Caseware UK (AP4) 2023.0.135 2023.0.135 2024-03-312024-03-31false2023-04-01and members have not required the Company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006Ownership and management of commercial units on an industrial estate.22truetruefalse 09292926 2023-04-01 2024-03-31 09292926 2022-04-01 2023-03-31 09292926 2024-03-31 09292926 2023-03-31 09292926 c:Director1 2023-04-01 2024-03-31 09292926 c:Director2 2023-04-01 2024-03-31 09292926 d:FreeholdInvestmentProperty 2024-03-31 09292926 d:FreeholdInvestmentProperty 2023-03-31 09292926 d:CurrentFinancialInstruments 2024-03-31 09292926 d:CurrentFinancialInstruments 2023-03-31 09292926 d:CurrentFinancialInstruments d:WithinOneYear 2024-03-31 09292926 d:CurrentFinancialInstruments d:WithinOneYear 2023-03-31 09292926 d:ShareCapital 2024-03-31 09292926 d:ShareCapital 2023-03-31 09292926 d:RetainedEarningsAccumulatedLosses 2024-03-31 09292926 d:RetainedEarningsAccumulatedLosses 2023-03-31 09292926 c:FRS102 2023-04-01 2024-03-31 09292926 c:AuditExempt-NoAccountantsReport 2023-04-01 2024-03-31 09292926 c:FullAccounts 2023-04-01 2024-03-31 09292926 c:PrivateLimitedCompanyLtd 2023-04-01 2024-03-31 09292926 e:PoundSterling 2023-04-01 2024-03-31 iso4217:GBP xbrli:pure

Registered number: 09292926









HALLEN INDUSTRIAL ESTATE LIMITED







UNAUDITED

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2024

 
HALLEN INDUSTRIAL ESTATE LIMITED
 

CONTENTS



Page
Balance Sheet
 
 
1 - 2
Notes to the Financial Statements
 
 
3 - 5


 
HALLEN INDUSTRIAL ESTATE LIMITED
REGISTERED NUMBER: 09292926

BALANCE SHEET
AS AT 31 MARCH 2024

2024
2023
Note
£
£

Fixed assets
  

Investment property
 4 
1,190,000
1,190,000

  
1,190,000
1,190,000

Current assets
  

Debtors: amounts falling due within one year
 5 
75,937
71,765

Cash at bank and in hand
  
808
7,331

  
76,745
79,096

Creditors: amounts falling due within one year
 6 
(838,244)
(832,891)

Net current liabilities
  
 
 
(761,499)
 
 
(753,795)

Total assets less current liabilities
  
428,501
436,205

  

Net assets
  
428,501
436,205


Capital and reserves
  

Called up share capital 
  
1
1

Profit and loss account
  
428,500
436,204

  
428,501
436,205


Page 1

 
HALLEN INDUSTRIAL ESTATE LIMITED
REGISTERED NUMBER: 09292926
    
BALANCE SHEET (CONTINUED)
AS AT 31 MARCH 2024

The directors consider that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and in accordance with the provisions of FRS 102 Section 1A - small entities.

The financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The Company has opted not to file the statement of comprehensive income in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf on 8 October 2024.




J D Romain
M J Romain
Director
Director

The notes on pages 3 to 5 form part of these financial statements.

Page 2

 
HALLEN INDUSTRIAL ESTATE LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

1.


General information

Hallen Industrial Estate Limited is a private company, limited by shares, incorporated in England and Wales.  The address of the registered office is 50 Clifton Down Road, Clifton, Bristol, BS8 4AH.

2.Accounting policies

 
2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with FRS 102 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland' and the requirements of the Companies Act 2006. The disclosure requirements of Section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The following principal accounting policies have been applied:

 
2.2

Going concern

The company has net current liabilities of £761,499 (2023 - £753,795 and is supported by a loan from its parent entity. The parent entity has indicated that it will continue to support the company for the foreseeable future.
 
On the basis of the above, the financial statements are prepared on a going concern basis.

 
2.3

Revenue

Turnover represents rent receivable during the year. Rental income is generated net of VAT on an accruals basis in accordance with relevant rental agreements.

 
2.4

Taxation

Tax is recognised in profit or loss except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the balance sheet date in the countries where the Company operates and generates income.

 
2.5

Investment property

Investment property is carried at fair value determined by a director and derived from the current market rents and investment property yields for comparable real estate, adjusted if necessary for any difference in the nature, location or condition of the specific asset. No depreciation is provided. Changes in fair value are recognised in profit or loss.

 
2.6

Debtors

Short-term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

Page 3

 
HALLEN INDUSTRIAL ESTATE LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

2.Accounting policies (continued)

 
2.7

Cash and cash equivalents

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.

 
2.8

Creditors

Short-term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.


3.


Employees

The average monthly number of employees, including directors, during the year was 2 (2023 - 2).


4.


Investment property


Freehold investment property

£



Valuation


At 1 April 2023
1,190,000



At 31 March 2024
1,190,000

The 2024 valuations were made by the directors, on an open market value for existing use basis.





If the Investment properties had been accounted for under the historic cost accounting rules, the properties would have been measured as follows:

2024
2023
£
£


Historic cost
1,250,000
1,250,000

Accumulated depreciation and impairments
(60,000)
(60,000)

1,190,000
1,190,000

Page 4

 
HALLEN INDUSTRIAL ESTATE LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

5.


Debtors

2024
2023
£
£


Trade debtors
55,554
49,756

Other debtors
19,705
17,000

Prepayments and accrued income
678
5,009

75,937
71,765



6.


Creditors: Amounts falling due within one year

2024
2023
£
£

Trade creditors
2,086
660

Amounts owed to group undertakings
770,845
694,099

Corporation tax
20,510
90,850

Other taxation and social security
-
3,115

Other creditors
310
7,048

Accruals and deferred income
44,493
37,119

838,244
832,891


The Company is party to an unlimited cross-guarantee with its parent company, Brymain Investments Limited in favour of National Westminster Bank.

 
Page 5