3 0 0 01/01/2023 31/12/2023 2023-12-31 false false false false false false false true false false true false false false false false false false No description of principal activities is disclosed 2023-01-01 Sage Accounts Production 23.0 - FRS102_2023 xbrli:pure xbrli:shares iso4217:GBP 10726567 2023-01-01 2023-12-31 10726567 2023-12-31 10726567 2022-12-31 10726567 2022-01-01 2022-12-31 10726567 2022-12-31 10726567 2021-12-31 10726567 bus:RegisteredOffice 2023-01-01 2023-12-31 10726567 bus:LeadAgentIfApplicable 2023-01-01 2023-12-31 10726567 bus:Director1 2023-01-01 2023-12-31 10726567 bus:Director2 2023-01-01 2023-12-31 10726567 bus:Director3 2023-01-01 2023-12-31 10726567 core:WithinOneYear 2023-12-31 10726567 core:WithinOneYear 2022-12-31 10726567 core:RetainedEarningsAccumulatedLosses 2022-01-01 2022-12-31 10726567 core:RetainedEarningsAccumulatedLosses 2023-01-01 2023-12-31 10726567 bus:SmallEntities 2023-01-01 2023-12-31 10726567 bus:AuditExemptWithAccountantsReport 2023-01-01 2023-12-31 10726567 bus:SmallCompaniesRegimeForAccounts 2023-01-01 2023-12-31 10726567 bus:CompanyLimitedByGuarantee 2023-01-01 2023-12-31 10726567 bus:FullAccounts 2023-01-01 2023-12-31 10726567 core:ParentEntities 2023-01-01 2023-12-31 10726567 core:ParentEntities core:OtherTransactionType1 2023-01-01 2023-12-31 10726567 core:ParentEntities core:OtherTransactionType1 2022-01-01 2022-12-31 10726567 core:ParentEntities 2023-12-31 10726567 core:ParentEntities 2022-12-31
Company registration number: 10726567
Hope Publishing Limited
Company limited by guarantee
Unaudited filleted financial statements
31 December 2023
Hope Publishing Limited
Company limited by guarantee
Contents
Directors and other information
Statement of financial position
Statement of changes in equity
Notes to the financial statements
Hope Publishing Limited
Company limited by guarantee
Directors and other information
Directors Roy Crowne
Dr Rachel Jordan-Wolf
Rev Mark Greenwood (Appointed 1 January 2023)
Company number 10726567
Registered office The Basement Office
2 Fournier Street
London
E1 6QE
Business address The Basement Office
2 Fournier Street
London
E1 6QE
Accountants Clifford Towers
The Hall, Priory Hill
Rugby Road
Wolston
CV8 3FZ
Hope Publishing Limited
Company limited by guarantee
Statement of financial position
31 December 2023
2023 2022
Note £ £ £ £
Current assets
Stocks 38,708 45,320
Debtors 6 62,558 34,456
Cash at bank and in hand 86,571 339,258
_______ _______
187,837 419,034
Creditors: amounts falling due
within one year 7 ( 187,837) ( 419,034)
_______ _______
For the year ending 31 December 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Directors responsibilities:
- The member has not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476;
- The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
In accordance with section 444 of the Companies Act 2006, the statement of comprehensive income has not been delivered.
These financial statements were approved by the board of directors and authorised for issue on 12 September 2024 , and are signed on behalf of the board by:
Dr Rachel Jordan-Wolf
Director
Company registration number: 10726567
Hope Publishing Limited
Company limited by guarantee
Statement of changes in equity
Year ended 31 December 2023
Profit and loss account Total
£ £
At 1 January 2022 -
Profit for the year -
_______
Total comprehensive income for the year -
_______
At 31 December 2022 and 1 January 2023 -
Profit for the year -
_______
Total comprehensive income for the year -
_______
At 31 December 2023 -
_______
Hope Publishing Limited
Company limited by guarantee
Notes to the financial statements
Year ended 31 December 2023
1. General information
The company is a private company limited by guarantee, registered in England & Wales. The address of the registered office is The Basement Office, 2 Fournier Street, London, E1 6QE.
2. Statement of compliance
These financial statements have been prepared in compliance with the provisions of FRS 102, Section 1A, 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
3. Accounting policies
Basis of preparation
The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.
The financial statements are prepared in sterling, which is the functional currency of the entity.
Turnover
Turnover is measured at the fair value of the consideration received or receivable for goods supplied and services rendered, net of discounts and Value Added Tax.
Revenue from the sale of goods is recognised when the significant risks and rewards of ownership have transferred to the buyer (usually on despatch of the goods); the amount of revenue can be measured reliably; it is probable that the associated economic benefits will flow to the entity; and the costs incurred or to be incurred in respect of the transactions can be measured reliably.
