3 3 Halo Investments Group Ltd 09038871 false 2023-05-01 2024-04-30 2024-04-30 The principal activity of the company is Buying and selling of own real estate Digita Accounts Production Advanced 6.30.9574.0 true 09038871 2023-05-01 2024-04-30 09038871 2024-04-30 09038871 core:FinancialAssetsCostLessImpairment core:Non-currentFinancialInstruments 2024-04-30 09038871 core:CurrentFinancialInstruments 2024-04-30 09038871 core:CurrentFinancialInstruments core:WithinOneYear 2024-04-30 09038871 core:Non-currentFinancialInstruments core:AfterOneYear 2024-04-30 09038871 core:FurnitureFittings 2024-04-30 09038871 core:LandBuildings core:LongLeaseholdAssets 2024-04-30 09038871 core:LandBuildings core:OwnedOrFreeholdAssets 2024-04-30 09038871 bus:SmallEntities 2023-05-01 2024-04-30 09038871 bus:AuditExemptWithAccountantsReport 2023-05-01 2024-04-30 09038871 bus:FilletedAccounts 2023-05-01 2024-04-30 09038871 bus:SmallCompaniesRegimeForAccounts 2023-05-01 2024-04-30 09038871 bus:RegisteredOffice 2023-05-01 2024-04-30 09038871 bus:Director1 2023-05-01 2024-04-30 09038871 bus:Director2 2023-05-01 2024-04-30 09038871 bus:Director3 2023-05-01 2024-04-30 09038871 bus:PrivateLimitedCompanyLtd 2023-05-01 2024-04-30 09038871 bus:Agent1 2023-05-01 2024-04-30 09038871 core:FurnitureFittings 2023-05-01 2024-04-30 09038871 core:LandBuildings core:LongLeaseholdAssets 2023-05-01 2024-04-30 09038871 core:LandBuildings core:OwnedOrFreeholdAssets 2023-05-01 2024-04-30 09038871 core:LeaseholdImprovements 2023-05-01 2024-04-30 09038871 countries:England 2023-05-01 2024-04-30 09038871 2023-04-30 09038871 core:FurnitureFittings 2023-04-30 09038871 core:LandBuildings core:LongLeaseholdAssets 2023-04-30 09038871 core:LandBuildings core:OwnedOrFreeholdAssets 2023-04-30 09038871 2022-05-01 2023-04-30 09038871 2023-04-30 09038871 core:CurrentFinancialInstruments 2023-04-30 09038871 core:CurrentFinancialInstruments core:WithinOneYear 2023-04-30 09038871 core:Non-currentFinancialInstruments core:AfterOneYear 2023-04-30 09038871 core:FurnitureFittings 2023-04-30 09038871 core:LandBuildings core:LongLeaseholdAssets 2023-04-30 09038871 core:LandBuildings core:OwnedOrFreeholdAssets 2023-04-30 xbrli:pure iso4217:GBP

Registration number: 09038871

Halo Investments Group Ltd

Unaudited Filleted Abridged Financial Statements

for the Year Ended 30 April 2024

 

Halo Investments Group Ltd

Contents

Company Information

1

Abridged Balance Sheet

2 to 3

Notes to the Unaudited Abridged Financial Statements

4 to 7

 

Halo Investments Group Ltd

Company Information

Directors

Mr Robert Cameron Hubball

Mr Richard Jordan Hubball

Mr Simon Stephen Blower

Registered office

Blyth House
130 Hordern Road
Wolverhampton
West Midlands
WV6 0HS

Accountants

Onyx Accountants Limited
Chartered Management AccountantsOnyx House
12 Phoenix Business Park
Avenue Close
Birmingham
West Midlands
B7 4NU

 

Halo Investments Group Ltd

(Registration number: 09038871)
Abridged Balance Sheet as at 30 April 2024

Note

2024
£

2023
£

Fixed assets

 

Tangible assets

4

1,192,905

1,195,957

Other financial assets

5

200,300

200,300

 

1,393,205

1,396,257

Current assets

 

Debtors

6

830,878

618,246

Cash at bank and in hand

 

143

16

 

831,021

618,262

Creditors: Amounts falling due within one year

(243,460)

(231,350)

Net current assets

 

587,561

386,912

Total assets less current liabilities

 

1,980,766

1,783,169

Creditors: Amounts falling due after more than one year

(1,371,851)

(1,165,864)

Provisions for liabilities

(95,374)

(95,374)

Accruals and deferred income

 

(2,100)

(2,100)

Net assets

 

511,441

519,831

Capital and reserves

 

Called up share capital

300

300

Other reserves

492,845

492,845

Retained earnings

18,296

26,686

Shareholders' funds

 

511,441

519,831

For the financial year ending 30 April 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 13 September 2024 and signed on its behalf by:
 

 

Halo Investments Group Ltd

(Registration number: 09038871)
Abridged Balance Sheet as at 30 April 2024

.........................................
Mr Simon Stephen Blower
Director

 

Halo Investments Group Ltd

Notes to the Unaudited Abridged Financial Statements for the Year Ended 30 April 2024

1

General information

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

The address of its registered office is:
Blyth House
130 Hordern Road
Wolverhampton
West Midlands
WV6 0HS
England

These financial statements were authorised for issue by the Board on 13 September 2024.

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.

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 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.

 

Halo Investments Group Ltd

Notes to the Unaudited Abridged Financial Statements for the Year Ended 30 April 2024

Deferred tax is recognised in respect of all timing differences between taxable profits and profits reported in the financial statements.

Unrelieved tax losses and other deferred tax assets are recognised when it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference.

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 and fittings

15% on reducing balance

Refurbishment

10% on reducing balance

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.

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.

Borrowings

 

Halo Investments Group Ltd

Notes to the Unaudited Abridged Financial Statements for the Year Ended 30 April 2024

Interest-bearing borrowings are initially recorded at fair value, net of transaction costs. Interest-bearing borrowings are subsequently carried at amortised cost, with the difference between the proceeds, net of transaction costs, and the amount due on redemption being recognised as a charge to the profit and loss account over the period of the relevant borrowing.

Interest expense is recognised on the basis of the effective interest method and is included in interest payable and similar charges.

Borrowings are classified as current liabilities unless the company has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date.

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).

4

Tangible assets

Land and buildings
£

Long leasehold land and buildings
£

Fixtures and fittings
£

Total
£

Cost or valuation

At 1 May 2023

1,170,000

59,403

29,196

1,258,599

At 30 April 2024

1,170,000

59,403

29,196

1,258,599

Depreciation

At 1 May 2023

-

42,568

20,074

62,642

Charge for the year

-

1,684

1,368

3,052

At 30 April 2024

-

44,252

21,442

65,694

Carrying amount

At 30 April 2024

1,170,000

15,151

7,754

1,192,905

At 30 April 2023

1,170,000

16,835

9,122

1,195,957

Included within the net book value of land and buildings above is £1,170,000 (2023 - £1,170,000) in respect of freehold land and buildings and £15,151 (2023 - £16,835) in respect of long leasehold land and buildings.
 

 

Halo Investments Group Ltd

Notes to the Unaudited Abridged Financial Statements for the Year Ended 30 April 2024

5

Other financial assets (current and non-current)

Financial assets at cost less impairment
£

Total
£

Non-current financial assets

Cost or valuation

At 1 May 2023

200,300

200,300

At 30 April 2024

200,300

200,300

Impairment

Carrying amount

At 30 April 2024

200,300

200,300

6

Debtors

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