Silverfin false false 31/12/2023 01/01/2023 31/12/2023 Jack Tranter 09/11/2023 Roderick Owen Tranter Ross Tranter 09/11/2023 26 September 2024 The principal activity of the company in the year under review was that of the redevelopment of property for future sale and the rental of Deanston House. 01642295 2023-12-31 01642295 bus:Director1 2023-12-31 01642295 bus:Director3 2023-12-31 01642295 2022-12-31 01642295 core:CurrentFinancialInstruments 2023-12-31 01642295 core:CurrentFinancialInstruments 2022-12-31 01642295 core:ShareCapital 2023-12-31 01642295 core:ShareCapital 2022-12-31 01642295 core:RetainedEarningsAccumulatedLosses 2023-12-31 01642295 core:RetainedEarningsAccumulatedLosses 2022-12-31 01642295 bus:OrdinaryShareClass1 2023-12-31 01642295 2023-01-01 2023-12-31 01642295 bus:FilletedAccounts 2023-01-01 2023-12-31 01642295 bus:SmallEntities 2023-01-01 2023-12-31 01642295 bus:AuditExemptWithAccountantsReport 2023-01-01 2023-12-31 01642295 bus:PrivateLimitedCompanyLtd 2023-01-01 2023-12-31 01642295 bus:Director1 2023-01-01 2023-12-31 01642295 bus:Director2 2023-01-01 2023-12-31 01642295 bus:Director3 2023-01-01 2023-12-31 01642295 2022-01-01 2022-12-31 01642295 bus:OrdinaryShareClass1 2023-01-01 2023-12-31 01642295 bus:OrdinaryShareClass1 2022-01-01 2022-12-31 iso4217:GBP xbrli:pure xbrli:shares

Company No: 01642295 (England and Wales)

HALCYON COUNTRY PROPERTIES LIMITED

Unaudited Financial Statements
For the financial year ended 31 December 2023
Pages for filing with the registrar

HALCYON COUNTRY PROPERTIES LIMITED

Unaudited Financial Statements

For the financial year ended 31 December 2023

Contents

HALCYON COUNTRY PROPERTIES LIMITED

COMPANY INFORMATION

For the financial year ended 31 December 2023
HALCYON COUNTRY PROPERTIES LIMITED

COMPANY INFORMATION (continued)

For the financial year ended 31 December 2023
DIRECTORS Jack Tranter (Appointed 09 November 2023)
Roderick Owen Tranter
Ross Tranter (Appointed 09 November 2023)
SECRETARY Helen Tranter
REGISTERED OFFICE Halcyon House Valley Lane
Bitteswell
Lutterworth
LE17 4SA
United Kingdom
COMPANY NUMBER 01642295 (England and Wales)
ACCOUNTANT Shaw Gibbs Limited
Eagle House
28 Billing Road
Northampton
NN1 5AJ
SOLICITORS Shoosmiths
5-7 The Lakes
Northampton
NN4 7SH
HALCYON COUNTRY PROPERTIES LIMITED

BALANCE SHEET

As at 31 December 2023
HALCYON COUNTRY PROPERTIES LIMITED

BALANCE SHEET (continued)

As at 31 December 2023
Note 2023 2022
£ £
Fixed assets
Investment property 4 604,410 604,410
604,410 604,410
Current assets
Stocks 5 269,026 268,626
Debtors 6 266 0
Cash at bank and in hand 7 22,156 19,301
291,448 287,927
Creditors: amounts falling due within one year 8 ( 1,679,834) ( 1,681,265)
Net current liabilities (1,388,386) (1,393,338)
Total assets less current liabilities (783,976) (788,928)
Net liabilities ( 783,976) ( 788,928)
Capital and reserves
Called-up share capital 9 100 100
Profit and loss account ( 784,076 ) ( 789,028 )
Total shareholders' deficit ( 783,976) ( 788,928)

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.

Directors' responsibilities:

The financial statements of Halcyon Country Properties Limited (registered number: 01642295) were approved and authorised for issue by the Board of Directors on 26 September 2024. They were signed on its behalf by:

Roderick Owen Tranter
Director
HALCYON COUNTRY PROPERTIES LIMITED

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 31 December 2023
HALCYON COUNTRY PROPERTIES LIMITED

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 31 December 2023
1. Accounting policies

The principal accounting policies are summarised below. They have all been applied consistently throughout the financial year and to the preceding financial year, unless otherwise stated.

General information and basis of accounting

Halcyon Country Properties Limited (the Company) is a private company, limited by shares, incorporated in the United Kingdom under the Companies Act 2006 and is registered in England and Wales. The address of the Company's registered office is Halcyon House Valley Lane, Bitteswell, Lutterworth, LE17 4SA, United Kingdom.

