Company Registration No. 09964304 (England and Wales)
HOP INVESTMENTS LTD
UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED
30 SEPTEMBER 2023
PAGES FOR FILING WITH REGISTRAR
6 Queen Street
Leeds
West Yorkshire
LS1 2TW
HOP INVESTMENTS LTD
CONTENTS
Page
Balance sheet
1 - 2
Notes to the financial statements
3 - 6
HOP INVESTMENTS LTD
COMPANY INFORMATION
Directors
Mr R Kay
Mrs R Kay
Company number
09964304
Registered office
Church Hill
Main Street
Great Ouseburn
York
YO26 9RQ
Accountants
TC Group
6 Queen Street
Leeds
West Yorkshire
LS1 2TW
HOP INVESTMENTS LTD
BALANCE SHEET
AS AT
30 SEPTEMBER 2023
30 September 2023
- 1 -
2023
2022
Notes
£
£
£
£
Fixed assets
Tangible assets
3
-
0
1,175
Investment properties
4
571,550
462,635
571,550
463,810
Current assets
Cash at bank and in hand
26,987
25,587
Creditors: amounts falling due within one year
5
(456,648)
(458,209)
Net current liabilities
(429,661)
(432,622)
Total assets less current liabilities
141,889
31,188
Provisions for liabilities
(27,229)
-
0
Net assets
114,660
31,188
Capital and reserves
Called up share capital
1
1
Profit and loss reserves
114,659
31,187
Total equity
114,660
31,188

The directors of the company have elected not to include a copy of the profit and loss account within the financial statements.true

For the financial year ended 30 September 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476.

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

HOP INVESTMENTS LTD
BALANCE SHEET (CONTINUED)
AS AT
30 SEPTEMBER 2023
30 September 2023
- 2 -
The financial statements were approved by the board of directors and authorised for issue on 8 March 2024 and are signed on its behalf by:
Mrs R Kay
Director
Company Registration No. 09964304
HOP INVESTMENTS LTD
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2023
- 3 -
1
Accounting policies
Company information

Hop Investments Ltd is a private company limited by shares incorporated in England and Wales. The registered office is Church Hill, Main Street, Great Ouseburn, York, YO26 9RQ.

1.1
Accounting convention

These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. The disclosure requirements of section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The financial statements are prepared in sterling, which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest £.

The financial statements have been prepared under the historical cost convention. The principal accounting policies adopted are set out below.

1.2
Turnover

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the Company's activities. Turnover is shown net of value added tax, returns, rebates and discounts and is recognised when the amount of revenue can be reliably measured, and it is probable that future economic benefits will flow to the entity.

1.3
Tangible fixed assets

Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses.

Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:

Plant and equipment
25% straight line

The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to profit or loss.

1.4
Investment properties

Investment property is carried at fair value, derived from the current market prices for comparable real estate determined annually by external valuers. The valuers use observable market prices, adjusted if necessary for any difference in the nature, location or condition of the specific asset. Changes in fair value are recognised in profit or loss.

1.5
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 current liabilities.

HOP INVESTMENTS LTD
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 30 SEPTEMBER 2023
1
Accounting policies
(Continued)
- 4 -
1.6
Financial instruments

The company has elected to apply the provisions of Section 11 ‘Basic Financial Instruments’ and Section 12 ‘Other Financial Instruments Issues’ of FRS 102 to all of its financial instruments.

 

Financial instruments are recognised in the company's balance sheet when the company becomes party to the contractual provisions of the instrument.

 

Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

1.7
Equity instruments

Equity instruments issued by the company are recorded at the proceeds received, net of transaction costs. Dividends payable on equity instruments are recognised as liabilities once they are no longer at the discretion of the company.

1.8
Taxation

The tax expense represents the sum of the tax currently payable and deferred tax.

Current tax

The tax currently payable is based on taxable profit for the year. Taxable profit differs from net profit as reported in the profit and loss account because it excludes items of income or expense that are taxable or deductible in other years and it further excludes items that are never taxable or deductible. The company’s liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the reporting end date.

