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REGISTERED NUMBER: 01717645 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 OCTOBER 2024

FOR

HAMBLE VALLEY PRESS LIMITED

HAMBLE VALLEY PRESS LIMITED (REGISTERED NUMBER: 01717645)

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










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4

Chartered Accountants' Report 10

HAMBLE VALLEY PRESS LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 OCTOBER 2024







DIRECTORS: C W Strong
Mrs P M J Strong
M G Strong



SECRETARY: C W Strong



REGISTERED OFFICE: Unit 21 Solent Industrial Estate
Shamblehurst Lane
Hedge End
Southampton
Hampshire
SO30 2FY



REGISTERED NUMBER: 01717645 (England and Wales)



ACCOUNTANTS: Rothmans LLP
Avebury House
St Peter Street
Winchester
Hampshire
SO23 8BN



BANKERS: Lloyds TSB Bank PLC
25 High Street
Ringwood
Hampshire
BH24 1BD

HAMBLE VALLEY PRESS LIMITED (REGISTERED NUMBER: 01717645)

BALANCE SHEET
31 OCTOBER 2024

2024 2023
Notes £    £    £   
FIXED ASSETS
Intangible assets 4 8,946 14,596
Tangible assets 5 262,356 282,954
Investment property 6 1,080,000 806,408
1,351,302 1,103,958

CURRENT ASSETS
Stocks 10,500 10,500
Debtors 7 50,388 48,907
Cash at bank 310,751 413,032
371,639 472,439
CREDITORS
Amounts falling due within one year 8 61,716 67,670
NET CURRENT ASSETS 309,923 404,769
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,661,225

1,508,727

PROVISIONS FOR LIABILITIES 91,677 69,201
NET ASSETS 1,569,548 1,439,526

CAPITAL AND RESERVES
Called up share capital 100 100
Fair value reserve 344,967 221,967
Retained earnings 1,224,481 1,217,459
SHAREHOLDERS' FUNDS 1,569,548 1,439,526

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

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

HAMBLE VALLEY PRESS LIMITED (REGISTERED NUMBER: 01717645)

BALANCE SHEET - continued
31 OCTOBER 2024


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 13 June 2025 and were signed on its behalf by:





M G Strong - Director


HAMBLE VALLEY PRESS LIMITED (REGISTERED NUMBER: 01717645)

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


1. STATUTORY INFORMATION

Hamble Valley Press 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. 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.

The financial statements have been prepared on a going concern basis. At the time of approving the financial statements, the directors have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future.

Turnover
Turnover represents net invoiced sales of goods, excluding value added tax. Turnover is recognised when the goods are physically dispatched to the customer. Turnover is generated from the principal activity of printing services.

Other income is the amount of rent receivable from the Company's investment properties

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2016, is being amortised evenly over its estimated useful life of ten years.

Tangible fixed assets
Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives.

Depreciation is provided on the following basis:

Plant & Machinery - 10% reducing balance

Fixtures & Fittings - 15% reducing balance

Motor vehicle - 25% reducing balance

Office Equipment - 15% reducing balance

Improvements To Property - 2 % Straight Line

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in the Income Statement.

HAMBLE VALLEY PRESS LIMITED (REGISTERED NUMBER: 01717645)

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


2. ACCOUNTING POLICIES - continued

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.

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Financial instruments
Cash and cash equivalents
Cash and cash equivalents in the balance sheet include cash in hand, deposits held at call with banks, other short-term deposits with an original maturity of three months or less.

Short-term debtors and creditors
Debtors and creditors with no stated interest rate and receivable or payable within one year are recorded at transaction price including transaction costs. Any losses arising from impairment review at the reporting end date are recognised in the profit and loss account.

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.

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.

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

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 6 (2023 - 7 ) .

