1 August 2023 v2025.13.1 limited_company_frs_102_section_1a_v1_1_2 companies_houseSoftwarefalsetruetruetrueNo description of principal activityfalsetruexbrli:purexbrli:sharesiso4217:GBP091559742023-08-012024-07-31091559742024-07-31091559742023-07-3109155974core:WithinOneYear2024-07-3109155974core:WithinOneYear2023-07-3109155974core:ShareCapital2024-07-3109155974core:ShareCapital2023-07-3109155974core:RetainedEarningsAccumulatedLosses2024-07-3109155974core:RetainedEarningsAccumulatedLosses2023-07-3109155974bus:Director12023-08-012024-07-3109155974bus:RegisteredOffice2023-08-012024-07-31091559742022-08-012023-07-3109155974core:AdditionsToInvestments2024-07-3109155974core:CostValuation2024-07-310915597412023-08-012024-07-3109155974countries:EnglandWales2023-08-012024-07-3109155974bus:AuditExempt-NoAccountantsReport2023-08-012024-07-3109155974bus:PrivateLimitedCompanyLtd2023-08-012024-07-3109155974bus:SmallEntities2023-08-012024-07-3109155974bus:FullAccounts2023-08-012024-07-31
Company registration number:
09155974
Halloumas Property Management Limited
Unaudited Filleted Financial Statements for the year ended
31 July 2024
Halloumas Property Management Limited
Statement of Financial Position
31 July 2024
20242023
Note££
Fixed assets    
Investments 5
500,000
  -  
Current assets    
Cash at bank and in hand
271,328
 
220,749
 
Creditors: amounts falling due within one year 6
(173,525
)
(129,865
)
Net current assets
97,803
 
90,884
 
Total assets less current liabilities 597,803   90,884  
Capital and reserves    
Called up share capital
550,000
 
50,000
 
Profit and loss account
47,803
 
40,884
 
Shareholders funds
597,803
 
90,884
 
For the year ending
31 July 2024
, the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Director's responsibilities:
  • The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476;
  • The director acknowledges their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.
These
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.
These
financial statements
were approved by the board of directors and authorised for issue on
20 February 2025
, and are signed on behalf of the board by:
Mr G Halloumas
Director
Company registration number:
09155974
Halloumas Property Management Limited
Notes to the Financial Statements
Year ended
31 July 2024

1 General information

The company is a private company limited by shares and is registered in England and Wales. The address of the registered office is
22 Manor Way
,
London
,
SE3 9EF
, United Kingdom.
The principal activity of the company is that of property management.

2 Statement of compliance

These
financial statements
have been prepared in compliance with FRS 102 Section 1A, 'The Financial Reporting Standard applicable to the UK and Republic of Ireland'. The financial statements have been prepared under the historical cost convention.

3 Accounting policies

Basis of preparation

The
financial statements
have been prepared on the historical cost basis, as modified by the revaluation of certain assets.
The
financial statements
are prepared in sterling, which is the functional currency of the company.
The following accounting policies have been applied consistently throughout the year.

Judgements and key sources of estimation uncertainty

In the application of the company's accounting policies, the directors are required to make judgements, estimates and assumptions about the carrying amount of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates.
The estimates and underlying assumptions are reviewed on an ongoing basis.Revisions to accounting estimates are recognised in the period in which the estimates is revised where the revision affects only that period or in the period of the revision and future periods where the revision affects both current and future periods.
There were no judgements and estimates that had significant effect on the amounts recognised in the financial statements.

Turnover

Turnover is measured at the fair value of the consideration received or receivable for services rendered, net of discounts and Value Added Tax.
Revenue from the sale of goods is recognised when the significant risks and rewards of ownership have transferred to the buyer, usually on despatch of the goods; the amount of revenue can be measured reliably; it is probable that the associated economic benefits will flow to the entity; and the costs incurred or to be incurred in respect of the transactions can be measured reliably.

Current tax

Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.

Fixed asset investments

Investments in subsidiaries, associates and joint ventures accounted for in accordance with the cost model are recorded at cost less any accumulated impairment losses.
Investments in subsidiaries, associates and joint ventures accounted for in accordance with the fair value model are initially recorded at the transaction price. At each reporting date, the investments are measured at fair value, with changes in fair value recognised in other comprehensive income or profit or loss. Where it is impracticable to measure fair value reliably without undue cost or effort, the cost model will be adopted.
Dividends and other distributions received from the investment are recognised as income without regard to whether the distributions are from accumulated profits of the associate arising before or after the date of acquisition.
Other fixed asset investments which are listed are measured at fair value with changes in fair value being recognised in profit or loss.
All other Investments held as fixed assets are initially recorded at cost, and are subsequently stated at cost less any accumulated impairment losses.

Financial instruments

A financial asset or a financial liability is recognised only when the entity becomes a party to the contractual provisions of the instrument.
Basic financial instruments are initially recognised at the transaction price and are subsequently measured as follows: Debt instruments are subsequently measured at amortised cost and commitments to receive a loan and to make a loan to another entity are subsequently measured at amortised cost. Where investments in non-convertible preference shares and non-puttable ordinary shares or preference shares are publicly traded or their fair value can otherwise be measured reliably, the investment is subsequently measured at fair value with changes in fair value recognised in profit or loss. All other such investments are subsequently measured at cost less impairment.
All other financial instruments, including derivatives, are initially recognised at fair value, which is normally the transaction price and are subsequently measured at fair value, with any changes recognised in profit or loss.
Financial assets that are measured at cost or amortised cost are reviewed for objective evidence of impairment at the end of each reporting date. If there is objective evidence of impairment, an impairment loss is recognised in profit or loss immediately.
All equity instruments regardless of significance, and other financial assets that are individually significant, are assessed individually for impairment. Other financial assets or either assessed individually or grouped on the basis of similar credit risk characteristics.
Any reversals of impairment are recognised in profit or loss immediately, to the extent that the reversal does not result in a carrying amount of the financial asset that exceeds what the carrying amount would have been had the impairment not previously been recognised.

4 Average number of employees

The average number of persons employed by the company during the year was
1
(2023:
1
).

5 Investments

Shares in group undertakings and participating interests
£
Cost  
At
1 August 2023
-  
Additions
500,000
 
At
31 July 2024
500,000
 
Impairment  
At
1 August 2023
and
31 July 2024
-  
Carrying amount  
At
31 July 2024
500,000
 
At 31 July 2023 -  

Investments held at valuation

In respect of fixed asset investments held at valuation, the comparable amounts that would have been recognised if the assets had been carried under the historical cost model are as follows:
20242023
Shares in group undertakings and participating interestsShares in group undertakings and participating interests
££
Aggregate historical cost 500,000   -  
Carrying amount 500,000   -  

6 Creditors: amounts falling due within one year

20242023
££
Amounts owed to group undertakings and undertakings in which the company has a participating interest
170,442
  -  
Taxation and social security
1,559
 
1,541
 
Other creditors
1,524
 
128,324
 
173,525
 
129,865
 

8 Controlling party

There is no single ultimate controlling party in the company.