REGISTERED NUMBER: 01805171 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024

FOR

HAMSON CONSTRUCTION LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTORS:

Mr A R Hams

Mrs H G Hams

SECRETARY:

Mrs H G Hams

REGISTERED OFFICE:

Manor House

Smallburgh

Norwich

Norfolk

NR12 9LS

REGISTERED NUMBER:

01805171 (England and Wales)

ACCOUNTANTS:

LEES

Chartered Certified Accountants

Ingram House

Meridian Way

Norwich

Norfolk

NR7 0TA

FIXED ASSETS

Tangible assets

4

12,835

17,618

Investment property

5

350,000

350,000

362,835

367,618

CURRENT ASSETS

Stocks

273,969

273,969

Debtors

6

2,091

3,974

Cash at bank

173,784

154,711

449,844

432,654

CREDITORS

Amounts falling due within one year

7

(81,102

)

(68,114

)

NET CURRENT ASSETS

368,742

364,540

TOTAL ASSETS LESS CURRENT LIABILITIES

731,577

732,158

PROVISIONS FOR LIABILITIES

(22,136

)

(21,791

)

NET ASSETS

709,441

710,367

CAPITAL AND RESERVES

Called up share capital

8

100

100

Fair value reserve

9

189,278

189,278

Retained earnings

9

520,063

520,989

SHAREHOLDERS' FUNDS

709,441

710,367

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2024 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:

(a)	ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and

(b)

preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 29 September 2025 and were signed on its behalf by:

Mr A R Hams - Director

1.	STATUTORY INFORMATION

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

2.	ACCOUNTING POLICIES

Basis of preparing the financial statements

These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention as modified by the revaluation of certain assets.

Turnover

Turnover represents net invoiced sales of services, excluding value added tax.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Plant and machinery etc

-

20% on reducing balance

Investment properties

Investment property is shown at fair value. Any aggregate surplus or deficit arising from the changes in fair value is recognised in the fair value reserve.

Stocks

Work in progress is valued at the lower of cost and net realisable value.

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

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.

Pension costs and other post-retirement benefits

The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was NIL (2023 - 3 ).

4.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1 January 2024

and 31 December 2024

29,462

DEPRECIATION

At 1 January 2024

11,844

Charge for year

4,783

At 31 December 2024

16,627

NET BOOK VALUE

At 31 December 2024

12,835

At 31 December 2023

17,618

5.	INVESTMENT PROPERTY

Total

£

FAIR VALUE

At 1 January 2024

and 31 December 2024

350,000

NET BOOK VALUE

At 31 December 2024

350,000

At 31 December 2023

350,000

The fair value of the investment property at 31 December 2024 has been arrived at on the basis of a valuation carried out at that date by the directors of the company.

The historic cost of the investment property was £157,363 (2023 - £157,363).

Fair value at 31 December 2024 is represented by:

£

Valuation in 2024

350,000

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023

£

£

Other debtors

2,091

3,974

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023

£

£

Taxation and social security

5,698

431

Other creditors

75,404

67,683

81,102

68,114

8.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2024

2023

value:

£

£

51

Ordinary 'A'

£1

51

51

5

Ordinary 'B'

£1

5

5

11

Ordinary 'C'

£1

11

11

11

Ordinary 'D'

£1

11

11

11

Ordinary 'E'

£1

11

11

11

Ordinary 'F'

£1

11

11

100

100

9.

RESERVES

Fair

Retained

value

earnings

reserve

Totals

£

£

£

At 1 January 2024

520,989

189,278

710,267

Profit for the year

4,774

-

4,774

Dividends

(5,700

)

-

(5,700

)

At 31 December 2024

520,063

189,278

709,341

10.	ULTIMATE CONTROLLING PARTY

The controlling party is Mr A R Hams.