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Company Registration No. 11740223 (England and Wales)
Higher Hopes Ltd Unaudited accounts for the year ended 31 March 2025
Higher Hopes Ltd Unaudited accounts Contents
Page
Company information
3
Statement of financial position
4
Notes to the accounts
5
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Higher Hopes Ltd Company Information for the year ended 31 March 2025
Directors
David Abbott James Northern Charlotte Abbott Lorraine Northern
Company Number
11740223 (England and Wales)
Registered Office
The Old Forge Manor Farm Bygrave SG7 5EE United Kingdom
Accountants
Project H Limited Accountants Beadle House Bull Plain Hertford Hertfordshire SG14 1DT
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Higher Hopes Ltd Statement of financial position as at 31 March 2025
2025
2024
Notes
£
£
Fixed assets
Tangible assets
4
16,019
11,838
Current assets
Debtors
5
223,767
120,823
Cash at bank and in hand
20,506
67,850
244,273
188,673
Creditors: amounts falling due within one year
6
(129,489)
(112,743)
Net current assets
114,784
75,930
Total assets less current liabilities
130,803
87,768
Creditors: amounts falling due after more than one year
7
(3,310)
(13,324)
Provisions for liabilities
Deferred tax
(524)
-
Net assets
126,969
74,444
Capital and reserves
Called up share capital
4
4
Profit and loss account
126,965
74,440
Shareholders' funds
126,969
74,444
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 5 June 2023 and were signed on its behalf by
David Abbott Director Company Registration No. 11740223
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Higher Hopes Ltd Notes to the Accounts for the year ended 31 March 2025
1
Statutory information
Higher Hopes Ltd is a private company, limited by shares, registered in England and Wales, registration number 11740223. The registered office is The Old Forge, Manor Farm, Bygrave, SG7 5EE, United Kingdom.
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.
3
Accounting policies
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
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Motor vehicles
20% Straight Line
Fixtures & fittings
33% Straight Line
Computer equipment
33% Straight Line
4
Tangible fixed assets
Motor vehicles
Fixtures & fittings
Computer equipment
Total
£
£
£
£
Cost or valuation
At cost
At cost
At cost
At 1 April 2024
10,681
4,619
5,069
20,369
Additions
4,306
3,007
3,211
10,524
At 31 March 2025
14,987
7,626
8,280
30,893
Depreciation
At 1 April 2024
4,396
395
3,740
8,531
Charge for the year
2,781
2,086
1,476
6,343
At 31 March 2025
7,177
2,481
5,216
14,874
Net book value
At 31 March 2025
7,810
5,145
3,064
16,019
At 31 March 2024
6,285
4,224
1,329
11,838
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Higher Hopes Ltd Notes to the Accounts for the year ended 31 March 2025
5
Debtors
2025
2024
£
£
Amounts falling due within one year
Trade debtors
145,308
82,260
Accrued income and prepayments
60,000
-
Other debtors
18,459
38,563
223,767
120,823
6
Creditors: amounts falling due within one year
2025
2024
£
£
Bank loans and overdrafts
10,023
21,977
Trade creditors
81,426
5,961
Taxes and social security
38,040
84,805
129,489
112,743
7
Creditors: amounts falling due after more than one year
2025
2024
£
£
Bank loans
3,310
13,324
8
Transactions with related parties
Included within debtors is a balance of £4,762 (2024: £3,145) owed by connected companies. The companies are connected by virtue of common directors.
9
Average number of employees
During the year the average number of employees was 20 (2024: 20).
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