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REGISTERED NUMBER: 06919952 (England and Wales)










Unaudited Financial Statements

for the Year Ended 30 June 2023

for

Hanlon Bennett Consulting Limited

Hanlon Bennett Consulting Limited (Registered number: 06919952)






Contents of the Financial Statements
for the Year Ended 30 June 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Hanlon Bennett Consulting Limited

Company Information
for the Year Ended 30 June 2023







DIRECTORS: S Bennett
M C Bennett





SECRETARY: M C Bennett





REGISTERED OFFICE: Airport House
Suite 43-45
Purley Way
Croydon
Surrey
CR0 0XZ





REGISTERED NUMBER: 06919952 (England and Wales)





ACCOUNTANTS: Ledger Sparks Limited
Airport House
Suite 43-45
Purley Way
Croydon
CR0 0XZ

Hanlon Bennett Consulting Limited (Registered number: 06919952)

Balance Sheet
30 June 2023

2023 2022
Notes £    £   
FIXED ASSETS
Intangible assets 4 - 9,540
Tangible assets 5 94 125
Investments 6 - 140,039
Investment property 7 500,000 500,000
500,094 649,704

CURRENT ASSETS
Debtors 8 - 55,955
Cash at bank 3,738 21,737
3,738 77,692
CREDITORS
Amounts falling due within one year 9 (25,279 ) (26,271 )
NET CURRENT (LIABILITIES)/ASSETS (21,541 ) 51,421
TOTAL ASSETS LESS CURRENT
LIABILITIES

478,553

701,125

PROVISIONS FOR LIABILITIES (31,748 ) (31,754 )
NET ASSETS 446,805 669,371

CAPITAL AND RESERVES
Called up share capital 200 200
Retained earnings 10 446,605 669,171
446,805 669,371

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 June 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 June 2023 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.

Hanlon Bennett Consulting Limited (Registered number: 06919952)

Balance Sheet - continued
30 June 2023


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 Statement of comprehensive income has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 22 September 2023 and were signed on its behalf by:





S Bennett - Director


Hanlon Bennett Consulting Limited (Registered number: 06919952)

Notes to the Financial Statements
for the Year Ended 30 June 2023

1. STATUTORY INFORMATION

Hanlon Bennett Consulting 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.

The presentation currency of the financial statements is the Pound Sterling (£).


The principal activity of the company is an investment company which includes rental property.

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 represents rental income from residential property letting.

INTANGIBLE ASSETS OTHER THAN GOODWILL
The fair value of the Crypto currency has been arrived at on the basis of the estimated value at the balance sheet date.

TANGIBLE FIXED ASSETS
Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses.

Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:

Fixtures, fittings & equipment - 25% reducing balance

The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to profit or loss.

INVESTMENT PROPERTY
Investment property, which is property held to earn rentals and/or for capital appreciation, is initially recognised at cost, which includes the purchase cost and any directly attributable expenditure. Subsequently it is measured at fair value at the reporting end date. Changes in fair value are recognised in profit or loss.

FINANCIAL INSTRUMENTS
The company only enters into basic financial transactions that result in recognition of financial assets and liabilities such as trade and other debtors and creditors, loans from bank and other third parties, loans to related parties and investments in non-puttable ordinary shares.


Hanlon Bennett Consulting Limited (Registered number: 06919952)

Notes to the Financial Statements - continued
for the Year Ended 30 June 2023

2. ACCOUNTING POLICIES - continued
TAXATION
The tax expense represents the sum of the tax currently payable and deferred tax.

CURRENT TAX
The tax currently payable is based on taxable profit for the year. Taxable profit differs from net profit as reported in the profit and loss account because it excludes items of income or expense that are taxable or deductible in other years and it further excludes items that are never taxable or deductible. The company’s liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the reporting end date.

DEFERRED TAX
Deferred tax is recognised in respect of all material timing differences that have originated but not reversed at the balance sheet date.

GOING CONCERN
At the time of approving the financial statements, the directors have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. Thus the directors continue to adopt the going concern basis of accounting in preparing the financial statements and will continue to support the company financially.

PROVISIONS FOR LIABILITIES
Provisions are made where an event has taken place that gives the Company a legal or constructive obligation that probably requires settlement by a transfer of economic benefit and a reliable estimate can be made of the amount of the obligation.

Provisions are charged as an expense to the statement of comprehensive income in the year that the company becomes aware of the obligation and are measured at the best estimate at the Balance sheet date of the expenditure required to settle the obligation, taking into account relevant risks and uncertainties.

When payments are eventually made, they are charged to the provision carried in Balance sheet.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2022 - 2 ) .

4. INTANGIBLE FIXED ASSETS
Crypto
Currency
£   
COST
At 1 July 2022 9,540
Disposals (9,540 )
At 30 June 2023 -
NET BOOK VALUE
At 30 June 2023 -
At 30 June 2022 9,540

The fair value of the Crypto currency is based on the market valuation at the balance sheet date.

Hanlon Bennett Consulting Limited (Registered number: 06919952)

Notes to the Financial Statements - continued
for the Year Ended 30 June 2023

5. TANGIBLE FIXED ASSETS
Fixtures
and
fittings
£   
COST
At 1 July 2022
and 30 June 2023 2,917
DEPRECIATION
At 1 July 2022 2,792
Charge for year 31
At 30 June 2023 2,823
NET BOOK VALUE
At 30 June 2023 94
At 30 June 2022 125

6. FIXED ASSET INVESTMENTS
Unlisted
investment
£   
COST
At 1 July 2022 140,039
Disposals (140,039 )
At 30 June 2023 -
NET BOOK VALUE
At 30 June 2023 -
At 30 June 2022 140,039

The unlisted investments are shown at cost at the balance sheet date. The director is of the opinion that there has been no material change in value.

7. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 July 2022
and 30 June 2023 500,000
NET BOOK VALUE
At 30 June 2023 500,000
At 30 June 2022 500,000

Hanlon Bennett Consulting Limited (Registered number: 06919952)

Notes to the Financial Statements - continued
for the Year Ended 30 June 2023

7. INVESTMENT PROPERTY - continued

The fair value of the investment property has been arrived at on the basis of a valuation carried out by the director.The valuation was made on an open market value basis by reference to market evidence of transaction prices for similar properties.

Fair value at 30 June 2023 is represented by:
£   
Valuation in 2022 100,000
Valuation in 2021 40,000
Valuation in 2019 52,238
Cost 307,762
500,000

8. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Other debtors- Loan - 41,300
Arrears - Interest/Dividend
receivable - 14,655
- 55,955

The directors consider the carrying value of trade and other receivables approximate to their fair value.

9. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Taxation and social security 122 3,809
Other creditors 25,157 22,462
25,279 26,271

The directors consider the carrying value of current liabilities approximate to their fair values.

10. RESERVES

PROFIT AND LOSS RESERVES

Retained earnings consist of fair value adjustments and deferred tax in relation to investment properties and fixed asset investments

At the balance sheet date the reserves therefore comprise of the following:

Distributable reserves £286,558

Non Distributable reserves £160,048 (relating to fair value adjustments to investment properties and deferred tax provisions thereon).

Hanlon Bennett Consulting Limited (Registered number: 06919952)

Notes to the Financial Statements - continued
for the Year Ended 30 June 2023

11. RELATED PARTY DISCLOSURES

At the balance sheet date, included in other creditors were amounts due to the directors £22,760 (2022 - £20,721).