Silverfin false false 31/12/2024 01/07/2023 31/12/2024 A Burdon 02/01/2020 C McGeever 05/06/2018 M D P McGeever 05/06/2018 M D P Mcgeever 30 June 2025 The principal activity of the Company is that of leasing commercial property. 11398831 2024-12-31 11398831 bus:Director1 2024-12-31 11398831 bus:Director2 2024-12-31 11398831 bus:Director3 2024-12-31 11398831 2023-06-30 11398831 core:CurrentFinancialInstruments 2024-12-31 11398831 core:CurrentFinancialInstruments 2023-06-30 11398831 core:Non-currentFinancialInstruments 2024-12-31 11398831 core:Non-currentFinancialInstruments 2023-06-30 11398831 core:ShareCapital 2024-12-31 11398831 core:ShareCapital 2023-06-30 11398831 core:RetainedEarningsAccumulatedLosses 2024-12-31 11398831 core:RetainedEarningsAccumulatedLosses 2023-06-30 11398831 core:ComputerSoftware 2023-06-30 11398831 core:ComputerSoftware 2024-12-31 11398831 core:LandBuildings 2023-06-30 11398831 core:PlantMachinery 2023-06-30 11398831 core:FurnitureFittings 2023-06-30 11398831 core:ComputerEquipment 2023-06-30 11398831 core:LandBuildings 2024-12-31 11398831 core:PlantMachinery 2024-12-31 11398831 core:FurnitureFittings 2024-12-31 11398831 core:ComputerEquipment 2024-12-31 11398831 core:CostValuation 2023-06-30 11398831 core:CostValuation 2024-12-31 11398831 core:SubsidiariesWithMaterialNon-controllingInterests core:CurrentFinancialInstruments 2024-12-31 11398831 core:SubsidiariesWithMaterialNon-controllingInterests core:CurrentFinancialInstruments 2023-06-30 11398831 core:OtherMembersGroupNotDefinedElsewhere core:CurrentFinancialInstruments 2024-12-31 11398831 core:OtherMembersGroupNotDefinedElsewhere core:CurrentFinancialInstruments 2023-06-30 11398831 2022-06-30 11398831 bus:OrdinaryShareClass1 2024-12-31 11398831 2023-07-01 2024-12-31 11398831 bus:FilletedAccounts 2023-07-01 2024-12-31 11398831 bus:SmallEntities 2023-07-01 2024-12-31 11398831 bus:AuditExemptWithAccountantsReport 2023-07-01 2024-12-31 11398831 bus:PrivateLimitedCompanyLtd 2023-07-01 2024-12-31 11398831 bus:Director1 2023-07-01 2024-12-31 11398831 bus:Director2 2023-07-01 2024-12-31 11398831 bus:Director3 2023-07-01 2024-12-31 11398831 bus:Director4 2023-07-01 2024-12-31 11398831 core:ComputerSoftware core:TopRangeValue 2023-07-01 2024-12-31 11398831 core:LandBuildings core:TopRangeValue 2023-07-01 2024-12-31 11398831 core:PlantMachinery core:TopRangeValue 2023-07-01 2024-12-31 11398831 core:FurnitureFittings core:TopRangeValue 2023-07-01 2024-12-31 11398831 core:ComputerEquipment 2023-07-01 2024-12-31 11398831 2022-07-01 2023-06-30 11398831 core:LandBuildings 2023-07-01 2024-12-31 11398831 core:PlantMachinery 2023-07-01 2024-12-31 11398831 core:FurnitureFittings 2023-07-01 2024-12-31 11398831 core:CurrentFinancialInstruments 2023-07-01 2024-12-31 11398831 bus:OrdinaryShareClass1 2023-07-01 2024-12-31 11398831 bus:OrdinaryShareClass1 2022-07-01 2023-06-30 11398831 1 2023-07-01 2024-12-31 iso4217:GBP xbrli:pure xbrli:shares

