IRIS Accounts Production v24.2.0.383 SC573308 Board of Directors 1.1.23 31.12.23 31.12.23 false true false false true false iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWhSC5733082022-12-31SC5733082023-12-31SC5733082023-01-012023-12-31SC5733082021-12-31SC5733082022-01-012022-12-31SC5733082022-12-31SC573308ns15:Scotland2023-01-012023-12-31SC573308ns14:PoundSterling2023-01-012023-12-31SC573308ns10:Director12023-01-012023-12-31SC573308ns10:PrivateLimitedCompanyLtd2023-01-012023-12-31SC573308ns10:SmallEntities2023-01-012023-12-31SC573308ns10:AuditExempt-NoAccountantsReport2023-01-012023-12-31SC573308ns10:SmallCompaniesRegimeForDirectorsReport2023-01-012023-12-31SC573308ns10:SmallCompaniesRegimeForAccounts2023-01-012023-12-31SC573308ns10:FullAccounts2023-01-012023-12-31SC573308ns5:CurrentFinancialInstruments2023-12-31SC573308ns5:CurrentFinancialInstruments2022-12-31SC573308ns5:Non-currentFinancialInstruments2023-12-31SC573308ns5:Non-currentFinancialInstruments2022-12-31SC573308ns5:ShareCapital2023-12-31SC573308ns5:ShareCapital2022-12-31SC573308ns5:RetainedEarningsAccumulatedLosses2023-12-31SC573308ns5:RetainedEarningsAccumulatedLosses2022-12-31SC573308ns5:PlantMachinery2023-01-012023-12-31SC573308ns5:PlantMachinery2022-12-31SC573308ns5:PlantMachinery2023-12-31SC573308ns5:PlantMachinery2022-12-31SC573308ns5:PlantMachineryns5:LeasedAssetsHeldAsLessee2022-12-31SC573308ns5:PlantMachineryns5:LeasedAssetsHeldAsLessee2023-01-012023-12-31SC573308ns5:PlantMachineryns5:LeasedAssetsHeldAsLessee2023-12-31SC573308ns5:PlantMachineryns5:LeasedAssetsHeldAsLessee2022-12-31SC573308ns5:CurrentFinancialInstrumentsns5:WithinOneYear2023-12-31SC573308ns5:CurrentFinancialInstrumentsns5:WithinOneYear2022-12-31
REGISTERED NUMBER: SC573308 (Scotland)















Unaudited Financial Statements for the Year Ended 31 December 2023

for

Halliday Properties (Scotland) Limited

Halliday Properties (Scotland) Limited (Registered number: SC573308)






Contents of the Financial Statements
for the Year Ended 31 December 2023




Page

Balance Sheet 1

Notes to the Financial Statements 3


Halliday Properties (Scotland) Limited (Registered number: SC573308)

Balance Sheet
31 December 2023

31.12.23 31.12.22
Notes £    £   
FIXED ASSETS
Tangible assets 4 119,426 63,419

CURRENT ASSETS
Debtors 5 481,681 531,067
Cash at bank 208,119 243,025
689,800 774,092
CREDITORS
Amounts falling due within one year 6 (67,933 ) (99,719 )
NET CURRENT ASSETS 621,867 674,373
TOTAL ASSETS LESS CURRENT
LIABILITIES

741,293

737,792

CREDITORS
Amounts falling due after more than one
year

7

-

(25,204

)
NET ASSETS 741,293 712,588

CAPITAL AND RESERVES
Called up share capital 3 3
Retained earnings 741,290 712,585
741,293 712,588

Halliday Properties (Scotland) Limited (Registered number: SC573308)

Balance Sheet - continued
31 December 2023


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 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.

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 12 June 2024 and were signed on its behalf by:





Mr A Halliday - Director


Halliday Properties (Scotland) Limited (Registered number: SC573308)

Notes to the Financial Statements
for the Year Ended 31 December 2023

1. STATUTORY INFORMATION

Halliday Properties (Scotland) Limited is a private limited company, limited by shares, registration number SC573308. The registered office is Unit 5, Gateway Business Park, Beancross Road, Grangemouth, FK3 8WX.

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.

Turnover
Turnover represents net invoiced sales of services in respect of estate and letting agents, excluding value added tax. Sales are recognised at the point at which the service is complete.

Tangible fixed assets and depreciation
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 - 33% on cost, 25% on reducing balance and 20% on reducing balance

Tangible fixed assets are stated at cost less depreciation. Cost represent purchase price together with any incidental costs of acquisition.

The directors have considered the residual value of all tangible fixed assets to be immaterial and therefore all tangible fixed assets are depreciated to nil value.

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.

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.

Halliday Properties (Scotland) Limited (Registered number: SC573308)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2023

2. ACCOUNTING POLICIES - continued

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.

Provisions
Provisions are recognised when the company has a legal or constructive obligation as a result of a past event, it is probable that an outflow of resources will be required to settle the obligation, and the amount has been reliably estimated. Provisions are not recognised for future operating losses. Provisions are discounted where the time value of money is material.

Where there are a number of similar obligations, the likelihood that an outflow will be required in settlement is determined by considering the class of obligations as a whole. A provision is recognised even if the likelihood of an outflow with respect to any one item included in the same class of obligations may be small.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 7 (2022 - 5 ) .

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 January 2023 107,555
Additions 74,977
At 31 December 2023 182,532
DEPRECIATION
At 1 January 2023 44,136
Charge for year 18,970
At 31 December 2023 63,106
NET BOOK VALUE
At 31 December 2023 119,426
At 31 December 2022 63,419

Halliday Properties (Scotland) Limited (Registered number: SC573308)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2023

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
At 1 January 2023
and 31 December 2023 50,365
DEPRECIATION
At 1 January 2023 29,423
Charge for year 5,235
At 31 December 2023 34,658
NET BOOK VALUE
At 31 December 2023 15,707
At 31 December 2022 20,942

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.23 31.12.22
£    £   
Amounts owed by related parties 251,474 213,650
Other debtors 230,207 317,417
481,681 531,067

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.23 31.12.22
£    £   
Hire purchase contracts 25,204 5,915
Trade creditors 7,228 7,128
Taxation and social security 32,606 83,896
Other creditors 2,895 2,780
67,933 99,719

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.12.23 31.12.22
£    £   
Hire purchase contracts - 25,204

8. RELATED PARTY DISCLOSURES

Amounts owed by companies under common control total £251,474 (2022: £214,712).

Amounts due to companies under common control total £nil (2022: £nil).