Silverfin false false 31/03/2024 01/04/2023 31/03/2024 Lisa Hurren 29/05/2015 Mark Terence Hurren 29/05/2015 28 August 2024 The principal activity of the Company during the financial year was management consultancy activities and
recruitment services.
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Company No: 09613334 (England and Wales)

HURREN & HOPE HOLDINGS LTD

Unaudited Financial Statements
For the financial year ended 31 March 2024
Pages for filing with the registrar

HURREN & HOPE HOLDINGS LTD

Unaudited Financial Statements

For the financial year ended 31 March 2024

Contents

HURREN & HOPE HOLDINGS LTD

COMPANY INFORMATION

For the financial year ended 31 March 2024
HURREN & HOPE HOLDINGS LTD

COMPANY INFORMATION (continued)

For the financial year ended 31 March 2024
DIRECTORS Lisa Hurren
Mark Terence Hurren
REGISTERED OFFICE C/O The Accountancy Partnership Suite 5
5th Floor
City Reach
5 Greenwich View Place
London
E14 9NN
United Kingdom
COMPANY NUMBER 09613334 (England and Wales)
CHARTERED ACCOUNTANTS Gascoynes
Gascoyne House
Moseleys Farm Business Centre
Fornham All Saints
Bury St Edmunds
Suffolk
IP28 6JY
HURREN & HOPE HOLDINGS LTD

BALANCE SHEET

As at 31 March 2024
HURREN & HOPE HOLDINGS LTD

BALANCE SHEET (continued)

As at 31 March 2024
Note 2024 2023
£ £
Fixed assets
Tangible assets 3 45,900 61,199
Investments 4 100 200
46,000 61,399
Current assets
Debtors 5 42,307 51,522
Cash at bank and in hand 44,616 27,502
86,923 79,024
Creditors: amounts falling due within one year 6 ( 93,698) ( 121,756)
Net current liabilities (6,775) (42,732)
Total assets less current liabilities 39,225 18,667
Creditors: amounts falling due after more than one year 7 ( 38,947) ( 44,249)
Net assets/(liabilities) 278 ( 25,582)
Capital and reserves
Called-up share capital 8 100 100
Profit and loss account 178 ( 25,682 )
Total shareholders' funds/(deficit) 278 ( 25,582)

For the financial year ending 31 March 2024 the Company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

The financial statements of Hurren & Hope Holdings Ltd (registered number: 09613334) were approved and authorised for issue by the Board of Directors on 28 August 2024. They were signed on its behalf by:

Mark Terence Hurren
Director
HURREN & HOPE HOLDINGS LTD

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 31 March 2024
HURREN & HOPE HOLDINGS LTD

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 31 March 2024
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

Hurren & Hope Holdings Ltd (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 C/O The Accountancy Partnership Suite 5, 5th Floor, City Reach, 5 Greenwich View Place, London, E14 9NN, 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 £.

Going concern

The directors have assessed the Balance Sheet and likely future cash flows at the date of approving these financial statements. The directors have a reasonable expectation that the Company has adequate resources to continue in operational existence and to meet its financial obligations as they fall due for at least 12 months from the date of signing these financial statements. Accordingly, they continue to adopt the going concern basis in preparing the financial statements.

Foreign currency

Transactions in foreign currencies are recorded at the rate of exchange at the date of the transaction. Monetary assets and liabilities denominated in foreign currencies at the Balance Sheet date are reported at the rates of exchange prevailing at that date.

Exchange differences are recognised in the Statement of Income and Retained Earnings in the period in which they arise except for exchange differences arising on gains or losses on non-monetary items which are recognised in the Statement of Comprehensive Income.

Turnover

Turnover is stated net of VAT and trade discounts and is recognised when the significant risks and rewards are considered to have been transferred to the buyer. Turnover from the supply of services represents the value of services provided under contracts to the extent that there is a right to consideration and is recorded at the fair value of the consideration received or receivable. Where a contract has only been partially completed at the Balance Sheet date turnover represents the fair value of the service provided to date based on the stage of completion of the contract activity at the Balance Sheet date. Where payments are received from customers in advance of services provided, the amounts are recorded as deferred income and included as part of creditors due within one year.

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 current tax rates and laws. Deferred tax assets and liabilities are not discounted.

The carrying amount of deferred tax assets are reviewed at each reporting date and a valuation allowance is set up against deferred tax assets so that the net carrying amount equals the highest amount that is more likely than not to be recovered based on current or future taxable profit.

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 straight-line or reducing balance basis over its expected useful life, as follows:

Leasehold improvements 25 % reducing balance
Plant and machinery 25 % reducing balance
Vehicles 25 % reducing balance
Office equipment 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.

The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to profit or loss.

Impairment of assets

Assets, other than those measured at fair value, are assessed for indicators of impairment at each Balance Sheet date. If there is objective evidence of impairment, an impairment loss is recognised in the Statement of Income and Retained Earnings as described below.

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.

2. Employees

2024 2023
Number Number
Monthly average number of persons employed by the Company during the year, including directors 4 10

3. Tangible assets

Leasehold improve-
ments
Plant and machinery Vehicles Office equipment Total
£ £ £ £ £
Cost
At 01 April 2023 3,493 13,671 63,031 7,064 87,259
At 31 March 2024 3,493 13,671 63,031 7,064 87,259
Accumulated depreciation
At 01 April 2023 1,528 5,684 15,758 3,090 26,060
Charge for the financial year 491 1,997 11,818 993 15,299
At 31 March 2024 2,019 7,681 27,576 4,083 41,359
Net book value
At 31 March 2024 1,474 5,990 35,455 2,981 45,900
At 31 March 2023 1,965 7,987 47,273 3,974 61,199

4. Fixed asset investments

Investments in subsidiaries

2024
£
Cost
At 01 April 2023 200
At 31 March 2024 200
Provisions for impairment
At 01 April 2023 0
Disposals 100
At 31 March 2024 100
Carrying value at 31 March 2024 100
Carrying value at 31 March 2023 200

5. Debtors

2024 2023
£ £
Trade debtors 40,804 18,273
Corporation tax 0 9,751
Other debtors 1,503 23,498
42,307 51,522

6. Creditors: amounts falling due within one year

2024 2023
£ £
Trade creditors 0 ( 1,823)
Amounts owed to own subsidiaries 973 59,938
Taxation and social security 38,098 37,327
Obligations under finance leases and hire purchase contracts 5,855 5,238
Other creditors 48,772 21,076
93,698 121,756

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

2024 2023
£ £
Obligations under finance leases and hire purchase contracts 38,947 44,249

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

8. Called-up share capital

2024 2023
£ £
Allotted, called-up and fully-paid
100 Ordinary shares of £ 1.00 each 100 100

9. Related party transactions

Transactions with the entity's directors

2024 2023
£ £
Amounts owed to directors 39,918 (10,735)