IRIS Accounts Production v24.3.2.46 12289878 Board of Directors Board of Directors 1.11.23 31.10.24 31.10.24 false true false false true false iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh122898782023-10-31122898782024-10-31122898782023-11-012024-10-31122898782022-10-31122898782022-11-012023-10-31122898782023-10-3112289878ns15:EnglandWales2023-11-012024-10-3112289878ns14:PoundSterling2023-11-012024-10-3112289878ns10:Director12023-11-012024-10-3112289878ns10:Director22023-11-012024-10-3112289878ns10:PrivateLimitedCompanyLtd2023-11-012024-10-3112289878ns10:SmallEntities2023-11-012024-10-3112289878ns10:AuditExempt-NoAccountantsReport2023-11-012024-10-3112289878ns10:SmallCompaniesRegimeForDirectorsReport2023-11-012024-10-3112289878ns10:SmallCompaniesRegimeForAccounts2023-11-012024-10-3112289878ns10:FullAccounts2023-11-012024-10-3112289878ns10:RegisteredOffice2023-11-012024-10-3112289878ns5:CurrentFinancialInstruments2024-10-3112289878ns5:CurrentFinancialInstruments2023-10-3112289878ns5:Non-currentFinancialInstruments2024-10-3112289878ns5:Non-currentFinancialInstruments2023-10-3112289878ns5:ShareCapital2024-10-3112289878ns5:ShareCapital2023-10-3112289878ns5:RetainedEarningsAccumulatedLosses2024-10-3112289878ns5:RetainedEarningsAccumulatedLosses2023-10-3112289878ns5:LandBuildings2023-10-3112289878ns5:PlantMachinery2023-10-3112289878ns5:LandBuildings2023-11-012024-10-3112289878ns5:PlantMachinery2023-11-012024-10-3112289878ns5:LandBuildings2024-10-3112289878ns5:PlantMachinery2024-10-3112289878ns5:LandBuildings2023-10-3112289878ns5:PlantMachinery2023-10-31
REGISTERED NUMBER: 12289878 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 October 2024

for

Halas Properties Limited

Halas Properties Limited (Registered number: 12289878)






Contents of the Financial Statements
for the Year Ended 31 October 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


Halas Properties Limited

Company Information
for the Year Ended 31 October 2024







DIRECTORS: P Traves
R Cook





REGISTERED OFFICE: 3 The Mill
Stuart Works
High Street
Wordsley
West Midlands
DY8 4FA





REGISTERED NUMBER: 12289878 (England and Wales)





ACCOUNTANTS: SRC Accountancy Services Limited
3 The Mill
Stuart Works
High Street
Wordsley
West Midlands
DY8 4FA

Halas Properties Limited (Registered number: 12289878)

Balance Sheet
31 October 2024

31.10.24 31.10.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 577,281 548,304

CURRENT ASSETS
Cash at bank 11,899 11,175

CREDITORS
Amounts falling due within one year 5 90,589 461,067
NET CURRENT LIABILITIES (78,690 ) (449,892 )
TOTAL ASSETS LESS CURRENT LIABILITIES 498,591 98,412

CREDITORS
Amounts falling due after more than one year 6 (367,155 ) (15,777 )

PROVISIONS FOR LIABILITIES (481 ) (3,769 )
NET ASSETS 130,955 78,866

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 130,855 78,766
130,955 78,866

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 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 20 March 2025 and were signed on its behalf by:




R Cook - Director



P Traves - Director


Halas Properties Limited (Registered number: 12289878)

Notes to the Financial Statements
for the Year Ended 31 October 2024

1. STATUTORY INFORMATION

Halas Properties 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 as modified by the revaluation of certain assets.

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2023 - 2 ) .

Halas Properties Limited (Registered number: 12289878)

Notes to the Financial Statements - continued
for the Year Ended 31 October 2024

4. TANGIBLE FIXED ASSETS
Plant and
Land and machinery
buildings etc Totals
£    £    £   
COST OR VALUATION
At 1 November 2023 528,466 31,421 559,887
Additions - 1,018 1,018
Disposals - (29,115 ) (29,115 )
Revaluations 46,284 - 46,284
At 31 October 2024 574,750 3,324 578,074
DEPRECIATION
At 1 November 2023 - 11,583 11,583
Charge for year - 3,129 3,129
Eliminated on disposal - (13,919 ) (13,919 )
At 31 October 2024 - 793 793
NET BOOK VALUE
At 31 October 2024 574,750 2,531 577,281
At 31 October 2023 528,466 19,838 548,304

Included in cost or valuation of land and buildings is freehold land of £ 528,466 (2023 - £ 528,466 ) which is not depreciated.

Cost or valuation at 31 October 2024 is represented by:

Plant and
Land and machinery
buildings etc Totals
£    £    £   
Valuation in 2023 528,466 31,421 559,887
Valuation in 2024 46,284 (28,097 ) 18,187
574,750 3,324 578,074

If freehold land and buildings had not been revalued they would have been included at the following historical cost:

31.10.24 31.10.23
£    £   
Cost 446,925 446,925

Value of land in freehold land and buildings 574,750 446,925

freehold land and buildings were valued on an open market basis on 31 October 2024 by The Director, Mr R Cook .

5. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.10.24 31.10.23
£    £   
Bank loans and overdrafts - 367,155
Other creditors 90,589 93,912
90,589 461,067

Halas Properties Limited (Registered number: 12289878)

Notes to the Financial Statements - continued
for the Year Ended 31 October 2024

6. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
31.10.24 31.10.23
£    £   
Bank loans 367,155 -
Hire purchase contracts - 15,777
367,155 15,777

Amounts falling due in more than five years:

Repayable by instalments
Bank loans more 5 yr by instal 367,155 -

7. SECURED DEBTS

Bank loans and mortgages are secured against the assets to which they relate.