Caseware UK (AP4) 2022.0.179 2022.0.179 2023-01-312023-01-31The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.true2022-01-03falseDesign activities1false 13825374 2022-01-02 13825374 2022-01-03 2023-01-31 13825374 2022-01-01 2022-01-02 13825374 2023-01-31 13825374 c:Director1 2022-01-03 2023-01-31 13825374 d:OfficeEquipment 2022-01-03 2023-01-31 13825374 d:OfficeEquipment 2023-01-31 13825374 d:OfficeEquipment d:OwnedOrFreeholdAssets 2022-01-03 2023-01-31 13825374 d:CurrentFinancialInstruments 2023-01-31 13825374 d:CurrentFinancialInstruments d:WithinOneYear 2023-01-31 13825374 d:ShareCapital 2023-01-31 13825374 d:RetainedEarningsAccumulatedLosses 2023-01-31 13825374 c:OrdinaryShareClass1 2022-01-03 2023-01-31 13825374 c:OrdinaryShareClass1 2023-01-31 13825374 c:FRS102 2022-01-03 2023-01-31 13825374 c:AuditExempt-NoAccountantsReport 2022-01-03 2023-01-31 13825374 c:FullAccounts 2022-01-03 2023-01-31 13825374 c:PrivateLimitedCompanyLtd 2022-01-03 2023-01-31 13825374 d:EntityControlledByKeyManagementPersonnel1 2022-01-03 2023-01-31 13825374 d:EntityControlledByKeyManagementPersonnel1 2023-01-31 xbrli:shares iso4217:GBP xbrli:pure

Registered number: 13825374









HOPE & MAE LTD







UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE PERIOD ENDED 31 JANUARY 2023

 
HOPE & MAE LTD
REGISTERED NUMBER: 13825374

STATEMENT OF FINANCIAL POSITION
AS AT 31 JANUARY 2023


2023
Note
£
£

Fixed assets
  

Tangible assets
 4 
2,023

  
2,023

Current assets
  

Cash at bank and in hand
 5 
1,013

Creditors: amounts falling due within one year
 6 
(2,944)

Net current liabilities
  
 
 
(1,931)

Total assets less current liabilities
  
92

  

Net assets
  
92


Capital and reserves
  

Called up share capital 
 7 
100

Profit and loss account
  
(8)

  
92


The director considers that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the period in question in accordance with section 476 of the Companies Act 2006.

The director acknowledges her responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and in accordance with the provisions of FRS 102 Section 1A - small entities.

The financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The Company has opted not to file the Statement of comprehensive income in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf on 2 October 2023.




M H Lawrence
Director

The notes on pages 3 to 6 form part of these financial statements.
Page 1

 
HOPE & MAE LTD
REGISTERED NUMBER: 13825374
    
STATEMENT OF FINANCIAL POSITION (CONTINUED)
AS AT 31 JANUARY 2023


Page 2

 
HOPE & MAE LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 JANUARY 2023

1.


General information

Hope & Mae Ltd is a company limited by shares, incorporated in England and Wales. The address of the registered office is The Lynchets, Hurdle Way, Winchester, Hampshire, United Kingdom SO21 2AN.
The company was incorporated on 3 January 2022 and commenced trading on 20 May 2022.
The principal activity of the company is of interior design. 

2.Accounting policies

 
2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with Section 1A of Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006.

The following principal accounting policies have been applied:

 
2.2

Going concern

The financial statements are prepared on a going concern basis, despite the Statement of financial position showing net current liabilities of £1,931 which includes amounts owed to the director of £1,444. The director has indicated that she will not seek repayment of the funds advanced to the company, until the company has sufficient funds to do so. As such, the director believes that there are no significant uncertainties in her assessment of whether the business is a going concern and therefore has prepared the accounts on a going concern basis.

Page 3

 
HOPE & MAE LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 JANUARY 2023

2.Accounting policies (continued)

 
2.3

Revenue

Revenue is recognised to the extent that it is probable that the economic benefits will flow to the Company and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before revenue is recognised:

Sale of goods

Revenue from the sale of goods is recognised when all of the following conditions are satisfied:
the Company has transferred the significant risks and rewards of ownership to the buyer;
the Company retains neither continuing managerial involvement to the degree usually associated with ownership nor effective control over the goods sold;
the amount of revenue can be measured reliably;
it is probable that the Company will receive the consideration due under the transaction; and
the costs incurred or to be incurred in respect of the transaction can be measured reliably.

Rendering of services

Revenue from a contract to provide services is recognised in the period in which the services are provided in accordance with the stage of completion of the contract when all of the following conditions are satisfied:
the amount of revenue can be measured reliably;
it is probable that the Company will receive the consideration due under the contract;
the stage of completion of the contract at the end of the reporting period can be measured reliably; and
the costs incurred and the costs to complete the contract can be measured reliably.

 
2.4

Tangible fixed assets

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, using the straight-line method.

Depreciation is provided on the following basis:

Office equipment
-
25% straight-line method

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in the Statement of comprehensive income.

Page 4

 
HOPE & MAE LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 JANUARY 2023

2.Accounting policies (continued)

 
2.5

Cash and cash equivalents

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.

 
2.6

Creditors

Short-term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.


3.


Employees

The average monthly number of employees, including directors, during the period was 1.


4.


Tangible fixed assets





Office equipment

£



Cost


Additions
2,338



At 31 January 2023

2,338



Depreciation


Charge for the period
315



At 31 January 2023

315



Net book value



At 31 January 2023
2,023

Page 5

 
HOPE & MAE LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 JANUARY 2023

5.


Cash and cash equivalents

2023
£

Cash at bank and in hand
1,013

1,013



6.


Creditors: Amounts falling due within one year

2023
£

Other creditors
1,444

Accruals and deferred income
1,500

2,944



7.


Share capital

2023
£
Allotted, called up and fully paid


1 Ordinary share of £100
100


On incorporation, 1 Ordinary share of £100 was issued at par.


8.


Related party transactions

Included within other creditors is an amount of £1,444 due to the director of the company.


9.


Controlling party

The ultimate controlling party is the director by virtue of her 100% shareholding in the company.

 
Page 6