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REGISTERED NUMBER: 07972740 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 March 2024

for

Hallfield Renewables Limited

Hallfield Renewables Limited (Registered number: 07972740)






Contents of the Financial Statements
for the Year Ended 31 March 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Hallfield Renewables Limited

Company Information
for the Year Ended 31 March 2024







DIRECTORS: J Weightman
M Weightman
R Weightman





REGISTERED OFFICE: Hallfield Farm
Easington
Peterlee
SR8 3NY





REGISTERED NUMBER: 07972740 (England and Wales)





ACCOUNTANTS: KING HOPE
CHARTERED ACCOUNTANTS
18 Scarborough Street
Hartlepool
TS24 7DA

Hallfield Renewables Limited (Registered number: 07972740)

Balance Sheet
31 March 2024

31.3.24 31.3.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 532,020 598,511
Investments 5 528,227 378,650
1,060,247 977,161

CURRENT ASSETS
Debtors 6 796,473 396,142
Cash at bank 107,017 59,760
903,490 455,902
CREDITORS
Amounts falling due within one year 7 292,039 157,659
NET CURRENT ASSETS 611,451 298,243
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,671,698

1,275,404

PROVISIONS FOR LIABILITIES 117,327 113,425
NET ASSETS 1,554,371 1,161,979

CAPITAL AND RESERVES
Called up share capital 100 100
Fair value reserve 8 55,899 16,814
Retained earnings 1,498,372 1,145,065
SHAREHOLDERS' FUNDS 1,554,371 1,161,979

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

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 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.

Hallfield Renewables Limited (Registered number: 07972740)

Balance Sheet - continued
31 March 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 & Loss Account has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 7 November 2024 and were signed on its behalf by:





J Weightman - Director


Hallfield Renewables Limited (Registered number: 07972740)

Notes to the Financial Statements
for the Year Ended 31 March 2024

1. STATUTORY INFORMATION

Hallfield Renewables Limited 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.

The presentation currency of the financial statements is the Pound Sterling (£).


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.

Turnover
Turnover represents amounts earned, excluding value added tax.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery etc - 5% on cost

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Profit & Loss Account, 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.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

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.

Investments
Listed investments are included at valuation.

Dividends
Dividends are accounted for as receivable.

Hallfield Renewables Limited (Registered number: 07972740)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2024

3. EMPLOYEES AND DIRECTORS

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

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 April 2023
and 31 March 2024 1,329,812
DEPRECIATION
At 1 April 2023 731,301
Charge for year 66,491
At 31 March 2024 797,792
NET BOOK VALUE
At 31 March 2024 532,020
At 31 March 2023 598,511

5. FIXED ASSET INVESTMENTS
Other
investments
£   
COST OR VALUATION
At 1 April 2023 378,650
Additions 141,662
Disposals (44,182 )
Revaluations 52,097
At 31 March 2024 528,227
NET BOOK VALUE
At 31 March 2024 528,227
At 31 March 2023 378,650

Cost or valuation at 31 March 2024 is represented by:

Other
investments
£   
Valuation in 2024 528,227

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Trade debtors 327,345 227,787
Other debtors 469,128 168,355
796,473 396,142

Hallfield Renewables Limited (Registered number: 07972740)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2024

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Trade creditors 30,000 30,000
Taxation and social security 231,312 99,284
Other creditors 30,727 28,375
292,039 157,659

8. RESERVES
Fair
value
reserve
£   
At 1 April 2023 16,814
Transfer to fair value reserve 39,085

At 31 March 2024 55,899

9. RELATED PARTY DISCLOSURES

During the year, total dividends of £73,000 (2023 - £68,000) were paid to the directors .

J W Renewables Ltd
50% shareholder.

Other debtors include £450,000 (2023 - £150,000).
Dividends payable £100,000 (2023 - £100,000).