Company No: 11398831 (England and Wales)

HAMPSHIRE DELIGHTS LIMITED

Unaudited Financial Statements
For the financial period from 01 July 2023 to 31 December 2024
Pages for filing with the registrar

HAMPSHIRE DELIGHTS LIMITED

Unaudited Financial Statements

For the financial period from 01 July 2023 to 31 December 2024

Contents

HAMPSHIRE DELIGHTS LIMITED

COMPANY INFORMATION

For the financial period from 01 July 2023 to 31 December 2024
HAMPSHIRE DELIGHTS LIMITED

COMPANY INFORMATION (continued)

For the financial period from 01 July 2023 to 31 December 2024
Directors A Burdon
C McGeever
M D P McGeever
Registered office 9 Donnington Park
85 Birdham Road
Chichester
PO20 7AJ
United Kingdom
Company number 11398831 (England and Wales)
Accountant Kreston Reeves LLP
9 Donnington Park
85 Birdham Road
Chichester
West Sussex
PO20 7AJ

ACCOUNTANTS' REPORT TO THE BOARD OF DIRECTORS ON THE PREPARATION OF
THE UNAUDITED STATUTORY FINANCIAL STATEMENTS OF HAMPSHIRE DELIGHTS LIMITED

For the financial period from 01 July 2023 to 31 December 2024

ACCOUNTANTS' REPORT TO THE BOARD OF DIRECTORS ON THE PREPARATION OF
THE UNAUDITED STATUTORY FINANCIAL STATEMENTS OF HAMPSHIRE DELIGHTS LIMITED (continued)

For the financial period from 01 July 2023 to 31 December 2024

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Hampshire Delights Limited for the financial period ended 31 December 2024 which comprise the Balance Sheet and the related notes 1 to 12 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 at www.icaew.com/regulation.

It is your duty to ensure that Hampshire Delights 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 Hampshire Delights Limited. You consider that Hampshire Delights Limited is exempt from the statutory audit requirement for the financial period.

We have not been instructed to carry out an audit or a review of the financial statements of Hampshire Delights 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.

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

Kreston Reeves LLP
Chartered Accountants

9 Donnington Park
85 Birdham Road
Chichester
West Sussex
PO20 7AJ

30 June 2025

HAMPSHIRE DELIGHTS LIMITED

BALANCE SHEET

As at 31 December 2024
HAMPSHIRE DELIGHTS LIMITED

BALANCE SHEET (continued)

As at 31 December 2024
Note 31.12.2024 30.06.2023
£ £
Fixed assets
Tangible assets 4 65,405 91,763
Investments 5 121,164 121,164
186,569 212,927
Current assets
Debtors 6 780,922 766,259
Cash at bank and in hand 6,133 1,737
787,055 767,996
Creditors: amounts falling due within one year 7 ( 1,554,250) ( 1,599,891)
Net current liabilities (767,195) (831,895)
Total assets less current liabilities (580,626) (618,968)
Creditors: amounts falling due after more than one year 8 ( 5,000) ( 20,000)
Provision for liabilities 9 ( 5,996) ( 6,988)
Net liabilities ( 591,622) ( 645,956)
Capital and reserves
Called-up share capital 10 100 100
Profit and loss account ( 591,722 ) ( 646,056 )
Total shareholder's deficit ( 591,622) ( 645,956)

For the financial period ending 31 December 2024 the Company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

The financial statements of Hampshire Delights Limited (registered number: 11398831) were approved and authorised for issue by the Board of Directors on 30 June 2025. They were signed on its behalf by:

M D P Mcgeever
Director
HAMPSHIRE DELIGHTS LIMITED

NOTES TO THE FINANCIAL STATEMENTS

For the financial period from 01 July 2023 to 31 December 2024
HAMPSHIRE DELIGHTS LIMITED

NOTES TO THE FINANCIAL STATEMENTS

For the financial period from 01 July 2023 to 31 December 2024
1. Accounting policies

The principal accounting policies are summarised below. They have all been applied consistently throughout the financial period and to the preceding financial year, unless otherwise stated.

