Silverfin false false 31/10/2023 01/11/2022 31/10/2023 Mr W A Hopton 12/02/2016 31 July 2024 The principal activity of the Company during the financial year is development of building projects. 10002595 2023-10-31 10002595 bus:Director1 2023-10-31 10002595 2022-10-31 10002595 core:CurrentFinancialInstruments 2023-10-31 10002595 core:CurrentFinancialInstruments 2022-10-31 10002595 core:Non-currentFinancialInstruments 2023-10-31 10002595 core:Non-currentFinancialInstruments 2022-10-31 10002595 core:ShareCapital 2023-10-31 10002595 core:ShareCapital 2022-10-31 10002595 core:RetainedEarningsAccumulatedLosses 2023-10-31 10002595 core:RetainedEarningsAccumulatedLosses 2022-10-31 10002595 core:PlantMachinery 2022-10-31 10002595 core:Vehicles 2022-10-31 10002595 core:PlantMachinery 2023-10-31 10002595 core:Vehicles 2023-10-31 10002595 core:RemainingRelatedParties core:CurrentFinancialInstruments 2023-10-31 10002595 core:RemainingRelatedParties core:CurrentFinancialInstruments 2022-10-31 10002595 bus:OrdinaryShareClass1 2023-10-31 10002595 2022-11-01 2023-10-31 10002595 bus:FilletedAccounts 2022-11-01 2023-10-31 10002595 bus:SmallEntities 2022-11-01 2023-10-31 10002595 bus:AuditExemptWithAccountantsReport 2022-11-01 2023-10-31 10002595 bus:PrivateLimitedCompanyLtd 2022-11-01 2023-10-31 10002595 bus:Director1 2022-11-01 2023-10-31 10002595 core:PlantMachinery 2022-11-01 2023-10-31 10002595 core:Vehicles 2022-11-01 2023-10-31 10002595 2021-11-01 2022-10-31 10002595 core:Non-currentFinancialInstruments 2022-11-01 2023-10-31 10002595 bus:OrdinaryShareClass1 2022-11-01 2023-10-31 10002595 bus:OrdinaryShareClass1 2021-11-01 2022-10-31 iso4217:GBP xbrli:pure xbrli:shares

Company No: 10002595 (England and Wales)

HOPTON & SON LIMITED

Unaudited Financial Statements
For the financial year ended 31 October 2023
Pages for filing with the registrar

HOPTON & SON LIMITED

Unaudited Financial Statements

For the financial year ended 31 October 2023

Contents

HOPTON & SON LIMITED

COMPANY INFORMATION

For the financial year ended 31 October 2023
HOPTON & SON LIMITED

COMPANY INFORMATION (continued)

For the financial year ended 31 October 2023
DIRECTOR Mr W A Hopton
REGISTERED OFFICE 41 Park Lane
Exeter
EX4 9HL
United Kingdom
COMPANY NUMBER 10002595 (England and Wales)
CHARTERED ACCOUNTANTS Francis Clark LLP
Centenary House
Peninsula Park
Rydon Lane
Exeter
Devon EX2 7XE
HOPTON & SON LIMITED

BALANCE SHEET

As at 31 October 2023
HOPTON & SON LIMITED

BALANCE SHEET (continued)

As at 31 October 2023
Note 2023 2022
£ £
Fixed assets
Tangible assets 3 31,949 47,949
31,949 47,949
Current assets
Stocks 4 0 300,000
Debtors 5 384,567 773
Cash at bank and in hand 856 111,455
385,423 412,228
Creditors: amounts falling due within one year 6 ( 166,709) ( 260,125)
Net current assets 218,714 152,103
Total assets less current liabilities 250,663 200,052
Creditors: amounts falling due after more than one year 7 ( 22,659) ( 34,011)
Provision for liabilities ( 4,000) ( 3,400)
Net assets 224,004 162,641
Capital and reserves
Called-up share capital 8 100 100
Profit and loss account 223,904 162,541
Total shareholders' funds 224,004 162,641

For the financial year ending 31 October 2023 the Company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

The financial statements of Hopton & Son Limited (registered number: 10002595) were approved and authorised for issue by the Director on 31 July 2024. They were signed on its behalf by:

Mr W A Hopton
Director
HOPTON & SON LIMITED

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 31 October 2023
HOPTON & SON LIMITED

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 31 October 2023
1. Accounting policies

The principal accounting policies are summarised below. They have all been applied consistently throughout the financial year and to the preceding financial year, unless otherwise stated.

