Hamptons Investments Limited - Period Ending 2017-12-31

Registration number: 03367305

Hamptons Investments Limited

Annual Report and Unaudited Financial Statements

for the Year Ended 31 December 2017

Hamptons Investments Limited

Contents

Company Information	1
Balance Sheet	2
Notes to the Financial Statements	3 to 5

Hamptons Investments Limited

Company Information

Director

Dr A Micallef

Registered office

21 Navigation Business Village Navigation Way Ashton-on-Ribble Preston PR2 2YP

Page 1

Hamptons Investments Limited

(Registration number: 03367305)
Balance Sheet as at 31 December 2017

	Note	2017 £	2016 £
Fixed assets
Investments		10,883	10,883
Creditors: Amounts falling due within one year	5	(45,665)	(44,285)
Net liabilities		(34,782)	(33,402)
Capital and reserves
Called up share capital		100	100
Profit and loss account		(34,882)	(33,502)
Total equity		(34,782)	(33,402)

For the financial year ending 31 December 2017 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 in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime and the option not to file the Profit and Loss Account has been taken.

Approved and authorised by the director on 26 February 2018
 

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

Dr A Micallef

Director

The notes on pages 3 to 5 form an integral part of these financial statements.

Page 2

Hamptons Investments Limited

Notes to the Financial Statements for the Year Ended 31 December 2017

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 Navigation Business Village
Navigation Way
Ashton-on-Ribble
Preston
PR2 2YP

The principal place of business is:
18 The Piazza
Tigne Point
Sliema
Malta

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 - 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Companies Act 2006.

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.

Going concern

At the year end the company had net liabilities of £34,782 (2016: 33,402). The company's parent undertaking has confirmed that financial support will continue to be provided to the company to enable it to meet its obligations and liabilities for the foreseeable future. The financial statements have therefore been prepared on a going concern basis.

Consolidation

The company and its subsidiary form a small group. The company is therefore not required to produce consolidated financial statements and has not done so. These financial statements present information about the company as a single entity.

Investments

Investments in subsidiary undertakings are held at cost less accumulated impairment losses.

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Hamptons Investments Limited

Notes to the Financial Statements for the Year Ended 31 December 2017

Creditors

Basic financial liabilities, including trade and other creditors, loans from third parties and loans from related parties, are initially recognised at transaction price, unless the arrangement constitues a financing transaction, where the debt instrument is measured at the present value of the future payments discounted at a market rate of interest. Such instruments are subsequently carried at amortised cost using the effective interest method, less any impairment.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

Financial instruments

The company only enters into basic financial instruments transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors, loans from banks and other third parties, loans to related parties and investments in non-puttable ordinary shares.

Financial assets that are measured at cost and amortised cost are assessed at the end of each reporting period for objective evidence of impairment. If objective evidence of impairment is found, an impairment loss is recognised in profit or loss.

Financial assets and liabilities are offest and the net amount reported in the balance sheet when there is an enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

3	Staff numbers

The average number of persons employed by the company (including the director) during the year, was 1 (2016 - 1).

4	Investments

	2017 £	2016 £
Investments in subsidiaries	10,883	10,883

Subsidiaries	£
Cost or valuation
At 1 January 2017	10,883
Carrying amount
At 31 December 2017	10,883
At 31 December 2016	10,883

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Hamptons Investments Limited

Notes to the Financial Statements for the Year Ended 31 December 2017

5

Creditors

	Note	2017  £	2016  £
Due within one year
Other loans	6	33,665	33,665
Other creditors		12,000	10,620
		45,665	44,285

6	Loans and borrowings

	2017  £	2016  £
Current loans and borrowings
Other loans	33,665	33,665

Other loans are non interest bearing and have no formal repayment terms.

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