REGISTERED NUMBER: 01295727 (England and Wales)

Unaudited Financial Statements for the Year Ended 30 April 2025

for

HOOPERS ELM FARMS LIMITED

Page

Company Information

1

Chartered Accountants' Report

2

Balance Sheet

3

Notes to the Financial Statements

5

DIRECTORS:

E D Oram

B H Oram

REGISTERED OFFICE:

11 Laura Place

Bath

BA2 4BL

REGISTERED NUMBER:

01295727 (England and Wales)

ACCOUNTANTS:

Richardson Swift

Chartered Accountants

11 Laura Place

Bath

BA2 4BL

The following reproduces the text of the report prepared for the directors 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 Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Directors 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 Hoopers Elm Farms Limited for the year ended 30 April 2025 which comprise the Income Statement, Balance Sheet, Statement of Changes in Equity 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 Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the Board of Directors of Hoopers Elm Farms Limited, as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Hoopers Elm Farms Limited and state those matters that we have agreed to state to the Board of Directors of Hoopers Elm Farms Limited, as a body, in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Hoopers Elm Farms Limited and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that Hoopers Elm Farms 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 Hoopers Elm Farms Limited. You consider that Hoopers Elm Farms 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 Hoopers Elm Farms 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.

Richardson Swift

Chartered Accountants

11 Laura Place

Bath

BA2 4BL

20 November 2025

FIXED ASSETS

Tangible assets

4

807,955

812,232

Investments

5

4

4

Investment property

6

350,000

699,928

1,157,959

1,512,164

CURRENT ASSETS

Stocks

10,100

10,100

Debtors

7

19,715

9,177

Cash at bank

199,469

-

229,284

19,277

CREDITORS

Amounts falling due within one year

8

235,793

359,740

NET CURRENT LIABILITIES

(6,509

)

(340,463

)

TOTAL ASSETS LESS CURRENT LIABILITIES

1,151,450

1,171,701

CREDITORS

Amounts falling due after more than one year

9

(171,013

)

(216,096

)

PROVISIONS FOR LIABILITIES

10

(37,872

)

(32,469

)

NET ASSETS

942,565

923,136

CAPITAL AND RESERVES

Called up share capital

11

100

100

Retained earnings

942,465

923,036

SHAREHOLDERS' FUNDS

942,565

923,136

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 April 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 April 2025 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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 Board of Directors and authorised for issue on 17 November 2025 and were signed on its behalf by:

B H Oram - Director

1.	STATUTORY INFORMATION

Hoopers Elm Farms 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

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.

Preparation of consolidated financial statements

The financial statements contain information about Hoopers Elm Farms Limited as an individual company and do not contain consolidated financial information as the parent of a group. The company is exempt under Section 399(2A) of the Companies Act 2006 from the requirements to prepare consolidated financial statements.

Turnover

Turnover represents amounts receivable for goods and services net of VAT and trade discounts, recognised when services are rendered.

Tangible fixed assets

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

Land and buildings

-

2% on cost

Short leasehold

-

Straight line over the life of the lease

Plant and machinery

-

15% on reducing balance

Motor vehicles

-

25% on reducing balance

Investments in subsidiaries

Investments in subsidiary undertakings are recognised at cost.

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.

Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Financial instruments

The company only enters into basic financial instruments transactions that result in the recognition of financial assets and liabilities like trade and other debtors, loans from banks and other third parties.

Financial assets that are measured at cost and amortised cost are assessed at the end of each reporting period for objective evidence of impairment. If objective evidence of impairment is found, an impairment loss is recognised in the profit or loss.

For financial assets measured at amortised cost, the impairment loss is measured as the difference between an asset's carrying amount and the present value of estimated cash flows discounted at the asset's original effective interest rate determined under the contract.

For financial assets measured at cost less impairment, the impairment loss is measured as the difference between an asset's carrying amount and the best estimate, which is an approximation, of the amount the company would receive for the asset if it were to be sold at the reporting date.

Financial assets and liabilities are offset and the net amount reported in the balance sheet when there is an enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

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.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet 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.

Hire purchase and leasing commitments

Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

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.

Government grants

Grants are credited to deferred revenue. Grants towards capital expenditure are released to the profit and loss account over the expected useful life of the assets. Grants towards revenue expenditure are released to the profit and loss account as the related expenditure is incurred.

Critical accounting judgements and key sources of estimation uncertainty

A key estimate obtained or made by the directors in preparing these financial statements is the appropriate value for property, and its treatment as investment property, see note regarding investment property. No other significant judgements or key assumptions have had to be made by the directors in preparing these financial statements

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2024 - 2 ) .

4.	TANGIBLE FIXED ASSETS

Land and

Short

Plant and

Motor

buildings

leasehold

machinery

vehicles

Totals

£

£

£

£

£

COST

At 1 May 2024

554,988

92,960

435,804

108,570

1,192,322

Additions

-

-

5,459

54,453

59,912

Disposals

-

-

(4,950

)

(54,610

)

(59,560

)

At 30 April 2025

554,988

92,960

436,313

108,413

1,192,674

DEPRECIATION

At 1 May 2024

-

-

328,782

51,308

380,090

Charge for year

-

-

16,399

16,846

33,245

Eliminated on disposal

-

-

(4,724

)

(23,892

)

(28,616

)

At 30 April 2025

-

-

340,457

44,262

384,719

NET BOOK VALUE

At 30 April 2025

554,988

92,960

95,856

64,151

807,955

At 30 April 2024

554,988

92,960

107,022

57,262

812,232

5.	FIXED ASSET INVESTMENTS

Shares in

group

undertakings

£

COST

At 1 May 2024

and 30 April 2025

4

NET BOOK VALUE

At 30 April 2025

4

At 30 April 2024

4

The company's investments at the Balance Sheet date in the share capital of companies include the following:

Urbanwalk Limited

Registered office: 11 Laura Place, Bath, BA2 4BL

Nature of business: Property development

%

Class of shares:

holding

Ordinary

50.00

6.	INVESTMENT PROPERTY

Total

£

FAIR VALUE

At 1 May 2024

699,928

Disposals

(349,928

)

At 30 April 2025

350,000

NET BOOK VALUE

At 30 April 2025

350,000

At 30 April 2024

699,928

7.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade debtors

7,513

2,553

Other debtors

12,202

6,624

19,715

9,177

8.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Bank loans and overdrafts

42,647

105,947

Hire purchase contracts

4,970

8,520

Trade creditors

51,492

43,108

Amounts owed to group undertakings

-

8

Taxation and social security

29,578

20,773

Other creditors

107,106

181,384

235,793

359,740

Within bank loans is a government supported bounce back loan.

9.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2025

2024

£

£

Bank loans

171,013

211,126

Hire purchase contracts

-

4,970

171,013

216,096

Within bank loans is a bank loan secured over a first legal charge over property known as 36 Gathorne Road, Southville, Bristol.

Within bank loans is a government supported bounce back loan.

10.	PROVISIONS FOR LIABILITIES

2025

2024

£

£

Deferred tax

37,872

32,469

Deferred

tax

£

Balance at 1 May 2024

32,469

Accelerated capital allowances

5,403

Balance at 30 April 2025

37,872

11.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2025

2024

value:

£

£

100

Ordinary shares

£1

100

100