General information and basis of accounting

Hopton & Son Limited (the Company) is a private company, limited by shares, incorporated in the United Kingdom under the Companies Act 2006 and is registered in England and Wales. The address of the Company's registered office is 41 Park Lane, Exeter, EX4 9HL, United Kingdom.

The financial statements have been prepared under the historical cost convention, modified to include certain items at fair value, and in accordance with Section 1A of Financial Reporting Standard 102 (FRS 102) ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland’ issued by the Financial Reporting Council and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.

The financial statements are presented in pounds sterling which is the functional currency of the Company and rounded to the nearest £.

Taxation

Current tax
Current tax is provided at amounts expected to be paid (or recoverable) using the tax rates and laws that have been enacted or substantively enacted at the Balance Sheet date.

Deferred tax
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the Company's financial statements. Deferred tax is provided in full on timing differences which result in an obligation to pay more or less tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on tax rates and laws substantively enacted at the balance sheet date. Deferred tax assets and liabilities are not discounted.

Tangible fixed assets

Tangible fixed assets are stated at cost or valuation, net of depreciation and any provision for impairment. Depreciation is provided on all tangible fixed assets, other than investment property and freehold land, at rates calculated to write off the cost or valuation, less estimated residual value, of each asset on a reducing balance basis over its expected useful life, as follows:

Plant and machinery 25 % reducing balance
Vehicles 25 % reducing balance

Residual value represents the estimated amount which would currently be obtained from disposal of an asset, after deducting estimated costs of disposal, if the asset were already of the age and in the condition expected at the end of its useful life.

Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to sell, which is equivalent to the net realisable value. Cost is calculated using the FIFO (first-in, first-out) method. Provision is made for obsolete, slow-moving or defective items where appropriate.

Financial instruments

Financial assets and financial liabilities are recognised when the Company becomes a party to the contractual provisions of the instrument.

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the Company after deducting all of its liabilities.

Financial assets and liabilities are only offset in the Balance Sheet when, and only when there exists a legally enforceable right to set off the recognised amounts and the Company intends either to settle on a net basis, or to realise the asset and settle the liability simultaneously.

Basic financial assets
Basic financial assets receivable within one year, such as trade debtors and bank balances, are measured at transaction price less any impairment.

Basic financial assets receivable within more than one year are measured at amortised cost less any impairment.

Basic financial liabilities
Basic financial liabilities that have no stated interest rate and are payable within one year, such as trade creditors, are measured at transaction price.

Other basic financial liabilities are measured at amortised cost.

2. Employees

2023 2022
Number Number
Monthly average number of persons employed by the Company during the year, including the director 0 2

3. Tangible assets

Plant and machinery Vehicles Total
£ £ £
Cost
At 01 November 2022 3,009 64,788 67,797
Disposals 0 ( 22,548) ( 22,548)
At 31 October 2023 3,009 42,240 45,249
Accumulated depreciation
At 01 November 2022 1,770 18,078 19,848
Charge for the financial year 310 10,340 10,650
Disposals 0 ( 17,198) ( 17,198)
At 31 October 2023 2,080 11,220 13,300
Net book value
At 31 October 2023 929 31,020 31,949
At 31 October 2022 1,239 46,710 47,949

4. Stocks

2023 2022
£ £
Work in progress 0 300,000

5. Debtors

2023 2022
£ £
Trade debtors 383,945 0
Other debtors 622 773
384,567 773

6. Creditors: amounts falling due within one year

2023 2022
£ £
Bank loans 10,253 9,027
Trade creditors 0 2,163
Amounts owed to related parties 73,798 154,099
Corporation tax 15,300 30,300
Other creditors 67,358 64,536
166,709 260,125

7. Creditors: amounts falling due after more than one year

2023 2022
£ £
Bank loans 22,659 34,011

There are no amounts included above in respect of which any security has been given.

8. Called-up share capital

2023 2022
£ £
Allotted, called-up and fully-paid
100 Ordinary shares of £ 1.00 each 100 100

9. Related party transactions

Transactions with owners holding a participating interest in the entity

2023 2022
£ £
Amounts owed to Wayne Hopton Limited 73,798 154,099

During the year, a loan existed between Wayne Hopton Limited and Hopton & Son Limited. No interest was charged and the balance is repayable on demand.