Acorah Software Products - Accounts Production 15.0.600 false true 31 December 2022 1 January 2022 false 1 January 2023 31 December 2023 31 December 2023 06932897 Mr David Rose iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 06932897 2022-12-31 06932897 2023-12-31 06932897 2023-01-01 2023-12-31 06932897 frs-core:CurrentFinancialInstruments 2023-12-31 06932897 frs-core:Non-currentFinancialInstruments 2023-12-31 06932897 frs-core:CapitalRedemptionReserve 2023-12-31 06932897 frs-core:ShareCapital 2023-12-31 06932897 frs-core:RetainedEarningsAccumulatedLosses 2023-12-31 06932897 frs-bus:PrivateLimitedCompanyLtd 2023-01-01 2023-12-31 06932897 frs-bus:FilletedAccounts 2023-01-01 2023-12-31 06932897 frs-bus:SmallEntities 2023-01-01 2023-12-31 06932897 frs-bus:AuditExempt-NoAccountantsReport 2023-01-01 2023-12-31 06932897 frs-bus:SmallCompaniesRegimeForAccounts 2023-01-01 2023-12-31 06932897 frs-bus:Director1 2023-01-01 2023-12-31 06932897 frs-countries:EnglandWales 2023-01-01 2023-12-31 06932897 2021-12-31 06932897 2022-12-31 06932897 2022-01-01 2022-12-31 06932897 frs-core:CurrentFinancialInstruments 2022-12-31 06932897 frs-core:Non-currentFinancialInstruments 2022-12-31 06932897 frs-core:CapitalRedemptionReserve 2022-12-31 06932897 frs-core:ShareCapital 2022-12-31 06932897 frs-core:RetainedEarningsAccumulatedLosses 2022-12-31
Registered number: 06932897
Hophouse Partnership Limited
Unaudited Financial Statements
For The Year Ended 31 December 2023
GMS FC Limited
1 London Road
Ipswich
Suffolk
IP1 2HA
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—4
Page 1
Balance Sheet
Registered number: 06932897
2023 2022
Notes £ £ £ £
CURRENT ASSETS
Debtors 4 250,000 300,000
Investments 5 1,200 1,200
Cash at bank and in hand 175,568 150,913
426,768 452,113
Creditors: Amounts Falling Due Within One Year 6 (73,499 ) (1,680 )
NET CURRENT ASSETS (LIABILITIES) 353,269 450,433
TOTAL ASSETS LESS CURRENT LIABILITIES 353,269 450,433
Creditors: Amounts Falling Due After More Than One Year 7 (350,079 ) (450,079 )
NET ASSETS 3,190 354
CAPITAL AND RESERVES
Called up share capital 8 250 250
Capital redemption reserve 750 750
Profit and Loss Account 2,190 (646 )
SHAREHOLDERS' FUNDS 3,190 354
Page 1
Page 2
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.
The member has not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
On behalf of the board
Mr David Rose
Director
19th September 2024
The notes on pages 3 to 4 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
Hophouse Partnership Limited is a private company, limited by shares, incorporated in England & Wales, registered number 06932897 . The registered office is 1 Kolo Walk, Colchester, Essex, CO4 6ER.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
2.2. Taxation
Income tax expense represents the sum of the tax currently payable and deferred tax.
The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the statement of comprehensive income because of items of income or expense that are taxable or deductible in other years and items that are never taxable or deductible. The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.
Deferred tax is recognised on timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. Deferred tax liabilities are generally recognised for all taxable timing differences. Deferred tax assets are generally recognised for all deductible temporary differences to the extent that it is probable that taxable profits will be available against which those deductible timing differences can be utilised. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered.
Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period. Deferred tax liabilities are presented within provisions for liabilities and deferred tax assets within debtors. The measurement of deferred tax liabilities and assets reflect the tax consequences that would follow from the manner in which the Company expects, at the end of the reporting period, to recover or settle the carrying amount of its assets and liabilities.
Current or deferred tax for the year is recognised in profit or loss, except when they related to items that are recognised in other comprehensive income or directly in equity, in which case, the current and deferred tax is also recognised in other comprehensive income or directly in equity respectively.
3. Average Number of Employees
Average number of employees, including directors, during the year was: NIL (2022: NIL)
- -
4. Debtors
2023 2022
£ £
Due within one year
NC Office loan account 140,000 200,000
Alana Lucien loan account 110,000 100,000
250,000 300,000
5. Current Asset Investments
2023 2022
£ £
Listed investments 1,200 1,200
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Page 4
6. Creditors: Amounts Falling Due Within One Year
2023 2022
£ £
Corporation tax 425 -
Other creditors 1,320 1,320
Accruals and deferred income 360 360
Director's loan account 71,394 -
73,499 1,680
7. Creditors: Amounts Falling Due After More Than One Year
2023 2022
£ £
Amounts owed to group undertakings 350,079 450,079
8. Share Capital
2023 2022
£ £
Allotted, Called up and fully paid 250 250
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