Silverfin false 31/05/2023 01/06/2022 31/05/2023 Mr Mark Jeffery Hall Mr Matthew John Hall 07 February 2024 no description of principal activity 08069970 2023-05-31 08069970 2022-05-31 08069970 core:CurrentFinancialInstruments 2023-05-31 08069970 core:CurrentFinancialInstruments 2022-05-31 08069970 core:Non-currentFinancialInstruments 2023-05-31 08069970 core:Non-currentFinancialInstruments 2022-05-31 08069970 core:ShareCapital 2023-05-31 08069970 core:ShareCapital 2022-05-31 08069970 core:RevaluationReserve 2023-05-31 08069970 core:RevaluationReserve 2022-05-31 08069970 core:RetainedEarningsAccumulatedLosses 2023-05-31 08069970 core:RetainedEarningsAccumulatedLosses 2022-05-31 08069970 core:Goodwill 2022-05-31 08069970 core:Goodwill 2023-05-31 08069970 core:LandBuildings 2022-05-31 08069970 core:InvestmentPropertyIncludedWithinPPE 2022-05-31 08069970 core:PlantMachinery 2022-05-31 08069970 core:Vehicles 2022-05-31 08069970 core:OfficeEquipment 2022-05-31 08069970 core:LandBuildings 2023-05-31 08069970 core:InvestmentPropertyIncludedWithinPPE 2023-05-31 08069970 core:PlantMachinery 2023-05-31 08069970 core:Vehicles 2023-05-31 08069970 core:OfficeEquipment 2023-05-31 08069970 core:CurrentFinancialInstruments 11 2023-05-31 08069970 core:CurrentFinancialInstruments 11 2022-05-31 08069970 2022-06-01 2023-05-31 08069970 bus:FullAccounts 2022-06-01 2023-05-31 08069970 bus:SmallEntities 2022-06-01 2023-05-31 08069970 bus:AuditExemptWithAccountantsReport 2022-06-01 2023-05-31 08069970 bus:PrivateLimitedCompanyLtd 2022-06-01 2023-05-31 08069970 bus:Director1 2022-06-01 2023-05-31 08069970 bus:Director2 2022-06-01 2023-05-31 08069970 core:Goodwill core:TopRangeValue 2022-06-01 2023-05-31 08069970 core:PlantMachinery 2022-06-01 2023-05-31 08069970 core:Vehicles 2022-06-01 2023-05-31 08069970 core:OfficeEquipment 2022-06-01 2023-05-31 08069970 2021-06-01 2022-05-31 08069970 core:Goodwill 2022-06-01 2023-05-31 08069970 core:LandBuildings 2022-06-01 2023-05-31 08069970 core:InvestmentPropertyIncludedWithinPPE 2022-06-01 2023-05-31 08069970 core:Non-currentFinancialInstruments 2022-06-01 2023-05-31 iso4217:GBP xbrli:pure

Company No: 08069970 (England and Wales)

HALL SERVICES (EAST ANGLIA) LIMITED

Unaudited Financial Statements
For the financial year ended 31 May 2023
Pages for filing with the registrar

HALL SERVICES (EAST ANGLIA) LIMITED

Unaudited Financial Statements

For the financial year ended 31 May 2023

Contents

HALL SERVICES (EAST ANGLIA) LIMITED

STATEMENT OF FINANCIAL POSITION

As at 31 May 2023
HALL SERVICES (EAST ANGLIA) LIMITED

STATEMENT OF FINANCIAL POSITION (continued)

As at 31 May 2023
Note 2023 2022
£ £
Fixed assets
Intangible assets 3 4,500 5,000
Tangible assets 4 3,244,316 2,459,074
3,248,816 2,464,074
Current assets
Debtors 5 193,230 166,216
Cash at bank and in hand 6 10,343 3,334
203,573 169,550
Creditors: amounts falling due within one year 7 ( 115,391) ( 188,757)
Net current assets/(liabilities) 88,182 (19,207)
Total assets less current liabilities 3,336,998 2,444,867
Creditors: amounts falling due after more than one year 8 ( 947,903) ( 793,341)
Net assets 2,389,095 1,651,526
Capital and reserves
Called-up share capital 100 100
Revaluation reserve 2,235,831 1,647,761
Profit and loss account 153,164 3,665
Total shareholders' funds 2,389,095 1,651,526

For the financial year ending 31 May 2023 the Company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

The financial statements of Hall Services (East Anglia) Limited (registered number: 08069970) were approved and authorised for issue by the Director. They were signed on its behalf by:

Mr Mark Jeffery Hall
Director

07 February 2024

HALL SERVICES (EAST ANGLIA) LIMITED

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 31 May 2023
HALL SERVICES (EAST ANGLIA) LIMITED

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 31 May 2023
1. Accounting policies

The principal accounting policies are summarised below. They have all been applied consistently throughout the financial year and to the preceding financial year, unless otherwise stated.

