REGISTERED NUMBER: 03182330 (England and Wales)

Financial Statements for the Year Ended 30 April 2025

for

Hallwhite Property Limited

Page

Company Information

1

Statement of Financial Position

2

Notes to the Financial Statements

4

DIRECTORS:

A J Revitt

C J Revitt

C M Peace

F M Peace

SECRETARY:

C J Revitt

REGISTERED OFFICE:

Copia House

Great Cliffe Court

Great Cliffe Road

Barnsley

South Yorkshire

S75 3SP

REGISTERED NUMBER:

03182330 (England and Wales)

ACCOUNTANTS:

SMH Reed Smith Ltd

Copia House

Great Cliffe Court

Great Cliffe Road

Barnsley

S75 3SP

FIXED ASSETS

Property, plant and equipment

4

1,719

1,910

Investment property

5

1,193,500

1,430,000

1,195,219

1,431,910

CURRENT ASSETS

Debtors

6

51,748

53,221

Cash at bank

25,490

26,377

77,238

79,598

CREDITORS

Amounts falling due within one year

7

21,613

28,954

NET CURRENT ASSETS

55,625

50,644

TOTAL ASSETS LESS CURRENT LIABILITIES

1,250,844

1,482,554

CREDITORS

Amounts falling due after more than one year

8

(549,363

)

(754,556

)

PROVISIONS FOR LIABILITIES

(92,948

)

(103,361

)

NET ASSETS

608,533

624,637

CAPITAL AND RESERVES

Called up share capital

4

4

Retained earnings

608,529

624,633

SHAREHOLDERS' FUNDS

608,533

624,637

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 April 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 April 2025 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 by the Board of Directors and authorised for issue on 21 August 2025 and were signed on its behalf by:

C M Peace - Director

F M Peace - Director

A J Revitt - Director

C J Revitt - Director

1.	STATUTORY INFORMATION

Hallwhite Property 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.

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.

Turnover

Revenue is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets

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

Fixtures, fittings & equipment

-

10% on reducing balance

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.

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 4 (2024 - 4 ) .

4.	PROPERTY, PLANT AND EQUIPMENT

Fixtures,

fittings

& equipment

£

COST

At 1 May 2024

and 30 April 2025

17,229

DEPRECIATION

At 1 May 2024

15,319

Charge for year

191

At 30 April 2025

15,510

NET BOOK VALUE

At 30 April 2025

1,719

At 30 April 2024

1,910

5.	INVESTMENT PROPERTY

Total

£

FAIR VALUE

At 1 May 2024

1,430,000

Additions

1,990

Disposals

(225,000

)

Revaluations

(13,490

)

At 30 April 2025

1,193,500

NET BOOK VALUE

At 30 April 2025

1,193,500

At 30 April 2024

1,430,000

Fair value at 30 April 2025 is represented by:

£

Valuation in 2014

523,835

Valuation in 2015

78,000

Valuation in 2018

33,074

Valuation in 2019

7,970

Valuation in 2020

138,000

Valuation in 2021

(4,852

)

Valuation in 2022

(9,313

)

Valuation in 2023

(2,907

)

Valuation in 2024

(120,000

)

Valuation in 2025

(13,490

)

Cost

563,183

1,193,500

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

2025

2024

£

£

Cost

563,183

773,629

Investment property was valued on an open market basis on 30 April 2025 by the directors .

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Rents receivable

5,384

8,809

Directors' current accounts

36,555

35,455

Section 419 tax

8,932

8,655

Other taxation and social security

193

218

Prepayments and other debtors

684

84

51,748

53,221

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Bank loans and overdrafts

7,092

16,785

Trade creditors

1,307

1,055

Taxation and social security

4,405

1,517

Other creditors

8,809

9,597

21,613

28,954

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2025

2024

£

£

Bank loans

549,363

754,556

Amounts falling due in more than five years:

Repayable by instalments

Bank loans due after more than 5 years

46,732

197,337

9.	SECURED DEBTS

The following secured debts are included within creditors:

2025

2024

£

£

Bank loans

556,455

771,341

10.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 30 April 2025 and 30 April 2024:

2025

2024

£

£

C M Peace and F M Peace

Balance outstanding at start of year

15,988

15,788

Amounts advanced

550

200

Amounts repaid

-

-

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

16,538

15,988

A J Revitt and C J Revitt

Balance outstanding at start of year

19,467

18,846

Amounts advanced

550

621

Amounts repaid

-

-

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

20,017

19,467