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REGISTERED NUMBER: 08980405 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2023

FOR

HALDER PROPERTIES LIMITED

HALDER PROPERTIES LIMITED (REGISTERED NUMBER: 08980405)

CONTENTS OF THE FINANCIAL STATEMENTS
for the Year Ended 31 December 2023










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


HALDER PROPERTIES LIMITED

COMPANY INFORMATION
for the Year Ended 31 December 2023







DIRECTORS: P Halder
Mrs E A Halder
B I Halder





SECRETARY: Mrs E A Halder





REGISTERED OFFICE: 24 Mill Street
Hutton Cranswick
Driffield
YO25 9PU





REGISTERED NUMBER: 08980405 (England and Wales)





ACCOUNTANTS: Sowerby
Chartered Accountants
Beckside Court
Annie Reed Road
Beverley
East Yorkshire
HU17 0LF

HALDER PROPERTIES LIMITED (REGISTERED NUMBER: 08980405)

BALANCE SHEET
31 December 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 37,329 38,276
Investment property 5 1,752,836 1,750,000
1,790,165 1,788,276

CURRENT ASSETS
Debtors 6 13,134 13,134
Cash at bank 16,531 39,839
29,665 52,973
CREDITORS
Amounts falling due within one year 7 199,325 178,142
NET CURRENT LIABILITIES (169,660 ) (125,169 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,620,505

1,663,107

CREDITORS
Amounts falling due after more than one year 8 (521,122 ) (602,139 )

PROVISIONS FOR LIABILITIES (102,320 ) (101,961 )
NET ASSETS 997,063 959,007

CAPITAL AND RESERVES
Called up share capital 3 3
Retained earnings 997,060 959,004
997,063 959,007

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 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.

HALDER PROPERTIES LIMITED (REGISTERED NUMBER: 08980405)

BALANCE SHEET - continued
31 December 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 Profit and Loss Account has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 14 March 2024 and were signed on its behalf by:




B I Halder - Director



Mrs E A Halder - Director


HALDER PROPERTIES LIMITED (REGISTERED NUMBER: 08980405)

NOTES TO THE FINANCIAL STATEMENTS
for the Year Ended 31 December 2023


1. STATUTORY INFORMATION

Halder Properties Limited is a private company limited by shares and incorporated and domiciled in England. It has its registered office and principal place of business at Marazan 24 Mill Street, Hutton Cranswick, Driffield, East Yorkshire YO25 9PU.

The principal activity of the company is letting and operating of own or leased real estate.

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

2. ACCOUNTING POLICIES

Basis of preparing the financial statements
Having regard to liquidity risk, current market conditions and other factors affecting the company, the use of the going concern basis of accounting is appropriate as, in the opinion of the directors, there are no material uncertainties related to events or conditions that may cast significant doubt about the ability of the company to continue as a going concern.

The directors, having taken into the factors discussed above as well as the uncertainties of the current economic environment, have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future.

Turnover
Turnover is the amount derived from ordinary activities, measured at the fair value of the consideration received or receivable. Turnover excludes value added tax and trade discounts.

Turnover from services is recognised on completion of service, or when those services span the year end date, by reference to the stage of completion at the balance sheet date.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off the cost less estimated residual value of each asset over its estimated useful life.
Plant and machinery etc - 20% on cost

Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses.

Tangible fixed assets are measured under the revaluation model with changes in fair value recognised in other comprehensive income.

No depreciation is charged on freehold land.

Investment property
Investment property is included at fair value. Movement in fair value is recognised in the income statement. Deferred taxation is provided on these gains/losses at the rate expected to apply when the property is sold.


HALDER PROPERTIES LIMITED (REGISTERED NUMBER: 08980405)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 31 December 2023


2. ACCOUNTING POLICIES - continued
Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Profit and Loss Account, 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 balance sheet date.

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

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 3 (2022 - 3 ) .

4. TANGIBLE FIXED ASSETS
Freehold Plant and
property machinery Totals
£    £    £   
COST
At 1 January 2023
and 31 December 2023 25,009 14,215 39,224
DEPRECIATION
At 1 January 2023 - 948 948
Charge for year - 947 947
At 31 December 2023 - 1,895 1,895
NET BOOK VALUE
At 31 December 2023 25,009 12,320 37,329
At 31 December 2022 25,009 13,267 38,276

HALDER PROPERTIES LIMITED (REGISTERED NUMBER: 08980405)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 31 December 2023


5. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 January 2023 1,750,000
Additions 2,836
At 31 December 2023 1,752,836
NET BOOK VALUE
At 31 December 2023 1,752,836
At 31 December 2022 1,750,000

Fair value at 31 December 2023 is represented by:
£   
Valuation in 2022 523,369
Cost 1,229,467
1,752,836

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Other debtors 13,134 13,134

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Bank loans and overdrafts 82,687 38,285
Tax 9,640 10,854
VAT 13,317 10,122
CT61 creditor 546 -
Directors' current accounts 88,899 113,952
Accruals and deferred income 4,236 4,929
199,325 178,142

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2023 2022
£    £   
Bank loans - 1-2 years 165,374 40,667
Bank loans - 2-5 years 355,748 561,472
521,122 602,139

HALDER PROPERTIES LIMITED (REGISTERED NUMBER: 08980405)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 31 December 2023


9. SECURED DEBTS

The following secured debts are included within creditors:

2023 2022
£    £   
Bank loans 603,809 640,424

The bank loans are secured by fixed and floating charge over all of the company's assets and undertakings.

10. RELATED PARTY DISCLOSURES

At the year end, the company owed the directors £88,899 in 2023 (2022 - £113,953) in respect of a current account balance.
Loans made by the directors are unsecured and repayable on demand. Interest of 5% is charged on this balance