Caseware UK (AP4) 2023.0.135 2023.0.135 2024-12-312024-12-312024-01-01falseNo description of principal activity11falsetrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. 09918126 2024-01-01 2024-12-31 09918126 2023-01-01 2023-12-31 09918126 2024-12-31 09918126 2023-12-31 09918126 c:Director1 2024-01-01 2024-12-31 09918126 c:RegisteredOffice 2024-01-01 2024-12-31 09918126 d:FurnitureFittings 2024-01-01 2024-12-31 09918126 d:FurnitureFittings 2024-12-31 09918126 d:FurnitureFittings 2023-12-31 09918126 d:FurnitureFittings d:OwnedOrFreeholdAssets 2024-01-01 2024-12-31 09918126 d:ComputerEquipment 2024-01-01 2024-12-31 09918126 d:ComputerEquipment 2024-12-31 09918126 d:ComputerEquipment 2023-12-31 09918126 d:ComputerEquipment d:OwnedOrFreeholdAssets 2024-01-01 2024-12-31 09918126 d:OwnedOrFreeholdAssets 2024-01-01 2024-12-31 09918126 d:FreeholdInvestmentProperty 2024-01-01 2024-12-31 09918126 d:FreeholdInvestmentProperty 2024-12-31 09918126 d:FreeholdInvestmentProperty 2023-12-31 09918126 d:FreeholdInvestmentProperty 2 2024-01-01 2024-12-31 09918126 d:CurrentFinancialInstruments 2024-12-31 09918126 d:CurrentFinancialInstruments 2023-12-31 09918126 d:Non-currentFinancialInstruments 2024-12-31 09918126 d:Non-currentFinancialInstruments 2023-12-31 09918126 d:CurrentFinancialInstruments d:WithinOneYear 2024-12-31 09918126 d:CurrentFinancialInstruments d:WithinOneYear 2023-12-31 09918126 d:Non-currentFinancialInstruments d:AfterOneYear 2024-12-31 09918126 d:Non-currentFinancialInstruments d:AfterOneYear 2023-12-31 09918126 d:ShareCapital 2024-12-31 09918126 d:ShareCapital 2023-12-31 09918126 d:RetainedEarningsAccumulatedLosses 2024-12-31 09918126 d:RetainedEarningsAccumulatedLosses 2023-12-31 09918126 c:FRS102 2024-01-01 2024-12-31 09918126 c:AuditExempt-NoAccountantsReport 2024-01-01 2024-12-31 09918126 c:FullAccounts 2024-01-01 2024-12-31 09918126 c:PrivateLimitedCompanyLtd 2024-01-01 2024-12-31 09918126 2 2024-01-01 2024-12-31 iso4217:GBP xbrli:pure
Company registration number: 09918126







UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED
31 DECEMBER 2024


HOOPER HOMES PROPERTY MANAGEMENT LIMITED






































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HOOPER HOMES PROPERTY MANAGEMENT LIMITED
 


 
COMPANY INFORMATION


Director
Mr T Hooper 




Registered number
09918126



Registered office
118 Powerscourt Road

Portsmouth

Hampshire

PO2 7JW




Accountants
Menzies LLP
Chartered Accountants

3000a Parkway

Whiteley

Hampshire

PO15 7FX





 


HOOPER HOMES PROPERTY MANAGEMENT LIMITED
 



CONTENTS



Page
Statement of Financial Position
1 - 2
Notes to the Financial Statements
3 - 9


 


HOOPER HOMES PROPERTY MANAGEMENT LIMITED
REGISTERED NUMBER:09918126



STATEMENT OF FINANCIAL POSITION
AS AT 31 DECEMBER 2024

2024
2023
Note
£
£

Fixed assets
  

Tangible assets
 4 
300
401

Investment property
 5 
965,001
889,658

  
965,301
890,059

Current assets
  

Debtors: amounts falling due within one year
 6 
202
572

Cash at bank and in hand
  
2,939
2,705

  
3,141
3,277

Creditors: amounts falling due within one year
 7 
(366,157)
(344,055)