The financial statements have been prepared under the historical cost convention, modified to include the revaluation of freehold properties and to include investment properties and certain items at fair value, and in accordance with Section 1A of Financial Reporting Standard 102 (FRS 102) ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland’ issued by the Financial Reporting Council and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.

The financial statements are presented in pounds sterling which is the functional currency of the Company and rounded to the nearest £.

Going concern

The directors have assessed the Balance Sheet and likely future cash flows at the date of approving these financial statements. The directors have a reasonable expectation that the Company has adequate resources to continue in operational existence and to meet its financial obligations as they fall due for at least 12 months from the date of signing these financial statements. Accordingly, they continue to adopt the going concern basis in preparing the financial statements.

The company is supported financially by its parent, Pennard Commercial Services Limited. This support is seen as a long term investment and the director therefore considers that the company's accounts should be drawn up on the going concern basis, notwithstanding the deficit position shown on the balance sheet.

Taxation

Current tax
Current tax is provided at amounts expected to be paid (or recoverable) using the tax rates and laws that have been enacted or substantively enacted at the Balance Sheet date.

Deferred tax
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the Company's financial statements. Deferred tax is provided in full on timing differences which result in an obligation to pay more or less tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws. Deferred tax assets and liabilities are not discounted.

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.

Impairment of assets

Assets, other than those measured at fair value, are assessed for indicators of impairment at each Balance Sheet date. If there is objective evidence of impairment, an impairment loss is recognised in the Profit and Loss Account as described below.

Investment property

Investment property is initially recognised at cost, which includes the purchase cost and any directly attributable expenditure. Subsequently it is measured at fair value at each reporting date with changes in fair value recognised in profit or loss. Deferred taxation is provided on these gains at the rate expected to apply when the property is sold.

Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to sell, which is equivalent to the net realisable value. Cost includes materials, direct labour and an attributable proportion of manufacturing overheads based on normal levels of activity. Cost is calculated using the FIFO (first-in, first-out) method. Provision is made for obsolete, slow-moving or defective items where appropriate.

At each reporting date, an assessment is made for impairment. Any excess of the carrying amount of stocks over its estimated selling price less costs to complete and sell is recognised as an impairment loss in profit or loss. Reversals of impairment losses are also recognised in profit or loss.

Financial instruments

Cash and cash equivalents in the balance sheet comprise cash at banks and in hand and short term deposits with an original maturity date of three months or less.

Debtors and creditors with no stated interest rate and receivable or payable within one year are recorded at transaction price. Any losses arising from impairment are recognised in the statement of comprehensive income under administrative expenses.

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the entity after deducting all of its financial liabilities.

Where the contractual obligations of financial instruments (including share capital) are equivalent to a similar debt instrument, those financial instruments are classed as financial liabilities. Financial liabilities are presented as such in the balance sheet. Finance costs and gains or losses relating to financial liabilities are included in the profit and loss account. Finance costs are calculated so as to produce a constant rate of return on the outstanding liability.

Where the contractual terms of share capital do not have any terms meeting the definition of a financial liability then this is classed as an equity instrument. Dividends and distributions relating to equity instruments are debited direct to equity.

2. Critical accounting judgements and key sources of estimation uncertainty

The preparation of financial statements requires the use of certain critical accounting estimates. It also requires management to exercise its judgement in the process of applying the company accounting policies. The areas involving a higher degree of judgement or complexity, or areas where assumptions and estimates are significant to the financial statements are disclosed within the individual accounting policies above.

3. Employees

2023 2022
Number Number
Monthly average number of persons employed by the Company during the year, including directors 1 1

4. Investment property

Investment property
£
Valuation
As at 01 January 2023 604,410
As at 31 December 2023 604,410

The investment property was valued at open market value as of 31 December 2023 by RO Tranter the director.

5. Stocks

2023 2022
£ £
Work in progress 269,026 268,626

6. Debtors

2023 2022
£ £
Prepayments 266 0

7. Cash and cash equivalents

2023 2022
£ £
Cash at bank and in hand 22,156 19,301

8. Creditors: amounts falling due within one year

2023 2022
£ £
Trade creditors 265 0
Amounts owed to Group undertakings 1,656,267 1,656,962
Amounts owed to directors 22,088 22,088
Accruals 2,120 2,215
Other taxation and social security ( 906) 0
1,679,834 1,681,265

9. Called-up share capital

2023 2022
£ £
Allotted, called-up and fully-paid
100 Ordinary shares of £ 1.00 each 100 100