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REGISTERED NUMBER: 01674383 (England and Wales)















Financial Statements for the Year Ended 31 October 2023

for

Hope Street Properties Limited

Hope Street Properties Limited (Registered number: 01674383)






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




Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 4


Hope Street Properties Limited

Company Information
for the Year Ended 31 October 2023







DIRECTORS: E Mahoney
A T Worthington
D M Mahoney
D Shields
M Mahoney





SECRETARY: D Shields





REGISTERED OFFICE: 1 Derby Buildings
Wavertree Road
Liverpool
Merseyside
L7 3ES





REGISTERED NUMBER: 01674383 (England and Wales)





ACCOUNTANTS: Kinsella Clarke Limited
61 Stanley Road
Bootle
Merseyside
L20 7BZ

Hope Street Properties Limited (Registered number: 01674383)

Statement of Financial Position
31 October 2023

31.10.23 31.10.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 11,430,832 11,431,155
Investments 5 80,000 80,000
11,510,832 11,511,155

CURRENT ASSETS
Debtors 6 2,323,216 1,592,056
Cash at bank 640,721 899,416
2,963,937 2,491,472
CREDITORS
Amounts falling due within one year 7 2,446,032 2,486,865
NET CURRENT ASSETS 517,905 4,607
TOTAL ASSETS LESS CURRENT
LIABILITIES

12,028,737

11,515,762

CREDITORS
Amounts falling due after more than one
year

8

(61,553

)

(61,964

)

PROVISIONS FOR LIABILITIES (286,915 ) (281,512 )
NET ASSETS 11,680,269 11,172,286

CAPITAL AND RESERVES
Called up share capital 2,400 2,400
Share premium 4,800 4,800
Other reserves 6,434 6,434
Fair value reserve 1,201,777 1,201,777
Retained earnings 10,464,858 9,956,875
SHAREHOLDERS' FUNDS 11,680,269 11,172,286

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 October 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 Street Properties Limited (Registered number: 01674383)

Statement of Financial Position - continued
31 October 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 30 July 2024 and were signed on its behalf by:





D Shields - Director


Hope Street Properties Limited (Registered number: 01674383)

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

1. STATUTORY INFORMATION

Hope Street Properties 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 as modified by the revaluation of certain assets.

Turnover
Turnover represents property development and related activities and the provision of student accommodation excluding any value added tax.


Tangible fixed assets
In line with accounting standards for investment companies, no depreciation has been charged on land and buildings.

Depreciation has been provided on other tangible assets at the following rates in order to write off each asset over it's estimated useful life:-

Plant and machinery etc - 15% on reducing balance

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 statement of financial position date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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 34 (2022 - 19 ) .

Hope Street Properties Limited (Registered number: 01674383)

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

4. TANGIBLE FIXED ASSETS
Plant and
Land and machinery
buildings etc Totals
£    £    £   
COST OR VALUATION
At 1 November 2022 11,409,230 185,836 11,595,066
Additions - 5,995 5,995
At 31 October 2023 11,409,230 191,831 11,601,061
DEPRECIATION
At 1 November 2022 - 163,911 163,911
Charge for year - 6,318 6,318
At 31 October 2023 - 170,229 170,229
NET BOOK VALUE
At 31 October 2023 11,409,230 21,602 11,430,832
At 31 October 2022 11,409,230 21,925 11,431,155

Cost or valuation at 31 October 2023 is represented by:

Plant and
Land and machinery
buildings etc Totals
£    £    £   
Valuation in 2007 1,281,611 - 1,281,611
Valuation in 2010 (488,739 ) - (488,739 )
Cost 10,616,358 191,831 10,808,189
11,409,230 191,831 11,601,061

Freehold Property were valued on the realisation basis on 1 November 2010 by Honeybourne Kenny and Partners .

5. FIXED ASSET INVESTMENTS
Other
investments
£   
COST
At 1 November 2022
and 31 October 2023 80,000
NET BOOK VALUE
At 31 October 2023 80,000
At 31 October 2022 80,000

Hope Street Properties Limited (Registered number: 01674383)

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

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.10.23 31.10.22
£    £   
Trade debtors 270,000 153,091
Other debtors 2,053,216 1,438,965
2,323,216 1,592,056

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.10.23 31.10.22
£    £   
Bank loans and overdrafts 1,518,613 1,559,022
Trade creditors 83,150 160,023
Taxation and social security 200,602 106,327
Other creditors 643,667 661,493
2,446,032 2,486,865

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.10.23 31.10.22
£    £   
Other creditors 61,553 61,964

9. SECURED DEBTS

The following secured debts are included within creditors:

31.10.23 31.10.22
£    £   
Bank loans 27,368 1,559,022

10. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31 October 2023 and 31 October 2022:

31.10.23 31.10.22
£    £   
D M Mahoney
Balance outstanding at start of year 53,156 51,974
Amounts advanced - 1,182
Amounts repaid - -
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 53,156 53,156

11. RELATED PARTY DISCLOSURES

The company owns a 50% shareholding in Imperial Property Company (Liverpool) Limited, an associated company controlled by E Mahoney and D Mahoney.