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REGISTERED NUMBER: SC183228 (Scotland)
















Unaudited Financial Statements

for the Year Ended 30 November 2024

for

Hope Street Investments Limited

Hope Street Investments Limited (Registered number: SC183228)






Contents of the Financial Statements
for the Year Ended 30 November 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Hope Street Investments Limited

Company Information
for the Year Ended 30 November 2024







DIRECTORS: M A Speirs
B A Collins
Mrs C M Collins
Mrs J E Speirs





SECRETARY: B A Collins





REGISTERED OFFICE: 160 Hope Street
Glasgow
G2 2TL





REGISTERED NUMBER: SC183228 (Scotland)





ACCOUNTANTS: Gillespie & Anderson
Chartered Accountants
147 Bath Street
Glasgow
G2 4SN

Hope Street Investments Limited (Registered number: SC183228)

Balance Sheet
30 November 2024

2024 2023
Notes £    £    £   
FIXED ASSETS
Tangible assets 4 - 145
Investments 5 4,728 3,694
Investment property 6 720,000 720,000
724,728 723,839

CURRENT ASSETS
Debtors 7 1,611 3,710
Cash at bank 4,910 4,871
6,521 8,581
CREDITORS
Amounts falling due within one year 8 83,657 102,231
NET CURRENT LIABILITIES (77,136 ) (93,650 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

647,592

630,189

CAPITAL AND RESERVES
Called up share capital 2 2
Non-distributable fair value reserve 177,500 177,500
Retained earnings 470,090 452,687
647,592 630,189

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 November 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 November 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.

Hope Street Investments Limited (Registered number: SC183228)

Balance Sheet - continued
30 November 2024


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 Profit and Loss Account has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 8 April 2025 and were signed on its behalf by:





B A Collins - Director


Hope Street Investments Limited (Registered number: SC183228)

Notes to the Financial Statements
for the Year Ended 30 November 2024

1. STATUTORY INFORMATION

Hope Street Investments Limited is a private company, limited by shares , registered in Scotland. The company's registered number and registered office address can be found on the Company Information page.

The presentation currency of the financial statements is the Pound Sterling (£).


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 as modified by the revaluation of certain assets.

Going Concern
The company has cash resources and has no requirement for external funding. The Directors have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. They continue to believe the going concern basis of accountancy appropriate in preparing the annual financial statements.

Significant judgements and estimates
The Directors have made judgements, estimates and assumptions that affect the amounts reported within the financial statements during the year. Actual results may differ from these estimates. Estimates and underlying assumptions are reviewed on an ongoing basis. The Directors' estimates, assumptions and judgements that have a significant risk of causing a material adjustment to the carrying amount of assets and liabilities within the financial statements are addressed and detail is provided in the associated notes.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off the cost less estimated residual value of each asset over its estimated useful life or if held under a finance lease, over the lease term, whichever is the shorter.

Computer equipment - 20% straight line

Fixed asset investment
Listed fixed asset investments are disclosed in the financial statements at fair value. Gains or losses on revaluation are included in the income statement.

Investment property
Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in the fair value reserve.

Hope Street Investments Limited (Registered number: SC183228)

Notes to the Financial Statements - continued
for the Year Ended 30 November 2024

2. ACCOUNTING POLICIES - continued

Financial instruments
The company has no complex financial instruments but does hold basic financial instruments of; cash at bank, debtors and creditors.

Cash and cash equivalents comprise cash at bank and on hand, foreign currency on hand, demand deposits with banks and other short-term highly liquid investments with original maturities of three months or less and bank overdrafts. A bank overdraft would be shown within current liabilities.

Trade and other debtors are initially recognised at fair value and subsequently measured at amortised cost using the effective interest method, less losses for bad debts except where the effect of discounting would be immaterial. In such cases, trade and other debtors are stated at cost less losses for bad debts.

Trade and other creditors are initially recognised at fair value and subsequently measured at amortised cost using the effective interest rate unless the effect of discounting would be immaterial. In such cases, trade and other creditors are stated at cost.

Ordinary shares are initially recognised at transaction value and subsequently valued at fair value with any changes in fair value being recognised in the profit and loss account.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Profit and Loss Account, 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.

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.

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.

Employee benefits
The total cost of employee benefits to which employees have become entitled as a result of service rendered to the entity during the reporting period are recognised and charged to the profit and loss account in the period to which they relate.

Other operating income
Other operating income represents rental income, excluding value added tax. Income is recognised when the company becomes entitled to the income, it can be measured reliably and it is probable that the economic benefits associated with the transaction will flow to the entity.

Hope Street Investments Limited (Registered number: SC183228)

Notes to the Financial Statements - continued
for the Year Ended 30 November 2024

2. ACCOUNTING POLICIES - continued

Provision for liabilities
A provision is initially recognised when there is an obligation at the balance sheet date as a result of a past event, it is probable that there will be the transfer of funds in settlement and the amount of the obligation can be estimated reliably. The provision is subsequently measured by placing a charge against the provision only for expenditure for which the provision was originally recognised.

3. EMPLOYEES AND DIRECTORS

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

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 December 2023
and 30 November 2024 734
DEPRECIATION
At 1 December 2023 589
Charge for year 145
At 30 November 2024 734
NET BOOK VALUE
At 30 November 2024 -
At 30 November 2023 145

5. FIXED ASSET INVESTMENTS
Other
investments
£   
COST OR VALUATION
At 1 December 2023 3,694
Revaluations 1,034
At 30 November 2024 4,728
NET BOOK VALUE
At 30 November 2024 4,728
At 30 November 2023 3,694

Cost or valuation at 30 November 2024 is represented by:

Other
investments
£   
Valuation in 2022 (11,483 )
Cost 16,211
4,728

Hope Street Investments Limited (Registered number: SC183228)

Notes to the Financial Statements - continued
for the Year Ended 30 November 2024

6. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 December 2023
and 30 November 2024 720,000
NET BOOK VALUE
At 30 November 2024 720,000
At 30 November 2023 720,000

If the investment properties had not been revalued they would have been included at cost of £542,500. They were valued on an open market basis by Thorntons Law LLP and Thomson Property Consultants Limited in November 2017. In the opinion of the Directors, there is no material difference in their value at the balance sheet date.

Fair value at 30 November 2024 is represented by:
£   
Valuation in 2017 177,500
Cost 542,500
720,000

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Other debtors 1,400 3,530
Prepayments 211 180
1,611 3,710

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Corporation tax 4,115 4,105
Other creditors 1,400 3,530
Directors' loan accounts 74,690 92,690
Deferred income 1,400 -
Accrued expenses 2,052 1,906
83,657 102,231

9. SECURED DEBTS

Two standard securities are in place by Hope Street Investments Limited in favour of The Royal Bank of Scotland PLC. The standard securities are over the company's properties at 160 Hope Street, Glasgow and 9A College Street, St Andrews.

A bond and floating charge is also in place in favour of The Royal Bank of Scotland PLC over all property and assets.