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REGISTERED NUMBER: 11489736 (England and Wales)













Hopline Properties Limited

Unaudited Financial Statements

for the Year Ended 31 March 2024






Hopline Properties Limited (Registered number: 11489736)

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










Page

Company Information 1

Chartered Accountants' Report 2

Balance Sheet 3

Notes to the Financial Statements 5


Hopline Properties Limited

Company Information
for the Year Ended 31 March 2024







DIRECTORS: JM Samwells
CA Samwells





REGISTERED OFFICE: Little Tarrington Farm
Little Tarrington
Hereford
United Kingdom
HR1 4JA





REGISTERED NUMBER: 11489736 (England and Wales)





ACCOUNTANTS: The Hutchinson Partnership Limited
trading as The Hutchinson Partnership
Chartered Accountants
The Bull Pen
Grove Farm
Portway, Burghill
Hereford
HR4 8NF

Chartered Accountants' Report to the Board of Directors
on the Unaudited Financial Statements of
Hopline Properties Limited (Registered number: 11489736)


The following reproduces the text of the report prepared for the directors in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Profit and Loss Account and certain other primary statements and the Report of the Directors are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Hopline Properties Limited for the year ended 31 March 2024 which comprise the Profit and Loss Account, Balance Sheet, Statement of Changes in Equity and the 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 (ICAEW), we are subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the Board of Directors of Hopline Properties Limited, as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Hopline Properties Limited and state those matters that we have agreed to state to the Board of Directors of Hopline Properties Limited, as a body, in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Hopline Properties Limited and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that Hopline Properties 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 Hopline Properties Limited. You consider that Hopline Properties 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 Hopline Properties 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.






The Hutchinson Partnership Limited
trading as The Hutchinson Partnership
Chartered Accountants
The Bull Pen
Grove Farm
Portway, Burghill
Hereford
HR4 8NF


28 November 2024

Hopline Properties Limited (Registered number: 11489736)

Balance Sheet
31 March 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Investment property 4 400,000 400,000

CURRENT ASSETS
Debtors 5 429,750 128,744
Cash at bank 47,183 305,874
476,933 434,618
CREDITORS
Amounts falling due within one year 6 149,180 112,298
NET CURRENT ASSETS 327,753 322,320
TOTAL ASSETS LESS CURRENT
LIABILITIES

727,753

722,320

PROVISIONS FOR LIABILITIES 7 62,388 62,388
NET ASSETS 665,365 659,932

CAPITAL AND RESERVES
Allotted, issued and fully
paid share capital 200 200
Fair value reserve 187,165 187,165
Retained earnings 478,000 472,567
665,365 659,932

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.

Hopline Properties Limited (Registered number: 11489736)

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 Profit and Loss Account has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 25 November 2024 and were signed on its behalf by:





JM Samwells - Director


Hopline Properties Limited (Registered number: 11489736)

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


1. STATUTORY INFORMATION

Hopline Properties 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.

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 as modified by the revaluation of certain assets.

Going concern
The directors have considered the financial requirements of the company and consider that it will be able to operate within its agreed finance facilities for the next 12 months. The directors therefore consider it appropriate to prepare financial statements on the going concern basis.

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

Investment property
Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

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.

3. EMPLOYEES

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

Hopline Properties Limited (Registered number: 11489736)

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


4. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 April 2023
and 31 March 2024 400,000
NET BOOK VALUE
At 31 March 2024 400,000
At 31 March 2023 400,000

Fair value at 31 March 2024 is represented by:
£   
Valuation in 2020 49,553
Valuation in 2021 100,000
Valuation in 2022 100,000
Cost 150,447
400,000

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors - 1,850
Other debtors 429,750 39,750
Directors' current accounts - 85,977
Prepayments - 1,167
429,750 128,744

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Tax 1,529 104,719
Directors' current accounts 144,023 -
Accruals and deferred income 3,628 7,579
149,180 112,298

7. PROVISIONS FOR LIABILITIES
2024 2023
£    £   
Deferred tax
Investment property 62,388 62,388

Hopline Properties Limited (Registered number: 11489736)

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


7. PROVISIONS FOR LIABILITIES - continued

Deferred
tax
£   
Balance at 1 April 2023 62,388
Balance at 31 March 2024 62,388

8. RELATED PARTY DISCLOSURES

Included in debtors is a loan to a company under common control of £429,750 (2023: £39,750). This is interest free and repayable on demand. There was also an overdrawn directors' current accounts of £85,977 in the prior year. Interest was charged at 2% on the overdrawn balance and was repayable on demand.

Included in creditors are directors' current accounts of £144,023 (2023: £nil), this is interest free and repayable on demand.