Registration number: 09485761

Hope Valley Limited

(Registration number: 09485761)

Balance Sheet as at 5 April 2025

	Note	2025 £	2024 £
Fixed assets
Intangible assets	3	-	-
Tangible assets	4	378,936	379,334
		378,936	379,334
Current assets
Stocks		891,326	868,561
Debtors	5	313,410	160,337
Cash at bank and in hand		63,711	44,239
		1,268,447	1,073,137
Creditors: Amounts falling due within one year	6	(1,264,980)	(1,369,102)
Net current assets/(liabilities)		3,467	(295,965)
Total assets less current liabilities		382,403	83,369
Provisions for liabilities		(46,483)	(23,465)
Net assets		335,920	59,904
Capital and reserves
Called up share capital		100	100
Retained earnings		335,820	59,804
Shareholders' funds		335,920	59,904

Hope Valley Limited

(Registration number: 09485761)

Balance Sheet as at 5 April 2025 (continued)

For the financial period ending 5 April 2025 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 period 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 delivered in accordance with the provisions applicable to companies subject to the small companies regime and the option not to file the Directors' Report and the Profit and Loss Account has been taken.

These financial statements, which 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 and in accordance with the provisions of FRS 102 Section 1A Small Entities, were approved and authorised for issue by the Board on 21 October 2025 and signed on its behalf by:
 

.........................................

Mrs J Young

Director

Hope Valley Limited

Notes to the Unaudited Financial Statements for the Period from 1 April 2024 to 5 April 2025

1	Accounting policies

Statutory information

Hope Valley Limited is a private company, limited by shares, domiciled in England and Wales, company number 09485761. The registered office is at Rockhead House, Buxton, SK17 9RZ.

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 - 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Companies Act 2006.

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. The presentation currency is United Kingdom pounds sterling, which is the functional currency of the company. The financial statements are those of an individual entity.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods. in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts. Revenue is recognised at the point of sale.

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.

Deferred tax shall be recognised in respect of all timing differences at the reporting date, except as otherwise required by FRS102. Timing differences are differences between taxable profits and total comprehensive income as stated in the financial statements that 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 income tax is determined using tax rates and laws that have been enacted or substantively enacted by the reporting date.

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.

Hope Valley Limited

Notes to the Unaudited Financial Statements for the Period from 1 April 2024 to 5 April 2025 (continued)

1	Accounting policies (continued)

Depreciation

Depreciation is charged so as to write off the cost of assets over their estimated useful lives, as follows:

Asset class	Depreciation method and rate
Improvements to leasehold improvements	20% straight line basis
Plant and machinery	25% straight line basis
Fixtures and fittings	25% straight line basis
Motor vehicles	25% straight line basis
Computer equipment	33% straight line basis

Goodwill

Goodwill arising on the acquisition of an entity represents the excess of the cost of acquisition over the company’s interest in the net fair value of the identifiable assets, liabilities and contingent liabilities of the entity recognised at the date of acquisition. Goodwill is initially recognised as an asset at cost and is subsequently measured at cost less accumulated amortisation and accumulated impairment losses. Goodwill is held in the currency of the acquired entity and revalued to the closing rate at each reporting period date. Goodwill is amortised over its useful life, which shall not exceed ten years if a reliable estimate of the useful life cannot be made.

Amortisation

Amortisation is provided on intangible assets so as to write off the cost, less any estimated residual value, over their useful life as follows:

Asset class	Amortisation method and rate
Goodwill	20% straight line basis

Stocks

Stocks are stated at the lower of cost and net realisable value.

Leases

Leases in which substantially all the risks and rewards of ownership are retained by the lessor are classified as operating leases. Payments made under operating leases are charged to profit or loss on a straight-line basis over the period of the lease.

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.

Financial instruments

Financial instruments are classified and accounted for, according to the substance of the contractual arrangement, as financial assets, financial liabilities or equity instruments. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities. Where shares are issued, any component that creates a financial liability of the company is presented as a liability in the balance sheet. The corresponding dividends relating to the liability component are charged as interest expense in the statement of comprehensive income.

Hope Valley Limited

Notes to the Unaudited Financial Statements for the Period from 1 April 2024 to 5 April 2025 (continued)

2	Staff numbers

The average number of persons employed by the company (including directors) during the period, was 51 (2024 - 48).

3	Intangible assets

	Goodwill  £
Cost
At 1 April 2024	10,000
At 5 April 2025	10,000
Amortisation
At 1 April 2024	10,000
At 5 April 2025	10,000
Carrying amount
At 5 April 2025	-
At 31 March 2024	-

Hope Valley Limited

Notes to the Unaudited Financial Statements for the Period from 1 April 2024 to 5 April 2025 (continued)

5

Debtors

	2025 £	2024 £
Trade debtors	207,035	145,570
Prepayments	14,975	12,922
Other debtors	91,400	1,845
	313,410	160,337

6

Creditors

	2025 £	2024 £
Due within one year
Trade creditors	1,035,456	1,108,922
Taxation and social security	111,410	95,504
Other creditors	57,546	68,658
Directors loan account	19,536	56,568
Accruals	41,032	39,450
	1,264,980	1,369,102