General information and basis of accounting

Hall Services (East Anglia) Limited (the Company) is a private company, limited by shares, incorporated in the United Kingdom under the Companies Act 2006 and is registered in England and Wales. The address of the Company's registered office is Rosedale Farm Fen Street, Old Buckenham, Attleborough,, Norfolk, NR17 1NW, United Kingdom.

The financial statements have been prepared under the historical cost convention, modified to include the revaluation of freehold properties and to include investment properties and certain items at fair value, and in accordance with Section 1A of Financial Reporting Standard 102 (FRS 102) ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland’ issued by the Financial Reporting Council and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.

The financial statements are presented in pounds sterling which is the functional currency of the Company and rounded to the nearest £.

Turnover

Turnover is recognised at the fair value of the consideration received or receivable for goods and services provided in the normal course of business, and is shown net of VAT and other sales related taxes. The fair value of consideration takes into account trade discounts, settlement discounts and volume rebates.

Turnover is recognised when the significant risks and rewards are considered to have been transferred to the customer.

Interest income

Interest income is recognised when it is probable that the economic benefits will flow to the Company and the amount of revenue can be measured reliably. Interest income is accrued on a time basis, by reference to the principal outstanding at the effective interest rate applicable, which is the rate that exactly discounts estimated future cash receipts through the expected life of the financial asset to that asset's net carrying amount on initial recognition.

Finance costs

Finance costs are charged to the Income Statement over the term of the debt using the effective interest method so the amount charged is at a constant rate on the carrying amount. Issue costs are initially recognised as a reduction in the proceeds of the associated capital instrument.

Taxation

Current tax
Current tax is provided at amounts expected to be paid (or recoverable) using the tax rates and laws that have been enacted or substantively enacted at the Statement of Financial Position date.

Deferred tax
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 financial statements. 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.

The carrying amount of deferred tax assets are reviewed at each reporting date and a valuation allowance is set up against deferred tax assets so that the net carrying amount equals the highest amount that is more likely than not to be recovered based on current or future taxable profit.

Intangible assets

Intangible assets are stated at cost or valuation, net of amortisation and any provision for impairment. Amortisation is provided on all intangible assets at rates to write off the cost or valuation of each asset over its expected useful life as follows:

Goodwill 10 years straight line
Tangible fixed assets

Tangible fixed assets are stated at cost or valuation, net of depreciation and any provision for impairment. Depreciation is provided on all tangible fixed assets, other than investment property and freehold land, at rates calculated to write off the cost or valuation, less estimated residual value, of each asset on a straight-line or reducing balance basis over its expected useful life, as follows:

Land and buildings not depreciated
Investment property not depreciated
Plant and machinery 25 % reducing balance
Vehicles 25 % reducing balance
Office equipment 25 % reducing balance

Residual value represents the estimated amount which would currently be obtained from disposal of an asset, after deducting estimated costs of disposal, if the asset were already of the age and in the condition expected at the end of its useful life.

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.

Properties whose fair value can be measured reliably are held under the revaluation model and are carried at a revalued amount, being their fair value at the date of valuation less any subsequent accumulated depreciation and subsequent accumulated impairment losses. The fair value of the land and buildings is usually considered to be their market value.

Revaluation gains and losses are recognised in other comprehensive income and accumulated in equity, except to the extent that a revaluation gain reverses a revaluation loss previously recognised in profit or loss or a revaluation loss exceeds the accumulated revaluation gains recognised in equity; such gains and losses are recognised in profit or loss.

Investment property

Investment property is initially recognised at cost, which includes the purchase cost and any directly attributable expenditure. Subsequently it is measured at fair value at each reporting date with changes in fair value recognised in profit or loss. Deferred taxation is provided on these gains at the rate expected to apply when the property is sold.

