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

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

James Hall and Company (Services) Limited is a private company limited by shares incorporated in England and Wales. The registered office is Spar Distribution Centre, Bowland View, Preston, PR2 5QT.

The company's accounting reference date is 24 March. The financial statements for the current period cover the 52 weeks commencing 25 March 2024 to 23 March 2025. Those for the previous period cover the 53 weeks commencing 20 March 2023 to 24 March 2024. Therefore the two financial periods are not entirely comparable.

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 amounts in these financial statements are rounded to the nearest £.

The financial statements have been prepared under the historical cost convention. The principal accounting policies adopted are set out below.

The company has taken advantage of the exemption under section 399 of the Companies Act 2006 not to prepare consolidated accounts, on the basis that the group of which this is the parent qualifies as a small group. The financial statements present information about the company as an individual entity and not about its group.

At the time of approving the financial statements, the directors have every expectation that the company has adequate resources to continue in operational existence for the foreseeable future.

Whilst the company has no activity in the year, its subsidiary is significantly reliant upon fellow group members for property occupancy and therefore income. With respect to the wider group, it is currently profitable, generating positive operating cash-flows, has a strong balance sheet and diversified income streams. The group enjoys a positive relationship with its banking partner and has ample facilities in place. As a consequence it is well placed to manage its business risks despite the continued uncertain economic outlook and particularly where this impacts consumer disposable income. Such factors include current retail inflation being higher than the headline benchmark and uncertainty over the path and timing of any further interest rate reductions.

In turn, this company is therefore also well placed and so the directors continue to adopt the going concern basis of accounting in preparing the financial statements.

Interests in subsidiaries, associates and jointly controlled entities are initially measured at cost and subsequently measured at cost less any accumulated impairment losses. The investments are assessed for impairment at each reporting date and any impairment losses or reversals of impairment losses are recognised immediately in profit or loss.

A subsidiary is an entity controlled by the company. Control is the power to govern the financial and operating policies of the entity so as to obtain benefits from its activities.

Equity instruments issued by the company are recorded at the proceeds received, net of transaction costs. Dividends payable on equity instruments are recognised as liabilities once they are no longer at the discretion of the company.

As the income statement has been omitted from the filing copy of the financial statements, the following information in relation to the audit report on the statutory financial statements is provided in accordance with s444(5B) of the Companies Act 2006:

The auditor's report was unqualified.

The company is party to a group cross company guarantee in respect of group bank borrowings. At the balance sheet date, the total amount outstanding covered by this arrangement was £4,610,247 (2024: £Nil). This contingent liability is secured by a charge against the assets of the company, in favour of the group's bankers.

The company is a wholly-owned subsidiary of James Hall and Company (Holdings) Limited, a company incorporated in the United Kingdom, which is controlled by its directors, who between them own 100% of the ordinary shares of that company.