Hampton Hick Ltd - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 12028289 (England and Wales)

Hampton Hick Ltd

Unaudited Financial Statements for the Year Ended 31 March 2022

Page

Company Information

1

Statement of Financial Position

2

Notes to the Financial Statements

4

DIRECTOR:

Mrs D K Basi

REGISTERED OFFICE:

5 London Road

Rainham

Kent

ME8 7RG

BUSINESS ADDRESS:

Clijon Farm

Whitehill Road

Meopham

Kent

DA13 0NY

REGISTERED NUMBER:

12028289 (England and Wales)

ACCOUNTANTS:

Aggarwal & Co Limited

Chartered Accountants

5 London Road

Rainham

Gillingham

Kent

ME8 7RG

CURRENT ASSETS

Inventories

1,439,451

1,359,017

Debtors

4

4,063

12,651

Cash at bank

26,119

3,372

1,469,633

1,375,040

CREDITORS

Amounts falling due within one year

5

1,514,915

907,343

NET CURRENT (LIABILITIES)/ASSETS

(45,282

)

467,697

TOTAL ASSETS LESS CURRENT LIABILITIES

(45,282

)

467,697

CREDITORS

Amounts falling due after more than one year

6

-

510,000

NET LIABILITIES

(45,282

)

(42,303

)

CAPITAL AND RESERVES

Called up share capital

100

100

Retained earnings

(45,382

)

(42,403

)

(45,282

)

(42,303

)

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2022.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2022 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges her 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 16 May 2022 and were signed by:

Mrs D K Basi - Director

1.	STATUTORY INFORMATION

Hampton Hick Ltd 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.

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

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.

Inventories

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

In respect of work in progress and finished goods, cost includes an appropriate proportion of attributable overheads according to the stage of manufacture/completion.

Financial instruments

The Company enters into basic financial instruments that result in the recognition of financial assets and liabilities like trade and other accounts receivable and payable, loans from banks and other third parties and loans to related parties.

Basic financial instruments are recognised at amortised cost.

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 statement of financial position date.

Going concern

At the year end the company had net liabilities of £45,282. Included within creditors is an amount of £1,505,189 owed to the holding company, Basi Developments Limited.

The company is dependent on the financial support of Basi Developments Limited, who have continued to provide this support since the year end. On this basis, the director considers it appropriate to prepare the financial statements on the going concern basis.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was NIL (2021 - NIL).

4.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2022

2021

£

£

Other debtors

4,063

12,651

5.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2022

2021

£

£

Trade creditors

8,976

19,879

Amounts owed to group undertakings

1,505,189

-

Other creditors

750

887,464

1,514,915

907,343

6.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2022

2021

£

£

Bank loans

-

510,000

Amounts falling due in more than five years:

Repayable by instalments

Bank loans more 5 yr by instal

-

510,000

7.	RELATED PARTY DISCLOSURES

Included in other creditors are amounts due to:

Basi Developments Limited - parent company - £1,505,189.

8.	ULTIMATE CONTROLLING PARTY

The parent undertaking is Basi Developments Limited registered at 5 London Road, Rainham, Gillingham, Kent, ME8 7R.