REGISTERED NUMBER: 11664259 (England and Wales)

HALLSTEN LIMITED

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 NOVEMBER 2024

Page

Abridged Balance Sheet

1

Notes to the Financial Statements

3

FIXED ASSETS

Tangible assets

4

462

924

Investments

5

310,502

282,086

310,964

283,010

CURRENT ASSETS

Debtors

86,030

58,963

Investments

-

166,213

Prepayments and accrued income

459

744

Cash at bank

191,858

117,354

278,347

343,274

NET CURRENT ASSETS

278,347

343,274

TOTAL ASSETS LESS CURRENT LIABILITIES

589,311

626,284

PROVISIONS FOR LIABILITIES

(746

)

(1,524

)

ACCRUALS AND DEFERRED INCOME

(3,780

)

(3,600

)

NET ASSETS

584,785

621,160

CAPITAL AND RESERVES

Called up share capital

6

100

100

Revaluation reserve

7

2,467

5,746

Retained earnings

582,218

615,314

SHAREHOLDERS' FUNDS

584,785

621,160

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 November 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 November 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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.

All the members have consented to the preparation of an abridged Balance Sheet for the year ended 30 November 2024 in accordance with Section 444(2A) of the Companies Act 2006.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved and authorised for issue by the director and authorised for issue on 22 October 2025 and were signed by:

J A Hallsten - Director

1.	STATUTORY INFORMATION

Hallsten Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address are as below:

Registered number:

11664259

Registered office:

3 Weekley Wood Close

Kettering

Northamptonshire

NN14 1UQ

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.

Tangible fixed assets

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

Computer equipment

-

33% on cost

Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses. Cost includes costs directly attributable to making the asset capable of operating as intended.

Debtors and creditors

Debtors receivable / creditors payable within one year are measured at transaction price (less any impairment losses on debtors for bad and doubtful debts). Loans and other financial assets / liabilities are initially measured at transaction price and subsequently measured at amortised cost determined using the effective interest method (less any impairment losses on debtors) for bad and doubtful debts.

Any losses arising from impairment are recognised in the profit and loss account.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, 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 1 (2023 - 1 ) .

4.	TANGIBLE FIXED ASSETS

Totals

£

COST

At 1 December 2023

and 30 November 2024

6,085

DEPRECIATION

At 1 December 2023

5,161

Charge for year

462

At 30 November 2024

5,623

NET BOOK VALUE

At 30 November 2024

462

At 30 November 2023

924

5.	FIXED ASSET INVESTMENTS

Information on investments other than loans is as follows:

Totals

£

COST OR VALUATION

At 1 December 2023

282,086

Additions

60,440

Disposals

(19,571

)

Revaluations

(4,047

)

Exchange differences

(8,406

)

At 30 November 2024

310,502

NET BOOK VALUE

At 30 November 2024

310,502

At 30 November 2023

282,086

Cost or valuation at 30 November 2024 is represented by:

Totals

£

Valuation in 2024

(3,295

)

Cost

313,797

310,502

If fixed asset investments had not been revalued they would have been included at the following historical cost:

2024

2023

£

£

Cost

313,797

274,524

6.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2024

2023

value:

£

£

100

Ordinary

£1.00

100

100

7.

RESERVES

Revaluation

reserve

£

At 1 December 2023

5,746

Revaluation of assets

(4,048

)

Deferred tax

769

At 30 November 2024

2,467

8.	DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 30 November 2024 and 30 November 2023:

2024

2023

£

£

J A Hallsten

Balance outstanding at start of year

48,235

63,788

Amounts advanced

21,515

-

Amounts repaid

-

(15,553

)

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

69,750

48,235

Loans to directors are repayable on demand. Interest has been charged at HMRC approved rates.