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Company No: 13625152 (England and Wales)

HALFPENNY COMMERCIAL LIMITED

Unaudited Financial Statements
For the financial year ended 31 March 2025
Pages for filing with the registrar

HALFPENNY COMMERCIAL LIMITED

Unaudited Financial Statements

For the financial year ended 31 March 2025

Contents

HALFPENNY COMMERCIAL LIMITED

BALANCE SHEET

As at 31 March 2025
HALFPENNY COMMERCIAL LIMITED

BALANCE SHEET (continued)

As at 31 March 2025
Note 2025 2024
£ £
Fixed assets
Tangible assets 3 0 307,116
0 307,116
Current assets
Debtors 4 0 825
Cash at bank and in hand 1,619 6,277
1,619 7,102
Creditors: amounts falling due within one year 5 ( 1,791) ( 5,138)
Net current (liabilities)/assets (172) 1,964
Total assets less current liabilities (172) 309,080
Creditors: amounts falling due after more than one year 6 0 ( 313,563)
Net liabilities ( 172) ( 4,483)
Capital and reserves
Called-up share capital 7 1 1
Profit and loss account ( 173 ) ( 4,484 )
Total shareholder's deficit ( 172) ( 4,483)

For the financial year ending 31 March 2025 the Company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

The financial statements of Halfpenny Commercial Limited (registered number: 13625152) were approved and authorised for issue by the Director. They were signed on its behalf by:

K Halfpenny
Director

28 July 2025

HALFPENNY COMMERCIAL LIMITED

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 31 March 2025
HALFPENNY COMMERCIAL LIMITED

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 31 March 2025
1. Accounting policies

The principal accounting policies are summarised below. They have all been applied consistently throughout the financial year and to the preceding financial year, unless otherwise stated.

General information and basis of accounting

Halfpenny Commercial Limited (the Company) is a private company, limited by shares, incorporated in the United Kingdom under the Companies Act 2006 and is registered in England and Wales. The address of the Company's registered office is 10 Woburn Walk, London, WC1H 0JL, United Kingdom.

The financial statements have been prepared under the historical cost convention, modified to include the revaluation of freehold properties and to include investment properties and certain items at fair value, and in accordance with Section 1A of Financial Reporting Standard 102 (FRS 102) ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland’ issued by the Financial Reporting Council and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.

The financial statements are presented in pounds sterling which is the functional currency of the Company and rounded to the nearest £.

Turnover

Turnover is recognised at the fair value of the consideration received or receivable for goods and services provided in the normal course of business, and is shown net of VAT and other sales related taxes. The fair value of consideration takes into account trade discounts, settlement discounts and volume rebates.

Turnover is recognised when the significant risks and rewards are considered to have been transferred to the customer.

Tangible fixed assets

Tangible fixed assets are stated at cost or valuation, net of depreciation and any provision for impairment. Depreciation is provided on all tangible fixed assets, other than investment property and freehold land, at rates calculated to write off the cost or valuation, less estimated residual value, of each asset on a straight-line or reducing balance basis over its expected useful life, as follows:

Land and buildings not depreciated
Plant and machinery etc. 5 years straight line

Residual value represents the estimated amount which would currently be obtained from disposal of an asset, after deducting estimated costs of disposal, if the asset were already of the age and in the condition expected at the end of its useful life.

The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to profit or loss.

2. Employees

2025 2024
Number Number
Monthly average number of persons employed by the Company during the year, including the director 1 1

3. Tangible assets

Land and buildings Plant and machinery etc. Total
£ £ £
Cost
At 01 April 2024 302,051 6,331 308,382
Disposals ( 302,051) ( 6,331) ( 308,382)
At 31 March 2025 0 0 0
Accumulated depreciation
At 01 April 2024 0 1,266 1,266
Charge for the financial year 0 1,266 1,266
Disposals 0 ( 2,532) ( 2,532)
At 31 March 2025 0 0 0
Net book value
At 31 March 2025 0 0 0
At 31 March 2024 302,051 5,065 307,116

4. Debtors

2025 2024
£ £
Trade debtors 0 825

5. Creditors: amounts falling due within one year

2025 2024
£ £
Trade creditors 0 1,509
Other creditors 1,791 3,629
1,791 5,138

6. Creditors: amounts falling due after more than one year

2025 2024
£ £
Amounts owed to Group undertakings 0 313,563

There are no amounts included above in respect of which any security has been given by the small entity.

7. Called-up share capital

2025 2024
£ £
Allotted, called-up and fully-paid
1 Ordinary share of £ 1.00 1 1

8. Related party transactions

Transactions with related parties
The company is taking advantage of the exemption from disclosing transactions with other members of the group.