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REGISTERED NUMBER: 09987154 (England and Wales)










Unaudited Financial Statements

for the Year Ended 31 March 2024

for

Halliwell Property Investments Limited

Halliwell Property Investments Limited (Registered number: 09987154)






Contents of the Financial Statements
for the Year Ended 31 March 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Halliwell Property Investments Limited

Company Information
for the Year Ended 31 March 2024







DIRECTOR: M D Halliwell





REGISTERED OFFICE: 1 Springfield Farm Friezland Lane
Greenfield
Oldham
OL3 7EU





REGISTERED NUMBER: 09987154 (England and Wales)





ACCOUNTANTS: Thompson Jones Business Solutions Limited
2 Heap Bridge
Bury
Lancashire
BL9 7HR

Halliwell Property Investments Limited (Registered number: 09987154)

Balance Sheet
31 March 2024

2024 2023
Notes £    £   
FIXED ASSETS
Tangible assets 5 2,552,000 2,160,139

CURRENT ASSETS
Debtors 6 73,361 69,067
Cash at bank 148,590 95,190
221,951 164,257
CREDITORS
Amounts falling due within one year 7 (276,182 ) (242,333 )
NET CURRENT LIABILITIES (54,231 ) (78,076 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

2,497,769

2,082,063

CREDITORS
Amounts falling due after more than one
year

8

(2,281,178

)

(2,333,930

)
NET ASSETS/(LIABILITIES) 216,591 (251,867 )

CAPITAL AND RESERVES
Called up share capital 9 100 100
Fair value reserve 10 21,779 (370,221 )
Retained earnings 10 194,712 118,254
SHAREHOLDERS' FUNDS 216,591 (251,867 )

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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.

Halliwell Property Investments Limited (Registered number: 09987154)

Balance Sheet - continued
31 March 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 director and authorised for issue on 13 August 2024 and were signed by:





M D Halliwell - Director


Halliwell Property Investments Limited (Registered number: 09987154)

Notes to the Financial Statements
for the Year Ended 31 March 2024

1. STATUTORY INFORMATION

Halliwell Property Investments 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.

2. STATEMENT OF COMPLIANCE

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.

3. ACCOUNTING POLICIES

BASIS OF PREPARING THE FINANCIAL STATEMENTS
The financial statements have been prepared under the historical cost convention as modified by the revaluation of certain assets.

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.
Plant and machinery - 25% on cost

TAXATION
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Comprehensive Income, 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.

4. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2023 - 1 ) .

Halliwell Property Investments Limited (Registered number: 09987154)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2024

5. TANGIBLE FIXED ASSETS

Freehold propertyPlant and machineryTotal
£££
COST OR VALUATION
At 1 April 20232,160,0005542,160,554
Additions--
Revaluations 392,000 392,000
At 31 March 2024 2,552,000 554 2,552,554
DEPRECIATION
At 1 April 2023-415415
Charge for year-140140
At 31 March 2024-554554
NET BOOK VALUE
At 31 March 2024 2,552,000 - 2,552,000
At 31 March 20232,160,0001392,160,139


6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Other debtors 50,300 50,000
Tax 274 274
Prepayments and accrued income 22,787 18,793
73,361 69,067

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Mortgage less than 1 year 24,401 27,965
Other loan less than 1 year 5,904 5,904
Corporation tax 25,069 14,670
VAT 28,012 8,267
Directors' current accounts 146,061 138,757
Accruals & deferred income 46,735 46,770
276,182 242,333

Halliwell Property Investments Limited (Registered number: 09987154)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2024

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£    £   
Bank loans - 2-5 years 746,025 746,025
Mortgage more than 1year 541,528 548,973
Other loan more than 1 year 78,364 81,112
Directors' loan accounts 915,261 957,820
2,281,178 2,333,930

9. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
100 Ordinary share £1 100 100

10. RESERVES

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

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