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REGISTERED NUMBER: SC373255 (Scotland)












Financial Statements

for the Year Ended 29 February 2024

for

C Hanlon Consultancy Ltd

C Hanlon Consultancy Ltd (Registered number: SC373255)






Contents of the Financial Statements
for the Year Ended 29 February 2024




Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 4


C Hanlon Consultancy Ltd

Company Information
for the Year Ended 29 February 2024







DIRECTORS: Mr C Hanlon
Mrs H Hanlon
Miss H Hanlon
Miss C Hanlon
Miss H Hanlon
Miss H R Hanlon
Miss K M Hanlon





SECRETARY: Mr C Hanlon





REGISTERED OFFICE: Radleigh House
1 Golf Road
Clarkston
Glasgow
G76 7HU





REGISTERED NUMBER: SC373255 (Scotland)





ACCOUNTANTS: O'Haras Chartered Accountants
Radleigh House
1 Golf Road
Clarkston
Glasgow
G76 7HU

C Hanlon Consultancy Ltd (Registered number: SC373255)

Statement of Financial Position
29 February 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Property, plant and equipment 4 192 385
Investment property 5 503,722 409,943
503,914 410,328

CURRENT ASSETS
Debtors 6 1,113,391 1,533,622
Cash at bank 21,309 164,449
1,134,700 1,698,071
CREDITORS
Amounts falling due within one year 7 414,477 500,984
NET CURRENT ASSETS 720,223 1,197,087
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,224,137

1,607,415

CREDITORS
Amounts falling due after more than one year 8 4,500 8,100
NET ASSETS 1,219,637 1,599,315

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 1,219,537 1,599,215
SHAREHOLDERS' FUNDS 1,219,637 1,599,315

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 29 February 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 29 February 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.

C Hanlon Consultancy Ltd (Registered number: SC373255)

Statement of Financial Position - continued
29 February 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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 10 January 2025 and were signed on its behalf by:





Mr C Hanlon - Director


C Hanlon Consultancy Ltd (Registered number: SC373255)

Notes to the Financial Statements
for the Year Ended 29 February 2024

1. STATUTORY INFORMATION

C Hanlon Consultancy Ltd is a private company, limited by shares , registered in Scotland. The company's registered number and registered office address can be found on the Company Information page.

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.

Going concern
The directors continue to be satisfied that the company has adequate resources to continue in operation for the next 12 months. Consequently, the directors consider it appropriate to prepare the financial statements on a going concern basis.

Revenue
Turnover represents the amounts derived from the invoiced provision of labour services and management charges excluding value added tax.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off the cost less estimated residual value of each asset over its estimated useful life.
Fixtures and fittings - 25% on cost
Motor vehicles - 25% on cost

Government grants
Grants are accounted for under the accruals model. Government grants in relation to tangible fixed asset are credited to profit and loss account over the useful lives of the related assets, whereas those in relation to expenditure are credited when the expenditure is charged to profit and loss.

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.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, 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 statement of financial position date.


C Hanlon Consultancy Ltd (Registered number: SC373255)

Notes to the Financial Statements - continued
for the Year Ended 29 February 2024

2. ACCOUNTING POLICIES - continued
Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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.

Debtors
Short term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

Creditors
Short term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 7 (2023 - 7 ) .

4. PROPERTY, PLANT AND EQUIPMENT
Fixtures
and Motor
fittings vehicles Totals
£    £    £   
COST
At 1 March 2023
and 29 February 2024 1,281 7,795 9,076
DEPRECIATION
At 1 March 2023 896 7,795 8,691
Charge for year 193 - 193
At 29 February 2024 1,089 7,795 8,884
NET BOOK VALUE
At 29 February 2024 192 - 192
At 28 February 2023 385 - 385

C Hanlon Consultancy Ltd (Registered number: SC373255)

Notes to the Financial Statements - continued
for the Year Ended 29 February 2024

5. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 March 2023 409,943
Additions 93,779
At 29 February 2024 503,722
NET BOOK VALUE
At 29 February 2024 503,722
At 28 February 2023 409,943

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 788,981 1,002,457
Other debtors 324,410 531,165
1,113,391 1,533,622

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 3,600 3,600
Hire purchase contracts - 1,728
Trade creditors 17,466 -
Taxation and social security 105,774 149,946
Other creditors 287,637 345,710
414,477 500,984

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£    £   
Bank loans 4,500 8,100

9. RELATED PARTY DISCLOSURES

There is a balance owed by the directors of £315,096 (2023 - £504,531) as at 29th February 2024. No interest was charged on this balance and there are no formal repayment terms.