IRIS Accounts Production v24.1.9.2 13089477 Board of Directors 1.1.23 31.3.24 31.3.24 false true false false false true false iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh130894772022-12-31130894772024-03-31130894772023-01-012024-03-31130894772021-12-31130894772022-01-012022-12-31130894772022-12-3113089477ns15:EnglandWales2023-01-012024-03-3113089477ns14:PoundSterling2023-01-012024-03-3113089477ns10:Director12023-01-012024-03-3113089477ns10:PrivateLimitedCompanyLtd2023-01-012024-03-3113089477ns10:SmallEntities2023-01-012024-03-3113089477ns10:AuditExempt-NoAccountantsReport2023-01-012024-03-3113089477ns10:SmallCompaniesRegimeForDirectorsReport2023-01-012024-03-3113089477ns10:SmallCompaniesRegimeForAccounts2023-01-012024-03-3113089477ns10:FullAccounts2023-01-012024-03-311308947712023-01-012024-03-3113089477ns10:Director22023-01-012024-03-3113089477ns10:Director42023-01-012024-03-3113089477ns10:Director52023-01-012024-03-3113089477ns10:Director62023-01-012024-03-3113089477ns10:Director72023-01-012024-03-3113089477ns10:RegisteredOffice2023-01-012024-03-3113089477ns5:CurrentFinancialInstruments2024-03-3113089477ns5:CurrentFinancialInstruments2022-12-3113089477ns5:Non-currentFinancialInstruments2024-03-3113089477ns5:Non-currentFinancialInstruments2022-12-3113089477ns5:ShareCapital2024-03-3113089477ns5:ShareCapital2022-12-3113089477ns5:RetainedEarningsAccumulatedLosses2024-03-3113089477ns5:RetainedEarningsAccumulatedLosses2022-12-3113089477ns5:ComputerSoftware2023-01-012024-03-3113089477ns5:LongLeaseholdAssetsns5:LandBuildings2023-01-012024-03-3113089477ns5:FurnitureFittings2023-01-012024-03-3113089477ns5:MotorVehicles2023-01-012024-03-3113089477ns5:ComputerEquipment2023-01-012024-03-3113089477ns5:ComputerSoftware2024-03-3113089477ns5:LongLeaseholdAssetsns5:LandBuildings2024-03-3113089477ns5:FurnitureFittings2024-03-3113089477ns5:MotorVehicles2024-03-3113089477ns5:ComputerEquipment2024-03-3113089477ns5:CurrentFinancialInstrumentsns5:WithinOneYear2024-03-3113089477ns5:CurrentFinancialInstrumentsns5:WithinOneYear2022-12-3113089477ns5:Non-currentFinancialInstrumentsns5:BetweenOneTwoYears2024-03-3113089477ns5:Non-currentFinancialInstrumentsns5:BetweenOneTwoYears2022-12-3113089477ns5:Non-currentFinancialInstrumentsns5:BetweenTwoFiveYears2024-03-3113089477ns5:Non-currentFinancialInstrumentsns5:BetweenTwoFiveYears2022-12-3113089477ns5:WithinOneYear2024-03-3113089477ns5:WithinOneYear2022-12-3113089477ns5:BetweenOneFiveYears2024-03-3113089477ns5:BetweenOneFiveYears2022-12-3113089477ns5:MoreThanFiveYears2024-03-3113089477ns5:MoreThanFiveYears2022-12-3113089477ns5:AllPeriods2024-03-3113089477ns5:AllPeriods2022-12-31
REGISTERED NUMBER: 13089477 (England and Wales)





HOPKINS SOLICITORS LTD

UNAUDITED FINANCIAL STATEMENTS

FOR THE PERIOD 1 JANUARY 2023 TO 31 MARCH 2024






HOPKINS SOLICITORS LTD (REGISTERED NUMBER: 13089477)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE PERIOD 1 JANUARY 2023 TO 31 MARCH 2024










