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REGISTERED NUMBER: 01943317 (England and Wales)















S & R HOPLEY LIMITED

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2023






S & R HOPLEY LIMITED (REGISTERED NUMBER: 01943317)

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


S & R HOPLEY LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 DECEMBER 2023







DIRECTORS: Mr R V Hopley
Mr R J Hopley





REGISTERED OFFICE: Halfhead Farm
Shallowford
Stone
Staffordshire
ST15 0PA





REGISTERED NUMBER: 01943317 (England and Wales)

S & R HOPLEY LIMITED (REGISTERED NUMBER: 01943317)

BALANCE SHEET
31 DECEMBER 2023

2023 2022
Notes £    £   
FIXED ASSETS
Intangible assets 4 4,298 6,447
Tangible assets 5 4,179,564 4,183,392
Investments 6 50 50
4,183,912 4,189,889

CURRENT ASSETS
Stocks 170,190 235,530
Debtors 7 852,173 724,641
Cash at bank 12,750 34,103
1,035,113 994,274
CREDITORS
Amounts falling due within one year 8 (543,013 ) (370,747 )
NET CURRENT ASSETS 492,100 623,527
TOTAL ASSETS LESS CURRENT LIABILITIES 4,676,012 4,813,416

CREDITORS
Amounts falling due after more than one
year

9

(1,505,644

)

(1,776,360

)

PROVISIONS FOR LIABILITIES (135,856 ) (133,389 )
NET ASSETS 3,034,512 2,903,667

CAPITAL AND RESERVES
Called up share capital 11 100 100
Retained earnings 3,034,412 2,903,567
SHAREHOLDERS' FUNDS 3,034,512 2,903,667

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.

S & R HOPLEY LIMITED (REGISTERED NUMBER: 01943317)

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 Profit and Loss Account has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 6 August 2024 and were signed on its behalf by:





Mr R J Hopley - Director


S & R HOPLEY LIMITED (REGISTERED NUMBER: 01943317)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023


1. STATUTORY INFORMATION

S & R Hopley 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 Section 1A "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

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

The significant accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all years presented unless otherwise stated.

Turnover
Sale of goods
Turnover from the sale of livestock, crops and wool is recognised when significant risks and rewards of ownership of the goods have transferred to the buyer, the amount of turnover can be measured reliably, it is probable that the economic benefits associated with the transaction will flow to the company and the costs incurred or to be incurred in respect of the transaction can be measured reliably. This is usually on dispatch of the goods.

Compensation
Income from compensation is recognised when received. The value received is based on either statutory loss of land from growing crops or temporary land take and disturbance.

Government Grants
Government grants are recognised at the fair value of the asset received or receivable when there is reasonable assurance that the company will comply with conditions attaching to them and the grants will be received using the accrual model.

Also included as government grants is the entitlement value of the Basic Payment Scheme which has been capitalised as an intangible asset.

Rent received
Rental income is recognised using the accrual model.

Intangible assets
Intangible assets acquired separately from a business are capitalised at cost. Intangible assets acquired on business combinations are capitalised separately from goodwill if the fair value can be measured reliably on initial recognition.

Intangible assets are amortised on a straight line basis over their useful lives. The useful lives of intangible assets are as follows:

Basic Payment Scheme entitlements - 6 years

Provision is made for any impairment.

S & R HOPLEY LIMITED (REGISTERED NUMBER: 01943317)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2023


2. ACCOUNTING POLICIES - continued

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.
Agricultural Buildings - 4 - 10% on reducing balance
Plant and machinery - 20% on reducing balance and 10% on reducing balance
Motor vehicles - 25% on reducing balance

Tangible fixed assets are stated at cost (or deemed cost) or valuation less accumulated depreciation and
accumulated impairment losses. Cost includes costs directly attributable to making the asset capable of
operating as intended.

Stocks
Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost includes all costs of purchase, costs of conversion and other costs incurred in bringing stock to its present location and condition. Deemed cost is used where actual cost is not accurately ascertainable. Provision is made for damaged, obsolete and slow-moving stock where appropriate.

