Company registration number 03795226 (England and Wales)
HALLCO 308 LIMITED
UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 26 FEBRUARY 2025
HALLCO 308 LIMITED
CONTENTS
Page
Balance sheet
1 - 2
Notes to the financial statements
3 - 6
HALLCO 308 LIMITED
BALANCE SHEET
AS AT
26 FEBRUARY 2025
26 February 2025
- 1 -
2025
2024
Notes
£
£
£
£
Fixed assets
Tangible assets
3
951
1,057
Investment property
4
790,011
790,011
790,962
791,068
Current assets
Debtors
5
8,147
3,788
Creditors: amounts falling due within one year
6
(364,241)
(379,522)
Net current liabilities
(356,094)
(375,734)
Total assets less current liabilities
434,868
415,334
Creditors: amounts falling due after more than one year
7
(183,902)
(135,389)
Provisions for liabilities
(47,626)
(45,696)
Net assets
203,340
234,249
Capital and reserves
Called up share capital
500
500
Non-distributable profits reserve
8
180,378
240,504
Distributable profit and loss reserves
22,462
(6,755)
Total equity
203,340
234,249
HALLCO 308 LIMITED
BALANCE SHEET (CONTINUED)
AS AT
26 FEBRUARY 2025
26 February 2025
- 2 -

For the financial year ended 26 February 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

T he 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 Companies Act 2006 with respect to accounting records and the preparation of financial statements.

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The director of the company has elected not to include a copy of the profit and loss account within the financial statements.true

The financial statements were approved and signed by the director and authorised for issue on 18 November 2025
Mrs J A Gregory
Director
Company registration number 03795226 (England and Wales)
HALLCO 308 LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 26 FEBRUARY 2025
- 3 -
1
Accounting policies
Company information

Hallco 308 Limited is a private company limited by shares incorporated in England and Wales. The registered office is 113 Packhorse Road, Gerrards Cross, Buckinghamshire, England, SL9 8JD.

1.1
Accounting convention

These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. The disclosure requirements of section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The financial statements are prepared in sterling, which is the functional currency of the company. Monetary a mounts in these financial statements are rounded to the nearest £.

The financial statements have been prepared under the historical cost convention, modified to include the revaluation of freehold properties and to include investment properties and certain financial instruments at fair value. The principal accounting policies adopted are set out below.

1.2
Going concern

A true t the time of approving the financial statements, t he director has a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. Thus t he director continues to adopt the going concern basis of accounting in preparing the financial statements. The directors have confirmed that they will continue to provide financial support, as required, to enable the company to meet its liabilities as they fall due for the next 12 months.

1.3
Turnover

Turnover is recognised as the total consideration received or receivable in respect of rental income from the ownership of investment properties.

1.4
Tangible fixed assets

Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses.

Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:

Fixtures and fittings
10% on reducing balance
Computers
20% on cost

The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to profit or loss.

1.5
Investment properties

Investment property, which is property held to earn rentals and/or for capital appreciation, is initially recognised at cost, which includes the purchase cost and any directly attributable expenditure. Subsequently it is measured at fair value a t the reporting end date. Changes in fair value are recognised in profit or loss.

HALLCO 308 LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 26 FEBRUARY 2025
1
Accounting policies
(Continued)
- 4 -
1.6
Impairment of fixed assets

Recoverable amount is the higher of fair value less costs to sell and value in use. In assessing value in use, the estimated future cash flows are discounted to their present value using a pre-tax discount rate that reflects current market assessments of the time value of money and the risks specific to the asset for which the estimates of future cash flows have not been adjusted.

If the recoverable amount of an asset (or cash-generating unit) is estimated to be less than its carrying amount, the carrying amount of the asset (or cash-generating unit) is reduced to its recoverable amount. An impairment loss is recognised immediately in profit or loss, unless the relevant asset is carried at a revalued amount, in which case the impairment loss is treated as a revaluation decrease.

Recognised impairment losses are reversed if, and only if, the reasons for the impairment loss have ceased to apply. Where an impairment loss subsequently reverses, the carrying amount of the asset (or cash-generating unit) is increased to the revised estimate of its recoverable amount, but so that the increased carrying amount does not exceed the carrying amount that would have been determined had no impairment loss been recognised for the asset (or cash-generating unit) in prior years. A reversal of an impairment loss is recognised immediately in profit or loss, unless the relevant asset is carried at a revalued amount, in which case the reversal of the impairment loss is treated as a revaluation increase.

1.7
Taxation

The tax expense represents the sum of the tax currently payable and deferred tax.

Current tax

The tax currently payable is based on taxable profit for the year. Taxable profit differs from net profit as reported in the profit and loss account because it excludes items of income or expense that are taxable or deductible in other years and it further excludes items that are never taxable or deductible. The company’s liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the reporting end date.

Deferred tax

Deferred tax liabilities are generally recognised for all timing differences and deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Such assets and liabilities are not recognised if the timing difference arises from goodwill or from the initial recognition of other assets and liabilities in a transaction that affects neither the tax profit nor the accounting profit.

HALLCO 308 LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 26 FEBRUARY 2025
- 5 -
2
Employees

The average monthly number of persons (including directors) employed by the company during the year was:

2025
2024
Number
Number
Total
1
1
3
Tangible fixed assets
Plant and machinery etc
£
Cost
At 27 February 2024 and 26 February 2025
25,531
Depreciation and impairment
At 27 February 2024
24,474
Depreciation charged in the year
106
At 26 February 2025
24,580
Carrying amount
At 26 February 2025
951
At 26 February 2024
1,057
4
Investment property
2025
£
Fair value
At 27 February 2024 and 26 February 2025
790,011

Investment property comprises freehold property. The fair value of the investment property has been arrived at on the basis of a valuation carried out at 26 February 2025 by Mr J Gregory. The valuation was made on an open market value basis by reference to market evidence of transaction prices for similar properties.

On a historical cost basis, the investment property would have been included at an original cost (including acquisition costs) of £549,507 (202 4: £549,507).

No depreciation has been charged on the property.

HALLCO 308 LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 26 FEBRUARY 2025
- 6 -
5
Debtors
2025
2024
Amounts falling due within one year:
£
£
Other debtors
8,147
3,788
6
Creditors: amounts falling due within one year
2025
2024
£
£
Bank loans
-
0
37,500
Trade creditors
25,590
11,108
Other creditors
338,651
330,914
364,241
379,522
7
Creditors: amounts falling due after more than one year
2025
2024
£
£
Bank loans and overdrafts
183,902
135,389
8
Non-distributable profits reserve
2025
2024
£
£
At the beginning of the year
240,504
240,504
Non distributable profits in the year
(60,126)
-
At the end of the year
180,378
240,504
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