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Hallworth Properties Limited
Registered Number:11605391
For the year ended 31 March 2024
England and Wales
Unaudited Financial Statements
2
For the year ended 31 March 2024
Hallworth Properties Limited
Contents Page
1
Statement of Financial Position
2 to 4
Notes to the Financial Statements
3
Registered Number :
11605391
As at 31 March 2024
Hallworth Properties Limited
Statement of Financial Position
£
£
2023
2024
Notes
Fixed assets
2
-
257,800
Investment property
-
257,800
Current assets
Trade and other receivables
39,212
5,261
3
139,351
Cash and cash equivalents
97,960
103,221
178,563
Trade and other payables: amounts falling due within one
year
(204,307)
(45,772)
4
(25,744)
57,449
Net current assets
Total assets less current liabilities
57,449
232,056
Trade and other payables: amounts falling due after more
than one year
(93,007)
-
5
-
(11,242)
Provisions for liabilities
57,449
Net assets
127,807
Capital and reserves
Called up share capital
1
1
Revaluation reserve
-
59,170
6
Retained earnings
57,448
68,636
57,449
127,807
Shareholders' funds
For the year ended 31 March 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 of its financial statements for the year ended 31 March 2024 in accordance with Section 476 of the Companies Act 2006
The director acknowledges his responsibilities for:a) ensuring that the company keeps proper 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 Section
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.
In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.
The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
Mr Lee George Samuel Hallworth Director
These financial statements were approved and authorised for issue by the Board on 16 October 2024 and were signed by:
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4
Registered Number :
11605391
For the year ended 31 March 2024
Hallworth Properties Limited
Statement of Financial Position Continued
The notes form part of these financial statements
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5
For the year ended 31 March 2024
Hallworth Properties Limited
Notes to the Financial Statements
Statutory Information
Hallworth Properties Limited is a private limited company, limited by shares, domiciled in England and Wales,
registration number 11605391.
Registered address:
Flowers Green House
Flowers Green
Herstmonceux
East Sussex
BN27 1RL
The presentation currency is £ sterling.
1. Accounting policies
Basis of preparing the financial statements
These financial statements have been prepared in accordance with the provisions of Section 1A of Financial
Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the
Companies Act 2006. The financial statements have been prepared under the historical costs convention as
modified by the revaluation of certain assets.
Revenue recognition
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax or other similar sales taxes.
Investment property
Investment property includes freehold land and buildings that are let for residential purposes. The director consders the fair value of the properties to be the cost. No adjustment has been made for fair value.
Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position date.
2. Investment property
Total
£
Fair value
At 01 April 2023
257,800
Disposals
(257,800)
At 31 March 2024
-
Net book value
At 31 March 2024
-
At 31 March 2023
257,800
The historical cost of properties at 31 March 2024 £0, (2023 £198,630). The revaluation in 2023 of £59,170 was based on the sales price of the properties in the year ended 31 March 2024.
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6
For the year ended 31 March 2024
Hallworth Properties Limited
Notes to the Financial Statements Continued
3. Trade and other receivables
2023
2024
£
£
Other debtors
5,261
39,212
4. Trade and other payables: amounts falling due within one year
2023
2024
£
£
Bank loans and overdraft (secured)
-
128,981
Trade creditors
859
-
Taxation and social security
-
15,326
Other creditors
44,913
60,000
45,772
204,307
5. Trade and other payables: amounts falling due after more than one year
2023
2024
£
£
Other creditors
-
93,007
Analysis of creditors falling due after more than five years:
Payable otherwise than by instalments
-
93,007
6. Reserves
Total
£
Revaluation reserve at 01 April 2023
59,170
Revaluation of fixed assets
(59,170)
-
Revaluation reserve at 31 March 2024
7. Average number of persons employed
During the year the average number of employees was 1 (2023 : 1)
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