Registered number
02760888
Hallmark Property Residential UK Ltd
Filleted Accounts
30 November 2023
Hallmark Property Residential UK Ltd
Registered number: 02760888
Balance Sheet
as at 30 November 2023
Notes 2023 2022
£ £
Fixed assets
Tangible assets 4 3,037 3,797
Investments 5 166,968 146,608
170,005 150,405
Current assets
Debtors 6 7,300 7,300
Cash at bank and in hand 74,380 122,795
81,680 130,095
Creditors: amounts falling due within one year 7 (2,621) (15,538)
Net current assets 79,059 114,557
Net assets 249,064 264,962
Capital and reserves
Called up share capital 100 100
Profit and loss account 248,964 264,862
Shareholder's funds 249,064 264,962
The director is satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The member has not required the company to obtain an audit in accordance with section 476 of the Act.
The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
B. Tipping
Director
Approved by the board on 6 August 2024
Hallmark Property Residential UK Ltd
Notes to the Accounts
for the year ended 30 November 2023
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Office equipment 25% straight line
Investments
Investments in subsidiaries, associates and joint ventures are measured at cost less any accumulated impairment losses. Listed investments are measured at fair value. Unlisted investments are measured at fair value unless the value cannot be measured reliably, in which case they are measured at cost less any accumulated impairment losses. Changes in fair value are included in the profit and loss account.
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. 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, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
2 Employees 2023 2022
Number Number
Average number of persons employed by the company - -
3 Taxation 2023 2022
£ £
UK Corporation Tax 1,147 6,543
1,147 6,543
4 Tangible fixed assets
Office equipment
£
Cost
At 1 December 2022 9,000
At 30 November 2023 9,000
Depreciation
At 1 December 2022 5,203
Charge for the year 760
At 30 November 2023 5,963
Net book value
At 30 November 2023 3,037
At 30 November 2022 3,797
5 Investments
Other
investments
£
Cost
At 1 December 2022 146,608
Additions (incl cash held for re-investment) 20,360
At 30 November 2023 166,968
6 Debtors 2023 2022
£ £
Director's current account 7,300 7,300
7 Creditors: amounts falling due within one year 2023 2022
£ £
Corporation Tax 1,147 14,838
Other creditors 1,474 700
2,621 15,538
8 Controlling party
The director holds 100% of the share capital
9 Other information
Hallmark Property Residential UK Ltd is a private company limited by shares and incorporated in England. Its registered office is:
60 Edgcumbe Avenue
Newquay
Cornwall
TR7 2NJ
Hallmark Property Residential UK Ltd 02760888 false 2022-12-01 2023-11-30 2023-11-30 VT Final Accounts April 2024 B. Tipping No description of principal activity 02760888 2021-12-01 2022-11-30 02760888 core:WithinOneYear 2022-11-30 02760888 core:ShareCapital 2022-11-30 02760888 core:RetainedEarningsAccumulatedLosses 2022-11-30 02760888 2022-12-01 2023-11-30 02760888 bus:PrivateLimitedCompanyLtd 2022-12-01 2023-11-30 02760888 bus:AuditExemptWithAccountantsReport 2022-12-01 2023-11-30 02760888 bus:Director40 2022-12-01 2023-11-30 02760888 1 2022-12-01 2023-11-30 02760888 2 2022-12-01 2023-11-30 02760888 core:Goodwill 2022-12-01 2023-11-30 02760888 core:PlantMachinery 2022-12-01 2023-11-30 02760888 countries:England 2022-12-01 2023-11-30 02760888 bus:FRS102 2022-12-01 2023-11-30 02760888 bus:FilletedAccounts 2022-12-01 2023-11-30 02760888 2023-11-30 02760888 core:WithinOneYear 2023-11-30 02760888 core:ShareCapital 2023-11-30 02760888 core:RetainedEarningsAccumulatedLosses 2023-11-30 02760888 core:PlantMachinery 2023-11-30 02760888 core:AdditionsToInvestments 2023-11-30 02760888 2022-11-30 02760888 core:PlantMachinery 2022-11-30 iso4217:GBP xbrli:pure