Hope Valley Residential Limited - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 10616184 (England and Wales)

Unaudited Financial Statements for the Year Ended 31 March 2019

for

Hope Valley Residential Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

V S Middleton OBE

A J F Harrison

REGISTERED OFFICE:

Newburgh Works

Bradwell

Hope Valley

Derbyshire

S33 9NT

REGISTERED NUMBER:

10616184 (England and Wales)

ACCOUNTANTS:

SMH Haywood & Co Limited

24-26 Mansfield Road

Rotherham

South Yorkshire

S60 2DT

FIXED ASSETS

Investment property

4

1,980,000

1,866,000

CURRENT ASSETS

Debtors

5

16,274

379,827

Cash at bank

231,547

669

247,821

380,496

CREDITORS

Amounts falling due within one year

6

(33,247

)

(29,500

)

NET CURRENT ASSETS

214,574

350,996

TOTAL ASSETS LESS CURRENT LIABILITIES

2,194,574

2,216,996

PROVISIONS FOR LIABILITIES

(162,131

)

(140,532

)

NET ASSETS

2,032,443

2,076,464

CAPITAL AND RESERVES

Called up share capital

7

5,281

5,281

Retained earnings

2,027,162

2,071,183

SHAREHOLDERS' FUNDS

2,032,443

2,076,464

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2019.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2019 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 on 18 December 2019 and were signed on its behalf by:

V S Middleton OBE - Director

1.	STATUTORY INFORMATION

Hope Valley Residential 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.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts,

rebates, value added tax and other sales taxes.

Investment property

Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes

in fair value is recognised in profit or loss.

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 2 (2018 - 2 ) .

4.	INVESTMENT PROPERTY

Total

£

FAIR VALUE

At 1 April 2018

1,866,000

Revaluations

114,000

At 31 March 2019

1,980,000

NET BOOK VALUE

At 31 March 2019

1,980,000

At 31 March 2018

1,866,000

Fair value at 31 March 2019 is represented by:

£

Valuation in 2019

114,000

Cost

1,866,000

1,980,000

The directors have valued the investment property at a fair value of £1,980,000 as at 31 March 2019.

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2019

2018

£

£

Trade debtors

14,941

21,256

Amounts owed by related parties

1,333

358,571

16,274

379,827

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2019

2018

£

£

Amounts owed to related parties

30,649

893

Taxation and social security

1,098

27,857

Other creditors

1,500

750

33,247

29,500

7.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2019

2018

value:

£

£

5,281,000

Ordinary shares

0.1p

5,281

5,281

8.	RELATED PARTY DISCLOSURES

9.	POST BALANCE SHEET EVENTS

After the year end, the company sold all of the investment property held.

10.	ULTIMATE CONTROLLING PARTY

The controlling party is Hope Valley Residential Holdings Limited.

The ultimate controlling party is Trustees of the I Middleton Settlement.