| Hopefield Properties Limited |
Registered number |
| Balance Sheet |
13830754 |
| as at 31 January 2025 |
|
|
| Notes |
|
|
2025 |
|
|
2024 |
| £ |
£ |
| Fixed assets |
| Tangible assets |
4 |
|
20,322 |
|
|
22,313 |
| Investment properties |
5 |
|
1,200,000 |
|
|
1,200,000 |
|
|
|
|
1,220,322 |
|
|
1,222,313 |
| Current assets |
| Debtors |
6 |
|
7,498 |
|
|
9,538 |
| Cash at bank and in hand |
|
|
57,555 |
|
|
23,350 |
|
|
|
65,053 |
|
|
32,888 |
|
| Creditors: amounts falling due within one year |
7 |
|
(845,339) |
|
|
(822,644) |
|
| Net current liabilities |
|
|
|
(780,286) |
|
|
(789,756) |
|
| Total assets less current liabilities |
|
|
|
440,036 |
|
|
432,557 |
|
| Provisions for liabilities |
| Deferred tax |
|
|
|
(105,000) |
|
|
(105,000) |
|
| Net assets |
|
|
|
335,036 |
|
|
327,557 |
|
|
|
|
|
|
|
|
| Capital and reserves |
| Called up share capital |
|
|
|
1 |
|
|
1 |
| Profit and loss account |
|
|
|
335,035 |
|
|
327,556 |
|
| Shareholders' funds |
|
|
|
335,036 |
|
|
327,557 |
|
|
|
|
|
|
|
|
|
|
| The director is satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006. |
| The members have not required the company to obtain an audit in accordance with section 476 of the Act. |
| The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts. |
| The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies. |
|
|
|
|
| P Smith |
| Director |
| Approved by the board on 28 April 2026 |
|
| Hopefield Properties Limited |
| Notes to the Accounts |
| for the year ended 31 January 2025 |
|
|
| 1 |
Accounting policies |
|
|
Basis of preparation |
|
The accounts have been prepared under the historical cost convention, as modified by the revaluation of investment property, and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland, as applied to small entities by section 1A of the standard. |
|
|
Turnover |
|
Turnover represents commission, fee income and rent receivable. |
|
|
Tangible fixed assets |
|
Tangible fixed assets are measured at cost less depreciation. Depreciation is provided to write off the cost of assets over their expected useful life, as follows: |
|
Fixtures and equipment - |
25% p.a. on the reducing balance basis |
|
|
Investment properties |
|
Investment properties are initially valued at cost but are subject to revaluation at the balance sheet date to reflect open market value should this differ from the carrying value. Any changes in value are reflected in the profit and loss account. The company departs from the normal requirement to charge depreciation on investment properties in order to satisfy the overriding requirement for the accounts to give a true and fair view of the company's results and financial position. |
|
|
Deferred taxation |
|
Full provision is made for deferred tax liabilities resulting from timing differences, including a provision in respect of any revaluation of investment properties. Deferred tax is calculated on an un-discounted basis. |
|
|
|
| 2 |
Taxation |
2025 |
|
2024 |
| £ |
£ |
|
|
UK corporation tax |
2,685 |
|
3,407 |
|
Deferred tax |
- |
|
102,050 |
|
|
|
|
|
|
|
2,685 |
|
105,457 |
|
|
|
|
|
|
|
|
|
|
|
| 3 |
Employees |
2025 |
|
2024 |
| Number |
Number |
|
|
Average number of employees and company officers |
1 |
|
1 |
|
|
|
|
|
|
|
|
|
|
|
| 4 |
Tangible fixed assets |
Fixtures and |
|
|
| equipment |
| £ |
|
Cost |
|
At 1 February 2024 |
29,494 |
|
Additions |
4,782 |
|
At 31 January 2025 |
34,276 |
|
|
|
|
|
|
|
|
|
|
|
|
Amortisation |
|
At 1 February 2024 |
7,181 |
|
Provided during the year |
6,773 |
|
At 31 January 2025 |
13,954 |
|
|
|
|
|
|
|
|
|
|
|
|
Net book value |
|
At 31 January 2025 |
20,322 |
|
At 31 January 2024 |
22,313 |
|
|
|
|
|
|
|
|
|
|
|
|
|
| 5 |
Investment properties |
| £ |
|
Cost/valuation |
|
At 1 February 2024 |
1,200,000 |
|
|
At 31 January 2025 |
1,200,000 |
|
|
|
|
|
|
|
|
The company's investment properties have been valued by the director as at 31 January 2025 by reference to his knowledge of the local property market and other available information. The historical cost of the properties at 31 January 2025 amounted to £801,593 (2024: £801,593). |
|
|
|
| 6 |
Debtors |
2025 |
|
2024 |
| £ |
£ |
|
|
Other debtors |
7,498 |
|
9,538 |
|
|
|
|
|
|
|
|
|
|
|
| 7 |
Creditors: amounts falling due within one year |
2025 |
|
2024 |
| £ |
£ |
|
|
Corporation tax |
|
|
|
|
6,092 |
|
3,407 |
|
Other creditors |
839,247 |
|
819,237 |
|
|
|
|
|
|
845,339 |
|
822,644 |
|
|
|
|
|
|
|
|
|
|
|
| 8 |
Contingent liability |
|
|
The company is in dispute with the local council regarding any liability for business rates. The potential amount involved as at 31 January 2025 is calculated to be in the region of £29,000 (2024: £16,000). No provision has been made in the accounts in relation to this matter since the director is confident that the company is not liable. |
|
|
|
| 9 |
Controlling party |
|
|
At 31 January 2025 the company was controlled by the director, Mr P Smith, who owned the company's entire issued share capital. |
|
|
|
| 10 |
Other information |
|
|
Hopefield Properties Limited is a private company limited by shares and incorporated in England. Its registered office is 6 Crown Street, Brentwood, Essex CM14 4BA. |