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Registered number: 13677394






FALCO HAYLE LIMITED
UNAUDITED
FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 OCTOBER 2024










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FALCO HAYLE LIMITED
REGISTERED NUMBER:13677394

BALANCE SHEET
AS AT 31 OCTOBER 2024

2024
2023
Note
£
£

Fixed assets
  

Investments
 4 
-
29,618

  
-
29,618

Current assets
  

Debtors: amounts falling due after more than one year
 5 
-
3,680,554

Cash at bank and in hand
 6 
26,362
27,527

  
26,362
3,708,081

Creditors: amounts falling due within one year
 7 
(900)
(2,500)

Net current assets
  
 
 
25,462
 
 
3,705,581

Total assets less current liabilities
  
25,462
3,735,199

Creditors: amounts falling due after more than one year
 8 
(5,433,679)
(3,680,554)

  

Net (liabilities)/assets
  
(5,408,217)
54,645


Capital and reserves
  

Called up share capital 
  
29,618
29,618

Share premium account
  
30,000
30,000

Profit and loss account
  
(5,467,835)
(4,973)

  
(5,408,217)
54,645


Page 1

 
FALCO HAYLE LIMITED
REGISTERED NUMBER:13677394
    
BALANCE SHEET (CONTINUED)
AS AT 31 OCTOBER 2024

The directors consider that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

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.

The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and in accordance with the provisions of FRS 102 Section 1A - small entities.

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

The Company has opted not to file the statement of income and retained earnings in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf by: 




R S Anderson
Director

Date: 9 April 2025

Page 2

 
FALCO HAYLE LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 OCTOBER 2024

1.


General information

Falco Hayle Limited is a private company limited by shares, incorporated in England and Wales. Its registered office is Millhouse, 32-38 East Street, Rochford, Essex, SS4 1DB.
The principal activities of the company continued to be that of investment activities.

2.Accounting policies

 
2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with FRS 102 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland' and the requirements of the Companies Act 2006. 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 following principal accounting policies have been applied:

 
2.2

Going concern

The financial statements have been prepared on the going concern basis despite the net liabilities due to the support of the group.

 
2.3

Revenue

Revenue comprises of interest receivable on amounts loaned to group undertakings.

 
2.4

Valuation of investments

Investments in unlisted Company shares, whose market value can be reliably determined, are remeasured to market value at each balance sheet date. Gains and losses on remeasurement are recognised in the Statement of Income and Retained Earnings for the period. Where market value cannot be reliably determined, such investments are stated at historic cost less impairment.

 
2.5

Associates and joint ventures

Associates and Joint Ventures are held at cost less impairment.

 
2.6

Cash and cash equivalents

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.

 
2.7

Creditors

Short-term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

Page 3

 
FALCO HAYLE LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 OCTOBER 2024

3.


Employees




The average monthly number of employees, including directors, during the year was 2 (2023 -2).


4.


Fixed asset investments





Investments in associates

£



Cost or valuation


At 1 November 2023
29,618



At 31 October 2024

29,618



Impairment


Charge for the period
29,618



At 31 October 2024

29,618



Net book value



At 31 October 2024
-


5.


Debtors

2024
2023
£
£

Due after more than one year

Amounts owed by group undertakings
-
3,680,554

-
3,680,554



6.


Cash and cash equivalents

2024
2023
£
£

Cash at bank and in hand
26,362
27,527

26,362
27,527


Page 4

 
FALCO HAYLE LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 OCTOBER 2024

7.


Creditors: Amounts falling due within one year

2024
2023
£
£

Accruals and deferred income
900
2,500

900
2,500



8.


Creditors: Amounts falling due after more than one year

2024
2023
£
£

Other creditors
5,433,679
3,680,554

5,433,679
3,680,554


There are fixed charges and negative pledges charged against the company in favour of Falco Investors Agent Limited and Paragon Development Finance Limited.

 
Page 5