Halftown Limited Filleted accounts for Companies House (small and micro)

COMPANY REGISTRATION NUMBER: NI619418

Halftown Limited

Filleted Unaudited Financial Statements

31 July 2026

Halftown Limited

Statement of Financial Position

31 July 2026

	2026		2025
Note	£	£	£

Fixed assets

Intangible assets	4	145,789	–
Tangible assets	5	1,123,333	1,123,333
		------------	------------
		1,269,122	1,123,333

Current assets

Stocks		764,400	691,400
Debtors	6	1,362,650	1,878,364
Cash at bank and in hand		39,723	31,156
		------------	------------
		2,166,773	2,600,920

Creditors: amounts falling due within one year	7	43,111		297,615
		------------		------------
Net current assets			2,123,662	2,303,305
			------------	------------
Total assets less current liabilities			3,392,784	3,426,638

Creditors: amounts falling due after more than one year	8	525,820	605,411
		------------	------------
Net assets		2,866,964	2,821,227
		------------	------------

Capital and reserves

Called up share capital	6	6
Profit and loss account	2,866,958	2,821,221
	------------	------------
Shareholders funds	2,866,964	2,821,227
	------------	------------

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.

In accordance with section 444 of the Companies Act 2006, the statement of income and retained earnings has not been delivered.

For the year ending 31 July 2026 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 financial statements for the year in question in accordance with section 476 ;

- The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .

Halftown Limited

Statement of Financial Position (continued)

31 July 2026

These financial statements were approved by the board of directors and authorised for issue on 5 September 2026 , and are signed on behalf of the board by:

Mr F Boyd	Mr A Armstrong
Director	Director

Company registration number: NI619418

Halftown Limited

Notes to the Financial Statements

Year ended 31 July 2026

1. General information

The company is a private company limited by shares, registered in N Ireland. The address of the registered office is 412 Newtownards Road,, Belfast, BT4 1HH.

2. Statement of compliance

These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.

3. Accounting policies

Basis of preparation

The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.

The financial statements are prepared in sterling, which is the functional currency of the entity.

Investments in joint ventures accounted for in accordance with the cost model are recorded at cost less any accumulated impairment losses. Investments in joint ventures accounted for in accordance with the fair value model are initially recorded at the transaction price. At each reporting date, the investments are measured at fair value, with changes in fair value recognised in other comprehensive income/profit or loss. Where it is impracticable to measure fair value reliably without undue cost or effort, the cost model will be adopted. Dividends and other distributions received from the investment are recognised as income without regard to whether the distributions are from accumulated profits of the joint venture arising before or after the date of acquisition.

Income tax

The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in profit or loss, except to the extent that it relates to items recognised in other comprehensive income or directly in equity. In this case, tax is recognised in other comprehensive income or directly in equity, respectively. Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.

Deferred tax is recognised in respect of all timing differences at the reporting date. Unrelieved tax losses and other deferred tax assets are recognised to the extent that 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 that are expected to apply to the reversal of the timing difference.

Amortisation

Amortisation is calculated so as to write off the cost of an asset, less its estimated residual value, over the useful life of that asset as follows:

If there is an indication that there has been a significant change in amortisation rate, useful life or residual value of an intangible asset, the amortisation is revised prospectively to reflect the new estimates.

Tangible assets

Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses. An increase in the carrying amount of an asset as a result of a revaluation, is recognised in other comprehensive income and accumulated in equity, except to the extent it reverses a revaluation decrease of the same asset previously recognised in profit or loss. A decrease in the carrying amount of an asset as a result of revaluation, is recognised in other comprehensive income to the extent of any previously recognised revaluation increase accumulated in equity in respect of that asset. Where a revaluation decrease exceeds the accumulated revaluation gains accumulated in equity in respect of that asset, the excess shall be recognised in profit or loss.

Investment property

Investment property is initially recorded at cost, which includes purchase price and any directly attributable expenditure.Investment Property is revalued to its fair value at each reporting date and any changes in fair value are recognised in profit or loss. They comprise 9 residential houses rented out to private tenants.

Impairment of fixed assets

A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date. For the purposes of impairment testing, when it is not possible to estimate the recoverable amount of an individual asset, an estimate is made of the recoverable amount of the cash-generating unit to which the asset belongs. The cash-generating unit is the smallest identifiable group of assets that includes the asset and generates cash inflows that largely independent of the cash inflows from other assets or groups of assets. For impairment testing of goodwill, the goodwill acquired in a business combination is, from the acquisition date, allocated to each of the cash-generating units that are expected to benefit from the synergies of the combination, irrespective of whether other assets or liabilities of the company are assigned to those units.

Stocks

Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost includes all costs of purchase, costs of conversion and other costs incurred in bringing the stock to its present location and condition.

Financial instruments

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the entity after deducting all of its financial liabilities. Where the contractual obligations of financial instruments (including share capital) are equivalent to a similar debt instrument, those financial instruments are classed as financial liabilities. Financial liabilities are presented as such in the balance sheet. Finance costs and gains or losses relating to financial liabilities are included in the profit and loss account. Finance costs are calculated so as to produce a constant rate of return on the outstanding liability. Where the contractual terms of share capital do not have any terms meeting the definition of a financial liability then this is classed as an equity instrument. Dividends and distributions relating to equity instruments are debited direct to equity .

4. Intangible assets

	Goodwill
	£
Cost
Additions	161,987
	---------
At 31 July 2026	161,987
	---------
Amortisation
Charge for the year	16,198
	---------
At 31 July 2026	16,198
	---------
Carrying amount
At 31 July 2026	145,789
	---------
At 31 July 2025	–
	---------

5. Tangible assets

	Land and buildings
	£
Cost
At 1 August 2025 and 31 July 2026	1,123,333
	------------
Depreciation
At 1 August 2025 and 31 July 2026	–
	------------
Carrying amount
At 31 July 2026	1,123,333
	------------
At 31 July 2025	1,123,333
	------------

Investment properties These comprise 9 residential houses which are rented out to private tenants.They were valued by the directors at 31/7/2026.

6. Debtors

	2026	2025
	£	£
Trade debtors	600	–
Other debtors	1,362,050	1,878,364
	------------	------------
	1,362,650	1,878,364
	------------	------------

7. Creditors: amounts falling due within one year

	2026	2025
	£	£
Trade creditors	10,001	10,000
Other creditors	33,110	287,615
	--------	---------
	43,111	297,615
	--------	---------

8. Creditors: amounts falling due after more than one year

	2026	2025
	£	£
Amounts owed to group undertakings and undertakings in which the company has a participating interest	422,661	503,075
Corporation tax	103,159	102,336
	---------	---------
	525,820	605,411
	---------	---------

9. Related party transactions

The executors of Mr Anderson deceased,Mrs Armstrong,Brightsky Facilities Management Ltd,Hillview Centre Belfast Ltd, Castlebawn Newtownards Ltd, & Castlnahinch Ltd, are related parties, as per FRS 102, and the debit/credit balances at 31/07/2026 due to/from were, 2026 2025 £ £ Mr J B Anderson dec'd -credit 110,822 Mrs M J Armstrong do 170,814 171,086 Bright Sky Facilites Management Ltd do 220,954 221,166 Cedona Ltd credit 30,892 Castlebawn NewtownardsLtd - debit (1,099,693) (1,616,007) Hillview Centre Belfast Ltd - debit (256,178) (256,178) Castlenahinch Ltd - debit (5524) (5524)