Registered number
04888387
HAMMOND PARTNERS SEARCH SERVICES LIMITED
Filleted Accounts
31 March 2025
HAMMOND PARTNERS SEARCH SERVICES LIMITED
Registered number: 04888387
Balance Sheet
as at 31 March 2025
Notes 2025 2024
£ £
Fixed assets
Tangible assets 3 - 8,457
Investments 4 20,000 20,000
20,000 28,457
Current assets
Debtors 5 17,244 40,511
Cash at bank and in hand 6,351 16,501
23,595 57,012
Creditors: amounts falling due within one year 6 (10,648) (36,660)
Net current assets 12,947 20,352
Total assets less current liabilities 32,947 48,809
Creditors: amounts falling due after more than one year 7 (6,213) (13,618)
Net assets 26,734 35,191
Capital and reserves
Called up share capital 63 63
Revaluation reserve 8 37 37
Profit and loss account 26,634 35,091
Shareholders' funds 26,734 35,191
The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their 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.
P Hammond
Director
Approved by the board on 31 July 2025
HAMMOND PARTNERS SEARCH SERVICES LIMITED
Notes to the Accounts
for the year ended 31 March 2025
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 received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
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:
Fixtures, fittings, tools and equipment over 5 years
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.
Foreign currency translation
Transactions in foreign currencies are initially recognised at the rate of exchange ruling at the date of the transaction. At the end of each reporting period foreign currency monetary items are translated at the closing rate of exchange. Non-monetary items that are measured at historical cost are translated at the rate ruling at the date of the transaction. All differences are charged to profit or loss.
Pensions
Contributions to defined contribution plans are expensed in the period to which they relate.
2 Employees 2025 2024
Number Number
Average number of persons employed by the company 0 1
3 Tangible fixed assets
Fixtures, fittings, tools and equipment
£
Cost
At 1 April 2024 140,221
Disposals (140,221)
At 31 March 2025 -
Depreciation
At 1 April 2024 131,764
On disposals (131,764)
At 31 March 2025 -
Net book value
At 31 March 2025 -
At 31 March 2024 8,457
4 Investments
Investments in
subsidiary
undertakings
£
Cost
At 1 April 2024 20,000
At 31 March 2025 20,000
5 Debtors 2025 2024
£ £
Amounts owed by group undertakings and undertakings in which the company has a participating interest 17,244 24,266
Other debtors - 16,245
17,244 40,511
6 Creditors: amounts falling due within one year 2025 2024
£ £
Bank loans and overdrafts 10,648 10,648
Trade creditors - 385
Taxation and social security costs - 6,381
Other creditors - 19,246
10,648 36,660
7 Creditors: amounts falling due after one year 2025 2024
£ £
Bank loans 6,213 13,618
8 Revaluation reserve 2025 2024
£ £
At 1 April 2024 37 37
At 31 March 2025 37 37
9 Other information
HAMMOND PARTNERS SEARCH SERVICES LIMITED is a private company limited by shares and incorporated in England. Its registered office is:
Nower End
Nower Road
Dorking
Surrey
RH4 3BX
HAMMOND PARTNERS SEARCH SERVICES LIMITED 04888387 false 2024-04-01 2025-03-31 2025-03-31 VT Final Accounts April 2025 P Hammond No description of principal activity 04888387 2023-04-01 2024-03-31 04888387 core:WithinOneYear 2024-03-31 04888387 core:AfterOneYear 2024-03-31 04888387 core:ShareCapital 2024-03-31 04888387 core:OtherReservesSubtotal 2024-03-31 04888387 core:RetainedEarningsAccumulatedLosses 2024-03-31 04888387 core:RevaluationReserve 2023-03-31 04888387 2024-04-01 2025-03-31 04888387 bus:PrivateLimitedCompanyLtd 2024-04-01 2025-03-31 04888387 bus:AuditExemptWithAccountantsReport 2024-04-01 2025-03-31 04888387 bus:Director40 2024-04-01 2025-03-31 04888387 1 2024-04-01 2025-03-31 04888387 2 2024-04-01 2025-03-31 04888387 core:PlantMachinery 2024-04-01 2025-03-31 04888387 countries:England 2024-04-01 2025-03-31 04888387 bus:FRS102 2024-04-01 2025-03-31 04888387 bus:FilletedAccounts 2024-04-01 2025-03-31 04888387 2025-03-31 04888387 core:WithinOneYear 2025-03-31 04888387 core:AfterOneYear 2025-03-31 04888387 core:ShareCapital 2025-03-31 04888387 core:OtherReservesSubtotal 2025-03-31 04888387 core:RetainedEarningsAccumulatedLosses 2025-03-31 04888387 core:PlantMachinery 2025-03-31 04888387 core:RevaluationReserve 2025-03-31 04888387 2024-03-31 04888387 core:PlantMachinery 2024-03-31 04888387 core:RevaluationReserve 2024-03-31 iso4217:GBP xbrli:pure