Hall & Partners (Special Projects) Limit - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 03684756 (England and Wales)

Unaudited Financial Statements

for the Year Ended 31 March 2021

for

Hall & Partners (Special Projects)

Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTORS:

Mr M Sanderson

Mr T R Weightman

Mrs J A Weightman

SECRETARY:

Mrs L A C Walker

REGISTERED OFFICE:

Suites 1 & 2 Cheviot House

Beaminster Way East, Kingston Park

Newcastle Upon Tyne

Tyne and Wear

NE3 2ER

REGISTERED NUMBER:

03684756 (England and Wales)

ACCOUNTANTS:

Haines Watts

Chartered Accountants

17 Queens Lane

Newcastle upon Tyne

Tyne and Wear

NE1 1RN

FIXED ASSETS

Tangible assets

5

94,515

81,898

94,515

81,898

CURRENT ASSETS

Stocks

14,994

14,337

Debtors

6

3,024,127

3,194,716

Cash at bank and in hand

618,323

381,368

3,657,444

3,590,421

CREDITORS

Amounts falling due within one year

7

319,066

299,084

NET CURRENT ASSETS

3,338,378

3,291,337

TOTAL ASSETS LESS CURRENT LIABILITIES

3,432,893

3,373,235

PROVISIONS FOR LIABILITIES

12,880

9,439

NET ASSETS

3,420,013

3,363,796

CAPITAL AND RESERVES

Called up share capital

100

100

Profit and loss account

3,419,913

3,363,696

3,420,013

3,363,796

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2021.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2021 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:

(a)	ensuring that the company keeps 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 Sections 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.

The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Profit and Loss Account has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 29 November 2021 and were signed on its behalf by:

Mr T R Weightman - Director

1.	STATUTORY INFORMATION

Hall & Partners (Special Projects) Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

The presentation currency of the financial statements is the Pound Sterling (£).

2.	STATEMENT OF COMPLIANCE

These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006.

3.	ACCOUNTING POLICIES

Basis of preparing the financial statements

The financial statements have been prepared under the historical cost convention.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

The company recognises revenue when the amount of revenue can be measured reliably and when it is probable that future economic benefits will flow to the entity.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Plant and machinery etc

-

25% on reducing balance, 25% on cost and 15% on reducing balance

Tangible assets are measured at cost less accumulated depreciation and any accumulated impairment losses.

Impairment of assets

At each reporting date fixed assets are reviewed to determine whether there is any indication that those assets have suffered an impairment loss. If there is an indication of possible impairment, the recoverable amount of any affected asset is estimated and compared with its carrying amount. If estimated recoverable amount is lower, the carrying amount is reduced to its estimated recoverable amount, and an impairment loss is recognised immediately in profit or loss.

If an impairment loss subsequently reverses, the carrying amount of the asset is increased to the revised estimate of its recoverable amount, but not in excess of the amount that would have been determined had no impairment loss been recognised for the asset in prior years. A reversal of an impairment loss is recognised immediately in profit or loss.

Work in progress

Work in progress is stated at the lower of cost and estimated selling price less costs to complete and sell. Cost comprises direct materials and, where applicable, direct labour costs and those overheads that have been incurred in bringing the stocks to their present location and condition.

Financial instruments

The company only enters into basic financial instrument transactions that result in the recognition of financial assets and liabilities like trade and other accounts receivable and payable, loans from banks and other third parties, loans to related parties and investments on non-puttable ordinary shares.

Financial assets that are measured at cost and amortised cost are assessed at the end of each reporting period for objective evidence of impairment. If objective evidence of impairment is found, an impairment loss is recognised in profit or loss.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Profit and Loss Account, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Hire purchase and leasing commitments

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Pension costs and other post-retirement benefits

The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

Leasing commitments

Rentals payable under operating leases, including any lease incentives received, are charged to profit or loss on a straight line basis over the term of the relevant lease except where other more systematic basis is more representative of the time pattern in which economic benefits from the leases asset are consumed.

4.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 22 (2020 - 23 ) .

5.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1 April 2020

232,631

Additions

35,628

At 31 March 2021

268,259

DEPRECIATION

At 1 April 2020

150,733

Charge for year

23,011

At 31 March 2021

173,744

NET BOOK VALUE

At 31 March 2021

94,515

At 31 March 2020

81,898

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2021

2020

£

£

Trade debtors

145,272

292,319

Amounts owed by group undertakings

2,858,535

2,858,535

Other debtors

20,320

43,862

3,024,127

3,194,716

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2021

2020

£

£

Bank loans and overdrafts

19,000

-

Finance leases

-

6,856

Trade creditors

23,290

44,726

Taxation and social security

154,028

174,343

Other creditors

122,748

73,159

319,066

299,084

8.	SECURED DEBTS

The following secured debts are included within creditors:

2021

2020

£

£

Finance leases

-

6,856

9.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 31 March 2021 and 31 March 2020:

2021

2020

£

£

Mr T R Weightman

Balance outstanding at start of year

18,259

5,633

Amounts advanced

-

19,660

Amounts repaid

(18,259

)

(7,034

)

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

-

18,259

Mrs J A Weightman

Balance outstanding at start of year

2,488

-

Amounts advanced

-

2,488

Amounts repaid

(2,488

)

-

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

-

2,488

The above loans are unsecured, interest free and repayable on demand.