Company No: 13491176 (England and Wales)

Contents

• Balance Sheet
• Notes to the Financial Statements

	Note	2025		2024
		£		£
Current assets
Stocks		4,962,704		10,038,556
Debtors	3	1,144,949		210,086
Cash at bank and in hand		252,571		56,441
		6,360,224		10,305,083
Creditors: amounts falling due within one year	4	( 8,938,226)		( 12,126,851)
Net current liabilities		(2,578,002)		(1,821,768)
Total assets less current liabilities		(2,578,002)		(1,821,768)
Net liabilities		( 2,578,002)		( 1,821,768)
Capital and reserves
Called-up share capital	5	100		100
Profit and loss account		( 2,578,102 )		( 1,821,868 )
Total shareholders' deficit		( 2,578,002)		( 1,821,768)

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 financial statements for the financial year in accordance with section 476;
• The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements; and
• These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime and a copy of the Profit and Loss Account has not been delivered.

The financial statements of Earlsgate Hampshire Limited (registered number: 13491176) were approved and authorised for issue by the Board of Directors on 06 June 2025. They were signed on its behalf by:

Mr N D Parker Director

1. Accounting policies

The principal accounting policies are summarised below. They have all been applied consistently throughout the financial year and to the preceding financial year, unless otherwise stated.

General information and basis of accounting

Earlsgate Hampshire Limited (the Company) is a private company, limited by shares, incorporated in the United Kingdom under the Companies Act 2006 and is registered in England and Wales. The address of the Company's registered office is The Estate Office Wield Park, Upper Wield, Nr Alresford, SO24 9FX, United Kingdom.

The financial statements have been prepared under the historical cost convention, modified to include certain items at fair value, and in accordance with Section 1A of Financial Reporting Standard 102 (FRS 102) ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland’ issued by the Financial Reporting Council and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.

The financial statements are presented in pounds sterling which is the functional currency of the Company and rounded to the nearest £.

Going concern

The financial statements have been prepared on a going concern basis. The company is and will continue to be supported by the directors and a loan from Northwood Ltd of which a market rate of interest is charged.

Turnover

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

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.

Impairment of assets

Assets, other than those measured at fair value, are assessed for indicators of impairment at each Balance Sheet date. If there is objective evidence of impairment, an impairment loss is recognised in the Profit and Loss Account as described below.

Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first-in, first-out (FIFO) method.

The cost of finished goods and work in progress comprises direct materials and, where applicable, direct labour costs and those overheads that have been incurred in bringing the stocks to their present location and condition. At each reporting date, stocks are assessed for impairment. If stocks are impaired, the carrying amount is reduced to its selling price less costs to complete and sell; the
impairment loss is recognised immediately in profit or loss.

Financial instruments

Classification
The company holds the following financial instruments:
• Short term trade and other debtors and creditors;
• amounts owed to group; and
• Cash and bank balances.
All financial instruments are classified as basic.

Recognition and measurement
The company has chosen to apply the recognition and measurement principles in FRS102.
Financial instruments are recognised when the company becomes party to the contractual provisions of the instrument and derecognised when in the case of assets, the contractual rights to cash flows from the assets expire or substantially all the risks and rewards of ownership are transferred to another party, or in the case of liabilities, when the company’s obligations are discharged, expire or are cancelled.
Except for bank loans, such instruments are initially measured at transaction price, including transaction costs, and are subsequently carried at the undiscounted amount of the cash or other consideration expected to be paid or received, after taking account of impairment adjustments.
Bank loans are initially measured at transaction price, including transaction costs, and are subsequently carried at amortised cost using the effective interest method.

Defined contribution pension obligation

A defined contribution plan is a pension plan under which fixed contributions are paid into a pension fund and the company has no legal or constructive obligation to pay further contributions even if the fund does not hold sufficient assets to pay all employees the benefits relating to employee service in the current and prior periods.

Contributions to defined contribution plans are recognised as employee benefit expense when they are due. If contribution payments exceed the contribution due for service, the excess is recognised as a prepayment.

2. Employees

	2025		2024
	Number		Number
Monthly average number of persons employed by the Company during the year, including directors	6		6

3. Debtors

	2025		2024
	£		£
Trade debtors	24,960		98,323
Other debtors	1,119,989		111,763
	1,144,949		210,086

4. Creditors: amounts falling due within one year

	2025		2024
	£		£
Bank loans	2,832,798		4,044,344
Trade creditors	289,107		167,041
Accruals	10,881		144,620
Other creditors	5,805,440		7,770,846
	8,938,226		12,126,851

Creditors include bank loans and overdrafts and net obligations under finance lease and hire purchase contracts which are secured of £2,832,798 (2024 - £4,044,344).

5. Called-up share capital

	2025		2024
	£		£
Allotted, called-up and fully-paid
37 A ordinary shares of £ 1.00 each	37		37
23 B ordinary shares of £ 1.00 each	23		23
24 C ordinary shares of £ 1.00 each	24		24
8 D ordinary shares of £ 1.00 each	8		8
8 E ordinary shares of £ 1.00 each	8		8
	100		100