Company No:
Contents
| 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 |
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.
Chartered Accountants
85 Birdham Road
Chichester
West Sussex
PO20 7AJ
| Note | 31.12.2024 | 30.06.2023 | ||
| £ | £ | |||
| Fixed assets | ||||
| Tangible assets | 4 |
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| Investments | 5 |
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| 186,569 | 212,927 | |||
| Current assets | ||||
| Debtors | 6 |
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| Cash at bank and in hand |
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| 787,055 | 767,996 | |||
| Creditors: amounts falling due within one year | 7 | (
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| 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 | (
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| Provision for liabilities | 9 | (
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| Net liabilities | (
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| Capital and reserves | ||||
| Called-up share capital | 10 |
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| Profit and loss account | (
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| Total shareholder's deficit | (
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Directors' responsibilities:
The financial statements of Hampshire Delights Limited (registered number:
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M D P Mcgeever
Director |
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.
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 £.
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.
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 is recognised when the significant risks and rewards are considered to have been transferred to the customer.
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.
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.
| Computer software |
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| Land and buildings |
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| Plant and machinery |
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| Fixtures and fittings |
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| Computer equipment |
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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.
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.
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.
| Period from 01.07.2023 to 31.12.2024 |
Year ended 30.06.2023 |
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| Number | Number | ||
| Monthly average number of persons employed by the Company during the period, including directors |
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| Computer software | Total | ||
| £ | £ | ||
| Cost | |||
| At 01 July 2023 |
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| At 31 December 2024 |
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| Accumulated amortisation | |||
| At 01 July 2023 |
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| At 31 December 2024 |
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| Net book value | |||
| At 31 December 2024 |
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| At 30 June 2023 |
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| Land and buildings | Plant and machinery | Fixtures and fittings | Computer equipment | Total | |||||
| £ | £ | £ | £ | £ | |||||
| Cost | |||||||||
| At 01 July 2023 |
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| At 31 December 2024 |
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| At 01 July 2023 |
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| Charge for the financial period |
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| At 31 December 2024 |
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| Net book value | |||||||||
| At 31 December 2024 |
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| At 30 June 2023 |
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Investments in subsidiaries
| 31.12.2024 | |
| £ | |
| Cost | |
| At 01 July 2023 |
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| At 31 December 2024 |
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| Carrying value at 31 December 2024 |
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| Carrying value at 30 June 2023 |
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| 31.12.2024 | 30.06.2023 | ||
| £ | £ | ||
| Trade debtors |
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| Amounts owed by own subsidiaries |
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| Other debtors |
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| 31.12.2024 | 30.06.2023 | ||
| £ | £ | ||
| Bank loans |
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| Trade creditors |
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| Amounts owed to connected persons |
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| Taxation and social security |
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| Other creditors |
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| 31.12.2024 | 30.06.2023 | ||
| £ | £ | ||
| Bank loans |
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| 31.12.2024 | 30.06.2023 | ||
| £ | £ | ||
| At the beginning of financial period/year | (
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| Credited to the Profit and Loss Account |
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| At the end of financial period/year | (
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| 31.12.2024 | 30.06.2023 | ||
| £ | £ | ||
| Allotted, called-up and fully-paid | |||
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The Company continues to receive an interest free loan from it's director which is repayable on demand.
Parent Company:
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| 9 Donnington Park, 85 Birdham Road, Chichester, United Kingdom PO20 7AJ |