3 3 Hall and Company (Devon) Limited 04707576 false 2024-01-01 2024-12-31 2024-12-31 The principal activity of the company is Retailers. Digita Accounts Production Advanced 6.30.9574.0 true true 04707576 2024-01-01 2024-12-31 04707576 2024-12-31 04707576 bus:OrdinaryShareClass1 2024-12-31 04707576 core:CurrentFinancialInstruments 2024-12-31 04707576 core:CurrentFinancialInstruments core:WithinOneYear 2024-12-31 04707576 core:FurnitureFittingsToolsEquipment 2024-12-31 04707576 core:LandBuildings 2024-12-31 04707576 core:MotorVehicles 2024-12-31 04707576 bus:SmallEntities 2024-01-01 2024-12-31 04707576 bus:AuditExemptWithAccountantsReport 2024-01-01 2024-12-31 04707576 bus:FilletedAccounts 2024-01-01 2024-12-31 04707576 bus:SmallCompaniesRegimeForAccounts 2024-01-01 2024-12-31 04707576 bus:RegisteredOffice 2024-01-01 2024-12-31 04707576 bus:Director1 2024-01-01 2024-12-31 04707576 bus:Director2 2024-01-01 2024-12-31 04707576 bus:OrdinaryShareClass1 2024-01-01 2024-12-31 04707576 bus:PrivateLimitedCompanyLtd 2024-01-01 2024-12-31 04707576 bus:Agent1 2024-01-01 2024-12-31 04707576 core:Goodwill 2024-01-01 2024-12-31 04707576 core:FurnitureFittingsToolsEquipment 2024-01-01 2024-12-31 04707576 core:LandBuildings 2024-01-01 2024-12-31 04707576 core:MotorVehicles 2024-01-01 2024-12-31 04707576 countries:UnitedKingdom 2024-01-01 2024-12-31 04707576 2023-12-31 04707576 core:FurnitureFittingsToolsEquipment 2023-12-31 04707576 core:LandBuildings 2023-12-31 04707576 core:MotorVehicles 2023-12-31 04707576 2023-01-01 2023-12-31 04707576 2023-12-31 04707576 bus:OrdinaryShareClass1 2023-12-31 04707576 core:CurrentFinancialInstruments 2023-12-31 04707576 core:CurrentFinancialInstruments core:WithinOneYear 2023-12-31 04707576 core:FurnitureFittingsToolsEquipment 2023-12-31 04707576 core:LandBuildings 2023-12-31 04707576 core:MotorVehicles 2023-12-31 xbrli:pure iso4217:GBP xbrli:shares

Registration number: 04707576

Hall and Company (Devon) Limited

Unaudited Filleted Abridged Financial Statements

for the Year Ended 31 December 2024

 

Hall and Company (Devon) Limited

Contents

Company Information

1

Abridged Balance Sheet

2

Notes to the Unaudited Abridged Financial Statements

3 to 8

 

Hall and Company (Devon) Limited

Company Information

Directors

Mr Hamid Hall

Mrs Louise Melanie Hall

Registered office

Easterbrook Eaton Limited (Chartered Accountants)
Cosmopolitan House
Old Fore Street
Sidmouth
Devon
EX10 8LS

Accountants

Easterbrook Eaton Limited
Chartered AccountantsCosmopolitan House
Old Fore Street
Sidmouth
Devon
EX10 8LS

 

Hall and Company (Devon) Limited

(Registration number: 04707576)
Abridged Balance Sheet as at 31 December 2024

Note

2024
£

2023
£

Fixed assets

 

Intangible assets

4

30,000

30,000

Tangible assets

5

915,946

916,294

 

945,946

946,294

Current assets

 

Stocks

6

2,186

6,452

Debtors

7

307

2,666

Cash at bank and in hand

 

71,483

74,040

 

73,976

83,158

Prepayments and accrued income

 

3,774

3,263

Creditors: Amounts falling due within one year

(398,295)

(452,086)

Net current liabilities

 

(320,545)

(365,665)

Net assets

 

625,401

580,629

Capital and reserves

 

Called up share capital

8

100

100

Retained earnings

625,301

580,529

Shareholders' funds

 

625,401

580,629

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

Directors' responsibilities:

The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

All of the company’s members have consented to the preparation of an Abridged Balance Sheet in accordance with Section 444(2A) of the Companies Act 2006.