General information and basis of accounting

Hampshire Delights Limited (the Company) is a private company, limited by shares, incorporated in the United Kingdom under the Companies Act 2006 and is registered in England and Wales. The address of the Company's registered office is 9 Donnington Park, 85 Birdham Road, Chichester, PO20 7AJ, United Kingdom.

The financial statements have been prepared under the historical cost convention, modified to include the revaluation of freehold properties and to include investment properties and certain items at fair value, and in accordance with Section 1A of Financial Reporting Standard 102 (FRS 102) ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland’ issued by the Financial Reporting Council and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.

The financial statements are presented in pounds sterling which is the functional currency of the Company and rounded to the nearest £.

Going concern

The directors have assessed the Balance Sheet and likely future cash flows at the date of approving these financial statements. The directors have a reasonable expectation that the Company has adequate resources to continue in operational existence and to meet its financial obligations as they fall due for at least 12 months from the date of signing these financial statements. Accordingly, they continue to adopt the going concern basis in preparing the financial statements.

Reporting period length

The financial statements have been prepared for an 18-month period ended 31 December 2024, compared to the previous 12-month period. This change in the reporting period is to better align year end dates of the group companies. Comparative figures for the previous 12-month period are included for reference.

Turnover

Turnover is recognised at the fair value of the consideration received or receivable for goods and services provided in the normal course of business, and is shown net of VAT and other sales related taxes. The fair value of consideration takes into account trade discounts, settlement discounts and volume rebates.

Turnover is recognised when the significant risks and rewards are considered to have been transferred to the customer.

Finance costs

Finance costs are charged to the Profit and Loss Account over the term of the debt using the effective interest method so the amount charged is at a constant rate on the carrying amount. Issue costs are initially recognised as a reduction in the proceeds of the associated capital instrument.

Taxation

Current tax
Current tax is provided at amounts expected to be paid (or recoverable) using the tax rates and laws that have been enacted or substantively enacted at the Balance Sheet date.

Deferred tax
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the Company's financial statements. Deferred tax is provided in full on timing differences which result in an obligation to pay more or less tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws. Deferred tax assets and liabilities are not discounted.

The carrying amount of deferred tax assets are reviewed at each reporting date and a valuation allowance is set up against deferred tax assets so that the net carrying amount equals the highest amount that is more likely than not to be recovered based on current or future taxable profit.

Intangible assets

Intangible assets are stated at cost or valuation, net of amortisation and any provision for impairment. Amortisation is provided on all intangible assets at rates to write off the cost or valuation of each asset over its expected useful life as follows:

Computer software 5 years straight line
Tangible fixed assets

Tangible fixed assets are stated at cost or valuation, net of depreciation and any provision for impairment. Depreciation is provided on all tangible fixed assets, other than investment property and freehold land, at rates calculated to write off the cost or valuation, less estimated residual value, of each asset on a straight-line or reducing balance basis over its expected useful life, as follows:

Land and buildings 10 years straight line
Plant and machinery 5 years straight line
Fixtures and fittings 5 years straight line
Computer equipment 25 % reducing balance

Residual value represents the estimated amount which would currently be obtained from disposal of an asset, after deducting estimated costs of disposal, if the asset were already of the age and in the condition expected at the end of its useful life.

The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to profit or loss.

Impairment of assets

Assets, other than those measured at fair value, are assessed for indicators of impairment at each Balance Sheet date. If there is objective evidence of impairment, an impairment loss is recognised in the Profit and Loss Account as described below.

Trade and other debtors

Trade and other debtors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest method less impairment losses for bad and doubtful debts, except where the effect of discounting would be immaterial. In such cases the receivables are stated at cost less impairment losses for bad and doubtful debts.