Taxation
The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in the statement of comprehensive income, except to the extent that it relates to items recognised in other comprehensive income or directly in capital and reserves. In this case, tax is recognised in other comprehensive income or directly in capital and reserves, respectively. Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.
Deferred tax is recognised in respect of all timing differences at the reporting date. Unrelieved tax losses and other deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date that are expected to apply to the reversal of the timing difference.
Stocks
Stocks are measured 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 the stocks to their present location and condition.
Financial instruments
A financial asset or a financial liability is recognised only when the company becomes a party to the contractual provisions of the instrument. Basic financial instruments are initially recognised at the transaction price, unless the arrangement constitutes a financing transaction, where it is recognised at the present value of the future payments discounted at a market rate of interest for a similar debt instrument. Debt instruments are subsequently measured at amortised cost. Where investments in non-convertible preference shares and non-puttable ordinary shares or preference shares are publicly traded or their fair value can otherwise be measured reliably, the investment is subsequently measured at fair value with changes in fair value recognised in profit or loss. All other such investments are subsequently measured at cost less impairment. Other financial instruments, including derivatives, are initially recognised at fair value, unless payment for an asset is deferred beyond normal business terms or financed at a rate of interest that is not a market rate, in which case the asset is measured at the present value of the future payments discounted at a market rate of interest for a similar debt instrument. Other financial instruments are subsequently measured at fair value, with any changes recognised in profit or loss, with the exception of hedging instruments in a designated hedging relationship.
Financial assets that are measured at cost or amortised cost are reviewed for objective evidence of impairment at the end of each reporting date. If there is objective evidence of impairment, an impairment loss is recognised in profit or loss immediately. For all equity instruments regardless of significance, and other financial assets that are individually significant, these are assessed individually for impairment. Other financial assets or either assessed individually or grouped on the basis of similar credit risk characteristics. Any reversals of impairment are recognised in profit or loss immediately, to the extent that the reversal does not result in a carrying amount of the financial asset that exceeds what the carrying amount would have been had the impairment not previously been recognised.
4. Limited by guarantee
The company is limited by guarantee of members and does not have a share capital. The liability of members is limited to £10.
5. Employee numbers
The average number of persons employed by the company during the year amounted to 3 (2022: 3 ).
6. Debtors
2023 2022
£ £
Trade debtors 38,893 24,409
Other debtors 23,665 10,047
_______ _______
62,558 34,456
_______ _______
7. Creditors: amounts falling due within one year
2023 2022
£ £
Trade creditors 32,694 71,803
Amounts owed to group undertakings and undertakings in which the company has a participating interest 134,127 305,853
Corporation tax 4,822 4,822
Other creditors 16,194 36,556
_______ _______
187,837 419,034
_______ _______
8. Related party transactions
During the year the company entered into the following transactions with related parties:
Transaction value Balance owed by/(owed to)
2023 2022 2023 2022
£ £ £ £
Hope 08 Limited - profits donated 54,694 147,706 ( 75,256) ( 169,135)
_______ _______ _______ _______
The company is the 100% owned trading subsidiary of Hope 08 Limited, charity registration number 1116005. It gifts its profits to the charity each year.
Hope Publishing Limited
Company limited by guarantee
The following pages do not form part of the statutory accounts.
Hope Publishing Limited
Company limited by guarantee
Chartered accountants report to the board of directors on the preparation of the
unaudited statutory financial statements of Hope Publishing Limited
Year ended 31 December 2023
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Hope Publishing Limited for the year ended 31 December 2023 which comprise the statement of financial position, statement of changes in equity and related notes from the company's accounting records and from information and explanations you have given us.
As a practising member firm of the Institute of Chartered Accountants in England and Wales, we are subject to its ethical and other professional requirements which are detailed at http://www.icaew.com /en/members/regulations-standards-and-guidance/.
This report is made solely to the board of directors of Hope Publishing Limited, as a body, in accordance with the terms of our engagement letter. Our work has been undertaken solely to prepare for your approval the financial statements of Hope Publishing Limited and state those matters that we have agreed to state to the board of directors of Hope Publishing Limited as a body, in this report in accordance with ICAEW Technical Release 07/16 AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Hope Publishing Limited and its board of directors as a body for our work or for this report.
It is your duty to ensure that Hope Publishing Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Hope Publishing Limited. You consider that Hope Publishing Limited is exempt from the statutory audit requirement for the year.
We have not been instructed to carry out an audit or a review of the financial statements of Hope Publishing Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.
Clifford Towers
Chartered Accountants
The Hall, Priory Hill
Rugby Road
Wolston
CV8 3FZ
23 September 2024