Hopping Harvest Limited 15658159 false 2024-04-18 2025-01-31 2025-01-31 The principal activity of the company is letting and operating of own or leased real estate, and residents property management. Digita Accounts Production Advanced 6.30.9574.0 true true 15658159 2024-04-18 2025-01-31 15658159 2025-01-31 15658159 core:CurrentFinancialInstruments 2025-01-31 15658159 core:CurrentFinancialInstruments core:WithinOneYear 2025-01-31 15658159 core:FurnitureFittingsToolsEquipment 2025-01-31 15658159 bus:SmallEntities 2024-04-18 2025-01-31 15658159 bus:AuditExemptWithAccountantsReport 2024-04-18 2025-01-31 15658159 bus:FilletedAccounts 2024-04-18 2025-01-31 15658159 bus:SmallCompaniesRegimeForAccounts 2024-04-18 2025-01-31 15658159 bus:RegisteredOffice 2024-04-18 2025-01-31 15658159 bus:Director2 2024-04-18 2025-01-31 15658159 bus:PrivateLimitedCompanyLtd 2024-04-18 2025-01-31 15658159 core:FurnitureFittingsToolsEquipment 2024-04-18 2025-01-31 15658159 core:PlantMachinery 2024-04-18 2025-01-31 15658159 countries:EnglandWales 2024-04-18 2025-01-31 iso4217:GBP xbrli:pure

Registration number: 15658159

Prepared for the registrar

Hopping Harvest Limited

Annual Report and Unaudited Financial Statements

for the Period from 18 April 2024 to 31 January 2025

 

Hopping Harvest Limited

(Registration number: 15658159)
Balance Sheet as at 31 January 2025

Note

2025
£

Fixed assets

 

Tangible assets

4

8,746

Current assets

 

Debtors

5

5,163

Cash at bank and in hand

 

45,512

 

50,675

Creditors: Amounts falling due within one year

6

(82,294)

Net current liabilities

 

(31,619)

Net liabilities

 

(22,873)

Capital and reserves

 

Called up share capital

2

Retained earnings

(22,875)

Shareholders' deficit

 

(22,873)

For the financial period ending 31 January 2025 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 period 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 in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

These financial statements have been 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 Profit and Loss Account.

Approved and authorised by the Board on 12 August 2025 and signed on its behalf by:
 


JL Walsh
Director

 

Hopping Harvest Limited

Notes to the Unaudited Financial Statements for the Period from 18 April 2024 to 31 January 2025

 

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:
Windsor House
Bayshill Road
Cheltenham
GL50 3AT

 

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 for, where disclosed in these accounting policies, certain items that are shown at fair value.

The presentational currency of the financial statements is Pounds Sterling, being the functional currency of the primary economic environment in which the company operates. Monetary amounts in these financial statements are rounded to the nearest Pound.

Going concern

After reviewing the company's forecasts and projections, the directors have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. The company therefore continues to adopt the going concern basis in preparing its financial statements.

Judgements

No significant judgements have been made by management in preparing these financial statements.

Key sources of estimation uncertainty

No key sources of estimation uncertainty have been identified by management in preparing these financial statements other than those detailed in these accounting policies.

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 returns, rebates and discounts and after eliminating sales within the company.

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

 

Hopping Harvest Limited

Notes to the Unaudited Financial Statements for the Period from 18 April 2024 to 31 January 2025

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Trade creditors are recognised initially at the transaction price and all are repayable within one year and hence are included at the undiscounted amount of cash expected to be paid.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

Defined contribution pension obligation

A defined contribution plan is a pension plan under which fixed contributions are paid into a pension fund and the company has no legal or constructive obligation to pay further contributions even if the fund does not hold sufficient assets to pay all employees the benefits relating to employee service in the current and prior periods.

Contributions to defined contribution plans are recognised as employee benefit expense when they are due. If contribution payments exceed the contribution due for service, the excess is recognised as a prepayment.

Financial instruments


Classification
Financial instruments are classified and accounted for according to the substance of the contractual arrangement, as financial assets, financial liabilities or equity instruments. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities. Where shares are issued, any component that creates a financial liability of the company is presented as a liability on the balance sheet. The corresponding dividends relating to the liability component are charged as interest expenses in the profit and loss account.


Recognition and measurement
All financial assets and liabilities are initially measured at transaction price (including transaction costs), except for those financial assets classified as at fair value through profit or loss, which are initially measured at fair value (which is normally the transaction price excluding transaction costs), unless the arrangement constitutes a financing transaction. If an arrangement constitutes a financing transaction, the financial asset or financial liability is measured at the present value of the future payments discounted at a market rate of interest for a similar debt instrument.


Impairment
Assets, other than those measured at fair value, are assessed for indicators of impairment at each balance sheet date. If there is objective evidence of impairment, an impairment loss is recognised in profit or loss.

 

3

Staff numbers

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

 

Hopping Harvest Limited

Notes to the Unaudited Financial Statements for the Period from 18 April 2024 to 31 January 2025

 

4

Tangible assets

Plant and machinery
£

Cost

Additions

9,815

At 31 January 2025

9,815

Depreciation

Charge for the period

1,069

At 31 January 2025

1,069

Carrying amount

At 31 January 2025

8,746

 

5

Debtors

2025
£

Prepayments

2,913

Other debtors

1,200

Accrued income

1,050

5,163

 

6

Creditors

Note

2025
£

Due within one year

 

Directors loan account

7

19,963

Trade creditors

 

115

Amounts due to related parties

7

60,440

Taxation and social security

 

336

Accruals

 

1,440

 

82,294

 

7

Related party transactions

At 31 January 2025, the company owed £19,963 to the directors in the form of a directors' loan account. The loan is unsecured, repayable on demand and no interest is payable.

At 31 January 2025, the company owed £60,440 to Fat Potato Limited, a company related by virtue of the directors. The loan is unsecured, repayable on demand and no interest is payable.