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Filleted

Registration number: 14296024

Hope & Anchor Tenby Limited

trading as Hope & Anchor

Annual Report and Unaudited Financial Statements

for the Year Ended 30 November 2024

 

Hope & Anchor Tenby Limited

trading as Hope & Anchor

Contents

Company Information

1

Balance Sheet

2 to 3

Notes to the Financial Statements

4 to 9

 

Hope & Anchor Tenby Limited

trading as Hope & Anchor

Company Information

Directors

Mr M Evans

Mr J Rossiter

Registered office

The Office
China Cottage
Cob Lane
Tenby
Pembrokeshire
SA70 7AR

 

Hope & Anchor Tenby Limited

trading as Hope & Anchor

(Registration number: 14296024)
Balance Sheet as at 30 November 2024

Note

2024
£

2023
£

Fixed assets

 

Tangible assets

5

134,722

158,497

Current assets

 

Stocks

6

3,500

3,500

Debtors

7

10,435

4,513

Cash at bank and in hand

 

66,694

82,572

 

80,629

90,585

Creditors: Amounts falling due within one year

8

(232,851)

(224,344)

Net current liabilities

 

(152,222)

(133,759)

Total assets less current liabilities

 

(17,500)

24,738

Provisions for liabilities

(22,817)

(28,873)

Net liabilities

 

(40,317)

(4,135)

Capital and reserves

 

Called up share capital

100

100

Profit and loss account

(40,417)

(4,235)

Total equity

 

(40,317)

(4,135)

For the financial year ending 30 November 2024 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 year 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 and the option not to file the Profit and Loss Account has been taken.

 

Hope & Anchor Tenby Limited

trading as Hope & Anchor

(Registration number: 14296024)
Balance Sheet as at 30 November 2024

Approved and authorised by the Board on 29 August 2025 and signed on its behalf by:
 

.........................................
Mr M Evans
Director

   
     
 

Hope & Anchor Tenby Limited

trading as Hope & Anchor

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

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:
The Office
China Cottage
Cob Lane
Tenby
Pembrokeshire
SA70 7AR

These financial statements were authorised for issue by the Board on 29 August 2025.

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 that as disclosed in the accounting policies certain items are shown at fair value.

Going concern

The financial statements have been prepared on a going concern basis.

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 sales/value added tax, returns, rebates and discounts.

The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

Tax

The tax expense for the period comprises current and deferred tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

 

Hope & Anchor Tenby Limited

trading as Hope & Anchor

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

Deferred tax is recognised in respect of all timing differences between taxable profits and profits reported in the financial statements.

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

Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference.

Tangible assets

Tangible assets are stated in the balance sheet 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

15% Reducing balance

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.

Debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.

Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first-in, first-out (FIFO) method.

The cost of finished goods and work in progress comprises direct materials and, where applicable, direct labour costs and those overheads that have been incurred in bringing the inventories to their present location and condition. At each reporting date, stocks are assessed for impairment. If stocks are impaired, the carrying amount is reduced to its selling price less costs to complete and sell; the impairment loss is recognised immediately in profit or loss.

 

Hope & Anchor Tenby Limited

trading as Hope & Anchor

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

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 subsequently measured at amortised cost using the effective interest method.

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.

Dividends

Dividend distribution to the company’s shareholders is recognised as a liability in the financial statements in the reporting period in which the dividends are declared.

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.

3

Staff numbers

The average number of persons employed by the company (including directors) during the year, was 23 (2023 - 19).

4

Profit before tax

Arrived at after charging/(crediting)

2024
£

2023
£

Depreciation expense

23,775

33,395

 

Hope & Anchor Tenby Limited

trading as Hope & Anchor

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

5

Tangible assets

Plant and machinery
£

Total
£

Cost or valuation

At 1 December 2023

191,892

191,892

At 30 November 2024

191,892

191,892

Depreciation

At 1 December 2023

33,395

33,395

Charge for the year

23,775

23,775

At 30 November 2024

57,170

57,170

Carrying amount

At 30 November 2024

134,722

134,722

At 30 November 2023

158,497

158,497

Included within the net book value of land and buildings above is £Nil (2023 - £Nil) in respect of freehold land and buildings.
 

6

Stocks

2024
£

2023
£

Other inventories

3,500

3,500

7

Debtors

2024
£

2023
£

Prepayments

6,334

3,588

Other debtors

4,101

925

10,435

4,513

 

Hope & Anchor Tenby Limited

trading as Hope & Anchor

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

8

Creditors

Creditors: amounts falling due within one year

Note

2024
£

2023
£

Due within one year

 

Trade creditors

 

56,803

43,534

Taxation and social security

 

51,704

44,440

Amounts owed to group undertakings and undertakings in which the company has a participating interest

10

1,440

-

Other related parties

10

35,097

6,139

Directors' loan accounts

10

31,921

89,315

Outstanding defined contribution pension costs

 

1,013

-

Corporation tax liability

 

38,967

30,676

Other creditors

 

15,906

10,240

 

232,851

224,344

9

Share capital

Allotted, called up and fully paid shares

 

2024

2023

 

No.

£

No.

£

Ordinary A shares of £1 each

50

50

50

50

Ordinary B Shares of £1 each

50

50

50

50

 

100

100

100

100

 

Hope & Anchor Tenby Limited

trading as Hope & Anchor

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

10

Related party transactions

During the year the Company gave financial assistance to Cobourg Development Limited, a company controlled by the director. The balance due from the company at the balance sheet date was £35,000 (2023 £20,000). This loan is interest free and repayable on demand and has been included under note 7.

During the year the Company gave financial assistance to Tenby Bookshop Limited, a company controlled by the director. The balance due from the company at the balance sheet date was £29,903 (2023 £29,903). This loan is interest free and repayable on demand and has been included under note 7.

During the year the Company received financial assistance from Harbour Brewery Limited, a company controlled by the director. The balance due to the company at the balance sheet date was £0 (2023 £54,602). This loan is interest free and repayable on demand and has been included under note 8.

During the year the Company received financial assistance from Harbwr Tenby Limited, a company controlled by the director. The balance due to the company at the balance sheet date was £1,440 (2023 £1,440). This loan is interest free and repayable on demand and has been included under note 8.

Transactions with directors

2024

At 1 December 2023
£

Advances to director
£

Repayments by director
£

At 30 November 2024
£

Mr M Evans

Loan is interest free and repayable on demand

84,371

(95,000)

34,147

23,518

         
       

Mr J Rossiter

Loan is interest free and repayable on demand

4,944

(112,599)

116,058

8,403

         
       

 

2023

At 1 September 2022
£

Advances to director
£

Repayments by director
£

At 30 November 2023
£

Mr M Evans

Loan is interest free and repayable on demand

-

(59,349)

143,719

84,371

         
       

Mr J Rossiter

Loan is interest free and repayable on demand

-

(217,000)

221,944

4,944