Caseware UK (AP4) 2023.0.135 2023.0.135 2024-01-312024-01-312023-02-01falseNo description of principal activity11falsetrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.false 04354853 2023-02-01 2024-01-31 04354853 2022-02-01 2023-01-31 04354853 2024-01-31 04354853 2023-01-31 04354853 c:Director1 2023-02-01 2024-01-31 04354853 d:FreeholdInvestmentProperty 2024-01-31 04354853 d:FreeholdInvestmentProperty 2023-01-31 04354853 d:CurrentFinancialInstruments 2024-01-31 04354853 d:CurrentFinancialInstruments 2023-01-31 04354853 d:Non-currentFinancialInstruments 2024-01-31 04354853 d:Non-currentFinancialInstruments 2023-01-31 04354853 d:CurrentFinancialInstruments d:WithinOneYear 2024-01-31 04354853 d:CurrentFinancialInstruments d:WithinOneYear 2023-01-31 04354853 d:Non-currentFinancialInstruments d:AfterOneYear 2024-01-31 04354853 d:Non-currentFinancialInstruments d:AfterOneYear 2023-01-31 04354853 d:Non-currentFinancialInstruments d:BetweenOneTwoYears 2024-01-31 04354853 d:Non-currentFinancialInstruments d:BetweenOneTwoYears 2023-01-31 04354853 d:Non-currentFinancialInstruments d:BetweenTwoFiveYears 2024-01-31 04354853 d:Non-currentFinancialInstruments d:BetweenTwoFiveYears 2023-01-31 04354853 d:ShareCapital 2024-01-31 04354853 d:ShareCapital 2023-01-31 04354853 d:InvestmentPropertiesRevaluationReserve 2024-01-31 04354853 d:InvestmentPropertiesRevaluationReserve 2023-01-31 04354853 d:RetainedEarningsAccumulatedLosses 2024-01-31 04354853 d:RetainedEarningsAccumulatedLosses 2023-01-31 04354853 d:TaxLossesCarry-forwardsDeferredTax 2024-01-31 04354853 d:TaxLossesCarry-forwardsDeferredTax 2023-01-31 04354853 c:OrdinaryShareClass1 2023-02-01 2024-01-31 04354853 c:OrdinaryShareClass1 2024-01-31 04354853 c:OrdinaryShareClass1 2023-01-31 04354853 c:FRS102 2023-02-01 2024-01-31 04354853 c:AuditExemptWithAccountantsReport 2023-02-01 2024-01-31 04354853 c:FullAccounts 2023-02-01 2024-01-31 04354853 c:PrivateLimitedCompanyLtd 2023-02-01 2024-01-31 04354853 e:PoundSterling 2023-02-01 2024-01-31 iso4217:GBP xbrli:shares xbrli:pure

Registered number: 04354853









HALSO LIMITED







UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 31 JANUARY 2024

 
HALSO LIMITED
 
 
  
CHARTERED ACCOUNTANTS' REPORT TO THE DIRECTOR ON THE PREPARATION OF THE UNAUDITED STATUTORY FINANCIAL STATEMENTS OF HALSO LIMITED
FOR THE YEAR ENDED 31 JANUARY 2024

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of HALSO LIMITED for the year ended 31 January 2024 which comprise  the Balance Sheet and the related notes from the Company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW)we are subject to its ethical and other professional requirements which are detailed at https://www.icaew.com /regulation.

This report is made solely to the director of HALSO LIMITED in accordance with the terms of our engagement letter dated 7th May 2020Our work has been undertaken solely to prepare for your approval the financial statements of HALSO LIMITED  and state those matters that we have agreed to state to the director of HALSO LIMITED in this report in accordance with ICAEW Technical Release TECH07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than HALSO LIMITED and its director for our work or for this report. 

It is your duty to ensure that HALSO LIMITED has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of HALSO LIMITED. You consider that HALSO LIMITED is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or review of the financial statements of HALSO LIMITED. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.

  



Hurkan Sayman & Co
 
Chartered Accountants
  
291 Green Lanes
Palmers Green
London
N13 4XS
22 October 2024
Page 1

 
HALSO LIMITED
REGISTERED NUMBER: 04354853

BALANCE SHEET
AS AT 31 JANUARY 2024

As restated
2024
2023
Note
£
£

Fixed assets
  

Investment property
 4 
1,110,000
1,110,000

  
1,110,000
1,110,000

Current assets
  

Debtors: amounts falling due within one year
 5 
-
2,471

Cash at bank and in hand
 6 
25,374
16,612

  
25,374
19,083

Creditors: amounts falling due within one year
 7 
(420,631)
(398,379)

Net current liabilities
  
 
 
(395,257)
 
 
(379,296)

Total assets less current liabilities
  
714,743
730,704

Creditors: amounts falling due after more than one year
 8 
-
(78,017)

Provisions for liabilities
  

Deferred tax
 10 
(75,990)
(57,752)

  
 
 
(75,990)
 
 
(57,752)

Net assets
  
638,753
594,935


Capital and reserves
  

Called up share capital 
 11 
1,000
1,000

Investment property reserve
  
400,322
418,559

Profit and loss account
  
237,431
175,376

  
638,753
594,935


The director considers 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 director acknowledges his 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.
Page 2

 
HALSO LIMITED
REGISTERED NUMBER: 04354853
    
BALANCE SHEET (CONTINUED)
AS AT 31 JANUARY 2024


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 by: 




Erdal Nalbant
Director

Date: 22 October 2024

The notes on pages 4 to 9 form part of these financial statements.

