Silverfin false 31/03/2023 01/04/2022 31/03/2023 R Allsop Y Allsop 06 November 2023 The principal activity of the Company during the financial year was the management of the letting of properties. 00974151 2023-03-31 00974151 core:CurrentFinancialInstruments 2023-03-31 00974151 core:CurrentFinancialInstruments 2022-03-31 00974151 2022-03-31 00974151 core:ShareCapital 2023-03-31 00974151 core:ShareCapital 2022-03-31 00974151 core:RetainedEarningsAccumulatedLosses 2023-03-31 00974151 core:RetainedEarningsAccumulatedLosses 2022-03-31 00974151 bus:OrdinaryShareClass1 2023-03-31 00974151 2022-04-01 2023-03-31 00974151 bus:FullAccounts 2022-04-01 2023-03-31 00974151 bus:SmallEntities 2022-04-01 2023-03-31 00974151 bus:AuditExemptWithAccountantsReport 2022-04-01 2023-03-31 00974151 bus:PrivateLimitedCompanyLtd 2022-04-01 2023-03-31 00974151 bus:Director1 2022-04-01 2023-03-31 00974151 bus:Director2 2022-04-01 2023-03-31 00974151 2021-04-01 2022-03-31 00974151 bus:OrdinaryShareClass1 2022-04-01 2023-03-31 00974151 bus:OrdinaryShareClass1 2021-04-01 2022-03-31 iso4217:GBP xbrli:pure xbrli:shares

Company No: 00974151 (England and Wales)

HOPE END SECURITIES LIMITED

Unaudited Financial Statements
For the financial year ended 31 March 2023
Pages for filing with the registrar

HOPE END SECURITIES LIMITED

Unaudited Financial Statements

For the financial year ended 31 March 2023

Contents

HOPE END SECURITIES LIMITED

STATEMENT OF FINANCIAL POSITION

As at 31 March 2023
HOPE END SECURITIES LIMITED

STATEMENT OF FINANCIAL POSITION (continued)

As at 31 March 2023
31.03.2023 31.03.2022
£ £
Current assets
Debtors 3 191,015 154,080
Cash at bank and in hand 253 298
191,268 154,378
Creditors: amounts falling due within one year 4 ( 12,176) ( 13,410)
Net current assets 179,092 140,968
Total assets less current liabilities 179,092 140,968
Net assets 179,092 140,968
Capital and reserves
Called-up share capital 5 1,000 1,000
Profit and loss account 178,092 139,968
Total shareholders' funds 179,092 140,968

For the financial year ending 31 March 2023 the Company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

The financial statements of Hope End Securities Limited (registered number: 00974151) were approved and authorised for issue by the Director on 06 November 2023. They were signed on its behalf by:

R Allsop
Director
HOPE END SECURITIES LIMITED

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 31 March 2023
HOPE END SECURITIES LIMITED

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 31 March 2023
1. Accounting policies

The principal accounting policies are summarised below. They have all been applied consistently throughout the financial year and to the preceding financial year, unless otherwise stated.

General information and basis of accounting

Hope End Securities Limited (the Company) is a private company, limited by shares, incorporated in the United Kingdom under the Companies Act 2006 and is registered in England and Wales. The address of the Company's registered office is The Barn Office, Hope End, Ledbury, HR8 1JQ, United Kingdom.

The financial statements have been prepared under the historical cost convention, modified to include certain items at fair value, and in accordance with Section 1A of Financial Reporting Standard 102 (FRS 102) ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland’ issued by the Financial Reporting Council and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.

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

Going concern

The directors have assessed the Statement of Financial Position and likely future cash flows at the date of approving these financial statements. The directors have a reasonable expectation that the Company has adequate resources to continue in operational existence and to meet its financial obligations as they fall due for at least 12 months from the date of signing these financial statements. Accordingly, they continue to adopt the going concern basis in preparing the financial statements.

Turnover

Turnover is stated net of VAT and trade discounts and is recognised when the significant risks and rewards are considered to have been transferred to the buyer. Turnover from the supply of services represents the value of services provided under contracts to the extent that there is a right to consideration and is recorded at the fair value of the consideration received or receivable. Where a contract has only been partially completed at the Statement of Financial Position date turnover represents the fair value of the service provided to date based on the stage of completion of the contract activity at the Statement of Financial Position date. Where payments are received from customers in advance of services provided, the amounts are recorded as deferred income and included as part of creditors due within one year.

Taxation

Current tax
Current tax is provided at amounts expected to be paid (or recoverable) using the tax rates and laws that have been enacted or substantively enacted at the Statement of Financial Position date.

Trade and other debtors

Trade and other debtors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest method less impairment losses for bad and doubtful debts, except where the effect of discounting would be immaterial. In such cases the receivables are stated at cost less impairment losses for bad and doubtful debts.

Cash and cash equivalents

Cash and cash equivalents are basic financial assets and include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in creditors: amounts falling due within one year.

Trade and other creditors

Trade and other creditors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest rate method, unless the effect of discounting would be immaterial, in which case they are stated at cost.

Ordinary share capital

The ordinary share capital of the Company is presented as equity.

2. Employees

31.03.2023 31.03.2022
Number Number
Monthly average number of persons employed by the Company during the year, including directors 2 2

3. Debtors

31.03.2023 31.03.2022
£ £
Amounts owed by directors 31,569 14,675
Other debtors 159,446 139,405
191,015 154,080

4. Creditors: amounts falling due within one year

31.03.2023 31.03.2022
£ £
Accruals 2,579 2,401
Taxation and social security 9,597 8,186
Other creditors 0 2,823
12,176 13,410

5. Called-up share capital

31.03.2023 31.03.2022
£ £
Allotted, called-up and fully-paid
1,000 Ordinary shares of £ 1.00 each 1,000 1,000

6. Related party transactions

Transactions with the entity's directors

31.03.2023 31.03.2022
£ £
Amounts owed by directors 31,569 14,675

Advances were made to the directors during the year totalling £24,913, credits were made totalling £8,312. Interest has been charged at 2% totalling £293. The amount outstanding at the year end was £31,569. This balance will be repaid before 9 months following the year end (December 2023).