Registration number: 10669355

Hampshire Broadband Limited

trading as Hampshire Community Broadband

Contents

Company Information	1
Balance Sheet	2 to 3
Notes to the Unaudited Financial Statements	4 to 8

Hampshire Broadband Limited

trading as Hampshire Community Broadband

Company Information

Directors

Mr M G Slatford Mr T J Forsyth Mr C G Radford

Company secretary

Mrs G Jenkins

Registered office

5 High Green Great Shelford Cambridge Cambridgeshire CB22 5EG

Accountants

Tayabali & White 5 High Green Great Shelford Cambridge CB22 5EG

Hampshire Broadband Limited

trading as Hampshire Community Broadband

(Registration number: 10669355)
Balance Sheet as at 31 March 2025

	Note	2025 £	2024 £
Fixed assets
Intangible assets	4	7,168	10,752
Tangible assets	5	846,511	686,743
		853,679	697,495
Current assets
Debtors	6	1,824	10,429
Cash at bank and in hand		153,795	65,366
		155,619	75,795
Creditors: Amounts falling due within one year	7	(52,124)	(28,578)
Net current assets		103,495	47,217
Net assets		957,174	744,712
Capital and reserves
Called up share capital	8	162,071	162,071
Share premium reserve		5,850	5,850
Retained earnings		789,253	576,791
Shareholders' funds		957,174	744,712

For the financial year ending 31 March 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

•	The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and
•	The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the directors have not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the Board on 30 September 2025 and signed on its behalf by:
 

Hampshire Broadband Limited

trading as Hampshire Community Broadband

(Registration number: 10669355)
Balance Sheet as at 31 March 2025

......................................... Mr M G Slatford Director

Hampshire Broadband Limited

trading as Hampshire Community Broadband

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2025

1	General information

The company is a private company limited by share capital, incorporated in England & Wales.

The company's registered number is 10669355.

The address of its registered office is:
5 High Green
Great Shelford
Cambridge
Cambridgeshire
CB22 5EG
United Kingdom

These financial statements were authorised for issue by the Board on 30 September 2025.

2	Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

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.

Hampshire Broadband Limited

trading as Hampshire Community Broadband

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2025

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class	Depreciation method and rate
Network Infrastructure Costs	4% per annum on a monthly basis from the date of purchase

Goodwill

Goodwill, being the amount paid in connection with the acquisition of a customer list in 2022, is being amortised evenly over its estimated useful life of five years.

Amortisation

Amortisation is provided on intangible assets so as to write off the cost, less any estimated residual value, over their useful life as follows:

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Trade debtors

Trade debtors are amounts due from customers for services performed in the ordinary course of business.

Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

Hampshire Broadband Limited

trading as Hampshire Community Broadband

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2025

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

3	Staff numbers

The average number of persons employed by the company (including directors) during the year, was 0 (2024 - 0).

Hampshire Broadband Limited

trading as Hampshire Community Broadband

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2025

4	Intangible assets

	Goodwill  £	Total £
Cost or valuation
At 1 April 2024	17,920	17,920
At 31 March 2025	17,920	17,920
Amortisation
At 1 April 2024	7,168	7,168
Amortisation charge	3,584	3,584
At 31 March 2025	10,752	10,752
Carrying amount
At 31 March 2025	7,168	7,168
At 31 March 2024	10,752	10,752

5	Tangible assets

	Network Infrastructure £	Total £
Cost or valuation
At 1 April 2024	816,922	816,922
Additions	195,924	195,924
At 31 March 2025	1,012,846	1,012,846
Depreciation
At 1 April 2024	130,179	130,179
Charge for the year	36,156	36,156
At 31 March 2025	166,335	166,335
Carrying amount
At 31 March 2025	846,511	846,511
At 31 March 2024	686,743	686,743

Hampshire Broadband Limited

trading as Hampshire Community Broadband

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2025

6

Debtors

Current	2025 £	2024 £
Trade debtors	1,824	784
Prepayments	-	300
Other debtors	-	9,345
	1,824	10,429

7

Creditors

Creditors: amounts falling due within one year

	2025 £	2024 £
Due within one year
Trade creditors	3,158	19,027
Taxation and social security	7,340	8,676
Accruals and deferred income	41,625	875
Other creditors	1	-
	52,124	28,578

8	Share capital

Allotted, called up and fully paid shares

	2025		2024
	No.	£	No.	£
Ordinary of £1 each	162,071	162,071	162,071	162,071