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REGISTERED NUMBER: 12789377 (England and Wales)















Financial Statements for the Year Ended 31 May 2023

for

Hope & Anchor (Ross-on-Wye) Limited

Hope & Anchor (Ross-on-Wye) Limited (Registered number: 12789377)






Contents of the Financial Statements
for the Year Ended 31 May 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


Hope & Anchor (Ross-on-Wye) Limited

Company Information
for the Year Ended 31 May 2023







DIRECTOR: H Bramer





REGISTERED OFFICE: c/o Regency House
33 Wood Street
Barnet
Hertfordshire
EN5 4BE





REGISTERED NUMBER: 12789377 (England and Wales)





AUDITORS: Cartwrights
Chartered Accountants and Business Advisors
Statutory Auditor
Regency House
33 Wood Street
Barnet
Hertfordshire
EN5 4BE

Hope & Anchor (Ross-on-Wye) Limited (Registered number: 12789377)

Balance Sheet
31 May 2023

31/5/23 31/5/22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 2,673,587 1,652,674

CURRENT ASSETS
Stocks 26,613 -
Debtors 5 36,733 130,483
Cash at bank and in hand 48,263 33,251
111,609 163,734
CREDITORS
Amounts falling due within one year 6 3,358,576 2,095,625
NET CURRENT LIABILITIES (3,246,967 ) (1,931,891 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

(573,380

)

(279,217

)

PROVISIONS FOR LIABILITIES 197,787 84,925
NET LIABILITIES (771,167 ) (364,142 )

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings (771,267 ) (364,242 )
(771,167 ) (364,142 )

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 director and authorised for issue on 15 January 2024 and were signed by:





H Bramer - Director


Hope & Anchor (Ross-on-Wye) Limited (Registered number: 12789377)

Notes to the Financial Statements
for the Year Ended 31 May 2023

1. STATUTORY INFORMATION

Hope & Anchor (Ross-on-Wye) 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.

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

Turnover is recognised at the point of sale.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Land and buildings freehold - Nil
Fixtures, fittings & equipment - 10-15% on cost
Computer equipment - 33% on cost

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

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.

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.

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.

Hope & Anchor (Ross-on-Wye) Limited (Registered number: 12789377)

Notes to the Financial Statements - continued
for the Year Ended 31 May 2023

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 37 (2022 - 14 ) .

4. TANGIBLE FIXED ASSETS
Plant and
Land and machinery
buildings etc Totals
£    £    £   
COST
At 1 June 2022 1,205,700 481,259 1,686,959
Additions 659,909 457,709 1,117,618
At 31 May 2023 1,865,609 938,968 2,804,577
DEPRECIATION
At 1 June 2022 - 34,285 34,285
Charge for year - 96,705 96,705
At 31 May 2023 - 130,990 130,990
NET BOOK VALUE
At 31 May 2023 1,865,609 807,978 2,673,587
At 31 May 2022 1,205,700 446,974 1,652,674

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31/5/23 31/5/22
£    £   
Trade debtors 31,781 1,546
Amounts owed by group undertakings - 70,962
Other debtors 4,952 57,975
36,733 130,483

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31/5/23 31/5/22
£    £   
Trade creditors 92,667 168,670
Amounts owed to group undertakings 3,236,632 1,913,932
Taxation and social security 20,833 6,686
Other creditors 8,444 6,337
3,358,576 2,095,625

7. DISCLOSURE UNDER SECTION 444(5B) OF THE COMPANIES ACT 2006

The Report of the Auditors was unqualified.

Eric McIntyre FCCA (Senior Statutory Auditor)
for and on behalf of Cartwrights

Hope & Anchor (Ross-on-Wye) Limited (Registered number: 12789377)

Notes to the Financial Statements - continued
for the Year Ended 31 May 2023

8. CONTINGENT LIABILITIES

The company is party to a cross guarantee arrangement relating to borrowings of the group. Net indebtedness under these arrangements at 31 May 2023 was £6,910,247 (2022: £7,355,710 ).

9. RELATED PARTY DISCLOSURES

The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group.

10. ULTIMATE CONTROLLING PARTY

The ultimate parent company is Country House Weddings Holdings Limited, a company registered in England and Wales. The ultimate controlling party is H Bramer, by virtue of his shareholding.