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REGISTERED NUMBER: 08809984 (England and Wales)















HALL & MALONE PROPERTY LTD

Unaudited Financial Statements for the Year Ended 31 May 2024






HALL & MALONE PROPERTY LTD (REGISTERED NUMBER: 08809984)






Contents of the Financial Statements
for the year ended 31 May 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3 to 4


HALL & MALONE PROPERTY LTD

Company Information
for the year ended 31 May 2024







Directors: A W Hall
T J O'Brien-Malone





Registered office: 2 Conference Grove
Crowle
Worcestershire
WR7 4SF





Registered number: 08809984 (England and Wales)





Accountants: Cooper Parry Advisory Limited
CUBO Birmingham
3rd Floor
Two Chamberlain Square
Birmingham
West Midlands
B3 3AX

HALL & MALONE PROPERTY LTD (REGISTERED NUMBER: 08809984)

Balance Sheet
31 May 2024

2024 2023
Notes £    £    £    £   
Fixed assets
Tangible assets 4 640,000 640,000

Current assets
Debtors 5 908 2,475
Cash at bank 61,731 64,600
62,639 67,075
Creditors
Amounts falling due within one year 6 485,187 509,161
Net current liabilities (422,548 ) (442,086 )
Total assets less current liabilities 217,452 197,914

Capital and reserves
Called up share capital 400 400
Retained earnings 217,052 197,514
Shareholders' funds 217,452 197,914

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

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

The directors acknowledge their 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.

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 Board of Directors and authorised for issue on 12 July 2024 and were signed on its behalf by:




A W Hall - Director



T J O'Brien-Malone - Director


HALL & MALONE PROPERTY LTD (REGISTERED NUMBER: 08809984)

Notes to the Financial Statements
for the year ended 31 May 2024

1. Statutory information

Hall & Malone Property 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.

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 as modified by the revaluation of certain assets.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

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 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.

Going concern
The financial statements have been prepared on a going concern basis and no material uncertainties exist that impact on the company's ability to trade.

3. Employees and directors

The average number of employees during the year was 2 (2023 - 2 ) .

4. Tangible fixed assets
Freehold
property
£   
Cost or valuation
At 1 June 2023
and 31 May 2024 640,000
Net book value
At 31 May 2024 640,000
At 31 May 2023 640,000

HALL & MALONE PROPERTY LTD (REGISTERED NUMBER: 08809984)

Notes to the Financial Statements - continued
for the year ended 31 May 2024

4. Tangible fixed assets - continued

Cost or valuation at 31 May 2024 is represented by:

Freehold
property
£   
Valuation in 2023 640,000

5. Debtors: amounts falling due within one year
2024 2023
£    £   
Prepayments 908 2,475

6. Creditors: amounts falling due within one year
2024 2023
£    £   
Bank loans and overdrafts (see note 7) 456,960 456,960
Tax 4,583 6,056
Other creditors 3,719 3,719
Directors' current accounts 18,926 41,426
Accrued expenses 999 1,000
485,187 509,161

7. Loans

An analysis of the maturity of loans is given below:

2024 2023
£    £   
Amounts falling due within one year or on demand:
Bank loans 456,960 456,960

8. Secured debts

The following secured debts are included within creditors:

2024 2023
£    £   
Bank loans 456,960 456,960

Natwest and Onesavings Bank plc have first charge over the properties included within fixed assets.