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REGISTERED NUMBER: 11664259 (England and Wales)











HALLSTEN LIMITED

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 NOVEMBER 2023






HALLSTEN LIMITED (REGISTERED NUMBER: 11664259)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 NOVEMBER 2023










Page

Abridged Balance Sheet 1

Notes to the Financial Statements 3


HALLSTEN LIMITED (REGISTERED NUMBER: 11664259)

ABRIDGED BALANCE SHEET
30 NOVEMBER 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 924 782
Investments 5 282,086 12,479
283,010 13,261

CURRENT ASSETS
Debtors 58,963 63,788
Investments 166,213 -
Prepayments and accrued income 744 -
Cash at bank 117,354 506,006
343,274 569,794
NET CURRENT ASSETS 343,274 569,794
TOTAL ASSETS LESS CURRENT
LIABILITIES

626,284

583,055

PROVISIONS FOR LIABILITIES (1,524 ) (149 )

ACCRUALS AND DEFERRED INCOME (3,600 ) (1,410 )
NET ASSETS 621,160 581,496

CAPITAL AND RESERVES
Called up share capital 6 100 100
Revaluation reserve 7 5,746 -
Retained earnings 615,314 581,396
SHAREHOLDERS' FUNDS 621,160 581,496

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 November 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 November 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.

HALLSTEN LIMITED (REGISTERED NUMBER: 11664259)

ABRIDGED BALANCE SHEET - continued
30 NOVEMBER 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 Balance Sheet for the year ended 30 November 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 and authorised for issue by the director and authorised for issue on 29 August 2024 and were signed by:





J A Hallsten - Director


HALLSTEN LIMITED (REGISTERED NUMBER: 11664259)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 NOVEMBER 2023


1. STATUTORY INFORMATION

Hallsten Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address are as below:

Registered number: 11664259

Registered office: 3 Weekley Wood Close
Kettering
Northamptonshire
NN14 1UQ

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.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Computer equipment - 33% on cost

Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses. Cost includes costs directly attributable to making the asset capable of operating as intended.

Debtors and creditors
Debtors receivable / creditors payable within one year are measured at transaction price (less any impairment losses on debtors for bad and doubtful debts). Loans and other financial assets / liabilities are initially measured at transaction price and subsequently measured at amortised cost determined using the effective interest method (less any impairment losses on debtors) for bad and doubtful debts.

Any losses arising from impairment are recognised in the profit and loss account.

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.


HALLSTEN LIMITED (REGISTERED NUMBER: 11664259)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 NOVEMBER 2023


2. ACCOUNTING POLICIES - continued
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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2022 - 1 ) .

4. TANGIBLE FIXED ASSETS
Totals
£   
COST
At 1 December 2022 4,698
Additions 1,387
At 30 November 2023 6,085
DEPRECIATION
At 1 December 2022 3,916
Charge for year 1,245
At 30 November 2023 5,161
NET BOOK VALUE
At 30 November 2023 924
At 30 November 2022 782

HALLSTEN LIMITED (REGISTERED NUMBER: 11664259)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 NOVEMBER 2023


5. FIXED ASSET INVESTMENTS

Information on investments other than loans is as follows:
Totals
£   
COST OR VALUATION
At 1 December 2022 12,479
Additions 405,941
Disposals (143,896 )
Revaluations 7,093
Exchange differences 469
At 30 November 2023 282,086
NET BOOK VALUE
At 30 November 2023 282,086
At 30 November 2022 12,479

Cost or valuation at 30 November 2023 is represented by:
Totals
£   
Valuation in 2023 7,562
Cost 274,524
282,086

If fixed asset investments had not been revalued they would have been included at the following historical cost:

2023 2022
£    £   
Cost 274,524 12,479

6. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2023 2022
value: £    £   
100 Ordinary £1.00 100 100

7. RESERVES
Revaluation
reserve
£   
Revaluation of assets 7,094
Deferred tax (1,348 )

At 30 November 2023 5,746

HALLSTEN LIMITED (REGISTERED NUMBER: 11664259)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 NOVEMBER 2023


8. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 30 November 2023 and 30 November 2022:

2023 2022
£    £   
J A Hallsten
Balance outstanding at start of year 63,788 -
Amounts advanced - 78,000
Amounts repaid (15,553 ) (14,212 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 48,235 63,788

Loans to directors are repayable on demand. Interest has been charged at HMRC approved rates.