Company registration number 10493347 (England and Wales)
HALLMASON HOLDINGS LIMITED
UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2024
PAGES FOR FILING WITH REGISTRAR
HALLMASON HOLDINGS LIMITED
CONTENTS
Page
Company information
1
Balance sheet
2 - 3
Notes to the financial statements
4 - 7
HALLMASON HOLDINGS LIMITED
COMPANY INFORMATION
- 1 -
Directors
Mr D G Newman
Mr P C Dennett
Company number
10493347
Registered office
Road Four
Winsford Industrial Estate
Winsford
Cheshire
UK
CW7 3QN
Accountants
Hallidays
Riverside House
Kings Reach Business Park
Yew Street
Stockport
Cheshire
SK4 2HD
HALLMASON HOLDINGS LIMITED
BALANCE SHEET
AS AT 30 SEPTEMBER 2024
30 September 2024
- 2 -
2024
2023
Notes
£
£
£
£
Fixed assets
Investments
3
682,102
682,102
Current assets
Debtors
5
37,350
Cash at bank and in hand
6,480
19,149
6,480
56,499
Creditors: amounts falling due within one year
6
(217,551)
(274,757)
Net current liabilities
(211,071)
(218,258)
Total assets less current liabilities
471,031
463,844
Creditors: amounts falling due after more than one year
7
(21,001)
Net assets
450,030
463,844
Capital and reserves
Called up share capital
9
1,500
1,500
Share premium account
131,500
131,500
Profit and loss reserves
317,030
330,844
Total equity
450,030
463,844
HALLMASON HOLDINGS LIMITED
BALANCE SHEET (CONTINUED)
AS AT 30 SEPTEMBER 2024
30 September 2024
- 3 -
For the financial year ended 30 September 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
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 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.
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
The directors of the company have elected not to include a copy of the profit and loss account within the financial statements.true
The financial statements were approved by the board of directors and authorised for issue on 19 February 2025 and are signed on its behalf by:
Mr D G Newman
Mr P C Dennett
Director
Director
Company registration number 10493347 (England and Wales)
HALLMASON HOLDINGS LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2024
- 4 -
1
Accounting policies
Company information
Hallmason Holdings Limited is a private company limited by shares incorporated in England and Wales. The registered office is Road Four, Winsford Industrial Estate, Winsford, Cheshire, UK, CW7 3QN.
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.
The company has taken advantage of the exemption under section 399 of the Companies Act 2006 not to prepare consolidated accounts, on the basis that the group of which this is the parent qualifies as a small group. The financial statements present information about the company as an individual entity and not about its group.
1.2
Going concern
The financial statements have been prepared on a going concern basis.true
1.3
Turnover
Turnover comprises the fair value of the consideration received or receivable for the provision of services in
the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns,
rebates and discounts.
The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.
1.4
Fixed asset investments
Interests in subsidiaries, associates and jointly controlled entities 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.
An associate is an entity, being neither a subsidiary nor a joint venture, in which the company holds a long-term interest and where the company has significant influence. The company considers that it has significant influence where it has the power to participate in the financial and operating decisions of the associate.
Entities in which the company has a long term interest and shares control under a contractual arrangement are classified as jointly controlled entities.
HALLMASON HOLDINGS LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 30 SEPTEMBER 2024
1
Accounting policies
(Continued)
- 5 -
1.5
Cash and cash equivalents
Cash and cash equivalents are basic financial assets and include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities.
1.6
Taxation
The tax expense represents the sum of the tax currently payable and deferred tax.
Current tax
The tax expense for the period comprises current and deferred tax. Tax is recognised in profit or loss,except
that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.
The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or
substantively enacted by the reporting date in the countries where the company operates and generates
taxable income.
1.7
Employee benefits
The costs of short-term employee benefits are recognised as a liability and an expense, unless those costs are required to be recognised as part of the cost of stock or fixed assets.
The cost of any unused holiday entitlement is recognised in the period in which the employee’s services are received.
Termination benefits are recognised immediately as an expense when the company is demonstrably committed to terminate the employment of an employee or to provide termination benefits.
1.8
Retirement benefits
Payments to defined contribution retirement benefit schemes are charged as an expense as they fall due.
2
Employees
The average monthly number of persons (including directors) employed by the company during the year was:
2024
2023
Number
Number
Total
3
3
3
Fixed asset investments
2024
2023
£
£
Shares in group undertakings and participating interests
682,102
682,102
HALLMASON HOLDINGS LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 30 SEPTEMBER 2024
- 6 -
4
Subsidiaries
Hallmason Design Limited
The principal activity of Hallmason Design Limited is design work relating to commercial, industrial and domestic buildings.
Details of the company's subsidiaries at 30 September 2024 are as follows:
Name of undertaking
Registered office
Nature of business
Class of
% Held
shares held
Direct
Hallmason
Design Limited
Road Four, Winsford Industrial Estate, Estate, Cheshire, England
Design work
Ordinary shares
100.00
5
Debtors
2024
2023
Amounts falling due within one year:
£
£
Other debtors
37,350
6
Creditors: amounts falling due within one year
2024
2023
£
£
Bank loans
21,858
Taxation and social security
15,000
18,041
Other creditors
180,693
256,716
217,551
274,757
7
Creditors: amounts falling due after more than one year
2024
2023
£
£
Other creditors
21,001
8
Loans and overdrafts
2024
2023
£
£
Bank loans
21,858
Other loans
25,000
46,858
Payable within one year
25,857
Payable after one year
21,001
HALLMASON HOLDINGS LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 30 SEPTEMBER 2024
- 7 -
9
Called up share capital
2024
2023
2024
2023
Ordinary share capital
Number
Number
£
£
Issued and fully paid
Ordinary share of £1 each
1,500
1,500
1,500
1,500
10
Related party transactions
Summary of transactions with all subsidiaries
Hallmason Design Limited
A wholly owned subsidiary of Hallmason Holdings Limited.
During the year the company received management fees of £249,250 (2023 £249,450) from Hallmason Design Limited. At the year end there was an intercompany loan balance owed to Hallmason Design Limited of £154,741 (2023 £225,001). The balance is interest free and repayable on demand.
11
Directors' transactions
At the balance sheet date, amounts owed to a company director was £10,200 (2023 - £25,000 owed from). The balance is due within 1 year, on an interest free basis and repayable on demand.
12
Control
The company is controlled by Mr D Newman.