Registered number
12100042
Hampton Stones Limited
Filleted Accounts
31 July 2024
Hampton Stones Limited
Registered number: 12100042
Balance Sheet
as at 31 July 2024
Notes 2024 2023
£ £
Fixed assets
Tangible assets 3 3,212 4,283
Investments 4 660,113 660,113
663,325 664,396
Current assets
Debtors 5 20,750 20,600
Cash at bank and in hand 23,717 123,136
44,467 143,736
Creditors: amounts falling due within one year 6 (107,852) (222,685)
Net current liabilities (63,385) (78,949)
Total assets less current liabilities 599,940 585,447
Creditors: amounts falling due after more than one year 7 (531,996) (544,065)
Net assets 67,944 41,382
Capital and reserves
Called up share capital 3 3
Profit and loss account 67,941 41,379
Shareholder's funds 67,944 41,382
The director is satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The member has not required the company to obtain an audit in accordance with section 476 of the Act.
The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
Mr Rajiv Gupta
Director
Approved by the board on 23 July 2025
Hampton Stones Limited
Notes to the Accounts
for the year ended 31 July 2024
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Turnover
Turnover is measured at the fair value of the consideration for rent receivable, net of discounts and value added taxes. The company recognises revenue when the amount of revenue can be reliably measured; it is probable that future economic benefits will flow to the entity; and specific criteria have been met for each of the company's activities.
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Equipment, fixtures and fittings over 4 years
Investment Properties
Investment properties are those which are held either to earn rental income or for capital appreciation or for both. Investment properties are measured at cost, including related transaction costs. After initial recognition at cost, investment properties are carried at at their fair values based on market value determined by Directors annually. The difference between the fair value of an investment at the reporting date and its carrying amount prior to re-measurement is included in the income statement as a valuation surplus or deficit.
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
Provisions
Provisions (ie liabilities of uncertain timing or amount) are recognised when there is an obligation at the reporting date as a result of a past event, it is probable that economic benefit will be transferred to settle the obligation and the amount of the obligation can be estimated reliably.
2 Employees 2024 2023
Number Number
Average number of persons employed by the company 0 0
3 Tangible fixed assets
Equipment, fixtures and fittings
£
Cost
At 1 August 2023 9,530
At 31 July 2024 9,530
Depreciation
At 1 August 2023 5,247
Charge for the year 1,071
At 31 July 2024 6,318
Net book value
At 31 July 2024 3,212
At 31 July 2023 4,283
4 Investment properties
Investment
properties
£
Cost
At 1 August 2023 660,113
At 31 July 2024 660,113
The fair value adjustment of the investment property has been carried out by the director. The director having suitable knowledge and qualification considered the above valution to be a fair reflection of the value of the investment property as at 31 July 2024.
5 Debtors 2024 2023
£ £
Other debtors 20,750 20,600
6 Creditors: amounts falling due within one year 2024 2023
£ £
Bank loans and overdrafts 37,640 25,622
Taxation and social security costs 8,687 4,898
Other creditors 61,525 192,165
107,852 222,685
7 Creditors: amounts falling due after one year 2024 2023
£ £
Other creditors 531,996 544,065
8 Loans 2024 2023
£ £
Creditors include:
Secured bank loans 569,636 569,687
Bank loans are secured against the investment properties owned by the company.
9 Other information
Hampton Stones Limited is a private company limited by shares and incorporated in England. Its registered office is:
82 Woodcote Valley Road
Purley
CR8 3BE
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