IRIS Accounts Production v24.3.2.46 SC305106 Board of Directors 1.6.23 31.5.24 31.5.24 false true false false true false iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWhSC3051062023-05-31SC3051062024-05-31SC3051062023-06-012024-05-31SC3051062022-05-31SC3051062022-06-012023-05-31SC3051062023-05-31SC305106ns15:Scotland2023-06-012024-05-31SC305106ns14:PoundSterling2023-06-012024-05-31SC305106ns10:Director12023-06-012024-05-31SC305106ns10:PrivateLimitedCompanyLtd2023-06-012024-05-31SC305106ns10:SmallEntities2023-06-012024-05-31SC305106ns10:AuditExempt-NoAccountantsReport2023-06-012024-05-31SC305106ns10:SmallCompaniesRegimeForDirectorsReport2023-06-012024-05-31SC305106ns10:SmallCompaniesRegimeForAccounts2023-06-012024-05-31SC305106ns10:FullAccounts2023-06-012024-05-31SC305106ns10:Director22023-06-012024-05-31SC305106ns10:Director32023-06-012024-05-31SC305106ns10:Director42023-06-012024-05-31SC305106ns10:RegisteredOffice2023-06-012024-05-31SC305106ns5:CurrentFinancialInstruments2024-05-31SC305106ns5:CurrentFinancialInstruments2023-05-31SC305106ns5:ShareCapital2024-05-31SC305106ns5:ShareCapital2023-05-31SC305106ns5:RetainedEarningsAccumulatedLosses2024-05-31SC305106ns5:RetainedEarningsAccumulatedLosses2023-05-31SC305106ns5:PlantMachinery2023-05-31SC305106ns5:PlantMachinery2023-06-012024-05-31SC305106ns5:PlantMachinery2024-05-31SC305106ns5:PlantMachinery2023-05-31SC305106ns5:CostValuation2023-05-31SC305106ns5:WithinOneYearns5:CurrentFinancialInstruments2024-05-31SC305106ns5:WithinOneYearns5:CurrentFinancialInstruments2023-05-31
REGISTERED NUMBER: SC305106 (Scotland)















HALO URBAN REGENERATION COMPANY LIMITED

FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST MAY 2024






HALO URBAN REGENERATION COMPANY LIMITED (REGISTERED NUMBER: SC305106)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31ST MAY 2024










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


HALO URBAN REGENERATION COMPANY LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31ST MAY 2024







DIRECTORS: M M S Macklin
D J Weir
W Stafford
J C McMahon





REGISTERED OFFICE: C/O Anderson Strathern LLP
George House
50 George Square
Glasgow
G2 1EH





REGISTERED NUMBER: SC305106 (Scotland)





ACCOUNTANTS: JRD Partnership Ltd
Chartered Accountants
11 Portland Road
Kilmarnock
Ayrshire
KA1 2BT

HALO URBAN REGENERATION COMPANY LIMITED (REGISTERED NUMBER: SC305106)

BALANCE SHEET
31ST MAY 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 2,737 3,127
Investments 5 3 3
2,740 3,130

CURRENT ASSETS
Debtors 6 178,405 182,066
Cash at bank 393 1,664
178,798 183,730
CREDITORS
Amounts falling due within one year 7 73,042 74,661
NET CURRENT ASSETS 105,756 109,069
TOTAL ASSETS LESS CURRENT
LIABILITIES

108,496

112,199

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 108,396 112,099
SHAREHOLDERS' FUNDS 108,496 112,199

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31st May 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31st May 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.

HALO URBAN REGENERATION COMPANY LIMITED (REGISTERED NUMBER: SC305106)

BALANCE SHEET - continued
31ST MAY 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 21st January 2025 and were signed on its behalf by:





M M S Macklin - Director


HALO URBAN REGENERATION COMPANY LIMITED (REGISTERED NUMBER: SC305106)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31ST MAY 2024


1. STATUTORY INFORMATION

Halo Urban Regeneration Company Limited 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.

Turnover
Turnover 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.

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 balance sheet date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet 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 1 (2023 - 1 ) .

HALO URBAN REGENERATION COMPANY LIMITED (REGISTERED NUMBER: SC305106)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31ST MAY 2024


4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1st June 2023
and 31st May 2024 18,178
DEPRECIATION
At 1st June 2023 15,051
Charge for year 390
At 31st May 2024 15,441
NET BOOK VALUE
At 31st May 2024 2,737
At 31st May 2023 3,127

5. FIXED ASSET INVESTMENTS
Other
investments
£   
COST
At 1st June 2023
and 31st May 2024 3
NET BOOK VALUE
At 31st May 2024 3
At 31st May 2023 3

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Amounts owed by group undertakings 44,500 44,500
Other debtors 133,905 137,566
178,405 182,066

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade creditors 639 2,093
Other creditors 72,403 72,568
73,042 74,661

HALO URBAN REGENERATION COMPANY LIMITED (REGISTERED NUMBER: SC305106)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31ST MAY 2024


8. RELATED PARTY DISCLOSURES

M M S Macklin, director, was paid £6,757 consultancy fees from the company during the year.

Turnover includes £11,891 in respect of The Halo Kilmarnock Limited, a wholly owned subsidiary.

9. ULTIMATE CONTROLLING PARTY

The ultimate controlling party is M M S Macklin, director.