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REGISTERED NUMBER:
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HAMBLESIDE MERCHANDISE LTD |
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FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2018 |
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REGISTERED NUMBER:
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HAMBLESIDE MERCHANDISE LTD |
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FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2018 |
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HAMBLESIDE MERCHANDISE LTD (REGISTERED NUMBER: 04933881) |
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CONTENTS OF THE FINANCIAL STATEMENTS |
FOR THE YEAR ENDED 31 DECEMBER 2018 |
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Company Information | 1 |
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Balance Sheet | 2 |
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Notes to the Financial Statements | 3 |
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HAMBLESIDE MERCHANDISE LTD |
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COMPANY INFORMATION |
FOR THE YEAR ENDED 31 DECEMBER 2018 |
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DIRECTORS: |
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REGISTERED OFFICE: |
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REGISTERED NUMBER: |
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SENIOR STATUTORY AUDITOR: |
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AUDITORS: |
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Chartered Accountants |
Registered Auditors |
Cawley Priory |
South Pallant |
Chichester |
West Sussex |
PO19 1SY |
HAMBLESIDE MERCHANDISE LTD (REGISTERED NUMBER: 04933881) |
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BALANCE SHEET |
31 DECEMBER 2018 |
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2018 | 2017 |
Notes | £ | £ |
FIXED ASSETS |
Intangible assets | 5 |
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Tangible assets | 6 |
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CURRENT ASSETS |
Stocks |
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Debtors | 7 |
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Cash at bank and in hand |
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CREDITORS |
Amounts falling due within one year | 8 | ( |
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NET CURRENT (LIABILITIES)/ASSETS | ( |
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TOTAL ASSETS LESS CURRENT
LIABILITIES |
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CAPITAL AND RESERVES |
Called up share capital | 9 |
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Retained earnings |
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( |
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SHAREHOLDERS' FUNDS |
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In accordance with Section 444 of the Companies Act 2006, the Profit and Loss Account has not been delivered. |
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The financial statements were approved by the Board of Directors on
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HAMBLESIDE MERCHANDISE LTD (REGISTERED NUMBER: 04933881) |
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NOTES TO THE FINANCIAL STATEMENTS |
FOR THE YEAR ENDED 31 DECEMBER 2018 |
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1. | STATUTORY INFORMATION |
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Hambleside Merchandise Ltd is a
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company's registered number and registered office address can be found on the Company Information page. |
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The financial statements are presented in sterling which is the functional currency of the company and rounded |
to the nearest £. |
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2. | ACCOUNTING POLICIES |
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Basis of preparing the financial statements |
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Turnover |
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, |
value added tax and other sales taxes. |
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Goodwill |
Goodwill arising on the acquisition of an entity represents the excess of the cost of acquisition over the |
company's interest in the net fair value of the identifiable assets, liabilities and contingent liabilities of the entity |
recognised at the date of acquisition. Goodwill is initially recognised as an asset at cost and is subsequently |
measured at cost less accumulated amortisation and accumulated impairment losses. Goodwill is held in the |
currency of the acquired entity and revalued to the closing rate at each reporting period date. Goodwill is |
amortised over its useful life, which shall not exceed ten year if a reliable estimate of the useful life cannot be |
made. |
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Asset class | Amortisation method and rate |
Purchased Goodwill | Straight line over 20 years |
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Intangible assets |
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost |
less any accumulated amortisation and any accumulated impairment losses. |
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Tangible fixed assets |
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Asset class | Depreciation method and rate |
Fixtures, fittings and equipment | 20% Reducing balance |
Plant and Machinery | 33.33% Reducing balance |
Motor vehicles | 25% Reducing balance |
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Stocks |
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and |
slow moving items. |
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Taxation |
Taxation for the year comprises current and deferred tax. Tax is recognised in the Profit and Loss Account, |
except to the extent that it relates to items recognised in other comprehensive income or directly in equity. |
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Current or deferred taxation assets and liabilities are not discounted. |
