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REGISTERED NUMBER: 03255652 (England and Wales)















Report of the Directors and

Unaudited Financial Statements

For The Year Ended 24 December 2022

for

HALLAM COURT RESIDENTS ASSOCIATION
LIMITED

HALLAM COURT RESIDENTS ASSOCIATION
LIMITED (REGISTERED NUMBER: 03255652)






Contents of the Financial Statements
For The Year Ended 24 December 2022




Page

Company Information 1

Report of the Directors 2

Income Statement 3

Balance Sheet 4

Notes to the Financial Statements 5


HALLAM COURT RESIDENTS ASSOCIATION
LIMITED

Company Information
For The Year Ended 24 December 2022







DIRECTORS: S C Bond
B Harle
M Lababedi
A K Ayoub Agha
H Y Proctor
T Chamsi-Pasha
S Chamsi-Pasha
O Lababedi





SECRETARY: H Y Proctor





REGISTERED OFFICE: Unit 16
Northfields Prospect Business Centre
Putney Bridge Road
London
SW18 1PE





REGISTERED NUMBER: 03255652 (England and Wales)





ACCOUNTANTS: LBCo Ltd
T/A Lees-Buckley & Co
16 Northfields Prospect
Putney Bridge Road
London
SW18 1PE

HALLAM COURT RESIDENTS ASSOCIATION
LIMITED (REGISTERED NUMBER: 03255652)

Report of the Directors
For The Year Ended 24 December 2022

The directors present their report with the financial statements of the company for the year ended 24 December 2022.

PRINCIPAL ACTIVITY
The company owns the headlease of Hallam Court, 77 Hallam Street, London W1.
The company's principal activity during the year was the management of the above property.

DIRECTORS
The directors shown below have held office during the whole of the period from 25 December 2021 to the date of this report.

S C Bond
B Harle
M Lababedi
A K Ayoub Agha

Other changes in directors holding office are as follows:

J A Reinstein - resigned 29 January 2022

H Y Proctor , T Chamsi-Pasha , S Chamsi-Pasha and O Lababedi were appointed as directors after 24 December 2022 but prior to the date of this report.

F Chamsi-Pasha , C M Chamsi-Pasha and R V Proctor ceased to be directors after 24 December 2022 but prior to the date of this report.

This report has been prepared in accordance with the provisions of Part 15 of the Companies Act 2006 relating to small companies.

BY ORDER OF THE BOARD:





H Y Proctor - Secretary


23 February 2024

HALLAM COURT RESIDENTS ASSOCIATION
LIMITED (REGISTERED NUMBER: 03255652)

Income Statement
For The Year Ended 24 December 2022

24.12.22 24.12.21
Notes £    £   

TURNOVER 3,941 3,941

Rent Payable (625 ) (625 )
GROSS PROFIT 3,316 3,316

Administrative expenses (4,937 ) (1,704 )
OPERATING (LOSS)/PROFIT 4 (1,621 ) 1,612

Interest receivable and similar income 51 64
(LOSS)/PROFIT BEFORE TAXATION (1,570 ) 1,676

Tax on (loss)/profit (10 ) (12 )
(LOSS)/PROFIT FOR THE FINANCIAL
YEAR

(1,580

)

1,664

HALLAM COURT RESIDENTS ASSOCIATION
LIMITED (REGISTERED NUMBER: 03255652)

Balance Sheet
24 December 2022

24.12.22 24.12.21
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 6 48,824 50,759

CURRENT ASSETS
Debtors 7 284,865 275,303
Cash at bank 148,738 148,783
433,603 424,086
CREDITORS
Amounts falling due within one year 8 260,695 152,574
NET CURRENT ASSETS 172,908 271,512
TOTAL ASSETS LESS CURRENT
LIABILITIES

221,732

322,271

PROVISIONS FOR LIABILITIES 9 95,297 194,256
NET ASSETS 126,435 128,015

CAPITAL AND RESERVES
Called up share capital 10 119 119
Share premium 11 135,952 135,952
Retained earnings 11 (9,636 ) (8,056 )
SHAREHOLDERS' FUNDS 126,435 128,015

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 24 December 2022.

