THE HAMPSHIRE BUILDING COMPANY LIMITED


Director	Bunday, Gordon


Registered Address	8/9 Farringdon Industrial Centre Gosport Road
	Farringdon
	Alton
	GU34 3DD


Registered Number	09840171 (England and Wales)

Balance Sheet as at
31 December 2024

	Notes	2024		2023
		£	£	£	£
Fixed assets
Tangible assets	3		41,090		13,050
			41,090		13,050
Current assets
Debtors	4	77,897		59,275
Cash at bank and on hand		-		36,472
		77,897		95,747
Creditors amounts falling due within one year	5	(141,324)		(103,738)
Net current assets (liabilities)			(63,427)		(7,991)
Total assets less current liabilities			(22,337)		5,059
Creditors amounts falling due after one year	6		(1,724)		(5,282)
Net assets			(24,061)		(223)
Capital and reserves
Called up share capital			100		100
Profit and loss account			(24,161)		(323)
Shareholders' funds			(24,061)		(223)

The company was entitled to exemption from audit for this reporting period under section 477 of the Companies Act 2006 relating to small companies.
The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The Director acknowledges their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.
The directors have chosen to not file a copy of the company’s profit and loss account under section 444 (5A) Companies Act 2006.

The financial statements were approved and authorised for issue by the Director on 25 September 2025, and are signed on its behalf by:

Bunday, Gordon
Director
Registered Company No. 09840171

THE HAMPSHIRE BUILDING COMPANY LIMITED

Notes to the Financial Statements
for the year ended 31 December 2024

1.	Accounting policies

	Statutory information
	The company is a private company limited by shares and registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

	Statement of compliance
	The financial statements have been prepared in accordance with the Companies Act 2006 and FRS 102 The Financial Reporting Standard applicable in the UK and Republic of Ireland including Section 1A Small Entities.

	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).

	Going concern
	The accompanying financial statements have been prepared on a going concern basis. The director has considered the company's financial position. At the balance sheet date, the company had net liabilities of £24,061, primarily due to an overdrawn director's loan account of £57,056. The director has confirmed that he expects to repay a significant amount of the loan account within 12 months of the approval date of these accounts. Based on this assurance, the director believes it is appropriate to prepare the accounts on a going concern basis.

Going concern

The accompanying financial statements have been prepared on a going concern basis.

The director has considered the company's financial position.  At the balance sheet date, the company had net liabilities of £24,061, primarily due  to an overdrawn director's loan account of £57,056.  The director has confirmed that he expects to repay a significant amount of the loan account within 12 months of the approval date of these accounts.

Based on this assurance, the director believes it is appropriate to prepare the accounts on a going concern basis.

	Revenue from sale of goods
	Revenue from the sale of goods is recognised when the company has transferred to the buyer the significant risks and rewards of ownership of the goods, usually when goods are delivered and legal title has passed. Providing the amount of revenue can be measured reliably, it is probable that the economic benefits associated with the transaction will flow to the company and the costs incurred or to be incurred in respect of the transition can be measured reliably.

Revenue from sale of goods

Revenue from the sale of goods is recognised when the company has transferred to the buyer the significant risks and rewards of ownership of the goods, usually when goods are delivered and legal title has passed. Providing the amount of revenue can be measured reliably, it is probable that the economic benefits associated with the transaction will flow to the company and the costs incurred or to be incurred in respect of the transition can be measured 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.

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.

	Tangible fixed assets and depreciation
	All fixed assets are initially recorded at cost. Property, plant and equipment is used in the company's principal activity for the production and supply of goods or for administrative purposes and is stated in the balance sheet under the historic cost model. This model requires the assets to be stated at cost less amounts in respect of depreciation and less any accumulated impairment losses. Depreciation is calculated so as to write off the cost of an asset, less its estimated residual value (which is the expected amount that would currently be obtained from disposal of an asset, after deducting the estimated costs of disposal, if the asset were already of the age and in the condition expected at the end of its useful life), over the useful economic life of the respective asset as follows:

Tangible fixed assets and depreciation

All fixed assets are initially recorded at cost. Property, plant and equipment is used in the company's principal activity for the production and supply of goods or for administrative purposes and is stated in the balance sheet under the historic cost model. This model requires the assets to be stated at cost less amounts in respect of depreciation and less any accumulated impairment losses. Depreciation is calculated so as to write off the cost of an asset, less its estimated residual value (which is the expected amount that would currently be obtained from disposal of an asset, after deducting the estimated costs of disposal, if the asset were already of the age and in the condition expected at the end of its useful life), over the useful economic life of the respective asset as follows:


		Reducing balance (%)
	Plant and machinery	20

	Finance leases and hire purchase contracts
	Assets held under finance leases which are leases where substantially all the risks and rewards of ownership of the asset have passed to the company, and hire purchase contracts are capitalised in the balance sheet. They are depreciated over the shorter of their useful lives or the term of the lease.

2.	Average number of employees


		2024		2023
	Average number of employees during the year	1		1

3.	Tangible fixed assets

	Plant & machinery	Total
	£	£
Cost or valuation
At 01 January 24	14,500	14,500
Additions	40,859	40,859
Disposals	(5,046)	(5,046)
At 31 December 24	50,313	50,313
Depreciation and impairment
At 01 January 24	1,450	1,450
Charge for year	7,773	7,773
At 31 December 24	9,223	9,223
Net book value
At 31 December 24	41,090	41,090
At 31 December 23	13,050	13,050


	Included in plant and machinery is an asset held on hire purchase with a net book value at 31 December 2024 of £10,440.

4.	Debtors: amounts due within one year

	2024	2023
	£	£
Other debtors	76,313	59,275
Prepayments and accrued income	1,584	-
Total	77,897	59,275


	Other Debtors includes an outstanding loan to the director of £57,056 at 31 December 2024 (2023 - £0). A provision for s455 tax under CTA 2010 has been made in the sum of £19,256 and this has been included as corporation tax recoverable in other debtors.

5.	Creditors: amounts due within one year

	2024	2023
	£	£
Trade creditors / trade payables	46,480	34,796
Bank borrowings and overdrafts	29,636	3,940
Taxation and social security	54,145	16,342
Other creditors	9,339	47,700
Accrued liabilities and deferred income	1,724	960
Total	141,324	103,738

6.	Creditors: amounts due after one year

	2024	2023
	£	£
Bank borrowings and overdrafts	1,724	5,282
Total	1,724	5,282

7.	Related party transactions
	There is a balance owed to the company by the director at 31 December 2024 of £57,056, and this is included in Other debtors (See note 4).

8.	Controlling party
	The ultimate controlling party is Gordon Bunday.