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REGISTERED NUMBER: 03182330 (England and Wales)















FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 APRIL 2024

FOR

HALLWHITE PROPERTY LIMITED

HALLWHITE PROPERTY LIMITED (REGISTERED NUMBER: 03182330)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2024










Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 4


HALLWHITE PROPERTY LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 30 APRIL 2024







DIRECTORS: A J Revitt
C M R Peace
F M Peace
C J Revitt



SECRETARY: C J Revitt



REGISTERED OFFICE: Copia House
Great Cliffe Court
Great Cliffe Road
Barnsley
South Yorkshire
S75 3SP



REGISTERED NUMBER: 03182330 (England and Wales)



ACCOUNTANTS: SMH Reed Smith
Copia House
Great Cliffe Court
Great Cliffe Road
Barnsley
South Yorkshire
S75 3SP



BANKERS: Santander
21 Prescot Street
London
E1 8TN

HALLWHITE PROPERTY LIMITED (REGISTERED NUMBER: 03182330)

STATEMENT OF FINANCIAL POSITION
30 APRIL 2024

30.4.24 30.4.23
Notes £    £    £    £   
FIXED ASSETS
Property, plant and equipment 4 1,910 2,122
Investment property 5 1,430,000 1,665,000
1,431,910 1,667,122

CURRENT ASSETS
Debtors 6 53,221 53,181
Cash at bank 26,377 7,539
79,598 60,720
CREDITORS
Amounts falling due within one year 7 28,954 29,951
NET CURRENT ASSETS 50,644 30,769
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,482,554

1,697,891

CREDITORS
Amounts falling due after more than one
year

8

(754,556

)

(799,343

)

PROVISIONS FOR LIABILITIES (103,361 ) (120,682 )
NET ASSETS 624,637 777,866

CAPITAL AND RESERVES
Called up share capital 4 4
Retained earnings 624,633 777,862
SHAREHOLDERS' FUNDS 624,637 777,866

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 April 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 April 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.

HALLWHITE PROPERTY LIMITED (REGISTERED NUMBER: 03182330)

STATEMENT OF FINANCIAL POSITION - continued
30 APRIL 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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 24 January 2025 and were signed on its behalf by:




C M R Peace - Director F M Peace - Director




A J Revitt - Director C J Revitt - Director


HALLWHITE PROPERTY LIMITED (REGISTERED NUMBER: 03182330)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2024


1. STATUTORY INFORMATION

Hallwhite Property Limited is a private company, limited by shares , registered in England and Wales. 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 as modified by the revaluation of certain assets.

Turnover
Revenue is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Fixtures, fittings & equipment - 10% on reducing balance

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 Statement of Income and Retained Earnings, 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.

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 4 (2023 - 4 ) .

HALLWHITE PROPERTY LIMITED (REGISTERED NUMBER: 03182330)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 APRIL 2024


4. PROPERTY, PLANT AND EQUIPMENT
Fixtures,
fittings
& equipment
£   
COST
At 1 May 2023
and 30 April 2024 17,229
DEPRECIATION
At 1 May 2023 15,107
Charge for year 212
At 30 April 2024 15,319
NET BOOK VALUE
At 30 April 2024 1,910
At 30 April 2023 2,122

5. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 May 2023 1,665,000
Disposals (100,000 )
Revaluations (135,000 )
At 30 April 2024 1,430,000
NET BOOK VALUE
At 30 April 2024 1,430,000
At 30 April 2023 1,665,000

Fair value at 30 April 2024 is represented by:
£   
Valuation in 2012 569,173
Valuation in 2014 (5,755 )
Valuation in 2015 32,000
Valuation in 2018 48,074
Valuation in 2019 7,970
Valuation in 2020 169,000
Valuation in 2021 (12,492 )
Valuation in 2022 (9,313 )
Valuation in 2023 (7,286 )
Valuation in 2024 (135,000 )
Cost 773,629
1,430,000

HALLWHITE PROPERTY LIMITED (REGISTERED NUMBER: 03182330)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 APRIL 2024


5. INVESTMENT PROPERTY - continued

If investment property had not been revalued it would have been included at the following historical cost:

30.4.24 30.4.23
£    £   
Cost 773,629 845,810

Investment property was valued on an open market basis on 30 April 2024 by the directors .

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.4.24 30.4.23
£    £   
Rents receivable 8,809 7,440
Directors' current accounts 35,455 34,634
Section 419 tax 8,655 10,084
Other taxation and social security 218 443
Prepayments and other debtors 84 580
53,221 53,181

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.4.24 30.4.23
£    £   
Bank loans and overdrafts 16,785 19,001
Trade creditors 1,055 772
Taxation and social security 1,517 571
Other creditors 9,597 9,607
28,954 29,951

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
30.4.24 30.4.23
£    £   
Bank loans 754,556 799,343

Amounts falling due in more than five years:

Repayable by instalments
Bank loans due after more than 5 years 197,337 232,197

9. SECURED DEBTS

The following secured debts are included within creditors:

30.4.24 30.4.23
£    £   
Bank loans 771,341 818,344

HALLWHITE PROPERTY LIMITED (REGISTERED NUMBER: 03182330)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 APRIL 2024


10. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 30 April 2024 and 30 April 2023:

30.4.24 30.4.23
£    £   
C M R Peace and F M Peace
Balance outstanding at start of year 15,788 18,638
Amounts advanced 200 -
Amounts repaid - (2,850 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 15,988 15,788

A J Revitt and C J Revitt
Balance outstanding at start of year 18,846 21,696
Amounts advanced 621 -
Amounts repaid - (2,850 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 19,467 18,846