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REGISTERED NUMBER: 01241571 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 December 2023

for

Hope Valley Self Storage Ltd

Hope Valley Self Storage Ltd (Registered number: 01241571)






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




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Hope Valley Self Storage Ltd

Company Information
for the Year Ended 31 December 2023







DIRECTORS: L E Charles
Mrs D J Charles





REGISTERED OFFICE: Stretfield Mill
Bradwell
Hope Valley
Derbyshire
S33 9JT





REGISTERED NUMBER: 01241571 (England and Wales)





ACCOUNTANTS: Rains and Co Ltd
P O Box 5047
Sheffield
South Yorkshire
S6 9GJ

Hope Valley Self Storage Ltd (Registered number: 01241571)

Balance Sheet
31 December 2023

31.12.23 31.12.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 53,698 46,471

CURRENT ASSETS
Debtors 5 4,777 4,789
Cash at bank and in hand 9,761 22,037
14,538 26,826
CREDITORS
Amounts falling due within one year 6 15,163 14,166
NET CURRENT (LIABILITIES)/ASSETS (625 ) 12,660
TOTAL ASSETS LESS CURRENT
LIABILITIES

53,073

59,131

CREDITORS
Amounts falling due after more than
one year

7

54,343

53,913
NET (LIABILITIES)/ASSETS (1,270 ) 5,218

CAPITAL AND RESERVES
Called up share capital 1,250 1,250
Capital redemption reserve 7,910 7,910
Retained earnings (10,430 ) (3,942 )
(1,270 ) 5,218

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2023 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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.

Hope Valley Self Storage Ltd (Registered number: 01241571)

Balance Sheet - continued
31 December 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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 20 March 2024 and were signed on its behalf by:




L E Charles - Director



Mrs D J Charles - Director


Hope Valley Self Storage Ltd (Registered number: 01241571)

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

1. STATUTORY INFORMATION

Hope Valley Self Storage Ltd 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.

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

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.

3. EMPLOYEES AND DIRECTORS

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

Hope Valley Self Storage Ltd (Registered number: 01241571)

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

4. TANGIBLE FIXED ASSETS
Computer
and
Fixtures Photographic
Plant and and Motor Equ
machinery fittings vehicles ipment Totals
£    £    £    £    £   
COST
At 1 January 2023 82,636 51,097 - 4,648 138,381
Additions 300 - 18,333 399 19,032
At 31 December 2023 82,936 51,097 18,333 5,047 157,413
DEPRECIATION
At 1 January 2023 49,195 38,899 - 3,816 91,910
Charge for year 5,061 1,829 4,509 406 11,805
At 31 December 2023 54,256 40,728 4,509 4,222 103,715
NET BOOK VALUE
At 31 December 2023 28,680 10,369 13,824 825 53,698
At 31 December 2022 33,441 12,198 - 832 46,471

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.23 31.12.22
£    £   
Trade debtors 1,777 1,789
Other debtors 3,000 3,000
4,777 4,789

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.23 31.12.22
£    £   
Hire purchase contracts 4,612 -
Trade creditors 2,622 2,622
Social security and other taxes 1,278 1,278
VAT 5,651 9,316
Accrued expenses 1,000 950
15,163 14,166

Hope Valley Self Storage Ltd (Registered number: 01241571)

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

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
31.12.23 31.12.22
£    £   
Hire purchase contracts 9,993 3,563
Other creditors 1,350 1,350
Other creditors - Visionurban 43,000 49,000
54,343 53,913