REGISTERED NUMBER: 03049724 (England and Wales)

HALLHOME DEVELOPMENTS LIMITED

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 OCTOBER 2024

Page

Company Information

1

Statement of Financial Position

2

Notes to the Financial Statements

3

to

5

Accountants' Report

6

DIRECTORS:

L M Hall

W J Hall

REGISTERED OFFICE:

c/o East Park Leisure Ltd

Trunch Lane

Chapel St Leonards

Skegness

Lincolnshire

PE24 5UA

REGISTERED NUMBER:

03049724 (England and Wales)

ACCOUNTANTS:

Duncan & Toplis Limited

27-29 Lumley Avenue

Skegness

Lincolnshire

PE25 2AT

BANKERS:

Lloyds Bank

51 Lumley Road

Skegness

Lincolnshire

PE253LP

FIXED ASSETS

Investment property

4

2,232,308

2,232,308

CURRENT ASSETS

Debtors

5

599,793

640,401

Cash at bank

174,951

173,404

774,744

813,805

CREDITORS

Amounts falling due within one year

6

460,107

512,225

NET CURRENT ASSETS

314,637

301,580

TOTAL ASSETS LESS CURRENT LIABILITIES

2,546,945

2,533,888

CREDITORS

Amounts falling due after more than one year

7

(1,090,000

)

(1,080,559

)

PROVISIONS FOR LIABILITIES

(120,642

)

(120,642

)

NET ASSETS

1,336,303

1,332,687

CAPITAL AND RESERVES

Called up share capital

9

100

100

Revaluation reserve

10

514,315

514,315

Retained earnings

821,888

818,272

SHAREHOLDERS' FUNDS

1,336,303

1,332,687

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 October 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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved and authorised for issue by the Board of Directors and authorised for issue on 27 August 2025 and were signed on its behalf by:

L M Hall - Director

1.	STATUTORY INFORMATION

Hallhome Developments Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

The presentation currency of the financial statements is the 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.

Investment property

Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

Financial instruments

The company has chosen to adopt the FRS102 1A in respect of financial instruments.

Basic financial assets, including trade and other debtors and cash and bank balances are initially recognised at transaction price, unless the arrangement constitute a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest.

At the end of each reporting period, financial assets measured at amortised cost are assessed for objective evidence of impairment. If an asset is impaired, the impairment loss is the difference between the carrying amount and the present value of the estimated cash flows discounted at the asset's original effective interest rate. The impairment loss is recognised in the income statement.

Debt instruments are subsequently carried at amortised cost, using the effective interest rate method.

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities. Trade creditors are recognised initially at transaction price and subsequently measured at amortised cost using the effective interest method.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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 statement of financial position date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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 2 (2023 - 2 ) .

4.	INVESTMENT PROPERTY

Total

£

FAIR VALUE

At 1 November 2023

and 31 October 2024

2,232,308

NET BOOK VALUE

At 31 October 2024

2,232,308

At 31 October 2023

2,232,308

Fair value at 31 October 2024 is represented by:

£

Valuation in 2001

170,000

Valuation in 2014

464,957

Cost

1,597,351

2,232,308

If investment property had not been revalued it would have been included at the following historical cost:

2024

2023

£

£

Cost

1,677,682

1,677,682

Investment property was valued on an open market basis on 31 October 2014 by the directors .

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023

£

£

Trade debtors

2,187

1,491

Other debtors

597,606

638,910

599,793

640,401

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023

£

£

Bank loans and overdrafts

-

14,494

Trade creditors

5,980

22,240

Taxation and social security

15,059

31,712

Other creditors

439,068

443,779

460,107

512,225

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2024

2023

£

£

Bank loans

1,090,000

1,080,559

Amounts falling due in more than five years:

Repayable by instalments

Bank loans - over 5 years

1,090,000

1,046,748

8.	SECURED DEBTS

The following secured debts are included within creditors:

2024

2023

£

£

Bank loans

1,090,000

1,095,053

The bank loans are secured against the company's freehold properties.

9.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2024

2023

value:

£

£

24

A Ordinary

£1

24

24

76

B Ordinary

£1

76

76

100

100

10.

RESERVES

Revaluation

reserve

£

At 1 November 2023

and 31 October 2024

514,315

11.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The company has provided an interest free loan of £258,035 to the directors (2023: £253,506).

12.	RELATED PARTY DISCLOSURES

Included in these financial statements is the company's share of income and expenditure from a rental partnership, Regalshield Limited.

The following reproduces the text of the report prepared for the directors in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Statement of Financial Position. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Directors are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Hallhome Developments Limited for the year ended 31 October 2024 which comprise the Statement of Income and Retained Earnings, Statement of Financial Position and the related notes from the company's accounting records and from information and explanations you have given us.

This report is made solely to the Board of Directors of Hallhome Developments Limited, as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Hallhome Developments Limited and state those matters that we have agreed to state to the Board of Directors of Hallhome Developments Limited, as a body, in this report. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the company and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that Hallhome Developments Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Hallhome Developments Limited. You consider that Hallhome Developments Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of Hallhome Developments Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.

Duncan & Toplis Limited

27-29 Lumley Avenue

Skegness

Lincolnshire

PE25 2AT

29 August 2025