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REGISTERED NUMBER: 09449307 (England and Wales)















Upper Halling Ltd

Unaudited Financial Statements for the Year Ended 31 March 2024






Upper Halling Ltd (Registered number: 09449307)






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




Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 4


Upper Halling Ltd

Company Information
for the Year Ended 31 March 2024







DIRECTOR: Mrs D K Basi





REGISTERED OFFICE: Clijon Farm
White Hill Road
Meopham
Kent
DA13 0NY





REGISTERED NUMBER: 09449307 (England and Wales)





ACCOUNTANTS: Aggarwal & Co Limited
Chartered Accountants
5 London Road
Rainham
Gillingham
Kent
ME8 7RG

Upper Halling Ltd (Registered number: 09449307)

Statement of Financial Position
31 March 2024

2024 2023
Notes £    £   
CURRENT ASSETS
Inventories 1,051,670 -
Debtors 4 3,545 -
Cash at bank 2,852 12,497
1,058,067 12,497
CREDITORS
Amounts falling due within one year 5 1,069,036 4,706
NET CURRENT (LIABILITIES)/ASSETS (10,969 ) 7,791
TOTAL ASSETS LESS CURRENT LIABILITIES (10,969 ) 7,791

CREDITORS
Amounts falling due after more than one
year

6

34,599

50,626
NET LIABILITIES (45,568 ) (42,835 )

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings (45,668 ) (42,935 )
SHAREHOLDERS' FUNDS (45,568 ) (42,835 )

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 her 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.

Upper Halling Ltd (Registered number: 09449307)

Statement of Financial Position - 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 Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 1 October 2024 and were signed by:





Mrs D K Basi - Director


Upper Halling Ltd (Registered number: 09449307)

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

1. STATUTORY INFORMATION

Upper Halling Ltd 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.

The presentation currency of the financial statements is the Pound 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.

At the year end the company had net liabilities of £45,568. The company has property development project and work-in-progress to sale in future and expecting to become profitable in the future. On this basis the director considers it appropriate to prepare the financial statements on the going concern basis.

Inventories and development projects
Inventories and development projects are stated at the lower of cost and net estimated selling price less selling costs.
In respect of development projects, cost includes an appropriate proportion of attributable overheads according to the stage of completion.

Financial instruments
The Company enters into basic financial instruments that result in the recognition of financial assets and liabilities like trade and other accounts receivable and payable, loans from banks and other third parties and loans to related parties.

Basic financial instruments are recognised at amortised cost, with changes recognised in profit or loss.

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 statement of financial position date.

3. EMPLOYEES AND DIRECTORS

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

4. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Other debtors 3,545 -

Upper Halling Ltd (Registered number: 09449307)

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

5. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 10,000 -
Trade creditors 1,948 -
Amounts owed to group undertakings 1,008,588 4,406
Other creditors 48,500 300
1,069,036 4,706

6. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2024 2023
£    £   
Bank loans 34,599 50,626

7. PARENT COMPANY

The parent undertaking is Basi Developments Limited registered at 5 London Road, Gillingham, Kent, ME8 7RG United Kingdom and trades from Clijon Farm, White Hill Road, Meopham, Kent, DA13 0NY United Kingdom.

8. ULTIMATE CONTROLLING PARTY

The ultimate controlling party is Mrs D K Basi.