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REGISTERED NUMBER: 09915977 (England and Wales)















Financial Statements for the Year Ended 31 March 2024

for

Hall & Hall Property Limited

Hall & Hall Property Limited (Registered number: 09915977)






Contents of the Financial Statements
for the Year Ended 31 March 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Hall & Hall Property Limited

Company Information
for the Year Ended 31 March 2024







DIRECTORS: R J E Hall
S A Hall





REGISTERED OFFICE: The Priory House
7 Church Street
Upholland
Lancashire
WN8 0ND





REGISTERED NUMBER: 09915977 (England and Wales)





ACCOUNTANTS: Cobham Murphy
116 Duke Street
Liverpool
Merseyside
L1 5JW

Hall & Hall Property Limited (Registered number: 09915977)

Balance Sheet
31 March 2024

31.3.24 31.3.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 23,999 -
Investment property 5 1,533,241 1,533,241
1,557,240 1,533,241

CURRENT ASSETS
Debtors 6 297,248 298,469
Cash at bank 1,049 1,763
298,297 300,232
CREDITORS
Amounts falling due within one year 7 470,088 510,196
NET CURRENT LIABILITIES (171,791 ) (209,964 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,385,449

1,323,277

CREDITORS
Amounts falling due after more than
one year

8

(740,866

)

(746,375

)

PROVISIONS FOR LIABILITIES (58,763 ) (58,763 )
NET ASSETS 585,820 518,139

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 585,720 518,039
SHAREHOLDERS' FUNDS 585,820 518,139

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2024 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.

Hall & Hall Property Limited (Registered number: 09915977)

Balance Sheet - continued
31 March 2024


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 Board of Directors and authorised for issue on 8 July 2024 and were signed on its behalf by:





S A Hall - Director


Hall & Hall Property Limited (Registered number: 09915977)

Notes to the Financial Statements
for the Year Ended 31 March 2024

1. STATUTORY INFORMATION

Hall & Hall Property 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.

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


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.

Significant judgements and estimates
There are no judgements (apart from those involving estimates) that have had a significant effect on amounts recognised in the financial statements.

Turnover
Turnover is measured at the fair value of the rents received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Revenue is recognised when the rent is received.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.
Plant and machinery etc - 20% 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.

Financial instruments
Directors loans and intercompany loans (being repayable on demand), trade debtors and trade creditors are measured at the undiscounted amount of the cash or other consideration expected to be paid or received.

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 balance sheet date.


Hall & Hall Property Limited (Registered number: 09915977)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2024

2. ACCOUNTING POLICIES - continued
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.

Hire purchase and leasing commitments
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was NIL (2023 - NIL).

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
Additions 29,999
At 31 March 2024 29,999
DEPRECIATION
Charge for year 6,000
At 31 March 2024 6,000
NET BOOK VALUE
At 31 March 2024 23,999

Hall & Hall Property Limited (Registered number: 09915977)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2024

4. TANGIBLE FIXED ASSETS - continued

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:

Plant and
machinery
etc
£   
COST
Additions 26,099
At 31 March 2024 26,099
DEPRECIATION
Charge for year 5,220
At 31 March 2024 5,220
NET BOOK VALUE
At 31 March 2024 20,879

5. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 April 2023
and 31 March 2024 1,533,241
NET BOOK VALUE
At 31 March 2024 1,533,241
At 31 March 2023 1,533,241

The properties have been revalued in the year based on market value.

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Other debtors 297,248 298,469

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Bank loans and overdrafts 13,752 13,752
Hire purchase contracts 5,596 -
Taxation and social security 10,822 15,829
Other creditors 439,918 480,615
470,088 510,196

Hall & Hall Property Limited (Registered number: 09915977)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2024

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
31.3.24 31.3.23
£    £   
Bank loans 711,301 723,188
Hire purchase contracts 16,402 -
Other creditors 13,163 23,187
740,866 746,375

Amounts falling due in more than five years:

Repayable by instalments
Bank loans more 5 yr by instal 689,494 689,494

9. SECURED DEBTS

The following secured debts are included within creditors:

31.3.24 31.3.23
£    £   
Bank loans 725,053 736,940
Hire purchase contracts 21,998 -
747,051 736,940

10. RELATED PARTY DISCLOSURES

Included in debtors as at 31st March 2024 is £297,248 owed from a related party under common control. The loan is repayable on demand and interest free.

Included in creditors as at 31st March 2024 is £17,082 owed to a related party under common control. The loan is repayable on demand and interest free.