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REGISTERED NUMBER: 09238089 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2023

FOR

HOPEWELL PROPERTIES LIMITED

HOPEWELL PROPERTIES LIMITED (REGISTERED NUMBER: 09238089)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


HOPEWELL PROPERTIES LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 MARCH 2023







DIRECTORS: MAJ Hope
AC Kershaw





REGISTERED OFFICE: Hope Chapel House
Hope Chapel Hill
Bristol
BS8 4ND





REGISTERED NUMBER: 09238089 (England and Wales)





ACCOUNTANTS: Gordon Wood Scott & Partners Limited
Chartered Accountants
Dean House
94 Whiteladies Road
Clifton
Bristol
BS8 2QX

HOPEWELL PROPERTIES LIMITED (REGISTERED NUMBER: 09238089)

BALANCE SHEET
31 MARCH 2023

31.3.23 31.3.22
Notes £    £   
FIXED ASSETS
Tangible assets 4 52,538 4,607

CURRENT ASSETS
Debtors 5 237,702 107,219
Cash at bank 15,223 146,793
252,925 254,012
CREDITORS
Amounts falling due within one year 6 (90,750 ) (131,895 )
NET CURRENT ASSETS 162,175 122,117
TOTAL ASSETS LESS CURRENT
LIABILITIES

214,713

126,724

CREDITORS
Amounts falling due after more than one
year

7

(70,141

)

(32,500

)

PROVISIONS FOR LIABILITIES (2,913 ) (1,153 )
NET ASSETS 141,659 93,071

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 141,559 92,971
141,659 93,071

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 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.

HOPEWELL PROPERTIES LIMITED (REGISTERED NUMBER: 09238089)

BALANCE SHEET - continued
31 MARCH 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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 13 February 2024 and were signed on its behalf by:





MAJ Hope - Director


HOPEWELL PROPERTIES LIMITED (REGISTERED NUMBER: 09238089)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023

1. STATUTORY INFORMATION

Hopewell Properties 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.

The company has taken full advantage of the Bounce Back Loan during the current Coronavirus pandemic. Whilst the outlook currently remains uncertain the director considers these measures should provide sufficient short term support and will not impact on long term viability of the business.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

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.
Plant and machinery - 5% straight line
Motor vehicles - 20% on reducing balance
Computer equipment - 5% straight line

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 and creditors.

Short term debtors are measured at transaction price less any impairment.

Short term creditors are measured at transaction price.

Cash is represented by deposits with financial institutions repayable without penalty on notice of not more than 24 hours.

Other financial liabilities, including borrowings are initially measured at fair value and subsequently measured at amortised cost using the effective interest rate method, with interest expense recognised on an effective yield basis.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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.


HOPEWELL PROPERTIES LIMITED (REGISTERED NUMBER: 09238089)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2023

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.

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.

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.

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.

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 6 (2022 - 4 ) .

4. TANGIBLE FIXED ASSETS
Plant and Motor Computer
machinery vehicles equipment Totals
£    £    £    £   
COST
At 1 April 2022 516 11,000 6,291 17,807
Additions - 61,143 - 61,143
At 31 March 2023 516 72,143 6,291 78,950
DEPRECIATION
At 1 April 2022 309 6,600 6,291 13,200
Charge for year 103 13,109 - 13,212
At 31 March 2023 412 19,709 6,291 26,412
NET BOOK VALUE
At 31 March 2023 104 52,434 - 52,538
At 31 March 2022 207 4,400 - 4,607

HOPEWELL PROPERTIES LIMITED (REGISTERED NUMBER: 09238089)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2023

4. TANGIBLE FIXED ASSETS - continued

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:
Motor
vehicles
£   
COST
Additions 61,143
At 31 March 2023 61,143
DEPRECIATION
Charge for year 12,229
At 31 March 2023 12,229
NET BOOK VALUE
At 31 March 2023 48,914

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.23 31.3.22
£    £   
Other debtors 237,702 107,219

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.23 31.3.22
£    £   
Bank loans and overdrafts 10,000 10,000
Hire purchase contracts 5,973 -
Taxation and social security 11,605 7,130
Other creditors 63,172 114,765
90,750 131,895

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.3.23 31.3.22
£    £   
Bank loans 22,500 32,500
Hire purchase contracts 47,641 -
70,141 32,500

Amounts falling due in more than five years:

Repayable by instalments
Bank loans more 5 yr by instal - 2,500

HOPEWELL PROPERTIES LIMITED (REGISTERED NUMBER: 09238089)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2023

8. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31 March 2023 and 31 March 2022:

31.3.23 31.3.22
£    £   
MAJ Hope
Balance outstanding at start of year 2,443 346
Amounts advanced 46,171 2,097
Amounts repaid (14,725 ) -
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 33,889 2,443

9. RELATED PARTY DISCLOSURES

At the year end the company owed £49,751 (2022: £39,172) to one of the directors and the company was owed £33,889 (2022: £2,443) by one of the directors which was repaid after the year end. The loans were repayable on demand and no interest was charged during the year.