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REGISTERED NUMBER: 02525365 (England and Wales)





HOPKINSON PROPERTY LIMITED

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 AUGUST 2024






HOPKINSON PROPERTY LIMITED (REGISTERED NUMBER: 02525365)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2024










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


HOPKINSON PROPERTY LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 AUGUST 2024







DIRECTOR: Mr A T Hopkinson





REGISTERED OFFICE: Nunn Brook Road
County Estate
Huthwaite
Nottinghamshire
NG17 2HU





REGISTERED NUMBER: 02525365 (England and Wales)





ACCOUNTANTS: ApC
Chartered Accountants
7 St John Street
Mansfield
Nottinghamshire
NG18 1QH

HOPKINSON PROPERTY LIMITED (REGISTERED NUMBER: 02525365)

BALANCE SHEET
31 AUGUST 2024

2024 2023
Notes £    £    £   
FIXED ASSETS
Tangible assets 5 176,007 176,343
Investment property 6 1,127,760 1,125,000
1,303,767 1,301,343

CURRENT ASSETS
Debtors 7 71,337 95,260
Cash at bank 98,922 197,913
170,259 293,173
CREDITORS
Amounts falling due within one year 8 116,591 223,816
NET CURRENT ASSETS 53,668 69,357
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,357,435

1,370,700

CREDITORS
Amounts falling due after more than one
year

9

-

(2,942

)

PROVISIONS FOR LIABILITIES (48,253 ) (57,091 )
NET ASSETS 1,309,182 1,310,667

CAPITAL AND RESERVES
Called up share capital 11 1,002 1,002
Revaluation reserve 12 82,311 82,311
Retained earnings 1,225,869 1,227,354
SHAREHOLDERS' FUNDS 1,309,182 1,310,667

HOPKINSON PROPERTY LIMITED (REGISTERED NUMBER: 02525365)

BALANCE SHEET - continued
31 AUGUST 2024


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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 August 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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.

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 Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 29 May 2025 and were signed by:





Mr A T Hopkinson - Director


HOPKINSON PROPERTY LIMITED (REGISTERED NUMBER: 02525365)

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


1. STATUTORY INFORMATION

Hopkinson Property 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.

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


2. STATEMENT OF COMPLIANCE

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.

3. ACCOUNTING POLICIES

Basis of preparing the financial statements
The financial statements have been prepared under the historical cost convention as modified by the revaluation of certain assets.

Significant judgements and estimates
The significant judgements and estimates are as follows:

The directors estimate of the residual value of the property and consider that if any depreciation was to be charged, would be immaterial.
The other significant judgements and estimates are detailed in the accounting policy of the fixed assets depreciation rates. The rates are annually reviewed in line to what the directors believe the assets are worth taken into accounts the income streams generated by those assets.

Turnover
Turnover represents the value excluding Value Added Tax of goods and services provided to customers during the year. In respect of goods and services provided, all income is taken to profit and loss at the same point as the right to receive consideration has been acquired.

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 - 20% on reducing balance
Fixtures and fittings - 20% on reducing balance
Motor vehicles - 25% on reducing balance
Computer equipment - 33.33% on reducing balance

HOPKINSON PROPERTY LIMITED (REGISTERED NUMBER: 02525365)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 AUGUST 2024


3. ACCOUNTING POLICIES - continued

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

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.

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.

Financial instruments
Financial instruments and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the entity after deducting all of its financial liabilities.

Where the contractual obligations of financial instruments (including share capital) are equivalent to a similar debt instrument, those financial instruments are classed as financial liabilities. Financial liabilities are presented as such in the balance sheet. Finance costs and gains or losses relating to financial liabilities are included in the profit and loss account. Finance costs are calculated so as to produce a constant rate of return on the outstanding liability.

Where the contractual terms of share capital do not have any terms meeting the definition of a financial liability then this is classed as an equity instrument. Dividends and distributions relating to equity instruments are debited direct to equity.

HOPKINSON PROPERTY LIMITED (REGISTERED NUMBER: 02525365)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 AUGUST 2024


4. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2023 - 1 ) .

5. TANGIBLE FIXED ASSETS
Fixtures
Plant and and Motor Computer
machinery fittings vehicles equipment Totals
£    £    £    £    £   
COST
At 1 September 2023 369,505 9,375 115,259 28,258 522,397
Additions 33,022 - 33,990 751 67,763
Disposals - - (45,795 ) - (45,795 )
At 31 August 2024 402,527 9,375 103,454 29,009 544,365
DEPRECIATION
At 1 September 2023 248,506 8,686 60,794 28,068 346,054
Charge for year 30,805 138 17,213 335 48,491
Eliminated on disposal - - (26,187 ) - (26,187 )
At 31 August 2024 279,311 8,824 51,820 28,403 368,358
NET BOOK VALUE
At 31 August 2024 123,216 551 51,634 606 176,007
At 31 August 2023 120,999 689 54,465 190 176,343

6. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 September 2023 1,125,000
Additions 2,760
At 31 August 2024 1,127,760
NET BOOK VALUE
At 31 August 2024 1,127,760
At 31 August 2023 1,125,000

HOPKINSON PROPERTY LIMITED (REGISTERED NUMBER: 02525365)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 AUGUST 2024


6. INVESTMENT PROPERTY - continued

Fair value at 31 August 2024 is represented by:
£   
Valuation in 2023 82,311
Cost 1,045,449
1,127,760

If the investment properties had not been revalued they would have been included at the following historical cost:

2024 2023
£    £   
Cost 1,045,449 1,042,689

Investment property were valued on an open market basis on 6 March 2023 by the directors. .

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Amounts owed by related party 10,692 10,692
Other debtors 53,694 52,650
Tax - 947
VAT 6,626 30,678
Prepayments and accrued income 325 293
71,337 95,260

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Hire purchase contracts - 5,043
Trade creditors - 54,716
Amounts owed to related party 108,564 158,150
Corporation tax 2,384 -
Accruals and deferred income 5,643 5,907
116,591 223,816

HOPKINSON PROPERTY LIMITED (REGISTERED NUMBER: 02525365)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 AUGUST 2024


9. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2024 2023
£    £   
Hire purchase contracts - 2,942

10. SECURED DEBTS

The following secured debts are included within creditors:

2024 2023
£    £   
Hire purchase contracts - 7,985

The hire purchase is secured against the asset it relates to.

11. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
1,000 Ordinary £1 1,000 1,000
1 Ordinary A £1 1 1
1 Ordinary B £1 1 1
1,002 1,002

12. RESERVES
Revaluation
reserve
£   
At 1 September 2023
and 31 August 2024 82,311