Cash and cash equivalents

Cash and cash equivalents are basic financial assets and include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in creditors: amounts falling due within one year.

Trade and other creditors

Trade and other creditors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest rate method, unless the effect of discounting would be immaterial, in which case they are stated at cost.

Financial instruments

Financial assets and financial liabilities are recognised when the Company becomes a party to the contractual provisions of the instrument.

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the Company after deducting all of its liabilities.

Financial assets and liabilities are only offset in the Balance Sheet when, and only when there exists a legally enforceable right to set off the recognised amounts and the Company intends either to settle on a net basis, or to realise the asset and settle the liability simultaneously.

Investments
Investments in non-convertible preference shares and non-puttable ordinary or preference shares (where shares are publicly traded or their fair value is reliably measurable) are measured at fair value through the Profit and Loss Account. Where fair value cannot be measured reliably, investments are measured at cost less impairment.

2. Employees

Period from
01.07.2023 to
31.12.2024
Year ended
30.06.2023
Number Number
Monthly average number of persons employed by the Company during the period, including directors 3 18

3. Intangible assets

Computer software Total
£ £
Cost
At 01 July 2023 3,500 3,500
At 31 December 2024 3,500 3,500
Accumulated amortisation
At 01 July 2023 3,500 3,500
At 31 December 2024 3,500 3,500
Net book value
At 31 December 2024 0 0
At 30 June 2023 0 0

4. Tangible assets

Land and buildings Plant and machinery Fixtures and fittings Computer equipment Total
£ £ £ £ £
Cost
At 01 July 2023 111,150 20,676 14,482 11,153 157,461
At 31 December 2024 111,150 20,676 14,482 11,153 157,461
Accumulated depreciation
At 01 July 2023 38,016 11,695 9,124 6,863 65,698
Charge for the financial period 16,673 4,416 3,660 1,609 26,358
At 31 December 2024 54,689 16,111 12,784 8,472 92,056
Net book value
At 31 December 2024 56,461 4,565 1,698 2,681 65,405
At 30 June 2023 73,134 8,981 5,358 4,290 91,763

5. Fixed asset investments

Investments in subsidiaries

31.12.2024
£
Cost
At 01 July 2023 121,164
At 31 December 2024 121,164
Carrying value at 31 December 2024 121,164
Carrying value at 30 June 2023 121,164

6. Debtors

31.12.2024 30.06.2023
£ £
Trade debtors 7,740 19
Amounts owed by own subsidiaries 764,890 763,383
Other debtors 8,292 2,857
780,922 766,259

7. Creditors: amounts falling due within one year

31.12.2024 30.06.2023
£ £
Bank loans 10,000 351,250
Trade creditors 0 20,775
Amounts owed to connected persons 161,265 0
Taxation and social security 49,366 20,973
Other creditors 1,333,619 1,206,893
1,554,250 1,599,891

There are no amounts included above in respect of the current year which any security has been given by the small entity. The prior year included £341,250 secured by a fixed and floating charge over the Company's assets.

8. Creditors: amounts falling due after more than one year

31.12.2024 30.06.2023
£ £
Bank loans 5,000 20,000

9. Deferred tax

31.12.2024 30.06.2023
£ £
At the beginning of financial period/year ( 6,988) ( 7,115)
Credited to the Profit and Loss Account 992 127
At the end of financial period/year ( 5,996) ( 6,988)

10. Called-up share capital

31.12.2024 30.06.2023
£ £
Allotted, called-up and fully-paid
100 Ordinary shares of £ 1.00 each 100 100

11. Related party transactions

The Company continues to receive an interest free loan from it's director which is repayable on demand.

12. Ultimate controlling party

Parent Company:

7TG Holdings Limited
9 Donnington Park, 85 Birdham Road, Chichester, United Kingdom PO20 7AJ

The company is a subsidiary of 7TG Holdings Limited, with 100% ownership. 7TG Holdings Limited is the ultimate parent company.