Tax
Current tax represents the amount of tax payable or receivable in respect of the taxable profit for the current or past reporting periods. It is measured at the amount expected to be paid or recovered using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax represents the future tax consequences of transactions and events recognised in the financial statements of current and previous periods. It is recognised in respect of all timing differences, with certain exceptions. Timing differences are differences between taxable profits and total comprehensive income as stated in the financial statements that arise from the inclusion of income and expense in tax assessments in periods different from those in which they are recognised in the financial statements.

Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date that are expected to apply to the reversal of timing differences.

Leases
Assets acquired under finance leases are capitalised and depreciated over the shorter of the lease term and the expected useful life of the asset. Minimum lease payments are apportioned between the finance charge and the reduction of the outstanding lease liability using the effective interest method. The related obligations, net of future finance charges, are included in creditors

Debtors and creditors receivable / payable within one year
Debtors and creditors with no stated interest rate and receivable or payable within one year are recorded at transaction price. Any losses arising from impairment are recognised in the profit and loss account in other administrative expenses.

3. EMPLOYEES AND DIRECTORS

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

S & R HOPLEY LIMITED (REGISTERED NUMBER: 01943317)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2023


4. INTANGIBLE FIXED ASSETS
Other
intangible
assets
£   
COST
At 1 January 2023
and 31 December 2023 54,646
AMORTISATION
At 1 January 2023 48,199
Charge for year 2,149
At 31 December 2023 50,348
NET BOOK VALUE
At 31 December 2023 4,298
At 31 December 2022 6,447

5. TANGIBLE FIXED ASSETS
Plant and
Land and machinery
buildings etc Totals
£    £    £   
COST
At 1 January 2023 4,083,435 738,817 4,822,252
Additions - 47,384 47,384
At 31 December 2023 4,083,435 786,201 4,869,636
DEPRECIATION
At 1 January 2023 89,966 548,894 638,860
Charge for year 2,390 48,822 51,212
At 31 December 2023 92,356 597,716 690,072
NET BOOK VALUE
At 31 December 2023 3,991,079 188,485 4,179,564
At 31 December 2022 3,993,469 189,923 4,183,392

S & R HOPLEY LIMITED (REGISTERED NUMBER: 01943317)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2023


5. TANGIBLE FIXED ASSETS - continued

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:

Plant and
machinery
etc
£   
COST
At 1 January 2023
and 31 December 2023 131,350
DEPRECIATION
At 1 January 2023 36,499
Charge for year 18,970
At 31 December 2023 55,469
NET BOOK VALUE
At 31 December 2023 75,881
At 31 December 2022 94,851

6. FIXED ASSET INVESTMENTS
Other
investments
£   
COST
At 1 January 2023
and 31 December 2023 50
NET BOOK VALUE
At 31 December 2023 50
At 31 December 2022 50

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 661 15,202
SRH 2013 841,121 701,861
VAT 1,129 309
Prepayments 9,262 7,269
852,173 724,641

S & R HOPLEY LIMITED (REGISTERED NUMBER: 01943317)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2023


8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Other Loans - 20,956
Hire purchase contracts 15,060 15,050
Trade creditors 110,722 33,326
Tax 42,175 31,575
Social security and other taxes - 124
Directors' current accounts 365,054 259,937
Accruals 10,002 9,779
543,013 370,747

9. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2023 2022
£    £   
Bank loans - 2-5 years 1,505,644 1,761,300
Hire purchase contracts - 15,060
1,505,644 1,776,360

10. SECURED DEBTS

The following secured debts are included within creditors:

2023 2022
£    £   
Bank loans 1,505,644 1,761,300
Hire purchase contracts 15,060 30,110
1,520,704 1,791,410

Bank loans of £1,761,300 are secured with charges over land at Halfhead Farm and land at Walton Bank Farm.

11. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2023 2022
value: £    £   
100 Ordinary £1 100 100

12. RELATED PARTY DISCLOSURES

Group companies have bank loan arrangements which are secured on the assets of S & R Hopley Limited.