T.P. Hopwell (Birmingham) Limited - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 01663347 (England and Wales)

Financial Statements

for the Period 29 December 2018 to 27 December 2019

for

T.P. Hopwell (Birmingham) Limited

Page

Company Information

1

Abridged Balance Sheet

2

Notes to the Financial Statements

3

DIRECTORS:

Mrs L Hopwell

T C Hopwell

M P Field

SECRETARY:

M P Field

REGISTERED OFFICE:

Glaisdale Drive

Bilborough

Nottingham

Nottinghamshire

NG8 4LU

REGISTERED NUMBER:

01663347 (England and Wales)

AUDITORS:

Clayton & Brewill

Statutory Auditors and

Chartered Accountants

Cawley House

149-155 Canal Street

Nottingham

Nottinghamshire

NG1 7HR

FIXED ASSETS

Tangible assets

5

4,536,979

4,442,425

Investments

6

612,489

612,489

5,149,468

5,054,914

CURRENT ASSETS

Stocks

1,578,410

802,877

Debtors

321,954

833,641

Cash at bank and in hand

2,169,284

1,659,427

4,069,648

3,295,945

CREDITORS

Amounts falling due within one year

1,492,813

1,310,806

NET CURRENT ASSETS

2,576,835

1,985,139

TOTAL ASSETS LESS CURRENT LIABILITIES

7,726,303

7,040,053

PROVISIONS FOR LIABILITIES

127,590

68,160

NET ASSETS

7,598,713

6,971,893

CAPITAL AND RESERVES

Called up share capital

100

100

Revaluation reserve

7

1,592,457

1,601,397

Retained earnings

6,006,156

5,370,396

SHAREHOLDERS' FUNDS

7,598,713

6,971,893

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

All the members have consented to the preparation of an abridged Income Statement and an abridged Balance Sheet for the period ended 27 December 2019 in accordance with Section 444(2A) of the Companies Act 2006.

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 23 May 2020 and were signed on its behalf by:

T C Hopwell - Director

1.	STATUTORY INFORMATION

T.P. Hopwell (Birmingham) 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.

Tangible fixed assets

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

Freehold property

-

2% of cost or valuation

Long leasehold

-

2% of cost or valuation

Fixtures and fittings

-

20% on cost

Motor vehicles

-

33% on cost, 25% on cost, 20% on cost and 12.5% on reducing balance

Computer equipment

-

20% on cost

No depreciation is provided on freehold or leasehold land.

Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance for

obsolete and slow moving items.

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.

Fixed asset investments

Investments are shown at cost less provision for impairment. Unlisted investments are shown at

Director's valuation. Upwards revaluations are credited to the revaluation reserve. Downward

revaluations in excess of any previous upward revaluations are taken to the Profit and Loss

Account.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the period was 23 (2018 - 19 ) .

4.	AUDITORS' REMUNERATION

Period

Period

29.12.18

30.12.17

to

to

27.12.19

28.12.18

£

£

Fees payable to the company's auditors for the audit of the company's financial statements

8,883

7,444

5.	TANGIBLE FIXED ASSETS

Totals

£

COST OR VALUATION

At 29 December 2018

8,254,837

Additions

739,631

Disposals

(526,398

)

At 27 December 2019

8,468,070

DEPRECIATION

At 29 December 2018

3,812,412

Charge for period

629,766

Eliminated on disposal

(511,087

)

At 27 December 2019

3,931,091

NET BOOK VALUE

At 27 December 2019

4,536,979

At 28 December 2018

4,442,425

Included within land and buildings is freehold land valued at £1,382,932 (2018: £1,382,932) and

leasehold land valued at £257,094 (2018: £257,094) respectively, which is not depreciated.

Cost or valuation at 27 December 2019 is represented by:

Totals

£

Valuation in 2000

639,114

Valuation in 2007

356,020

Cost

7,472,936

8,468,070

If land and buildings had not been revalued they would have been included at the following

historical cost:

2019

2018

£

£

Cost

1,694,519

1,694,519

Aggregate depreciation

211,302

211,302

Value of land in freehold land and buildings

612,561

612,561

Land and buildings were valued on an open market basis on 29 December 2018 by the directors of the company

.

6.	FIXED ASSET INVESTMENTS

Information on investments other than loans is as follows:

Totals

£

COST OR VALUATION

At 29 December 2018

and 27 December 2019

612,489

NET BOOK VALUE

At 27 December 2019

612,489

At 28 December 2018

612,489

Cost or valuation at 27 December 2019 is represented by:

Totals

£

Valuation in 2008

229,130

Valuation in 2009

38,000

Valuation in 2010

39,224

Valuation in 2011

42,587

Valuation in 2012

41,900

Valuation in 2013

37,752

Valuation in 2014

(17,095

)

Valuation in 2015

(137,562

)

Valuation in 2016

(522,317

)

Valuation in 2017

860,870

612,489

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

cost:

2019

2018

£

£

Cost

860,870

860,870

The investment was valued on an open market basis on 29 December 2018 by the directors of the company

.

7.

RESERVES

Revaluation

reserve

£

At 29 December 2018

1,601,397

Transfer from revaluation reserve

(8,940

)

At 27 December 2019

1,592,457

8.	DISCLOSURE UNDER SECTION 444(5B) OF THE COMPANIES ACT 2006

The Report of the Auditors was unqualified.

Neil South BA FCA (Senior Statutory Auditor)

for and on behalf of Clayton & Brewill

9.	RELATED PARTY DISCLOSURES

The company has taken advantage of exemption, under the terms of Financial Reporting Standard

102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose

related party transactions with wholly owned subsidiaries within the group.