| |
|
2025 |
|
2024 |
| |
|
£ |
£ |
|
£ |
£ |
| Fixed assets |
|
|
795,424 |
|
|
795,424 |
| Current assets |
|
231,604 |
|
|
244,578 |
|
| Creditors: amount falling due within one year |
|
(51,944) |
|
|
(54,060) |
|
|
Net current assets
|
|
|
179,660
|
|
|
190,518
|
|
Total assets less current liabilities
|
|
|
975,084 |
|
|
985,942 |
| Creditors: amount falling due after more than one year |
|
|
(200,100) |
|
|
(242,100) |
|
Net assets
|
|
|
774,984 |
|
|
743,842 |
| |
|
|
|
|
|
|
|
Capital and reserves
|
|
|
774,984 |
|
|
743,842 |
| |
NOTES TO THE ACCOUNTS
General Information
Hopgoods (Drapers) Limited is a private company, limited by shares, registered in England and Wales, registration number 01096462, registration address 10 Christchurch Road, Norwich, Norfolk, England, NR2 2AD.
The presentation currency is £ sterling.
| 1. |
Accounting policies
Significant accounting policies
Statement of compliance
These financial statements have been prepared in compliance with FRS 105 – The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006.
Basis of preparation
The financial statements have been prepared under the historical cost convention as modified by the revaluation of land and buildings and certain financial instruments measured at fair value in accordance with the accounting policies.
The financial statements are prepared in sterling which is the functional currency of the company.
Operating lease rentals
Rentals payable under operating leases are charged against income on a straight line basis over the lease term.
Tangible fixed assets
Tangible fixed assets comprise freehold land and property. Given the long term nature of this asset no depreciation is charged on this asset, it is stated at cost.
| Land and Buildings |
0% Reducing Balance |
Investment properties
Investment properties are properties held to earn rentals and/or for capital appreciation.
Investment properties are recognised in the accounts at cost and no depreciation is charged.
Fixed asset investments
Fixed asset investments are stated at cost less provision for any permanent diminution in value.
|
| 2. |
Tangible fixed assets
| Cost or valuation |
Land and Buildings |
|
Total |
| |
£ |
|
£ |
| At 01 March 2024 |
45,423 |
|
45,423 |
| Additions |
- |
|
- |
| Disposals |
- |
|
- |
| At 28 February 2025 |
45,423 |
|
45,423 |
| Depreciation |
| At 01 March 2024 |
- |
|
- |
| Charge for year |
- |
|
- |
| On disposals |
- |
|
- |
| At 28 February 2025 |
- |
|
- |
| Net book values |
| Closing balance as at 28 February 2025 |
45,423 |
|
45,423 |
| Opening balance as at 01 March 2024 |
45,423 |
|
45,423 |
|
| 3. |
Investments
| Cost |
Other investments other than loans |
|
Total |
| |
£ |
|
£ |
| At 01 March 2024 |
750,001 |
|
750,001 |
| Additions |
- |
|
- |
| Disposals |
- |
|
- |
| At 28 February 2025 |
750,001 |
|
750,001 |
|
| 4. |
Average number of employees
Average number of employees during the year was 4 (2024 : 4).
|
| 5. |
Related parties
During the year the company entered into the following transactions with related parties: | Amount due from/to related party | | Provision for doubtful debt from the related party |
|---|
| 2025
£ | | 2024
£ | | 2025
£ | | 2024
£ |
|---|
| Mrs S Hopgood | (242,100) | | (284,100) | | - | | - |
|
For the year ended 28 February 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Directors' Responsibilities:
The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
These accounts have been prepared in accordance with the micro-entity provisions and FRS 105, the Financial Reporting Standard applicable to the micro-entities regime. The accounts have been delivered in accordance with the provisions applicable to companies subject to the small companies regime. The income statement has not been delivered to the Registrar of Companies.
The financial statements were approved by the board of directors on 06 November 2025 and were signed on its behalf by: --------------------------------
Philip Hopgood
Director |
2
|
