amounts falling due within one year 6 (989,765 ) (1,194,259 )
NET CURRENT ASSETS 1,993,155 1,716,985
TOTAL ASSETS LESS CURRENT LIABILITIES 2,099,096 1,876,810

CAPITAL AND RESERVES
Called up share capital 8 100 100
Retained earnings 2,098,996 1,876,710
SHAREHOLDERS' FUNDS 2,099,096 1,876,810

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 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 Profit and Loss and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 21 May 2025 and were signed on its behalf by:





L S Kirtland - Director


HADHAM LIMITED (REGISTERED NUMBER: 02724474)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024

1. STATUTORY INFORMATION

Hadham Limited is a private company, limited by shares, registered in England and Wales. The company's registered number and registered office along with trading addresses 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.

Critical accounting judgements and key sources of estimation uncertainty

Turnover
Turnover is measured by the company at the fair value of the consideration received or receivable for goods and services provided, net of trade discounts and value added tax. It represents the value of work carried out during the period, including amounts not invoiced. When the outcome of individual contracts can be estimated reliably, contract revenue and contract costs are recognised as revenue and expenses respectively by reference to the stage of completion at the period end date. Revenue is therefore recognised on the basis of the proportion of total costs at the period end date to the total estimated costs of each respective contract.

Provision is made for all known or expected losses on individual contracts once such losses are foreseen.

Tangible fixed assets
Tangible fixed assets are stated at cost less accumulated depreciation and accumulated impairment losses. Depreciation methods, useful lives and residual values are reviewed should there be an indication of a significant change in expectation of any tangible fixed assets' ability to generate future economic benefit.

Tangible fixed assets other than freehold land are stated at cost less depreciation. Depreciation is provided at rates calculated to write each asset down to its estimated residual value over its expected useful life. Depreciation is provided at the following annual rates in order to write off the cost less estimated residual value of each asset over its estimated useful life.

Plant & machinery - 25% on cost and 25% on reducing balance
Motor vehicles - 25% on reducing balance
Computer & office equipment - Straight line over 3 years

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.

HADHAM LIMITED (REGISTERED NUMBER: 02724474)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2024

2. ACCOUNTING POLICIES - continued

Research and development
Expenditure on research and development is written off in the period in which it is incurred.

Hire purchase and leasing commitments
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

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 company operates a defined contribution pension scheme and also pays personal contributions on behalf of a director. All contributions for the period are charged in the profit and loss account.

Financial instruments
A financial asset or a financial liability is recognised only when the entity becomes a party to the contractual provisions of the instruments.

Basic financial instruments are initially recognised at the transaction price, unless the arrangement constitutes, in effect, a financing transaction, where it is recognised at the present value of the future payments discounted at a market rate of interest for a similar debt instrument.

Debt instruments are subsequently measured at amortised cost.

Other financial instruments are initially recognised at fair value, unless payment for an asset is deferred beyond normal business terms or financed at a rate of interest that is not a market rate, in which case the asset is measured at the present value of the future payments discounted at a market rate of interest for a similar debt instrument. Financial assets that are measured at cost or amortised cost are reviewed for objective evidence of impairment at the end of each reporting date. If there is objective evidence of impairment, an impairment loss is recognised in the profit or loss immediately.

Any reversals of impairment are recognised in profit or loss immediately, to the extent that the reversal does not result in a carrying amount of the financial asset that exceeds what the carrying amount would have been had the impairment not previously been recognised.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 44 (2023 - 55 ) .

HADHAM LIMITED (REGISTERED NUMBER: 02724474)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2024

4. TANGIBLE FIXED ASSETS
Computer
and
Plant and Motor office
machinery vehicles equipment Totals
£    £    £    £   
COST
At 1 January 2024 504,663 347,790 151,980 1,004,433
Additions 2,231 - - 2,231
Disposals (13,500 ) (32,303 ) - (45,803 )
At 31 December 2024 493,394 315,487 151,980 960,861
DEPRECIATION
At 1 January 2024 446,929 249,345 148,334 844,608
Charge for year 13,598 20,733 2,705 37,036
Eliminated on disposal (9,941 ) (16,783 ) - (26,724 )
At 31 December 2024 450,586 253,295 151,039 854,920
NET BOOK VALUE
At 31 December 2024 42,808 62,192 941 105,941
At 31 December 2023 57,734 98,445 3,646 159,825

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:
Motor
vehicles
£   
COST
At 1 January 2024 35,834
Transfer to ownership (35,834 )
At 31 December 2024 -
DEPRECIATION
At 1 January 2024 13,671
Transfer to ownership (13,671 )
At 31 December 2024 -
NET BOOK VALUE
At 31 December 2024 -
At 31 December 2023 22,163

HADHAM LIMITED (REGISTERED NUMBER: 02724474)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2024

5. DEBTORS
31.12.24 31.12.23
£    £   
Amounts falling due within one year:
Trade debtors 126,998 136,435
Amounts owed by group undertakings 9,000 6,500
Amounts due from construction
contract customers 944,866 843,401
Other debtors 901,569 543,472
1,982,433 1,529,808

Amounts falling due after more than one year:
Amounts due from construction
contract customers 258,739 313,597
258,739 313,597

Aggregate amounts 2,241,172 1,843,405

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.24 31.12.23
£    £   
Hire purchase contracts - 7,500
Trade creditors 630,326 1,057,416
Taxation and social security 55,305 58,882
Other creditors 304,134 70,461
989,765 1,194,259

7. SECURED DEBTS

The following secured debts are included within creditors:

31.12.24 31.12.23
£    £   
Hire purchase contracts - 7,500

8. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.12.24 31.12.23
value: £    £   
100 Ordinary £1 100 100

HADHAM LIMITED (REGISTERED NUMBER: 02724474)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2024

9. CONTROLLING PARTY

The controlling party is L S Kirtland.

The ultimate controlling party is L S Kirtland.

The company is a wholly owned subsidiary of Kirtland Holdings Limited in which L S Kirtland owns 100% of the issued share capital.

The parent company's registered office is Rae House, Dane Street, Bishops Stortford, Herts CM23 3BT and its business address is 20-21 Twyford Business Centre, London Road, Bishops Stortford, Herts CM23 3YT.