BrightAccountsProduction v1.0.0 v1.0.0 2024-01-01 The company was not dormant during the period The company was trading for the entire period Unaudited Accounts The principal activity of the Company is the provision of estate agency services and related activities. The directors consider that this will continue unchanged for the foreseeable future. 14 May 2025 63 57 14772256 2024-12-31 14772256 2023-12-31 14772256 2022-12-31 14772256 2024-01-01 2024-12-31 14772256 2023-01-01 2023-12-31 14772256 uk-bus:PrivateLimitedCompanyLtd 2024-01-01 2024-12-31 14772256 uk-curr:PoundSterling 2024-01-01 2024-12-31 14772256 uk-bus:SmallCompaniesRegimeForAccounts 2024-01-01 2024-12-31 14772256 uk-bus:FullAccounts 2024-01-01 2024-12-31 14772256 uk-bus:Director1 2024-01-01 2024-12-31 14772256 uk-bus:Director2 2024-01-01 2024-12-31 14772256 uk-bus:RegisteredOffice 2024-01-01 2024-12-31 14772256 uk-bus:Agent1 2024-01-01 2024-12-31 14772256 uk-core:ShareCapital 2024-12-31 14772256 uk-core:ShareCapital 2023-12-31 14772256 uk-core:RetainedEarningsAccumulatedLosses 2024-12-31 14772256 uk-core:RetainedEarningsAccumulatedLosses 2023-12-31 14772256 uk-core:TotalEquityAttributableToOwnersParentBeforeNon-controllingInterests 2024-12-31 14772256 uk-core:TotalEquityAttributableToOwnersParentBeforeNon-controllingInterests 2023-12-31 14772256 uk-bus:FRS102 2024-01-01 2024-12-31 14772256 uk-core:FurnitureFittingsToolsEquipment 2024-01-01 2024-12-31 14772256 uk-core:MotorVehicles 2024-01-01 2024-12-31 14772256 uk-core:CurrentFinancialInstruments 2024-12-31 14772256 uk-core:CurrentFinancialInstruments 2023-12-31 14772256 uk-core:WithinOneYear 2024-12-31 14772256 uk-core:WithinOneYear 2023-12-31 14772256 uk-core:EmployeeBenefits 2023-12-31 14772256 uk-core:EmployeeBenefits 2024-01-01 2024-12-31 14772256 uk-core:AcceleratedTaxDepreciationDeferredTax 2024-12-31 14772256 uk-core:TaxLossesCarry-forwardsDeferredTax 2024-12-31 14772256 uk-core:OtherDeferredTax 2024-12-31 14772256 uk-core:RevaluationPropertyPlantEquipmentDeferredTax 2024-12-31 14772256 uk-core:EmployeeBenefits 2024-12-31 14772256 2024-01-01 2024-12-31 14772256 uk-bus:AuditExempt-NoAccountantsReport 2024-01-01 2024-12-31 xbrli:pure iso4217:GBP xbrli:shares
Company Registration Number: 14772256
 
 
AIG (HALO) Ltd
 
Unaudited Financial Statements
 
for the financial year ended 31 December 2024
AIG (HALO) Ltd
DIRECTORS AND OTHER INFORMATION

 
Directors Gregory Winston Young
Daniel Steven Kirk
 
 
Company Registration Number 14772256
 
 
Registered Office 32 Portland Terrace
Jesmond
Tyne and Wear
NE2 1QP
United Kingdom
 
 
Business Address 4 Chequer St
St Albans
Hertfordshire
AL1 3XZ
England
 
 
Bankers The Co-operative Bank
  P.O. Box 250
  Skelmersdale
  West Lancanshire
  WN8 6WT
  England



AIG (HALO) Ltd
Company Registration Number: 14772256
STATEMENT OF FINANCIAL POSITION
as at 31 December 2024

2024 2023
Notes £ £
 
Non-Current Assets
Property, plant and equipment 5 30,954 36,815
───────── ─────────
 
Current Assets
Debtors 6 402,819 203,953
Cash and cash equivalents 1,780,054 876,258
───────── ─────────
2,182,873 1,080,211
───────── ─────────
Creditors: amounts falling due within one year 7 (1,105,351) (652,329)
───────── ─────────
Net Current Assets 1,077,522 427,882
───────── ─────────
Total Assets less Current Liabilities 1,108,476 464,697
 
Provisions for liabilities 9 (7,739) (9,204)
───────── ─────────
Net Assets 1,100,737 455,493
═════════ ═════════
 
Capital and Reserves
Called up share capital 1 1
Retained earnings 1,100,736 455,492
───────── ─────────
Equity attributable to owners of the company 1,100,737 455,493
═════════ ═════════
 
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 company has taken advantage of the exemption under section 444 not to file the Income Statement and Directors' Report.
           
