Caseware UK (AP4) 2024.0.164 2024.0.164 2025-04-012025-04-012024-04-02falseNo description of principal activity33truetrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.false 00820338 2024-04-02 2025-04-01 00820338 2023-04-02 2024-04-01 00820338 2025-04-01 00820338 2024-04-01 00820338 c:Director4 2024-04-02 2025-04-01 00820338 d:FurnitureFittings 2024-04-02 2025-04-01 00820338 d:FurnitureFittings 2025-04-01 00820338 d:FurnitureFittings 2024-04-01 00820338 d:FurnitureFittings d:OwnedOrFreeholdAssets 2024-04-02 2025-04-01 00820338 d:FreeholdInvestmentProperty 2025-04-01 00820338 d:FreeholdInvestmentProperty 2024-04-01 00820338 d:FreeholdInvestmentProperty 2 2024-04-02 2025-04-01 00820338 d:CurrentFinancialInstruments 2025-04-01 00820338 d:CurrentFinancialInstruments 2024-04-01 00820338 d:CurrentFinancialInstruments d:WithinOneYear 2025-04-01 00820338 d:CurrentFinancialInstruments d:WithinOneYear 2024-04-01 00820338 d:ShareCapital 2025-04-01 00820338 d:ShareCapital 2024-04-01 00820338 d:RetainedEarningsAccumulatedLosses 2024-04-02 2025-04-01 00820338 d:RetainedEarningsAccumulatedLosses 2025-04-01 00820338 d:RetainedEarningsAccumulatedLosses 2024-04-01 00820338 c:FRS102 2024-04-02 2025-04-01 00820338 c:AuditExempt-NoAccountantsReport 2024-04-02 2025-04-01 00820338 c:FullAccounts 2024-04-02 2025-04-01 00820338 c:PrivateLimitedCompanyLtd 2024-04-02 2025-04-01 00820338 2 2024-04-02 2025-04-01 00820338 f:PoundSterling 2024-04-02 2025-04-01 iso4217:GBP xbrli:pure

Registered number: 00820338










HALLWOOD PROPERTIES LIMITED








UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 1 APRIL 2025

 
HALLWOOD PROPERTIES LIMITED
REGISTERED NUMBER: 00820338

BALANCE SHEET
AS AT 1 APRIL 2025

2025
2020
Note
£
£

Fixed assets
  

Tangible assets
 4 
70
82

Investment property
 5 
338,000
175,000

  
338,070
175,082

Current assets
  

Debtors: amounts falling due within one year
 6 
463,235
475,987

Current asset investments
 7 
175,402
173,657

Cash at bank and in hand
 8 
14,525
96,178

  
653,162
745,822

Creditors: amounts falling due within one year
 9 
(132,536)
(244,286)

Net current assets
  
 
 
520,626
 
 
501,536

Total assets less current liabilities
  
858,696
676,618

Provisions for liabilities
  

Deferred tax
  
(67,004)
(26,860)

  
 
 
(67,004)
 
 
(26,860)

Net assets
  
791,692
649,758


Capital and reserves
  

Called up share capital 
  
100
100

Profit and loss account
 10 
791,592
649,658

  
791,692
649,758


Page 1

 
HALLWOOD PROPERTIES LIMITED
REGISTERED NUMBER: 00820338

BALANCE SHEET (CONTINUED)
AS AT 1 APRIL 2025

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 on 24 July 2025.




C. Lee
Director

The notes on pages 3 to 8 form part of these financial statements.

Page 2

 
HALLWOOD PROPERTIES LIMITED
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 1 APRIL 2025

1.


General information

The company is a private company limited by shares and was incorporated in England & Wales. The registered office is:
4 Chester Court,
Chester Hall Lane,
Basildon,
Essex,
SS14 3WR.

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

Interest income

Interest income is recognised in profit or loss using the effective interest method.

 
2.3

Finance costs

Finance costs are charged to profit or loss over the term of the debt using the effective interest method so that the amount charged is at a constant rate on the carrying amount. Issue costs are initially recognised as a reduction in the proceeds of the associated capital instrument.

 
2.4

Current and deferred taxation

The tax expense for the year comprises current and deferred tax. Tax is recognised in profit or loss except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the balance sheet date in the countries where the Company operates and generates income.

