Hamilton Cars Ltd

(Registration number: 08766844)
Balance Sheet as at 30 November 2025

	Note	2025 £	2024 £
Fixed assets
Intangible assets	4	17,700	-
Tangible assets	5	102,942	756
		120,642	756
Current assets
Stocks	6	132,573	59,838
Debtors	7	108,229	48,993
Cash at bank and in hand		7,046	18,633
		247,848	127,464
Creditors: Amounts falling due within one year	8	(352,612)	(76,977)
Net current (liabilities)/assets		(104,764)	50,487
Total assets less current liabilities		15,878	51,243
Creditors: Amounts falling due after more than one year	8	(14,049)	(51,342)
Provisions for liabilities		(9,074)	(144)
Net liabilities		(7,245)	(243)
Capital and reserves
Called up share capital	9	1	1
Retained earnings		(7,246)	(244)
Shareholders' deficit		(7,245)	(243)

For the financial year ending 30 November 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 accounts for the year in question in accordance with section 476; and
•	The directors acknowledge their 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.

Hamilton Cars Ltd

(Registration number: 08766844)
Balance Sheet as at 30 November 2025

Approved and authorised by the Board on 28 July 2026 and signed on its behalf by:
 

.......................................................

Mr A P Hamilton
Director

Hamilton Cars Ltd

Notes to the Unaudited Financial Statements for the Year Ended 30 November 2025

1	General information

The company is a private company limited by share capital, incorporated in England and Wales.

The address of its registered office is:
21 Pagewood Close
Maidenbower
Crawley
West Sussex
RH10 7ZL

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.

The presentational currency is sterling.

Going concern

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

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 sales/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.

Hamilton Cars Ltd

Notes to the Unaudited Financial Statements for the Year Ended 30 November 2025

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

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 statement of financial position at cost, less any subsequent accumulated depreciation.

Depreciation

Depreciation is charged so as to write off the cost of assets over their estimated useful lives, as follows:

Asset class	Depreciation method and rate
Short leasehold land and buildings	5% straight line basis
Computer and office equipment	25% straight line basis
Motor vehicles	20% reducing balance basis

Intangible assets

Other intangible assets is a franchise fee which is stated in the statement of financial position at cost, less any subsequent accumulated amortisation.

Amortisation

Amortisation is provided on intangible assets so as to write off the cost, less any estimated residual value, over their useful life as follows:

Asset class	Amortisation method and rate
Other intangible assets	10% straight line basis

Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell.

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.

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 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.

Hamilton Cars Ltd

Notes to the Unaudited Financial Statements for the Year Ended 30 November 2025

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.

3	Staff numbers

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

4	Intangible assets

	Other intangible assets  £	Total £
Cost or valuation
Additions	18,000	18,000
At 30 November 2025	18,000	18,000
Amortisation
Amortisation charge	300	300
At 30 November 2025	300	300
Carrying amount
At 30 November 2025	17,700	17,700

Hamilton Cars Ltd

Notes to the Unaudited Financial Statements for the Year Ended 30 November 2025

5	Tangible assets

	Short leasehold land and buildings £	Computer and office equipment £	Motor vehicles  £	Total £
Cost or valuation
At 1 December 2024	-	6,621	-	6,621
Additions	3,253	2,497	99,864	105,614
Disposals	-	(1,269)	-	(1,269)
At 30 November 2025	3,253	7,849	99,864	110,966
Depreciation
At 1 December 2024	-	5,865	-	5,865
Charge for the year	27	376	3,025	3,428
Eliminated on disposal	-	(1,269)	-	(1,269)
At 30 November 2025	27	4,972	3,025	8,024
Carrying amount
At 30 November 2025	3,226	2,877	96,839	102,942
At 30 November 2024	-	756	-	756

6

Stocks

	2025 £	2024 £
Vehicle stock	132,573	59,838

7

Debtors

Current	2025 £	2024 £
Prepayments	87,569	7,296
Other debtors	20,660	41,697
	108,229	48,993

Hamilton Cars Ltd

Notes to the Unaudited Financial Statements for the Year Ended 30 November 2025

8

Creditors

Creditors: amounts falling due within one year

	Note	2025 £	2024 £
Due within one year
Loans and borrowings	10	48,293	49,255
Trade creditors		74,038	3,803
Taxation and social security		302	4,148
Accruals and deferred income		145,227	17,679
Other creditors		84,752	2,092
		352,612	76,977

Creditors: amounts falling due after more than one year

	Note	2025 £	2024 £
Due after one year
Loans and borrowings	10	14,049	51,342

9	Share capital

Allotted, called up and fully paid shares

	2025		2024
	No.	£	No.	£
Ordinary shares of £1 each	1	1	1	1

10	Loans and borrowings

Current loans and borrowings

	2025 £	2024 £
Other borrowings	48,293	49,255

Non-current loans and borrowings

	2025 £	2024 £
Other borrowings	14,049	51,342

Hamilton Cars Ltd

Notes to the Unaudited Financial Statements for the Year Ended 30 November 2025

11	Related party transactions

Directors advances, credits and guarantees

During the year ended 30 November 2025 the company advanced unsecured loans amounting to £16,640 (2024 - £20,903) to the director of the company. The interest rate on the loans was 2.25% (2024 - 2.25%) and had no fixed repayment date. The company received repayments of £40,262 (2024 - £3,288).