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REGISTERED NUMBER: 01943317 (England and Wales)















S & R HOPLEY LIMITED

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2021






S & R HOPLEY LIMITED (REGISTERED NUMBER: 01943317)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2021










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


S & R HOPLEY LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 DECEMBER 2021







DIRECTORS: Mr R V Hopley
Mr R J Hopley





REGISTERED OFFICE: Halfhead Farm
Shallowford
Stone
Staffordshire
ST15 0PA





REGISTERED NUMBER: 01943317 (England and Wales)

S & R HOPLEY LIMITED (REGISTERED NUMBER: 01943317)

BALANCE SHEET
31 DECEMBER 2021

2021 2020
Notes £    £   
FIXED ASSETS
Intangible assets 4 8,596 1,814
Tangible assets 5 3,728,841 2,146,460
Investments 6 50 50
3,737,487 2,148,324

CURRENT ASSETS
Stocks 253,598 135,628
Debtors 7 620,990 604,911
Cash at bank 6,237 40,285
880,825 780,824
CREDITORS
Amounts falling due within one year 8 (327,415 ) (354,797 )
NET CURRENT ASSETS 553,410 426,027
TOTAL ASSETS LESS CURRENT LIABILITIES 4,290,897 2,574,351

CREDITORS
Amounts falling due after more than one year 9 (1,429,044 ) (114,303 )

PROVISIONS FOR LIABILITIES (129,801 ) (69,221 )
NET ASSETS 2,732,052 2,390,827

S & R HOPLEY LIMITED (REGISTERED NUMBER: 01943317)

BALANCE SHEET - continued
31 DECEMBER 2021

2021 2020
Notes £    £   
CAPITAL AND RESERVES
Called up share capital 10 100 100
Retained earnings 2,731,952 2,390,727
SHAREHOLDERS' FUNDS 2,732,052 2,390,827

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2021.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2021 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 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 Profit and Loss Account has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 23 May 2022 and were signed on its behalf by:





Mr R J Hopley - Director


S & R HOPLEY LIMITED (REGISTERED NUMBER: 01943317)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2021


1. STATUTORY INFORMATION

S & R Hopley 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 Section 1A "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

The financial statements are presented in sterling which is the functional currency of the company and rounded to the nearest £.

The significant accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all years presented unless otherwise stated.

S & R HOPLEY LIMITED (REGISTERED NUMBER: 01943317)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2021


2. ACCOUNTING POLICIES - continued

Turnover
Sale of goods
Turnover from the sale of livestock, crops and wool is recognised when significant risks and rewards of ownership of the goods have transferred to the buyer, the amount of turnover can be measured reliably, it is probable that the economic benefits associated with the transaction will flow to the company and the costs incurred or to be incurred in respect of the transaction can be measured reliably. This is usually on dispatch of the goods.

Compensation
Income from compensation is recognised when received. The value received is based on either statutory loss of land from growing crops or temporary land take and disturbance.

Government Grants
Government grants are recognised at the fair value of the asset received or receivable when there is reasonable assurance that the company will comply with conditions attaching to them and the grants will be received using the accrual model.

Also included as government grants is the entitlement value of the Basic Payment Scheme which has been capitalised as an intangible asset.

Rent received
Rental income is recognised using the accrual model.

Intangible assets
Intangible assets acquired separately from a business are capitalised at cost. Intangible assets acquired on business combinations are capitalised separately from goodwill if the fair value can be measured reliably on initial recognition.

Intangible assets are amortised on a straight line basis over their useful lives. The useful lives of intangible assets are as follows:

Basic Payment Scheme entitlements - 6 years

Provision is made for any impairment.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.
Agricultural Buildings - 4 - 10% on reducing balance
Plant and machinery - 20% on reducing balance and 10% on reducing balance
Motor vehicles - 25% on reducing balance

Tangible fixed assets are stated at cost (or deemed cost) or valuation less accumulated depreciation and
accumulated impairment losses. Cost includes costs directly attributable to making the asset capable of
operating as intended.

