Abbreviated Company Accounts - HOPETOWN LIMITED

Registered Number 02273329

HOPETOWN LIMITED

Abbreviated Accounts

31 August 2015

HOPETOWN LIMITED Registered Number 02273329

Abbreviated Balance Sheet as at 31 August 2015

	Notes	2015	2014
		£	£
Fixed assets
Tangible assets	2	1,000	1,000
		1,000	1,000
Current assets
Cash at bank and in hand		1,413	1,908
		1,413	1,908
Creditors: amounts falling due within one year		(300)	(600)
Net current assets (liabilities)		1,113	1,308
Total assets less current liabilities		2,113	2,308
Total net assets (liabilities)		2,113	2,308
Capital and reserves
Called up share capital		1,000	1,000
Profit and loss account		1,113	1,308
Shareholders' funds		2,113	2,308

For the year ending 31 August 2015 the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies.
The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

Approved by the Board on 17 May 2016

And signed on their behalf by:
Christopher John Sainty, Director

HOPETOWN LIMITED Registered Number 02273329

Notes to the Abbreviated Accounts for the period ended 31 August 2015

1Accounting Policies

Basis of measurement and preparation of accounts
The accounts have been prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities effective April 2008.

Turnover policy
Turnover represents the value, net of value added tax and discounts, of goods provided to
customers and work carried out in respect of services provided to customers.

Tangible assets depreciation policy
Depreciation has been provided at the following rates in order to write off the assets over their
estimated useful lives.
Plant and machinery 20% straight line
Motor vehicles 25% straight line

Valuation information and policy
Stock is valued at the lower of cost and net realisable value.

Other accounting policies
Deferred taxation
Full provision is made for deferred taxation resulting from timing differences between the
recognition of gains and losses in the accounts and their recognition for tax purposes. Deferred
taxation is calculated on an un-discounted basis at the tax rates which are expected to apply in the
periods when the timing differences will reverse.

Leasing and hire purchase commitments
Assets held under finance leases and hire purchase contracts, which are those where
substantially all the risks and rewards of ownership of the asset have passed to the company, are
capitalised in the balance sheet and depreciated over their useful lives. The corresponding lease
or hire purchase obligation is treated in the balance sheet as a liability.
The interest element of the rental obligations is charged to the profit and loss account over the
period of the lease and represents a constant proportion of the balance of capital repayments
outstanding.
Rentals paid under operating leases are charged to income on a straight line basis over the lease
term.

2Tangible fixed assets

	£
Cost
At 1 September 2014	1,000
Additions	-
Disposals	-
Revaluations	-
Transfers	-
At 31 August 2015	1,000
Depreciation
At 1 September 2014	-
Charge for the year	-
On disposals	-
At 31 August 2015	-
Net book values
At 31 August 2015	1,000
At 31 August 2014	1,000