Page 3

 
HALSO LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2024

1.


General information

HALSO LIMITED is a private company limited by share capital, incorporated in England and Wales, registration number 04354853. The address of the registered office is 291 Green Lanes, Palmers Green, London, N13 4XS.

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

Turnover

Rental income from investment properties is recognised on a straight-line basis over the term of the lease. The revenue recognition commences when the tenant take possession or controls the physical use of the lease space.

 
2.3

Finance costs

Finance costs are charged to profit or loss over the term of the debt using the effective interest method so that the amount charged is at a constant rate on the carrying amount. Issue costs are initially recognised as a reduction in the proceeds of the associated capital instrument.

 
2.4

Borrowing costs

All borrowing costs are recognised in profit or loss in the year in which they are incurred.

Page 4

 
HALSO LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2024

2.Accounting policies (continued)

 
2.5

Current and deferred taxation

The tax expense for the year comprises current and deferred tax. 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.

Deferred tax balances are recognised in respect of all timing differences that have originated but not reversed by the balance sheet date, except that:
The recognition of deferred tax assets is limited to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits; and
Any deferred tax balances are reversed if and when all conditions for retaining associated tax allowances have been met.

Deferred tax balances are not recognised in respect of permanent differences except in respect of business combinations, when deferred tax is recognised on the differences between the fair values of assets acquired and the future tax deductions available for them and the differences between the fair values of liabilities acquired and the amount that will be assessed for tax. Deferred tax is determined using tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

 
2.6

Investment property

Investment property is carried at fair value determined annually by the 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.

 
2.7

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.

 
2.8

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.

 
2.9

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.

Page 5

 
HALSO LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2024

2.Accounting policies (continued)

 
2.10

Provisions for liabilities

Provisions are recognised when an event has taken place that gives rise to a legal or constructive obligation, a transfer of economic benefits is probable and a reliable estimate can be made.
Provisions are measured as the best estimate of the amount required to settle the obligation, taking into account the related risks and uncertainties.
 
Deferred tax liabilities are also presented within provisions but are measured in accordance with the accounting policy on taxation.
 
Increases in provisions are generally charged as an expense to profit or loss.


3.


Employees




The average monthly number of employees, including directors, during the year was 1 (2023 - 1).


4.


Investment property


Freehold investment property

£



Valuation


At 1 February 2023
1,110,000



At 31 January 2024
1,110,000

The 2024 valuations were made by the Director, on a fair value basis





5.


Debtors

2024
2023
£
£


Prepayments and accrued income
-
2,471

-
2,471


Page 6

 
HALSO LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2024

6.


Cash and cash equivalents

2024
2023
£
£

Cash at bank and in hand
25,374
16,612

25,374
16,612



7.


Creditors: Amounts falling due within one year

2024
2023
£
£

Bank loans
-
27,201

Trade creditors
1,276
1,237

Corporation tax
18,906
7,385

Other creditors
384,182
350,706

Accruals and deferred income
16,267
11,850

420,631
398,379



8.


Creditors: Amounts falling due after more than one year

2024
2023
£
£

Bank loans
-
78,017

-
78,017


Page 7

 
HALSO LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2024

9.


Loans


Analysis of the maturity of loans is given below:


2024
2023
£
£

Amounts falling due within one year

Bank loans
-
27,201

Amounts falling due 1-2 years

Bank loans
-
28,814

Amounts falling due 2-5 years

Bank loans
-
49,204

-
105,219


Page 8

 
HALSO LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2024

10.


Deferred taxation




2024


£






At beginning of year
(57,752)


Charged to profit or loss
(18,238)



At end of year
(75,990)

The provision for deferred taxation is made up as follows:

2024
2023
£
£


Fair value movement on investment properties
(75,990)
(57,752)

(75,990)
(57,752)


11.


Share capital

2024
2023
£
£
Allotted, called up and fully paid



1,000 (2023 - 1,000) Ordinary shares of £1.00 each
1,000
1,000



12.


Related party transactions

Included within Other Creditors due in less then one year is a loan amount of £377,810 (2023: £324,335) due to the Director. The loan is unsecured, free of interest and repayable on demand.

 
Page 9