Hampton House Properties Limited

Contents

Statement of Financial Position	1
Notes to the Unaudited Financial Statements	2 to 8

Hampton House Properties Limited

(Registration number: 02495097)
Statement of Financial Position as at 31 March 2025

	Note	2025 £	2024 £
Fixed assets
Tangible assets	4	5,707,622	5,829,575
Other financial assets	5	54,801	54,801
		5,762,423	5,884,376
Current assets
Debtors	6	28,906	40,505
Cash at bank and in hand		82,360	93,394
		111,266	133,899
Creditors: Amounts falling due within one year	7	(286,208)	(360,618)
Net current liabilities		(174,942)	(226,719)
Total assets less current liabilities		5,587,481	5,657,657
Creditors: Amounts falling due after more than one year	7	(3,777,258)	(3,851,647)
Net assets		1,810,223	1,806,010
Capital and reserves
Called up share capital		40,000	40,000
Profit and loss account		1,770,223	1,766,010
Shareholders' funds		1,810,223	1,806,010

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 his 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 Statement of Comprehensive Income.

Approved and authorised by the director on 29 December 2025
 

Mr Richard Thomas Director

Hampton House Properties Limited

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.

The address of its registered office is:
25 Southernhay East
Exeter
Devon
EX1 1QP

Principal activity

The principal activity of the company is ownership, letting and management investment property.

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.

The financial statements are prepared in sterling which is the functional currency of the entity.

Going concern

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

Hampton House Properties Limited

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

2	Accounting policies (continued)

Judgements and key sources of estimation uncertainty

The preparation of the financial statements requires management to make judgements, estimates and assumptions that affect the amounts reported. These estimates and judgements are continually reviewed and are based on experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances.

Accounting estimates and assumptions are made concerning the future and, by their nature, will rarely equal the related actual outcome.

Revenue recognition

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.

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 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.

Tangible assets

Tangible assets are stated in the statement of financial position 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
Fixtures, fittings and equipment	25% straight line

Impairment

A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date.

Investment property

Investment property is carried at fair value, derived from the annual valuation reviews by the director. Changes in fair value are recognised in profit or loss.

Hampton House Properties Limited

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

2	Accounting policies (continued)

Cash and cash equivalents

Cash and cash equivalents comprise cash at bank and in hand, demand deposits with banks, 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. In the statement of financial position, bank overdrafts are shown within borrowing or current liabilities

Borrowings

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 statement of comprehensive income 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.

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.

Financial instruments

Recognition and measurement
A financial asset or a financial liability is recognised only when the company becomes party to the contractual provisions of the instrument.

Basic financial instruments are initially recognised at the transaction price, unless the arrangement constitutes a financing transaction, where it is recognised at the present value of the future payments discounted at a market rate of interest for a similar debt instrument.

3	Staff numbers

The average number of persons employed by the company (including the director) during the year, was 2 (2024 - 2).

Hampton House Properties Limited

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

4	Tangible assets

	Land and buildings £	Fixtures and fittings £	Total £
Cost or valuation
At 1 April 2024	5,815,657	53,604	5,869,261
Revaluations	(115,000)	-	(115,000)
At 31 March 2025	5,700,657	53,604	5,754,261
Depreciation
At 1 April 2024	-	39,686	39,686
Charge for the year	-	6,953	6,953
At 31 March 2025	-	46,639	46,639
Carrying amount
At 31 March 2025	5,700,657	6,965	5,707,622
At 31 March 2024	5,815,657	13,918	5,829,575

Included within the net book value of land and buildings above is £5,700,657 (2024 - £5,815,657) in respect of investment properties.
 

Revaluation

The fair value of the company's Investment property was revalued on 14 November 2025 by the director based on discussions with professional valuers.
Had this class of asset been measured on a historical cost basis, the carrying amount would have been £5,331,827 (2024 - £5,331,827).

Hampton House Properties Limited

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

5	Other financial assets (current and non-current)

	Financial assets at cost less impairment £	Total £
Non-current financial assets
Cost or valuation
At 1 April 2024	54,801	54,801
At 31 March 2025	54,801	54,801
Impairment
Carrying amount
At 31 March 2025	54,801	54,801

6

Debtors

	2025 £	2024 £
Trade debtors	24,921	17,057
Other debtors	3,985	23,448
	28,906	40,505

Hampton House Properties Limited

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

7

Creditors

Creditors: amounts falling due within one year

	Note	2025 £	2024 £
Due within one year
Loans and borrowings	9	52,601	32,601
Trade creditors		82,526	94,426
Taxation and social security		26,257	10,298
Accruals and deferred income		72,000	176,749
Other creditors		52,824	46,544
		286,208	360,618

Creditors: amounts falling due after more than one year

	Note	2025 £	2024 £
Due after one year
Loans and borrowings	9	3,777,258	3,851,647

	2025 £	2024 £
Due after more than five years
After more than five years by instalments	315,254	319,689
After more than five years not by instalments	-	1,080,000
	315,254	1,399,689