REGISTERED NUMBER: 11765055 (England and Wales)

Unaudited Financial Statements for the Year Ended 31 January 2025

for

Hope Residential Ltd

Page

Company Information

1

Abridged Balance Sheet

2

Notes to the Financial Statements

4

DIRECTOR:

R Chitwanga

REGISTERED OFFICE:

18 Huntingdon Close

Corby

Northamptonshire

NN18 8RG

REGISTERED NUMBER:

11765055 (England and Wales)

ACCOUNTANTS:

CDA Accountancy

Unit 11/12 Hall Farm

Sywell Aerodrome

Sywell

Northamptonshire

NN6 0BN

FIXED ASSETS

Investment property

4

775,000

775,000

CURRENT ASSETS

Cash at bank

5,064

377

CREDITORS

Amounts falling due within one year

115,768

130,698

NET CURRENT LIABILITIES

(110,704

)

(130,321

)

TOTAL ASSETS LESS CURRENT LIABILITIES

664,296

644,679

CREDITORS

Amounts falling due after more than one year

(514,534

)

(514,534

)

PROVISIONS FOR LIABILITIES

(37,448

)

(24,733

)

NET ASSETS

112,314

105,412

CAPITAL AND RESERVES

Called up share capital

7

2

2

Fair value reserve

8

120,750

130,410

Retained earnings

(8,438

)

(25,000

)

SHAREHOLDERS' FUNDS

112,314

105,412

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 January 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 January 2025 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.

All the members have consented to the preparation of an abridged Income Statement and an abridged Balance Sheet for the year ended 31 January 2025 in accordance with Section 444(2A) of the Companies Act 2006.

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 31 October 2025 and were signed by:

R Chitwanga - Director

1.	STATUTORY INFORMATION

Hope Residential 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.

The presentation currency of the financial statements is the Pound Sterling (£).

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 as modified by the revaluation of certain assets.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Investment property

Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

Financial instruments

The company is party to only basic financial instruments such as cash, trade debtors and creditors and loans. Instruments such as trade debtors and trade creditors are initially recognised at their transaction cost and reviewed at the year end for impairment. Debt instruments not repayable on demand or due within one year, such as bank loans, are measured at amortised cost using the effective interest rate.

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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was NIL (2024 - NIL).

4.	INVESTMENT PROPERTY

Total

£

FAIR VALUE

At 1 February 2024

and 31 January 2025

775,000

NET BOOK VALUE

At 31 January 2025

775,000

At 31 January 2024

775,000

Fair value at 31 January 2025 is represented by:

£

Valuation in 2024

161,000

Cost

614,000

775,000

5.

LOANS

An analysis of the maturity of loans is given below:

31.1.25

31.1.24

£

£

Amounts falling due between two and five years:

Bank loans - 2-5 years

514,534

514,534

6.	SECURED DEBTS

The following secured debts are included within creditors:

31.1.25

31.1.24

£

£

Bank loans

514,534

514,534

The bank loans are mortgages, secured against the assets to which they relate

7.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.1.25

31.1.24

value:

£

£

2

Ordinary

£2

2

2

8.

RESERVES

Fair

value

reserve

£

At 1 February 2024

130,410

Fair value reserve

(9,660

)

At 31 January 2025

120,750