0 false false false false false false false false false false true false false false false false false No description of principal activity 2023-09-01 Sage Accounts Production Advanced 2023 - FRS102_2023 332,312 12,570 344,882 344,882 332,312 xbrli:pure xbrli:shares iso4217:GBP SC669769 2023-09-01 2024-08-31 SC669769 2024-08-31 SC669769 2023-08-31 SC669769 2022-09-01 2023-08-31 SC669769 2023-08-31 SC669769 2022-08-31 SC669769 bus:Director1 2023-09-01 2024-08-31 SC669769 core:LandBuildings core:OwnedOrFreeholdAssets 2023-09-01 2024-08-31 SC669769 core:AfterOneYear 2024-08-31 SC669769 core:AfterOneYear 2023-08-31 SC669769 core:WithinOneYear 2024-08-31 SC669769 core:WithinOneYear 2023-08-31 SC669769 core:ShareCapital 2024-08-31 SC669769 core:ShareCapital 2023-08-31 SC669769 core:RetainedEarningsAccumulatedLosses 2024-08-31 SC669769 core:RetainedEarningsAccumulatedLosses 2023-08-31 SC669769 core:LandBuildings core:OwnedOrFreeholdAssets 2024-08-31 SC669769 core:LandBuildings core:OwnedOrFreeholdAssets 2023-08-31 SC669769 core:LandBuildings core:OwnedOrFreeholdAssets 2023-08-31 SC669769 bus:SmallEntities 2023-09-01 2024-08-31 SC669769 bus:AuditExemptWithAccountantsReport 2023-09-01 2024-08-31 SC669769 bus:SmallCompaniesRegimeForAccounts 2023-09-01 2024-08-31 SC669769 bus:PrivateLimitedCompanyLtd 2023-09-01 2024-08-31 SC669769 bus:FullAccounts 2023-09-01 2024-08-31
COMPANY REGISTRATION NUMBER: SC669769
Halle Property Ltd
Filleted Unaudited Financial Statements
31 August 2024
Halle Property Ltd
Statement of Financial Position
31 August 2024
2024
2023
Note
£
£
Fixed assets
Tangible assets
4
344,882
332,312
Current assets
Cash at bank and in hand
4,577
8,554
Creditors: amounts falling due within one year
5
81,689
94,446
--------
--------
Net current liabilities
77,112
85,892
---------
---------
Total assets less current liabilities
267,770
246,420
Creditors: amounts falling due after more than one year
6
286,393
265,813
---------
---------
Net liabilities
( 18,623)
( 19,393)
---------
---------
Capital and reserves
Called up share capital
2
2
Profit and loss account
( 18,625)
( 19,395)
--------
--------
Shareholders deficit
( 18,623)
( 19,393)
--------
--------
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
In accordance with section 444 of the Companies Act 2006, the statement of income and retained earnings has not been delivered.
For the year ending 31 August 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 financial statements for the year in question in accordance with section 476 ;
- The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .
Halle Property Ltd
Statement of Financial Position (continued)
31 August 2024
These financial statements were approved by the board of directors and authorised for issue on 24 March 2025 , and are signed on behalf of the board by:
Mr Brian Clark
Director
Company registration number: SC669769
Halle Property Ltd
Notes to the Financial Statements
Year ended 31 August 2024
1. General information
The company is a private company limited by shares, registered in Scotland. The address of the registered office is 1 Kinnettles Terrace, Dundee, DD3 9RH.
2. Statement of compliance
These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.
3. Accounting policies
Basis of preparation
The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.
The financial statements are prepared in sterling, which is the functional currency of the entity.
Going concern
The company made a profit for the year after taxation of £770 (2023 - loss £7,915). The director considers that, despite the balance sheet deficit of £18,623 (2023 - £19,393), the going concern basis is still applicable for the preparation of the financial statements as the ability of the company to continue to trade is dependant on the support of the banks and the director who will not withdraw his loan until such time as the company has adequate funds available.
Revenue recognition
Turnover is measured at the fair value of the consideration received or receivable for goods supplied and services rendered, net of discounts and Value Added Tax. Revenue from the sale of goods is recognised when the significant risks and rewards of ownership have transferred to the buyer (usually on despatch of the goods); the amount of revenue can be measured reliably; it is probable that the associated economic benefits will flow to the entity; and the costs incurred or to be incurred in respect of the transactions can be measured reliably.
Investment property
Investment property is initially recorded at cost, which includes purchase price and any directly attributable expenditure. Investment property is revalued to its fair value at each reporting date and any changes in fair value are recognised in profit or loss.
Financial instruments
A financial asset or a financial liability is recognised only when the entity becomes a party to the contractual provisions of the instrument. Basic financial instruments are initially recognised at the transaction price, unless the arrangement constitutes a financing transaction, where it is recognised at the present value of the future payments discounted at a market rate of interest for a similar debt instrument.
4. Tangible assets
Investment property
£
Cost
At 1 September 2023
332,312
Additions
12,570
---------
At 31 August 2024
344,882
---------
Depreciation
At 1 September 2023 and 31 August 2024
---------
Carrying amount
At 31 August 2024
344,882
---------
At 31 August 2023
332,312
---------
The director has considered the property valuations and does not believe that these are materially different to the costs at the year end.
5. Creditors: amounts falling due within one year
2024
2023
£
£
Other creditors
81,689
94,446
--------
--------
6. Creditors: amounts falling due after more than one year
2024
2023
£
£
Bank loans and overdrafts
286,393
265,813
---------
---------