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Registered number: 10437456
Hallam Stewart Holdings Ltd
Unaudited Financial Statements
For The Year Ended 31 October 2024
Optimise Accountants Ltd
Office 15 Bramley House 2a
Bramley Road
Long Eaton
Nottinghamshire
NG10 3SX
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: 10437456
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 10,793 14,391
Investment Properties 5 1,800,000 1,622,411
1,810,793 1,636,802
CURRENT ASSETS
Debtors 6 5,771 5,286
Cash at bank and in hand 22,305 12,190
28,076 17,476
Creditors: Amounts Falling Due Within One Year 7 (463,023 ) (462,730 )
NET CURRENT ASSETS (LIABILITIES) (434,947 ) (445,254 )
TOTAL ASSETS LESS CURRENT LIABILITIES 1,375,846 1,191,548
Creditors: Amounts Falling Due After More Than One Year 8 (830,166 ) (851,409 )
PROVISIONS FOR LIABILITIES
Deferred Taxation (85,514 ) (51,772 )
NET ASSETS 460,166 288,367
CAPITAL AND RESERVES
Called up share capital 10 2 2
Fair value reserve 11 384,278 240,431
Profit and Loss Account 75,886 47,934
SHAREHOLDERS' FUNDS 460,166 288,367
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For the year ending 31 October 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 Robert Stewart
Director
03/12/2024
The notes on pages 3 to 5 form part of these financial statements.
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Notes to the Financial Statements
1. General Information
Hallam Stewart Holdings Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 10437456 . The registered office is Office 15 Bramley House 2a, Bramley Road, Long Eaton, Nottinghamshire, NG10 3SX.
2. Accounting Policies
2.1. 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.
2.2. Going Concern Disclosure
The directors have not identified any material uncertainties related to events or conditions that may cast significant doubt about the company's ability to continue as a going concern.
2.3. 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.
2.4. 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 on the following bases:
Plant & Machinery 25% Reducing balance mthod
Fixtures & Fittings 25% Reducing balance mthod
2.5. 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.
2.6. Taxation
Income tax expense represents the sum of the tax currently payable and deferred tax.
The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the statement of comprehensive income because of items of income or expense that are taxable or deductible in other years and items that are never taxable or deductible. The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.
Deferred tax is recognised on timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. Deferred tax liabilities are generally recognised for all taxable timing differences. Deferred tax assets are generally recognised for all deductible temporary differences to the extent that it is probable that taxable profits will be available against which those deductible timing differences can be utilised. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered.
Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period. Deferred tax liabilities are presented within provisions for liabilities and deferred tax assets within debtors. The measurement of deferred tax liabilities and assets reflect the tax consequences that would follow from the manner in which the Company expects, at the end of the reporting period, to recover or settle the carrying amount of its assets and liabilities.
Current and deferred tax are recognised in profit or loss for the year, except when they relate to items that are recognised in other comprehensive income or directly in equity, in which case current and deferred tax are recognised in other comprehensive income or directly in equity respectively.
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2.7. Government Grant
Grants for immediate financial support or to cover costs already incurred are recognised immediately in the profit and loss account. Grants towards general activities of the entity over a specific period are recognised in the profit and loss account over that period.

3. Average Number of Employees
Average number of employees, including directors, during the year was: 2 (2023: 2)
2 2
4. Tangible Assets
Plant & Machinery Fixtures & Fittings Total
£ £ £
Cost or Valuation
As at 1 November 2023 52,282 22,285 74,567
As at 31 October 2024 52,282 22,285 74,567
Depreciation
As at 1 November 2023 42,190 17,986 60,176
Provided during the period 2,523 1,075 3,598
As at 31 October 2024 44,713 19,061 63,774
Net Book Value
As at 31 October 2024 7,569 3,224 10,793
As at 1 November 2023 10,092 4,299 14,391
5. Investment Property
2024
£
Fair Value
As at 1 November 2023 1,622,411
Revaluations 177,589
As at 31 October 2024 1,800,000
6. Debtors
2024 2023
£ £
Due within one year
Trade debtors 5,771 5,286
7. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Corporation tax 22,168 11,186
Other creditors 257,724 248,026
Accruals and deferred income 6,070 3,081
Directors' loan accounts 177,061 200,437
463,023 462,730
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8. Creditors: Amounts Falling Due After More Than One Year
2024 2023
£ £
Bank loans 830,166 851,409
9. Secured Creditors
Of the creditors the following amounts are secured.
2024 2023
£ £
Bank loans and overdrafts 830,166 851,409
10. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 2 2
11. Reserves
Fair Value Reserve
£
As at 1 November 2023 240,431
Transfer to profit and loss 143,847
As at 31 October 2024 384,278
12. Controlling Party
There is no ultimate controlling party with both shareholders owning equal proportions of the share capital.
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