Halder Properties Limited - Accounts to registrar (filleted)

REGISTERED NUMBER: 08980405 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2024

FOR

HALDER PROPERTIES LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

Mr P Halder

Mrs E A Halder

Mr B I Halder

SECRETARY:

Mrs E A Halder

REGISTERED OFFICE:

24 Mill Street

Hutton Cranswick

Driffield

YO25 9PU

REGISTERED NUMBER:

08980405 (England and Wales)

ACCOUNTANTS:

Sowerby

Chartered Accountants

Beckside Court

Annie Reed Road

Beverley

East Yorkshire

HU17 0LF

FIXED ASSETS

Tangible assets

4

36,381

37,329

Investment property

5

1,825,000

1,752,836

1,861,381

1,790,165

CURRENT ASSETS

Debtors

6

9,235

13,134

Cash at bank

12,806

16,531

22,041

29,665

CREDITORS

Amounts falling due within one year

7

195,413

199,325

NET CURRENT LIABILITIES

(173,372

)

(169,660

)

TOTAL ASSETS LESS CURRENT
LIABILITIES

1,688,009

1,620,505

CREDITORS

Amounts falling due after more than one year

8

(482,042

)

(521,122

)

PROVISIONS FOR LIABILITIES

(151,727

)

(102,320

)

NET ASSETS

1,054,240

997,063

CAPITAL AND RESERVES

Called up share capital

3

Retained earnings

1,054,237

997,060

SHAREHOLDERS' FUNDS

1,054,240

997,063

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2024 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:

(a)	ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and

(b)

preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each 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.

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

In accordance with Section 444 of the Companies Act 2006, the Profit and Loss Account has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 19 June 2025 and were signed on its behalf by:

Mr B I Halder - Director

Mrs E A Halder - Director

1.	STATUTORY INFORMATION

Halder Properties Limited is a private company limited by shares and incorporated and domiciled in England. It has its registered office and principal place of business at Marazan 24 Mill Street, Hutton Cranswick, Driffield, East Yorkshire YO25 9PU.

The principal activity of the company is letting and operating of own or leased real estate.

The presentational currency of the financial statements is Pound Sterling (£).

2.	ACCOUNTING POLICIES

Basis of preparing the financial statements

These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention as modified by the revaluation of certain assets.

Having regard to liquidity risk, current market conditions and other factors affecting the company, the use of the going concern basis of accounting is appropriate as, in the opinion of the directors, there are no material uncertainties related to events or conditions that may cast significant doubt about the ability of the company to continue as a going concern.

The directors, having taken into the factors discussed above as well as the uncertainties of the current economic environment, have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future.

Turnover

Turnover is the amount derived from ordinary activities, measured at the fair value of the consideration received or receivable. Turnover excludes value added tax and trade discounts.

Turnover from services is recognised on completion of service, or when those services span the year end date, by reference to the stage of completion at the balance sheet date.

Sales are recognised at the point which the company has fulfilled its contractual obligations and the risks and rewards attached to the product, have been transferred to the customer.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off the cost less estimated residual value of each asset over its estimated useful life.

Plant and machinery etc

-

20% on cost

Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses.

Tangible fixed assets are measured under the revaluation model with changes in fair value recognised in other comprehensive income.

No depreciation is charged on freehold land.

Investment property

Investment property is included at fair value. Movement in fair value is recognised in the income statement. Deferred taxation is provided on these gains/losses at the rate expected to apply when the property is sold.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Profit and Loss Account, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

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

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 3 (2023 - 3 ) .

4.	TANGIBLE FIXED ASSETS

Freehold

Plant and

property

machinery

Totals

£

COST

At 1 January 2024

and 31 December 2024

25,009

14,215

39,224

DEPRECIATION

At 1 January 2024

-

1,895

Charge for year

-

948

At 31 December 2024

-

2,843

NET BOOK VALUE

At 31 December 2024

25,009

11,372

36,381

At 31 December 2023

25,009

12,320

37,329

5.	INVESTMENT PROPERTY

Total

£

FAIR VALUE

At 1 January 2024

1,752,836

Revaluations

72,164

At 31 December 2024

1,825,000

NET BOOK VALUE

At 31 December 2024

1,825,000

At 31 December 2023

1,752,836

Fair value at 31 December 2024 is represented by:

£

Valuation in 2024

595,533

Cost

1,229,467

1,825,000

Investment Property was valued on an open market basis on 19 February 2025 by Garness Jones .

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023

£

Other debtors

9,235

13,134

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023

£

Bank loans and overdrafts

82,687

Tax

8,422

9,640

VAT

3,710

13,317

CT61 creditor

-

546

Directors' current accounts

97,050

88,899

Accruals and deferred income

3,544

4,236

195,413

199,325

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2024

2023

£

Bank loans - 1-2 years

165,374

Bank loans - 2-5 years

316,668

355,748

482,042

521,122

9.	SECURED DEBTS

The following secured debts are included within creditors:

2024

2023

£

Bank loans

564,729

603,809

The bank loans are secured by fixed and floating charge over all of the company's assets and undertakings.

10.	RELATED PARTY DISCLOSURES

At the year end, the company owed the directors £97,050 in 2024 (2023 - £88,899) in respect of a current account balance.

Loans made by the directors are unsecured and repayable on demand. Interest of 5% is charged on this balance