Registration number: 08314082

Hallett Investments Limited

Contents

Balance Sheet	1 to 2
Notes to the Unaudited Financial Statements	3 to 8

Hallett Investments Limited

(Registration number: 08314082)
Balance Sheet as at 31 March 2025

	Note	2025 £	2024 £
Fixed assets
Tangible assets	5	30,224	13,336
Investment property	6	1,255,000	923,522
		1,285,224	936,858
Current assets
Debtors	7	12,610	9,825
Cash at bank and in hand		611,097	372,952
		623,707	382,777
Creditors: Amounts falling due within one year	8	(1,530,692)	(1,312,205)
Net current liabilities		(906,985)	(929,428)
Total assets less current liabilities		378,239	7,430
Creditors: Amounts falling due after more than one year	8	(18,079)	-
Provisions for liabilities		(68,723)	(2,534)
Net assets		291,437	4,896
Capital and reserves
Called up share capital	9	200	200
Revaluation reserve		331,478	-
Retained earnings		(40,241)	4,696
Shareholders' funds		291,437	4,896

For the financial year ending 31 March 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

•	The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and
•	The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

Approved and authorised by the Board on 30 November 2025 and signed on its behalf by:
 

Hallett Investments Limited

(Registration number: 08314082)
Balance Sheet as at 31 March 2025

Mr J N Hallett Company secretary and director

Mrs S J Hallett Director

Hallett Investments Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2025

1	General information

The company is a private company limited by share capital, incorporated in United Kingdom.

The address of its registered office is:
Parkhill Studio
Walton Road
Wetherby
West Yorkshire
LS22 5DZ
England

These financial statements were authorised for issue by the Board on 30 November 2025.

2	Accounting policies

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Going concern

The financial statements have been prepared on a going concern basis.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the Company’s activities. Turnover is shown net of returns, rebates and discounts and after eliminating sales within the company.

Tax

The tax expense for the period comprises current and deferred tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

Hallett Investments Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2025

Deferred tax is recognised in respect of all timing differences between taxable profits and profits reported in the financial statements.

Unrelieved tax losses and other deferred tax assets are recognised when it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference.

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is provided at rates calculated to write off the cost less estimated residual value of each asset over its expected useful life as follows:

Asset class	Depreciation method and rate
Office equipment	33% straight line
Plant and equipment	25% straight line
Motor vehicles	25% straight line

Investment property

Investment property, which is property held to earn rentals and/or capital appreciation, is intially recorded at cost, which includes purchase price and any directly attributable expenditure. Subsequently it is measured at fair value at the reporting end date. Gains or losses arising from the changes in fair value of investment property are included in the profit and loss for the period in which they arise.

Borrowings

Interest-bearing borrowings are initially recorded at fair value, net of transaction costs. Interest-bearing borrowings are subsequently carried at amortised cost, with the difference between the proceeds, net of transaction costs, and the amount due on redemption being recognised as a charge to the profit and loss account over the period of the relevant borrowing.

Interest expense is recognised on the basis of the effective interest method and is included in interest payable and similar charges.

Borrowings are classified as current liabilities unless the company has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date.

3	Staff numbers

The average number of persons employed by the company (including directors) during the year, was 2 (2024 - 2).

Hallett Investments Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2025

4	Profit before tax

Arrived at after charging/(crediting)

	2025 £	2024 £
Depreciation expense	5,407	4,859

5	Tangible assets

	Furniture, fittings and equipment  £	Motor vehicles  £	Other tangible assets £	Total £
Cost or valuation
At 1 April 2024	4,979	-	16,188	21,167
Additions	-	22,294	-	22,294
Disposals	(2,354)	-	-	(2,354)
At 31 March 2025	2,625	22,294	16,188	41,107
Depreciation
At 1 April 2024	3,238	-	4,593	7,831
Charge for the year	895	464	4,047	5,406
Eliminated on disposal	(2,354)	-	-	(2,354)
At 31 March 2025	1,779	464	8,640	10,883
Carrying amount
At 31 March 2025	846	21,830	7,548	30,224
At 31 March 2024	1,741	-	11,595	13,336

6	Investment properties

	2025 £
At 1 April	923,522
Fair value adjustments	331,478
At 31 March	1,255,000

The fair value of the company's investment property has been derived by the directors based on the current market prices for comparable real estate. The properties will revalued by an independent valuer at the next year end.

Page 5

Hallett Investments Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2025

7

Debtors

Current	2025 £	2024 £
Prepayments	1,151	1,525
Other debtors	11,459	8,300
	12,610	9,825

Hallett Investments Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2025

8

Creditors

Creditors: amounts falling due within one year

	Note	2025 £	2024 £
Due within one year
Loans and borrowings	11	1,522,721	1,304,753
Trade creditors		2,901	-
Taxation and social security		2,670	5,052
Accruals and deferred income		2,400	2,400
		1,530,692	1,312,205

Creditors: amounts falling due after more than one year

	Note	2025 £	2024 £
Due after one year
Loans and borrowings	11	18,079	-

9	Share capital

Allotted, called up and fully paid shares

	2025		2024
	No.	£	No.	£
Ordinary shares of £1 each	100	100	100	100
Ordinary A shares of £1 each	51	51	51	51
Ordinary B sharges of £1 each	49	49	49	49
	200	200	200	200

10

Reserves

The changes to each component of equity resulting from items of other comprehensive income for the current year were as follows:

	Revaluation reserve £	Total £
Surplus/deficit on property revaluation	331,478	331,478

Hallett Investments Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2025

11	Loans and borrowings

Non-current loans and borrowings

	2025 £	2024 £
Other borrowings	18,079	-

Current loans and borrowings

	2025 £	2024 £
Other borrowings	1,522,721	1,304,753