HOPE AND ANCHOR ENTERPRISES LTD
NOTES TO THE FINANCIAL STATEMENTS
FOR THE 8 MONTH PERIOD ENDED 30 JUNE 2023
Hope and Anchor Enterprises Limited is a private company limited by shares and is registered in England and Wales. The registered number is 14437202 and the registered office is Beech Hall, 62 High Street, Knaresborough, North Yorkshire, United Kingdom, HG5 0EA.
The Company was incorporated on 24 October 2022. There is therefore no comparative information.
2.Accounting policies
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Basis of preparation of financial statements
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The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006.
The preparation of financial statements in compliance with FRS 102 requires the use of certain critical accounting estimates. It also requires management to exercise judgment in applying the Company's accounting policies.
The director believes there is nothing to indicate that the Company will not continue as a going concern. Whilst the Company is not expected to trade in the coming year, the director does not intend to wind up the Company, it will remain dormant for the foreseeable future. The period to which the director has paid particular attention in assessing the appropriateness of the going concern basis is not less than twelve months from the date of approval of the accounts.
Short-term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.
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The average monthly number of employees, including the Directors, during the 8 month period was as follows:
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