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REGISTERED NUMBER: 09392024 (England and Wales)















FINANCIAL STATEMENTS FOR THE YEAR ENDED 29 JUNE 2024

FOR

Halcyon Living 11 Limited

Halcyon Living 11 Limited (Registered number: 09392024)






CONTENTS OF THE FINANCIAL STATEMENTS
for the Year Ended 29 June 2024




Page

Company information 1

Balance sheet 2

Notes to the financial statements 3


Halcyon Living 11 Limited

COMPANY INFORMATION
for the Year Ended 29 June 2024







DIRECTORS: Z A Pradhan
N Pradhan



REGISTERED OFFICE: C/O Mcak & Co
1st Floor, Princeton Mews,
167-169 London Road
Kingston Upon Thames
Surrey
KT2 6PT



REGISTERED NUMBER: 09392024 (England and Wales)



SENIOR STATUTORY AUDITOR: Rocky Bharj F.C.C.A



AUDITORS: TAXAUDIT ACCOUNTANTS LTD
Chartered Certified Accountants
Registered Auditors
170 Church Road,
Mitcham
CR4 3BW

Halcyon Living 11 Limited (Registered number: 09392024)

BALANCE SHEET
29 June 2024

29.6.24 29.6.23
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 - -
Tangible assets 5 638,875 624,163
638,875 624,163

CURRENT ASSETS
Debtors 6 1,123,694 1,010,443
Cash at bank 10,667 174,831
1,134,361 1,185,274
CREDITORS
Amounts falling due within one year 7 174,310 259,830
NET CURRENT ASSETS 960,051 925,444
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,598,926

1,549,607

CREDITORS
Amounts falling due after more than one
year

8

517,454

549,640
NET ASSETS 1,081,472 999,967

CAPITAL AND RESERVES
Called up share capital 1,000 1,000
Retained earnings 1,080,472 998,967
SHAREHOLDERS' FUNDS 1,081,472 999,967

The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Income statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 27 March 2025 and were signed on its behalf by:





N Pradhan - Director


Halcyon Living 11 Limited (Registered number: 09392024)

NOTES TO THE FINANCIAL STATEMENTS
for the Year Ended 29 June 2024

1. STATUTORY INFORMATION

Halcyon Living 11 Limited 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.

Related party exemption
The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2015, is being amortised evenly over its estimated useful life of five years.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

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.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

Halcyon Living 11 Limited (Registered number: 09392024)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 29 June 2024

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was NIL (2023 - 39 ).

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 30 June 2023
and 29 June 2024 12,000
AMORTISATION
At 30 June 2023
and 29 June 2024 12,000
NET BOOK VALUE
At 29 June 2024 -
At 29 June 2023 -

5. TANGIBLE FIXED ASSETS
Improvements
Freehold to Plant and
property property machinery
£    £    £   
COST
At 30 June 2023 608,807 52,111 44,081
Additions - 24,549 21,266
At 29 June 2024 608,807 76,660 65,347
DEPRECIATION
At 30 June 2023 48,767 34,882 30,025
Charge for year 6,088 10,444 8,830
At 29 June 2024 54,855 45,326 38,855
NET BOOK VALUE
At 29 June 2024 553,952 31,334 26,492
At 29 June 2023 560,040 17,229 14,056

Halcyon Living 11 Limited (Registered number: 09392024)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 29 June 2024

5. TANGIBLE FIXED ASSETS - continued

Fixtures
and Computer
fittings equipment Totals
£    £    £   
COST
At 30 June 2023 109,476 13,854 828,329
Additions 3,291 - 49,106
At 29 June 2024 112,767 13,854 877,435
DEPRECIATION
At 30 June 2023 82,050 8,442 204,166
Charge for year 7,679 1,353 34,394
At 29 June 2024 89,729 9,795 238,560
NET BOOK VALUE
At 29 June 2024 23,038 4,059 638,875
At 29 June 2023 27,426 5,412 624,163

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
29.6.24 29.6.23
£    £   
Trade debtors 44,862 169,347
Amounts owed by group undertakings 1,073,492 841,096
Other debtors 5,340 -
1,123,694 1,010,443

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
29.6.24 29.6.23
£    £   
Bank loans and overdrafts 3,627 1,483
Trade creditors 26,683 39,000
Taxation and social security 105,406 98,160
Other creditors 38,594 121,187
174,310 259,830

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
29.6.24 29.6.23
£    £   
Bank loans 483,658 510,288
Other creditors 33,796 39,352
517,454 549,640

Amounts falling due in more than five years:

Repayable by instalments
Bank loans more 5 yr by instal 121,291 154,406

Halcyon Living 11 Limited (Registered number: 09392024)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 29 June 2024

9. SECURED DEBTS

The following secured debts are included within creditors:

29.6.24 29.6.23
£    £   
Bank loans 483,658 510,288

Security is denominated in sterling with a nominal interest rate of Bank of England base rate plus 2.65%, and the final instalment is due on 31 October,2031.

A legal charge over the freehold property at Wainfleet Care Home, Rumbold Lane,Wainfleet,Skegness.PE24 4DS.

A debenture on the company's assets

10. DISCLOSURE UNDER SECTION 444(5B) OF THE COMPANIES ACT 2006

The Report of the auditors was unqualified.

Rocky Bharj F.C.C.A (Senior Statutory Auditor)
for and on behalf of TAXAUDIT ACCOUNTANTS LTD

11. ULTIMATE CONTROLLING PARTY

The directors Mr Z Pradhan and Mr N Pradhan are controlling parties.