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REGISTERED NUMBER: 10096294 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024

FOR

HOPEWELL SHORT LETS LIMITED

HOPEWELL SHORT LETS LIMITED (REGISTERED NUMBER: 10096294)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


HOPEWELL SHORT LETS LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 MARCH 2024







DIRECTORS: MAJ Hope
AC Kershaw





REGISTERED OFFICE: Hope Chapel House
Hope Chapel Hill
Bristol
BS8 4ND





REGISTERED NUMBER: 10096294 (England and Wales)





ACCOUNTANTS: Gordon Wood Scott & Partners Limited
Chartered Accountants
Dean House
94 Whiteladies Road
Clifton
Bristol
BS8 2QX

HOPEWELL SHORT LETS LIMITED (REGISTERED NUMBER: 10096294)

BALANCE SHEET
31 MARCH 2024

31.3.24 31.3.23
Notes £    £   
FIXED ASSETS
Tangible assets 4 60,341 45,480

CURRENT ASSETS
Debtors 5 795,631 718,749
Cash at bank and in hand 275,214 574,221
1,070,845 1,292,970
CREDITORS
Amounts falling due within one year 6 (648,824 ) (947,196 )
NET CURRENT ASSETS 422,021 345,774
TOTAL ASSETS LESS CURRENT
LIABILITIES

482,362

391,254

CREDITORS
Amounts falling due after more than one
year

7

(12,500

)

(44,319

)

PROVISIONS FOR LIABILITIES (9,561 ) (11,371 )
NET ASSETS 460,301 335,564

CAPITAL AND RESERVES
Called up share capital 8 100 100
Retained earnings 460,201 335,464
SHAREHOLDERS' FUNDS 460,301 335,564

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.

HOPEWELL SHORT LETS LIMITED (REGISTERED NUMBER: 10096294)

BALANCE SHEET - continued
31 MARCH 2024


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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 21 November 2024 and were signed on its behalf by:





MAJ Hope - Director


HOPEWELL SHORT LETS LIMITED (REGISTERED NUMBER: 10096294)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

1. STATUTORY INFORMATION

Hopewell Short Lets Limited 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.

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
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.
Short leasehold - 10 years or the term of lease if less
Fixtures, fittings and equipment - 20% on reducing balance and 5% straight line
Motor vehicles - 5% straight line

Financial instruments
The company only enters into basic financial instruments transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors.

Short term debtors are measured at transaction price less any impairment.

Short term creditors are measured at transaction price.

Cash is represented by deposits with financial institutions repayable without penalty on notice of not more than 24 hours.

Other financial liabilities, including borrowings are initially measured at fair value and subsequently measured at amortised cost using the effective interest rate method, with interest expense recognised on an effective yield basis.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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.


HOPEWELL SHORT LETS LIMITED (REGISTERED NUMBER: 10096294)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 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 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.

Hire purchase and leasing commitments
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

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 11 (2023 - 10 ) .

4. TANGIBLE FIXED ASSETS
Fixtures,
fittings
Short and Motor
leasehold equipment vehicles Totals
£    £    £    £   
COST
At 1 April 2023 - 4,992 77,299 82,291
Additions 44,011 4,580 - 48,591
Disposals - - (55,512 ) (55,512 )
At 31 March 2024 44,011 9,572 21,787 75,370
DEPRECIATION
At 1 April 2023 - 4,992 31,819 36,811
Charge for year 4,401 916 4,357 9,674
Eliminated on disposal - - (31,456 ) (31,456 )
At 31 March 2024 4,401 5,908 4,720 15,029
NET BOOK VALUE
At 31 March 2024 39,610 3,664 17,067 60,341
At 31 March 2023 - - 45,480 45,480

HOPEWELL SHORT LETS LIMITED (REGISTERED NUMBER: 10096294)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2024

4. TANGIBLE FIXED ASSETS - continued

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:
Motor
vehicles
£   
COST
At 1 April 2023 55,512
Disposals (55,512 )
At 31 March 2024 -
DEPRECIATION
At 1 April 2023 31,456
Eliminated on disposal (31,456 )
At 31 March 2024 -
NET BOOK VALUE
At 31 March 2024 -
At 31 March 2023 24,056

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Other debtors 487,484 453,287
Directors' current accounts 99,260 82,824
Prepayments and accrued income 208,887 182,638
795,631 718,749

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Bank loans and overdrafts 10,000 10,000
Hire purchase contracts - 4,009
Corporation tax 95,085 111,996
Social security and other taxes 5,620 848
VAT 49,447 42,606
Other creditors 425,658 272,439
Amounts held for clients - 488,414
Accruals and deferred income 63,014 16,884
648,824 947,196

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.3.24 31.3.23
£    £   
Bank loans - 2-5 years 12,500 22,500
Hire purchase contracts - 21,819
12,500 44,319

HOPEWELL SHORT LETS LIMITED (REGISTERED NUMBER: 10096294)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2024

8. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.3.24 31.3.23
value: £    £   
100 Ordinary £1 100 100

9. OTHER FINANCIAL COMMITMENTS

The total amount of commitments that are not included in the balance sheet are £2,164,015 (2023: £2,653,273). The commitments relate to rent payable in future periods up the expiry date of the leases.

10. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 31 March 2024 and 31 March 2023:

31.3.24 31.3.23
£    £   
MAJ Hope
Balance outstanding at start of year 64,028 100,580
Amounts advanced 110,108 63,448
Amounts repaid (100,000 ) (100,000 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 74,136 64,028

AC Kershaw
Balance outstanding at start of year 18,796 49,008
Amounts advanced 106,328 69,788
Amounts repaid (100,000 ) (100,000 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 25,124 18,796

11. RELATED PARTY DISCLOSURES

The directors owed £99,260 (2023: £82,824) to the company at the end of the year. The loans were repayable on demand and interest was charged during the year. The loans were repaid by the directors after the year end.