Halcyon Developments Ltd - Accounts

HALCYON DEVELOPMENTS LIMITED - Company Information

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Registered Number: 03075259

HALCYON DEVELOPMENTS LTD

Abridged Accounts

Period of accounts

Start date: 01 August 2022

End date: 31 July 2023

Halcyon Developments Ltd
Contents Page
For the year ended 31 July 2023

Accountants' report	1
Statement of financial position	2
Notes to the financial statements	3

Halcyon Developments Ltd Accountants' Report For the year ended 31 July 2023
Chartered Accountants' report to the board of directors on the preparation of the unaudited statutory accounts of Halcyon Developments Ltd for the year ended 31 July 2023 In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of Halcyon Developments Ltd for the year ended 31 July 2023 which comprise of the Profit and Loss Account, the Statement of Comprehensive Income, the Balance Sheet, the Statement of Changes in Equity and the related notes from the companys accounting records and from information and explanations you have given us. As a practising member firm of the Institute of Chartered Accountants in England and Wales, we are subject to its ethical and other professional requirements which are detailed at www.icaew.com/en/members/regulations-standards-and-guidance This report is made solely to the Board of Directors of Halcyon Developments Ltd , as a body, in accordance with the terms of our engagement letter dated 01 December 2023. Our work has been undertaken solely to prepare for your approval the accounts of Halcyon Developments Ltd and state those matters that we have agreed to state to the Board of Directors of Halcyon Developments Ltd , as a body, in this report in accordance with ICAEW Technical Release 07/16 AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Halcyon Developments Ltd and its Board of Directors as a body for our work or for this report. It is your duty to ensure that Halcyon Developments Ltd has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and profit of Halcyon Developments Ltd . You consider that Halcyon Developments Ltd is exempt from the statutory audit requirement for the year. We have not been instructed to carry out an audit or a review of the accounts of Halcyon Developments Ltd . For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory accounts31 July 2023 .................................................... Bevis & Co 38 College Road Epsom KT17 4HJ 01 December 2023 1

Halcyon Developments Ltd
Accountants' Report
For the year ended 31 July 2023

Chartered Accountants' report to the board of directors on the preparation of the unaudited statutory accounts of Halcyon Developments Ltd for the year ended 31 July 2023
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of Halcyon Developments Ltd for the year ended 31 July 2023 which comprise of the Profit and Loss Account, the Statement of Comprehensive Income, the Balance Sheet, the Statement of Changes in Equity and the related notes from the companys accounting records and from information and explanations you have given us.
As a practising member firm of the Institute of Chartered Accountants in England and Wales, we are subject to its ethical and other professional requirements which are detailed at www.icaew.com/en/members/regulations-standards-and-guidance

This report is made solely to the Board of Directors of Halcyon Developments Ltd , as a body, in accordance with the terms of our engagement letter dated 01 December 2023. Our work has been undertaken solely to prepare for your approval the accounts of Halcyon Developments Ltd and state those matters that we have agreed to state to the Board of Directors of Halcyon Developments Ltd , as a body, in this report in accordance with ICAEW Technical Release 07/16 AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Halcyon Developments Ltd and its Board of Directors as a body for our work or for this report.
It is your duty to ensure that Halcyon Developments Ltd has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and profit of Halcyon Developments Ltd . You consider that Halcyon Developments Ltd is exempt from the statutory audit requirement for the year.
We have not been instructed to carry out an audit or a review of the accounts of Halcyon Developments Ltd . For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory accounts31 July 2023

....................................................
Bevis & Co
38 College Road
Epsom
KT17 4HJ
01 December 2023

Halcyon Developments Ltd
Statement of Financial Position
As at 31 July 2023

	Notes	2023 £	2022 £
Fixed assets
Tangible fixed assets	3	9,502	670
		9,502	670
Current assets
Debtors		746	2,986
Cash at bank and in hand		4,387	3,362
		5,133	6,348
Creditors: amount falling due within one year		(8,634)	(7,013)
Net current liabilities		(3,501)	(665)

Total assets less current liabilities		6,001	5
Net assets		6,001	5

Capital and reserves
Called up share capital		2	2
Profit and loss account		5,999	3
Shareholder's funds		6,001	5

For the year ended 31 July 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476.
The director acknowledges their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.

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 the provisions of Part 15 of the Companies Act 2006. In accordance with Section 444 of the Companies Act 2006, the income statement has not been delivered to the Registrar of Companies.

The members have agreed to the preparation of abridged accounts for this accounting period in accordance with section 444(2A).

The financial statements were approved by the director on 01 December 2023 and were signed by:

-------------------------------
Gary James Williams
Director

Halcyon Developments Ltd
Notes to the Abridged Financial Statements
For the year ended 31 July 2023

General Information

Halcyon Developments Ltd is a private company, limited by shares, registered in , registration number 03075259, registration address Halcyon Developments Ltd , 27 St Marys Avenue, Wallington, Surrey, SM6 7HJ.

The presentation currency is £ sterling.

Accounting policies

Significant accounting policies

Statement of compliance

These financial statements have been prepared in compliance with FRS 102 – The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006.

Basis of preparation

The financial statements have been prepared under the historical cost convention as modified by the revaluation of land and buildings and certain financial instruments measured at fair value in accordance with the accounting policies.

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

Turnover

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

Government grants

Government grants received are credited to deferred income. Grants towards capital expenditure are released to the income statement over the expected useful life of the assets. Grants received towards revenue expenditure are released to the income statement as the related expenditure is incurred.

Taxation

Taxation represents the sum of tax currently payable and deferred tax. Tax is recognised in the statement of income, except to the extent that it relates to items recognised in other comprehensive income or directly in capital and reserves.
The company’s liability for current tax is calculated using the tax rates and laws that have been enacted or substantively enacted at the reporting date.
Current and deferred tax assets and liabilities are not discounted

Tangible fixed assets

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:

Plant and Machinery	25% Reducing Balance
Motor Vehicles	25% Reducing Balance
Computer Equipment	25% Reducing Balance

2.	Average number of employees Average number of employees during the year was 1 (2022 : 1).

Tangible fixed assets

Cost or valuation	Plant and Machinery	Motor Vehicles	Computer Equipment	Total
	£	£	£	£
At 01 August 2022	4,210	3,650	2,361	10,221
Additions	-	12,000	-	12,000
Disposals	-	-	-	-
At 31 July 2023	4,210	15,650	2,361	22,221
Depreciation
At 01 August 2022	4,150	3,163	2,238	9,551
Charge for year	15	3,122	31	3,168
On disposals	-	-	-	-
At 31 July 2023	4,165	6,285	2,269	12,719
Net book values
Closing balance as at 31 July 2023	45	9,365	92	9,502
Opening balance as at 01 August 2022	60	487	123	670