REGISTERED NUMBER: 12724753 (England and Wales)

Unaudited Financial Statements

for the Period 1st August 2025 to 31st March 2026

for

Hope Key Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

M A J Hope

L T Hope

REGISTERED OFFICE:

Hope Chapel House

Hope Chapel Hill

Clifton

Bristol

BS8 4ND

REGISTERED NUMBER:

12724753 (England and Wales)

ACCOUNTANTS:

Dunkley's

Woodlands Grange

Woodlands Lane

Bradley Stoke

Bristol

United Kingdom

BS32 4JY

FIXED ASSETS

Investment property

4

225,000

225,000

CURRENT ASSETS

Debtors

5

1,116

5,129

Cash at bank

6

1,552

5,822

2,668

10,951

CREDITORS

Amounts falling due within one year

7

19,075

29,902

NET CURRENT LIABILITIES

(16,407

)

(18,951

)

TOTAL ASSETS LESS CURRENT LIABILITIES

208,593

206,049

CREDITORS

Amounts falling due after more than one year

8

(157,000

)

(156,893

)

PROVISIONS FOR LIABILITIES

(11,031

)

(12,349

)

NET ASSETS

40,562

36,807

CAPITAL AND RESERVES

Called up share capital

10

100

100

Fair value reserve

11

52,914

-

Retained earnings

11

(12,452

)

36,707

SHAREHOLDERS' FUNDS

40,562

36,807

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the period ended 31st March 2026.

The members have not required the company to obtain an audit of its financial statements for the period ended 31st March 2026 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:

(a)	ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and

(b)

preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 10th August 2026 and were signed on its behalf by:

M A J Hope - Director

1.	STATUTORY INFORMATION

Hope Key Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2.	ACCOUNTING POLICIES

Basis of preparing the financial statements

These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention as modified by the revaluation of certain assets.

The financial statements are presented in Pound Sterling (£), which is the company's functional and presentation currency.

Critical accounting judgements and key sources of estimation uncertainty

In the application of the company’s accounting policies, the directors are required to make judgements, estimates and assumptions about the carrying amounts of assets and liabilities. These estimates are based on historical experience and other factors considered to be relevant and reasonable under the circumstances. Actual results may differ from these estimates.

The key areas of judgement and estimation uncertainty are as follows:

Investment property valuation

The company's investment property is stated at fair value. In determining fair value, management uses its knowledge of the property market and considers available market evidence, including recent transactions for comparable properties where available. Due to the inherent uncertainty of property valuations, actual outcomes may differ from those estimated.

Turnover

Turnover represents rental income arising from the company's property letting activities. Income is recognised in the period to which it relates and is stated net of value added tax where applicable.

The company derives all turnover from UK property rental activities.

Investment property

Investment property is initially recognised at cost and subsequently measured at fair value at each reporting date, with changes in fair value recognised in profit or loss.

Financial instruments

The company applies Section 11 "Basic Financial Instruments". Financial assets and liabilities are recognised at transaction price and subsequently measured at amortised cost.

Taxation

Taxation for the period comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the period end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Going concern

The financial statements have been prepared on a going concern basis. The directors have considered the company’s financial position and are satisfied that it will be able to meet its liabilities as they fall due for a period of at least twelve months from the date of approval of these financial statements.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the period was NIL (2025 - NIL).

4.	INVESTMENT PROPERTY

Total

£

FAIR VALUE

At 1st August 2025

and 31st March 2026

225,000

NET BOOK VALUE

At 31st March 2026

225,000

At 31st July 2025

225,000

Fair value at 31st March 2026 is represented by:

£

Valuation in 2021

73,945

Valuation in 2022

(25,000

)

Valuation in 2024

15,000

Cost

161,055

225,000

If investment property had not been revalued it would have been included at the following historical cost:

31.3.26

31.7.25

£

£

Cost

161,055

161,055

Investment property was valued on an open market basis on 31st March 2026 by the directors of the company .

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.26

31.7.25

£

£

Directors' current accounts

-

3,923

Prepayments

1,116

1,206

1,116

5,129

6.	CASH AT BANK

31.3.26

31.7.25

£

£

Bank account no. 1

1,552

5,822

Cash and cash equivalents comprise cash at bank and in hand and short-term deposits with an original maturity of three months or less.

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.26

31.7.25

£

£

Trade creditors

-

1,517

Directors' current accounts

14,276

14,099

Deferred income

3,600

13,177

Accrued expenses

1,199

1,109

19,075

29,902

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31.3.26

31.7.25

£

£

Bank loans more 5 yrs non-inst

157,000

156,893

Amounts falling due in more than five years:

Repayable otherwise than by instalments

Bank loans more 5 yrs non-inst

157,000

156,893

9.	SECURED DEBTS

The following secured debts are included within creditors:

31.3.26

31.7.25

£

£

Bank loan

157,000

156,893

Bank loan is secured against the investment property held by the company.

10.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.3.26

31.7.25

value:

£

£

100

Ordinary

£1

100

100

11.

RESERVES

Fair

Retained

value

earnings

reserve

Totals

£

£

£

At 1st August 2025

36,707

-

36,707

Profit for the period

3,755

3,755

Assets revalued in period

(52,914

)

52,914

-

At 31st March 2026

(12,452

)

52,914

40,462

12.	CONTINGENT LIABILITIES

The company had no contingent liabilities at the balance sheet date.

13.	OTHER FINANCIAL COMMITMENTS

At the balance sheet date the company had no capital or other financial commitments.

14.	RELATED PARTY DISCLOSURES

During the year, the company entered into the following transactions with related parties:

Directors' loan account: At the year end, the company owed £14,276 (2025: £10,176) to the directors. The balance is unsecured, interest-free and repayable on demand.

15.	POST BALANCE SHEET EVENTS

There have been no material events after the balance sheet date requiring disclosure or adjustment to the financial statements.