Registered number
13971955
HALOS PROPERTIES LIMITED
Filleted Accounts
31 December 2023
HALOS PROPERTIES LIMITED
Registered number: 13971955
Balance Sheet
as at 31 December 2023
Notes 31/12/23 31/3/23
£ £
Fixed assets
Tangible assets 3 2,960,911 2,885,021
Current assets
Debtors 4 78,287 2,965
Cash at bank and in hand 26,922 19,883
105,209 22,848
Creditors: amounts falling due within one year 5 (38,405) (30,591)
Net current assets/(liabilities) 66,804 (7,743)
Total assets less current liabilities 3,027,715 2,877,278
Creditors: amounts falling due after more than one year 6 (3,063,517) (2,880,000)
Net liabilities (35,802) (2,722)
Capital and reserves
Called up share capital 10,000 10,000
Profit and loss account (45,802) (12,722)
Shareholder's funds (35,802) (2,722)
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 member has not required the company to obtain an audit in accordance with section 476 of the Act.
The director acknowledges his 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.
Kyung Tae Kweon
Director
Approved by the board on 30 September 2024
HALOS PROPERTIES LIMITED
Notes to the Accounts
for the period from 1 April 2023 to 31 December 2023
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 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 from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. 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.
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:
Property N/A
Furniture and fixture over 5 years
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.
Pensions
Contributions to defined contribution plans are expensed in the period to which they relate.
2 Employees 31/12/23 31/3/23
Number Number
Average number of persons employed by the company 1 1
3 Tangible fixed assets
Property
£
Cost
At 1 April 2023 2,885,021
Additions 75,890
At 31 December 2023 2,960,911
Depreciation
At 31 December 2023 -
Net book value
At 31 December 2023 2,960,911
At 31 March 2023 2,885,021
4 Debtors 31/12/23 31/3/23
£ £
Trade debtors 78,287 -
Other debtors - 2,965
78,287 2,965
5 Creditors: amounts falling due within one year 31/12/23 31/3/23
£ £
Taxation and social security costs 3,652 -
Other creditors 34,753 30,591
38,405 30,591
6 Creditors: amounts falling due after one year 31/12/23 31/3/23
£ £
Intercompany loan 3,063,517 2,880,000
7 Other information
HALOS PROPERTIES LIMITED is a private company limited by shares and incorporated in England. Its registered office is:
Unit 5
Leigh Close
New Malden
Surrey
KT3 3NW
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