REGISTERED NUMBER: 02273923 (England and Wales)

Unaudited Financial Statements

for the Year Ended 31 December 2024

for

Hopecrest Holdings Limited

Page

Balance Sheet

1

Notes to the Financial Statements

3

FIXED ASSETS

Tangible assets

4

27,745

76,468

Investments

5

658,217

569,349

685,962

645,817

CURRENT ASSETS

Debtors

6

1,694,916

1,801,486

Cash at bank

6,843

8,063

1,701,759

1,809,549

CREDITORS

Amounts falling due within one year

7

(5,374

)

(19,301

)

NET CURRENT ASSETS

1,696,385

1,790,248

TOTAL ASSETS LESS CURRENT LIABILITIES

2,382,347

2,436,065

CREDITORS

Amounts falling due after more than one year

8

-

(44,821

)

NET ASSETS

2,382,347

2,391,244

CAPITAL AND RESERVES

Called up share capital

1,120,029

1,120,029

Retained earnings

1,262,318

1,271,215

2,382,347

2,391,244

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 Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 11 September 2025 and were signed by:

Mr B M Collins - Director

1.	STATUTORY INFORMATION

Hopecrest Holdings Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address are as below:

Registered number:

02273923

Registered office:

Blackbox

Beech Lane

Wilmslow

Cheshire

SK9 5ER

2.	ACCOUNTING POLICIES

Basis of preparing the financial statements

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.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, net of VAT and trade discounts.

When the outcome of a transaction can be estimated reliably, turnover from services is recognised by reference to the stage of completion at the balance sheet date. Stage of completion is measured by reference to finalisation of work completed.

Where the outcome cannot be measured reliably, turnover is recognised only to the extent of the expenses recognised that are recoverable

Tangible fixed assets

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

Plant and machinery

-

20% on reducing balance

Motor vehicles

-

25% on reducing balance

Computer equipment

-

33% on reducing balance

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.

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 2 (2023 - 2 ) .

4.	TANGIBLE FIXED ASSETS

Plant and

Motor

Computer

machinery

vehicles

equipment

Totals

£

£

£

£

COST

At 1 January 2024

4,150

97,600

667

102,417

Additions

-

16,000

-

16,000

Disposals

-

(72,500

)

-

(72,500

)

At 31 December 2024

4,150

41,100

667

45,917

DEPRECIATION

At 1 January 2024

1,176

24,773

-

25,949

Charge for year

830

7,786

222

8,838

Eliminated on disposal

-

(16,615

)

-

(16,615

)

At 31 December 2024

2,006

15,944

222

18,172

NET BOOK VALUE

At 31 December 2024

2,144

25,156

445

27,745

At 31 December 2023

2,974

72,827

667

76,468

5.	FIXED ASSET INVESTMENTS

Other

investments

£

COST

At 1 January 2024

569,349

Additions

88,868

At 31 December 2024

658,217

NET BOOK VALUE

At 31 December 2024

658,217

At 31 December 2023

569,349

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.24

31.12.23

£

£

Trade debtors

38,903

10,222

Amounts owed by group undertakings

332,882

220,002

Other debtors

1,323,131

1,571,262

1,694,916

1,801,486

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.24

31.12.23

£

£

Hire purchase contracts

-

10,462

Trade creditors

3,277

586

Taxation and social security

100

1,376

Other creditors

1,997

6,877

5,374

19,301

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31.12.24

31.12.23

£

£

Hire purchase contracts

-

44,821

9.	DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the year ended 31 December 2024 and the period ended 31 December 2023:

31.12.24

31.12.23

£

£

Mr B M Collins

Balance outstanding at start of year

1,100,113

1,249,164

Amounts advanced

48,468

162,379

Amounts repaid

(242,700

)

(311,430

)

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

905,881

1,100,113