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


HOPKINS SOLICITORS LTD

COMPANY INFORMATION
FOR THE PERIOD 1 JANUARY 2023 TO 31 MARCH 2024







DIRECTORS: Mr T W Stendall
Mr M C Knox
Mr P J Todd
Ms C M Lowe
Miss R D Jackson
Mr C P Wright





REGISTERED OFFICE: Eden Court
Crow Hill Drive
Mansfield
Nottinghamshire
NG19 7AE





REGISTERED NUMBER: 13089477 (England and Wales)





ACCOUNTANTS: ApC
Chartered Accountants
7 St John Street
Mansfield
Nottinghamshire
NG18 1QH

HOPKINS SOLICITORS LTD (REGISTERED NUMBER: 13089477)

BALANCE SHEET
31 MARCH 2024

2024 2022
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 33,898 -
Tangible assets 5 189,002 -
222,900 -

CURRENT ASSETS
Debtors 6 2,618,127 100
Cash at bank and in hand 321,281 -
2,939,408 100
CREDITORS
Amounts falling due within one year 7 837,797 -
NET CURRENT ASSETS 2,101,611 100
TOTAL ASSETS LESS CURRENT
LIABILITIES

2,324,511

100

CREDITORS
Amounts falling due after more than one
year

8

(1,792,233

)

-

PROVISIONS FOR LIABILITIES (23,000 ) -
NET ASSETS 509,278 100

CAPITAL AND RESERVES
Called up share capital 10 60,007 100
Retained earnings 449,271 -
SHAREHOLDERS' FUNDS 509,278 100

HOPKINS SOLICITORS LTD (REGISTERED NUMBER: 13089477)

BALANCE SHEET - continued
31 MARCH 2024


The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the period ended 31 March 2024.

The members have not required the company to obtain an audit of its financial statements for the period ended 31 March 2024 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.

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 17 September 2024 and were signed on its behalf by:





Mr M C Knox - Director


HOPKINS SOLICITORS LTD (REGISTERED NUMBER: 13089477)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD 1 JANUARY 2023 TO 31 MARCH 2024


1. STATUTORY INFORMATION

Hopkins Solicitors Ltd 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.

Significant judgements and estimates
The preparation of the financial statements requires the directors to make judgements, estimates and assumptions that affect the amounts reported for assets and liabilities as at the reporting date and the amounts reported for revenues and expenses during the year. However, the nature of estimation means that actual outcomes could differ from those estimates. The following judgements (apart from those involving estimates) have had the most significant effect on amounts recognised in the financial statements.

Conditional fee arrangements on personal injury cases require a favourable outcome preceding payment for legal services plus any percentage success fees; the members assume "no win no fee" as at the balance sheet date.

The financial statement includes estimations that assume the historical results can project the future expectations regarding the recognition of revenue at the balance sheet date and within in the next financial year.

Amounts recoverable on legal service contracts are calculated on a basis in line with the legal service type; wills, conveyancing, family, commercial, probate and either the estimated stage of completion for fixed fee arrangements or the historical results percentage is applied to calculate the total carrying value as at the reporting date.

HOPKINS SOLICITORS LTD (REGISTERED NUMBER: 13089477)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE PERIOD 1 JANUARY 2023 TO 31 MARCH 2024


2. ACCOUNTING POLICIES - continued

Turnover
Turnover represents the value excluding Value Added Tax, of legal services supplied to customers during the year.

In respect of income received on fixed fee contracts, income is released into the profit and loss account in line with the stage of completion of the contract.
In respect of no win, no fee contracts, income is only released into the profit and loss account when a positive outcome to the case has been agreed.
In respect of any other legal services supplied to customers, all income is taken to profit and loss at the same point as the right to receive the consideration is acquired.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any impairment losses.

Computer software is being amortised on a 33% reducing balance basis.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Long leasehold - 10% straight line
Fixtures and fittings - 10% on reducing balance
Motor vehicles - 25% on reducing balance
Computer equipment - 33% straight line

Taxation
Taxation for the period 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.


