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Company registration number: 01620896
HALBREN HOMES LTD
Unaudited
Financial statements
Information for filing with the registrar
For the Year Ended 30 September 2025
Coveney Nicholls Limited
Chartered Accountants
The Old Wheel House
31/37 Church Street
Reigate
Surrey
UK
RH2 0AD
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HALBREN HOMES LTD
Registered number:01620896
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Balance Sheet
As at 30 September 2025
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Debtors: amounts falling due within one year
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Creditors: amounts falling due within one year
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Total assets less current liabilities
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Creditors: amounts falling due after more than one year
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The directors consider that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.
The Company's financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.
The financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.
The Company has opted not to file the statement of income and retained earnings in accordance with provisions applicable to companies subject to the small companies' regime.
The financial statements were approved and authorised for issue by the board and were signed on its behalf on 28 August 2026.
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HALBREN HOMES LTD
Registered number:01620896
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Balance Sheet (continued)
As at 30 September 2025
The notes on pages 3 to 8 form part of these financial statements.
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Notes to the Financial Statements
For the Year Ended 30 September 2025
The company is a private company limited by shares, registered in England and Wales. The address of the registered office is The Old Wheel House, Church Street, Reigate, Surrey, RH2 0AA
2.Accounting policies
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Basis of preparation of financial statements
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The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006.
The preparation of financial statements in compliance with FRS 102 requires the use of certain critical accounting estimates. It also requires management to exercise judgment in applying the Company's accounting policies.
The following principal accounting policies have been applied:
Revenue is recognised to the extent that it is probable that the economic benefits will flow to the Company and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before revenue is recognised:
Rendering of services
Revenue from a contract to provide services is recognised in the period in which the services are provided in accordance with the stage of completion of the contract when all of the following conditions are satisfied:
∙the amount of revenue can be measured reliably;
∙it is probable that the Company will receive the consideration due under the contract;
∙the stage of completion of the contract at the end of the reporting period can be measured reliably; and
∙the costs incurred and the costs to complete the contract can be measured reliably.
Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.
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Notes to the Financial Statements
For the Year Ended 30 September 2025
2.Accounting policies (continued)
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Tangible fixed assets (continued)
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Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, on a reducing balance basis.
Depreciation is provided on the following basis:
The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.
Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.
Investments in subsidiaries are measured at cost less accumulated impairment.
Investments in unlisted Company shares, whose market value can be reliably determined, are remeasured to market value at each balance sheet date. Gains and losses on remeasurement are recognised in the Statement of Income and Retained Earnings for the period. Where market value cannot be reliably determined, such investments are stated at historic cost less impairment.
Investments in listed company shares are remeasured to market value at each balance sheet date. Gains and losses on remeasurement are recognised in profit or loss for the period.
Short-term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.
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Cash and cash equivalents
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Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.
Short-term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.
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Notes to the Financial Statements
For the Year Ended 30 September 2025
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The average monthly number of employees, including the directors, during the year was as follows:
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Number of management staff
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Charge for the year on owned assets
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The net book value of land and buildings may be further analysed as follows:
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Notes to the Financial Statements
For the Year Ended 30 September 2025
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Investments in subsidiary companies
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Amounts owed by joint ventures and associated undertakings
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Prepayments and accrued income
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Cash and cash equivalents
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Director's advances, credits and guarantees
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During the year the directors entered into the following advances and credits with the company:
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Balance brought forward and outstanding
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Advances/(credits) to the directors
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Notes to the Financial Statements
For the Year Ended 30 September 2025
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Balance brought forward and outstanding
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Advances/(credits) to the directors
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Notes to the Financial Statements
For the Year Ended 30 September 2025
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Related party transactions
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The company was under the control of Mr JW O'Halloran throughout the current and previous year. Mr O'Halloran is the managing director and majority shareholder. £2,146,906 was owed by Atelier Developemnts Ltd (2024: £973,002) in respect of funds provided to Ashtead to finance its development activity, for which it received a management fee of £90,000 (2024: £90,000) The company was owed £1,809 (2024: 1,809) by Excel Homeworks a company controlled by a family member. The company owed Walton Manor Estates, a company owned by Mr JW O'Halloran, £5,815 (2024: £11,628). The company also owed Mr O'Halloran £3,207,313 (2024: £3,712,813) at the end of the year and £792,493 to a pension fund for Mr O'Halloran SSAS (2024: £792,493). During the year 2025 the company entered into a loan with Mr B O'Halloran and the total owed to the company at year end amounted £1,901,377. No other transactions with related parties were undertaken such as are required to be disclosed under FRS 102.
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