Hambleside Merchandise Limited

	Page
Balance Sheet	1
Notes to the Financial Statements	2—3

Registered number: 04933881

		2024		2023
	Notes	£	£	£	£
FIXED ASSETS
Tangible Assets	4		25,142		31,428

			25,142		31,428
CURRENT ASSETS
Stocks	5	12,233		13,780
Debtors	6	117,982		143,043
Cash at bank and in hand		121,488		126,840

		251,703		283,663
Creditors: Amounts Falling Due Within One Year	7	(230,730 )		(219,490 )

NET CURRENT ASSETS (LIABILITIES)			20,973		64,173

TOTAL ASSETS LESS CURRENT LIABILITIES			46,115		95,601

Creditors: Amounts Falling Due After More Than One Year	8		(142,974 )		(168,969 )

NET LIABILITIES			(96,859 )		(73,368 )

CAPITAL AND RESERVES
Called up share capital	9		15,000		15,000
Profit and Loss Account			(111,859 )		(88,368 )

SHAREHOLDERS' FUNDS			(96,859)		(73,368)

For the year ending 31 December 2024 the company was entitled to exemption from audit 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 directors acknowledge 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 and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.

On behalf of the board

Mrs S Munday

Director

29 July 2025

The notes on pages 2 to 3 form part of these financial statements.

1. General Information

Hambleside Merchandise Limited is a private company, limited by shares, incorporated in England & Wales, registered number 04933881 . The registered office is 3 Lancer House, Hussar Court, Westside View, Waterlooville, PO7 7SE.

2. Accounting Policies

2.1. Basis of Preparation of Financial Statements

The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.

2.2. 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 is reduced for estimated customer returns, rebates and other similar allowances.

Sale of goods

Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.

Rendering of services

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. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.

2.3. Tangible Fixed Assets and Depreciation

Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:

Plant & Machinery

20% Reducing Balance

2.4. Stocks and Work in Progress

Stocks and work in progress are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow-moving stocks. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads. Work-in-progress is reflected in the accounts on a contract by contract basis by recording turnover and related costs as contract activity progresses.

3. Average Number of Employees

Average number of employees, including directors, during the year was: 3 (2023: 3)

4. Tangible Assets

	Plant & Machinery
	£
Cost
As at 1 January 2024	88,102

As at 31 December 2024	88,102

Depreciation
As at 1 January 2024	56,674
Provided during the period	6,286

As at 31 December 2024	62,960

Net Book Value
As at 31 December 2024	25,142

As at 1 January 2024	31,428

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Hambleside Merchandise Limited

Notes to the Financial Statements (continued)

For The Year Ended 31 December 2024

5. Stocks

	2024	2023
	£	£
Stock	12,233	13,780

6. Debtors

	2024	2023
	£	£
Due within one year
Trade debtors	107,288	134,125
Other debtors	10,694	8,918

	117,982	143,043

7. Creditors: Amounts Falling Due Within One Year

	2024	2023
	£	£
Trade creditors	158,033	132,782
Bank loans and overdrafts	25,995	25,995
Amounts owed to group undertakings	576	1,325
Other creditors	31,379	40,791
Taxation and social security	14,747	18,597

	230,730	219,490

8. Creditors: Amounts Falling Due After More Than One Year

	2024	2023
	£	£
Bank loans	142,974	168,969

9. Share Capital

	2024	2023
	£	£
Allotted, Called up and fully paid	15,000	15,000

10. Ultimate Controlling Party

Merch Bubble Ltd is the parent company of Hambleside Merchandise Limited, with 100% share holding. It is a company registered in England and Wales. Company number 11794779.

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