Hampden 21 Ltd

(Registration number: 12448334)
Balance Sheet as at 31 March 2025

	Note	2025 £	2024 £
Fixed assets
Tangible assets	4	265	312
Investment property	5	130,000	130,000
		130,265	130,312
Current assets
Debtors	6	13	9
Cash at bank and in hand		2,338	1,964
		2,351	1,973
Creditors: Amounts falling due within one year	7	(25,102)	(27,937)
Net current liabilities		(22,751)	(25,964)
Total assets less current liabilities		107,514	104,348
Creditors: Amounts falling due after more than one year	7	(83,176)	(80,754)
Provisions for liabilities		(3,748)	(3,757)
Net assets		20,590	19,837
Capital and reserves
Called up share capital		10	10
Other reserves		15,762	15,762
Retained earnings		4,818	4,065
Shareholders' funds		20,590	19,837

Hampden 21 Ltd

(Registration number: 12448334)
Balance Sheet as at 31 March 2025

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.

Director's 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 director acknowledges her 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 director has not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the director on 29 December 2025
 

......................................... Miss Alexandra Catherine Marsh Director

Hampden 21 Ltd

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

1	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.

The presentation currency of the financial statements is Pound Sterling (£).

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 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.

Tax

The tax expense for the period comprises current and deferred tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

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 in the countries where the company operates and generates taxable income.

Hampden 21 Ltd

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

1	Accounting policies (continued)

Deferred tax is recognised in respect of all timing differences between taxable profits and profits reported in the financial statements.

Unrelieved tax losses and other deferred tax assets are recognised when it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference.

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
Furniture, fittings and equipment	33% straight line
Other property, plant and equipment	15% reducing balance

Investment property

Investment property is carried at fair value, derived from the current market prices for comparable real estate determined annually by external valuers. The valuers use observable market prices, adjusted if necessary for any difference in the nature, location or condition of the specific asset. Changes in fair value are recognised in profit or loss.

Borrowings

Hampden 21 Ltd

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

1	Accounting policies (continued)

Interest-bearing borrowings are initially recorded at fair value, net of transaction costs. Interest-bearing borrowings are subsequently carried at amortised cost, with the difference between the proceeds, net of transaction costs, and the amount due on redemption being recognised as a charge to the profit and loss account over the period of the relevant borrowing.

Interest expense is recognised on the basis of the effective interest method and is included in interest payable and similar charges.

Borrowings are classified as current liabilities unless the company has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date.

Financial instruments

Classification
Financial instruments are classified and accounted for according to the substance of the contractual arrangement, as either financial assets, liabilities or equity instruments. An equity instruments is any contact that evidences a residual interest in the assets of the company, after deducting all liabilities.
 

2	Staff numbers

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

3	Profit before tax

Arrived at after charging/(crediting)

	2025 £	2024 £
Depreciation expense	46	55

Hampden 21 Ltd

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

4	Tangible assets

	Furniture, fittings and equipment  £	Other property, plant and equipment  £	Total £
Cost or valuation
At 1 April 2024	498	597	1,095
At 31 March 2025	498	597	1,095
Depreciation
At 1 April 2024	498	285	783
Charge for the year	-	47	47
At 31 March 2025	498	332	830
Carrying amount
At 31 March 2025	-	265	265
At 31 March 2024	-	312	312

5	Investment properties

	2025 £
At 1 April	130,000
At 31 March	130,000

Investment properties were valued by the director at fair value on 31 March 2025.

If investment properties had not been revalued, the cost of the investments would be £110,540 (2024: £110,540), deferred tax has been calculated and appropriately accounted for on the revalued amount.

There has been no valuation of investment property by an independent valuer.

Hampden 21 Ltd

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

6

Debtors

Current	2025 £	2024 £
Prepayments	13	9
	13	9

7

Creditors

Creditors: amounts falling due within one year

	2025 £	2024 £
Due within one year
Taxation and social security	186	891
Accruals and deferred income	1,194	1,074
Other creditors	23,722	25,972
	25,102	27,937

Hampden 21 Ltd

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

7	Creditors (continued)

Creditors: amounts falling due after more than one year

	2025 £	2024 £
Due after more than five years
After more than five years not by instalments	83,176	80,754

Borrowings due after five years

A guarantee has been provided to Paragon Bank PLC by the director, for a principle amount of £83,176 plus interest and other costs, in respect of company debts and liabilities to the bank.
A charge dated 23 April 2020 comprising fixed and floating charges in favour of Paragon Bank PLC over the undertaking and all property and assets, present and future, including goodwill, book debts, uncalled capital buildings, fixtures and fixed plant and machinery.

Hampden 21 Ltd

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

8	Loans and borrowings

Non-current loans and borrowings

	2025 £	2024 £
Bank borrowings	83,176	80,754