Acorah Software Products - Accounts Production 15.0.600 false true 31 January 2023 1 February 2022 false 1 February 2023 31 January 2024 31 January 2024 13157676 Mrs Amanda Head Mr Alastaire Head-Magrath iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 13157676 2023-01-31 13157676 2024-01-31 13157676 2023-02-01 2024-01-31 13157676 frs-core:CurrentFinancialInstruments 2024-01-31 13157676 frs-core:Non-currentFinancialInstruments 2024-01-31 13157676 frs-core:InvestmentPropertyIncludedWithinPPE 2024-01-31 13157676 frs-core:InvestmentPropertyIncludedWithinPPE 2023-01-31 13157676 frs-core:PlantMachinery 2024-01-31 13157676 frs-core:PlantMachinery 2023-02-01 2024-01-31 13157676 frs-core:PlantMachinery 2023-01-31 13157676 frs-core:ShareCapital 2024-01-31 13157676 frs-core:RetainedEarningsAccumulatedLosses 2024-01-31 13157676 frs-bus:PrivateLimitedCompanyLtd 2023-02-01 2024-01-31 13157676 frs-bus:FilletedAccounts 2023-02-01 2024-01-31 13157676 frs-bus:SmallEntities 2023-02-01 2024-01-31 13157676 frs-bus:AuditExemptWithAccountantsReport 2023-02-01 2024-01-31 13157676 frs-bus:SmallCompaniesRegimeForAccounts 2023-02-01 2024-01-31 13157676 frs-bus:Director1 2023-02-01 2024-01-31 13157676 frs-bus:Director2 2023-02-01 2024-01-31 13157676 frs-countries:EnglandWales 2023-02-01 2024-01-31 13157676 2022-01-31 13157676 2023-01-31 13157676 2022-02-01 2023-01-31 13157676 frs-core:CurrentFinancialInstruments 2023-01-31 13157676 frs-core:Non-currentFinancialInstruments 2023-01-31 13157676 frs-core:ShareCapital 2023-01-31 13157676 frs-core:RetainedEarningsAccumulatedLosses 2023-01-31
Registered number: 13157676
Halliwick Holdings Limited
Unaudited Financial Statements
For The Year Ended 31 January 2024
Quest Accounting Services Limited
Suite 110, The Pinnacle
170 Midsummer Boulevard
Milton Keynes
MK9 1FD
Unaudited Financial Statements
Contents
Page
Accountant's Report 1
Balance Sheet 2—3
Notes to the Financial Statements 4—5
Page 1
Accountant's Report
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Halliwick Holdings Limited for the year ended year which comprise the Profit and Loss Account, 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 Chartered Institute of Management Accountants, we are subject to its ethical and other professional requirements which are detailed at http://www.cimaglobal.com.
This report is made solely to the directors of Halliwick Holdings Limited in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Halliwick Holdings Limited and state those matters that we have agreed to state to the directors of Halliwick Holdings Limited in this report in accordance with the requirements of the Chartered Institute of Management Accountants as detailed at http://www.cimaglobal.com. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the company and its director for our work or for this report.
It is your duty to ensure that Halliwick Holdings 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 Halliwick Holdings Limited . You consider that Halliwick Holdings Limited is exempt from the statutory audit requirement for the year.
We have not been instructed to carry out an audit or a review of the financial statements of Halliwick Holdings 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.
Signed
31st October 2024
Quest Accounting Services Limited
Suite 110, The Pinnacle
170 Midsummer Boulevard
Milton Keynes
MK9 1FD
Page 1
Page 2
Balance Sheet
Registered number: 13157676
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 3 2,522,431 1,987,263
2,522,431 1,987,263
CURRENT ASSETS
Debtors 4 1,600 1,920
Cash at bank and in hand 30,810 6,938
32,410 8,858
Creditors: Amounts Falling Due Within One Year 5 (101 ) (770 )
NET CURRENT ASSETS (LIABILITIES) 32,309 8,088
TOTAL ASSETS LESS CURRENT LIABILITIES 2,554,740 1,995,351
Creditors: Amounts Falling Due After More Than One Year 6 (2,584,367 ) (1,999,290 )
NET LIABILITIES (29,627 ) (3,939 )
CAPITAL AND RESERVES
Called up share capital 7 100 100
Profit and Loss Account (29,727 ) (4,039 )
SHAREHOLDERS' FUNDS (29,627) (3,939)
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For the year ending 31 January 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
On behalf of the board
Mr Alastaire Head-Magrath
Director
31st October 2024
The notes on pages 4 to 5 form part of these financial statements.
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Page 4
Notes to the Financial Statements
1. Accounting Policies
1.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
1.2. Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.
Sale of goods
Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.
Rendering of services
Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.
1.3. Tangible Fixed Assets and Depreciation
Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives.
Plant & Machinery 25% Straight Line
1.4. Investment Properties
All investment properties are carried at fair value determined annually 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 for. Changes in fair value are recognised in the profit and loss account.
2. Average Number of Employees
Average number of employees, including directors, during the year was as follows: 2 (2023: 2)
2 2
3. Tangible Assets
Investment Properties Plant & Machinery Total
£ £ £
Cost
As at 1 February 2023 1,986,768 660 1,987,428
Additions 535,333 - 535,333
As at 31 January 2024 2,522,101 660 2,522,761
Depreciation
As at 1 February 2023 - 165 165
Provided during the period - 165 165
As at 31 January 2024 - 330 330
Net Book Value
As at 31 January 2024 2,522,101 330 2,522,431
As at 1 February 2023 1,986,768 495 1,987,263
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4. Debtors
2024 2023
£ £
Due within one year
Trade debtors 1,600 1,920
1,600 1,920
5. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Trade creditors 1 -
Other taxes and social security - 670
Other creditors 100 100
101 770
6. Creditors: Amounts Falling Due After More Than One Year
2024 2023
£ £
Bank loans 1,911,483 1,376,124
Other creditors 165,500 165,500
Directors loan account 507,384 457,666
2,584,367 1,999,290
7. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 100 100
8. Related Party Transactions
At the balance sheet date, the company owed its Directors £507,384 (2023: £457,666) This loan is unsecured, interest free with no fixed repayment terms.
At the balance sheet date, the company was owed £165,500 (2023: £165,500) from a company in which the directors have an interest. This loan is unsecured, interest free with no fixed repayment plan.
9. General Information
Halliwick Holdings Limited is a private company, limited by shares, incorporated in England & Wales, registered number 13157676 . The registered office is 4 Wilton Road, Muswell Hill, London, N10 1LS.
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