The members have not required the company to obtain an audit of its financial statements for the year ended 24 December 2022 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.

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

The financial statements were approved by the Board of Directors and authorised for issue on 23 February 2024 and were signed on its behalf by:



H Y Proctor - Director


HALLAM COURT RESIDENTS ASSOCIATION
LIMITED (REGISTERED NUMBER: 03255652)

Notes to the Financial Statements
For The Year Ended 24 December 2022

1. STATUTORY INFORMATION

Hallam Court Residents Association 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.

Service Charge Balances
The company is trustee for the service charge of its leasehold property and related expenditure is commissioned in its own (company) name. Accordingly, and whilst service charge income and expenditure have been excluded from the Profit and Loss Account, related assets and liabilities are recorded in the Balance Sheet with movement therein shown in notes to the financial statements.

Turnover
Turnover represents rental income for the year.

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 period of the lease

3. EMPLOYEES AND DIRECTORS

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

4. OPERATING (LOSS)/PROFIT

The operating loss (2021 - operating profit) is stated after charging:

24.12.22 24.12.21
£    £   
Depreciation - owned assets 1,935 1,862

HALLAM COURT RESIDENTS ASSOCIATION
LIMITED (REGISTERED NUMBER: 03255652)

Notes to the Financial Statements - continued
For The Year Ended 24 December 2022

5. SERVICE CHARGE ACCOUNT

During the year the company charged contributions to the lessees of Hallam Court London W1 in respect of the management of the property. The movement of those funds during the year was as follows;


24.12.22 24.12.21
£ £
Service charge charged 240,667 224,221
Excess service charge charged 2,924 2,725
243,591 226,946

Service charge expenditure (344,385 ) (208,927 )
Transfer from / (to) reserve fund 98,959 (18,218 )
Deficit for the year (1,835 ) (199 )

Opening cumulative deficit (2,924 ) (2,725 )
Closing cumulative deficit (4,759 ) (2,924 )
All service expenditure is recoverable from the lessees.

6. TANGIBLE FIXED ASSETS
Short
leasehold
£   
COST
At 25 December 2021
and 24 December 2022 75,556
DEPRECIATION
At 25 December 2021 24,797
Charge for year 1,935
At 24 December 2022 26,732
NET BOOK VALUE
At 24 December 2022 48,824
At 24 December 2021 50,759

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
24.12.22 24.12.21
£    £   
Lessee Arrears 65,495 48,897
Other Debtors 21,496 3,265
Funds Held By Managing Agents 161,214 191,259
Service Charge Deficit(Note 5) 4,759 2,924
Prepayments and accrued income 31,901 28,958
284,865 275,303

HALLAM COURT RESIDENTS ASSOCIATION
LIMITED (REGISTERED NUMBER: 03255652)

Notes to the Financial Statements - continued
For The Year Ended 24 December 2022

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
24.12.22 24.12.21
£    £   
Trade creditors 58,763 -
Corporation Tax 22 12
Other creditors 32,344 33,868
Advance payments of service
charge and ground rent 10,987 1,512
Accrued expenses 158,579 117,182
260,695 152,574

9. PROVISIONS FOR LIABILITIES

Service charge reserve fund
24.12.2224.12.21
£ £
Balance at 25.12.21194,256176,038
Transfer (from) / to reserve during the year (note 5)(98,959)18,218
Balance at 24.12.2295,297194,256

10. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 24.12.22 24.12.21
value: £    £   
33 Ordinary £1 33 33
86,410 "B" 0.1p 86 86
119 119

11. RESERVES
Retained Share
earnings premium Totals
£    £    £   

At 25 December 2021 (8,056 ) 135,952 127,896
Deficit for the year (1,580 ) (1,580 )
At 24 December 2022 (9,636 ) 135,952 126,316

12. COMMITMENTS

The commitment of the company within one year in respect of non-cancellable operating leases is as follows:


24.12.22 4.12.21
£ £
Rental lease expiring in more than five years 625 625