REGISTERED NUMBER: 05066936 (England and Wales)

AUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024

FOR

HOPE HOUSE (LOTTERY) LTD

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTORS:

S R Henly

P R Inch

Mrs K Miller

G Morton

REGISTERED OFFICE:

Nant Lane

Morda

Oswestry

Shropshire

SY109BX

REGISTERED NUMBER:

05066936 (England and Wales)

INDEPENDENT AUDITORS:

D.R.E. & Co. (Audit) Limited

7 Lower Brook Street

Oswestry

Shropshire

SY11 2HG

CURRENT ASSETS

Stocks

5

1,816

1,240

Debtors

6

30,235

-

Cash at bank

122,496

311,464

154,547

312,704

CREDITORS

Amounts falling due within one year

7

149,680

307,837

NET CURRENT ASSETS

4,867

4,867

TOTAL ASSETS LESS CURRENT LIABILITIES

4,867

4,867

CAPITAL AND RESERVES

Called up share capital

2

2

Retained earnings

4,865

4,865

4,867

4,867

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 Board of Directors and authorised for issue on 13 June 2025 and were signed on its behalf by:

S R Henly - Director

1.	STATUTORY INFORMATION

Hope House (Lottery) Ltd 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.

2.	STATEMENT OF COMPLIANCE

The financial statements have been prepared in accordance with the Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic if 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.

The financial statements are presented in sterling (£), rounded to the nearest £1.

The accounts are for the individual entity only.

Turnover

Turnover represents the income received on weekly lottery ticket sales from both members and single ticket players. Turnover also includes raffle ticket sales.

Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost comprises direct materials and, where applicable, direct labour costs and those overheads that have been incurred in bringing the stocks to their present location and condition.

Stocks held for distribution at no or nominal consideration are measured at the lower of cost and replacement

cost, adjusted where applicable for any loss of service potential.

At each reporting date, an assessment is made for impairment. Any excess of the carrying amount of stocks over its estimated selling price less costs to complete and sell is recognised as an impairment loss in profit or

loss. Reversals of impairment losses are also recognised in profit or loss.

Financial instruments

The company has elected to apply the provisions of Section 11 ‘Basic Financial Instruments’ and Section 12

‘Other Financial Instruments Issues’ of FRS 102 to all of its financial instruments.

Financial instruments are recognised in the company's balance sheet when the company becomes party to the contractual provisions of the instrument.

Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

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.

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.

Cash and cash equivalents

Cash and cash equivalents are basic financial assets and include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities.

Equity instruments

Equity instruments issued by the company are recorded at the proceeds received, net of transaction costs.

Dividends payable on equity instruments are recognised as liabilities once they are no longer at the discretion

of the company.

Employee benefits

The costs of short-term employee benefits are recognised as a liability and an expense, unless those costs are required to be recognised as part of the cost of stock or fixed assets.

The cost of any unused holiday entitlement is recognised in the period in which the employee’s services are

received.

Termination benefits are recognised immediately as an expense when the company is demonstrably committed to terminate the employment of an employee or to provide termination benefits.

4.	EMPLOYEES AND DIRECTORS

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

5.

STOCKS

31.12.24

31.12.23

£

£

Stocks

1,816

1,240

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.24

31.12.23

£

£

Amounts due from related party

30,235

-

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.24

31.12.23

£

£

Trade creditors

32,996

16,529

Other creditors

-

147,461

Amounts due to related party

-

143,847

Accruals and deferred income

116,684

-

149,680

307,837

8.	DISCLOSURE UNDER SECTION 444(5B) OF THE COMPANIES ACT 2006

The Report of the Auditors was unqualified.

Aled R Davies FCCA (Senior Statutory Auditor)

for and on behalf of D.R.E. & Co. (Audit) Limited

9.	RELATED PARTY DISCLOSURES

The company distributes all of its profits to its parent undertaking, Hope House Children's Hospices under Gift Aid. The distribution for 2024 was £1,417,850 (2023: £1,283,700). At the balance sheet date Hope House (Lottery) Limited had amounts owing of £30,235 from its parent charity (2023: owed to £143,847). Interest is not charged on the outstanding balance.

During the year some of the members of Hope House, took part in the lottery. This was conducted on normal arm's length basis. A policy was introduced in 2014 to prohibit directors of the company, trustees of the parent undertaking, Hope House Children's Hospices, senior managers and employees directly involved in running the lottery, from taking part in the lottery.

10.	ULTIMATE CONTROLLING PARTY

The ultimate parent company of Hope House (Lottery) Limited is Hope House Children's Hospices, a registered charity and company, incorporated in England and Wales. The registered address of Hope House

Children's Hospices is Nant Lane, Morda, Oswestry, Shropshire, SY10 9BX.

The ultimate controlling parties of Hope House Children's Hospices are the Trustees.