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HALLFARE LIMITED - Company Information

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Hallfare Limited

Registered Number:03043918

For the year ended 30 June 2017

England and Wales

Unaudited Financial Statements

For the year ended 30 June 2017

Hallfare Limited

Contents Page

Statement of Financial Position

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Notes to the Financial Statements

As at 30 June 2017

Hallfare Limited

Statement of Financial Position

Registered Number :

03043918

2016

2017

Notes

Fixed assets

Property, plant and equipment

750,001

Current assets

Trade and other receivables

304

4,348

Cash and cash equivalents

2,852

4,652

Trade and other payables: amounts falling due within one

year

(40,799)

(99,136)

(36,147)

(96,284)

Net current liabilities

Total assets less current liabilities

653,717

713,854

Trade and other payables: amounts falling due after more

than one year

(496,524)

(436,024)

217,693

Net assets

217,330

Capital and reserves

Called up share capital

Revaluation reserve

191,393

Retained earnings

26,298

25,935

217,693

217,330

Shareholders' funds

For the year ended 30 June 2017 the company was entitled to exemption from audit under Section 477 of the Companies Act 2006 relating to small companies.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 June 2017 in accordance with Section 476 of the Companies Act 2006

The director acknowledges his responsibilities for:a) ensuring that the company keeps proper 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 Section

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.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements have been prepared and delivered in accordance with the provisions of Part 15 of the Companies Act 2006 relating to small companies.

Mr Christopher James Small Director

These financial statements were approved and authorised for issue by the Board on 22 March 2018 and were signed by:

The notes form part of these financial statements

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For the year ended 30 June 2017

Hallfare Limited

Notes to the Financial Statements

Statutory Information

Hallfare Limited is a private limited company, limited by shares, domiciled in England and Wales, registration number

03043918.

Registered address:

Hertfordshire Auctions

Porters Wood Ind Estate, Valley Road

St Albans

Herts

AL3 6PQ

The presentation currency is £ sterling.

1. Accounting policies

Basis of preparing the financial statements

These financial statements have been prepared in accordance with the provisions of Section 1A of Financial

Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the

Companies Act 2006. The financial statements have been prepared under the historical costs convention as

modified by the revaluation of certain assets.

Revenue recognition

Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts.

Property, plant and equipment

Tangible fixed assets, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis:

The company''s freehold properties were professionally valued in 0. This valuation has been reduced by subsequent

depreciation. Under the transitional provisions of the Financial Reporting Standard for Smaller Entities (effective

January 2015) the properties continue to be stated at that valuation less accumulated depreciation to date and that

valuation has not been updated.

The company''s freehold properties are revalued in full every five years. Interim valuations are carried out when it is

likely that there has been a material change in value.

No depreciation is provided on the company''s freehold properties since in the opinion of the directors the expected

useful lives are sufficiently long and the estimated residual values are sufficiently high that any such depreciation

would be immaterial. The directors undertake an annual impairment review of these properties.

2. Property, plant and equipment

Land and

buildings

Cost or

valuation

At 01 July 2016

750,001

At 30 June 2017

750,001

At 30 June 2017

Net book value

750,001

At 30 June 2016

750,001

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For the year ended 30 June 2017

Hallfare Limited

Notes to the Financial Statements Continued

3. Trade and other receivables

2016

2017

Other debtors

304

4. Trade and other payables: amounts falling due within one year

2016

2017

Taxation and social security

435

4,133

Other creditors

98,701

36,666

99,136

40,799

5. Trade and other payables: amounts falling due after more than one year

2016

2017

Bank loans and overdraft (secured)

436,024

496,524

6. Reserves

Total

Revaluation reserve at 01 July 2016

191,393

Revaluation reserve at 30 June 2017

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