Registration number: 03945467

RJ & RL Hall Limited

Contents

Company Information	1
Balance Sheet	2
Notes to the Unaudited Financial Statements	3 to 7

RJ & RL Hall Limited

Company Information

Directors

R J Hall R L Hall

Registered office

The Lookout Roman Bank Ingoldmells Skegness Lincolnshire PE25 1JB

RJ & RL Hall Limited

(Registration number: 03945467)
Balance Sheet as at 31 December 2024

	Note	2024 £	2023 £
Fixed assets
Tangible assets	5	3,143,786	2,515,647
Current assets
Stocks	6	69,581	68,892
Debtors	7	87,794	53,396
Cash at bank and in hand		950,609	1,546,669
		1,107,984	1,668,957
Creditors: Amounts falling due within one year	8	(199,668)	(275,242)
Net current assets		908,316	1,393,715
Total assets less current liabilities		4,052,102	3,909,362
Provisions for liabilities		(75,279)	(48,552)
Net assets		3,976,823	3,860,810
Capital and reserves
Called up share capital		100	100
Retained earnings		3,976,723	3,860,710
Shareholders' funds		3,976,823	3,860,810

For the financial year ending 31 December 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.

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 29 September 2025 and signed on its behalf by:
 

......................................... R J Hall Director

......................................... R L Hall Director

RJ & RL Hall Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2024

1	General information

The company is a private company limited by share capital incorporated in England and Wales and the company registration number is 03945467.

The address of its registered office is:
The Lookout
Roman Bank
Ingoldmells
Skegness
Lincolnshire
PE25 1JB

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 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 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.

The financial statements are presented in sterling and are rounded to the nearest pound.

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 current and deferred 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.

Deferred income tax is recognised on temporary differences arising between the tax bases of assets and liabilities and their carrying amounts in the financial statements and on unused tax losses or tax credits in the Company. Deferred income tax is determined using tax rates and laws that have been enacted or substantively enacted by the reporting date.

The carrying amount of deferred tax assets are reviewed at each reporting date and a valuation allowance is set up against deferred tax assets so that the net carrying amount equals the highest amount that is more likely than not to be recovered based on current or future taxable profit.

RJ & RL Hall Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2024

Tangible assets

Tangible assets are stated in the statement of financial position 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
Land and buildings	nil - 5% reducing balance
Plant and machinery	15% reducing balance
Office equipment	15% reducing balance
Furniture and fittings	15% reducing balance
Amusement machines	30% reducing balance
Motor vehicles	25% reducing balance

Goodwill

Goodwill arising on the acquisition of an entity represents the excess of the cost of acquisition over the Company’s interest in the net fair value of the identifiable assets, liabilities and contingent liabilities of the entity recognised at the date of acquisition. Goodwill is initially recognised as an asset at cost and is subsequently measured at cost less accumulated amortisation and accumulated impairment losses. Goodwill is held in the currency of the acquired entity and revalued to the closing rate at each reporting period date. Goodwill is amortised over its useful life, which shall not exceed ten years if a reliable estimate of the useful life cannot be made.

Amortisation

Amortisation is provided on intangible assets so as to write off the cost, less any estimated residual value, over their useful life as follows:

Asset class	Amortisation method and rate
Goodwill	10 years straight line

Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first-in, first-out (FIFO) method.

The cost of finished goods and work in progress comprises direct materials and, where applicable, direct labour costs and those overheads that have been incurred in bringing the inventories to their present location and condition. At each reporting date, stocks are assessed for impairment. If stocks are impaired, the carrying amount is reduced to its selling price less costs to complete and sell; the impairment loss is recognised immediately in profit or loss.

RJ & RL Hall Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2024

Borrowings

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.

Leases

Leases in which substantially all the risks and rewards of ownership are retained by the lessor are classified as operating leases. Payments made under operating leases are charged to profit or loss on a straight-line basis over the period of the lease.

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.

Dividends

Dividend distribution to the Company’s shareholders is recognised as a liability in the financial statements in the reporting period in which the dividends are declared.

Defined contribution pension obligation

A defined contribution plan is a pension plan under which fixed contributions are paid into a pension fund and the Company has no legal or constructive obligation to pay further contributions even if the fund does not hold sufficient assets to pay all employees the benefits relating to employee service in the current and prior periods.

Contributions to defined contribution plans are recognised as employee benefit expense when they are due. If contribution payments exceed the contribution due for service, the excess is recognised as a prepayment.

3	Staff numbers

The average number of persons employed by the Company (including Directors) during the year, was 78 (2023 - 74).

RJ & RL Hall Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2024

4	Intangible assets

	Goodwill  £	Total £
Cost or valuation
At 1 January 2024	30,000	30,000
At 31 December 2024	30,000	30,000
Amortisation
At 1 January 2024	30,000	30,000
At 31 December 2024	30,000	30,000
Carrying amount
At 31 December 2024	-	-

5	Tangible assets

	Land and buildings £	Furniture, fittings and equipment  £	Motor vehicles  £	Other tangible fixed assets £	Total £
Cost or valuation
At 1 January 2024	3,001,008	491,401	76,693	1,181,576	4,750,678
Additions	681,657	6,490	104,943	22,405	815,495
Disposals	-	(8,060)	(61,723)	(4,870)	(74,653)
At 31 December 2024	3,682,665	489,831	119,913	1,199,111	5,491,520
Depreciation
At 1 January 2024	661,948	429,189	55,053	1,088,841	2,235,031
Charge for the year	117,868	11,456	7,882	32,863	170,069
Eliminated on disposal	-	(6,696)	(46,835)	(3,835)	(57,366)
At 31 December 2024	779,816	433,949	16,100	1,117,869	2,347,734
Carrying amount
At 31 December 2024	2,902,849	55,882	103,813	81,242	3,143,786
At 31 December 2023	2,339,060	62,212	21,640	92,735	2,515,647

Included within the net book value of land and buildings above is £2,785,242 (2023 - £2,249,104) in respect of freehold land and buildings and £117,607 (2023 - £89,956) in respect of long leasehold land and buildings.
 

6

Stocks

	2024 £	2023 £
Other inventories	69,581	68,892

RJ & RL Hall Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2024

7

Debtors

	2024 £	2023 £
Prepayments	67,128	32,730
Other debtors	20,666	20,666
	87,794	53,396

8

Creditors

Creditors: amounts falling due within one year

	Note	2024 £	2023 £
Due within one year
Loans and borrowings		34	34
Trade creditors		26,981	32,281
Taxation and social security		138,127	200,215
Accruals and deferred income		25,123	37,992
Other creditors		9,403	4,720
		199,668	275,242

9	Related party transactions

Transactions with Directors

2024	At 1 January 2024 £	Advances to Director £	Repayments by Director £	At 31 December 2024 £
R J Hall
Interest free loan	17	(40,020)	40,020	17
R L Hall
Interest free loan	17	(40,020)	40,020	17

2023	At 1 January 2023 £	Advances to Director £	Repayments by Director £	At 31 December 2023 £
R J Hall
Interest free loan	78	(91,081)	91,020	17
R L Hall
Interest free loan	78	(91,081)	91,020	17