REGISTERED NUMBER: 03587494 (England and Wales)

Unaudited Financial Statements for the Year Ended 30 November 2025

for

Hope Estates Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTOR:

Mr N Swift

REGISTERED OFFICE:

30 New Elvet

Durham

DH1 3AL

REGISTERED NUMBER:

03587494 (England and Wales)

ACCOUNTANTS:

Douglas Shaw Limited

7 Brenkley Way

Blezard Business Park

Seaton Burn

Tyne and Wear

NE13 6DS

FIXED ASSETS

Tangible assets

4

11,267,513

11,076,209

Investments

5

3,777,563

7,755,086

15,045,076

18,831,295

CURRENT ASSETS

Debtors

6

14,893,852

10,200,537

Cash at bank

172,500

132,404

15,066,352

10,332,941

CREDITORS

Amounts falling due within one year

7

117,125

181,574

NET CURRENT ASSETS

14,949,227

10,151,367

TOTAL ASSETS LESS CURRENT LIABILITIES

29,994,303

28,982,662

CREDITORS

Amounts falling due after more than one year

8

(28,509,118

)

(26,652,404

)

PROVISIONS FOR LIABILITIES

(40,393

)

(112,443

)

NET ASSETS

1,444,792

2,217,815

CAPITAL AND RESERVES

Called up share capital

100

100

Retained earnings

1,444,692

2,217,715

SHAREHOLDERS' FUNDS

1,444,792

2,217,815

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 November 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 November 2025 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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 director and authorised for issue on 26 August 2026 and were signed by:

Mr N Swift - Director

1.	STATUTORY INFORMATION

Hope Estates 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 director having reviewed the status of the company believes with the activities it undertakes that it would be defined as a trading company rather than an investment company.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Short leasehold

-

Over the term of the lease

Motor vehicles

-

25% on reducing balance

Computer equipment

-

33% on cost

Taxation

Taxation for the year 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 year 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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2024 - 1 ) .

4.	TANGIBLE FIXED ASSETS

Freehold

Short

Motor

Computer

property

leasehold

vehicles

equipment

Totals

£

£

£

£

£

COST

At 1 December 2024

11,061,384

5,784

35,140

8,902

11,111,210

Additions

195,010

-

-

-

195,010

At 30 November 2025

11,256,394

5,784

35,140

8,902

11,306,220

DEPRECIATION

At 1 December 2024

-

5,784

20,316

8,901

35,001

Charge for year

-

-

3,706

-

3,706

At 30 November 2025

-

5,784

24,022

8,901

38,707

NET BOOK VALUE

At 30 November 2025

11,256,394

-

11,118

1

11,267,513

At 30 November 2024

11,061,384

-

14,824

1

11,076,209

5.	FIXED ASSET INVESTMENTS

Other

investments

£

COST OR VALUATION

At 1 December 2024

7,755,086

Additions

526,519

Disposals

(4,277,645

)

Revaluations

(226,397

)

At 30 November 2025

3,777,563

NET BOOK VALUE

At 30 November 2025

3,777,563

At 30 November 2024

7,755,086

Cost or valuation at 30 November 2025 is represented by:

Other

investments

£

Valuation in 2021

326,121

Valuation in 2022

(236,826

)

Valuation in 2023

29,620

Valuation in 2024

333,857

Valuation in 2025

(226,397

)

Cost

3,551,188

3,777,563

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30.11.25

30.11.24

£

£

Trade debtors

69,151

80,663

Other debtors and prepayments

45,664

61,863

Amounts owed by related undertakings

12,874,763

9,454,763

Directors' loan accounts

1,904,274

603,248

14,893,852

10,200,537

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30.11.25

30.11.24

£

£

Trade creditors

9,734

-

Tax

-

58,086

Other creditors and accruals

107,391

123,488

117,125

181,574

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

30.11.25

30.11.24

£

£

Bank loans more 5 yrs non-inst

28,509,118

26,652,404

Amounts falling due in more than five years:

Repayable otherwise than by instalments

Bank loans more 5 yrs non-inst

28,509,118

26,652,404

9.	DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 30 November 2025 and 30 November 2024:

30.11.25

30.11.24

£

£

Mr N Swift

Balance outstanding at start of year

603,248

-

Amounts advanced

1,951,026

603,248

Amounts repaid

(650,000

)

-

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

1,904,274

603,248