Net current liabilities
  
 
 
(363,016)
 
 
(340,778)

Total assets less current liabilities
  
602,285
549,281

Creditors: amounts falling due after more than one year
 8 
(382,782)
(380,651)

Provisions for liabilities
  

Deferred tax
  
(56,646)
(43,678)

  
 
 
(56,646)
 
 
(43,678)

Net assets
  
162,857
124,952

Page 1

 


HOOPER HOMES PROPERTY MANAGEMENT LIMITED
REGISTERED NUMBER:09918126


    
STATEMENT OF FINANCIAL POSITION (CONTINUED)
AS AT 31 DECEMBER 2024

2024
2023
Note
£
£

Capital and reserves
  

Called up share capital 
  
100
100

Profit and loss account
  
162,757
124,852

  
162,857
124,952


The director considers that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and in accordance with the provisions of FRS 102 Section 1A - small entities.

The financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The Company has opted not to file the statement of income and retained earnings in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf by: 






Mr T Hooper
Director

Date: 19 March 2025

The notes on pages 3 to 9 form part of these financial statements.

Page 2

 


HOOPER HOMES PROPERTY MANAGEMENT LIMITED
 


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

1.


General information

Hooper Homes Property Management Limited is a private company limited by shares, registered in England and Wales. The address of its registered office is disclosed on the company information page.
The presentation currency is GBP rounded to the nearest pound.

2.Accounting policies

 
2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with Section 1A of Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006.

The following principal accounting policies have been applied:

 
2.2

Revenue

Revenue is recognised to the extent that it is probable that the economic benefits will flow to the Company and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before revenue is recognised:

Rendering of services

Revenue from a contract to provide services is recognised in the period in which the services are provided in accordance with the stage of completion of the contract when all of the following conditions are satisfied:
the amount of revenue can be measured reliably;
it is probable that the Company will receive the consideration due under the contract;
the stage of completion of the contract at the end of the reporting period can be measured reliably; and
the costs incurred and the costs to complete the contract can be measured reliably.

 
2.3

Interest income

Interest income is recognised in profit or loss using the effective interest method.

 
2.4

Finance costs

Finance costs are charged to profit or loss over the term of the debt using the effective interest method so that the amount charged is at a constant rate on the carrying amount. Issue costs are initially recognised as a reduction in the proceeds of the associated capital instrument.

 
2.5

Borrowing costs

All borrowing costs are recognised in profit or loss in the year in which they are incurred.

Page 3

 


HOOPER HOMES PROPERTY MANAGEMENT LIMITED
 


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

2.Accounting policies (continued)

 
2.6

Current and deferred taxation

The tax expense for the year comprises current and deferred tax. Tax is recognised in profit or loss except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the Company operates and generates income.

Deferred tax balances are recognised in respect of all timing differences that have originated but not reversed by the reporting date, except that:
The recognition of deferred tax assets is limited to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits; and
Any deferred tax balances are reversed if and when all conditions for retaining associated tax allowances have been met.

Deferred tax balances are not recognised in respect of permanent differences except in respect of business combinations, when deferred tax is recognised on the differences between the fair values of assets acquired and the future tax deductions available for them and the differences between the fair values of liabilities acquired and the amount that will be assessed for tax. Deferred tax is determined using tax rates and laws that have been enacted or substantively enacted by the reporting date.

 
2.7

Tangible fixed assets

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, using the reducing balance and straight-line methods.

Depreciation is provided on the following basis:

Fixtures and fittings
-
25%
written down value
Computer equipment
-
33%
straight line

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.

  
2.8

Investment property

Investment property is carried at fair value determined annually by the director using Rightmoves pricing index based on a previous valuation by Leaders 132/134 London Road, Portsmouth PO2 9DE and derived from the current market rents and investment property yields for comparable real estate, adjusted if necessary for any difference in the nature, location or condition of the specific asset. No depreciation is provided. Changes in fair value are recognised in profit or loss.

