Company registration number 12769383 (England and Wales)
HOP WORKS PROJECTS LIMITED
UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2025
PAGES FOR FILING WITH REGISTRAR
HOP WORKS PROJECTS LIMITED
CONTENTS
Page
Balance sheet
1 - 2
Notes to the financial statements
3 - 7
HOP WORKS PROJECTS LIMITED
BALANCE SHEET
AS AT
31 MARCH 2025
31 March 2025
- 1 -
2025
2024
Notes
£
£
£
£
Fixed assets
Tangible assets
3
3,351
5,029
Current assets
Stocks
(27,652)
(34,064)
Debtors
5
638,442
558,665
Cash at bank and in hand
183,466
397,115
794,256
921,716
Creditors: amounts falling due within one year
6
(712,324)
(851,010)
Net current assets
81,932
70,706
Total assets less current liabilities
85,283
75,735
Provisions for liabilities
(838)
(1,258)
Net assets
84,445
74,477
Capital and reserves
Called up share capital
100
100
Profit and loss reserves
84,345
74,377
Total equity
84,445
74,477
HOP WORKS PROJECTS LIMITED
BALANCE SHEET (CONTINUED)
AS AT
31 MARCH 2025
31 March 2025
- 2 -

For the financial year ended 31 March 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

T he members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The directors of the company have elected not to include a copy of the profit and loss account within the financial statements.true

The financial statements were approved by the board of directors and authorised for issue on 17 November 2025 and are signed on its behalf by:
Mr LEA Castledine
Mr W Parkinson
Director
Director
Ms AR Connor
Director
Company registration number 12769383 (England and Wales)
HOP WORKS PROJECTS LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2025
- 3 -
1
Accounting policies
Company information

Hop Works Projects Limited is a private company limited by shares incorporated in England and Wales. The registered office is 101 Turnmill Street, Farringdon, London, England, EC1M 5QP.

1.1
Accounting convention

These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. The disclosure requirements of section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The financial statements are prepared in sterling, which is the functional currency of the company. Monetary a mounts in these financial statements are rounded to the nearest £.

The financial statements have been prepared under the historical cost convention, [modified to include the revaluation of freehold properties and to include investment properties and certain financial instruments at fair value]. The principal accounting policies adopted are set out below.

1.2
Turnover

Revenue comprises sales of goods or services provided to customers net of value added tax and other sales taxes, less an appropriate deduction for actual and expected returns and discounts. Revenue is recognised when performance obligations are satisfied and the control of goods or services is transferred to the buyer. Where the performance obligation is satisfied over time, revenue is recognised in accordance with its progress towards complete satisfaction of that performance obligation.

When cash inflows are deferred and represent a financing arrangement, the promised consideration is adjusted for the effects of the time value of money, which is recognised as interest income.

Revenue from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have passed to the buyer (usually on dispatch of the goods), the amount of revenue can be measured reliably, it is probable that the economic benefits associated with the transaction will flow to the entity and the costs incurred or to be incurred in respect of the transaction can be measured reliably.

Revenue from contracts for the provision of professional services is recognised by reference to the stage of completion when the stage of completion, costs incurred and costs to complete can be estimated reliably. The stage of completion is calculated by comparing costs incurred, mainly in relation to contractual hourly staff rates and materials, as a proportion of total costs. Where the outcome cannot be estimated reliably, revenue is recognised only to the extent of the expenses recognised that are recover able.

1.3
Tangible fixed assets

Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses.

Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:

Computers
25% on reducing balance

The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to profit or loss.

HOP WORKS PROJECTS LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2025
1
Accounting policies
(Continued)
- 4 -
1.4
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.

1.5
Construction contracts

Where the outcome of a construction contract can be estimated reliably, revenue and costs are recognised by reference to the stage of completion of the contract activity at the reporting end date. Variations in contract work, claims and incentive payments are included to the extent that the amount can be measured reliably and its receipt is considered probable.

When it is probable that total contract costs will exceed total contract turnover, the expected loss is recognised as an expense immediately.

Where the outcome of a construction contract cannot be estimated reliably, contract revenue is recognised to the extent of contract costs incurred where it is probable that they will be recoverable. Contract costs are recognised as expenses in the period in which they are incurred. When costs incurred in securing a contract are recognised as an expense in the period in which they are incurred, they are not included in contract costs if the contract is obtained in a subsequent period.

The “percentage of completion method” is used to determine the appropriate amount to recognise in a given period. The stage of completion is measured by the proportion of contract costs incurred for work performed to date compared to the estimated total contract costs. Costs incurred in the year in connection with future activity on a contract are excluded from contract costs in determining the stage of completion. These costs are presented as stocks, prepayments or other assets depending on their nature, and provided it is probable they will be recovered. Bank interest accruing on capital borrowed to fund the production of long term contracts is carried forward within long term contract balances.

1.6
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.

1.7
Taxation

The tax expense represents the sum of the tax currently payable and deferred tax.

Current tax

The tax currently payable is based on taxable profit for the year. Taxable profit differs from net profit as reported in the profit and loss account because it excludes items of income or expense that are taxable or deductible in other years and it further excludes items that are never taxable or deductible. The company’s liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the reporting end date.

