Hope Mens & Ladies Clothing Limited 31/03/2025 iXBRL

Company registration number: 3729252

Hope Mens & Ladies Clothing Limited

Unaudited filleted financial statements

31 March 2025

Hope Mens & Ladies Clothing Limited

Contents

Directors and other information

Accountants report

Statement of financial position

Notes to the financial statements

Hope Mens & Ladies Clothing Limited

Directors and other information


	Director	Mr Royston Davies


	Company number	3729252


	Registered office	Suite 4 Europa House, Europa Way
		Britannia Enterprise Park
		Lichfield
		Staffordshire
		WS14 9TZ


	Accountants	Lindley & Co
		Suite 4 Europa House, Europa Way
		Britannia Enterprise Park
		Lichfield
		Staffordshire
		WS14 9TZ




	Bankers	Lloyds TSB
		George Row
		Northampton

Hope Mens & Ladies Clothing Limited

Report to the director on the preparation of the

unaudited statutory financial statements of Hope Mens & Ladies Clothing Limited

Year ended 31 March 2025

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Hope Mens & Ladies Clothing Limited for the year ended 31 March 2025 which comprise the statement of financial position and related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Association of Chartered Certified Accountants , we are subject to its ethical and other professional requirements which are detailed at http://www.accaglobal.com/en/member/ professional-standards/ rules-standards/acca-rulebook.html.

This report is made solely to the director of Hope Mens & Ladies Clothing Limited, as a body, in accordance with the terms of our engagement letter. Our work has been undertaken solely to prepare for your approval the financial statements of Hope Mens & Ladies Clothing Limited and state those matters that we have agreed to state to them, as a body, in this report in accordance with the requirements of the Association of Chartered Certified Accountants as detailed at https://www.accaglobal.com/content/dam/ACCA_Global/Technical/fact/tf-163-jan-24.pdf. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Hope Mens & Ladies Clothing Limited and its director as a body for our work or for this report.

It is your duty to ensure that Hope Mens & Ladies Clothing Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and loss of Hope Mens & Ladies Clothing Limited. You consider that Hope Mens & Ladies Clothing Limited 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 financial statements of Hope Mens & Ladies Clothing Limited. 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 financial statements.

Lindley & Co

Chartered Certified Accountants

Suite 4 Europa House, Europa Way

Britannia Enterprise Park

Lichfield

Staffordshire

WS14 9TZ

17 November 2025

Hope Mens & Ladies Clothing Limited

Statement of financial position

31 March 2025

		2025		2024
	Note	£	£	£	£

Fixed assets
Tangible assets	5	1,921,244		1,935,308
		_______		_______
			1,921,244		1,935,308

Current assets
Debtors	6	30,669		13,004
Investments	7	93,651		175,365
Cash at bank and in hand		63,528		198,188
		_______		_______
		187,848		386,557
Creditors: amounts falling due
within one year	8	( 117,885)		( 187,854)
		_______		_______
Net current assets			69,963		198,703
			_______		_______
Total assets less current liabilities			1,991,207		2,134,011

Creditors: amounts falling due
after more than one year	9		( 708,786)		( 721,218)

Provisions for liabilities			( 73,962)		( 73,962)

			_______		_______
Net assets			1,208,459		1,338,831
			_______		_______

Capital and reserves
Called up share capital			2		2
Profit and loss account			1,208,457		1,338,829
			_______		_______
Shareholders funds			1,208,459		1,338,831
			_______		_______

For the year ending 31 March 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

- The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476;

- The director acknowledges their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.

In accordance with section 444 of the Companies Act 2006, the statement of comprehensive income has not been delivered.

These financial statements were approved by the board of directors and authorised for issue on 17 November 2025 , and are signed on behalf of the board by:

Mr Royston Davies

Director

Company registration number: 3729252

Hope Mens & Ladies Clothing Limited

Notes to the financial statements

Year ended 31 March 2025

1. General information

The company is a private company limited by shares, registered in England. The address of the registered office is Hope Mens & Ladies Clothing Limited, Suite 4 Europa House, Europa Way, Britannia Enterprise Park, Lichfield, Staffordshire, WS14 9TZ.

2. Statement of compliance

These financial statements have been prepared in compliance with the provisions of FRS 102, Section 1A, 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.

3. Accounting policies

Basis of preparation

The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.

The financial statements are prepared in sterling, which is the functional currency of the entity.

Taxation

The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in the statement of comprehensive income, except to the extent that it relates to items recognised in other comprehensive income or directly in capital and reserves. In this case, tax is recognised in other comprehensive income or directly in capital and reserves, respectively. Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.

Deferred tax is recognised in respect of all timing differences at the reporting date. Unrelieved tax losses and other deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date that are expected to apply to the reversal of the timing difference.

Tangible assets

tangible assets are initially recorded at cost, and are subsequently stated at cost less any accumulated depreciation and impairment losses.

Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

Depreciation

Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:


Freehold buildings	-	1 %	straight line
Long leasehold property	-	10 %	straight line
Fittings fixtures and equipment	-	15 %	reducing balance
Motor vehicles	-	15 %	straight line

If there is an indication that there has been a significant change in depreciation rate, useful life or residual value of tangible assets, the depreciation is revised prospectively to reflect the new estimates.