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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. |
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HAMBLESIDE MERCHANDISE LTD (REGISTERED NUMBER: 04933881) |
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NOTES TO THE FINANCIAL STATEMENTS - continued |
FOR THE YEAR ENDED 31 DECEMBER 2018 |
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2. | ACCOUNTING POLICIES - continued |
Deferred tax |
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the |
balance sheet date. |
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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. |
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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. |
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Hire purchase and leasing commitments |
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the |
lease. |
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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. |
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3. | EMPLOYEES AND DIRECTORS |
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The average number of employees during the year was
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4. | AUDITORS' REMUNERATION |
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2018£ | 2017£ |
Audit of the financial statements | 3,000 | 3,000 |
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5. | INTANGIBLE FIXED ASSETS |
Goodwill |
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COST |
At 1 January 2018 |
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Additions |
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At 31 December 2018 |
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AMORTISATION |
At 1 January 2018 |
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Charge for year |
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At 31 December 2018 |
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NET BOOK VALUE |
At 31 December 2018 |
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At 31 December 2017 |
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HAMBLESIDE MERCHANDISE LTD (REGISTERED NUMBER: 04933881) |
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NOTES TO THE FINANCIAL STATEMENTS - continued |
FOR THE YEAR ENDED 31 DECEMBER 2018 |
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6. | TANGIBLE FIXED ASSETS |
Plant and |
machinery |
etc |
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COST |
At 1 January 2018 |
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Additions |
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At 31 December 2018 |
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DEPRECIATION |
At 1 January 2018 |
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Charge for year |
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At 31 December 2018 |
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NET BOOK VALUE |
At 31 December 2018 |
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At 31 December 2017 |
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7. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
2018 | 2017 |
£ | £ |
Trade debtors |
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Amounts owed by group undertakings |
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Other debtors |
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8. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
2018 | 2017 |
£ | £ |
Bank loans and overdrafts |
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Trade creditors |
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Taxation and social security |
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Other creditors |
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9. | CALLED UP SHARE CAPITAL |
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Allotted, issued and fully paid: |
Number: | Class: | Nominal | 2018 | 2017 |
value: | £ | £ |
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Ordinary | £0.10 | 15,000 | 150,000 |
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10. | DISCLOSURE UNDER SECTION 444(5B) OF THE COMPANIES ACT 2006 |
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The Report of the Auditors was unqualified. |
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for and on behalf of
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HAMBLESIDE MERCHANDISE LTD (REGISTERED NUMBER: 04933881) |
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NOTES TO THE FINANCIAL STATEMENTS - continued |
FOR THE YEAR ENDED 31 DECEMBER 2018 |
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11. | RELATED PARTY DISCLOSURES |
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During the year there were no material transactions not concluded under normal market conditions with the |
parent or other subsidiaries and no transactions with directors. |
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Directors' remuneration |
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The directors' remuneration for the year was as follows: |
2018 | 2017 |
£ | £ |
Remuneration | 111,975 | 50,000 |
Contributions paid to money purchase schemes | 7,875 | 3,750 |
119,850 | 53,750 |
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Related party - Grinterley Limited (Group) |
Hambleside Merchandise Limited was in the same group as Hambleside Danelaw Ltd at the year end. During |
the year Hambleside Merchandise Limited sold £16,042 (2017 - £14,552) of products and services to |
Hambleside Danelaw Limited. During the year Hambleside Merchandise Limited purchased £41,895 (2017 - |
£8,959) of products and services from Hambleside Danelaw Limited. In addition some establishment costs were |
shared due to the company sharing offices and costs were apportioned between the companies. At the year end |
the amounts owed from the group were £32,717 (2017 - £167,295). |
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12. | ULTIMATE CONTROLLING PARTY |
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The ultimate controlling party during the period was Grinterley Limited, a company registered in England and |
Wales, company number 01680736. Subsequent to the year end the company is now under the control of the |
directors. |