Addison Properties (Halifax) Limited Filleted accounts for Companies House (small and micro)

COMPANY REGISTRATION NUMBER: 09833893

ADDISON PROPERTIES (HALIFAX) LIMITED

FILLETED UNAUDITED FINANCIAL STATEMENTS

31 October 2024

ADDISON PROPERTIES (HALIFAX) LIMITED

FINANCIAL STATEMENTS

YEAR ENDED 31 OCTOBER 2024

Contents	Page

Statement of financial position	1

Notes to the financial statements	3

ADDISON PROPERTIES (HALIFAX) LIMITED

STATEMENT OF FINANCIAL POSITION

31 October 2024

	2024		2023
Note	£	£	£	£

CURRENT ASSETS

Stocks	4	331,628	325,448
Debtors	5	191,300	190,416
Cash at bank and in hand		106	982
		----------	----------
		523,034	516,846

CREDITORS: amounts falling due within one year	6	185,264		169,342
		----------		----------
NET CURRENT ASSETS			337,770		347,504
			----------		----------
TOTAL ASSETS LESS CURRENT LIABILITIES			337,770		347,504

CREDITORS: amounts falling due after more than one year	7	468,122	442,712
		----------	----------
NET LIABILITIES		( 130,352)	( 95,208)
		----------	----------

ADDISON PROPERTIES (HALIFAX) LIMITED

STATEMENT OF FINANCIAL POSITION (continued)

31 October 2024

	2024		2023
Note	£	£	£	£

CAPITAL AND RESERVES

Called up share capital	8	100	100
Profit and loss account		( 130,452)	( 95,308)
		----------	---------
SHAREHOLDERS DEFICIT		( 130,352)	( 95,208)
		----------	---------

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.

In accordance with section 444 of the Companies Act 2006, the statement of income and retained earnings has not been delivered.

For the year ending 31 October 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

- The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476 ;

- The director acknowledges her responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .

These financial statements were approved by the board of directors and authorised for issue on 30 September 2025 , and are signed on behalf of the board by:

Miss E L Addison
Director

Company registration number: 09833893

ADDISON PROPERTIES (HALIFAX) LIMITED

NOTES TO THE FINANCIAL STATEMENTS

YEAR ENDED 31 OCTOBER 2024

1. GENERAL INFORMATION

The company is a private company limited by shares, registered in England and Wales. The address of the registered office is 55 Pellon Lane, Halifax, West Yorkshire, HX1 5SP.

2. STATEMENT OF COMPLIANCE

These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.

3. ACCOUNTING POLICIES

Basis of preparation

The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.

The financial statements are prepared in sterling, which is the functional currency of the entity.

Going concern

The continuation of the company's activities is dependent on the continuing financial support of the loan creditor, director and other creditors. The director has confirmed that in their opinion, this financial support will continue and therefore the financial statements have been prepared on the going concern basis.

Judgements and key sources of estimation uncertainty

The preparation of the financial statements requires management to make judgements, estimates and assumptions that affect the amounts reported. These estimates and judgements are continually reviewed and are based on experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances. There are not considered to be any judgements or accounting estimates or assumptions that have a significant impact on the financial statements.

Work in progress

Work in progress in relation to property in the course of construction is valued on the basis of direct costs plus attributable overheads based on normal level of activity. Provision is made for any foreseeable losses where appropriate. No element of profit is included in the valuation of this work in progress.

Financial instruments

The company only has financial assets and financial liabilities of a kind that qualify as basic financial instruments. Basic financial instruments are initially recognised at transaction value and subsequently measured at their settlement value with the exception of bank loans which are subsequently measured at amortised cost using the effective interest method.

4. STOCKS

	2024	2023
	£	£
Stock of land and work in progress	331,628	325,448
	----------	----------

5. DEBTORS

	2024	2023
	£	£
Other debtors	190,000	190,000
Other debtors	1,300	416
	----------	----------
	191,300	190,416
	----------	----------

6. CREDITORS: amounts falling due within one year

	2024	2023
	£	£
Bank loans and overdrafts	4,999	5,000
Accruals and deferred income	3,020	2,060
Director loan accounts	177,245	162,282
	----------	----------
	185,264	169,342
	----------	----------

7. CREDITORS: amounts falling due after more than one year

	2024	2023
	£	£
Bank loans and overdrafts	3,281	8,281
Other loan	464,841	434,431
	----------	----------
	468,122	442,712
	----------	----------

The following liabilities disclosed under creditors falling due after more than one year are secured by the company:

	2024	2023
	£	£
Other loan	464,841	434,431
	----------	----------

8. CALLED UP SHARE CAPITAL

Issued, called up and fully paid

	2024		2023
	No.	£	No.	£
Ordinary shares of £ 1 each	100	100	100	100
	----	----	----	----

9. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The director's loan account was in credit throughout the year. The loan is repayable on demand and no interest is charged .