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REGISTERED NUMBER: 02825609 (England and Wales)















Unaudited Financial Statements for the Year Ended 30 June 2023

for

Jon Hallett Limited

Jon Hallett Limited (Registered number: 02825609)






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




Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 4


Jon Hallett Limited

Company Information
for the Year Ended 30 June 2023







DIRECTOR: J W Hallett





REGISTERED OFFICE: Unit 11 Diddenham Business Park
Diddenham Court, Lambwood Hill
Grazeley
Reading
Berkshire
RG7 1JQ





REGISTERED NUMBER: 02825609 (England and Wales)





ACCOUNTANTS: EDMONDS ACCOUNTANCY LIMITED
Unit 11, Diddenham Bus Park,
Diddenham Court
Grazeley,
READING
Berkshire
RG7 1JQ

Jon Hallett Limited (Registered number: 02825609)

Statement of Financial Position
30 June 2023

30.6.23 30.6.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 47,149 47,625
Investments 5 10,000 -
Investment property 6 2,755,000 2,755,000
2,812,149 2,802,625

CURRENT ASSETS
Debtors 7 474,806 465,148
Prepayments and accrued income 75,000 75,000
Cash at bank and in hand 157,431 26,554
707,237 566,702
CREDITORS
Amounts falling due within one year 8 23,930 20,657
NET CURRENT ASSETS 683,307 546,045
TOTAL ASSETS LESS CURRENT
LIABILITIES

3,495,456

3,348,670

CREDITORS
Amounts falling due after more than one year 9 (1,625,586 ) (1,475,624 )

PROVISIONS FOR LIABILITIES (402,716 ) -
NET ASSETS 1,467,154 1,873,046

CAPITAL AND RESERVES
Called up share capital 500 500
Non-distributable reserve 10 1,208,149 1,610,865
Retained earnings 258,505 261,681
SHAREHOLDERS' FUNDS 1,467,154 1,873,046

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 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.

Jon Hallett Limited (Registered number: 02825609)

Statement of Financial Position - 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 Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 29 March 2024 and were signed by:





J W Hallett - Director


Jon Hallett Limited (Registered number: 02825609)

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

1. STATUTORY INFORMATION

Jon Hallett 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.

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 is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Revenue is recognised for the provision of services as the contractual activity progresses.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Land and buildings - Over the term of the lease
Plant and machinery etc - 25% on cost

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2022 - 1 ) .

Jon Hallett Limited (Registered number: 02825609)

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

4. TANGIBLE FIXED ASSETS
Plant and
Land and machinery
buildings etc Totals
£    £    £   
COST
At 1 July 2022
and 30 June 2023 60,360 60,962 121,322
DEPRECIATION
At 1 July 2022 12,735 60,962 73,697
Charge for year 476 - 476
At 30 June 2023 13,211 60,962 74,173
NET BOOK VALUE
At 30 June 2023 47,149 - 47,149
At 30 June 2022 47,625 - 47,625

5. FIXED ASSET INVESTMENTS
Other
investments
£   
COST
Additions 10,000
At 30 June 2023 10,000
NET BOOK VALUE
At 30 June 2023 10,000

6. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 July 2022
and 30 June 2023 2,755,000
NET BOOK VALUE
At 30 June 2023 2,755,000
At 30 June 2022 2,755,000

Fair value at 30 June 2023 is represented by:
£   
Valuation in 2020 1,385,615
Cost 1,369,385
2,755,000

Jon Hallett Limited (Registered number: 02825609)

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

6. INVESTMENT PROPERTY - continued

If investment properties had not been revalued they would have been included at the following historical cost:

30.6.23 30.6.22
£    £   
Cost 1,369,385 1,369,385
Aggregate depreciation (225,250 ) (225,250 )

Investment properties were valued on an open market basis on 30 June 2023 by the director. .

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.6.23 30.6.22
£    £   
Trade debtors - 4,000
Other debtors 474,806 461,148
474,806 465,148

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.6.23 30.6.22
£    £   
Bank loans and overdrafts 8,800 11,760
Taxation and social security 1,105 6,956
Other creditors 14,025 1,941
23,930 20,657

9. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
30.6.23 30.6.22
£    £   
Bank loans 1,625,586 1,475,624

Amounts falling due in more than five years:

Repayable by instalments
Bank loans more 5 yr by instal 1,625,586 1,475,624

The loans are secured by a fixed charge on the company's land and buildings.

10. RESERVES
Non-distributable
reserve
£   
At 1 July 2022 1,610,865
Non-distributable reserve (402,716 )

At 30 June 2023 1,208,149

Jon Hallett Limited (Registered number: 02825609)

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

11. TRANSACTIONS WITH DIRECTORS

The following advances and credits to a director subsisted during the years ended 30 June 2023 and 30 June 2022:

30.6.23 30.6.22
£    £   
J W Hallett
Balance outstanding at start of year 351,940 378,388
Amounts advanced 14,491 -
Amounts repaid - (26,448 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 366,431 351,940