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Registration number: 15013536

Halletts Spaces Ltd
Unaudited Filleted Financial Statements
for the Year Ended 31 July 2025

Halletts Spaces Ltd

Contents

Company Information | 1
Balance Sheet | 2 to 3
Notes to the Unaudited Financial Statements | 4 to 10

Halletts Spaces Ltd

Company Information

Director | Mr C P Jolly

Registered office | 337 Tanworth Lane Shirley Solihull B 90 4DU

Accountants | CLG Accountants & Business Advisors Hagley Road Business Hub 8 Hagley Road Stourbridge West Midlands DY8 1PS

Halletts Spaces Ltd

(Registration number: 15013536)
Balance Sheet as at 31 July 2025

| Note | 2025 £ | 2024 £
Fixed assets |  |  |
Intangible assets | 4 | 44,402 | 49,952
Tangible assets | 5 | 38,851 | 50,107
|  | 83,253 | 100,059
Current assets |  |  |
Stocks | 6 | 37,560 | 114,000
Debtors | 7 | 50,598 | 75,488
Cash at bank and in hand |  | 8,052 | 8,556
|  | 96,210 | 198,044
Creditors: Amounts falling due within one year | 8 | (227,377) | (262,301)
Net current liabilities |  | (131,167) | (64,257)
Total assets less current liabilities |  | (47,914) | 35,802
Creditors: Amounts falling due after more than one year | 8 | (482,936) | (282,936)
Net liabilities |  | (530,850) | (247,134)
Capital and reserves |  |  |
Called up share capital | 10 | 100 | 100
Retained earnings |  | (530,950) | (247,234)
Shareholders' deficit |  | (530,850) | (247,134)

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

Director's 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 director acknowledges his 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.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the director has not delivered to the registrar a copy of the Profit and Loss Account.

Halletts Spaces Ltd

(Registration number: 15013536)
Balance Sheet as at 31 July 2025

Approved and authorised by the director on 1 April 2026

......................................... Mr C P Jolly Director

Halletts Spaces Ltd

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

1 | General information

The company is a private company limited by share capital, incorporated in England and Wales.

The address of its registered office is:
337 Tanworth Lane
Shirley
Solihull
B 90 4DU

These financial statements were authorised for issue by the director on 1 April 2026.

2 | Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

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 with the Director and other key stakeholders committing their financial support for the foreseeable future. Monies advanced by way of loans have been done so on an unsecured interest free basis with repayment thereof only to be requested when the Company is in a sound financial position. In addition the Director has given due consideration to the potential impact of Brexit and is of the opinion that neither the Company's ability to trade nor the value of its assets will be significantly impaired.

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 sales/value added tax, returns, rebates and discounts.
The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

Halletts Spaces Ltd

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

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 charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class | Depreciation method and rate
Other Tangible Assets | 15% reducing balance
Motor Vehicles | 25% reducing balance

Goodwill

Goodwill arising on the acquisition of an entity represents the excess of the cost of acquisition over the company’s interest in the net fair value of the identifiable assets, liabilities and contingent liabilities of the entity recognised at the date of acquisition. Goodwill is initially recognised as an asset at cost and is subsequently measured at cost less accumulated amortisation and accumulated impairment losses. Goodwill is held in the currency of the acquired entity and revalued to the closing rate at each reporting period date. Goodwill is amortised over its useful life, which shall not exceed ten years if a reliable estimate of the useful life cannot be made.

Amortisation

Amortisation is provided on intangible assets so as to write off the cost, less any estimated residual value, over their useful life as follows:

Asset class | Amortisation method and rate
Goodwiil | straight line over 10 years

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Trade debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.
Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

Halletts Spaces Ltd

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

Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first-in, first-out (FIFO) method.
The cost of finished goods and work in progress comprises direct materials and, where applicable, direct labour costs and those overheads that have been incurred in bringing the inventories to their present location and condition. At each reporting date, stocks are assessed for impairment. If stocks are impaired, the carrying amount is reduced to its selling price less costs to complete and sell; the impairment loss is recognised immediately in profit or loss.

