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REGISTERED NUMBER: 12767360 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024

FOR

HOPEWELL SALES LIMITED

HOPEWELL SALES LIMITED (REGISTERED NUMBER: 12767360)






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




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


HOPEWELL SALES 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: 12767360 (England and Wales)





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

HOPEWELL SALES LIMITED (REGISTERED NUMBER: 12767360)

BALANCE SHEET
31 MARCH 2024

31.3.24 31.3.23
Notes £    £   
FIXED ASSETS
Tangible assets 4 769 6,497

CURRENT ASSETS
Debtors 5 30,087 19,003
Cash at bank 1,317 4,465
31,404 23,468
CREDITORS
Amounts falling due within one year 6 (114,905 ) (83,415 )
NET CURRENT LIABILITIES (83,501 ) (59,947 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

(82,732

)

(53,450

)

CAPITAL AND RESERVES
Called up share capital 7 100 100
Retained earnings (82,832 ) (53,550 )
SHAREHOLDERS' FUNDS (82,732 ) (53,450 )

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 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 SALES LIMITED (REGISTERED NUMBER: 12767360)

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

1. STATUTORY INFORMATION

Hopewell Sales 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.

At the year end the company's liabilities exceeded its assets. The ability to continue trading is dependent on the willingness of the directors to continue to extend finance to the company which they are willing and able to do and have indicated that they will continue to do so for a period of at least 12 months from the date of signature of these financial statements.

Turnover
Turnover is represented by commissions receivable for services provided in the selling and marketing of properties. Turnover excludes value added tax and is recognised when the property is sold on legal completion,

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

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 SALES LIMITED (REGISTERED NUMBER: 12767360)

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.

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 1 (2023 - 1 ) .

4. TANGIBLE FIXED ASSETS
Fixtures,
fittings
and
equipment
£   
COST
At 1 April 2023 11,223
Disposals (9,547 )
At 31 March 2024 1,676
DEPRECIATION
At 1 April 2023 4,726
Charge for year 193
Eliminated on disposal (4,012 )
At 31 March 2024 907
NET BOOK VALUE
At 31 March 2024 769
At 31 March 2023 6,497

5. DEBTORS
31.3.24 31.3.23
£    £   
Amounts falling due within one year:
Other debtors 1,500 600
Directors' loan accounts 100 100
VAT 3,066 -
Prepayments and accrued income 300 495
4,966 1,195

HOPEWELL SALES LIMITED (REGISTERED NUMBER: 12767360)

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

5. DEBTORS - continued
31.3.24 31.3.23
£    £   
Amounts falling due after more than one year:
Deferred tax asset 25,121 17,808

Aggregate amounts 30,087 19,003

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Social security and other taxes 2,620 -
Other creditors 110,172 81,240
Accruals and deferred income 2,113 2,175
114,905 83,415

7. CALLED UP SHARE CAPITAL

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

8. OTHER FINANCIAL COMMITMENTS

At the period end the company had financial commitments which are not included in the balance sheet amounting to £nil (2023: £14,603).