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

REGISTERED NUMBER: 10616116 (England and Wales)

Unaudited Financial Statements for the Period 1 April 2020 to 29 March 2021

for

Hope Valley Residential Holdings Limited

Page

Company Information

1

Balance Sheet

2

DIRECTORS:

V S Middleton OBE

A J F Harrison

REGISTERED OFFICE:

Newburgh Works

Bradwell

Hope Valley

Derbyshire

S33 9NT

REGISTERED NUMBER:

10616116 (England and Wales)

ACCOUNTANTS:

SMH Haywood & Co Limited

24-26 Mansfield Road

Rotherham

South Yorkshire

S60 2DT

FIXED ASSETS

1,999,882

2,012,387

CREDITORS

Amounts falling due within one year

(11,650

)

-

NET CURRENT LIABILITIES

(11,650

)

-

TOTAL ASSETS LESS CURRENT LIABILITIES

1,988,232

2,012,387

CAPITAL AND RESERVES

1,988,232

2,012,387

NOTES TO THE FINANCIAL STATEMENTS

1.	AVERAGE NUMBER OF EMPLOYEES

The average number of employees during the period was 2 (2020 - 2 ) .

2.	OTHER FINANCIAL COMMITMENTS- CONTINGENT LIABILITY

The company and it's subsidiary company, are jointly and severally liable for an obligation estimated at £1,970,000, which the companies are expecting to have to settle, in respect of a financial support direction received. The directors believe that the amount of the obligation cannot be estimated reliably, given the case is still ongoing and the outcome is still uncertain. Therefore, this obligation is disclosed as a contingent liability in these accounts.

3.	GOING CONCERN

The accounts are prepared on the going concern basis. There are uncertainties regarding the company's ability to continue as a going concern, due to the contingent liability disclosed in these accounts. This contingent liability relates to a settlement that the company and it's subsidiary company, is expected to have to pay, as a result of a financial support direction received. At the date of signing the accounts, it is expected that the company will be supported by it's subsidiary in settling this obligation and that sufficient reserves are held to settle the best estimate of the obligation.

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the period ended 29 March 2021.

The members have not required the company to obtain an audit of its financial statements for the period ended 29 March 2021 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 in accordance with the micro-entity provisions and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The financial statements were approved by the Board of Directors and authorised for issue on 27 June 2022 and were signed on its behalf by:

A J F Harrison - Director