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

The member has not required the company to obtain an audit of its financial statements for the year in question 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.

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

Hamilton Bradshaw Limited is a private company limited by shares incorporated in England and Wales. The registered office is 60 Grosvenor Street, London, England, W1K 3HZ.

These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. The disclosure requirements of section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The financial statements are prepared in sterling, which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest £.

The financial statements have been prepared under the historical cost convention. The principal accounting policies adopted are set out below.

The financial statements have been prepared on a going concern basis. true

The directors have considered the company’s financial position, including its negative reserves and cash flow requirements, and are satisfied that the shareholders have confirmed their intention to continue to provide financial support for at least twelve months from the date of approval of these financial statements.

On this basis, the directors consider it appropriate to prepare the financial statements on a going concern basis.

Turnover represents fees for advisory services at invoiced amounts less value added tax. Turnover is recognised as earned. Activity performance in excess of invoices raised is included within accrued income on contracts. Where amounts have been invoiced in excess of work performed, the excess is included within deferred income.

Other income

Interest and rental income is recognised as earned. Other income relates to profit share recognised in accordance with the underlying Limited Liability Partnership agreement from the entities which an interest is held in.

Government grants

Grants are accounted for under the accruals model as permitted by FRS102. Grants of a revenue nature are recognised in ‘Other Income’ within the financial statements in the same period as the related expenditure.

Depreciation is provided to write off the cost or valuation, less estimated residual values, of all tangible fixed assets, except freehold land, evenly over their expected useful lives. It is calculated at the following rates:

The profit or loss on the disposal of a tangible fixed asset is accounted for in the profit and loss account of the period in which the disposal occurs as the difference between the net sale proceeds and the carrying amount, whether carried at historical cost (less any provisions made) or at a valuation.

The company’s cash at bank and in hand and trade and other debtors are measured initially at the transaction price, including transaction costs, and subsequently at amortised cost using the effective interest method.

Investments in unlisted company shares (financial asset) are carried in the statement of financial position at fair value with changes in fair value recognised in profit or loss if their fair value can be measured reliably. Otherwise they are carried at cost less impairment.

The company’s trade and other creditors and bank overdrafts are measured initially at the transaction price, including transaction costs, and subsequently at amortised cost using the effective interest method. Financial liabilities and equity are classified according to the substance of the financial instrument's contractual obligations, rather than the financial instrument's legal form.

Equity instruments issued by the company are recorded at the proceeds received, net of transaction costs. Dividends payable on equity instruments are recognised as liabilities once they are no longer at the discretion of the company.

The tax expense represents the sum of the tax currently payable and deferred tax.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date.

Deferred tax balances are recognised in respect of all timing differences that have originated but not reversed by the balance sheet date except that the recognition of deferred tax assets is limited to the extent that the company anticipates to make sufficient taxable profits in the future to absorb the reversal of the underlying timing differences.

Deferred tax balances are not discounted.

The company makes estimates of provisions which are reviewed on an annual basis. Provisions are recognised when the company has a present obligation as a result of a past event, it is probable that the company will be required to settle the obligation, and a reliable estimate can be made of the amount of the obligation. The amount recognised as a provision is the best estimate of the consideration required to settle the present obligation at the end of the reporting period, considering the risks and uncertainties surrounding the obligation.

Payments to defined contribution retirement benefit schemes are charged as an expense as they fall due.

All leases are treated as operating leases. Their annual rentals are charged to the profit and loss account on a straight-line basis over the term of the lease.

Transactions in currencies other than pounds sterling are recorded at the rates of exchange prevailing at the dates of the transactions. At each reporting end date, monetary assets and liabilities that are denominated in foreign currencies are retranslated at the rates prevailing on the reporting end date. Gains and losses arising on translation in the period are included in profit or loss.

In the application of the company's accounting policies, which are described above, the directors are required to make judgements, estimates and assumptions about the amounts of revenue and expenses incurred during the period. The estimates and associated assumptions are based on historical experience and other factors that are considered to be relevant. In preparing these financial statements, the directors have had to make the following judgements:

Valuation of trade debtors and accrued income

The company's policy on recognising an impairment of the trade receivables and accrued income balances is based on a review of individual debtor balances, their ageing and management's assessment of realisation. This review and assessment is conducted on a continuing basis and any material change in management's assessment of trade debtor impairment and accrued income recoverability is reflected in the carrying value of the asset.

The average monthly number of persons (including directors) employed by the company during the year was:

All amounts shown under debtors fall due for payment within one year. There were no impairment losses recognised in the statement of comprehensive income.

The company contributes to employees' defined contribution pension schemes. The assets of the scheme are held separately from those of the company in an independently administered fund. At the balance sheet date, unpaid contributions of £770 (2024 - £688) were due to the fund.

At the reporting end date the company had outstanding commitments for future minimum lease payments under non-cancellable operating leases, as follows:

As at the balance sheet date, the company owed its directors £1,250,000 (2024: £500,000). The loans are interest-free, unsecured and repayable on demand.