Deferred tax

Deferred tax liabilities are generally recognised for all timing differences and deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Such assets and liabilities are not recognised if the timing difference arises from goodwill or from the initial recognition of other assets and liabilities in a transaction that affects neither the tax profit nor the accounting profit.

 

The carrying amount of deferred tax assets is reviewed at each reporting end date and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered. Deferred tax is calculated at the tax rates that are expected to apply in the period when the liability is settled or the asset is realised. Deferred tax is charged or credited in the profit and loss account, except when it relates to items charged or credited directly to equity, in which case the deferred tax is also dealt with in equity. Deferred tax assets and liabilities are offset when the company has a legally enforceable right to offset current tax assets and liabilities and the deferred tax assets and liabilities relate to taxes levied by the same tax authority.

HOP INVESTMENTS LTD
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 30 SEPTEMBER 2023
- 5 -
2
Employees

The average monthly number of persons (including directors) employed by the company during the year was:

2023
2022
Number
Number
Total
2
2
3
Tangible fixed assets
Plant and machinery etc
£
Cost
At 1 October 2022 and 30 September 2023
6,872
Depreciation and impairment
At 1 October 2022
5,697
Depreciation charged in the year
1,175
At 30 September 2023
6,872
Carrying amount
At 30 September 2023
-
0
At 30 September 2022
1,175
4
Investment property
2023
£
Fair value
At 1 October 2022
462,635
Revaluations
108,915
At 30 September 2023
571,550

The fair value of the investment property has been arrived at on the basis of a valuation carried out by the directors who consider that the valuation at the year end date to be £575,000. The historical cost of the property is £466,085.

HOP INVESTMENTS LTD
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 30 SEPTEMBER 2023
- 6 -
5
Creditors: amounts falling due within one year
2023
2022
£
£
Amounts owed to group undertakings
448,428
448,428
Corporation tax
694
2,255
Other creditors
7,526
7,526
456,648
458,209
6
Parent company

The company's immediate parent is Rabbit (Holdings) Limited , incorporated in England.

These financial statements are available upon request from its registered office.

The ultimate controlling party is Mrs R and Mr R J Kay .

2023-09-302022-10-01false08 March 2024CCH SoftwareCCH Accounts Production 2023.300No description of principal activityMr R KayMrs R Kayfalse099643042022-10-012023-09-3009964304bus:Director12022-10-012023-09-3009964304bus:Director22022-10-012023-09-3009964304bus:RegisteredOffice2022-10-012023-09-30099643042023-09-30099643042022-09-3009964304core:OtherPropertyPlantEquipment2023-09-3009964304core:OtherPropertyPlantEquipment2022-09-3009964304core:CurrentFinancialInstrumentscore:WithinOneYear2023-09-3009964304core:CurrentFinancialInstrumentscore:WithinOneYear2022-09-3009964304core:CurrentFinancialInstruments2023-09-3009964304core:CurrentFinancialInstruments2022-09-3009964304core:ShareCapital2023-09-3009964304core:ShareCapital2022-09-3009964304core:RetainedEarningsAccumulatedLosses2023-09-3009964304core:RetainedEarningsAccumulatedLosses2022-09-3009964304core:PlantMachinery2022-10-012023-09-30099643042021-10-012022-09-3009964304core:OtherPropertyPlantEquipment2022-09-3009964304core:OtherPropertyPlantEquipment2022-10-012023-09-30099643042022-09-3009964304bus:PrivateLimitedCompanyLtd2022-10-012023-09-3009964304bus:SmallCompaniesRegimeForAccounts2022-10-012023-09-3009964304bus:FRS1022022-10-012023-09-3009964304bus:AuditExemptWithAccountantsReport2022-10-012023-09-3009964304bus:FullAccounts2022-10-012023-09-30xbrli:purexbrli:sharesiso4217:GBP