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.
Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

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.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

Defined contribution pension obligation

A defined contribution plan is a pension plan under which fixed contributions are paid into a pension fund and the company has no legal or constructive obligation to pay further contributions even if the fund does not hold sufficient assets to pay all employees the benefits relating to employee service in the current and prior periods.
Contributions to defined contribution plans are recognised as employee benefit expense when they are due. If contribution payments exceed the contribution due for service, the excess is recognised as a prepayment.

Halletts Spaces Ltd

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

3 | Staff numbers

The average number of persons employed by the company (including the director) during the year, was 8 (2024 - 7).

Halletts Spaces Ltd

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

4 | Intangible assets

| Goodwill £ | Total £
Cost or valuation
At 1 August 2024 | 55,502 | 55,502
At 31 July 2025 | 55,502 | 55,502
Amortisation
At 1 August 2024 | 5,550 | 5,550
Amortisation charge | 5,550 | 5,550
At 31 July 2025 | 11,100 | 11,100
Carrying amount
At 31 July 2025 | 44,402 | 44,402
At 31 July 2024 | 49,952 | 49,952

5 | Tangible assets

| Motor vehicles £ | Other tangible assets £ | Total £
Cost or valuation
At 1 August 2024 | 30,000 | 34,761 | 64,761
Additions | - | 1,551 | 1,551
At 31 July 2025 | 30,000 | 36,312 | 66,312
Depreciation
At 1 August 2024 | 7,500 | 7,154 | 14,654
Charge for the year | 5,625 | 7,182 | 12,807
At 31 July 2025 | 13,125 | 14,336 | 27,461
Carrying amount
At 31 July 2025 | 16,875 | 21,976 | 38,851
At 31 July 2024 | 22,500 | 27,607 | 50,107

Halletts Spaces Ltd

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

6 | Stocks

| 2025 £ | 2024 £
Other inventories | 37,560 | 114,000

7 | Debtors

Current | 2025 £ | 2024 £
Trade debtors | 40,192 | 72,002
Prepayments | 2,672 | 3,486
Other debtors | 7,734 | -
| 50,598 | 75,488

8 | Creditors

Creditors: amounts falling due within one year

| Note | 2025 £ | 2024 £
Due within one year |  |  |
Loans and borrowings | 11 | 22,000 | 10,632
Trade creditors |  | 55,333 | 88,104
Taxation and social security |  | 126,604 | 108,324
Accruals and deferred income |  | 22,992 | 51,586
Other creditors |  | 448 | 3,655
|  | 227,377 | 262,301

Creditors: amounts falling due after more than one year

| Note | 2025 £ | 2024 £
Due after one year |  |  |
Loans and borrowings | 11 | 482,936 | 282,936

Halletts Spaces Ltd

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

9 | Obligations under leases and hire purchase contracts

Finance leases

The total of future minimum lease payments is as follows:

| 2025 £ | 2024 £
Not later than one year | - | 10,632

10 | Share capital

Allotted, called up and fully paid shares

| 2025 | 2024
| No. | £ | No. | £
Ordinary of £1 each | 100 | 100 | 100 | 100

11 | Loans and borrowings

Non-current loans and borrowings

| 2025 £ | 2024 £
Other borrowings | 482,936 | 282,936

Current loans and borrowings

| 2025 £ | 2024 £
Other borrowings | 22,000 | 10,632

Other borrowings

Third Party Loan is denominated in sterling with a nominal interest rate of 0%. The carrying amount at year end is £504,936 (2024 - £293,568). The loan has been provided on an unsecured, interest free basis and on the proviso that the lender will not request any repayment of an amount of £482,936 within one year of the signing off of these accounts and then not until the Company is financially secure. An amount of £22,000 is however repayable upon demand. The terms of this loan are to be reviewed annually.