Company registration number 10954901 (England and Wales)
HALL HOLDINGS (EDUCATION) LIMITED
UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2024
PAGES FOR FILING WITH REGISTRAR
HALL HOLDINGS (EDUCATION) LIMITED
CONTENTS
Page
Balance sheet
1
Notes to the financial statements
2 - 4
HALL HOLDINGS (EDUCATION) LIMITED
BALANCE SHEET
AS AT
31 AUGUST 2024
31 August 2024
- 1 -
2024
2023
Notes
£
£
£
£
Fixed assets
Investments
3
2,101,410
2,101,410
Current assets
Cash at bank and in hand
15,680
25,250
Creditors: amounts falling due within one year
4
(1,814,697)
(1,743,384)
Net current liabilities
(1,799,017)
(1,718,134)
Total assets less current liabilities
302,393
383,276
Creditors: amounts falling due after more than one year
5
(299,072)
(379,955)
Net assets
3,321
3,321
Capital and reserves
Called up share capital
6
100
100
Profit and loss reserves
3,221
3,221
Total equity
3,321
3,321

The directors of the company have elected not to include a copy of the profit and loss account within the financial statements.true

For the financial year ended 31 August 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

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.

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The financial statements were approved by the board of directors and authorised for issue on 6 March 2025 and are signed on its behalf by:
C J Blunt
Director
Company registration number 10954901 (England and Wales)
HALL HOLDINGS (EDUCATION) LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2024
- 2 -
1
Accounting policies
Company information

Hall Holdings (Education) Limited is a private company limited by shares incorporated in England and Wales. The registered office is Pinnerwood Cottage, Woodhall Road, Pinner, Middlesex, HA5 4UA.

1.1
Accounting convention

These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. The disclosure requirements of section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The financial statements are prepared in sterling, which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest £.

The financial statements have been prepared under the historical cost convention. The principal accounting policies adopted are set out below.

1.2
Fixed asset investments

Interests in subsidiaries are initially measured at cost and subsequently measured at cost less any accumulated impairment losses. The investments are assessed for impairment at each reporting date and any impairment losses or reversals of impairment losses are recognised immediately in profit or loss.

A subsidiary is an entity controlled by the company. Control is the power to govern the financial and operating policies of the entity so as to obtain benefits from its activities.

1.3
Financial instruments

The company has elected to apply the provisions of Section 11 ”Basic Financial Instruments” to all of its financial instruments.

 

Financial instruments are recognised in the company’s balance sheet when the company becomes party to the contractual provisions of the instrument.

Basic financial assets

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

Basic financial liabilities

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

2
Employees

The average monthly number of persons (including directors) employed by the company during the year was:

2024
2023
Number
Number
Total
2
2
HALL HOLDINGS (EDUCATION) LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 AUGUST 2024
- 3 -
3
Fixed asset investments
2024
2023
£
£
Investments
2,101,410
2,101,410
Movements in fixed asset investments
Shares in group undertakings
£
Cost or valuation
At 1 September 2023 & 31 August 2024
2,101,410
Carrying amount
At 31 August 2024
2,101,410
At 31 August 2023
2,101,410
4
Creditors: amounts falling due within one year
2024
2023
£
£
Bank loans
56,590
56,590
Trade creditors
2,088
-
0
Amounts owed to group undertakings
411,815
322,768
Other creditors
1,344,204
1,364,026
1,814,697
1,743,384

The bank loans and overdrafts are secured by way of a fixed and floating charge over all the assets of the company.

5
Creditors: amounts falling due after more than one year
2024
2023
£
£
Bank loans and overdrafts
299,072
379,955

The bank loans and overdrafts are secured by way of a fixed and floating charge over all the assets of the company.

6
Called up share capital
2024
2023
2024
2023
Ordinary share capital
Number
Number
£
£
Issued and fully paid
Ordinary shares of £1 each
100
100
100
100
HALL HOLDINGS (EDUCATION) LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 AUGUST 2024
- 4 -
7
Directors' transactions

The directors have given personal guarantees totalling £1,500,000 (2023 - £1,500,000) in respect of the company's bank borrowings.

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