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REGISTERED NUMBER: 01295727 (England and Wales)















Unaudited Financial Statements for the Year Ended 30 April 2023

for

HOOPERS ELM FARMS LIMITED

HOOPERS ELM FARMS LIMITED (REGISTERED NUMBER: 01295727)






Contents of the Financial Statements
for the year ended 30 April 2023




Page

Company Information 1

Chartered Accountants' Report 2

Balance Sheet 3

Notes to the Financial Statements 5


HOOPERS ELM FARMS LIMITED

Company Information
for the year ended 30 April 2023







DIRECTORS: ED Oram
B H Oram





REGISTERED OFFICE: 11 Laura Place
Bath
BA2 4BL





REGISTERED NUMBER: 01295727 (England and Wales)





ACCOUNTANTS: Richardson Swift
Chartered Accountants
11 Laura Place
Bath
BA2 4BL

Chartered Accountants' Report to the Board of Directors
on the Unaudited Financial Statements of
Hoopers Elm Farms Limited

The following reproduces the text of the report prepared for the directors in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Directors are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Hoopers Elm Farms Limited for the year ended 30 April 2023 which comprise the Income Statement, Balance Sheet, Statement of Changes in Equity 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 Hoopers Elm Farms 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 Hoopers Elm Farms Limited and state those matters that we have agreed to state to the Board of Directors of Hoopers Elm Farms 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 Hoopers Elm Farms Limited and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that Hoopers Elm Farms 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 profit of Hoopers Elm Farms Limited. You consider that Hoopers Elm Farms 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 Hoopers Elm Farms 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.






Richardson Swift
Chartered Accountants
11 Laura Place
Bath
BA2 4BL


25 October 2023

HOOPERS ELM FARMS LIMITED (REGISTERED NUMBER: 01295727)

Balance Sheet
30 April 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 823,659 780,151
Investments 5 4 4
Investment property 6 635,000 635,000
1,458,663 1,415,155

CURRENT ASSETS
Stocks 11,200 11,200
Debtors 7 8,255 14,029
19,455 25,229
CREDITORS
Amounts falling due within one year 8 320,343 369,284
NET CURRENT LIABILITIES (300,888 ) (344,055 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,157,775

1,071,100

CREDITORS
Amounts falling due after more than one
year

9

(248,027

)

(271,293

)

PROVISIONS FOR LIABILITIES 10 (41,478 ) (27,612 )
NET ASSETS 868,270 772,195

CAPITAL AND RESERVES
Called up share capital 11 100 100
Retained earnings 868,170 772,095
SHAREHOLDERS' FUNDS 868,270 772,195

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 April 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 April 2023 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.

HOOPERS ELM FARMS LIMITED (REGISTERED NUMBER: 01295727)

Balance Sheet - continued
30 April 2023


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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 25 October 2023 and were signed on its behalf by:





B H Oram - Director


HOOPERS ELM FARMS LIMITED (REGISTERED NUMBER: 01295727)

Notes to the Financial Statements
for the year ended 30 April 2023

1. STATUTORY INFORMATION

Hoopers Elm Farms 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 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention as modified by the revaluation of certain assets.

Preparation of consolidated financial statements
The financial statements contain information about Hoopers Elm Farms Limited as an individual company and do not contain consolidated financial information as the parent of a group. The company is exempt under Section 399(2A) of the Companies Act 2006 from the requirements to prepare consolidated financial statements.

Critical accounting judgements and key sources of estimation uncertainty
A key estimate obtained or made by the directors in preparing these financial statements is the appropriate value for property, and its treatment as investment property, as included in note 7. No other significant judgements or key assumptions have had to be made by the directors in preparing these financial statements.

Turnover
Turnover represents amounts receivable for goods and services net of VAT and trade discounts, recognised when services are rendered.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off the cost less estimated residual value of each asset over its estimated useful life.
Land and buildings - 2% on cost
Short leasehold - Straight line over the life of the lease
Plant and machinery - 20% on cost and 15% on reducing balance
Motor vehicles - 25% on reducing balance

Investments in subsidiaries
Investments in subsidiary undertakings are recognised at cost.

Investment property
Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

HOOPERS ELM FARMS LIMITED (REGISTERED NUMBER: 01295727)

Notes to the Financial Statements - continued
for the year ended 30 April 2023

2. ACCOUNTING POLICIES - continued

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, loans from banks and other third parties.