S & R HOPLEY LIMITED (REGISTERED NUMBER: 01943317)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2021


2. ACCOUNTING POLICIES - continued

Stocks
Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost includes all costs of purchase, costs of conversion and other costs incurred in bringing stock to its present location and condition. Deemed cost is used where actual cost is not accurately ascertainable. Provision is made for damaged, obsolete and slow-moving stock where appropriate.

Tax
Current tax represents the amount of tax payable or receivable in respect of the taxable profit for the current or past reporting periods. It is measured at the amount expected to be paid or recovered using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax represents the future tax consequences of transactions and events recognised in the financial statements of current and previous periods. It is recognised in respect of all timing differences, with certain exceptions. Timing differences are differences between taxable profits and total comprehensive income as stated in the financial statements that arise from the inclusion of income and expense in tax assessments in periods different from those in which they are recognised in the financial statements.

Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date that are expected to apply to the reversal of timing differences.

Leases
Assets acquired under finance leases are capitalised and depreciated over the shorter of the lease term and the expected useful life of the asset. Minimum lease payments are apportioned between the finance charge and the reduction of the outstanding lease liability using the effective interest method. The related obligations, net of future finance charges, are included in creditors

Debtors and creditors receivable / payable within one year
Debtors and creditors with no stated interest rate and receivable or payable within one year are recorded at transaction price. Any losses arising from impairment are recognised in the profit and loss account in other administrative expenses.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2020 - 2 ) .

S & R HOPLEY LIMITED (REGISTERED NUMBER: 01943317)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2021


4. INTANGIBLE FIXED ASSETS
Other
intangible
assets
£   
COST
At 1 January 2021 47,864
Additions 6,782
At 31 December 2021 54,646
AMORTISATION
At 1 January 2021
and 31 December 2021 46,050
NET BOOK VALUE
At 31 December 2021 8,596
At 31 December 2020 1,814

5. TANGIBLE FIXED ASSETS
Plant and
Land and machinery
buildings etc Totals
£    £    £   
COST
At 1 January 2021 2,018,624 701,094 2,719,718
Additions 1,638,153 13,486 1,651,639
Disposals (16,033 ) (9,250 ) (25,283 )
At 31 December 2021 3,640,744 705,330 4,346,074
DEPRECIATION
At 1 January 2021 84,884 488,374 573,258
Charge for year 2,593 43,232 45,825
Eliminated on disposal - (1,850 ) (1,850 )
At 31 December 2021 87,477 529,756 617,233
NET BOOK VALUE
At 31 December 2021 3,553,267 175,574 3,728,841
At 31 December 2020 1,933,740 212,720 2,146,460

S & R HOPLEY LIMITED (REGISTERED NUMBER: 01943317)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2021


5. TANGIBLE FIXED ASSETS - continued

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:

Plant and
machinery
etc
£   
COST
At 1 January 2021
and 31 December 2021 26,200
DEPRECIATION
At 1 January 2021 9,432
Charge for year 3,354
At 31 December 2021 12,786
NET BOOK VALUE
At 31 December 2021 13,414
At 31 December 2020 16,768

6. FIXED ASSET INVESTMENTS
Other
investments
£   
COST
At 1 January 2021
and 31 December 2021 50
NET BOOK VALUE
At 31 December 2021 50
At 31 December 2020 50

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2021 2020
£    £   
Trade debtors 7,741 73,629
Other debtors 600,239 515,893
VAT 5,868 8,720
Prepayments 7,142 6,669
620,990 604,911

S & R HOPLEY LIMITED (REGISTERED NUMBER: 01943317)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2021


8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2021 2020
£    £   
Other Loans 31,177 30,401
Hire purchase contracts 4,222 8,417
Trade creditors 27,498 108,373
Tax 47,744 48,296
Social security and other taxes 124 124
Directors' current accounts 202,553 144,945
Accruals 14,097 14,241
327,415 354,797

9. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2021 2020
£    £   
Bank loans - 1-2 years - 50,000
Bank loans - 2-5 years 1,406,347 -
Other loans - 2-5 years 22,697 60,081
Hire purchase contracts - 4,222
1,429,044 114,303

10. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2021 2020
value: £    £   
100 Ordinary £1 100 100

11. RELATED PARTY DISCLOSURES

Group companies have bank loan arrangements which are secured on the assets of S & R Hopley Limited.