REGISTERED NUMBER: 09873746 (England and Wales)

Unaudited Financial Statements for the Year Ended 28 February 2025

for

THE HAMPSHIRE RENOVATION COMPANY LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

D Ilsley

Mrs H R Ilsley

REGISTERED OFFICE:

Charwell House

Wilsom Road

Alton

Hampshire

GU34 2PP

REGISTERED NUMBER:

09873746 (England and Wales)

ACCOUNTANTS:

B20 Limited

Chartered Certified Accountants

Charwell House

Wilsom Road

Alton

Hampshire

GU34 2PP

FIXED ASSETS

Intangible assets

4

-

-

Tangible assets

5

43,520

47,687

43,520

47,687

CURRENT ASSETS

Stocks

3,890

3,985

Debtors

6

26,677

28,502

Cash at bank

46,741

105,844

77,308

138,331

CREDITORS

Amounts falling due within one year

7

(93,249

)

(133,963

)

NET CURRENT (LIABILITIES)/ASSETS

(15,941

)

4,368

TOTAL ASSETS LESS CURRENT LIABILITIES

27,579

52,055

CREDITORS

Amounts falling due after more than one year

8

(43,808

)

(38,500

)

NET (LIABILITIES)/ASSETS

(16,229

)

13,555

CAPITAL AND RESERVES

Called up share capital

100

100

Retained earnings

(16,329

)

13,455

(16,229

)

13,555

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 28 February 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 28 February 2025 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 21 October 2025 and were signed on its behalf by:

D Ilsley - Director

1.	STATUTORY INFORMATION

THE HAMPSHIRE RENOVATION COMPANY 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.

Turnover

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, stated net of discount and sales taxes.

The company recognises revenue when the amount of revenue can be reliably measured and it is probable that future economic benefits will flow to the entity.

Goodwill

Goodwill, being the amount paid in connection with the acquisition of a business in 2015, is being amortised evenly over its estimated useful life of five years.

Intangible assets

Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

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

-

25% on reducing balance

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.

Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

At each reporting date stocks are assessed for impairment.

Financial instruments

The company only enters into basic financial instruments that result in the recognition of financial assets and liabilities like trade and other accounts receivable and payable and loans from banks and to and from related parties

Financial assets are assessed at the end of each reporting period for objective evidence of impairment. If evidence of impairment is found an impairment loss is recognised in the profit and loss account.

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.

Hire purchase and leasing commitments

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Leases in which substantially all the risks and rewards of ownership are retained by the lessor are classified as operating leases.

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 (2024 - 9 ).

4.	INTANGIBLE FIXED ASSETS

Goodwill

£

COST

At 1 March 2024

and 28 February 2025

6,000

AMORTISATION

At 1 March 2024

and 28 February 2025

6,000

NET BOOK VALUE

At 28 February 2025

-

At 29 February 2024

-

5.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1 March 2024

136,300

Additions

35,690

Disposals

(78,323

)

At 28 February 2025

93,667

DEPRECIATION

At 1 March 2024

88,613

Charge for year

14,506

Eliminated on disposal

(52,972

)

At 28 February 2025

50,147

NET BOOK VALUE

At 28 February 2025

43,520

At 29 February 2024

47,687

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

28.2.25

29.2.24

£

£

Trade debtors

26,677

28,502

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

28.2.25

29.2.24

£

£

Hire purchase contracts

16,189

15,592

Trade creditors

26,641

30,086

Taxation and social security

48,817

88,182

Other creditors

1,602

103

93,249

133,963

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

28.2.25

29.2.24

£

£

Bank loans

8,373

14,469

Hire purchase contracts

35,435

24,031

43,808

38,500