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REGISTERED NUMBER: 01621544 (England and Wales)














Unaudited Financial Statements

for the Year Ended 31 March 2024

for

Hopewiser Limited

Hopewiser Limited (Registered number: 01621544)






Contents of the Financial Statements
for the Year Ended 31 March 2024




Page

Balance Sheet 1

Notes to the Financial Statements 2


Hopewiser Limited (Registered number: 01621544)

Balance Sheet
31 March 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 21,511 1,751,469

CURRENT ASSETS
Debtors 5 491,742 381,401
Investments 6 2,500 2,500
Cash at bank and in hand 3,832,531 3,581,603
4,326,773 3,965,504
CREDITORS
Amounts falling due within one year 7 1,290,099 1,193,625
NET CURRENT ASSETS 3,036,674 2,771,879
TOTAL ASSETS LESS CURRENT LIABILITIES 3,058,185 4,523,348

PROVISIONS FOR LIABILITIES 8 4,479 7,806
NET ASSETS 3,053,706 4,515,542

CAPITAL AND RESERVES
Called up share capital 9 76 76
Retained earnings 3,053,630 4,515,466
SHAREHOLDERS' FUNDS 3,053,706 4,515,542

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

The members have not required the company to obtain an audit of its financial statements for the year 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 Profit and Loss Account has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 7 October 2024 and were signed on its behalf by:




Mr D P Boxall - Director



Mr M J Goodwin - Director


Hopewiser Limited (Registered number: 01621544)

Notes to the Financial Statements
for the Year Ended 31 March 2024

1. STATUTORY INFORMATION

Hopewiser Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address are as below:

Registered number: 01621544

Registered office: 2 Merlin Court
Atlantic Street
Altrincham
Cheshire
WA14 5NL

The presentation currency of the financial statements is the Pound Sterling (£).


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.

Turnover
The turnover shown in the profit and loss account represents amounts invoiced during the year, exclusive of value added tax and is recognised in the period to which it relates .

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Fixtures and fittings - 20% on cost
Computer equipment - 25% on cost

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Profit and Loss Account, 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.

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 year 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.

Foreign currencies
Assets and liabilities and transactions for the year in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Exchange differences are taken into account in arriving at the operating result.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 27 (2023 - 26 ) .

Hopewiser Limited (Registered number: 01621544)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2024

4. TANGIBLE FIXED ASSETS
Fixtures
Land and and Computer
buildings fittings equipment Totals
£    £    £    £   
COST
At 1 April 2023 1,700,000 177,739 482,467 2,360,206
Additions - 5,173 4,868 10,041
Disposals (1,700,000 ) - (149,420 ) (1,849,420 )
At 31 March 2024 - 182,912 337,915 520,827
DEPRECIATION
At 1 April 2023 - 174,705 434,032 608,737
Charge for year - 1,465 38,534 39,999
Eliminated on disposal - - (149,420 ) (149,420 )
At 31 March 2024 - 176,170 323,146 499,316
NET BOOK VALUE
At 31 March 2024 - 6,742 14,769 21,511
At 31 March 2023 1,700,000 3,034 48,435 1,751,469

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 327,257 247,280
Other debtors 164,485 134,121
491,742 381,401

6. CURRENT ASSET INVESTMENTS
2024 2023
£    £   
Other unlisted investments 2,500 2,500

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade creditors 150,600 105,441
Taxation and social security 227,709 216,169
Other creditors 911,790 872,015
1,290,099 1,193,625

8. PROVISIONS FOR LIABILITIES
2024 2023
£    £   
Deferred tax 4,479 7,806

Hopewiser Limited (Registered number: 01621544)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2024

8. PROVISIONS FOR LIABILITIES - continued

Deferred
tax
£   
Balance at 1 April 2023 7,806
Credit to Profit and Loss Account during year (3,327 )
Balance at 31 March 2024 4,479

9. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
76 Ordinary £1 76 76

10. ULTIMATE CONTROLLING PARTY

The company is a wholly owned subsidiary of Hopewiser Holding Group Limited.

11. FINANCIAL STATEMENTS

The financial statements comprise the results of the UK company and its branch in Australia. The accounts of the Australian branch are translated at the rate of 1 Australian Dollar to £0.51543, being the average Bid price at close of business on 31 March 2024. Exchange rate differences are accounted for in the Profit and Loss for the year.