Page 4

 


HOOPER HOMES PROPERTY MANAGEMENT LIMITED
 


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

2.Accounting policies (continued)

 
2.9

Debtors

Short-term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

 
2.10

Cash and cash equivalents

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.

 
2.11

Creditors

Short-term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

 
2.12

Provisions for liabilities

Provisions are made where an event has taken place that gives the Company a legal or constructive obligation that probably requires settlement by a transfer of economic benefit, and a reliable estimate can be made of the amount of the obligation.
Provisions are charged as an expense to profit or loss in the year that the Company becomes aware of the obligation, and are measured at the best estimate at the reporting date of the expenditure required to settle the obligation, taking into account relevant risks and uncertainties.
When payments are eventually made, they are charged to the provision carried in the Statement of Financial Position.

Page 5

 


HOOPER HOMES PROPERTY MANAGEMENT LIMITED
 


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

2.Accounting policies (continued)

 
2.13

Financial instruments

The Company has elected to apply the provisions of Section 11 “Basic Financial Instruments” of FRS 102 to all of its financial instruments.

Financial instruments are recognised in the Company's Statement of Financial Position when the Company becomes party to the contractual provisions of the instrument.

Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

Basic financial assets

Basic financial assets, which include trade and other receivables, cash and bank balances, are initially measured at their transaction price including transaction costs and are subsequently carried at their amortised cost using the effective interest method, less any provision for impairment, unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest.

Discounting is omitted where the effect of discounting is immaterial. The Company's cash and cash equivalents, trade and most other receivables due with the operating cycle fall into this category of financial instruments.

 
2.14

Dividends

Equity dividends are recognised when they become legally payable. Interim equity dividends are recognised when paid. Final equity dividends are recognised when approved by the shareholders at an annual general meeting.


3.


Employees

The average monthly number of employees, including directors, during the year was 1 (2023 - 1).

Page 6

 


HOOPER HOMES PROPERTY MANAGEMENT LIMITED
 


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

4.


Tangible fixed assets





Fixtures and fittings
Computer equipment
Total

£
£
£



Cost or valuation


At 1 January 2024
2,253
2,125
4,378



At 31 December 2024

2,253
2,125
4,378



Depreciation


At 1 January 2024
1,852
2,125
3,977


Charge for the year on owned assets
101
-
101



At 31 December 2024

1,953
2,125
4,078



Net book value



At 31 December 2024
300
-
300



At 31 December 2023
401
-
401


5.


Investment property


Freehold investment property

£



Valuation


At 1 January 2024
889,658


Additions at cost
18,383


Surplus/(Deficit) on revaluation
56,960



At 31 December 2024
965,001

The 2024 valuations were made by the director using Rightmoves pricing index based on December 2020 valuation by Leaders 132/134 London Road, Portsmouth PO2 9DE, on an open market value for existing use basis.




Page 7

 


HOOPER HOMES PROPERTY MANAGEMENT LIMITED
 


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

6.


Debtors

2024
2023
£
£


Prepayments and accrued income
202
572

202
572



7.


Creditors: Amounts falling due within one year

2024
2023
£
£

Other creditors
362,185
340,102

Accruals and deferred income
3,972
3,953

366,157
344,055



8.


Creditors: Amounts falling due after more than one year

2024
2023
£
£

Mortgage loans
382,782
380,651

382,782
380,651


The following liabilities were secured:

2024
2023
£
£



Mortgage Loans
382,779
380,651

382,779
380,651

Details of security provided:

The mortgage loans are secured by legal charges dated 27 March 2019, 13 May 2019, 11 March 2020 and 5 October 2021 on the company's rental properties.
The mortgage loans are interest only and are repayable after 5 years.

Page 8

 


HOOPER HOMES PROPERTY MANAGEMENT LIMITED
 


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

9.


Related party transactions

During the year the director loaned the company a further £22,083.  At the balance sheet date was an amount owed to the director included within other creditors totalling £362,185 (2023 - £340,102). This amount is unsecured, undated and interest free.

Page 9