HOPKINS SOLICITORS LTD (REGISTERED NUMBER: 13089477)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE PERIOD 1 JANUARY 2023 TO 31 MARCH 2024


2. ACCOUNTING POLICIES - continued
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 period 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.

Pension costs and other post-retirement benefits
Under the terms of the agreement between directors the company has a liability to make post retirement payments to directors after they have retired from the company.

Irrespective of the fact that the right to these payments accrues over the period in which the individual serves as a director the costs are recognised each year as the payments are made. These amounts are included in directors remuneration charged as an expense in the Profit and Loss Account.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the period was 89 (2022 - 6 ) .

4. INTANGIBLE FIXED ASSETS
Computer
software
£   
COST
Additions 50,836
At 31 March 2024 50,836
AMORTISATION
Amortisation for period 16,938
At 31 March 2024 16,938
NET BOOK VALUE
At 31 March 2024 33,898

HOPKINS SOLICITORS LTD (REGISTERED NUMBER: 13089477)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE PERIOD 1 JANUARY 2023 TO 31 MARCH 2024


5. TANGIBLE FIXED ASSETS
Fixtures
Long and Motor Computer
leasehold fittings vehicles equipment Totals
£    £    £    £    £   
COST OR VALUATION
Additions 148,502 10,007 418 64,271 223,198
Revaluations (75,487 ) 75,401 - 87 1
At 31 March 2024 73,015 85,408 418 64,358 223,199
DEPRECIATION
Charge for period 7,303 8,543 104 18,247 34,197
At 31 March 2024 7,303 8,543 104 18,247 34,197
NET BOOK VALUE
At 31 March 2024 65,712 76,865 314 46,111 189,002

Cost or valuation at 31 March 2024 is represented by:

Fixtures
Long and Motor Computer
leasehold fittings vehicles equipment Totals
£    £    £    £    £   
Valuation in 2023 (75,487 ) 75,401 - 87 1
Cost 148,502 10,007 418 64,271 223,198
73,015 85,408 418 64,358 223,199

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2022
£    £   
Trade debtors 1,310,900 -
Amounts recoverable on contract 955,533 -
Other debtors 1,428 100
Prepayments and accrued income 350,266 -
2,618,127 100

HOPKINS SOLICITORS LTD (REGISTERED NUMBER: 13089477)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE PERIOD 1 JANUARY 2023 TO 31 MARCH 2024


7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2022
£    £   
Bank loans and overdrafts 17,904 -
Other loans 243,123 -
Trade creditors 111,979 -
Corporation tax 161,108 -
Social security and other taxes 56,847 -
VAT 183,840 -
Accruals and deferred income 62,996 -
837,797 -

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2022
£    £   
Bank loans - 1-2 years 35,808 -
Bank loans - 2-5 years 26,856 -
Amounts owed to related parties 1,729,569 -
1,792,233 -

9. LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:
2024 2022
£    £   
Within one year 182,815 -
Between one and five years 450,067 -
In more than five years 273,652 -
906,534 -

HOPKINS SOLICITORS LTD (REGISTERED NUMBER: 13089477)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE PERIOD 1 JANUARY 2023 TO 31 MARCH 2024


10. CALLED UP SHARE CAPITAL

Number
allotted,
issued and
fully paid:



Class:



Nominal Value:



2024



2022
£ £

60,000 Ordinary £1 60,000 100
1 Ordinary A £1 1 -
1 Ordinary B £1 1 -
1 Ordinary C £1 1 -
1 Ordinary D £1 1 -
1 Ordinary E £1 1 -
1 Ordinary F £1 1 -
1 Ordinary G £1 1 -

11. RELATED PARTY DISCLOSURES

Directors remuneration in the period totalled £59,815 (2022: £Nil).

Companies with shareholding in Hopkins Solicitors Ltd provided loans to the company. At the balance sheet date, £1,729,569 (2022: £Nil) were owed to these related parties.