Deferred tax balances are recognised in respect of all timing differences that have originated but not reversed by the balance sheet date, except that:
The recognition of deferred tax assets is limited to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits; and
Any deferred tax balances are reversed if and when all conditions for retaining associated tax allowances have been met.

Deferred tax balances are not recognised in respect of permanent differences except in respect of business combinations, when deferred tax is recognised on the differences between the fair values of assets acquired and the future tax deductions available for them and the differences between the fair values of liabilities acquired and the amount that will be assessed for tax. Deferred tax is determined using tax rates and laws that have been enacted or substantively enacted by the balance sheet date.


Page 3

 
HALLWOOD PROPERTIES LIMITED
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 1 APRIL 2025

2.Accounting policies (continued)

 
2.5

Tangible fixed assets

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, on a reducing balance basis.

Depreciation is provided on the following basis:

Fixtures, fittings and equipment
-
15% reducing balance

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.

 
2.6

Investment property

Investment property is carried at fair value determined annually by the directors and derived from the current market rents and investment property yields for comparable real estate, adjusted if necessary for any difference in the nature, location or condition of the specific asset. No depreciation is provided. Changes in fair value are recognised in the Statement of income and retained earnings.

Investment property is carried at fair value determined annually by external valuers and derived from the current market rents and investment property yields for comparable real estate, adjusted if necessary for any difference in the nature, location or condition of the specific asset. No depreciation is provided. Changes in fair value are recognised in profit or loss.

 
2.7

Debtors

Short-term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

 
2.8

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.

 
2.9

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 4

 
HALLWOOD PROPERTIES LIMITED
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 1 APRIL 2025

2.Accounting policies (continued)

 
2.10

Provisions for liabilities

Provisions are recognised when an event has taken place that gives rise to a legal or constructive obligation, a transfer of economic benefits is probable and a reliable estimate can be made.
Provisions are measured as the best estimate of the amount required to settle the obligation, taking into account the related risks and uncertainties.
 
Increases in provisions are generally charged as an expense to profit or loss.


3.


Employees

The average monthly number of employees, including directors, during the year was 3 (2024 - 3).


4.


Tangible fixed assets





Fixtures, fittings and equipment

£



Cost or valuation


At 2 April 2024
2,335



At 1 April 2025

2,335



Depreciation


At 2 April 2024
2,253


Charge for the year on owned assets
12



At 1 April 2025

2,265



Net book value



At 1 April 2025
70



At 1 April 2020
82

Page 5

 
HALLWOOD PROPERTIES LIMITED
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 1 APRIL 2025

5.


Investment property


Freehold investment property

£



Valuation


At 2 April 2024
175,000


Surplus on revaluation
163,000



At 1 April 2025
338,000

The 2025 valuations were made by the directors, on an open market value for existing use basis.



If the Investment properties had been accounted for under the historic cost accounting rules, the properties would have been measured as follows:

2025
2020
£
£


Historic cost
53,397
53,397

53,397
53,397


6.


Debtors

2025
2020
£
£


Trade debtors
276
28

Other debtors
462,959
475,959

463,235
475,987


Page 6

 
HALLWOOD PROPERTIES LIMITED
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 1 APRIL 2025

7.


Current asset investments

2025
2020
£
£

Listed investments
175,402
173,657

175,402
173,657


2025
2020
£
£


Opening fair value
173,657
159,956

Purchases
29,938
38,395

Sales
(25,779)
(38,260)

Gains/(Losses) on remeasurement to fair value
(2,414)
13,566

Market value
175,402
173,657




8.


Cash and cash equivalents

2025
2020
£
£

Cash at bank and in hand
14,525
96,178

14,525
96,178



9.


Creditors: Amounts falling due within one year

2025
2020
£
£

Trade creditors
1,141
600

Corporation tax
3,210
4,001

Other creditors
127,185
239,685

Accruals and deferred income
1,000
-

132,536
244,286



10.


Reserves

Profit and loss account

The profit and loss account comprises the retained profits and losses of the company. Included within this reserve is £244,452 (2024 £118,042) relating to the fair value adjustment of the investment property and current asset investments, net of potential deferred tax thereon, which is undistributable.

Page 7

 
HALLWOOD PROPERTIES LIMITED
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 1 APRIL 2025

11.


Related party transactions

Other debtors in the amount of £462,959 (2024 £475,959) relates to a company in which the directors of this company are also directors and shareholders. 


Page 8