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 the profit or loss.

For financial assets measured at amortised cost, the impairment loss is measured as the difference between an asset's carrying amount and the present value of estimated cash flows discounted at the asset's original effective interest rate determined under the contract.

For financial assets measured at cost less impairment, the impairment loss is measured as the difference between an asset's carrying amount and the best estimate, which is an approximation, of the amount the company would receive for the asset if it were to be sold at the reporting date.

Financial assets and liabilities are offset 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.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

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.

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

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.

Hire purchase and leasing commitments
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

Rentals paid under operating leases are charged to profit or loss on a straight-line basis over the period of the lease.

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.

HOOPERS ELM FARMS LIMITED (REGISTERED NUMBER: 01295727)

Notes to the Financial Statements - continued
for the year ended 30 April 2023

2. ACCOUNTING POLICIES - continued

Government grants
Grants are credited to deferred revenue. Grants towards capital expenditure are released to the profit and loss account over the expected useful life of the assets. Grants towards revenue expenditure are released to the profit and loss account as the related expenditure is incurred.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2022 - NIL ) .

4. TANGIBLE FIXED ASSETS
Land and Short Plant and Motor
buildings leasehold machinery vehicles Totals
£    £    £    £    £   
COST
At 1 May 2022 554,988 92,960 425,500 29,250 1,102,698
Additions - - 11,100 100,170 111,270
Disposals - - (25,000 ) (20,850 ) (45,850 )
At 30 April 2023 554,988 92,960 411,600 108,570 1,168,118
DEPRECIATION
At 1 May 2022 - - 306,655 15,892 322,547
Charge for year - - 17,534 25,450 42,984
Eliminated on disposal - - (11,950 ) (9,122 ) (21,072 )
At 30 April 2023 - - 312,239 32,220 344,459
NET BOOK VALUE
At 30 April 2023 554,988 92,960 99,361 76,350 823,659
At 30 April 2022 554,988 92,960 118,845 13,358 780,151


5. FIXED ASSET INVESTMENTS
Shares in
group
undertakings
£   
COST
At 1 May 2022
and 30 April 2023 4
NET BOOK VALUE
At 30 April 2023 4
At 30 April 2022 4

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

Urbanwalk Limited
Registered office: 11 Laura Place, Bath, BA2 4BL
Nature of business: Property development
%
Class of shares: holding
Ordinary 50.00

HOOPERS ELM FARMS LIMITED (REGISTERED NUMBER: 01295727)

Notes to the Financial Statements - continued
for the year ended 30 April 2023

6. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 May 2022
and 30 April 2023 635,000
NET BOOK VALUE
At 30 April 2023 635,000
At 30 April 2022 635,000

Fair value at 30 April 2023 is represented by:
£   
Valuation in 2003 550,000
Valuation in 2021 85,000
635,000

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Amounts owed by group undertakings 3,794 2,204
Other debtors 4,461 11,825
8,255 14,029

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Bank loans and overdrafts 87,272 125,861
Hire purchase contracts 8,520 6,917
Trade creditors 1,208 -
Taxation and social security 18,282 14,924
Other creditors 205,061 221,582
320,343 369,284

The bank overdraft is secured by a fixed charge over land and buildings known as Andersea Farm together with a floating charge over the assets of the company. The amount secured at the year end was £41,398.

Within bank loans is a government supported bounce back loan.

9. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2023 2022
£    £   
Bank loans 234,537 266,293
Hire purchase contracts 13,490 -
Other creditors - 5,000
248,027 271,293

HOOPERS ELM FARMS LIMITED (REGISTERED NUMBER: 01295727)

Notes to the Financial Statements - continued
for the year ended 30 April 2023

9. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR - continued

Within bank loans is a bank loan secured over a first legal charge over property known as 36 Gathorne Road, Southville, Bristol.

Within bank loans is a government supported bounce back loan.

10. PROVISIONS FOR LIABILITIES
2023 2022
£    £   
Deferred tax 41,478 27,612

Deferred
tax
£   
Balance at 1 May 2022 27,612
Accelerated capital allowances 13,866
Balance at 30 April 2023 41,478

11. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2023 2022
value: £    £   
100 Ordinary shares £1 100 100