HAMBLE VALLEY PRESS LIMITED (REGISTERED NUMBER: 01717645)

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


4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 November 2023
and 31 October 2024 56,500
AMORTISATION
At 1 November 2023 41,904
Charge for year 5,650
At 31 October 2024 47,554
NET BOOK VALUE
At 31 October 2024 8,946
At 31 October 2023 14,596

5. TANGIBLE FIXED ASSETS
Fixtures
Long Plant and and
leasehold machinery fittings
£    £    £   
COST
At 1 November 2023 57,166 999,646 44,051
Additions - 42,680 -
Disposals (3,226 ) (242,500 ) -
At 31 October 2024 53,940 799,826 44,051
DEPRECIATION
At 1 November 2023 16,220 792,725 28,091
Charge for year 1,143 20,677 2,394
Eliminated on disposal (102 ) (221,420 ) -
At 31 October 2024 17,261 591,982 30,485
NET BOOK VALUE
At 31 October 2024 36,679 207,844 13,566
At 31 October 2023 40,946 206,921 15,960

HAMBLE VALLEY PRESS LIMITED (REGISTERED NUMBER: 01717645)

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


5. TANGIBLE FIXED ASSETS - continued

Motor Office
vehicles equipment Totals
£    £    £   
COST
At 1 November 2023 26,034 25,990 1,152,887
Additions - - 42,680
Disposals (26,034 ) (17,442 ) (289,202 )
At 31 October 2024 - 8,548 906,365
DEPRECIATION
At 1 November 2023 15,280 17,617 869,933
Charge for year 1,344 1,257 26,815
Eliminated on disposal (16,624 ) (14,593 ) (252,739 )
At 31 October 2024 - 4,281 644,009
NET BOOK VALUE
At 31 October 2024 - 4,267 262,356
At 31 October 2023 10,754 8,373 282,954

6. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 November 2023 806,408
Additions 104,773
Revaluations 168,819
At 31 October 2024 1,080,000
NET BOOK VALUE
At 31 October 2024 1,080,000
At 31 October 2023 806,408

Fair value at 31 October 2024 is represented by:
£   
Valuation in 2009 47,443
Valuation in 2013 14,677
Valuation in 2015 62,960
Valuation in 2017 112,000
Valuation in 2024 168,819
Cost 674,101
1,080,000

HAMBLE VALLEY PRESS LIMITED (REGISTERED NUMBER: 01717645)

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


6. INVESTMENT PROPERTY - continued

If investment properties had not been revalued they would have been included at the following historical cost:

2024 2023
£    £   
Cost 674,101 543,017

Investment properties were valued on a fair value basis on 31 October 2024 by the directors .

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 41,646 44,120
Other debtors 8,742 4,787
50,388 48,907

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade creditors 27,036 15,462
Taxation and social security 3,183 25,960
Other creditors 31,497 26,248
61,716 67,670

9. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 31 October 2024 and 31 October 2023:

2024 2023
£    £   
M G Strong
Balance outstanding at start of year (20,000 ) (30,000 )
Amounts advanced 51,732 20,000
Amounts repaid (60,000 ) (10,000 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year (28,268 ) (20,000 )

C W Strong
Balance outstanding at start of year - -
Amounts advanced 222,028 -
Amounts repaid (222,028 ) -
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year - -

HAMBLE VALLEY PRESS LIMITED (REGISTERED NUMBER: 01717645)

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


9. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES - continued

This loan was provided by the director to the company. Where appropriate, interest has been included on the loan at the appropriate HMRC rate. The loan is repayable on demand.

The directors, CW Strong and Mrs P M J Strong, own Unit 21 Solent Industrial Estate and permit the company to operate from these premises and rent is charged appropriately.

10. RELATED PARTY DISCLOSURES

During the year rent receipts totalling £22,000 (2023: NIL) were paid to P Strong, a director of the company.

11. ULTIMATE CONTROLLING PARTY

The ultimate controlling party is M G Strong.

CHARTERED ACCOUNTANTS' REPORT TO THE BOARD OF DIRECTORS
ON THE UNAUDITED FINANCIAL STATEMENTS OF
HAMBLE VALLEY PRESS LIMITED


The following reproduces the text of the report prepared for the directors in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Directors are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Hamble Valley Press Limited for the year ended 31 October 2024 which comprise the Income Statement, Balance Sheet, Statement of Changes in Equity and the related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the Board of Directors of Hamble Valley Press Limited, as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Hamble Valley Press Limited and state those matters that we have agreed to state to the Board of Directors of Hamble Valley Press Limited, as a body, in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Hamble Valley Press Limited and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that Hamble Valley Press Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Hamble Valley Press Limited. You consider that Hamble Valley Press Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of Hamble Valley Press Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.






Rothmans LLP
Avebury House
St Peter Street
Winchester
Hampshire
SO23 8BN


16 June 2025