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Hallowes Properties Ltd
Unaudited Financial Statements
For The Year Ended 28 February 2025
Blue Cloud Accounting Solutions Limited
128 Saltergate
Chesterfield
Derbyshire
S40 1NG
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—4
Page 1
Balance Sheet
Registered number: 13221315
2025 2024
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 369,880 368,292
369,880 368,292
CURRENT ASSETS
Debtors 5 372 333
Cash at bank and in hand 1,882 1,555
2,254 1,888
Creditors: Amounts Falling Due Within One Year 6 (6,928 ) (6,632 )
NET CURRENT ASSETS (LIABILITIES) (4,674 ) (4,744 )
TOTAL ASSETS LESS CURRENT LIABILITIES 365,206 363,548
Creditors: Amounts Falling Due After More Than One Year 7 (388,660 ) (379,940 )
NET LIABILITIES (23,454 ) (16,392 )
CAPITAL AND RESERVES
Called up share capital 9 2 2
Profit and Loss Account (23,456 ) (16,394 )
SHAREHOLDERS' FUNDS (23,454) (16,392)
Page 1
Page 2
For the year ending 28 February 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
On behalf of the board
Mrs Keeley Bamford
Director
17 November 2025
The notes on pages 3 to 4 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
Hallowes Properties Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 13221315 . The registered office is 5 Meadow Head, Sheffield, S8 7UA.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
2.2. Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.
Sale of goods
Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.
Rendering of services
Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.
2.3. Tangible Fixed Assets and Depreciation
Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
Plant & Machinery 20% Reducing Balance
2.4. Investment Properties
All investment properties are carried at fair value determined annually and derived from the current market rents and investment property yields for comparable real estate, adjusted if necessary for any difference in the nature, location or condition of the specific asset. No depreciation is provided for. Changes in fair value are recognised in the profit and loss account.
3. Average Number of Employees
Average number of employees, including directors, during the year was: NIL (2024: NIL)
- -
4. Tangible Assets
Investment Properties Plant & Machinery Total
£ £ £
Cost
As at 1 March 2024 367,781 639 368,420
Additions 1,292 499 1,791
As at 28 February 2025 369,073 1,138 370,211
Depreciation
As at 1 March 2024 - 128 128
Provided during the period - 203 203
As at 28 February 2025 - 331 331
...CONTINUED
Page 3
Page 4
Net Book Value
As at 28 February 2025 369,073 807 369,880
As at 1 March 2024 367,781 511 368,292
5. Debtors
2025 2024
£ £
Due within one year
Prepayments and accrued income 372 333
6. Creditors: Amounts Falling Due Within One Year
2025 2024
£ £
Trade creditors 141 39
Bank loans and overdrafts 3,539 3,489
Accruals and deferred income 1,302 1,158
Directors' loan accounts 1,946 1,946
6,928 6,632
7. Creditors: Amounts Falling Due After More Than One Year
2025 2024
£ £
Bank loans 245,285 247,260
Amounts owed to associates 143,375 132,680
388,660 379,940
Of the creditors falling due after more than one year the following amounts are due after more than five years.
2025 2024
£ £
Bank loans 234,666 233,304
8. Secured Creditors
Of the creditors the following amounts are secured.
2025 2024
£ £
Bank loans and overdrafts 248,823 250,749
9. Share Capital
2025 2024
£ £
Allotted, Called up and fully paid 2 2
Page 4