Hopark Ltd - Accounts to registrar (filleted) - small 23.2.5

REGISTERED NUMBER: 13117591 (England and Wales)

Unaudited Financial Statements for the Year Ended 31 December 2022

for

Hopark Ltd

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTOR:

A Zarbafi

SECRETARY:

Answerbuy Limited

REGISTERED OFFICE:

12 North Bar

Banbury

OX16 0TB

REGISTERED NUMBER:

13117591 (England and Wales)

ACCOUNTANTS:

Uppal & Warr

Chartered Accountants

452 Manchester Road

Heaton Chapel

Stockport

SK4 5DL

FIXED ASSETS

Tangible assets

4

5,250,000

5,250,000

CURRENT ASSETS

Debtors

5

8,736

8,064

Cash at bank and in hand

54,208

108,414

62,944

116,478

CREDITORS

Amounts falling due within one year

6

444,107

375,743

NET CURRENT LIABILITIES

(381,163

)

(259,265

)

TOTAL ASSETS LESS CURRENT LIABILITIES

4,868,837

4,990,735

CREDITORS

Amounts falling due after more than one year

7

4,598,552

4,671,212

NET ASSETS

270,285

319,523

CAPITAL AND RESERVES

Called up share capital

8

2

2

Retained earnings

9

270,283

319,521

SHAREHOLDERS' FUNDS

270,285

319,523

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2022.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2022 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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 director and authorised for issue on 16 August 2023 and were signed by:

A Zarbafi - Director

1.	STATUTORY INFORMATION

Hopark Ltd 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.

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

-

not provided

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 NIL (2021 - NIL).

4.	TANGIBLE FIXED ASSETS

Freehold

property

£

COST OR VALUATION

At 1 January 2022

and 31 December 2022

5,250,000

NET BOOK VALUE

At 31 December 2022

5,250,000

At 31 December 2021

5,250,000

Cost or valuation at 31 December 2022 is represented by:

Freehold

property

£

Valuation in 2022

5,250,000

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.22

31.12.21

£

£

Prepayments

8,736

8,064

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.22

31.12.21

£

£

Connected company loans

309,643

289,643

Deferred income

91,000

84,000

Accrued expenses

43,464

2,100

444,107

375,743

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31.12.22

31.12.21

£

£

Bank loans

3,596,250

3,675,000

Directors' loan accounts

1,002,302

996,212

4,598,552

4,671,212

8.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.12.22

31.12.21

value:

£

£

2

Ordinary

£1

2

2

9.

RESERVES

Retained

earnings

£

At 1 January 2022

319,521

Deficit for the year

(31,738

)

Dividends

(17,500

)

At 31 December 2022

270,283