IRIS Accounts Production v24.1.9.2 04153108 director 1.1.23 31.12.23 31.12.23 true false true false false true false Fair value model iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh041531082022-12-31041531082023-12-31041531082023-01-012023-12-31041531082021-12-31041531082022-01-012022-12-31041531082022-12-3104153108ns15:EnglandWales2023-01-012023-12-3104153108ns14:PoundSterling2023-01-012023-12-3104153108ns10:Director12023-01-012023-12-3104153108ns10:PrivateLimitedCompanyLtd2023-01-012023-12-3104153108ns10:SmallEntities2023-01-012023-12-3104153108ns10:AuditExempt-NoAccountantsReport2023-01-012023-12-3104153108ns10:SmallCompaniesRegimeForDirectorsReport2023-01-012023-12-3104153108ns10:SmallCompaniesRegimeForAccounts2023-01-012023-12-3104153108ns10:AbridgedAccounts2023-01-012023-12-3104153108ns10:CompanySecretary12023-01-012023-12-3104153108ns10:RegisteredOffice2023-01-012023-12-3104153108ns5:CurrentFinancialInstruments2023-12-3104153108ns5:CurrentFinancialInstruments2022-12-3104153108ns5:Non-currentFinancialInstruments2023-12-3104153108ns5:Non-currentFinancialInstruments2022-12-3104153108ns5:ShareCapital2023-12-3104153108ns5:ShareCapital2022-12-3104153108ns5:CapitalRedemptionReserve2023-12-3104153108ns5:CapitalRedemptionReserve2022-12-3104153108ns5:FurtherSpecificReserve3ComponentTotalEquity2023-12-3104153108ns5:FurtherSpecificReserve3ComponentTotalEquity2022-12-3104153108ns5:RetainedEarningsAccumulatedLosses2023-12-3104153108ns5:RetainedEarningsAccumulatedLosses2022-12-3104153108ns5:FurnitureFittings2023-01-012023-12-3104153108ns5:MotorVehicles2023-01-012023-12-3104153108ns5:ComputerEquipment2023-01-012023-12-3104153108ns5:Secured2023-12-3104153108ns5:Secured2022-12-3104153108ns5:FurtherSpecificReserve3ComponentTotalEquity2022-12-31
REGISTERED NUMBER: 04153108 (England and Wales)















FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2023

FOR

HALLMARK DEVELOPMENTS (NORTH WEST)
LIMITED

HALLMARK DEVELOPMENTS (NORTH WEST)
LIMITED (REGISTERED NUMBER: 04153108)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023




Page

Company Information 1

Abridged Balance Sheet 2

Notes to the Financial Statements 4


HALLMARK DEVELOPMENTS (NORTH WEST)
LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 DECEMBER 2023







DIRECTOR: C D Grieves





SECRETARY: Mrs J T Grieves





REGISTERED OFFICE: Park House
200 Drake Street
Rochdale
Lancashire
OL16 1PJ





REGISTERED NUMBER: 04153108 (England and Wales)





ACCOUNTANTS: Wyatt Morris Golland Ltd
Park House
200 Drake Street
Rochdale
Lancashire
OL16 1PJ

HALLMARK DEVELOPMENTS (NORTH WEST)
LIMITED (REGISTERED NUMBER: 04153108)

ABRIDGED BALANCE SHEET
31 DECEMBER 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 95,197 107,622
Investments 5 1 1
Investment property 6 26,177,163 23,656,134
26,272,361 23,763,757

CURRENT ASSETS
Stocks 2,331,110 2,440,613
Debtors 2,011,063 1,816,974
Cash at bank and in hand 199,515 303,248
4,541,688 4,560,835
CREDITORS
Amounts falling due within one year 2,529,001 2,150,176
NET CURRENT ASSETS 2,012,687 2,410,659
TOTAL ASSETS LESS CURRENT
LIABILITIES

28,285,048

26,174,416

CREDITORS
Amounts falling due after more than one year 7 (7,646,964 ) (8,189,760 )

