Company Registration No. 01684719 (England and Wales)
Hallbaron Limited
Unaudited accounts
for the period from 1 July 2021 to 31 December 2022
Hallbaron Limited
Unaudited accounts
Contents
Hallbaron Limited
Company Information
for the period from 1 July 2021 to 31 December 2022
Directors
Mr Gareth Christopher HUGHES
Mr Max William Simon ASHTON
Company Number
01684719 (England and Wales)
Registered Office
Orchard House
Clyst St. Mary
Exeter
Devon
EX5 1BR
England
Accountants
The Fresh Accountancy Company Limited
Orchard House
Clyst St Mary
Exeter
Devon
EX5 1BR
Hallbaron Limited
Statement of financial position
as at 31 December 2022
Inventories
3,013,766
1,904,625
Cash at bank and in hand
2,612
815,746
Creditors: amounts falling due within one year
(2,584,044)
(1,998,339)
Net current assets
820,266
928,894
Net assets
820,266
928,894
Called up share capital
330,060
330,060
Profit and loss account
490,206
598,834
Shareholders' funds
820,266
928,894
For the period ending 31 December 2022 the company was entitled to exemption from audit 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.
The members have agreed to the preparation of abridged accounts for the period in accordance with Section 444(2A).
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 22 November 2023 and were signed on its behalf by
Mr Gareth Christopher HUGHES
Director
Company Registration No. 01684719
Hallbaron Limited
Notes to the Accounts
for the period from 1 July 2021 to 31 December 2022
Hallbaron Limited is a private company, limited by shares, registered in England and Wales, registration number 01684719. The registered office is Orchard House, Clyst St. Mary, Exeter, Devon, EX5 1BR, England.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
These financial statements for the period from 1 July 2021 to 31 December 2022 are the first financial statements that comply with FRS 102 Section 1A Small Entities. The date of transition is 1 July 2020.
The transition to FRS 102 Section 1A Small Entities has resulted in a small number of changes in accounting policies to those used previously.
The nature of these changes and their impact on opening equity and profit for the comparative period are explained in the notes below.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Inventories have been valued at the lower of cost and estimated selling price less costs to complete and sell. In respect of work in progress and finished goods, cost includes a relevant proportion of overheads according to the stage of manufacturing/completion.
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws.
Deferred tax assets and liabilities are not discounted.
Basic financial instruments are recognised at amortised cost, except for investments in non-convertible preference and non-puttable ordinary shares which are measured at fair value, with changes recognised in profit or loss. Derivative financial instruments are initially recorded at cost and thereafter at fair value with changes recognised in profit or loss.
The accounts have been prepared on a going concern basis. The going concern of the company and the group is dependent of the continued support of its directors and lenders.
Hallbaron Limited
Notes to the Accounts
for the period from 1 July 2021 to 31 December 2022
4
Deferred taxation
2022
2021
Other deferred taxation
(119,194)
-
Credited to the profit and loss account
(119,194)
-
Provision at end of period
(119,194)
-
The deferred tax asset relates to anticipated tax which will be saved in a future period based on costs incurred to date on purchasing land assets and associated costs.
5
Capital commitments
2022
2021
Amounts contracted but not provided for in the accounts
10,541,320
-
The company is comitted to the development of building projects. Committed finance facilites provided to the company for a total value of £20,100,456. As at the balance sheet date an amount of £9,559,136 had been spent to date.
The company is controlled by Harrington Homes (Teignmouth) Limited, registered in England and Wales under number 13449947. Registered office; Orchard House, Clyst St Mary, EX5 1BR.
Harrington Homes (SW) Limited is the ultimate controlling party, registered in England and Wales under number 11166928. Registered office; Orchard House, Clyst St Mary, EX5 1BR.
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Average number of employees
During the period the average number of employees was 0 (2021: 0).