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REGISTERED NUMBER: 08569388 (England and Wales)







Financial Statements for the Year Ended 31st July 2023

for

Halliday Quinn Limited

Halliday Quinn Limited (Registered number: 08569388)






Contents of the Financial Statements
for the Year Ended 31st July 2023




Page

Company Information 1

Abridged Balance Sheet 2

Notes to the Financial Statements 4


Halliday Quinn Limited

Company Information
for the Year Ended 31st July 2023







DIRECTORS: Dr D A Quinn
Dr S A Halliday





REGISTERED OFFICE: Mews Cottage
Carey
Herefordshire
HR2 6NF





REGISTERED NUMBER: 08569388 (England and Wales)





ACCOUNTANTS: The Richards Sandy Partnership
Thorneloe House
25 Barbourne Road
Worcester
Worcestershire
WR1 1RU

Halliday Quinn Limited (Registered number: 08569388)

Abridged Balance Sheet
31st July 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 29,875 30,816
Investments 5 156,579 148,561
186,454 179,377

CURRENT ASSETS
Work in progress 25,649 32,058
Debtors 78,783 38,168
Cash at bank 56,013 61,711
160,445 131,937
CREDITORS
Amounts falling due within one year 40,917 40,987
NET CURRENT ASSETS 119,528 90,950
TOTAL ASSETS LESS CURRENT
LIABILITIES

305,982

270,327

PROVISIONS FOR LIABILITIES 1,959 1,718
NET ASSETS 304,023 268,609

CAPITAL AND RESERVES
Called up share capital 6 100 100
Non-distributable reserve 7 31,579 23,561
Retained earnings 272,344 244,948
SHAREHOLDERS' FUNDS 304,023 268,609

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

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

Halliday Quinn Limited (Registered number: 08569388)

Abridged Balance Sheet - continued
31st July 2023


The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

All the members have consented to the preparation of an abridged Balance Sheet for the year ended 31st July 2023 in accordance with Section 444(2A) of the Companies Act 2006.

In accordance with Section 444 of the Companies Act 2006, the Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 15th April 2024 and were signed on its behalf by:





Dr D A Quinn - Director


Halliday Quinn Limited (Registered number: 08569388)

Notes to the Financial Statements
for the Year Ended 31st July 2023

1. STATUTORY INFORMATION

Halliday Quinn 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 represents net invoiced sales for services, excluding value added tax.

TANGIBLE FIXED ASSETS
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Improvements to property - 5% on cost
Office equipment - 20% on reducing balance

WORK IN PROGRESS
Work in progress is valued at the lower of cost and net realisable value and is realised once the work has been completed.

TAXATION
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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.

PENSION COSTS AND OTHER POST-RETIREMENT BENEFITS
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

FIXED ASSET INVESTMENTS
Fixed asset investments are valued in the Balance Sheet at market value.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2022 - 2 ) .

Halliday Quinn Limited (Registered number: 08569388)

Notes to the Financial Statements - continued
for the Year Ended 31st July 2023

4. TANGIBLE FIXED ASSETS
Totals
£   
COST
At 1st August 2022 56,650
Additions 2,941
At 31st July 2023 59,591
DEPRECIATION
At 1st August 2022 25,834
Charge for year 3,882
At 31st July 2023 29,716
NET BOOK VALUE
At 31st July 2023 29,875
At 31st July 2022 30,816

5. FIXED ASSET INVESTMENTS

Information on investments other than loans is as follows:
Totals
£   
COST OR VALUATION
At 1st August 2022 148,561
Revaluations 8,018
At 31st July 2023 156,579
NET BOOK VALUE
At 31st July 2023 156,579
At 31st July 2022 148,561

Cost or valuation at 31st July 2023 is represented by:
Totals
£   
Valuation in 2016 6,461
Valuation in 2017 5,559
Valuation in 2018 (1,029 )
Valuation in 2019 12,866
Valuation in 2020 (4,305 )
Valuation in 2021 20,482
Valuation in 2022 (16,473 )
Valuation in 2023 8,018
Cost 125,000
156,579

6. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2023 2022
value: £    £   
100 Ordinary £1 100 100

Halliday Quinn Limited (Registered number: 08569388)

Notes to the Financial Statements - continued
for the Year Ended 31st July 2023

7. RESERVES
Non-distribu
reserve
£   
At 1st August 2022 23,561
Revaluation on Investments 8,018

At 31st July 2023 31,579

8. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

Included within creditors is a loan from the directors, no interest has been charged on this loan.