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Company registration number:
10875489
HOPPER HOLDINGS LIMITED
Unaudited Filleted Financial Statements for the year ended
31 July 2024
HOPPER HOLDINGS LIMITED
Chartered accountant's report to the board of directors on the preparation of the unaudited statutory financial statements of HOPPER HOLDINGS LIMITED
Year ended
31 July 2024
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the
financial statements
of
HOPPER HOLDINGS LIMITED
for the year ended
31 July 2024
which comprise the income statement, statement of total comprehensive income, statement of financial position, statement of changes in equity and 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 at icaew.com/​regulations.
This report is made solely to the Board of Directors of
HOPPER HOLDINGS LIMITED
, as a body. Our work has been undertaken solely to prepare for your approval the
financial statements
of
HOPPER HOLDINGS LIMITED
and state those matters that we have agreed to state to the Board of Directors of
HOPPER HOLDINGS LIMITED
, as a body, in this report in accordance with ICAEW Technical Release 07/16 AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than
HOPPER HOLDINGS LIMITED
and its Board of Directors, as a body, for our work or for this report.
It is your duty to ensure that
HOPPER HOLDINGS 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
HOPPER HOLDINGS LIMITED
. You consider that
HOPPER HOLDINGS 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 HOPPER HOLDINGS 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.
HM Accountancy Services Limited
83-89 Phoenix Street
Sutton-in-Ashfield
Nottinghamshire
NG17 4HL
United Kingdom
Date:
24 February 2025
HOPPER HOLDINGS LIMITED
Statement of Financial Position
31 July 2024
20242023
Note££
Fixed assets    
Tangible assets 5
600,000
 
483,456
 
Investments 6
210,000
 
210,000
 
810,000
 
693,456
 
Current assets    
Cash at bank and in hand
7,356
 
11,171
 
Creditors: amounts falling due within one year 7
(46,556
)
(39,562
)
Net current liabilities
(39,200
)
(28,391
)
Total assets less current liabilities 770,800   665,065  
Creditors: amounts falling due after more than one year 8
(497,396
)
(535,117
)
Provisions for liabilities
(26,805
) -  
Net assets
246,599
 
129,948
 
Capital and reserves    
Called up share capital
2
 
2
 
Revaluation reserve
116,544
  -  
Profit and loss account
130,053
 
129,946
 
Shareholders funds
246,599
 
129,948
 
For the year ending
31 July 2024
, the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Directors' responsibilities:
  • The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476;
  • The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.
These
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.
These
financial statements
were approved by the board of directors and authorised for issue on
24 February 2025
, and are signed on behalf of the board by:
Mrs Nia Hopper
Director
Company registration number:
10875489
HOPPER HOLDINGS LIMITED
Notes to the Financial Statements
Year ended
31 July 2024

1 General information

The company is a private company limited by shares and is registered in England and Wales. The address of the registered office is
17 Baker Road
,
Mansfield Woodhouse
,
NG19 8QW
, United Kingdom.

2 Statement of compliance

These
financial statements
have been prepared in compliance with FRS 102 Section 1A, 'The Financial Reporting Standard applicable to the UK and Republic of Ireland'.

3 Accounting policies

Basis of preparation

The
financial statements
have been prepared on the historical cost basis, as modified by the revaluation of certain assets.

Turnover

Turnover is measured at the fair value of the consideration received or receivable for goods supplied, net of discounts and Value Added Tax.
Revenue from the sale of goods is recognised when the significant risks and rewards of ownership have transferred to the buyer, usually on despatch of the goods; the amount of revenue can be measured reliably; it is probable that the associated economic benefits will flow to the entity; and the costs incurred or to be incurred in respect of the transactions can be measured reliably.

Current tax

Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.

Tangible assets

Tangible assets are initially measured at cost, and are subsequently measured at cost less any accumulated depreciation and accumulated impairment losses or at a revalued amount.
Any tangible assets carried at a revalued amount are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses.
An increase in the carrying amount of an asset as a result of a revaluation is recognised in other comprehensive income and accumulated in capital and reserves. However, the increase is recognised in profit or loss to the extent that it reverses a revaluation decrease of the same asset previously recognised in profit or loss. A decrease in the carrying amount of an asset as a result of revaluation is recognised in other comprehensive income to the extent of any previously recognised revaluation increase accumulated in capital and reserves. If a revaluation decrease exceeds the accumulated revaluation gains accumulated in capital and reserves in respect of that asset, the excess is recognised in profit or loss.
Depreciation is calculated so as to write off the cost of an asset, less its estimated residual value, over the useful economic life of that asset as follows:
Land and buildings
No depreciation

Fixed asset investments

Investments in subsidiaries, associates and joint ventures accounted for in accordance with the cost model are recorded at cost less any accumulated impairment losses.
Investments in subsidiaries, associates and joint ventures accounted for in accordance with the fair value model are initially recorded at the transaction price. At each reporting date, the investments are measured at fair value, with changes in fair value recognised in other comprehensive income or profit or loss. Where it is impracticable to measure fair value reliably without undue cost or effort, the cost model will be adopted.
Dividends and other distributions received from the investment are recognised as income without regard to whether the distributions are from accumulated profits of the associate arising before or after the date of acquisition.
Other fixed asset investments which are listed are measured at fair value with changes in fair value being recognised in profit or loss.
All other Investments held as fixed assets are initially recorded at cost, and are subsequently stated at cost less any accumulated impairment losses.

Impairment

A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date.

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, loans from banks and other third parties.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the reporting date. Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is more likely than not that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Deferred tax is measured on an undiscounted basis at the tax rates that would apply in the periods in which timing differences are expected to reverse, based on tax rates and laws enacted at the statement of financial position date.

Provisions for liabilities

Provisions are recognised when the entity has an obligation at the reporting date as a result of a past event; it is probable that the entity will be required to transfer economic benefits in settlement and the amount of the obligation can be estimated reliably. Provisions are recognised as a liability in the statement of financial position and the amount of the provision as an expense.
Provisions are initially measured at the best estimate of the amount required to settle the obligation at the reporting date and subsequently reviewed at each reporting date and adjusted to reflect the current best estimate of the amount that would be required to settle the obligation. Any adjustments to the amounts previously recognised are recognised in profit or loss unless the provision was originally recognised as part of the cost of an asset. When a provision is measured at the present value of the amount expected to be required to settle the obligation, the unwinding of the discount is recognised in finance costs in profit or loss in the period it arises.

4 Average number of employees

The average number of persons employed by the company during the year was
2
(2023:
2
).

5 Tangible assets

Land and buildings
£
Cost or valuation  
At
1 August 2023
483,456
 
Revaluations
116,544
 
At
31 July 2024
600,000
 
Depreciation  
At
1 August 2023
and
31 July 2024
-  
Carrying amount  
At
31 July 2024
600,000
 
At 31 July 2023
483,456
 

6 Investments

Shares in group undertakings and participating interests
£
Cost  
At
1 August 2023
210,000
 
At
31 July 2024
210,000
 
Impairment  
At
1 August 2023
and
31 July 2024
-  
Carrying amount  
At
31 July 2024
210,000
 
At 31 July 2023
210,000
 

7 Creditors: amounts falling due within one year

20242023
££
Bank loans and overdrafts
27,270
 
22,072
 
Taxation and social security
7,152
 
7,250
 
Other creditors
12,134
 
10,240
 
46,556
 
39,562
 

8 Creditors: amounts falling due after more than one year

20242023
££
Bank loans and overdrafts
249,817
 
277,538
 
Other creditors
247,579
 
257,579
 
497,396
 
535,117