Halliwell Property Investments Limited Company Accounts
Halliwell Property Investments Limited Company Accounts
COMPANY REGISTRATION NUMBER:
09987154
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Financial Statements |
Period from 4 February 2016 to 31 March 2017
Contents |
Page |
Statement of financial position |
1 |
Statement of changes in equity |
3 |
Notes to the financial statements |
4 |
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Statement of Financial Position |
31 Mar 17 |
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Note |
£ |
Fixed assets
Tangible assets |
4 |
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Current assets
Cash at bank and in hand |
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Creditors: amounts falling due within one year |
5 |
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Net current liabilities |
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Total assets less current liabilities |
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Creditors: amounts falling due after more than one year |
6 |
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Net assets |
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Capital and reserves
Called up share capital |
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Profit and loss account |
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Member funds |
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In accordance with section 444 of the Companies Act 2006, the statement of comprehensive income has not been delivered.
Director's responsibilities:
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The member has not required the company to obtain an audit of its financial statements for the period in question in accordance with section 476
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The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements
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Statement of Financial Position (continued) |
These financial statements were approved by the
board of directors
and authorised for issue on
31 October 2017
, and are signed on behalf of the board by:
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Director |
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Company registration number:
09987154
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Statement of Changes in Equity |
Period from 4 February 2016 to 31 March 2017
Called up share capital |
Profit and loss account |
Total |
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£ |
£ |
£ |
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At 4 February 2016 |
– |
– |
– |
Profit for the period |
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Total comprehensive income for the period |
– |
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Issue of shares |
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– |
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Total investments by and distributions to owners |
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– |
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At 31 March 2017 |
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Notes to the Financial Statements |
Period from 4 February 2016 to 31 March 2017
1.
General information
The company is a private company limited by shares, registered in England and Wales. The address of the registered office is 1 Springfield Farm, Friezland Lane, Greenfield, Oldham, OL3 7EU.
2.
Statement of compliance
3.
Accounting policies
Basis of preparation
Disclosure exemptions
The entity satisfies the criteria of being a qualifying entity as defined in FRS 102. As such, advantage has been taken of the following disclosure exemptions available under paragraph 1.12 of FRS 102: No cash flow statement has been presented for the company.
Judgements and key sources of estimation uncertainty
The preparation of the financial statements requires management to make judgements, estimates and assumptions that affect the amounts reported. These estimates and judgements are continually reviewed and are based on experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances.
Revenue recognition
Taxation
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.
Tangible assets
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.
Financial instruments
A financial asset or a financial liability is recognised only when the entity becomes a party to the contractual provisions of the instrument. Basic financial instruments are initially recognised at the transaction price, unless the arrangement constitutes a financing transaction, where it is recognised at the present value of the future payments discounted at a market rate of interest for a similar debt instrument. Debt instruments are subsequently measured at amortised cost.
4.
Tangible assets
Land and buildings |
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£ |
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Cost |
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Additions |
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At 31 March 2017 |
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Depreciation |
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At 4 February 2016 and 31 March 2017 |
– |
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Carrying amount |
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At 31 March 2017 |
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The director who is aware of property market values, is of the opinion that there has been no significant variation in the value of the properties since acquisition and hence the above represents a fair value.
5.
Creditors:
amounts falling due within one year
31 Mar 17 |
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£ |
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Corporation tax |
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Other creditors |
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6.
Creditors:
amounts falling due after more than one year
31 Mar 17 |
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£ |
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Bank loan |
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7.
Director's advances, credits and guarantees
During the period the director entered into the following advances and credits with the company:
31 Mar 17 |
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Balance brought forward |
Amounts repaid |
Balance outstanding |
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£ |
£ |
£ |
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– |
(
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(
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