HALLY PROPERTY GROUP LTD

Company Registration Number:
11999281 (England and Wales)

Unaudited abridged accounts for the year ended 31 May 2024

Period of accounts

Start date: 01 June 2023

End date: 31 May 2024

HALLY PROPERTY GROUP LTD

Contents of the Financial Statements

for the Period Ended 31 May 2024

Company Information - 3
Profit and Loss Account - 4
Balance sheet - 5
Additional notes - 7
Balance sheet notes - 10

HALLY PROPERTY GROUP LTD

Company Information

for the Period Ended 31 May 2024




Director: Stuart Sutton
Alexander Shelton
Registered office: 302
Pickhurst Lane
West Wickham
England
BR4 0HT
Company Registration Number: 11999281 (England and Wales)

HALLY PROPERTY GROUP LTD

Profit and Loss Account

for the Period Ended 31 May 2024


Notes

2024
£

2023
£
Gross Profit or (Loss) ( 2,747 ) -
Administrative Expenses ( 11,758 ) -
Operating Profit or (Loss) ( 14,505 ) -
Interest Payable and Similar Charges ( 13,740 ) -
Profit or (Loss) Before Tax ( 28,245 ) -
Profit or (Loss) for Period ( 28,245 ) -

The notes form part of these financial statements

HALLY PROPERTY GROUP LTD

Balance sheet

As at 31 May 2024


Notes

2024
£

2023
£
Fixed assets
Intangible assets: 4 108,000
Tangible assets: 5 345,000
Total fixed assets: 453,000
Current assets
Cash at bank and in hand: 54,697 73
Total current assets: 54,697 73
Creditors: amounts falling due within one year: ( 173,000 ) ( 78 )
Net current assets (liabilities): ( 118,303 ) ( 5 )
Total assets less current liabilities: 334,697 ( 5 )
Creditors: amounts falling due after more than one year: ( 362,941 )
Total net assets (liabilities): ( 28,244 ) ( 5 )

The notes form part of these financial statements

HALLY PROPERTY GROUP LTD

Balance sheet continued

As at 31 May 2024


Notes

2024
£

2023
£
Capital and reserves
Called up share capital: 1 1
Profit and loss account: ( 28,245 ) ( 6 )
Shareholders funds: ( 28,244 ) ( 5 )

For the year ending 31 May 2024 the company was entitled to exemption 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.

The members have agreed to the preparation of abridged accounts for this accounting period in accordance with Section 444(2A).

These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

This report was approved by the board of directors on 7 January 2025
And Signed On Behalf Of The Board By:

Name: Stuart Sutton
Status: Director

The notes form part of these financial statements

HALLY PROPERTY GROUP LTD

Notes to the Financial Statements

for the Period Ended 31 May 2024

  • 1. Accounting policies

    Basis of measurement and preparation

    These financial statements have been prepared in accordance with the provisions of Section 1A (Small Entities) of Financial Reporting Standard 102

HALLY PROPERTY GROUP LTD

Notes to the Financial Statements

for the Period Ended 31 May 2024

  • 2. Employees


    2024

    2023
    Average number of employees during the period 0 0

HALLY PROPERTY GROUP LTD

Notes to the Financial Statements

for the Period Ended 31 May 2024

  • 3. Off balance sheet disclosure

    No

HALLY PROPERTY GROUP LTD

Notes to the Financial Statements

for the Period Ended 31 May 2024

  • 4. Intangible assets

    Total
    Cost £
    At 01 June 2023 -
    Additions 108,000
    Disposals -
    Revaluations -
    Transfers -
    At 31 May 2024 108,000
    Amortisation
    Charge for year -
    On disposals -
    Other adjustments -
    Amortisation at 31 May 2024 -
    Net book value
    Net book value at 31 May 2024 108,000
    Net book value at 31 May 2023 -

    Comprises of Property Lease

HALLY PROPERTY GROUP LTD

Notes to the Financial Statements

for the Period Ended 31 May 2024

5. Tangible Assets

Total
Cost £
At 01 June 2023 -
Additions 345,000
Disposals -
Revaluations -
Transfers -
At 31 May 2024 345,000
Depreciation
At 01 June 2023 -
Charge for year -
On disposals -
Other adjustments -
At 31 May 2024 -
Net book value
At 31 May 2024 345,000
At 31 May 2023 -

Fixed assets comprises of land and buildings in relation to 3 residential properties