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Unaudited Financial Statements

for the Year Ended 31 May 2024

for

The Hoops Inn Limited

The Hoops Inn Limited (Registered number: 06986245)






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




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


The Hoops Inn Limited

Company Information
for the Year Ended 31 May 2024







DIRECTOR: M R Yexley





SECRETARY: Mrs K A Yexley





REGISTERED OFFICE: 146 High Street
Billericay
Essex
CM12 9DF





REGISTERED NUMBER: 06986245 (England and Wales)





ACCOUNTANTS: Michael Letch & Partners LLP
Accountants
146 High Street
Billericay
Essex
CM12 9DF

The Hoops Inn Limited (Registered number: 06986245)

Balance Sheet
31 May 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 492,205 499,625
Investments 5 161,235 161,235
Investment property 6 740,928 740,928
1,394,368 1,401,788

CURRENT ASSETS
Debtors 7 743,727 619,582
Cash at bank 1,805,293 1,692,065
2,549,020 2,311,647
CREDITORS
Amounts falling due within one year 8 203,445 133,737
NET CURRENT ASSETS 2,345,575 2,177,910
TOTAL ASSETS LESS CURRENT
LIABILITIES

3,739,943

3,579,698

CAPITAL AND RESERVES
Called up share capital 161,135 161,135
Retained earnings 3,578,808 3,418,563
SHAREHOLDERS' FUNDS 3,739,943 3,579,698

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 May 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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 director and authorised for issue on 11 February 2025 and were signed by:



M R Yexley - Director


The Hoops Inn Limited (Registered number: 06986245)

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

1. STATUTORY INFORMATION

The Hoops Inn 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.

Preparation of consolidated financial statements
The financial statements contain information about The Hoops Inn Limited as an individual company and do not contain consolidated financial information as the parent of a group. The company is exempt under Section 399(2A) of the Companies Act 2006 from the requirements to prepare consolidated financial statements.

Investments in subsidiaries
Investments in subsidiary undertakings are recognised at cost.

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2023 - 2 ) .

4. TANGIBLE FIXED ASSETS
Freehold
property
£   
COST
At 1 June 2023
and 31 May 2024 546,000
DEPRECIATION
At 1 June 2023 46,375
Charge for year 7,420
At 31 May 2024 53,795
NET BOOK VALUE
At 31 May 2024 492,205
At 31 May 2023 499,625

Included in cost of land and buildings is freehold land of £ 175,000 (2023 - £ 175,000 ) which is not depreciated.

The Hoops Inn Limited (Registered number: 06986245)

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

5. FIXED ASSET INVESTMENTS
Shares in
group Other
undertakings investments Totals
£    £    £   
COST
At 1 June 2023 161,235 - 161,235
Additions - 2,010,094 2,010,094
Disposals - (2,010,094 ) (2,010,094 )
At 31 May 2024 161,235 - 161,235
NET BOOK VALUE
At 31 May 2024 161,235 - 161,235
At 31 May 2023 161,235 - 161,235

6. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 June 2023
and 31 May 2024 740,928
NET BOOK VALUE
At 31 May 2024 740,928
At 31 May 2023 740,928

The company's investment relates to two residential properties and one commercial property which are being leased on a commercial basis to third parties.

The director considers that there have been no significant changes to the fair value of the investment properties at 31 May 2024 and therefore the fair value is the same as the historical cost value of £740,928.

On the above basis, no adjustment has been made to the profit and loss account.

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Amounts owed by group undertakings 596,715 568,505
Other debtors 95,050 50
Directors' current accounts 38,264 37,413
Tax 13,059 13,059
Prepayments 639 555
743,727 619,582

The Hoops Inn Limited (Registered number: 06986245)

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

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade creditors 1,277 -
Amounts owed to group undertakings 83,984 83,984
Tax 59,348 23,383
Social security and other taxes 16,219 9,127
Other creditors 4,546 5,263
Accrued expenses 37,200 2,200
Deferred income 871 9,780
203,445 133,737