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REGISTERED NUMBER: 06919952 (England and Wales)










Unaudited Financial Statements

for the Year Ended 30 June 2024

for

Hanlon Bennett Consulting Limited

Hanlon Bennett Consulting Limited (Registered number: 06919952)






Contents of the Financial Statements
for the Year Ended 30 June 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Hanlon Bennett Consulting Limited

Company Information
for the Year Ended 30 June 2024







DIRECTORS: S Bennett
M C Bennett





SECRETARY: M C Bennett





REGISTERED OFFICE: Airport House
Suite 43-45
Purley Way
Croydon
Surrey
CR0 0XZ





REGISTERED NUMBER: 06919952 (England and Wales)





ACCOUNTANTS: Ledger Sparks Limited
Airport House
Suite 43-45
Purley Way
Croydon
CR0 0XZ

Hanlon Bennett Consulting Limited (Registered number: 06919952)

Balance Sheet
30 June 2024

2024 2023
Notes £    £   
FIXED ASSETS
Tangible assets 4 70 94
Investment property 5 500,000 500,000
500,070 500,094

CURRENT ASSETS
Cash at bank 19,278 3,738

CREDITORS
Amounts falling due within one year 6 (27,074 ) (25,279 )
NET CURRENT LIABILITIES (7,796 ) (21,541 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

492,274

478,553

PROVISIONS FOR LIABILITIES (31,744 ) (31,748 )
NET ASSETS 460,530 446,805

CAPITAL AND RESERVES
Called up share capital 200 200
Investment property reserves 7 160,048 -
Retained earnings 7 300,282 446,605
460,530 446,805

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 June 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 June 2024 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.

Hanlon Bennett Consulting Limited (Registered number: 06919952)

Balance Sheet - continued
30 June 2024


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 Statement of comprehensive income has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 22 August 2024 and were signed on its behalf by:





S Bennett - Director


Hanlon Bennett Consulting Limited (Registered number: 06919952)

Notes to the Financial Statements
for the Year Ended 30 June 2024

1. STATUTORY INFORMATION

Hanlon Bennett Consulting Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

The presentation currency of the financial statements is the Pound Sterling (£).


The principal activity of the company is an investment company which includes rental property.

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.

TURNOVER
Turnover represents rental income from residential property letting.

TANGIBLE FIXED ASSETS
Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses.

Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:

Fixtures, fittings & equipment - 25% reducing balance

The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to profit or loss.

INVESTMENT PROPERTY
Investment property, which is property held to earn rentals and/or for capital appreciation, is initially recognised at cost, which includes the purchase cost and any directly attributable expenditure. Subsequently it is measured at fair value at the reporting end date. Changes in fair value are recognised in profit or loss.

FINANCIAL INSTRUMENTS
The company only enters into basic financial transactions that result in recognition of financial assets and liabilities such as trade and other debtors and creditors, loans from bank and other third parties, loans to related parties and investments in non-puttable ordinary shares.


Hanlon Bennett Consulting Limited (Registered number: 06919952)

Notes to the Financial Statements - continued
for the Year Ended 30 June 2024

2. ACCOUNTING POLICIES - continued
TAXATION
The tax expense represents the sum of the tax currently payable and deferred tax.

CURRENT TAX
The tax currently payable is based on taxable profit for the year. Taxable profit differs from net profit as reported in the profit and loss account because it excludes items of income or expense that are taxable or deductible in other years and it further excludes items that are never taxable or deductible. The company’s liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the reporting end date.

DEFERRED TAX
Deferred tax is recognised in respect of all material timing differences that have originated but not reversed at the balance sheet date.

GOING CONCERN
At the time of approving the financial statements, the directors have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. Thus the directors continue to adopt the going concern basis of accounting in preparing the financial statements and will continue to support the company financially.

PROVISIONS FOR LIABILITIES
Provisions are made where an event has taken place that gives the Company a legal or constructive obligation that probably requires settlement by a transfer of economic benefit and a reliable estimate can be made of the amount of the obligation.

Provisions are charged as an expense to the statement of comprehensive income in the year that the company becomes aware of the obligation and are measured at the best estimate at the Balance sheet date of the expenditure required to settle the obligation, taking into account relevant risks and uncertainties.

When payments are eventually made, they are charged to the provision carried in Balance sheet.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2023 - 2 ) .

4. TANGIBLE FIXED ASSETS
Fixtures
and
fittings
£   
COST
At 1 July 2023
and 30 June 2024 2,917
DEPRECIATION
At 1 July 2023 2,823
Charge for year 24
At 30 June 2024 2,847
NET BOOK VALUE
At 30 June 2024 70
At 30 June 2023 94

Hanlon Bennett Consulting Limited (Registered number: 06919952)

Notes to the Financial Statements - continued
for the Year Ended 30 June 2024

5. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 July 2023
and 30 June 2024 500,000
NET BOOK VALUE
At 30 June 2024 500,000
At 30 June 2023 500,000

The fair value of the investment property has been arrived at on the basis of a valuation carried out by the director.The valuation was made on an open market value basis by reference to market evidence of transaction prices for similar properties.

Fair value at 30 June 2024 is represented by:
£   
Valuation in 2022 100,000
Valuation in 2021 40,000
Valuation in 2019 52,238
Cost 307,762
500,000

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Taxation and social security 3,372 122
Other creditors 23,702 25,157
27,074 25,279

The directors consider the carrying value of current liabilities approximate to their fair values.

Hanlon Bennett Consulting Limited (Registered number: 06919952)

Notes to the Financial Statements - continued
for the Year Ended 30 June 2024

7. RESERVES
Investment
Retained property
earnings reserves Totals
£    £    £   

At 1 July 2023 446,605 - 446,605
Profit for the year 13,725 13,725
Trf to/from Non-Distributable
Reserves (160,048 ) 160,048 -
At 30 June 2024 300,282 160,048 460,330

PROFIT AND LOSS RESERVES

Retained earnings consist of fair value adjustments and deferred tax in relation to investment properties and fixed asset investments

Investment property reserves

The Company uses the revaluation model for the measurement of its investment properties. This reserve records the revaluation surplus recognised less the related provision for deferred tax. This is a non distributable reserve.


Profit and loss account

The Profit and loss account comprises all current and prior period retained profits and losses after deducting any distributions made to the company's shareholders. This is a distributable reserve.

8. RELATED PARTY DISCLOSURES

At the balance sheet date, included in other creditors were amounts due to the directors £21,767 (2023 - £22,760). This loan is interest free and repayable on demand