Caseware UK (AP4) 2023.0.135 2023.0.135 2023-07-312023-07-31222023-01-01The principal activity of the company during the year was that of a holding company.falsetruetrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.false 06030786 2023-01-01 2023-07-31 06030786 2022-01-01 2022-12-31 06030786 2023-07-31 06030786 2022-12-31 06030786 c:CompanySecretary1 2023-01-01 2023-07-31 06030786 c:Director1 2023-01-01 2023-07-31 06030786 c:Director2 2023-01-01 2023-07-31 06030786 c:RegisteredOffice 2023-01-01 2023-07-31 06030786 d:CurrentFinancialInstruments 2023-07-31 06030786 d:CurrentFinancialInstruments 2022-12-31 06030786 d:CurrentFinancialInstruments d:WithinOneYear 2023-07-31 06030786 d:CurrentFinancialInstruments d:WithinOneYear 2022-12-31 06030786 d:ShareCapital 2023-07-31 06030786 d:ShareCapital 2022-12-31 06030786 c:OrdinaryShareClass1 2023-01-01 2023-07-31 06030786 c:OrdinaryShareClass1 2023-07-31 06030786 c:OrdinaryShareClass1 2022-12-31 06030786 c:OrdinaryShareClass2 2023-01-01 2023-07-31 06030786 c:OrdinaryShareClass2 2023-07-31 06030786 c:OrdinaryShareClass2 2022-12-31 06030786 c:FRS102 2023-01-01 2023-07-31 06030786 c:AuditExempt-NoAccountantsReport 2023-01-01 2023-07-31 06030786 c:FullAccounts 2023-01-01 2023-07-31 06030786 c:PrivateLimitedCompanyLtd 2023-01-01 2023-07-31 06030786 6 2023-01-01 2023-07-31 06030786 e:PoundSterling 2023-01-01 2023-07-31 xbrli:shares iso4217:GBP xbrli:pure

Registered number: 06030786









HALLCO 1430 LIMITED







UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE PERIOD ENDED 31 JULY 2023

 
HALLCO 1430 LIMITED
 

CONTENTS



Page
Company Information
 
1
Statement of Financial Position
 
2 - 3
Notes to the Financial Statements
 
4 - 8


 
HALLCO 1430 LIMITED
 
 
COMPANY INFORMATION


Directors
F Ellis FCMA 
J Huggins 




Company secretary
F Ellis FCMA



Registered number
06030786



Registered office
Stainburn Road
Openshaw

Manchester

M11 2EB




Page 1

 
HALLCO 1430 LIMITED
REGISTERED NUMBER: 06030786

STATEMENT OF FINANCIAL POSITION
AS AT 31 JULY 2023

31 July
31 December
2023
2022
Note
£
£

Fixed assets
  

Investments
 5 
113,701
113,701

  
113,701
113,701

  

Creditors: amounts falling due within one year
 6 
(13,601)
(13,601)

Net current liabilities
  
 
 
(13,601)
 
 
(13,601)

Total assets less current liabilities
  
100,100
100,100

  

Net assets
  
100,100
100,100


Capital and reserves
  

Called up share capital 
 7 
100,100
100,100

  
100,100
100,100


Page 2

 
HALLCO 1430 LIMITED
REGISTERED NUMBER: 06030786
    
STATEMENT OF FINANCIAL POSITION (CONTINUED)
AS AT 31 JULY 2023

The directors consider that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the period in question in accordance with section 476 of the Companies Act 2006.

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 financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and in accordance with the provisions of FRS 102 Section 1A - small entities.

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

The Company has opted not to file the statement of income and retained earnings in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf by: 




F Ellis FCMA
Director

Date: 21 June 2024

The notes on pages 4 to 8 form part of these financial statements.

Page 3

 
HALLCO 1430 LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 JULY 2023

1.


General information

The company is a private company limited by shares, registered in England and Wales (registered number 06030786). The address of the registered office is Stainburn Road, Openshaw, Manchester, M11 2EB.

2.Accounting policies

 
2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with FRS 102 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland' and the requirements of the Companies Act 2006. 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 entity.

The preparation of financial statements in compliance with FRS 102 requires the use of certain critical accounting estimates. It also requires management to exercise judgement in applying the Company's accounting policies (see note 3).

The following principal accounting policies have been applied:

  
2.2

Consolidation

The company has taken advantage of the option not to prepare consolidated financial statements contained in Section 398 of the Companies Act 2006 on the basis that the company and its subsidiary undertakings comprise a small group.

 
2.3

Valuation of investments

Investments in subsidiaries are measured at cost less accumulated impairment.

  
2.4

Impairment of fixed assets

A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date.
For the purposes of impairment testing, when it is not possible to estimate the recoverable amount of an individual asset, an estimate is made of the recoverable amount of the cash-generating unit to which the asset belongs. The cash-generating unit is the smallest identifiable group of assets that includes the asset and generates cash inflows that largely independent of the cash inflows from other assets or groups of assets.
For impairment testing of goodwill, the goodwill acquired in a business combination is, from the acquisition date, allocated to each of the cash-generating units that are expected to benefit from the synergies of the combination, irrespective of whether other assets or liabilities of the company are assigned to those units.

Page 4

 
HALLCO 1430 LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 JULY 2023

2.Accounting policies (continued)

 
2.5

Creditors

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

 
2.6

Financial instruments

The Company has elected to apply the provisions of Section 11 “Basic Financial Instruments” of FRS 102 to all of its financial instruments.

The Company has elected to apply the recognition and measurement provisions of IFRS 9 Financial Instruments (as adopted by the UK Endorsement Board) with the disclosure requirements of Sections 11 and 12 and the other presentation requirements of FRS 102.

