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REGISTERED NUMBER: 03457049 (England and Wales)















REPORT OF THE DIRECTORS AND

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 OCTOBER 2024

FOR

HALLEND RESIDENTS LTD.

HALLEND RESIDENTS LTD. (REGISTERED NUMBER: 03457049)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 OCTOBER 2024




Page

Company Information 1

Report of the Directors 2

Income Statement 3

Balance Sheet 4

Notes to the Financial Statements 5


HALLEND RESIDENTS LTD.

COMPANY INFORMATION
FOR THE YEAR ENDED 31 OCTOBER 2024







DIRECTORS: T M Morris
Mrs S L Morris





REGISTERED OFFICE: C/o Gordon Wood Scott & Partners Limited
Dean House
94 Whiteladies Road
Clifton
Bristol
BS8 2QX





REGISTERED NUMBER: 03457049 (England and Wales)





ACCOUNTANTS: Gordon Wood Scott & Partners Limited
Chartered Accountants
Dean House
94 Whiteladies Road
Clifton
Bristol
BS8 2QX

HALLEND RESIDENTS LTD. (REGISTERED NUMBER: 03457049)

REPORT OF THE DIRECTORS
FOR THE YEAR ENDED 31 OCTOBER 2024

The directors present their report with the financial statements of the company for the year ended 31 October 2024.

PRINCIPAL ACTIVITY
The principal activity of the company in the year under review was that of commercial property letting.

DIRECTORS
The directors shown below have held office during the whole of the period from 1 November 2023 to the date of this report.

T M Morris
Mrs S L Morris

This report has been prepared in accordance with the provisions of Part 15 of the Companies Act 2006 relating to small companies.

ON BEHALF OF THE BOARD:





T M Morris - Director


10 February 2025

HALLEND RESIDENTS LTD. (REGISTERED NUMBER: 03457049)

INCOME STATEMENT
FOR THE YEAR ENDED 31 OCTOBER 2024

31.10.24 31.10.23
£    £   

TURNOVER 91,894 79,478

Cost of sales (20,312 ) (25,070 )
GROSS PROFIT 71,582 54,408

Administrative expenses (8,052 ) (995 )
OPERATING PROFIT and
PROFIT BEFORE TAXATION 63,530 53,413

Tax on profit (13,085 ) (10,304 )
PROFIT FOR THE FINANCIAL YEAR 50,445 43,109

HALLEND RESIDENTS LTD. (REGISTERED NUMBER: 03457049)

BALANCE SHEET
31 OCTOBER 2024

31.10.24 31.10.23
Notes £    £   
FIXED ASSETS
Investment property 4 750,000 750,000

CURRENT ASSETS
Debtors 5 16,607 16,542
Cash at bank 56,563 53,296
73,170 69,838
CREDITORS
Amounts falling due within one year 6 (29,867 ) (26,980 )
NET CURRENT ASSETS 43,303 42,858
TOTAL ASSETS LESS CURRENT
LIABILITIES

793,303

792,858

PROVISIONS FOR LIABILITIES (63,900 ) (63,900 )
NET ASSETS 729,403 728,958

CAPITAL AND RESERVES
Called up share capital 1,000 1,000
Retained earnings 728,403 727,958
729,403 728,958

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

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

The financial statements have been prepared 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 10 February 2025 and were signed on its behalf by:





Mrs S L Morris - Director


HALLEND RESIDENTS LTD. (REGISTERED NUMBER: 03457049)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 OCTOBER 2024

1. STATUTORY INFORMATION

Hallend Residents Ltd. 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
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 - investment property
Investment properties are measured at fair value. Gains and losses arising from changes in fair value are included in the Income Statement in the period in which they occur. Deferred tax is recognised on these movements.

Financial instruments
The company only enters into basic financial instruments transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors.

Short term debtors are measured at transaction price less any impairment.

Short term creditors are measured at transaction price.

Cash is represented by deposits with financial institutions repayable without penalty on notice of not more than 24 hours.

Other financial liabilities, including borrowings are initially measured at fair value and subsequently measured at amortised cost using the effective interest rate method, with interest expense recognised on an effective yield basis.

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.

HALLEND RESIDENTS LTD. (REGISTERED NUMBER: 03457049)

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

3. EMPLOYEES AND DIRECTORS

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

4. TANGIBLE FIXED ASSETS
Investment
property
£   
COST OR VALUATION
At 1 November 2023
and 31 October 2024 750,000
NET BOOK VALUE
At 31 October 2024 750,000
At 31 October 2023 750,000

Investment property was revalued by the directors on the basis of open market value in existing use at 31 October 2024.

The historical cost of the investment property is £295,410 (£295,410 : 2023)

Cost or valuation at 31 October 2024 is represented by:

Investment
property
£   
Valuation in 2024 750,000

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.10.24 31.10.23
£    £   
Trade debtors 15,326 15,274
Other debtors 1,281 1,268
16,607 16,542

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.10.24 31.10.23
£    £   
Taxation and social security 13,085 10,304
Other creditors 16,782 16,676
29,867 26,980