For the financial year ended 31 December 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006.
           
The directors confirm that the members have not required the company to obtain an audit of its financial statements for the financial year in question in accordance with section 476 of the Companies Act 2006.
           
The directors acknowledge their responsibilities for ensuring that the company keeps accounting records which comply with section 386 and for preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of the financial year and of its profit and loss for the 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.
           
Approved by the Board and authorised for issue on 14 May 2025 and signed on its behalf by
           
           
           
________________________________          
Gregory Winston Young          
Director          
           



AIG (HALO) Ltd
NOTES TO THE FINANCIAL STATEMENTS
for the financial year ended 31 December 2024

   
1. General Information
 
AIG (HALO) Ltd is a company limited by shares incorporated and registered in England. The registered number of the company is 14772256. The registered office of the company is 32 Portland Terrace, Jesmond, Tyne and Wear, NE2 1QP, United Kingdom. The nature of the company's operations and its principal activities are set out in the Directors' Report. The financial statements have been presented in Pound (£) which is also the functional currency of the company.
         
2. Summary of Significant Accounting Policies
 
The following accounting policies have been applied consistently in dealing with items which are considered material in relation to the company's financial statements.
 
Statement of compliance
The financial statements of the company for the financial year ended 31 December 2024 have been prepared in accordance with the provisions of FRS 102 Section 1A (Small Entities) and the Companies Act 2006.
 
Basis of preparation
The financial statements have been prepared on the going concern basis and in accordance with the historical cost convention. Historical cost is generally based on the fair value of the consideration given in exchange for assets.
 
Turnover
Turnover comprises the invoice value of services supplied by the company, exclusive of trade discounts and value added tax.
 
Property, plant and equipment and depreciation
Property, plant and equipment are stated at cost or at valuation, less accumulated depreciation. The charge to depreciation is calculated to write off the original cost or valuation of property, plant and equipment, less their estimated residual value, over their expected useful lives as follows:
 
  Fixtures, fittings and equipment - 33% Straight line
  Motor vehicles - 20% Straight line
 
The carrying values of tangible fixed assets are reviewed annually for impairment in periods if events or changes in circumstances indicate the carrying value may not be recoverable.
 
Leasing
Rentals payable under operating leases are dealt with in the Income Statement as incurred over the period of the rental agreement.
 
Trade and other debtors
Trade and other debtors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest method less impairment losses for bad and doubtful debts except where the effect of discounting would be immaterial. In such cases the receivables are stated at cost less impairment losses for bad and doubtful debts.
 
Cash and cash equivalents
Cash and cash equivalents comprise cash at bank and in hand, demand deposits with banks and other short-term highly liquid investments with original maturities of three months or less and bank overdrafts. In the Statement of Financial Position bank overdrafts are shown within Creditors.
 
Provisions
Provisions are recognised when the company has a present legal or constructive obligation arising as a result of a past event, it is probable that an outflow of economic benefits will be required to settle the obligation and a reliable estimate can be made. Provisions are measured at the present value of the expenditures expected to be required to settle the obligation using a pre-tax rate that reflects current market assessments of the same value of money and the risks specific to the obligation. The increase in the provision due to passage of time is recognised as interest expense.
 
Trade and other creditors
Trade and other creditors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest rate method, unless the effect of discounting would be immaterial, in which case they are stated at cost.
 
Related parties
For the purposes of these financial statements a party is considered to be related to the company if:
 
- the party has the ability, directly or indirectly, through one or more intermediaries to control the company or exercise significant influence over the company in making financial and operating policy decisions or has joint control over the company;
- the company and the party are subject to common control;
- the party is an associate of the company or forms part of a joint venture with the company;
- the party is a member of key management personnel of the company or the company's parent, or a close family member of such as an individual, or is an entity under the control, joint control or significant influence of such individuals;
- the party is a close family member of a party referred to above or is an entity under the control or significant influence of such individuals; or
- the party is a post-employment benefit plan which is for the benefit of employees of the company or of any entity that is a related party of the company.
 