Trade and other debtors

Trade and other debtors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest method less impairment losses for bad and doubtful debts, except where the effect of discounting would be immaterial. In such cases the receivables are stated at cost less impairment losses for bad and doubtful debts.

Cash and cash equivalents

Cash and cash equivalents are basic financial assets and include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in creditors: amounts falling due within one year.

Trade and other creditors

Trade and other creditors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest rate method, unless the effect of discounting would be immaterial, in which case they are stated at cost.

Financial instruments

Financial assets and financial liabilities are recognised when the Company becomes a party to the contractual provisions of the instrument.

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the Company after deducting all of its liabilities.

Financial assets and liabilities are only offset in the Balance Sheet when, and only when there exists a legally enforceable right to set off the recognised amounts and the Company intends either to settle on a net basis, or to realise the asset and settle the liability simultaneously.

Provisions

Provisions are recognised when the Company has a present obligation (legal or constructive) as a result of a past event, it is probable that the Company will be required to settle that obligation and a reliable estimate can be made of the amount of the obligation.

The amount recognised as a provision is the best estimate of the consideration required to settle the present obligation at the Statement of Financial Position date, taking into account the risks and uncertainties surrounding the obligation. Where a provision is measured using the cash flows estimated to settle the present obligation, its carrying amount is the present value of those cash flows (when the effect of the time value of money is material).

When some or all of the economic benefits required to settle a provision are expected to be recovered from a third party, a receivable is recognised as an asset if it is virtually certain that reimbursement will be received and the amount of the receivable can be measured reliably.

Dividends

Equity dividends are recognised when they become legally payable. Interim equity dividends are recognised when paid. Final equity dividends are recognised when approved by the shareholders.

2. Employees

2023 2022
Number Number
Monthly average number of persons employed by the Company during the year, including directors 3 3

3. Intangible assets

Goodwill Total
£ £
Cost
At 01 June 2022 10,000 10,000
At 31 May 2023 10,000 10,000
Accumulated amortisation
At 01 June 2022 5,000 5,000
Charge for the financial year 500 500
At 31 May 2023 5,500 5,500
Net book value
At 31 May 2023 4,500 4,500
At 31 May 2022 5,000 5,000

4. Tangible assets

Land and buildings Investment property Plant and machinery Vehicles Office equipment Total
£ £ £ £ £ £
Cost
At 01 June 2022 2,138,402 109,871 538,808 194,952 27,090 3,009,123
Additions 291,875 0 26,500 13,000 7,468 338,843
Revaluations 588,070 0 0 0 0 588,070
Disposals ( 77,227) 0 0 0 0 ( 77,227)
At 31 May 2023 2,941,120 109,871 565,308 207,952 34,558 3,858,809
Accumulated depreciation
At 01 June 2022 0 0 414,638 115,036 20,375 550,049
Charge for the financial year 0 0 37,669 23,229 3,546 64,444
At 31 May 2023 0 0 452,307 138,265 23,921 614,493
Net book value
At 31 May 2023 2,941,120 109,871 113,001 69,687 10,637 3,244,316
At 31 May 2022 2,138,402 109,871 124,170 79,916 6,715 2,459,074
Leased assets included above:
Net book value
At 31 May 2023 0 0 36,101 25,716 0 61,818
At 31 May 2022 0 0 21,635 34,289 0 55,924

5. Debtors

2023 2022
£ £
Trade debtors 16,277 51,753
Amounts owed by Group undertakings 114,562 107,563
CIS suffered 17,839 5,537
Other debtors 44,552 1,363
193,230 166,216

6. Cash and cash equivalents

2023 2022
£ £
Cash at bank and in hand 10,343 3,334

7. Creditors: amounts falling due within one year

2023 2022
£ £
Bank loans 43,367 42,000
Taxation and social security 37,878 112,909
Obligations under finance leases and hire purchase contracts 26,406 26,108
Other creditors 7,740 7,740
115,391 188,757

8. Creditors: amounts falling due after more than one year

2023 2022
£ £
Bank loans 51,529 87,500
Obligations under finance leases and hire purchase contracts 8,972 18,042
Other creditors 887,402 687,799
947,903 793,341

Obligations under finance leases and hire purchases are secured on assets themselves, bank loans are secured by way of a fixed and floating charge.