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REGISTERED NUMBER: 05588171 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 30TH APRIL 2024

FOR

SELMAR PROPERTIES (HALIFAX) LTD

SELMAR PROPERTIES (HALIFAX) LTD (REGISTERED NUMBER: 05588171)

CONTENTS OF THE FINANCIAL STATEMENTS
for the Year Ended 30th April 2024










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


SELMAR PROPERTIES (HALIFAX) LTD

COMPANY INFORMATION
for the Year Ended 30th April 2024







DIRECTORS: Mr T M Krell
Mr E G Krell





SECRETARY: Mr T M Krell





REGISTERED OFFICE: 100 Barbirolli Square
Manchester
M2 3BD





REGISTERED NUMBER: 05588171 (England and Wales)





ACCOUNTANTS: Xeinadin
100 Barbirolli Square
Manchester
M2 3BD

SELMAR PROPERTIES (HALIFAX) LTD (REGISTERED NUMBER: 05588171)

BALANCE SHEET
30th April 2024

2024 2023
Notes £    £   
FIXED ASSETS
Investment property 4 63,555 68,444

CURRENT ASSETS
Debtors 5 142,923 42,923
Cash at bank 80,705 118,389
223,628 161,312
CREDITORS
Amounts falling due within one year 6 (49,373 ) (24,168 )
NET CURRENT ASSETS 174,255 137,144
TOTAL ASSETS LESS CURRENT
LIABILITIES

237,810

205,588

CAPITAL AND RESERVES
Called up share capital 7 1 1
Retained earnings 237,809 205,587
SHAREHOLDERS' FUNDS 237,810 205,588

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

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

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 Profit and Loss Account has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 9th September 2024 and were signed on its behalf by:





Mr T M Krell - Director


SELMAR PROPERTIES (HALIFAX) LTD (REGISTERED NUMBER: 05588171)

NOTES TO THE FINANCIAL STATEMENTS
for the Year Ended 30th April 2024


1. STATUTORY INFORMATION

Selmar Properties (Halifax) Limited is a private company limited by share capital, incorporated in England and Wales, registration number 05588171. The address of the registered office is 100 Barbirolli Square, Manchester, M2 3BD. The principal place of business is 84 Palatine Road, Manchester, M20 3JW.

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 is measured as the fair value of the consideration received or receivable. Turnover is presented net of value added tax, rebates and discounts.

Rental income from operating leases (net of any incentives given to the lessee), is recognised on a straight-line basis over the term of the lease.

Investment property
Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

Investment properties are properties held to earn rentals and/or for capital appreciation. Investment properties are initially measure at cost, including transaction costs. Investment properties are then revalued at fair value at each balance sheet date.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the profit and loss account, 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.

Trade and other debtors
Trade and other debtors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest method, less impairment losses for bad and doubtful debts except where the effect of discounting would be immaterial. In such cases, the receivables are stated at cost less impairment losses for bad and doubtful debts.

Trade and other creditors
Trade and other creditors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest method unless the effect of discounting would be immaterial, in which case they are stated at cost.

SELMAR PROPERTIES (HALIFAX) LTD (REGISTERED NUMBER: 05588171)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 30th April 2024


2. ACCOUNTING POLICIES - continued

Cash at bank
Cash and cash equivalents are represented by cash in hand and at bank.

3. EMPLOYEES AND DIRECTORS

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

4. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1st May 2023
and 30th April 2024 88,000
DEPRECIATION
At 1st May 2023 19,556
Charge for year 4,889
At 30th April 2024 24,445
NET BOOK VALUE
At 30th April 2024 63,555
At 30th April 2023 68,444

As at the balance sheet date, the directors believe that the property was held at fair value.

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Amounts owed by group undertakings 142,923 42,923

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade creditors - 437
Taxation and social security 29,822 16,686
Other creditors 19,551 7,045
49,373 24,168

7. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
1 Ordinary £1.00 1 1

8. RELATED PARTY DISCLOSURES

As at the balance sheet date, the company was owed £142,923 (2023 - £42,923) from related parties which is included in amounts owed by group undertakings.

SELMAR PROPERTIES (HALIFAX) LTD (REGISTERED NUMBER: 05588171)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 30th April 2024


9. ULTIMATE CONTROLLING PARTY

The company's ultimate parent company is Levonoh Limited, a company registered in Gibraltar.