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REGISTERED NUMBER: 06853937 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 July 2024

for

Hopelake Food Limited

Hopelake Food Limited (Registered number: 06853937)






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




Page

Company Information 1

Abridged Balance Sheet 2

Notes to the Financial Statements 4


Hopelake Food Limited

Company Information
for the Year Ended 31 July 2024







DIRECTORS: S H Chan
W H Mo
F S Mo





REGISTERED OFFICE: Unit 13 Fitzherbert Spur Farlington
Portsmouth
PO6 1TT





REGISTERED NUMBER: 06853937 (England and Wales)





ACCOUNTANTS: Ampersand Partnership Limited
Chancery House
41a Hanger Hill
Weybridge
Surrey
KT13 9XZ

Hopelake Food Limited (Registered number: 06853937)

Abridged Balance Sheet
31 July 2024

31.7.24 31.7.23
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 187,500 225,000
Tangible assets 5 25,152 37,947
212,652 262,947

CURRENT ASSETS
Stocks 985,792 1,012,251
Debtors 212,313 226,857
Cash at bank and in hand 290,937 191,572
1,489,042 1,430,680
CREDITORS
Amounts falling due within one year 1,057,212 1,023,280
NET CURRENT ASSETS 431,830 407,400
TOTAL ASSETS LESS CURRENT LIABILITIES 644,482 670,347

CREDITORS
Amounts falling due after more than one
year

9,644

19,920
NET ASSETS 634,838 650,427

CAPITAL AND RESERVES
Called up share capital 145 145
Share premium 89,990 89,990
Capital redemption reserve 45 45
Retained earnings 544,658 560,247
SHAREHOLDERS' FUNDS 634,838 650,427

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 July 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.

Hopelake Food Limited (Registered number: 06853937)

Abridged Balance Sheet - continued
31 July 2024


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

All the members have consented to the preparation of an abridged Income Statement and an abridged Balance Sheet for the year ended 31 July 2024 in accordance with Section 444(2A) of the Companies Act 2006.

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 23 April 2025 and were signed on its behalf by:





F S Mo - Director


Hopelake Food Limited (Registered number: 06853937)

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

1. STATUTORY INFORMATION

Hopelake Food 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.

The financial statements have been prepared on the going concern basis which assumes the company will continue as a going concern for the foreseeable future. In concluding that it is appropriate to adopt the going concern basis in preparing the financial statements the directors have had regard to the trading performance and future cashflow and working capital projections. The directors are of the opinion that the company will receive sufficient cash inflows and accordingly believe it appropriate to prepare the financial statements on the going concern basis.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2010, is being amortised evenly over its estimated useful life of twenty years.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery etc - 33% on cost, 20% on cost and 10% on cost

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

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.


Hopelake Food Limited (Registered number: 06853937)

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

2. ACCOUNTING POLICIES - continued
Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 38 (2023 - 36 ) .

4. INTANGIBLE FIXED ASSETS
Totals
£   
COST
At 1 August 2023
and 31 July 2024 750,000
AMORTISATION
At 1 August 2023 525,000
Amortisation for year 37,500
At 31 July 2024 562,500
NET BOOK VALUE

At 31 July 2024 187,500
At 31 July 2023 225,000

Hopelake Food Limited (Registered number: 06853937)

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

5. TANGIBLE FIXED ASSETS
Totals
£   
COST
At 1 August 2023 117,446
Additions 2,600
At 31 July 2024 120,046
DEPRECIATION
At 1 August 2023 79,499
Charge for year 15,395
At 31 July 2024 94,894
NET BOOK VALUE
At 31 July 2024 25,152
At 31 July 2023 37,947

6. RELATED PARTY DISCLOSURES

During the year, total dividends of £75,000 (2023 - £75,000) were paid to the directors .

At the year end, £27,057 was owed by the directors to the company (2023: £48,837), which was repaid after the year end.

During the year the company paid rent to the directors in the sum of £69,000 (2023: £64,000).

7. ULTIMATE CONTROLLING PARTY

In the opinion of the directors there is no ultimate controlling party.