Close family members of an individual are those family members who may be expected to influence, or be influenced by, that individual in their dealings with the company.
 
Taxation and deferred taxation
Current tax represents the amount expected to be paid or recovered in respect of taxable profits for the financial year and is calculated using the tax rates and laws that have been enacted or substantially enacted at the Statement of Financial Position date.

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date where transactions or events have occurred at that date that will result in an obligation to pay more tax in the future, or a right to pay less tax in the future. Timing differences are temporary differences between the company's taxable profits and its results as stated in the financial statements. Deferred tax is measured on an undiscounted basis at the tax rates that are anticipated to apply in the periods in which the timing differences are expected to reverse, based on tax rates and laws that have been enacted or substantively enacted by the Statement of Financial Position date.
 
Pensions
The company operates a defined contribution pension scheme for employees. The assets of the scheme are held separately from those of the company. Annual contributions payable to the company's pension scheme are charged to the Income Statement in the period to which they relate.
 
Ordinary share capital
The ordinary share capital of the company is presented as equity.
   
3. Period of financial statements
 
The comparative figures relate to the 9 month period ended 31 December 2023.
       
4. Employees
 
The average monthly number of employees, including directors, during the financial year was 63, (2023 - 57).
 
  2024 2023
  Number Number
 
Employees 63 57
  ═════════ ═════════
         
5. Property, plant and equipment
  Fixtures, Motor Total
  fittings and vehicles  
  equipment    
  £ £ £
Cost
At 1 January 2024 1,595 36,500 38,095
Additions 981 1,550 2,531
  ───────── ───────── ─────────
At 31 December 2024 2,576 38,050 40,626
  ───────── ───────── ─────────
Depreciation
At 1 January 2024 63 1,217 1,280
Charge for the financial year 859 7,533 8,392
  ───────── ───────── ─────────
At 31 December 2024 922 8,750 9,672
  ───────── ───────── ─────────
Net book value
At 31 December 2024 1,654 29,300 30,954
  ═════════ ═════════ ═════════
At 31 December 2023 1,532 35,283 36,815
  ═════════ ═════════ ═════════
       
6. Debtors 2024 2023
  £ £
 
Trade debtors 207,701 150,370
Amounts owed by connected parties (Note 11) 142,826 13,164
Prepayments and accrued income 52,292 40,419
  ───────── ─────────
  402,819 203,953
  ═════════ ═════════
       
7. Creditors 2024 2023
Amounts falling due within one year £ £
 
Trade creditors 69,851 121,236
Taxation  (Note 8) 634,812 371,205
Directors' current accounts 50,477 50,477
Other creditors 20,425 16,583
Accruals:
Pension accrual 8,358 6,569
Other accruals 321,428 86,259
  ───────── ─────────
  1,105,351 652,329
  ═════════ ═════════
       
8. Taxation 2024 2023
  £ £
 
Creditors:
VAT 201,669 162,534
Corporation tax 377,584 160,134
PAYE / NI 55,559 48,537
  ───────── ─────────
  634,812 371,205
  ═════════ ═════════
         
9. Provisions for liabilities
 
The amounts provided for deferred taxation are analysed below:
 
  Capital Total Total
  allowances    
       
    2024 2023
  £ £ £
 
At financial year start 9,204 9,204 9,204
Utilised during the financial year (1,465) (1,465) -
  ───────── ───────── ─────────
At financial year end 7,739 7,739 9,204
  ═════════ ═════════ ═════════
   
10. Pension costs - defined contribution
 
The company operates a defined contribution pension scheme.  The assets of the scheme are held separately from those of the company in an independently administered fund.  Pension costs amounted to £40,257 (2023 - £22,430).
       
11. Related party transactions
  Balance Balance
  2024 2023
  £ £
 
AIG (SLB) Ltd 50,980 4,373
AIG (AL) Ltd 40,519 4,834
AIG (KH) Ltd 49,314 2,957
AIG Property Holdings Ltd 2,013 1,000
  ───────── ─────────
  142,826 13,164
  ═════════ ═════════
 
In the opinion of the directors these amounts arise in the ordinary course of business and the terms of the amounts due are in accordance with the terms ordinarily offered by the company.