IRIS Accounts Production v24.3.0.553 07613863 Board of Directors Board of Directors 6.4.23 5.4.24 5.4.24 false true false false true false Fair value model iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh076138632023-04-05076138632024-04-05076138632023-04-062024-04-05076138632022-04-05076138632022-04-062023-04-05076138632023-04-0507613863ns15:EnglandWales2023-04-062024-04-0507613863ns14:PoundSterling2023-04-062024-04-0507613863ns10:Director12023-04-062024-04-0507613863ns10:Director22023-04-062024-04-0507613863ns10:PrivateLimitedCompanyLtd2023-04-062024-04-0507613863ns10:SmallEntities2023-04-062024-04-0507613863ns10:AuditExempt-NoAccountantsReport2023-04-062024-04-0507613863ns10:SmallCompaniesRegimeForDirectorsReport2023-04-062024-04-0507613863ns10:SmallCompaniesRegimeForAccounts2023-04-062024-04-0507613863ns10:FullAccounts2023-04-062024-04-0507613863ns5:CurrentFinancialInstruments2024-04-0507613863ns5:CurrentFinancialInstruments2023-04-0507613863ns5:ShareCapital2024-04-0507613863ns5:ShareCapital2023-04-0507613863ns5:FurtherSpecificReserve3ComponentTotalEquity2024-04-0507613863ns5:FurtherSpecificReserve3ComponentTotalEquity2023-04-0507613863ns5:RetainedEarningsAccumulatedLosses2024-04-0507613863ns5:RetainedEarningsAccumulatedLosses2023-04-0507613863ns10:RegisteredOffice2023-04-062024-04-0507613863ns5:OwnedOrFreeholdAssetsns5:LandBuildings2023-04-062024-04-0507613863ns5:FurnitureFittings2023-04-062024-04-0507613863ns5:MotorVehicles2023-04-062024-04-0507613863ns5:ComputerEquipment2023-04-062024-04-0507613863ns5:LandBuildings2023-04-0507613863ns5:FurnitureFittings2023-04-0507613863ns5:MotorVehicles2023-04-0507613863ns5:ComputerEquipment2023-04-0507613863ns5:LandBuildings2023-04-062024-04-0507613863ns5:LandBuildings2024-04-0507613863ns5:FurnitureFittings2024-04-0507613863ns5:MotorVehicles2024-04-0507613863ns5:ComputerEquipment2024-04-0507613863ns5:LandBuildings2023-04-0507613863ns5:FurnitureFittings2023-04-0507613863ns5:MotorVehicles2023-04-0507613863ns5:ComputerEquipment2023-04-0507613863ns5:CurrentFinancialInstrumentsns5:WithinOneYear2024-04-0507613863ns5:CurrentFinancialInstrumentsns5:WithinOneYear2023-04-0507613863ns5:FurtherSpecificReserve3ComponentTotalEquity2023-04-050761386312023-04-062024-04-05
REGISTERED NUMBER: 07613863 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 5 APRIL 2024

FOR

HALL & PRESCOTT LIMITED

HALL & PRESCOTT LIMITED (REGISTERED NUMBER: 07613863)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 5 APRIL 2024




Page

Balance Sheet 1

Notes to the Financial Statements 3


HALL & PRESCOTT LIMITED (REGISTERED NUMBER: 07613863)

BALANCE SHEET
5 APRIL 2024

5.4.24 5.4.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 3,327,680 3,417,093
Investment property 5 145,000 145,000
3,472,680 3,562,093

CURRENT ASSETS
Debtors 6 6,105 6,311
Cash at bank and in hand 1,627,636 1,704,552
1,633,741 1,710,863
CREDITORS
Amounts falling due within one year 7 5,133,367 5,173,997
NET CURRENT LIABILITIES (3,499,626 ) (3,463,134 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

(26,946

)

98,959

CAPITAL AND RESERVES
Called up share capital 2 2
Fair value reserve 8 638,032 638,032
Retained earnings (664,980 ) (539,075 )
SHAREHOLDERS' FUNDS (26,946 ) 98,959

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 5 April 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 5 April 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.

HALL & PRESCOTT LIMITED (REGISTERED NUMBER: 07613863)

BALANCE SHEET - continued
5 APRIL 2024


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 Profit and Loss Account has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 21 November 2024 and were signed on its behalf by:




A B Kernighan - Director



Mrs E M Kernighan - Director


HALL & PRESCOTT LIMITED (REGISTERED NUMBER: 07613863)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 5 APRIL 2024

1. STATUTORY INFORMATION

Hall & Prescott Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address are as below:

Registered number: 07613863

Registered office: 4 Wharfe Mews
Cliffe Terrace
Wetherby
West Yorkshire
LS22 6LX

The presentation currency of the financial statements is the Pound Sterling, which is the functional currency of the company, rounded to the nearest £1.

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.

The balance sheet shows that net liabilities at the year end were £26,946 and the company is dependent on the support of the directors for the continuance of normal trading operations. As they have indicated their continued support for the foreseeable future, the accounts have been drawn up assuming a going concern.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Freehold property - 2% on cost (excluding freehold land)
Fixtures and fittings - 15% on reducing balance
Motor vehicles - 25% on reducing balance
Computer equipment - 33% on cost

Freehold land is not depreciated.

All fixed assets are initially recorded at cost.

Investment property
Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

Debtors
Short term debtors are measured at transaction price, less any impairment.

Creditors
Short term creditors are measured at the transaction price.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 3 (2023 - 3 ) .

HALL & PRESCOTT LIMITED (REGISTERED NUMBER: 07613863)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 5 APRIL 2024

4. TANGIBLE FIXED ASSETS
Fixtures
Freehold and Motor Computer
property fittings vehicles equipment Totals
£    £    £    £    £   
COST
At 6 April 2023
and 5 April 2024 3,750,666 395,842 14,853 782 4,162,143
DEPRECIATION
At 6 April 2023 493,123 241,626 9,762 539 745,050
Charge for year 64,814 23,133 1,272 194 89,413
At 5 April 2024 557,937 264,759 11,034 733 834,463
NET BOOK VALUE
At 5 April 2024 3,192,729 131,083 3,819 49 3,327,680
At 5 April 2023 3,257,543 154,216 5,091 243 3,417,093

Included in cost of land and buildings is freehold land of £ 510,000 (2023 - £ 510,000 ) which is not depreciated.

5. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 6 April 2023
and 5 April 2024 145,000
NET BOOK VALUE
At 5 April 2024 145,000
At 5 April 2023 145,000

Fair value at 5 April 2024 is represented by:
£   
Valuation in 2020 115,000
Valuation in 2021 25,000
Valuation in 2022 35,000
Valuation in 2023 (30,000 )
145,000

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
5.4.24 5.4.23
£    £   
Other debtors 2,211 2,211
VAT 366 1,027
Prepayments and accrued income 3,528 3,073
6,105 6,311

HALL & PRESCOTT LIMITED (REGISTERED NUMBER: 07613863)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 5 APRIL 2024

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
5.4.24 5.4.23
£    £   
Trade creditors 965 2,589
Social security and other taxes 1,373 42,789
Pension control - 250
Directors' current accounts 5,126,775 5,124,039
Accruals and deferred income 4,254 4,330
5,133,367 5,173,997

8. RESERVES
Fair
value
reserve
£   
At 6 April 2023
and 5 April 2024 638,032

9. POST BALANCE SHEET EVENTS

The sale of the company's investment property was completed after the year-end at a price of £200,000. The directors valued the property at the balance sheet date at £145,000, being the value in the financial statements.