REGISTERED NUMBER: 05372299 (England and Wales)

REPORT OF THE DIRECTOR AND

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 JUNE 2025

FOR

HALCYON RECRUITMENT LIMITED

Page

Company Information

1

Report of the Director

2

Statement of Income and Retained Earnings

3

Balance Sheet

4

Notes to the Financial Statements

6

DIRECTOR:

H R Heseltine

REGISTERED OFFICE:

3 Buckle Drive

Seaford

East Sussex

BN25 2QH

REGISTERED NUMBER:

05372299 (England and Wales)

ACCOUNTANTS:

Galloways Accounting Limited

15 West Street

Brighton

East Sussex

BN1 2RL

The director presents her report with the financial statements of the company for the year ended 30 June 2025.

PRINCIPAL ACTIVITY

The principal activity of the company in the year under review was that of recruitment.

DIRECTOR

H R Heseltine held office during the whole of the period from 1 July 2024 to the date of this report.

STATEMENT OF DIRECTOR'S RESPONSIBILITIES

The director is responsible for preparing the Report of the Director and the financial statements in accordance with applicable law and regulations.

Company law requires the director to prepare financial statements for each financial year. Under that law the director has elected to prepare the financial statements in accordance with United Kingdom Generally Accepted Accounting Practice (United Kingdom Accounting Standards and applicable law). Under company law the director must not approve the financial statements unless she is satisfied that they give a true and fair view of the state of affairs of the company and of the profit or loss of the company for that period. In preparing these financial statements, the director is required to:

-	select suitable accounting policies and then apply them consistently;

-	make judgements and accounting estimates that are reasonable and prudent;

-	prepare the financial statements on the going concern basis unless it is inappropriate to presume that the company will continue in business.

The director is responsible for keeping adequate accounting records that are sufficient to show and explain the company's transactions and disclose with reasonable accuracy at any time the financial position of the company and enable her to ensure that the financial statements comply with the Companies Act 2006. She is also responsible for safeguarding the assets of the company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

This report has been prepared in accordance with the provisions of Part 15 of the Companies Act 2006 relating to small companies.

ON BEHALF OF THE BOARD:

H R Heseltine - Director

19 December 2025

TURNOVER

194,409

277,031

Administrative expenses

(204,561

)

(291,124

)

OPERATING LOSS

(10,152

)

(14,093

)

Interest receivable and similar income

314

377

(9,838

)

(13,716

)

Interest payable and similar expenses

(6,608

)

(7,186

)

LOSS BEFORE TAXATION

(16,446

)

(20,902

)

Tax on loss

4

-

2,961

LOSS FOR THE FINANCIAL YEAR

(16,446

)

(17,941

)

Retained earnings at beginning of year

6,753

65,694

Dividends

-

(41,000

)

RETAINED EARNINGS AT END OF YEAR

(9,693

)

6,753

FIXED ASSETS

Tangible assets

5

3,034

2,883

CURRENT ASSETS

Debtors

6

42,106

54,446

Cash at bank and in hand

754

11,180

42,860

65,626

CREDITORS

Amounts falling due within one year

7

29,706

25,386

NET CURRENT ASSETS

13,154

40,240

TOTAL ASSETS LESS CURRENT LIABILITIES

16,188

43,123

CREDITORS

Amounts falling due after more than one year

8

25,871

36,360

NET (LIABILITIES)/ASSETS

(9,683

)

6,763

CAPITAL AND RESERVES

Called up share capital

10

10

Retained earnings

(9,693

)

6,753

(9,683

)

6,763

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 June 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 June 2025 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges her 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 in accordance with the provisions applicable to companies subject to the small companies regime.

The financial statements were approved by the director and authorised for issue on 19 December 2025 and were signed by:

H R Heseltine - Director

1.	STATUTORY INFORMATION

Halcyon Recruitment Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

The presentation currency of the financial statements is the Pound Sterling (£).

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.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Turnover represents the provision of recruitment services, and is recognised upon completion of performance obligations.

Tangible fixed assets

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

Fixtures and fittings

-

25% on reducing balance

Computer equipment

-

33% on cost

Tangible fixed assets are stated at cost (or deemed cost) or valuation less accumulated depreciation and accumulated impairment losses. Cost includes costs directly attributable to making the asset capable of operating as intended.

Financial instruments

Debtors and creditors with no stated interest rate and receivable or payments within one year are recorded at transaction price. Any losses arising from impairment are recognised in the profit and loss account in other administrative expenses.

Taxation

Taxation for the year comprises current tax. Tax is recognised in the Statement of Income and Retained Earnings, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current 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.

Foreign currencies

Transactions in currencies other than pounds sterling are recorded at the rates of exchange prevailing at the dates of the transactions. At each reporting end date, monetary assets and liabilities that are denominated in foreign currencies are retranslated at the rates prevailing on the reporting end date. Gains and losses arising on translation in the year are included in profit or loss.

Hire purchase and leasing commitments

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Pension costs and other post-retirement benefits

The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

Going concern

The director has confirmed she will continue to support the company so it is able to fulfil its obligations

as they fall due. Therefore, the director believes that the company has adequate resources to continue

in operational existence for a period of at least 12 months from the date of the approval of these

financial statements. The director has concluded that the going concern basis of preparation of these

financial statements remains appropriate.

3.

EMPLOYEES

The average number of employees during the year was 6 (2024 - 8 ) .

4.

TAXATION

Analysis of the tax credit

The tax credit on the loss for the year was as follows:

2025

2024

£

£

Current tax:

Corporation tax refund

-

(2,961

)

Tax on loss

-

(2,961

)

5.	TANGIBLE FIXED ASSETS

Fixtures

and

Computer

fittings

equipment

Totals

£

£

£

COST

At 1 July 2024

5,192

23,536

28,728

Additions

130

1,556

1,686

Disposals

(506

)

(6,481

)

(6,987

)

At 30 June 2025

4,816

18,611

23,427

DEPRECIATION

At 1 July 2024

4,585

21,260

25,845

Charge for year

136

1,163

1,299

Eliminated on disposal

(310

)

(6,441

)

(6,751

)

At 30 June 2025

4,411

15,982

20,393

NET BOOK VALUE

At 30 June 2025

405

2,629

3,034

At 30 June 2024

607

2,276

2,883

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade debtors

671

-

Other debtors

41,435

54,446

42,106

54,446

Included within other debtors is £40,646 (2024: £49,304) due from related parties. These loans are interest free and repayable on demand.

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Bank loans and overdrafts

25,184

9,148

Taxation and social security

879

10,354

Other creditors

3,643

5,884

29,706

25,386

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2025

2024

£

£

Bank loans

25,871

36,360

Other creditors due in more than one year consists of a bank loan of £36,360 (2024: £45,494). The bank loan incurs interest at 13.9% per annum and is due for repayment by June 2028. The director of the company has provided a personal guarantee in respect of the company's borrowings.