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REGISTERED NUMBER: 03587494 (England and Wales)















Unaudited Financial Statements for the Year Ended 30 November 2023

for

Hope Estates Limited

Hope Estates Limited (Registered number: 03587494)






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


Hope Estates Limited

Company Information
for the Year Ended 30 November 2023







DIRECTOR: Mr N Swift





REGISTERED OFFICE: 7 Brenkley Way
Blezard Business Park
Seaton Burn
Tyne and Wear
NE13 6DS





REGISTERED NUMBER: 03587494 (England and Wales)





ACCOUNTANTS: Douglas Shaw Limited
7 Brenkley Way
Blezard Business Park
Seaton Burn
Tyne and Wear
NE13 6DS

Hope Estates Limited (Registered number: 03587494)

Balance Sheet
30 November 2023

30.11.23 30.11.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 11,081,151 11,097,602
Investments 5 11,098,854 2,055,127
22,180,005 13,152,729

CURRENT ASSETS
Debtors 6 6,915,342 6,577,895
Cash at bank and in hand 731,657 177,917
7,646,999 6,755,812
CREDITORS
Amounts falling due within one year 7 606,662 1,290,255
NET CURRENT ASSETS 7,040,337 5,465,557
TOTAL ASSETS LESS CURRENT
LIABILITIES

29,220,342

18,618,286

CREDITORS
Amounts falling due after more than
one year

8

(26,628,884

)

(15,940,428

)

PROVISIONS FOR LIABILITIES (17,706 ) (24,617 )
NET ASSETS 2,573,752 2,653,241

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 2,573,652 2,653,141
SHAREHOLDERS' FUNDS 2,573,752 2,653,241

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.

Hope Estates Limited (Registered number: 03587494)

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 30 August 2024 and were signed by:





Mr N Swift - Director


Hope Estates Limited (Registered number: 03587494)

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

1. STATUTORY INFORMATION

Hope Estates 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.

The director having reviewed the status of the company believes with the activities it undertakes that it would be defined as a trading company rather than an investment company.

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.
Short leasehold - Over the term of the lease
Motor vehicles - 25% on reducing balance
Computer equipment - 33% on cost

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.

Hope Estates Limited (Registered number: 03587494)

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 3 (2022 - 6 ) .

4. TANGIBLE FIXED ASSETS
Freehold Short Motor Computer
property leasehold vehicles equipment Totals
£    £    £    £    £   
COST
At 1 December 2022 11,061,384 5,784 54,839 8,902 11,130,909
Disposals - - (19,699 ) - (19,699 )
At 30 November 2023 11,061,384 5,784 35,140 8,902 11,111,210
DEPRECIATION
At 1 December 2022 - 5,784 18,622 8,901 33,307
Charge for year - - 6,589 - 6,589
Eliminated on disposal - - (9,837 ) - (9,837 )
At 30 November 2023 - 5,784 15,374 8,901 30,059
NET BOOK VALUE
At 30 November 2023 11,061,384 - 19,766 1 11,081,151
At 30 November 2022 11,061,384 - 36,217 1 11,097,602

5. FIXED ASSET INVESTMENTS
Other
investments
£   
COST OR VALUATION
At 1 December 2022 2,055,127
Additions 9,151,103
Disposals (136,996 )
Revaluations 29,620
At 30 November 2023 11,098,854
NET BOOK VALUE
At 30 November 2023 11,098,854
At 30 November 2022 2,055,127

Hope Estates Limited (Registered number: 03587494)

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

5. FIXED ASSET INVESTMENTS - continued

Cost or valuation at 30 November 2023 is represented by:

Other
investments
£   
Valuation in 2021 326,121
Valuation in 2022 (236,826 )
Valuation in 2023 29,620
Cost 10,979,939
11,098,854

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.11.23 30.11.22
£    £   
Other debtors and prepayments 85,579 34,379
Amounts owed by related
undertakings

6,829,763

6,543,516
6,915,342 6,577,895

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.11.23 30.11.22
£    £   
Bank loans and overdrafts 365 414,000
Tax - 415,666
Social security and other taxes 467 1,342
Other creditors and accruals 505,830 459,247
Directors' loan accounts 100,000 -
606,662 1,290,255

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN
ONE YEAR
30.11.23 30.11.22
£    £   
Bank loans - 1-2 years 768,236 414,000
Bank loans - 2-5 years - 2,010,345
Bank loans more 5 yr by instal - 8,220,250
Bank loans more 5 yrs non-inst 25,860,648 5,295,833
26,628,884 15,940,428

Hope Estates Limited (Registered number: 03587494)

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

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR - continued
30.11.23 30.11.22
£    £   
Amounts falling due in more than five years:

Repayable otherwise than by instalments
Bank loans more 5 yrs non-inst 25,860,648 5,295,833

Repayable by instalments
Bank loans more 5 yr by instal - 8,220,250