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the directors have not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the Board on 25 March 2025 and signed on its behalf by:
 

.........................................
Mr Hamid Hall
Director

 

Hall and Company (Devon) Limited

Notes to the Unaudited Abridged Financial Statements for the Year Ended 31 December 2024

1

General information

The company is a private company limited by share capital, incorporated in United Kingdom.

The address of its registered office is:
Easterbrook Eaton Limited (Chartered Accountants)
Cosmopolitan House
Old Fore Street
Sidmouth
Devon
EX10 8LS

These financial statements were authorised for issue by the Board on 25 March 2025.

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These abridged financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These abridged financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Going concern

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and 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.

Tax

The tax expense for the period comprises current 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.

 

Hall and Company (Devon) Limited

Notes to the Unaudited Abridged Financial Statements for the Year Ended 31 December 2024

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class

Depreciation method and rate

Fixtures, Fittings and Equipment

10% reducing balance basis

Motor Vehicles

25% reducing balance basis

Goodwill

Goodwill arising on the acquisition of an entity represents the excess of the cost of acquisition over the company’s interest in the net fair value of the identifiable assets, liabilities and contingent liabilities of the entity recognised at the date of acquisition. Goodwill is initially recognised as an asset at cost and is subsequently measured at cost less accumulated amortisation and accumulated impairment losses. Goodwill is held in the currency of the acquired entity and revalued to the closing rate at each reporting period date. Goodwill is amortised over its useful life, which shall not exceed ten years if a reliable estimate of the useful life cannot be made.

Amortisation

Amortisation is provided on intangible assets so as to write off the cost, less any estimated residual value, over their useful life as follows:

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Trade debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.

Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first-in, first-out (FIFO) method.

The cost of finished goods and work in progress comprises direct materials and, where applicable, direct labour costs and those overheads that have been incurred in bringing the inventories to their present location and condition. At each reporting date, stocks are assessed for impairment. If stocks are impaired, the carrying amount is reduced to its selling price less costs to complete and sell; the impairment loss is recognised immediately in profit or loss.

 

Hall and Company (Devon) Limited

Notes to the Unaudited Abridged Financial Statements for the Year Ended 31 December 2024

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

3

Staff numbers

The average number of persons employed by the company (including directors) during the year, was 3 (2023 - 3).

 

Hall and Company (Devon) Limited

Notes to the Unaudited Abridged Financial Statements for the Year Ended 31 December 2024

4

Intangible assets

Total
£

Cost or valuation

At 1 January 2024

30,000

At 31 December 2024

30,000

Amortisation

Carrying amount

At 31 December 2024

30,000

At 31 December 2023

30,000

5

Tangible assets

Land and buildings
£

Furniture, fittings and equipment
 £

Motor vehicles
 £

Total
£

Cost or valuation

At 1 January 2024

876,805

72,723

18,700

968,228

Additions

-

5,316

-

5,316

At 31 December 2024

876,805

78,039

18,700

973,544

Depreciation

At 1 January 2024

-

41,123

10,811

51,934

Charge for the year

-

3,692

1,972

5,664

At 31 December 2024

-

44,815

12,783

57,598

Carrying amount

At 31 December 2024

876,805

33,224

5,917

915,946

At 31 December 2023

876,805

31,600

7,889

916,294

Included within the net book value of land and buildings above is £876,805 (2023 - £876,805) in respect of freehold land and buildings.
 

6

Stocks

2024
£

2023
£

Other inventories

2,186

6,452

 

Hall and Company (Devon) Limited

Notes to the Unaudited Abridged Financial Statements for the Year Ended 31 December 2024

7

Debtors

Debtors includes £Nil (2023 - £Nil) due after more than one year.

8

Share capital

Allotted, called up and fully paid shares

2024

2023

No.

£

No.

£

Ordinary of £1 each

100

100

100

100

       

9

Dividends

10

Related party transactions

 

Hall and Company (Devon) Limited

Notes to the Unaudited Abridged Financial Statements for the Year Ended 31 December 2024

Directors' remuneration

The directors' remuneration for the year was as follows:

2024
£

2023
£

Remuneration

7,365

11,702