Hampshire & Regional Limited - Abbreviated accounts 16.3

REGISTERED NUMBER: 08154878 (England and Wales)

HAMPSHIRE & REGIONAL LIMITED

ABBREVIATED UNAUDITED ACCOUNTS

FOR THE YEAR ENDED 31 MARCH 2016

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

3

Chartered Accountants' Report

7

DIRECTORS:

Mr S B Adams

Mr S D H Cufley

Mr A D Gordon

REGISTERED OFFICE:

24 Park Road South

Havant

Hampshire

PO9 1HB

REGISTERED NUMBER:

08154878 (England and Wales)

ACCOUNTANTS:

Rothman Pantall LLP

Chartered Accountants

24 Park Road South

Havant

Hampshire

PO9 1HB

FIXED ASSETS

Tangible assets

2

4,371

1,034

Investments

3

10

7

4,381

1,041

CURRENT ASSETS

Stocks

27,198

-

Debtors

1,500,766

630,603

Cash at bank

1,319,566

13,997

2,847,530

644,600

CREDITORS

Amounts falling due within one year

2,868,607

624,126

NET CURRENT (LIABILITIES)/ASSETS

(21,077

)

20,474

TOTAL ASSETS LESS CURRENT LIABILITIES

(16,696

)

21,515

CAPITAL AND RESERVES

Called up share capital

4

90

90

Profit and loss account

(16,786

)

21,425

SHAREHOLDERS' FUNDS

(16,696

)

21,515

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2016.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2016 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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 abbreviated accounts have been prepared in accordance with the special provisions of Part 15 of the Companies Act 2006 relating to small companies.

The financial statements were approved by the Board of Directors on 23 December 2016 and were signed on its behalf by:

Mr S D H Cufley - Director

1.	ACCOUNTING POLICIES

Accounting convention

The financial statements have been prepared under the historical cost convention and in accordance with the

Financial Reporting Standard for Smaller Entities (effective January 2015).

Preparation of consolidated financial statements

The financial statements contain information about Hampshire & Regional Limited as an individual company and

do not contain consolidated financial information as the parent of a group. The company has taken the option

under Section 398 of the Companies Act 2006 not to prepare consolidated financial statements.

Turnover

Turnover represents the value of goods and services supplied, excluding value added tax.

Tangible fixed assets

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

Office equipment

-

20% on cost

Computer equipment

-

33% on cost

Stocks

Work in progress is valued at the lower of cost and net realisable value.

Cost includes all direct expenditure and an appropriate proportion of fixed and variable overheads.

Deferred tax

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

balance sheet date.

Hire purchase and leasing commitments

Rentals paid under operating leases are charged to the profit and loss account on a straight line basis over the

period of the lease.

Pension costs and other post-retirement benefits

The company, on occasions, makes contributions to the personal pension schemes of directors. These amounts

are expensed in the profit and loss account as they arise.

2.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1 April 2015

1,551

Additions

4,116

At 31 March 2016

5,667

DEPRECIATION

At 1 April 2015

517

Charge for year

779

At 31 March 2016

1,296

NET BOOK VALUE

At 31 March 2016

4,371

At 31 March 2015

1,034

3.	FIXED ASSET INVESTMENTS

Investments

other

than

loans

£

COST

At 1 April 2015

7

Additions

5

Disposals

(2

)

At 31 March 2016

10

NET BOOK VALUE

At 31 March 2016

10

At 31 March 2015

7

The company's investments at the Balance Sheet date in the share capital of companies include the following:

Hampshire & Regional (QW) Limited

Country of incorporation: England & Wales

Nature of business:

%

Class of shares:

holding

Ordinary

100.00

2016

2015

£

£

Aggregate capital and reserves

45,148

46,146

(Loss)/profit for the year

(1,000

)

47,580

Hampshire & Regional (South Parade) Limited

Country of incorporation: England & Wales

Nature of business:

%

Class of shares:

holding

Ordinary

100.00

2016

2015

£

£

Aggregate capital and reserves

(14,364

)

(13,614

)

Loss for the year

(750

)

(810

)

Hampshire & Regional (F&V) Limited

Country of incorporation: England & Wales

Nature of business:

%

Class of shares:

holding

Ordinary

100.00

2016

2015

£

£

Aggregate capital and reserves

331,416

(2,703

)

Profit/(loss) for the year

334,119

(2,704

)

Hampshire & Regional (Properties) Limited

Country of incorporation: England & Wales

Nature of business: Dormant

%

Class of shares:

holding

Ordinary

100.00

2016

2015

£

£

Aggregate capital and reserves

1

1

Hampshire & Regional (Priddy's) Limited

Country of incorporation: England & Wales

Nature of business: Dormant

%

Class of shares:

holding

Ordinary

100.00

2016

2015

£

£

Aggregate capital and reserves

1

1

Hampshire & Regional (LL) Limited

Country of incorporation: England & Wales

Nature of business: Dormant

%

Class of shares:

holding

Ordinary

100.00

2016

2015

£

£

Aggregate capital and reserves

1

1

Hampshire & Regional (39-45 BS) Limited

Country of incorporation: England & Wales

Nature of business:

%

Class of shares:

holding

Ordinary

100.00

2016

2015

£

£

Aggregate capital and reserves

(25,463

)

1

Loss for the year

(25,464

)

-

4.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2016

2015

value:

£

£

90

Ordinary

£1

90

90

5.	ULTIMATE PARENT COMPANY

Hampshire & Regional Property Group Limited (incorporated in England & Wales ) is regarded by the directors

as being the company's ultimate parent company.

6.	GOING CONCERN

At the year end, the company has net liabilities of £16,696 (2015: net assets of £21,515).

The directors have confirmed that the entities in the group will continue to support the company and therefore

believe that the going concern basis is appropriate for the preparation of these accounts.

7.	CONTINGENT LIABILITIES, GUARANTEES & COMMITMENTS

During the year, the company entered into an agreement with its subsidiary undertaking, Hampshire & Regional

(F+V) Limited, and a third party whereby the company acts as a guarantor. The company will be liable for any

amounts in respect of which Hampshire & Regional (F+V) Limited is in default of its arrangement with the third

party.

In addition, Hampshire & Regional (F&V) Limited has given a charge to two former shareholders of the Group

over certain parcels of land included within work in progress as security in respect of an amount of £1,060,001

payable to them by Hampshire & Regional Property Group Limited, the ultimate parent company, in accordance

with the "Share Purchase Agreement".

The following reproduces the text of the report prepared for the directors in respect of the company's annual

unaudited financial statements, from which the unaudited abbreviated accounts (set out on pages two to six)

have been prepared.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the

financial statements of Hampshire & Regional Limited for the year ended 31 March 2016 which comprise the Profit and

Loss Account, the Balance Sheet and the related notes from the company's accounting records and from information

and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the Board of Directors of Hampshire & Regional Limited, as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Hampshire & Regional Limited and state those matters that we have agreed to state to the Board of Directors of Hampshire & Regional Limited, as a body, in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Hampshire & Regional Limited Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that Hampshire & Regional Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and loss of Hampshire & Regional Limited. You consider that Hampshire & Regional Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of Hampshire & Regional Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.

Rothman Pantall LLP

Chartered Accountants

24 Park Road South

Havant

Hampshire

PO9 1HB

23 December 2016