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REGISTERED NUMBER: 09423214 (England and Wales)












UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 SEPTEMBER 2023

FOR

HALSBURY HOMES (EAST ANGLIA) LIMITED

HALSBURY HOMES (EAST ANGLIA) LIMITED (REGISTERED NUMBER: 09423214)

ABRIDGED BALANCE SHEET
30 September 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Investments 4 100 100

CURRENT ASSETS
Debtors 3,903,455 3,991,850
Cash at bank 7,304 39,917
3,910,759 4,031,767
CREDITORS
Amounts falling due within one year 1,682,858 1,447,149
NET CURRENT ASSETS 2,227,901 2,584,618
TOTAL ASSETS LESS CURRENT
LIABILITIES

2,228,001

2,584,718

PROVISIONS FOR LIABILITIES 67,500 126,000
NET ASSETS 2,160,501 2,458,718

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 2,160,401 2,458,618
SHAREHOLDERS' FUNDS 2,160,501 2,458,718

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

The members have not required the company to obtain an audit of its financial statements for the year ended 30 September 2023 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.

HALSBURY HOMES (EAST ANGLIA) LIMITED (REGISTERED NUMBER: 09423214)

ABRIDGED BALANCE SHEET - continued
30 September 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 September 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 by the Board of Directors and authorised for issue on 16 September 2024 and were signed on its behalf by:





P P Jeans - Director


HALSBURY HOMES (EAST ANGLIA) LIMITED (REGISTERED NUMBER: 09423214)

NOTES TO THE FINANCIAL STATEMENTS
for the Year Ended 30 September 2023

1. STATUTORY INFORMATION

Halsbury Homes (East Anglia) Limited is a private company, limited by shares, registered in England and Wales. The company's registered number is 09423214 and the registered office is Seymour House, Loddon, Norwich, NR14 6JD. The presentation currency of the financial statements is sterling.

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.

Preparation of consolidated financial statements
The financial statements contain information about Halsbury Homes (East Anglia) Limited as an individual company and do not contain consolidated financial information as the parent of a group. The company is exempt under Section 399(2A) of the Companies Act 2006 from the requirements to prepare consolidated financial statements.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Investments in subsidiaries
Investments in subsidiaries are measured at cost less impairment.

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.


HALSBURY HOMES (EAST ANGLIA) LIMITED (REGISTERED NUMBER: 09423214)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 30 September 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 NIL (2022 - NIL).

4. FIXED ASSET INVESTMENTS

Information on investments other than loans is as follows:
Totals
£   
COST
At 1 October 2022
and 30 September 2023 100
NET BOOK VALUE
At 30 September 2023 100
At 30 September 2022 100

The company's investments at the Balance sheet date in the share capital of companies include the following:

Halsbury Homes (East Anglia) SGP Limited
Registered office: Seymour House, Little Money Road, Loddon, Norwich, NR14 6JD
Nature of business: Housebuilding and associated activities
%
Class of shares: holding
Ordinary 100.00

HALSBURY HOMES (EAST ANGLIA) LIMITED (REGISTERED NUMBER: 09423214)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 30 September 2023

5. CONTINGENT LIABILITIES

The company is engaged in a site development project with a related party. Under the terms of the development agreement, the related party is required to deliver the site in a condition that satisfies certain pre-agreed criteria, which include minimum construction standards, completion deadlines, specific project features, regulatory approvals, etc.

As of the balance sheet date, management has assessed the likelihood of such payments being required and considers it possible that the company will be liable for these additional amounts. No provision has been made in the financial statements as the outcome is contingent on future events and cannot be reliably estimated at this stage. Management continues to monitor the development project and assess the criteria for satisfactory completion.

The company will update this assessment as more information becomes available.

6. RELATED PARTY DISCLOSURES

The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group.