Year Ended
Registration number:
HOPE Developer Consultants Ltd
Contents
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Balance Sheet |
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Notes to the Unaudited Financial Statements |
HOPE Developer Consultants Ltd
Balance Sheet
31 December 2024
|
Note |
2024 |
2023 |
|
|
Creditors: Amounts falling due within one year |
(630,553) |
(629,502) |
|
|
Creditors: Amounts falling due after more than one year |
(139,663) |
(139,663) |
|
|
Net liabilities |
( |
(769,165) |
|
|
Capital and reserves |
|||
|
Called up share capital |
|
4 |
|
|
Profit and loss account |
( |
(769,169) |
|
|
Total equity |
( |
(769,165) |
HOPE Developer Consultants Ltd
Balance Sheet
31 December 2024
For the financial year ending 31 December 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Directors' responsibilities:
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• |
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• |
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 special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006 and the option not to file the Profit and Loss Account has been taken.
Approved and authorised by the
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......................................... |
Company Registration Number: 03717342
HOPE Developer Consultants Ltd
Notes to the Unaudited Financial Statements
Year Ended 31 December 2024
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General information |
The company is a private company limited by share capital, incorporated in England & Wales.
The address of its registered office is:
The principal place of business is:
12 Heywood Close
Shiphay
Torquay
Devon
TQ2 6DJ
These financial statements were authorised for issue by the
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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 - 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', including Section 1A and the Companies Act 2006.
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.
Going concern
Revenue recognition
Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of value added tax.
The company recognises revenue when sale of properties has been completed and proceeds can be reliably measured.
Government grants
Grant income is accounted for using the accruals method. Revenue grants are recognised on a systematic basis over the periods to which the costs to which the grants relate are recognised. Capital grants are recognised over the useful life of the related asset on the same basis as depreciation is charged.
HOPE Developer Consultants Ltd
Notes to the Unaudited Financial Statements
Year Ended 31 December 2024
Depreciation
|
Asset class |
Depreciation method and rate |
|
Plant and machinery |
25% reducing balance |
|
Motor vehicles |
25% reducing balance |
|
Office equipment |
25% reducing balance |
Work in progress
Work in progress is valued on the basis of direct costs plus attributable overheads based on normal level of activity. Provision is made for any foreseeable losses where appropriate. No element of profit is included in the valuation.
Financial instruments
Classification
• Short term trade and other debtors and creditors;
• Bank loans; and
• Cash and bank balances.
All financial instruments are classified as basic.
Recognition and measurement
Financial instruments are recognised when the company becomes party to the contractual provisions of the instrument and derecognised when in the case of assets, the contractual rights to cash flows from the assets expire or substantially all the risks and rewards of ownership are transferred to another party, or in the case of liabilities, when the company’s obligations are discharged, expire or are cancelled.
Except for bank loans, such instruments are initially measured at transaction price, including transaction costs, and are subsequently carried at the undiscounted amount of the cash or other consideration expected to be paid or received, after taking account of impairment adjustments.
Bank loans are initially measured at transaction price, including transaction costs, and are subsequently carried at amortised cost using the effective interest method.
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Staff numbers |
The average number of persons employed by the company (including directors) during the year, was
HOPE Developer Consultants Ltd
Notes to the Unaudited Financial Statements
Year Ended 31 December 2024
|
Creditors |
Creditors: amounts falling due within one year
|
Note |
2024 |
2023 |
|
|
Due within one year |
|||
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Loans and borrowings |
|
100,000 |
|
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Other creditors |
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529,502 |
|
|
630,553 |
629,502 |
|
Note |
2024 |
2023 |
|
|
Due within one year |
|||
|
Loans and borrowings |
|
100,000 |
|
|
Other creditors |
|
529,502 |
|
|
630,553 |
629,502 |
Creditors: amounts falling due after more than one year
|
Note |
2024 |
2023 |
|
|
Due after one year |
|||
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Loans and borrowings |
|
139,663 |
|
Loans and borrowings |
Current loans and borrowings
|
2024 |
2023 |
|
|
Redeemable preference shares |
|
|
|
2024 |
2023 |
|
|
Loans and borrowings due after one year |
||
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Other borrowings |
|
139,663 |
HOPE Developer Consultants Ltd
Notes to the Unaudited Financial Statements
Year Ended 31 December 2024
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Share capital |
Allotted, called up and fully paid shares
|
2024 |
2023 |
|||
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No. |
£ |
No. |
£ |
|
|
|
|
4 |
|
4 |