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REGISTERED NUMBER: 09631374 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 JUNE 2024

FOR

HOPE INNS (SUSSEX) LIMITED

HOPE INNS (SUSSEX) LIMITED (REGISTERED NUMBER: 09631374)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


HOPE INNS (SUSSEX) LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 30 JUNE 2024







DIRECTORS: Ms D A Gilham-Hills
S F Hope
J Gilham-Hills





REGISTERED OFFICE: The Old Casino
28 Fourth Avenue
Hove
East Sussex
BN3 2PJ





REGISTERED NUMBER: 09631374 (England and Wales)





ACCOUNTANTS: Galloways Accounting (Hove) Limited
The Old Casino
28 Fourth Avenue
Hove
East Sussex
BN3 2PJ

HOPE INNS (SUSSEX) LIMITED (REGISTERED NUMBER: 09631374)

BALANCE SHEET
30 JUNE 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 3 18,614 23,267
Investments 4 21 27
18,635 23,294

CURRENT ASSETS
Stocks 5 190,489 190,489
Debtors 6 12,212 10,206
Cash at bank 74,613 77,209
277,314 277,904
CREDITORS
Amounts falling due within one year 7 76,187 78,655
NET CURRENT ASSETS 201,127 199,249
TOTAL ASSETS LESS CURRENT
LIABILITIES

219,762

222,543

CREDITORS
Amounts falling due after more than one
year

8

219,745

222,138
NET ASSETS 17 405

CAPITAL AND RESERVES
Called up share capital 4 4
Retained earnings 13 401
SHAREHOLDERS' FUNDS 17 405

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 June 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 June 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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 3 January 2025 and were signed on its behalf by:





S F Hope - Director


HOPE INNS (SUSSEX) LIMITED (REGISTERED NUMBER: 09631374)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2024

1. 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 represents net invoiced sales of services, excluding value added tax.

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

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

2. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2023 - 3 ) .

3. TANGIBLE FIXED ASSETS
Motor
vehicles
£   
COST
At 1 July 2023
and 30 June 2024 24,167
DEPRECIATION
At 1 July 2023 900
Charge for year 4,653
At 30 June 2024 5,553
NET BOOK VALUE
At 30 June 2024 18,614
At 30 June 2023 23,267

4. FIXED ASSET INVESTMENTS
Other
investments
£   
COST
At 1 July 2023 27
Impairments (6 )
At 30 June 2024 21
NET BOOK VALUE
At 30 June 2024 21
At 30 June 2023 27

5. STOCKS
2024 2023
£    £   
Stocks 190,489 190,489

HOPE INNS (SUSSEX) LIMITED (REGISTERED NUMBER: 09631374)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 JUNE 2024

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors - 528
Other debtors - 2,551
Directors' loan accounts 12,212 -
VAT - 6,972
Prepayments and accrued income - 155
12,212 10,206

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Finance leases 2,388 2,201
Trade creditors 6,791 13,454
Tax 24,523 6,072
Social security and other taxes 163 -
VAT 3,453 -
Other creditors 22,224 18,785
Directors' loan accounts 14,526 36,112
Accrued expenses 2,119 2,031
76,187 78,655

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2024 2023
£    £   
Bank loans more 5 yr by instal 204,115 204,115
Finance leases 15,630 18,023
219,745 222,138

Amounts falling due in more than five years:

Repayable by instalments
Bank loans more 5 yr by instal 204,115 204,115

9. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 30 June 2024 and 30 June 2023:

2024 2023
£    £   
J Gilham-Hills and Ms D A Gilham-Hills
Balance outstanding at start of year (1,961 ) (15,169 )
Amounts advanced 150,475 60,972
Amounts repaid (136,302 ) (47,764 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 12,212 (1,961 )

This balance represented the maximum amount outstanding during the year and interest is charged at 2.25% and repayable on demand.

During the year, S Hope decreased his loan to the company. As at 30 June 2024, the company owed him £14,526 (2023: £34,151). This balance represented the maximum amount outstanding during the year and interest is charged at 10% and repayable on demand.

10. ULTIMATE CONTROLLING PARTY

As there is no majority shareholder the company is controlled by the Board.