Acorah Software Products - Accounts Production 16.1.300 false true true 30 June 2023 1 July 2022 false 1 July 2023 30 June 2024 30 June 2024 10591574 Mr Neil Thompson iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 10591574 2023-06-30 10591574 2024-06-30 10591574 2023-07-01 2024-06-30 10591574 frs-core:CurrentFinancialInstruments 2024-06-30 10591574 frs-core:Non-currentFinancialInstruments 2024-06-30 10591574 frs-core:ComputerEquipment 2024-06-30 10591574 frs-core:ComputerEquipment 2023-07-01 2024-06-30 10591574 frs-core:ComputerEquipment 2023-06-30 10591574 frs-core:ShareCapital 2024-06-30 10591574 frs-core:RetainedEarningsAccumulatedLosses 2024-06-30 10591574 frs-bus:PrivateLimitedCompanyLtd 2023-07-01 2024-06-30 10591574 frs-bus:FilletedAccounts 2023-07-01 2024-06-30 10591574 frs-bus:SmallEntities 2023-07-01 2024-06-30 10591574 frs-bus:AuditExempt-NoAccountantsReport 2023-07-01 2024-06-30 10591574 frs-bus:SmallCompaniesRegimeForAccounts 2023-07-01 2024-06-30 10591574 frs-core:FurtherSpecificReserve1ComponentTotalEquity 2023-06-30 10591574 frs-core:FurtherSpecificReserve1ComponentTotalEquity 2024-06-30 10591574 frs-core:CostValuation 2023-06-30 10591574 frs-core:AdditionsToInvestments 2024-06-30 10591574 frs-core:CostValuation 2024-06-30 10591574 frs-core:ProvisionsForImpairmentInvestments 2023-06-30 10591574 frs-core:ProvisionsForImpairmentInvestments 2024-06-30 10591574 frs-bus:Director1 2023-07-01 2024-06-30 10591574 frs-countries:EnglandWales 2023-07-01 2024-06-30 10591574 2022-06-30 10591574 2023-06-30 10591574 2022-07-01 2023-06-30 10591574 frs-core:CurrentFinancialInstruments 2023-06-30 10591574 frs-core:Non-currentFinancialInstruments 2023-06-30 10591574 frs-core:ShareCapital 2023-06-30 10591574 frs-core:RetainedEarningsAccumulatedLosses 2023-06-30 10591574 frs-core:FurtherSpecificReserve1ComponentTotalEquity 2023-06-30
Registered number: 10591574
Halling Property Investments Limited
Unaudited Financial Statements
For The Year Ended 30 June 2024
Help You Accountancy Ltd
Chartered Accountants
15 Heatherdene Avenue
Crowthorne
RG45 6AA
Unaudited Financial Statements
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—6
Page 1
Balance Sheet
Registered number: 10591574
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 1 1
Investment Properties 5 872,200 823,200
Investments 6 70,190 65,030
942,391 888,231
CURRENT ASSETS
Debtors 7 7,380 10,802
Cash at bank and in hand - 1,838
7,380 12,640
Creditors: Amounts Falling Due Within One Year 8 (6,934 ) (8,983 )
NET CURRENT ASSETS (LIABILITIES) 446 3,657
TOTAL ASSETS LESS CURRENT LIABILITIES 942,837 891,888
Creditors: Amounts Falling Due After More Than One Year 9 (925,362 ) (910,162 )
PROVISIONS FOR LIABILITIES
Deferred Taxation 10 (3,567 ) -
NET ASSETS/(LIABILITIES) 13,908 (18,274 )
CAPITAL AND RESERVES
Called up share capital 11 10 10
Fair value reserve 12 137,210 137,210
Profit and Loss Account (123,312 ) (155,494 )
SHAREHOLDERS' FUNDS 13,908 (18,274)
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For the year ending 30 June 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The member has not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his 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.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
On behalf of the board
Mr Neil Thompson
Director
14/03/2025
The notes on pages 3 to 6 form part of these financial statements.
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Notes to the Financial Statements
1. General Information
Halling Property Investments Limited is a private company, limited by shares, incorporated in England & Wales, registered number 10591574 . The registered office is 15 Heatherdene Avenue, Crowthorne, RG45 6AA.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
2.2. Going Concern Disclosure
The directors have not identified any material uncertainties related to events or conditions that may cast significant doubt about the company's ability to continue as a going concern. The Director considers the going concern basis to be appropriate and plans to continue to provide long term unsecured directors loan funding as required to support the company long term.