HOP WORKS PROJECTS LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2025
1
Accounting policies
(Continued)
- 5 -
Deferred tax

Deferred tax liabilities are generally recognised for all timing differences and deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Such assets and liabilities are not recognised if the timing difference arises from goodwill or from the initial recognition of other assets and liabilities in a transaction that affects neither the tax profit nor the accounting profit.

The carrying amount of deferred tax assets is reviewed at each reporting end date and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered. Deferred tax is calculated at the tax rates that are expected to apply in the period when the liability is settled or the asset is realised. Deferred tax is charged or credited in the profit and loss account, except when it relates to items charged or credited directly to equity, in which case the deferred tax is also dealt with in equity. Deferred tax assets and liabilities are offset when the company has a legally enforceable right to offset current tax assets and liabilities and the deferred tax assets and liabilities relate to taxes levied by the same tax authority.

1.8
Retirement benefits

Payments to defined contribution retirement benefit schemes are charged as an expense as they fall due.

2
Employees

The average monthly number of persons (including directors) employed by the company during the year was:

2025
2024
Number
Number
Total
6
5
3
Tangible fixed assets
Computers
£
Cost
At 1 April 2024
7,543
Disposals
(1,228)
At 31 March 2025
6,315
Depreciation and impairment
At 1 April 2024
2,514
Depreciation charged in the year
1,257
Eliminated in respect of disposals
(807)
At 31 March 2025
2,964
HOP WORKS PROJECTS LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2025
3
Tangible fixed assets
Computers
£
(Continued)
- 6 -
Carrying amount
At 31 March 2025
3,351
At 31 March 2024
5,029
4
Construction contracts
2025
2024
Other construction contract balances
£
£
Retentions held by customers for contract work
44,859
55,154

At 31 March 2025, retentions held by customers for contract work amounted to £44,858 (2024: £55,154). This is included within trade debtors.

At 31 March 2025, retentions held by Hop Works for contract work amounted to £51,454 (2024: £42,209). This is included within trade debtors.

5
Debtors
2025
2024
Amounts falling due within one year:
£
£
Trade debtors
631,819
510,740
Other debtors
6,623
47,925
638,442
558,665
6
Creditors: amounts falling due within one year
2025
2024
£
£
Trade creditors
133,719
283,866
Taxation and social security
106,076
115,310
Other creditors
472,529
451,834
712,324
851,010
7
Operating lease commitments
As lessee
HOP WORKS PROJECTS LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2025
7
Operating lease commitments
(Continued)
- 7 -

At the reporting end date the company had outstanding commitments for future minimum lease payments under non-cancellable operating leases, as follows:

2025
2024
£
£
Total commitments
13,109
-
8
Related party transactions
Transactions with related parties

During the year the company entered into the following transactions with related parties:

Sales
Sales
Purchases
Purchases
2025
2024
2025
2024
£
£
£
£
Other related parties
4,629
11,297
185,921
20,563
2025
2024
Amounts due to related parties
£
£
Other related parties
101,711
372,867

The following amounts were outstanding at the reporting end date:

2025
2024
Amounts due from related parties
£
£
Other related parties
39,250
412,824
2025-03-31 2024-04-01 false false false 17 November 2025 CCH Software CCH Accounts Production 2025.200 No description of principal activity Mr L E A Castledine Mr W Parkinson Ms A R Connor 12769383 2024-04-01 2025-03-31 12769383 2025-03-31 12769383 2024-03-31 12769383 core:ComputerEquipment 2025-03-31 12769383 core:ComputerEquipment 2024-03-31 12769383 core:CurrentFinancialInstruments core:WithinOneYear 2025-03-31 12769383 core:CurrentFinancialInstruments core:WithinOneYear 2024-03-31 12769383 core:ShareCapital 2025-03-31 12769383 core:ShareCapital 2024-03-31 12769383 core:RetainedEarningsAccumulatedLosses 2025-03-31 12769383 core:RetainedEarningsAccumulatedLosses 2024-03-31 12769383 bus:Director1 2024-04-01 2025-03-31 12769383 bus:Director2 2024-04-01 2025-03-31 12769383 bus:Director3 2024-04-01 2025-03-31 12769383 core:ComputerEquipment 2024-04-01 2025-03-31 12769383 2023-04-01 2024-03-31 12769383 core:ComputerEquipment 2024-03-31 12769383 core:CurrentFinancialInstruments 2025-03-31 12769383 core:CurrentFinancialInstruments 2024-03-31 12769383 core:WithinOneYear 2025-03-31 12769383 core:WithinOneYear 2024-03-31 12769383 core:OtherRelatedParties core:SaleOrPurchaseGoods 2024-04-01 2025-03-31 12769383 core:OtherRelatedParties core:SaleOrPurchaseGoods 2023-04-01 2024-03-31 12769383 bus:PrivateLimitedCompanyLtd 2024-04-01 2025-03-31 12769383 bus:SmallCompaniesRegimeForAccounts 2024-04-01 2025-03-31 12769383 bus:FRS102 2024-04-01 2025-03-31 12769383 bus:AuditExemptWithAccountantsReport 2024-04-01 2025-03-31 12769383 bus:FullAccounts 2024-04-01 2025-03-31 xbrli:pure xbrli:shares iso4217:GBP