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Company Registration No. 15075746 (England and Wales)
Halo Property Development Limited Unaudited accounts for the period from 16 August 2023 to 31 July 2024
Halo Property Development Limited Unaudited accounts Contents
Page
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Halo Property Development Limited Company Information for the period from 16 August 2023 to 31 July 2024
Director
Katie Fiona Jones
Company Number
15075746 (England and Wales)
Registered Office
27 SOMERSET ROAD HESWALL WIRRAL CH618SN ENGLAND
Accountants
RAE Business Services (Yorkshire) Limited First Floor 85 Great Portland Street London W1W 7LT
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Halo Property Development Limited Accountants' report
Accountants' report to the director of Halo Property Development Limited on the preparation of the unaudited statutory accounts for the period from 16 August 2023 to 31 July 2024
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of Halo Property Development Limited for the period from 16 August 2023 to 31 July 2024 as set out on pages 5 - 8 from the company's accounting records and from information and explanations you have given us.
This report is made solely to the Board of Directors of Halo Property Development Limited, as a body, in accordance with the terms of our engagement. Our work has been undertaken solely to prepare for your approval the accounts of Halo Property Development Limited and state those matters that we have agreed to state to them, as a body, in this report. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Halo Property Development Limited and its Board of Directors as a body for our work or for this report.
It is your duty to ensure that Halo Property Development Limited has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and profit of Halo Property Development Limited. You consider that Halo Property Development Limited is exempt from the statutory audit requirement for the period.
We have not been instructed to carry out an audit or a review of the accounts of Halo Property Development Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory accounts.
RAE Business Services (Yorkshire) Limited First Floor 85 Great Portland Street London W1W 7LT 15 January 2025
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Halo Property Development Limited Statement of financial position as at 31 July 2024
2024 
Notes
£ 
Fixed assets
Tangible assets
1,415 
Investment property
415,585 
417,000 
Current assets
Debtors
14,021 
Cash at bank and in hand
12,726 
26,747 
Creditors: amounts falling due within one year
(258,887)
Net current liabilities
(232,140)
Total assets less current liabilities
184,860 
Creditors: amounts falling due after more than one year
(165,150)
Provisions for liabilities
Deferred tax
(4,967)
Net assets
14,743 
Capital and reserves
Called up share capital
12 
Revaluation reserve
33,722 
Profit and loss account
(18,991)
Shareholders' funds
14,743 
For the period ending 31 July 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 director acknowledges her 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 and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 21 January 2025 and were signed on its behalf by
Katie Fiona Jones Director Company Registration No. 15075746
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Halo Property Development Limited Notes to the Accounts for the period from 16 August 2023 to 31 July 2024
1
Statutory information
Halo Property Development Limited is a private company, limited by shares, registered in England and Wales, registration number 15075746. The registered office is 27 SOMERSET ROAD, HESWALL, WIRRAL, CH618SN, ENGLAND.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Fixtures & fittings
33% on cost
Investment property
Investment property is included at market fair value. Gains are recognised in the income statement. Deferred taxation is provided on these gains at the rate expected to apply when the property is sold.
Deferred taxation
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws. Deferred tax assets and liabilities are not discounted.
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Halo Property Development Limited Notes to the Accounts for the period from 16 August 2023 to 31 July 2024
4
Tangible fixed assets
Fixtures & fittings 
£ 
Cost or valuation
At cost 
At 16 August 2023
- 
Additions
1,585 
At 31 July 2024
1,585 
Depreciation
Charge for the period
170 
At 31 July 2024
170 
Net book value
At 31 July 2024
1,415 
5
Investment property
2024 
£ 
Additions
370,622 
Net gain from fair value adjustments
44,963 
At 31 July 2024
415,585 
6
Debtors
2024 
£ 
Amounts falling due within one year
Accrued income and prepayments
13,885 
Other debtors
136 
14,021 
7
Creditors: amounts falling due within one year
2024 
£ 
Bank loans and overdrafts
143,459 
Other creditors
10,000 
Loans from directors
104,408 
Accruals
1,020 
258,887 
8
Creditors: amounts falling due after more than one year
2024 
£ 
Bank loans
135,150 
Other creditors
30,000 
165,150 
Aggregate of amounts that fall due for payment after five years
135,150 
Included in long term creditors is a bank loan secured on investment property. A personal guarantee has been provided.
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Halo Property Development Limited Notes to the Accounts for the period from 16 August 2023 to 31 July 2024
9
Deferred taxation
2024 
£ 
Revaluation of investment property
11,241 
Tax losses carried forward
(6,274)
4,967 
2024 
£ 
Charged to the profit and loss account
4,967 
Provision at end of period
4,967 
10
Average number of employees
During the period the average number of employees was 0.
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