Company Registration No. 10821130 (England and Wales)
HIGH HOPE PROPERTY LIMITED
for the year ended 31 March 2025
HIGH HOPE PROPERTY LIMITED
Contents
HIGH HOPE PROPERTY LIMITED
Company Information
for the year ended 31 March 2025
Directors
Mrs Jagruti Soni
Mr Nirav Mansukhbai Soni
Company Number
10821130 (England and Wales)
Registered Office
40 FOXTON ROAD HAMILTON
LEICESTER
LE5 1AY
ENGLAND
Accountants
BGS Accounting Limited
75 Exploration Drive
Leicester
LE4 5NU
HIGH HOPE PROPERTY LIMITED
Statement of financial position
as at 31 March 2025
Investment property
1,520,753
1,333,902
Cash at bank and in hand
12,276
10,848
Creditors: amounts falling due within one year
(147,178)
(87,233)
Net current liabilities
(134,902)
(76,385)
Total assets less current liabilities
1,385,851
1,257,517
Creditors: amounts falling due after more than one year
(1,303,531)
(1,182,298)
Called up share capital
2
2
Capital contribution reserve
(4,758)
-
Profit and loss account
87,076
75,217
Shareholders' funds
82,320
75,219
For the year ending 31 March 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 18 September 2025 and were signed on its behalf by
Mr Nirav Mansukhbai Soni
Director
Company Registration No. 10821130
HIGH HOPE PROPERTY LIMITED
Notes to the Accounts
for the year ended 31 March 2025
HIGH HOPE PROPERTY LIMITED is a private company, limited by shares, registered in England and Wales, registration number 10821130. The registered office is 40 FOXTON ROAD HAMILTON, LEICESTER, LE5 1AY, ENGLAND.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006
The accounts are presented in £ sterling.
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
All investment properties are carried at fair value determined annually and derived from the current market rents and investment property yields for comparable real estate, adjusted if necessary for any difference in the nature, location or condition of the specific asset. No depreciation is provided for. Changes in fair value are recognised in the profit and loss account.
Fair value at 1 April 2024
1,333,902
At 31 March 2025
1,520,753
The investment property has not been professionally valued during the year. The property was initially included at cost, and the directors believe that the fair value of the property as at the year ended 31 March 2023 is not materially different to the cost.
Fair value will be reviewed by the directors on an annual basis and any movements in fair value will be treated in accordance with the applicable accounting standards.
HIGH HOPE PROPERTY LIMITED
Notes to the Accounts
for the year ended 31 March 2025
5
Creditors: amounts falling due within one year
2025
2024
Bank loans and overdrafts
12,250
13,140
Trade creditors
6,275
6,275
Amounts owed to group undertakings and other participating interests
-
11,000
Loans from directors
128,698
55,875
6
Creditors: amounts falling due after more than one year
2025
2024
Bank loans
507,889
520,443
Amounts owed to group undertakings and other participating interests
795,642
661,855
7
Average number of employees
During the year the average number of employees was 2 (2024: 2).