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REGISTERED NUMBER: 05586014











Unaudited Financial Statements for the Year Ended 30 November 2023

for

Richard Hopes Ltd

Richard Hopes Ltd (Registered number: 05586014)






Contents of the Financial Statements
for the Year Ended 30 November 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Richard Hopes Ltd

Company Information
for the Year Ended 30 November 2023







DIRECTOR: R J Hopes





SECRETARY: J J Hopes





REGISTERED OFFICE: Bell House
Ashford Hill
Thatcham
Berkshire
RG19 8BB





REGISTERED NUMBER: 05586014





ACCOUNTANTS: E J Business Consultants Limited
2 Toomers Wharf
Canal Walk
Newbury
Berkshire
RG14 1DY

Richard Hopes Ltd (Registered number: 05586014)

Balance Sheet
30 November 2023

30.11.23 30.11.22
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 - -
Tangible assets 5 979 193
979 193

CURRENT ASSETS
Stocks 14,665 15,725
Debtors 6 11,599 10,380
Cash at bank 89,785 93,707
116,049 119,812
CREDITORS
Amounts falling due within one year 7 39,478 42,528
NET CURRENT ASSETS 76,571 77,284
TOTAL ASSETS LESS CURRENT
LIABILITIES

77,550

77,477

PROVISIONS FOR LIABILITIES 186 36
NET ASSETS 77,364 77,441

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 77,264 77,341
SHAREHOLDERS' FUNDS 77,364 77,441

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 November 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 November 2023 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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.

Richard Hopes Ltd (Registered number: 05586014)

Balance Sheet - continued
30 November 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 director and authorised for issue on 18 March 2024 and were signed by:





R J Hopes - Director


Richard Hopes Ltd (Registered number: 05586014)

Notes to the Financial Statements
for the Year Ended 30 November 2023

1. STATUTORY INFORMATION

Richard Hopes Ltd is a private company, limited by shares , registered in Not specified/Other. 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 represents invoiced fees adjusted for work in progress, excluding value added tax.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2005, is being amortised evenly over its estimated useful life of ten years.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery etc - 25% on reducing balance, 15% on reducing balance and 10% on cost

Stocks
Work in progress is valued at the lower of cost and net realisable value.

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition.

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.

Richard Hopes Ltd (Registered number: 05586014)

Notes to the Financial Statements - continued
for the Year Ended 30 November 2023

2. ACCOUNTING POLICIES - continued

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2022 - 2 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 December 2022
and 30 November 2023 45,000
AMORTISATION
At 1 December 2022
and 30 November 2023 45,000
NET BOOK VALUE
At 30 November 2023 -
At 30 November 2022 -

5. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 December 2022 22,757
Additions 1,264
At 30 November 2023 24,021
DEPRECIATION
At 1 December 2022 22,564
Charge for year 478
At 30 November 2023 23,042
NET BOOK VALUE
At 30 November 2023 979
At 30 November 2022 193

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.11.23 30.11.22
£    £   
Prepayments and accrued income 11,599 10,380

Richard Hopes Ltd (Registered number: 05586014)

Notes to the Financial Statements - continued
for the Year Ended 30 November 2023

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.11.23 30.11.22
£    £   
Trade creditors 428 85
Tax 2,948 3,219
Social security and other taxes 2,636 3,754
Other creditors 168 974
Directors' loan accounts 12,983 14,181
Accruals and deferred income 20,315 20,315
39,478 42,528

8. ULTIMATE CONTROLLING PARTY

The controlling party is R J Hopes.