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REGISTERED NUMBER: 05131243 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 NOVEMBER 2022

FOR

HALSBERRY LTD

HALSBERRY LTD (REGISTERED NUMBER: 05131243)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 NOVEMBER 2022




Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 4


HALSBERRY LTD

COMPANY INFORMATION
FOR THE YEAR ENDED 30 NOVEMBER 2022







DIRECTOR: S Ludmir





SECRETARY: Mrs H Ludmir





REGISTERED OFFICE: 115 Craven Park Road
London
N15 6BL





REGISTERED NUMBER: 05131243 (England and Wales)





ACCOUNTANTS: Venitt and Greaves
Chartered Accountants
115 Craven Park Road
South Tottenham
London
N15 6BL

HALSBERRY LTD (REGISTERED NUMBER: 05131243)

STATEMENT OF FINANCIAL POSITION
30 NOVEMBER 2022

30.11.22 30.11.21
Notes £    £   
FIXED ASSETS
Tangible assets 5 9,054 10,652
Investment property 6 5,955,345 5,955,345
5,964,399 5,965,997

CURRENT ASSETS
Debtors 7 3,312,348 3,021,448
Cash at bank 614,132 266,650
3,926,480 3,288,098
CREDITORS
Amounts falling due within one year 8 (802,887 ) (1,087,165 )
NET CURRENT ASSETS 3,123,593 2,200,933
TOTAL ASSETS LESS CURRENT
LIABILITIES

9,087,992

8,166,930

CREDITORS
Amounts falling due after more than one
year

9

(4,758,768

)

(3,842,801

)

PROVISIONS FOR LIABILITIES (459,849 ) (459,849 )
NET ASSETS 3,869,375 3,864,280

CAPITAL AND RESERVES
Called up share capital 12 100 100
Fair value reserve 13 2,920,534 2,920,534
Retained earnings 13 948,741 943,646
SHAREHOLDERS' FUNDS 3,869,375 3,864,280

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 November 2022.

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

HALSBERRY LTD (REGISTERED NUMBER: 05131243)

STATEMENT OF FINANCIAL POSITION - continued
30 NOVEMBER 2022


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 and authorized for issue by the director and authorised for issue on 27 November 2023 and were signed by:





S Ludmir - Director


HALSBERRY LTD (REGISTERED NUMBER: 05131243)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 NOVEMBER 2022

1. STATUTORY INFORMATION

Halsberry 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.

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


2. STATEMENT OF COMPLIANCE

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.

3. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with the provisions of Section 1A "Small Entities" of Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention except for the assets and liabilities which are required by FRS 102 to be stated at fair value.

Turnover
Turnover represents net rent receivable, excluding value added tax.

Depreciation
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Fixtures and fittings - 15% on reducing balance

Investment property
Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

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 statement of financial position date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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.

4. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 3 (2021 - 2 ) .

HALSBERRY LTD (REGISTERED NUMBER: 05131243)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 NOVEMBER 2022

5. TANGIBLE FIXED ASSETS
Fixtures
and
fittings
£   
COST
At 1 December 2021
and 30 November 2022 75,736
DEPRECIATION
At 1 December 2021 65,084
Charge for year 1,598
At 30 November 2022 66,682
NET BOOK VALUE
At 30 November 2022 9,054
At 30 November 2021 10,652

6. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 December 2021
and 30 November 2022 5,955,345
NET BOOK VALUE
At 30 November 2022 5,955,345
At 30 November 2021 5,955,345

The fair value of investment property was assessed to be unchanged by the director. The fair value was determined using open market valuation method. The director does not have a formal qualification but considerable experience in property market to ascertain the fair value with sufficient level of confidence.

Fair value at 30 November 2022 is represented by:
£   
Valuation in 2017 3,380,383
Cost 2,574,962
5,955,345

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.11.22 30.11.21
£    £   
Trade debtors - 36,444
Other debtors 3,312,348 2,985,004
3,312,348 3,021,448

HALSBERRY LTD (REGISTERED NUMBER: 05131243)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 NOVEMBER 2022

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.11.22 30.11.21
£    £   
Trade creditors 30,183 700
Taxation and social security 26,820 36,651
Other creditors 745,884 1,049,814
802,887 1,087,165

9. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
30.11.22 30.11.21
£    £   
Bank loans (see note 10) 4,758,768 2,640,156
Other creditors - 1,202,645
4,758,768 3,842,801

Amounts falling due in more than five years:

Repayable otherwise than by instalments
Bank loans 4,758,768 2,640,156

10. LOANS

An analysis of the maturity of loans is given below:

30.11.22 30.11.21
£    £   
Amounts falling due between two and five years:
Other loans - 2-5 years - 1,202,645

Amounts falling due in more than five years:
Repayable otherwise than by instalments
Bank loans 4,758,768 2,640,156

11. SECURED DEBTS

The following secured debts are included within creditors:

30.11.22 30.11.21
£    £   
Bank loans 4,758,768 2,640,156

The loan is secured by a first charge over the company's investment properties and bear interest at fixed rate.

12. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 30.11.22 30.11.21
value: £    £   
100 Ordinary £1 100 100

HALSBERRY LTD (REGISTERED NUMBER: 05131243)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 NOVEMBER 2022

13. RESERVES
Fair
Retained value
earnings reserve Totals
£    £    £   

At 1 December 2021 943,646 2,920,534 3,864,180
Profit for the year 5,095 5,095
At 30 November 2022 948,741 2,920,534 3,869,275