2023-01-012023-12-312023-12-31false13463670HALCYON (TORQUAY) LIMITED2024-10-29iso4217:GBPxbrli:pure134636702023-01-01134636702023-12-31134636702023-01-012023-12-31134636702022-01-01134636702022-12-31134636702022-01-012022-12-3113463670bus:SmallEntities2023-01-012023-12-3113463670bus:AuditExempt-NoAccountantsReport2023-01-012023-12-3113463670bus:FullAccounts2023-01-012023-12-3113463670bus:PrivateLimitedCompanyLtd2023-01-012023-12-3113463670core:WithinOneYear2023-12-3113463670core:AfterOneYear2023-12-3113463670core:WithinOneYear2022-12-3113463670core:AfterOneYear2022-12-3113463670core:ShareCapital2023-12-3113463670core:SharePremium2023-12-3113463670core:RevaluationReserve2023-12-3113463670core:OtherReservesSubtotal2023-12-3113463670core:RetainedEarningsAccumulatedLosses2023-12-3113463670core:ShareCapital2022-12-3113463670core:SharePremium2022-12-3113463670core:RevaluationReserve2022-12-3113463670core:OtherReservesSubtotal2022-12-3113463670core:RetainedEarningsAccumulatedLosses2022-12-3113463670core:LandBuildings2023-12-3113463670core:PlantMachinery2023-12-3113463670core:Vehicles2023-12-3113463670core:FurnitureFittings2023-12-3113463670core:OfficeEquipment2023-12-3113463670core:NetGoodwill2023-12-3113463670core:IntangibleAssetsOtherThanGoodwill2023-12-3113463670core:ListedExchangeTraded2023-12-3113463670core:UnlistedNon-exchangeTraded2023-12-3113463670core:LandBuildings2022-12-3113463670core:PlantMachinery2022-12-3113463670core:Vehicles2022-12-3113463670core:FurnitureFittings2022-12-3113463670core:OfficeEquipment2022-12-3113463670core:NetGoodwill2022-12-3113463670core:IntangibleAssetsOtherThanGoodwill2022-12-3113463670core:ListedExchangeTraded2022-12-3113463670core:UnlistedNon-exchangeTraded2022-12-3113463670core:LandBuildings2023-01-012023-12-3113463670core:PlantMachinery2023-01-012023-12-3113463670core:Vehicles2023-01-012023-12-3113463670core:FurnitureFittings2023-01-012023-12-3113463670core:OfficeEquipment2023-01-012023-12-3113463670core:NetGoodwill2023-01-012023-12-3113463670core:IntangibleAssetsOtherThanGoodwill2023-01-012023-12-3113463670core:ListedExchangeTraded2023-01-012023-12-3113463670core:UnlistedNon-exchangeTraded2023-01-012023-12-3113463670core:MoreThanFiveYears2023-01-012023-12-3113463670core:Non-currentFinancialInstruments2023-12-3113463670core:Non-currentFinancialInstruments2022-12-3113463670dpl:CostSales2023-01-012023-12-3113463670dpl:DistributionCosts2023-01-012023-12-3113463670core:LandBuildings2023-01-012023-12-3113463670core:PlantMachinery2023-01-012023-12-3113463670core:Vehicles2023-01-012023-12-3113463670core:FurnitureFittings2023-01-012023-12-3113463670core:OfficeEquipment2023-01-012023-12-3113463670dpl:AdministrativeExpenses2023-01-012023-12-3113463670core:NetGoodwill2023-01-012023-12-3113463670core:IntangibleAssetsOtherThanGoodwill2023-01-012023-12-3113463670dpl:GroupUndertakings2023-01-012023-12-3113463670dpl:ParticipatingInterests2023-01-012023-12-3113463670dpl:GroupUndertakingscore:ListedExchangeTraded2023-01-012023-12-3113463670core:ListedExchangeTraded2023-01-012023-12-3113463670dpl:GroupUndertakingscore:UnlistedNon-exchangeTraded2023-01-012023-12-3113463670core:UnlistedNon-exchangeTraded2023-01-012023-12-3113463670dpl:CostSales2022-01-012022-12-3113463670dpl:DistributionCosts2022-01-012022-12-3113463670core:LandBuildings2022-01-012022-12-3113463670core:PlantMachinery2022-01-012022-12-3113463670core:Vehicles2022-01-012022-12-3113463670core:FurnitureFittings2022-01-012022-12-3113463670core:OfficeEquipment2022-01-012022-12-3113463670dpl:AdministrativeExpenses2022-01-012022-12-3113463670core:NetGoodwill2022-01-012022-12-3113463670core:IntangibleAssetsOtherThanGoodwill2022-01-012022-12-3113463670dpl:GroupUndertakings2022-01-012022-12-3113463670dpl:ParticipatingInterests2022-01-012022-12-3113463670dpl:GroupUndertakingscore:ListedExchangeTraded2022-01-012022-12-3113463670core:ListedExchangeTraded2022-01-012022-12-3113463670dpl:GroupUndertakingscore:UnlistedNon-exchangeTraded2022-01-012022-12-3113463670core:UnlistedNon-exchangeTraded2022-01-012022-12-3113463670core:NetGoodwill2023-12-3113463670core:IntangibleAssetsOtherThanGoodwill2023-12-3113463670core:LandBuildings2023-12-3113463670core:PlantMachinery2023-12-3113463670core:Vehicles2023-12-3113463670core:FurnitureFittings2023-12-3113463670core:OfficeEquipment2023-12-3113463670core:AfterOneYear2023-12-3113463670core:WithinOneYear2023-12-3113463670core:ListedExchangeTraded2023-12-3113463670core:UnlistedNon-exchangeTraded2023-12-3113463670core:ShareCapital2023-12-3113463670core:SharePremium2023-12-3113463670core:RevaluationReserve2023-12-3113463670core:OtherReservesSubtotal2023-12-3113463670core:RetainedEarningsAccumulatedLosses2023-12-3113463670core:NetGoodwill2022-12-3113463670core:IntangibleAssetsOtherThanGoodwill2022-12-3113463670core:LandBuildings2022-12-3113463670core:PlantMachinery2022-12-3113463670core:Vehicles2022-12-3113463670core:FurnitureFittings2022-12-3113463670core:OfficeEquipment2022-12-3113463670core:AfterOneYear2022-12-3113463670core:WithinOneYear2022-12-3113463670core:ListedExch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HALCYON (TORQUAY) LIMITED

