Haile Hall Limited 05200010 false 2023-01-01 2023-12-31 2023-12-31 The principal activity of the company is the management of investment properties. Digita Accounts Production Advanced 6.30.9574.0 true 05200010 2023-01-01 2023-12-31 05200010 2023-12-31 05200010 core:OtherReservesSubtotal 2023-12-31 05200010 core:RetainedEarningsAccumulatedLosses 2023-12-31 05200010 core:ShareCapital 2023-12-31 05200010 core:CurrentFinancialInstruments 2023-12-31 05200010 core:CurrentFinancialInstruments core:WithinOneYear 2023-12-31 05200010 core:FurnitureFittingsToolsEquipment 2023-12-31 05200010 1 2023-12-31 05200010 bus:SmallEntities 2023-01-01 2023-12-31 05200010 bus:AuditExemptWithAccountantsReport 2023-01-01 2023-12-31 05200010 bus:FullAccounts 2023-01-01 2023-12-31 05200010 bus:SmallCompaniesRegimeForAccounts 2023-01-01 2023-12-31 05200010 bus:RegisteredOffice 2023-01-01 2023-12-31 05200010 bus:CompanySecretaryDirector1 2023-01-01 2023-12-31 05200010 bus:PrivateLimitedCompanyLtd 2023-01-01 2023-12-31 05200010 core:FurnitureFittings 2023-01-01 2023-12-31 05200010 countries:EnglandWales 2023-01-01 2023-12-31 05200010 1 2023-01-01 2023-12-31 05200010 2022-12-31 05200010 core:FurnitureFittingsToolsEquipment 2022-12-31 05200010 1 2022-12-31 05200010 2022-01-01 2022-12-31 05200010 2022-12-31 05200010 core:OtherReservesSubtotal 2022-12-31 05200010 core:RetainedEarningsAccumulatedLosses 2022-12-31 05200010 core:ShareCapital 2022-12-31 05200010 core:CurrentFinancialInstruments 2022-12-31 05200010 core:CurrentFinancialInstruments core:WithinOneYear 2022-12-31 05200010 core:FurnitureFittingsToolsEquipment 2022-12-31 05200010 1 2022-12-31 05200010 1 2022-01-01 2022-12-31 05200010 1 2021-12-31 iso4217:GBP xbrli:pure

Registration number: 05200010

Haile Hall Limited

Filleted Unaudited Financial Statements

for the Year Ended 31 December 2023

 

Haile Hall Limited
(Registration number: 05200010)

Contents

Company Information

1

Balance Sheet

2 to 3

Notes to the Unaudited Financial Statements

4 to 7

 

Haile Hall Limited
(Registration number: 05200010)

Company Information

Director

Miss E A Phipps

Company secretary

Miss E A Phipps

Registered office

71 Berry Head Road
Brixham
England
TQ5 9AA

Accountants

Thompson Jenner LLP
1 Colleton Crescent
Exeter
Devon
EX2 4DG

 

Haile Hall Limited
(Registration number: 05200010)

Balance Sheet as at 31 December 2023

Note

2023
£

2022
£

Fixed assets

 

Investment property

5

500,000

416,049

 

500,000

416,049

Current assets

 

Debtors

6

81,759

95,380

Cash at bank and in hand

 

158,160

108,577

 

239,919

203,957

Creditors: Amounts falling due within one year

7

(14,773)

(7,832)

Net current assets

 

225,146

196,125

Total assets less current liabilities

 

725,146

612,174

Provisions for liabilities

(4,779)

-

Net assets

 

720,367

612,174

Capital and reserves

 

Called up share capital

1,000

1,000

Other reserves

79,172

-

Profit and loss account

640,195

611,174

Total equity

 

720,367

612,174

For the financial year ending 31 December 2023 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 her 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 special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

 

Haile Hall Limited
(Registration number: 05200010)

Balance Sheet as at 31 December 2023

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 Profit and Loss Account has been taken.

Approved and authorised by the director on 30 August 2024
 

.........................................
Miss E A Phipps
Company secretary and director

 

Haile Hall Limited
(Registration number: 05200010)

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

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:
71 Berry Head Road
Brixham
England
TQ5 9AA

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.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and 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.

 

Haile Hall Limited
(Registration number: 05200010)

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

Deferred income tax is recognised on temporary differences arising between the tax bases of assets and liabilities and their carrying amounts in the financial statements and on unused tax losses or tax credits in the company. Deferred income tax is determined using tax rates and laws that have been enacted or substantively enacted by the reporting date.

The carrying amount of deferred tax assets are reviewed at each reporting date and a valuation allowance is set up against deferred tax assets so that the net carrying amount equals the highest amount that is more likely than not to be recovered based on current or future taxable profit.

Tangible assets

Tangible assets are stated in the balance sheet 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

Furniture, fittings and equipment

20% straight line

Investment property

Investment property is carried at fair value, derived from the current market prices for comparable real estate determined annually by external valuers. The valuers use observable market prices, adjusted if necessary for any difference in the nature, location or condition of the specific asset. Changes in fair value are recognised in profit or loss.

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Trade debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.

Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

 

Haile Hall Limited
(Registration number: 05200010)

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

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

3

Staff numbers

The average number of persons employed by the company (including the director) during the year, was 1 (2022 - 1).

4

Tangible assets

Furniture, fittings and equipment
 £

Total
£

Cost or valuation

At 1 January 2023

3,058

3,058

At 31 December 2023

3,058

3,058

Depreciation

At 1 January 2023

3,058

3,058

At 31 December 2023

3,058

3,058

Carrying amount

At 31 December 2023

-

-

At 31 December 2022

-

-

 

Haile Hall Limited
(Registration number: 05200010)

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

5

Investment properties

2023
£

At 1 January

416,049

Fair value adjustments

83,951

At 31 December

500,000

There has been a valuation of the investment property by an independent valuer.

6

Debtors

2023
£

2022
£

Trade debtors

-

8,325

Other debtors

-

15,271

Prepayments and accrued income

81,759

71,784

Total current trade and other debtors

81,759

95,380

7

Creditors

2023
£

2022
£

Due within one year

Taxation and social security

8,925

7,112

Other creditors

4,730

-

Accrued expenses

1,118

720

14,773

7,832

8

Related party transactions

Transactions with the director

2023

At 1 January 2023
£

Repayments by director
£

At 31 December 2023
£

Interest free loan, repayable on demand

15,272

(15,272)

-

       
     

 

2022

At 1 January 2022
£

Advances to director
£

At 31 December 2022
£

Interest free loan, repayable on demand

-

15,272

15,272