Financial instruments are recognised in the Company's Statement of Financial Position when the Company becomes party to the contractual provisions of the instrument.

Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

Basic financial assets

Basic financial assets, which include trade and other receivables, cash and bank balances, are initially measured at their transaction price including transaction costs and are subsequently carried at their amortised cost using the effective interest method, less any provision for impairment, unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest.

Discounting is omitted where the effect of discounting is immaterial. The Company's cash and cash equivalents, trade and most other receivables due with the operating cycle fall into this category of financial instruments.

Other financial assets

Other financial assets, which includes investments in equity instruments which are not classified as subsidiaries, associates or joint ventures, are initially measured at fair value, which is normally the recognised transaction price. Such assets are subsequently measured at fair value with the changes in fair value being recognised in the profit or loss. Where other financial assets are not publicly traded, hence their fair value cannot be measured reliably, they are measured at cost less impairment.

Impairment of financial assets

Financial assets are assessed for indicators of impairment at each reporting date. 

Financial assets are impaired when events, subsequent to their initial recognition, indicate the estimated future cash flows derived from the financial asset(s) have been adversely impacted. The impairment loss will be the difference between the current carrying amount and the present value of the future cash flows at the asset(s) original effective interest rate.
 

Page 5

 
HALLCO 1430 LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 JULY 2023

2.Accounting policies (continued)


2.6
Financial instruments (continued)

If there is a favourable change in relation to the events surrounding the impairment loss then the impairment can be reviewed for possible reversal. The reversal will not cause the current carrying amount to exceed the original carrying amount had the impairment not been recognised. The impairment reversal is recognised in the profit or loss.

Financial liabilities

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instruments any contract that evidences a residual interest in the assets of the Company after the deduction of all its liabilities.

Basic financial liabilities, which include trade and other payables, bank loans and other loans are initially measured at their transaction price after transaction costs. When this constitutes a financing transaction, whereby the debt instrument is measured at the present value of the future receipts discounted at a market rate of interest. Discounting is omitted where the effect of discounting is immaterial.

Debt instruments are subsequently carried at their amortised cost using the effective interest rate method.

Trade payables are obligations to pay for goods and services that have been acquired in the ordinary course of business from suppliers. Trade payables are classified as current liabilities if the payment is due within one year. If not, they represent non-current liabilities. Trade payables are initially recognised at their transaction price and subsequently are measured at amortised cost using the effective interest method. Discounting is omitted where the effect of discounting is immaterial.

Other financial instruments

Derivatives, including forward exchange contracts, futures contracts and interest rate swaps, are not classified as basic financial instruments. These are initially recognised at fair value on the date the derivative contract is entered into, with costs being charged to the profit or loss. They are subsequently measured at fair value with changes in the profit or loss.

Debt instruments that do not meet the conditions as set out in FRS 102 paragraph 11.9 are subsequently measured at fair value through the profit or loss. This recognition and measurement would also apply to financial instruments where the performance is evaluated on a fair value basis as with a documented risk management or investment strategy.

Derecognition of financial instruments

Derecognition of financial assets

Financial assets are derecognised when their contractual right to future cash flow expire, or are settled, or when the Company transfers the asset and substantially all the risks and rewards of ownership to another party. If significant risks and rewards of ownership are retained after the transfer to another party, then the Company will continue to recognise the value of the portion of the risks and rewards retained.

 

Page 6

 
HALLCO 1430 LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 JULY 2023

2.Accounting policies (continued)


2.6
Financial instruments (continued)

Derecognition of financial liabilities

Financial liabilities are derecognised when the Company's contractual obligations expire or are discharged or cancelled.

  
2.7

Share capital

Ordinary shares and A ordinary shares are classified as equity. Incremental costs directly attributable to the issue of new ordinary shares or options are shown in equity as a deduction, net of tax from the proceeds.

 
2.8

Dividends

Equity dividends are recognised when they become legally payable. Interim equity dividends are recognised when paid. Final equity dividends are recognised when approved by the shareholders at an annual general meeting.


3.


Judgements in applying accounting policies and key sources of estimation uncertainty

The preparation of the financial statements requires management to make judgements, estimates and assumptions that affect the amounts reported. These estimates and judgements are continually reviewed and are based on experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances. 
Significant judgements
Management do not feel that there are any judgements (apart from those involving estimations) that have been made in the process of applying the entity's accounting policies which have a significant effect on the amounts recognised in the financial statements.
Key sources of estimation uncertainty
Accounting estimates and assumptions are made concerning the future and, by their nature, will rarely equal the related actual outcome. The key assumptions and other sources of estimation uncertainty that have a significant risk of causing a material adjustment to the carrying amounts of assets and liabilities within the next financial year are as follows:
Investments
Investments in subsidiaries are valued at cost. The directors annually consider the need for any impairment and provide as appropriate.


4.


Employees



The average monthly number of employees, including directors, during the period was 2 (2022 - 2).

Page 7

 
HALLCO 1430 LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 JULY 2023

5.


Fixed asset investments








Investments in subsidiary companies

£



Cost or valuation


At 1 January 2023
113,701



At 31 July 2023
113,701






Net book value



At 31 July 2023
113,701



At 31 December 2022
113,701


6.


Creditors: Amounts falling due within one year

31 July
31 December
2023
2022
£
£

Amounts owed to group undertakings
5,000
5,000

Other creditors
8,601
8,601

13,601
13,601



7.


Share capital

31 July
31 December
2023
2022
£
£
Allotted, called up and fully paid



100,000 (2022 - 100,000) Ordinary shares of £1.00 each
100,000
100,000
100 (2022 - 100) A Ordinary shares of £1.00 each
100
100

100,100

100,100


 
Page 8