Now that your water supply is cut off, you can go ahead and remove the hosepipe from the external tap. Before storing this away, it is good practice to give the entire pipe a quick check over for any nips, cuts or bulges. These signs can indicate wear, so if you spot any, it might be time to replace the hosepipe.
If there are no signs of damage apparent, you should wipe clean the pipe thoroughly to ensure no build up will cause damage whilst it is in storage. Use a clean soft cloth coated in some WD-40® Multi-Use Product to wipe the entire of the exterior surface of the hose. This will quickly penetrate and dislodge any dirt, and will also leave a protective water repellent layer. Once the hose is completely drained and dry, store it in a clean, dry place that is free of any sharp objects, such as a shed or garage.