REGISTERED NUMBER: 05377892 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 28TH FEBRUARY 2025

FOR

NEW HAMPSHIRE CORPORATE LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTOR:

Mr T Pearce

REGISTERED OFFICE:

13 Hursley Road

Chandler's Ford

Eastleigh

Hampshire

SO53 2FW

REGISTERED NUMBER:

05377892 (England and Wales)

ACCOUNTANTS:

Underwood Barron LLP

Monks Brook House

13 - 17 Hursley Road

Chandlers Ford

Eastleigh

Hampshire

SO53 2FW

FIXED ASSETS

Tangible assets

4

1,532

2,042

CURRENT ASSETS

Stocks

-

533

Debtors

5

82,315

79,565

Cash at bank

27,758

5,523

110,073

85,621

CREDITORS

Amounts falling due within one year

6

94,251

56,234

NET CURRENT ASSETS

15,822

29,387

TOTAL ASSETS LESS CURRENT LIABILITIES

17,354

31,429

CREDITORS

Amounts falling due after more than one year

7

16,681

30,780

NET ASSETS

673

649

CAPITAL AND RESERVES

Called up share capital

100

100

Retained earnings

573

549

673

649

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 28th February 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 28th February 2025 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for:

(a)	ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and

(b)

preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

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

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 27th November 2025 and were signed by:

Mr T Pearce - Director

1.	STATUTORY INFORMATION

New Hampshire Corporate Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2.	ACCOUNTING POLICIES

Basis of preparing the financial statements

These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Plant & machinery - 25% reducing balance

Fixtures & fittings - 25% reducing balance

Computer/Office equipment - 25% reducing balance

Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

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

Pension costs and other post-retirement benefits

The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 4 (2024 - 4 ) .

4.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1st March 2024

and 28th February 2025

21,037

DEPRECIATION

At 1st March 2024

18,995

Charge for year

510

At 28th February 2025

19,505

NET BOOK VALUE

At 28th February 2025

1,532

At 29th February 2024

2,042

5.

DEBTORS

28.2.25

29.2.24

£

£

Amounts falling due within one year:

Trade debtors

41,204

36,803

Other debtors

31,456

33,107

72,660

69,910

Amounts falling due after more than one year:

Other debtors

9,655

9,655

Aggregate amounts

82,315

79,565

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

28.2.25

29.2.24

£

£

Bank loans and overdrafts (see note 8)

14,101

13,139

Trade creditors

52,098

20,359

Taxation and social security

25,821

22,554

Other creditors

2,231

182

94,251

56,234

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

28.2.25

29.2.24

£

£

Bank loans (see note 8)

16,681

30,780

8.

LOANS

An analysis of the maturity of loans is given below:

28.2.25

29.2.24

£

£

Amounts falling due within one year or on demand:

Bank loans

14,101

13,139

Amounts falling due between one and two years:

Bank loans - 1-2 years

6,485

-

Amounts falling due between two and five years:

Bank loans - 2-5 years

10,196

30,780

Bank borrowings

Barclays is denominated in £ with a nominal interest rate of 2.5%, and the final instalment is due on 20 May

2026. The carrying amount at year end is £12,503 (2024 - £22,502).

The government has guaranteed the loan, and paid the interest for the first twelve months.

Funding Circle is denominated in £ with a nominal interest rate of 16.9%, and the final instalment is due on 4

January 2030. The carrying amount at year end is £18,279 (2024 - £21,417).

9.	DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 28th February 2025 and 29th February 2024:

28.2.25

29.2.24

£

£

Mr T Pearce

Balance outstanding at start of year

28,608

11,022

Amounts advanced

30,161

32,875

Amounts repaid

(31,813

)

(15,289

)

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

26,956

28,608

The company has approved a loan to T Pearce to assist in meeting personal expenses. The terms of the loan is that it can be drawn down upon at any time and is repayable on demand. Interest is chargeable at the official rate on balances exceeding £10,000. An amount of £877 (2024 - £0) has been charged as interest for the year.

10.	ULTIMATE CONTROLLING PARTY

The ultimate controlling party is Mr T Pearce.