Registered number
06998499
Hooper Homes Limited
Filleted Accounts
30 June 2023
Hooper Homes Limited
Registered number: 06998499
Balance Sheet
as at 30 June 2023
Notes 2023 2022
£ £
Fixed assets
Tangible assets 3 955,000 917,500
Current assets
Cash at bank and in hand 18,656 21,748
Creditors: amounts falling due within one year 4 (225,167) (223,161)
Net current liabilities (206,511) (201,413)
Total assets less current liabilities 748,489 716,087
Creditors: amounts falling due after more than one year 5 (457,400) (457,400)
Provisions for liabilities (34,178) (27,053)
Net assets 256,911 231,634
Capital and reserves
Called up share capital 100 100
Revaluation reserve 7 145,708 115,333
Profit and loss account 111,103 116,201
Shareholders' funds 256,911 231,634
The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
Mr M Hooper
Director
Approved by the board on 19 September 2023
Hooper Homes Limited
Notes to the Accounts
for the year ended 30 June 2023
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Intangible fixed assets
Intangible fixed assets are measured at cost less accumulative amortisation and any accumulative impairment losses.
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Leasehold land and buildings - Investment Carried at fair value
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
Provisions
Provisions (ie liabilities of uncertain timing or amount) are recognised when there is an obligation at the reporting date as a result of a past event, it is probable that economic benefit will be transferred to settle the obligation and the amount of the obligation can be estimated reliably.
2 Employees 2023 2022
Number Number
Average number of persons employed by the company 2 2
3 Tangible fixed assets
Land and buildings
£
Cost
At 1 July 2022 780,970
Surplus on revaluation 179,886
At 30 June 2023 960,856
Depreciation
At 1 July 2022 5,856
At 30 June 2023 5,856
Net book value
At 30 June 2023 955,000
At 30 June 2022 775,114
Freehold land and buildings: 2023 2022
£ £
Historical cost 759,934 759,934
- -
759,934 759,934
4 Creditors: amounts falling due within one year 2023 2022
£ £
Taxation and social security costs 3,990 5,408
Director's loan accounts 215,663 212,710
Other creditors 5,514 5,043
225,167 223,161
5 Creditors: amounts falling due after one year 2023 2022
£ £
Bank loans due between 2 - 5 years 457,400 457,400
6 Loans 2023 2022
£ £
Creditors include:
Secured bank loans 457,400 457,400
Bank loans are secured on investment property held within the company by way of fixed charge.
7 Revaluation reserve 2023 2022
£ £
At 1 July 2022 115,333 49,318
Gain on revaluation of land and buildings 37,500 81,500
Deferred taxation arising on the revaluation of land and buildings (7,125) (15,485)
At 30 June 2023 145,708 115,333
8 Controlling party
The controlling interest is held equally between the directors.
9 Other information
Hooper Homes Limited is a private company limited by shares and incorporated in England. Its registered office is:
Cumberland House
24 - 28 Baxter Avenue
Southend-on-Sea
Essex
SS2 6HZ
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