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REGISTERED NUMBER: 07581144 (England and Wales)


















Unaudited Cessation Financial Statements

for the Year Ended 28 February 2023

for

Michele Hope Limited

Michele Hope Limited (Registered number: 07581144)






Contents of the Financial Statements
for the Year Ended 28 February 2023




Page

Balance Sheet 1

Notes to the Financial Statements 3


Michele Hope Limited (Registered number: 07581144)

Balance Sheet
28 February 2023

2023 2022
Notes £    £   
FIXED ASSETS
Tangible assets 4 - 100

CURRENT ASSETS
Debtors 5 5,000 50
Cash at bank and in hand 234 49,088
5,234 49,138
CREDITORS
Amounts falling due within one year 6 (94,909 ) (112,061 )
NET CURRENT LIABILITIES (89,675 ) (62,923 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

(89,675

)

(62,823

)

CREDITORS
Amounts falling due after more than one
year

7

(32,240

)

(33,206

)
NET LIABILITIES (121,915 ) (96,029 )

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings (122,015 ) (96,129 )
(121,915 ) (96,029 )

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 28 February 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 28 February 2023 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges her 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.

Michele Hope Limited (Registered number: 07581144)

Balance Sheet - continued
28 February 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 Profit and Loss Account has not been delivered.

The financial statements were approved by the director and authorised for issue on 6 February 2024 and were signed by:





Ms M S Hope - Director


Michele Hope Limited (Registered number: 07581144)

Notes to the Financial Statements
for the Year Ended 28 February 2023

1. STATUTORY INFORMATION

Michele Hope Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address are as below:

Registered number: 07581144

Registered office: Treviot House
186-192 High Road
Ilford
Essex
IG1 1LR

2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with the provisions of Section 1A "Small Entities" of Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.

Turnover
Turnover represents net invoiced sales, excluding value added tax.

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.
Plant and machinery - 20% on cost

Taxation
Taxation for the year comprises current. Tax is recognised in the Profit and Loss Account, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current 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.

Foreign currencies
Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result.

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.

Going concern
The company ceased trading on 28 February 2023, therefore the financial statements have been prepared on a cessation basis.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2022 - 5 ) .

Michele Hope Limited (Registered number: 07581144)

Notes to the Financial Statements - continued
for the Year Ended 28 February 2023

4. TANGIBLE FIXED ASSETS
Fixtures
Plant and and
machinery fittings Totals
£    £    £   
COST
At 1 March 2022 1,936 100 2,036
Disposals - (100 ) (100 )
At 28 February 2023 1,936 - 1,936
DEPRECIATION
At 1 March 2022
and 28 February 2023 1,936 - 1,936
NET BOOK VALUE
At 28 February 2023 - - -
At 28 February 2022 - 100 100

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors - 50
Amounts owed by group undertakings 5,000 -
5,000 50

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Bank loans and overdrafts 10,001 9,687
Trade creditors 61,142 57,366
Taxation and social security 18,227 29,299
Other creditors 5,539 15,709
94,909 112,061

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2023 2022
£    £   
Bank loans 32,240 33,206