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Company Registration No. 13485434 (England and Wales)
MCHOPE PROPERTIES LTD Unaudited accounts for the year ended 30 June 2025
MCHOPE PROPERTIES LTD Unaudited accounts Contents
Page
Company information
3
Accountants' report
4
Statement of financial position
5
Notes to the accounts
6
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MCHOPE PROPERTIES LTD Company Information for the year ended 30 June 2025
Director
Ellyshalomi Jirhe OVWAH
Secretary
OVWAH, Jemima
Company Number
13485434 (England and Wales)
Registered Office
7 WAYLEN GARDEN DARTFORD DA1 5GJ ENGLAND
Accountants
Ease Accounting Associates UK Limited Chartered Accountants Base Point Dartford Business Park 61 Victoria Road DARTFORD Kent DA1 5FS
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Chartered Accountants' report to the board of directors on the preparation of the unaudited statutory accounts of MCHOPE PROPERTIES LTD for the year ended 30 June 2025
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of MCHOPE PROPERTIES LTD for the year ended 30 June 2025 as set out on pages 5 - 8 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 at icaew.com/membershandbook.
This report is made solely to the Board of Directors of MCHOPE PROPERTIES LTD, as a body, in accordance with the terms of our engagement letter dated 16 March 2023. Our work has been undertaken solely to prepare for your approval the accounts of MCHOPE PROPERTIES LTD and state those matters that we have agreed to state to the Board of Directors of MCHOPE PROPERTIES LTD, as a body, in this report in accordance with AAF 07/16 as detailed at icaew.com/compilation. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than MCHOPE PROPERTIES LTD and its Board of Directors as a body for our work or for this report.
It is your duty to ensure that MCHOPE PROPERTIES LTD has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and loss of MCHOPE PROPERTIES LTD. You consider that MCHOPE PROPERTIES LTD 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 accounts of MCHOPE PROPERTIES LTD. 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 accounts.
Ease Accounting Associates UK Limited Chartered Accountants Chartered Accountants Base Point Dartford Business Park 61 Victoria Road DARTFORD Kent DA1 5FS 12 March 2026
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MCHOPE PROPERTIES LTD Statement of financial position as at 30 June 2025
2025
2024
Notes
£
£
Fixed assets
Tangible assets
4
109,000
109,000
Current assets
Debtors
5
750
750
Cash at bank and in hand
2,319
3,755
3,069
4,505
Creditors: amounts falling due within one year
6
(45,420)
(41,664)
Net current liabilities
(42,351)
(37,159)
Total assets less current liabilities
66,649
71,841
Creditors: amounts falling due after more than one year
7
(109,727)
(109,282)
Net liabilities
(43,078)
(37,441)
Capital and reserves
Called up share capital
8
1
1
Profit and loss account
(43,079)
(37,442)
Shareholders' funds
(43,078)
(37,441)
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 director acknowledges his 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 and authorised for issue on 12 March 2026 and were signed on its behalf by
Ellyshalomi Jirhe OVWAH Director Company Registration No. 13485434
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MCHOPE PROPERTIES LTD Notes to the Accounts for the year ended 30 June 2025
1
Statutory information
MCHOPE PROPERTIES LTD is a private company, limited by shares, registered in England and Wales, registration number 13485434. The registered office is 7 WAYLEN GARDEN, DARTFORD, DA1 5GJ, 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. Statement on Accounting Policies "The financial statements have been prepared under the historical cost convention, which serves as the fundamental basis for recording most assets. Under this convention, assets are initially recognized at their original purchase price (historical cost). However, in certain cases, we have modified this convention to account for the revaluation of property, plant, and equipment as well as intangible assets. These revaluations are based on their current costs or fair values. The decision to revalue certain fixed assets reflects our commitment to accurately represent their value in our financial statements. By periodically assessing their worth, we aim to provide a more relevant and reliable picture of our financial position.
Presentation currency
The accounts are presented in £ sterling. Functional Currency: The financial statements of our company are presented in £ sterling (GBP), which is the functional currency. All amounts are expressed in GBP unless otherwise stated. Basis of Conversion: Transactions denominated in foreign currencies are initially recorded in the functional currency at the exchange rate prevailing on the transaction date. Monetary assets and liabilities denominated in foreign currencies are translated into GBP at the exchange rate on the balance sheet date. Non-monetary items carried at historical cost (e.g., property, plant, and equipment) are translated using the exchange rate at the transaction date. Non-monetary items measured at fair value (e.g., investment properties) are translated using the exchange rate at the valuation date.
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MCHOPE PROPERTIES LTD Notes to the Accounts for the year ended 30 June 2025
Turnover
Turnover Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances. Sale of goods Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods hastransferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods. Rendering of services 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. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.
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: The company has taken advantage of the provisions of FRS 15 to freeze the value of freehold property. No depreciation has been provided on freehold property as the directors consider depreciation to be immaterial because of the very long usefule economic life of the building.
Land & buildings
Freehold Property No Depreciation
Going concern
The financial statements have been prepared on a going concern basis, notwithstanding that the company’s shareholder funds show a negative balance as at the reporting date. The directors have assessed the financial position of the company and have prepared a cash flow forecast for at least the next 12 months from the date of approval of these financial statements. Based on this assessment, the directors are confident that the company has adequate resources to continue its operations and meet its liabilities as they fall due. Key considerations include: • Support from Creditors: The directors have obtained assurances from key creditors that payment terms will remain favorable to support the company’s liquidity position. • Profitability and Cash Flow: The company is expected to generate sufficient cash flow from operations to cover its ongoing obligations. • Director Support (if applicable): The directors are committed to providing financial support to the company, if necessary, to ensure it continues as a going concern. • Access to Financing (if applicable): The company has access to additional financing facilities, which remain undrawn at the reporting date. The directors have no intention to liquidate the company or to cease trading. Consequently, they believe it is appropriate to prepare the financial statements on a going concern basis. This conclusion is supported by the company's track record, future projections, and plans for improving financial performance and strengthening its balance sheet.
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MCHOPE PROPERTIES LTD Notes to the Accounts for the year ended 30 June 2025
4
Tangible fixed assets
Land & buildings
£
Cost or valuation
At cost
At 1 July 2024
109,000
At 30 June 2025
109,000
Depreciation
At 30 June 2025
-
Net book value
At 30 June 2025
109,000
At 30 June 2024
109,000
5
Debtors
2025
2024
£
£
Amounts falling due within one year
Trade debtors
750
750
6
Creditors: amounts falling due within one year
2025
2024
£
£
Other creditors
751
750
Loans from directors
44,214
40,519
Accruals
455
395
45,420
41,664
7
Creditors: amounts falling due after more than one year
2025
2024
£
£
Bank loans
109,727
109,282
8
Share capital
2025
2024
£
£
Allotted, called up and fully paid:
1 Ordinary shares of £1 each
1
1
9
Average number of employees
During the year the average number of employees was 0 (2024: 0).
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