2.3. Turnover
Turnover is measured at the fair value of the consideration received or receivable net of discounts. Turnover includes revenue earned from the rendering of services and comprises rental income. Turnover is reduced for estimated customer rebates and other similar allowances.
Rendering of services
Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.
2.4. Tangible Fixed Assets and Depreciation
Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:

Computer Equipment 3 years straight line
2.5. Investment Properties
All investment properties are carried at fair value determined annually by the Director and derived from estimated market value less estimated selling costs, with the unrealised gain being recognised in the Profit and loss account (together with related deferred tax). The unrealised gain, net of deferred tax provided, is then tranferred from the profit and loss reserves to a fair value reserve as disclosed in the notes and it is non-distributable. Market value is estimated by the Director, taking into account independent valuation at purchase date adjusted for subsequent house price index changes, comparable real estate and future plans. No depreciation is provided. Changes in fair value are recognised in the profit and loss account.
2.6. Taxation
Income tax expense represents the sum of the tax currently payable and deferred tax.
The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the statement of comprehensive income because of items of income or expense that are taxable or deductible in other year and items that are never taxable or deductible. The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.
Deferred tax is recognised on timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. Deferred tax liabilities are generally recognised for all taxable timing differences. Deferred tax assets are generally recognised for all deductible temporary differences to the extent that it is probable that taxable profits will be available against which those deductible timing differences can be utilised. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered.
...CONTINUED
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2.6. Taxation - continued
Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period. Deferred tax liabilities are presented within provisions for liabilities and deferred tax assets within debtors. The measurement of deferred tax liabilities and asset reflects the tax consequences that would follow from the manner in which the Company expects, at the end of the reporting period, to recover or settle the carrying amount of its assets and liabilities.
Current or deferred tax for the year is recognised in profit or loss, except when they related to items that are recognised in other comprehensive income or directly in equity, in which case, the current and deferred tax is also recognised in other comprehensive income or directly in equity respectively.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 1 (2023: 1)
1 1
4. Tangible Assets
Computer Equipment
£
Cost or Valuation
As at 1 July 2023 1,905
As at 30 June 2024 1,905
Depreciation
As at 1 July 2023 1,904
As at 30 June 2024 1,904
Net Book Value
As at 30 June 2024 1
As at 1 July 2023 1
5. Investment Property
2024
£
Fair Value
As at 1 July 2023 823,200
Revaluations 49,000
As at 30 June 2024 872,200
6. Investments
Joint Ventures
£
Cost
As at 1 July 2023 76,170
Additions 5,160
As at 30 June 2024 81,330
Provision
As at 1 July 2023 11,140
As at 30 June 2024 11,140
...CONTINUED
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Net Book Value
As at 30 June 2024 70,190
As at 1 July 2023 65,030
The company holds a 50% share of a property investment LLP which has been written down to reflect share of partnership losses realised ('loss on revaluation of investments' in the profit and loss account) at the balance sheet date.
7. Debtors
2024 2023
£ £
Due within one year
Other debtors 7,380 10,802
7,380 10,802
8. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Bank loans and overdrafts 1,451 -
Other taxes and social security - 4,500
Accruals and deferred income 5,483 4,483
6,934 8,983
9. Creditors: Amounts Falling Due After More Than One Year
2024 2023
£ £
Bank loans 526,495 526,495
Directors loan account 398,867 383,667
925,362 910,162
Bank loans are interest only secured on the properties over remaining terms of 20-25 years.
The Director loaned the company £300,000 unsecured fixed interest rate loan on 31st March 2022 with a fixed 6.0% interest rate with no fixed repayment date and with interest payable monthly thereafter. Interest on these loan was waived by the Director with effect from 1/7/23 - interest charged to the profit and loss account was £nil (2023 - £18,000). The remainder of the Loan from Director is a current account balance on which no interest is payable.
10. Deferred Taxation
Deferred taxation is currently provided to the extent that the chargeable gain were investment properties sold at revalued amounts exceeds as tax losses carried forward.
2024 2023
£ £
Other timing differences 3,567 -
11. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 10 10
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12. Reserves
Fair Value Reserve
£
As at 1 July 2023 137,210
As at 30 June 2024 137,210
Amounts are transferred from proft and loss account to the Fair Value reserve representing the unrealised revaluation amounts net of deferred tax where appropriate that are non-distributable. Currently tax losses carried forward are sufficient to cover profits that would arise if properties were sold at revalued amounts.
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