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Company Registration No. 12679237 (England and Wales)
Hope Street Homes Ltd Unaudited accounts for the year ended 30 June 2025
Hope Street Homes Ltd Unaudited accounts Contents
Page
Company information
3
Statement of financial position
4
Notes to the accounts
5
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Hope Street Homes Ltd Company Information for the year ended 30 June 2025
Directors
Dominic Byrne Sheila Byrne
Company Number
12679237 (England and Wales)
Registered Office
8 Percy Street Rotherham South Yorkshire S65 1ED England
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Hope Street Homes Ltd Statement of financial position as at 30 June 2025
2025
2024
Notes
£
£
Fixed assets
Tangible assets
4
951
914
Investment property
5
861,737
1,024,565
862,688
1,025,479
Current assets
Debtors
6
46,124
29,724
Cash at bank and in hand
6,627
3,081
52,751
32,805
Creditors: amounts falling due within one year
7
(52,336)
(122,712)
Net current assets/(liabilities)
415
(89,907)
Total assets less current liabilities
863,103
935,572
Creditors: amounts falling due after more than one year
8
(951,771)
(1,019,157)
Net liabilities
(88,668)
(83,585)
Capital and reserves
Called up share capital
3
3
Revaluation reserve
107,052
101,619
Profit and loss account
(195,723)
(185,207)
Shareholders' funds
(88,668)
(83,585)
For the year ending 30 June 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 10 March 2026 and were signed on its behalf by
Dominic Byrne Director Company Registration No. 12679237
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Hope Street Homes Ltd Notes to the Accounts for the year ended 30 June 2025
1
Statutory information
Hope Street Homes Ltd is a private company, limited by shares, registered in England and Wales, registration number 12679237. The registered office is 8 Percy Street, Rotherham, South Yorkshire, S65 1ED, 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.
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. Monetary amounts in these financial statements are rounded to the nearest £.
Going concern
At the time of approving the financial statements, despite the current liability position of the company, it is still considered a going concern due to ongoing continued support from the directors. The directors have a reasonable expectation that the company shall continue in operational existence for the foreseeable future, thus the directors continue to adopt the going concern basis of accounting in preparing the financial statements.
Turnover
Turnover is recognised at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes, for goods and services provided in the normal course of business. The company recognises revenue when rent is due to be received from a tenant.
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.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. The company applies a de‑minimis policy for capital expenditure. Individual items of small value are expensed in the period of acquisition rather than capitalised. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Fixtures & fittings
33.33% straight line
Investment property
Investment property, which is property held to earn rentals and/or for capital appreciation, is initially recognised at cost, which includes the purchase cost and any directly attributable expenditure. Subsequently it is measured at fair value at the reporting end date. Changes in fair value are recognised in the income statement. Deferred taxation is provided on these gains at the rate expected to apply when the property is sold.
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Hope Street Homes Ltd Notes to the Accounts for the year ended 30 June 2025
Deferred taxation
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws. Deferred tax assets and liabilities are not discounted.
Revaluation reserve
The revaluation reserve arose from historic revaluations of investment properties recognised under previous accounting policies. Under the current accounting policy, investment properties are measured at fair value with movements recognised in profit or loss. During the year a property was disposed of and the portion of the historic reserve relating to that property has been transferred from the revaluation reserve to retained earnings. No further amounts are expected to be recognised in the revaluation reserve in respect of investment property.
4
Tangible fixed assets
Fixtures & fittings
£
Cost or valuation
At cost
At 1 July 2024
940
Additions
450
At 30 June 2025
1,390
Depreciation
At 1 July 2024
26
Charge for the year
413
At 30 June 2025
439
Net book value
At 30 June 2025
951
At 30 June 2024
914
5
Investment property
2025
£
Fair value at 1 July 2024
1,024,565
Disposals
(170,000)
Net gain from fair value adjustments
7,172
At 30 June 2025
861,737
The fair value of the investment property has been arrived at on the basis of a valuation carried out by the directors. The valuation was made on an open market value basis by reference to market evidence of transaction prices for similar properties.
- 6 -
Hope Street Homes Ltd Notes to the Accounts for the year ended 30 June 2025
6
Debtors
2025
2024
£
£
Amounts falling due within one year
Trade debtors
1,991
3,655
Deferred tax asset
18,490
18,499
Accrued income and prepayments
863
3,720
Other debtors
24,780
3,850
46,124
29,724
7
Creditors: amounts falling due within one year
2025
2024
£
£
Bank loans and overdrafts
-
11,770
Trade creditors
867
777
Taxes and social security
400
200
Other creditors
11,926
11,425
Loans from directors
29,746
86,969
Accruals
9,397
11,571
52,336
122,712
8
Creditors: amounts falling due after more than one year
2025
2024
£
£
Bank loans
638,483
706,365
Other creditors
313,288
312,792
951,771
1,019,157
Aggregate of amounts that fall due for payment after five years
638,483
554,885
Bank borrowings are secured by fixed charges over a number of the company’s property interests.
9
Loans to directors
The directors have loaned money to the company. At the balance sheet date, the amount owed to the directors was £29,746 (2024 - £86,969). No interest has been charged and the loan is repayable on demand.
10
Average number of employees
During the year the average number of employees was 0 (2024: 2).
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