PROVISIONS FOR LIABILITIES (2,758,198 ) (2,396,906 )
NET ASSETS 17,879,886 15,587,750

CAPITAL AND RESERVES
Called up share capital 500 500
Capital redemption reserve 500 500
Non distributable reserves 9 8,274,593 7,190,718
Retained earnings 9,604,293 8,396,032
SHAREHOLDERS' FUNDS 17,879,886 15,587,750

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

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

HALLMARK DEVELOPMENTS (NORTH WEST)
LIMITED (REGISTERED NUMBER: 04153108)

ABRIDGED BALANCE SHEET - continued
31 DECEMBER 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 Income Statement and an abridged Balance Sheet for the year ended 31 December 2023 in accordance with Section 444(2A) of the Companies Act 2006.

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 22 July 2024 and were signed by:





C D Grieves - Director


HALLMARK DEVELOPMENTS (NORTH WEST)
LIMITED (REGISTERED NUMBER: 04153108)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

1. STATUTORY INFORMATION

Hallmark Developments (North West) 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.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Fixtures and fittings - 25% on reducing balance
Motor vehicles - 25% on reducing balance
Computer equipment - 33% on cost

Investments in subsidiaries
Investments in subsidiary undertakings are recognised at cost less any provision for impairment.

Investment property
Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value are transferred to a non distributable reserve.

Stocks & long term contracts
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Development sites included in stock are valued at the lower of cost and net realisable value.

Long term contracts are assessed on a contract by contract basis with turnover and contract costs recognised in a manner appropriate to the stage of completion of the contract. Where it is considered that the outcome of a contract can be assessed with reasonable certainty, the prudently calculated attributable profit is recognised in the profit and loss account. Full provision is made immediately for all known or expected losses on individual contracts.

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.

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.

HALLMARK DEVELOPMENTS (NORTH WEST)
LIMITED (REGISTERED NUMBER: 04153108)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2023

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 6 (2022 - 4 ) .

4. TANGIBLE FIXED ASSETS
Totals
£   
COST
At 1 January 2023 202,438
Disposals (44,616 )
At 31 December 2023 157,822
DEPRECIATION
At 1 January 2023 94,816
Charge for year 12,007
Eliminated on disposal (44,198 )
At 31 December 2023 62,625
NET BOOK VALUE
At 31 December 2023 95,197
At 31 December 2022 107,622

5. FIXED ASSET INVESTMENTS

Information on investments other than loans is as follows:
Totals
£   
COST OR VALUATION
At 1 January 2023
and 31 December 2023 95,000
PROVISIONS
At 1 January 2023
and 31 December 2023 94,999
NET BOOK VALUE
At 31 December 2023 1
At 31 December 2022 1

Cost or valuation at 31 December 2023 is represented by:
Totals
£   
Cost 95,000

HALLMARK DEVELOPMENTS (NORTH WEST)
LIMITED (REGISTERED NUMBER: 04153108)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2023

6. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 January 2023 23,656,134
Additions 1,914,005
Disposals (982,976 )
Revaluations 1,590,000
At 31 December 2023 26,177,163
NET BOOK VALUE
At 31 December 2023 26,177,163
At 31 December 2022 23,656,134

Investment properties are included in the accounts at the estimated fair value.

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN FIVE YEARS
2023 2022
£    £   
Repayable by instalments
Bank loans - > 5 years 1,070,512 556,295

8. SECURED DEBTS

The following secured debts are included within creditors:

2023 2022
£    £   
Bank loans 7,451,214 7,449,354
Other loans 32,200 29,411
7,483,414 7,478,765

The bank loans are secured by a debenture on the assets of the company and various legal charges over the properties to which the loans relate. The other loans are secured by legal charges over the properties to which they relate..

9. RESERVES
Non
distributable
reserves
£   
At 1 January 2023 7,190,718
Sale of revalued assets (108,625 )
Reserve transfer 1,192,500

At 31 December 2023 8,274,593

10. RELATED PARTY DISCLOSURES

Included in other creditors due after more than one year is £972,170 due to PREL Limited, a company controlled by the director.