Investment property

Investment properties for which fair value can be measured reliably without undue cost or effort are measured at fair value at each reporting date with changes in fair value recognised in profit or loss.

Impairment

A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date. When it is not possible to estimate the recoverable amount of an individual asset, an estimate is made of the recoverable amount of the cash-generating unit to which the asset belongs. The cash-generating unit is the smallest identifiable group of assets that includes the asset and generates cash inflows that are largely independent of the cash inflows from other assets or groups of assets.

Provisions

Provisions are recognised when the entity has an obligation at the reporting date as a result of a past event; it is probable that the entity will be required to transfer economic benefits in settlement and the amount of the obligation can be estimated reliably. Provisions are recognised as a liability in the statement of financial position and the amount of the provision as an expense. Provisions are initially measured at the best estimate of the amount required to settle the obligation at the reporting date and subsequently reviewed at each reporting date and adjusted to reflect the current best estimate of the amount that would be required to settle the obligation. Any adjustments to the amounts previously recognised are recognised in profit or loss unless the provision was originally recognised as part of the cost of an asset. When a provision is measured at the present value of the amount expected to be required to settle the obligation, the unwinding of the discount is recognised in finance costs in profit or loss in the period it arises.

Financial instruments

A financial asset or a financial liability is recognised only when the company becomes a party to the contractual provisions of the instrument.

Basic financial instruments are initially recognised at the transaction price, unless the arrangement constitutes a financing transaction, where it is recognised at the present value of the future payments discounted at a market rate of interest for a similar debt instrument.

Debt instruments are subsequently measured at amortised cost.

Financial assets that are measured at cost or amortised cost are reviewed for objective evidence of impairment at the end of each reporting date. If there is objective evidence of impairment, an impairment loss is recognised in profit or loss immediately. Any reversals of impairment are recognised in profit or loss immediately, to the extent that the reversal does not result in a carrying amount of the financial asset that exceeds what the carrying amount would have been had the impairment not previously been recognised.

4. Employee numbers

The average number of persons employed by the company during the year amounted to Nil (2024: 2 ).

5. Tangible assets

	Long leasehold property	Fixtures, fittings and equipment	Motor vehicles	Total
	£	£	£	£
Cost
At 1 April 2024 and 31 March 2025	1,925,000	18,334	44,340	1,987,674
	_______	_______	_______	_______
Depreciation
At 1 April 2024	13,500	17,605	21,261	52,366
Charge for the year	2,250	729	11,085	14,064
	_______	_______	_______	_______
At 31 March 2025	15,750	18,334	32,346	66,430
	_______	_______	_______	_______
Carrying amount
At 31 March 2025	1,909,250	-	11,994	1,921,244
	_______	_______	_______	_______
At 31 March 2024	1,911,500	729	23,079	1,935,308
	_______	_______	_______	_______

Investment property

Included within the above is investment property measured at fair value as follows:

		£
	At 1 April 2024 and 31 March 2025	1,909,250
		_______

Investment properties were valued by the director at 31 March 2025.

Tangible assets held at valuation

In respect of tangible assets held at valuation, the aggregate cost, depreciation and comparable carrying amount that would have been recognised if the assets had been carried under the historical cost model are as follows:


	Freehold property	Total
	£	£
At 31 March 2025
Aggregate cost	-	-
Aggregate depreciation	-	-
	_______	_______
Carrying amount	-	-
	_______	_______

At 31 March 2024
Aggregate cost	1,445,988	1,445,988
Aggregate depreciation	(56,603)	(56,603)
	_______	_______
Carrying amount	1,389,385	1,389,385
	_______	_______

6. Debtors

	2025	2024
	£	£
Other debtors	30,669	13,004
	_______	_______

7. Investments

	2025	2024
	£	£
Other investments	93,651	175,365
	_______	_______

8. Creditors: amounts falling due within one year

	2025	2024
	£	£
Bank loans and overdrafts	10,600	10,096
Trade creditors	54,101	80,576
Corporation tax	38,239	27,964
Social security and other taxes	2,695	-
Other creditors	12,250	69,218
	_______	_______
	117,885	187,854
	_______	_______

9. Creditors: amounts falling due after more than one year

	2025	2024
	£	£
Bank loans and overdrafts	708,786	721,218
	_______	_______

Bank loans of £690,085 (2024 £696,215) are secured by way of a charge over company properties.

Included within creditors: amounts falling due after more than one year is an amount of £ 690,085 (2024 £ 696,215 ) in respect of liabilities payable or repayable by instalments which fall due for payment after more than five years from the reporting date.

10. Directors advances, credits and guarantees

	During the year the director entered into the following advances and credits with the company:

2025
		Balance brought forward	Advances /(credits) to the director	Balance o/standing
		£	£	£
	Mr Royston Davies	( 30,461)	60,169	29,708
		_______	_______	_______

2024
		Balance brought forward	Advances /(credits) to the director	Balance o/standing
		£	£	£
	Mr Royston Davies	( 12,278)	( 18,183)	( 30,461)
		_______	_______	_______

11. Related party transactions

Dividends of £37,700 were paid to the director during the year.

12. Controlling party

The company is controlled by Royston Davies, who, together with family interests holds 100% of the issued share capital.