Company registration number 10954901 (England and Wales)
HALL HOLDINGS (EDUCATION) LIMITED
FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2023
PAGES FOR FILING WITH REGISTRAR
HALL HOLDINGS (EDUCATION) LIMITED
COMPANY INFORMATION
Directors
S M Goodwin
C J Blunt
Company number
10954901
Registered office
Pinnerwood Cottage
Woodhall Road
Pinner
Middlesex
HA5 4UA
Accountants
Evelyn Partners (Thames Valley) Limited
22 Wycombe End
Beaconsfield
Buckinghamshire
HP9 1NB
HALL HOLDINGS (EDUCATION) LIMITED
CONTENTS
Page
Balance sheet
1
Notes to the financial statements
2 - 4
HALL HOLDINGS (EDUCATION) LIMITED
BALANCE SHEET
AS AT
31 AUGUST 2023
31 August 2023
- 1 -
2023
2022
Notes
£
£
£
£
Fixed assets
Investments
3
2,101,410
2,101,410
Current assets
Cash at bank and in hand
25,250
42,334
Creditors: amounts falling due within one year
4
(1,743,384)
(1,655,222)
Net current liabilities
(1,718,134)
(1,612,888)
Total assets less current liabilities
383,276
488,522
Creditors: amounts falling due after more than one year
5
(379,955)
(485,201)
Net assets
3,321
3,321
Capital and reserves
Called up share capital
6
100
100
Profit and loss reserves
3,221
3,221
Total equity
3,321
3,321

The directors of the company have elected not to include a copy of the profit and loss account within the financial statements.true

For the financial year ended 31 August 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476.

These financial statements have been prepared and delivered 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 April 2024 and are signed on its behalf by:
C J Blunt
Director
Company registration number 10954901 (England and Wales)
HALL HOLDINGS (EDUCATION) LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2023
- 2 -
1
Accounting policies
Company information

Hall Holdings (Education) Limited is a private company limited by shares incorporated in England and Wales. The registered office is Pinnerwood Cottage, Woodhall Road, Pinner, Middlesex, HA5 4UA.

1.1
Accounting convention

These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. The disclosure requirements of section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The financial statements are prepared in sterling, which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest £.

The financial statements have been prepared under the historical cost convention. The principal accounting policies adopted are set out below.

1.2
Fixed asset investments

Interests in subsidiaries are initially measured at cost and subsequently measured at cost less any accumulated impairment losses. The investments are assessed for impairment at each reporting date and any impairment losses or reversals of impairment losses are recognised immediately in profit or loss.

A subsidiary is an entity controlled by the company. Control is the power to govern the financial and operating policies of the entity so as to obtain benefits from its activities.

1.3
Financial instruments

The company has elected to apply the provisions of Section 11 ”Basic Financial Instruments” to all of its financial instruments.

 

Financial instruments are recognised in the company’s balance sheet when the company becomes party to the contractual provisions of the instrument.

Basic financial assets

Short term debtors are measured at transaction price less any provision for impairment. Loans receivable are measured initially at fair value, net of transaction costs and are subsequently carried at amortised costs using the effective interest method, less any provision for impairment.

Basic financial liabilities

Short term creditors are measured at transaction price. Other financial liabilities, including bank loans and other loans, are measured initially at fair value, net of transaction costs and are subsequently carried at amortised costs using the effective interest method.

2
Employees

The average monthly number of persons (including directors) employed by the company during the year was:

2023
2022
Number
Number
Total
2
2
HALL HOLDINGS (EDUCATION) LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 AUGUST 2023
- 3 -
3
Fixed asset investments
2023
2022
£
£
Investments
2,101,410
2,101,410
Movements in fixed asset investments
Shares in group undertakings
£
Cost or valuation
At 1 September 2022 & 31 August 2023
2,101,410
Carrying amount
At 31 August 2023
2,101,410
At 31 August 2022
2,101,410
4
Creditors: amounts falling due within one year
2023
2022
£
£
Bank loans
56,590
56,590
Amounts owed to group undertakings
322,768
208,106
Other creditors
1,364,026
1,390,526
1,743,384
1,655,222

The bank loans and overdrafts are secured by way of a fixed and floating charge over all the assets of the company.

5
Creditors: amounts falling due after more than one year
2023
2022
£
£
Bank loans and overdrafts
379,955
485,201

The bank loans and overdrafts are secured by way of a fixed and floating charge over all the assets of the company.

6
Called up share capital
2023
2022
2023
2022
Ordinary share capital
Number
Number
£
£
Issued and fully paid
Ordinary shares of £1 each
100
100
100
100
HALL HOLDINGS (EDUCATION) LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 AUGUST 2023
- 4 -
7
Directors' transactions

Dividends totalling £0 (2022 - £0) were paid in the year in respect of shares held by the company's directors.

The directors have given personal guarantees totalling £1,500,000 (2021 - £1,500,000) in respect of the company's bank borrowings.

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