3 3 Hopling Properties Limited 04974141 false 2023-04-01 2024-03-31 2024-03-31 The principal activity of the company is the rental of residential and commercial properties. Digita Accounts Production Advanced 6.30.9574.0 true 04974141 2023-04-01 2024-03-31 04974141 2024-03-31 04974141 core:CurrentFinancialInstruments 2024-03-31 04974141 core:CurrentFinancialInstruments core:WithinOneYear 2024-03-31 04974141 core:Non-currentFinancialInstruments 2024-03-31 04974141 core:Non-currentFinancialInstruments core:AfterOneYear 2024-03-31 04974141 core:MoreThanFiveYears 1 2024-03-31 04974141 core:FurnitureFittings 2024-03-31 04974141 core:PlantMachinery 2024-03-31 04974141 bus:SmallEntities 2023-04-01 2024-03-31 04974141 bus:AuditExemptWithAccountantsReport 2023-04-01 2024-03-31 04974141 bus:FilletedAccounts 2023-04-01 2024-03-31 04974141 bus:SmallCompaniesRegimeForAccounts 2023-04-01 2024-03-31 04974141 bus:RegisteredOffice 2023-04-01 2024-03-31 04974141 bus:Director2 2023-04-01 2024-03-31 04974141 bus:PrivateLimitedCompanyLtd 2023-04-01 2024-03-31 04974141 core:FurnitureFittings 2023-04-01 2024-03-31 04974141 core:PlantMachinery 2023-04-01 2024-03-31 04974141 countries:EnglandWales 2023-04-01 2024-03-31 04974141 2023-03-31 04974141 core:FurnitureFittings 2023-03-31 04974141 core:PlantMachinery 2023-03-31 04974141 2022-04-01 2023-03-31 04974141 2023-03-31 04974141 core:CurrentFinancialInstruments 2023-03-31 04974141 core:CurrentFinancialInstruments core:WithinOneYear 2023-03-31 04974141 core:Non-currentFinancialInstruments 2023-03-31 04974141 core:Non-currentFinancialInstruments core:AfterOneYear 2023-03-31 04974141 core:MoreThanFiveYears 1 2023-03-31 04974141 core:FurnitureFittings 2023-03-31 04974141 core:PlantMachinery 2023-03-31 xbrli:pure iso4217:GBP

Registration number: 04974141

Hopling Properties Limited

Unaudited Filleted Financial Statements

for the Year Ended 31 March 2024

 

Hopling Properties Limited

(Registration number: 04974141)
Statement of Financial Position as at 31 March 2024

Note

2024
£

2023
£

Fixed assets

 

Tangible assets

4

5

23

Investment property

5

475,000

475,000

 

475,005

475,023

Current assets

 

Debtors

6

2,836

1,543

Cash at bank and in hand

 

1,562

7,588

 

4,398

9,131

Creditors: Amounts falling due within one year

7

(38,861)

(33,605)

Net current liabilities

 

(34,463)

(24,474)

Total assets less current liabilities

 

440,542

450,549

Creditors: Amounts falling due after more than one year

7

(321,118)

(321,705)

Net assets

 

119,424

128,844

Capital and reserves

 

Called up share capital

100

100

Retained earnings

119,324

128,744

Shareholders' funds

 

119,424

128,844

 

Hopling Properties Limited

(Registration number: 04974141)
Statement of Financial Position as at 31 March 2024

For the financial year ending 31 March 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 accounts for the year in question in accordance with section 476; and

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the directors have not delivered to the registrar a copy of the Income Statement.

Approved and authorised by the Board on 26 March 2025 and signed on its behalf by:
 

.........................................
Mr I D Ling
Director

 

Hopling Properties Limited

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

1

General information

The company is a private company limited by share capital, incorporated in England and Wales.

The address of its registered office is:
8 Hetton Lyons Industrial Estate
Hetton Le Hole
Houghton Le Spring
Tyne And Wear
DH5 0RH

These financial statements were authorised for issue by the Board on 26 March 2025.

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

The accounts are presented in £ sterling, which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest £.

Revenue recognition

Turnover is measured at the fair value of the consideration received or receivable and represents amounts receivable for rent, stated net of discounts and of Value Added Tax.

Tax

The tax expense for the period comprises current tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

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 taxable income.

 

Hopling Properties Limited

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

Tangible assets

Tangible assets are stated in the statement of financial position at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class

Depreciation method and rate

Plant and machinery

20% straight line

Fixtures and fittings

10% straight line

Investment property

Investment properties are carried at fair value, derived from the current market prices for comparable real estate determined annually by the directors. The directors use observable market prices, adjusted if necessary for any difference in the nature, location or condition of the specific asset. Changes in fair value are recognised in profit or loss account or the profit or loss reserve, depending on whether an impairment or gain arises

3

Staff numbers

The average number of persons employed by the company (including directors) during the year, was 3 (2023 - 3).

 

Hopling Properties Limited

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

4

Tangible assets

Fixtures and fittings
£

Plant and machinery
£

Total
£

Cost or valuation

At 1 April 2023

16,300

794

17,094

At 31 March 2024

16,300

794

17,094

Depreciation

At 1 April 2023

16,300

771

17,071

Charge for the year

-

18

18

At 31 March 2024

16,300

789

17,089

Carrying amount

At 31 March 2024

-

5

5

At 31 March 2023

-

23

23

5

Investment properties

2024
£

At 1 April

475,000

At 31 March

475,000

Included within investment properties are properties with a historic cost of £560,615 (2023 - £560,615). The directors, giving consideration to the current market conditions, consider the value of the properties to stand at £475,000 (2023 - £475,000).

There has been no valuation of investment property by an independent valuer.

 

Hopling Properties Limited

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

6

Debtors

Current

2024
£

2023
£

Prepayments

2,836

790

Other debtors

-

753

 

2,836

1,543

7

Creditors

Creditors: amounts falling due within one year

Note

2024
£

2023
£

Due within one year

 

Loans and borrowings

8

2,752

1,302

Trade creditors

 

2,929

-

Taxation and social security

 

2,100

1,094

Accruals and deferred income

 

7,080

7,209

Other creditors

 

24,000

24,000

 

38,861

33,605


Creditors include bank loans of £2,752 (2023 - £1,302) which are secured by the properties to which they relate.

Creditors: amounts falling due after more than one year

Note

2024
£

2023
£

Due after one year

 

Loans and borrowings

8

321,118

321,705

2024
£

2023
£

Due after more than five years

After more than five years by instalments

-

315,294

-

-


Creditors include bank loans of £321,118 (2023 - £321,705) which are secured by the properties to which they relate.

 

Hopling Properties Limited

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

8

Loans and borrowings

Non-current loans and borrowings

2024
£

2023
£

Bank borrowings

321,118

321,705

Current loans and borrowings

2024
£

2023
£

Bank borrowings

2,752

1,302