Registered Number
13463670
(England and Wales)

Unaudited Financial Statements for the Year ended
31 December 2023

HALCYON (TORQUAY) LIMITED
Company Information
for the year from 1 January 2023 to 31 December 2023

Directors

GRAY, James Richard
HILLEN, Kenneth James Gribben
PATEL, Nilesh Suresh

Registered Address

128 City Road
London
EC1V 2NX

Registered Number

13463670 (England and Wales)
HALCYON (TORQUAY) LIMITED
Balance Sheet as at
31 December 2023

Notes

2023

2022

£

£

£

£

Fixed assets
Investment property32,083,4632,063,493
2,083,4632,063,493
Current assets
Debtors456,3473,493
Cash at bank and on hand-6,128
56,3479,621
Creditors amounts falling due within one year5(2,233,517)(2,083,002)
Net current assets (liabilities)(2,177,170)(2,073,381)
Total assets less current liabilities(93,707)(9,888)
Net assets(93,707)(9,888)
Capital and reserves
Called up share capital11
Profit and loss account(93,708)(9,889)
Shareholders' funds(93,707)(9,888)
The financial statements were approved and authorised for issue by the Board of Directors on 29 October 2024, and are signed on its behalf by:
GRAY, James Richard
Director
HILLEN, Kenneth James Gribben
Director

Registered Company No. 13463670
HALCYON (TORQUAY) LIMITED
Notes to the Financial Statements
for the year ended 31 December 2023

1.Accounting policies
Statutory information
The company is a private company limited by shares and registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.
Statement of compliance
The financial statements have been prepared in accordance with the Companies Act 2006 and FRS 102 The Financial Reporting Standard applicable in the UK and Republic of Ireland including Section 1A Small Entities.
Revenue from sale of goods
Revenue from the sale of goods is recognised when the company has transferred to the buyer the significant risks and rewards of ownership of the goods, usually when goods are delivered and legal title has passed. Providing the amount of revenue can be measured reliably, it is probable that the economic benefits associated with the transaction will flow to the company and the costs incurred or to be incurred in respect of the transition can be measured reliably.
Foreign currency translation
Transactions in foreign currencies are initially recognised at the rate of exchange ruling at the date of the transaction. At the end of each reporting period foreign currency monetary items are translated at the closing rate of exchange. Non-monetary items that are measured at historical cost are translated at the rate ruling at the date of the transaction. All differences are charged to profit or loss.
Investment property
The investment property is accounted for under FRS 102, Section 16 Investment Property. Investment property is remeasured to fair value at each balance sheet date with fair value gains and losses being reported in profit or loss. Investment properties are valued using RICS open market valuation on a freehold basis.
Stocks and work in progress
Stock is valued at the lower of cost and estimated selling price less costs to complete and sell. The cost methodology employed by the entity is the first-in first-out method. Estimated selling price less costs to complete and sell are derived from the selling price which the goods would fetch in an open market transaction with established customers less the costs expected to be incurred to enable the sale to complete. Provision is made for slow-moving and obsolete items of stock. Such provisions are recognised in profit or loss. Work in progress is valued using the percentage of completion method and values are calculated using the lower of cost and estimated selling price less costs to complete and sell. When stocks are sold, the carrying amount of those stocks is recognised as an expense within cost of sales. This takes place in the same period that the associated revenue is recognised.
2.Average number of employees

20232022
Average number of employees during the year02
3.Investment property

£
Fair value at 01 January 232,063,493
Additions19,970
At 31 December 232,083,463
4.Debtors: amounts due within one year

2023

2022

££
Other debtors54,5971,743
Prepayments and accrued income1,7501,750
Total56,3473,493
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
5.Creditors: amounts due within one year

2023

2022

££
Trade creditors / trade payables2,1002,100
Bank borrowings and overdrafts44,912-
Other creditors2,174,4532,070,352
Accrued liabilities and deferred income12,05210,550
Total2,233,5172,083,002
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.