Hope Enterprises (Nottingham) Limited - Accounts to registrar (filleted)

REGISTERED NUMBER: 05208916 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024

FOR

HOPE ENTERPRISES (NOTTINGHAM) LIMITED

Page

Company Information

1

Statement of Financial Position

2

Notes to the Financial Statements

3

Chartered Certified Accountants' Report

6

DIRECTOR:

Mr SJ Hackney

REGISTERED OFFICE:

Hope Centre

2 Southchurch Drive

Clifton

Nottingham

Nottinghamshire

NG11 8AR

REGISTERED NUMBER:

05208916 (England and Wales)

ACCOUNTANTS:

David Rice Associates Ltd

Chartered Certified Accountants

4 Wellington Circus

Nottingham

Nottinghamshire

NG1 5AL

FIXED ASSETS

Intangible assets

4

-

Tangible assets

5

7,703

6,160

7,703

6,160

CURRENT ASSETS

Debtors

6

51,098

42,711

Cash at bank

18,637

41,546

69,735

84,257

CREDITORS

Amounts falling due within one year

7

23,175

44,651

NET CURRENT ASSETS

46,560

39,606

TOTAL ASSETS LESS CURRENT
LIABILITIES

54,263

45,766

PROVISIONS FOR LIABILITIES

8

1,926

1,540

NET ASSETS

52,337

44,226

CAPITAL AND RESERVES

Called up share capital

1

Retained earnings

9

52,336

44,225

SHAREHOLDERS' FUNDS

52,337

44,226

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the director and authorised for issue on 23 September 2025 and were signed by:

Mr SJ Hackney - Director

1.	STATUTORY INFORMATION

Hope Enterprises (Nottingham) 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.

2.	ACCOUNTING POLICIES

Basis of preparing the financial statements and going concern

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. The financial statements have been prepared under the historical cost convention.

The accounts have been prepared under the historical cost convention on a going concern basis. The director has taken into account the guidance given by the Financial Reporting Council on Going Concern and Liquidity Risk: Guidance for UK Directors (October 2009)..

Turnover

Turnover represents sales of goods net of value added tax and other discounts.

Goodwill

Goodwill, being the amount paid in connection with the acquisition of a business in 2005, is being amortised evenly over its estimated useful life of three years.

Intangible assets

Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Fixtures and fittings

-

20% on reducing balance

Motor vehicles

-

25% on reducing balance

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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 statement of financial position date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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.

Hire purchase and leasing commitments

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 11 (2023 - 11 ) .

4.	INTANGIBLE FIXED ASSETS

Goodwill

£

COST

At 1 January 2024

and 31 December 2024

10,000

AMORTISATION

At 1 January 2024

and 31 December 2024

10,000

NET BOOK VALUE

At 31 December 2024

-

At 31 December 2023

-

5.	TANGIBLE FIXED ASSETS

Fixtures

and

Motor

fittings

vehicles

Totals

£

COST

At 1 January 2024

31,019

-

31,019

Additions

-

3,995

At 31 December 2024

31,019

3,995

35,014

DEPRECIATION

At 1 January 2024

24,859

-

24,859

Charge for year

1,869

583

2,452

At 31 December 2024

26,728

583

27,311

NET BOOK VALUE

At 31 December 2024

4,291

3,412

7,703

At 31 December 2023

6,160

-

6,160

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023

£

Amounts owed by group undertakings

41,276

35,088

Other debtors

9,822

7,623

51,098

42,711

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023

£

Trade creditors

989

-

Taxation and social security

4,578

2,348

Other creditors

17,608

42,303

23,175

44,651

8.	PROVISIONS FOR LIABILITIES

2024

2023

£

Deferred tax

1,926

1,540

Deferred

tax

£

Balance at 1 January 2024

1,540

Provided during year

386

Accelerated capital allowances

Balance at 31 December 2024

1,926

9.

RESERVES

Retained

earnings

£

At 1 January 2024

44,225

Profit for the year

8,111

At 31 December 2024

52,336

10.	ULTIMATE CONTROLLING PARTY

The controlling party and ultimate controlling party is Hope Church Nottingham, a charitable company limited by guarantee based in England and Wales.

The following reproduces the text of the report prepared for the director in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Statement of Financial Position. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Director are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Hope Enterprises (Nottingham) Limited for the year ended 31 December 2024 which comprise the Statement of Income and Retained Earnings, Statement of Financial Position and the related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Association of Chartered Certified Accountants, we are subject to its ethical and other professional requirements which are detailed at accaglobal.com/rulebook.

This report is made solely to the director of Hope Enterprises (Nottingham) Limited in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Hope Enterprises (Nottingham) Limited and state those matters that we have agreed to state to the director of Hope Enterprises (Nottingham) Limited in this report in accordance with the requirements of the Association of Chartered Certified Accountants as detailed at

https://www.accaglobal.com/gb/en/technical-activities/technical-resources-

search/2009/october/factsheet-163-audit-exempt-companies.html.

To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the company and its director for our work or for this report.

It is your duty to ensure that Hope Enterprises (Nottingham) Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Hope Enterprises (Nottingham) Limited. You consider that Hope Enterprises (Nottingham) Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of Hope Enterprises (Nottingham) Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.

David Rice Associates Ltd

Chartered Certified Accountants

4 Wellington Circus

Nottingham

Nottinghamshire

NG1 5AL

23 September 2025