Registered number
00604488
Halt Property Co Ltd
Filleted Accounts
31 March 2024
Halt Property Co Ltd
Registered number: 00604488
Balance Sheet
as at 31 March 2024
Notes 2024 2023
£ £
Fixed assets
Tangible assets 3 286,490 286,002
Current assets
Debtors 4 400 400
Cash at bank and in hand 200,730 197,923
201,130 198,323
Creditors: amounts falling due within one year 5 (7,444) (7,411)
Net current assets 193,686 190,912
Net assets 480,176 476,914
Capital and reserves
Called up share capital 1,700 1,700
Profit and loss account 478,476 475,214
Shareholders' funds 480,176 476,914
The director is satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The director acknowledges her responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
Mrs J E Eastgate
Director
Approved by the board on 4 November 2024
Halt Property Co Ltd
Notes to the Accounts
for the year ended 31 March 2024
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Turnover
Turnover represents rents receivable in respect of the year.
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Plant and machinery 10% Reducing Balance Basis
Debtors
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.
Creditors
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.
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
2 Employees 2024 2023
Number Number
Average number of persons employed by the company 1 1
3 Tangible fixed assets
Land and buildings Plant and machinery etc Total
£ £ £
Cost
At 1 April 2023 285,063 4,109 289,172
Additions - 646 646
At 31 March 2024 285,063 4,755 289,818
Depreciation
At 1 April 2023 - 3,170 3,170
Charge for the year - 158 158
At 31 March 2024 - 3,328 3,328
Net book value
At 31 March 2024 285,063 1,427 286,490
At 31 March 2023 285,063 939 286,002
4 Debtors 2024 2023
£ £
Trade debtors 400 400
5 Creditors: amounts falling due within one year 2024 2023
£ £
Corporation tax 1,368 2,306
Other creditors 6,076 5,105
7,444 7,411
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