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Registration number: 07663111

Haldane House Limited
 

Annual Report and Unaudited Financial Statements- Companies house filing

for the Year Ended 31 March 2024

 

Haldane House Limited

Contents

Statement of Financial Position

1 to 2

Notes to the Unaudited Financial Statements

3 to 7

 

Haldane House Limited

(Registration number: 07663111)
Statement of Financial Position as at 31 March 2024

Note

2024
£

2023
£

Fixed assets

 

Tangible assets

4

11,370

15,611

Current assets

 

Debtors

5

493,314

549,554

Cash at bank and in hand

 

210

210

 

493,524

549,764

Creditors: Amounts falling due within one year

6

(387,201)

(264,910)

Net current assets

 

106,323

284,854

Total assets less current liabilities

 

117,693

300,465

Creditors: Amounts falling due after more than one year

6

(13,073)

(23,259)

Provisions for liabilities

(2,779)

(3,575)

Net assets

 

101,841

273,631

Capital and reserves

 

Called up share capital

1

1

Profit and loss account

101,840

273,630

Shareholders' funds

 

101,841

273,631

For the financial year ending 31 March 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and

The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime and the option not to file the Income Statement has been taken.

Approved and authorised by the director on 13 August 2024
 

 

Haldane House Limited

(Registration number: 07663111)
Statement of Financial Position as at 31 March 2024

.........................................
R E M Atkinson
Director

 

Haldane House Limited

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

1

General information

The company is a private company limited by share capital, incorporated in England and Wales.

The address of its registered office is: Knoll House, Knoll Road, Camberley, Surrey, GU15 3SY, United Kingdom.

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

The financial statements are prepared in sterling, which is the functional currency of the entity.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

The company recognises revenue when the amount of revenue can be reliably measured; it is probable that future economic benefits will flow to the entity; and specific criteria have been met for each of the company's activities.

Tax

The tax expense for the period comprises current and deferred tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

Deferred tax is recognised in respect of all timing differences between taxable profits and profits reported in the financial statements.

Unrelieved tax losses and other deferred tax assets are recognised when it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference.

 

Haldane House Limited

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

Tangible assets

Tangible assets are stated in the statement of financial position at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class

Depreciation method and rate

Plant and machinery

25% reducing balance

Fixtures and fittings

20% reducing balance

Motor vehicles

25% reducing balance

Trade debtors

Short term debtors are measured at transaction price, less any impairment.

Cash and cash equivalents

Cash is represented by cash in hand and bank deposits.

Trade creditors

Short term creditors are measured at the transaction price.

Borrowings

Interest-bearing borrowings are initially recorded at fair value, net of transaction costs. Interest-bearing borrowings are subsequently carried at amortised cost, with the difference between the proceeds, net of transaction costs, and the amount due on redemption being recognised as a charge to the income statement over the period of the relevant borrowing.

Interest expense is recognised on the basis of the effective interest method and is included in interest payable and similar charges.

Borrowings are classified as current liabilities unless the company has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date.

Provisions

Provisions are recognised when the company has an obligation at the reporting date as a result of a past event, it is probable that the company will be required to settle that obligation and a reliable estimate can be made of the amount of the obligation.

Defined contribution pension obligation

A defined contribution plan is a pension plan under which fixed contributions are paid into a pension fund and the company has no legal or constructive obligation to pay further contributions even if the fund does not hold sufficient assets to pay all employees the benefits relating to employee service in the current and prior periods.

Contributions to defined contribution plans are recognised as employee benefit expense when they are due. If contribution payments exceed the contribution due for service, the excess is recognised as a prepayment.

Employee benefits

Short-term employee benefits are recognised as an expense in the period which they are incurred.

 

Haldane House Limited

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

Financial instruments

The company only enters into basic financial instruments transactions that result in the recognition of financial assets and liabilities such as trade and other debtors and creditors, loans from banks and other third parties, and loans to related parties.

3

Staff numbers

The average number of persons employed by the company (including the director) during the year, was 29 (2023 - 30).

4

Tangible assets

Fixtures and fittings
£

Plant and machinery
£

Motor vehicles
 £

Total
£

Cost or valuation

At 1 April 2023

21,809

14,470

7,188

43,467

Disposals

-

-

(7,188)

(7,188)

At 31 March 2024

21,809

14,470

-

36,279

Depreciation

At 1 April 2023

9,379

12,568

5,909

27,856

Charge for the year

2,484

478

320

3,282

Eliminated on disposal

-

-

(6,229)

(6,229)

At 31 March 2024

11,863

13,046

-

24,909

Carrying amount

At 31 March 2024

9,946

1,424

-

11,370

At 31 March 2023

12,430

1,902

1,279

15,611

5

Debtors

2024
£

2023
£

Trade debtors

14,062

18,913

Other debtors

478,032

528,592

Prepayments

1,220

2,049

493,314

549,554

 

Haldane House Limited

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

6

Creditors

Creditors: amounts falling due within one year

Note

2024
£

2023
£

Bank loans and overdrafts

7

61,601

25,483

Trade creditors

 

25,052

62,519

Taxation and social security

 

83,824

62,732

Accruals and deferred income

 

12,185

11,297

Other creditors

 

204,539

102,879

 

387,201

264,910


Creditors include a bank overdraft, which is secured by way of a debenture placing fixed and floating charges on all of the company's assets.

Creditors: amounts falling due after more than one year

Note

2024
£

2023
£

Loans and borrowings

7

13,073

23,259

7

Loans and borrowings

2024
£

2023
£

Non-current loans and borrowings

Bank borrowings

13,073

23,259

2024
£

2023
£

Current loans and borrowings

Bank borrowings

10,186

9,936

Bank overdrafts

51,415

15,547

61,601

25,483

 

Haldane House Limited

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

8

Related party transactions

During the year, the company paid rent of £97,908 (2023 - £61,472) to the director in respect of its business premises. At the year end the director had loans outstanding to the company as set out below, on which interest is charged at the HMRC beneficial loan rate prevailing during the year of 2.25%. The loan is repayable on demand.

Transactions with the director

2024

At 1 April 2023
£

Advances to director
£

Repayments by director
£

At 31 March 2024
£

R E M Atkinson

Loans to director

230,306

71,598

(69,000)

232,904

 

230,306

71,598

(69,000)

232,904

       

 

2023

At 1 April 2022
£

Advances to director
£

Repayments by director
£

At 31 March 2023
£

R E M Atkinson

Loans to director

208,829

36,477

(15,000)

230,306

 

208,829

36,477

(15,000)

230,306