Hallstate Limited - Accounts to registrar (filleted) - small 23.2.5
Hallstate Limited - Accounts to registrar (filleted) - small 23.2.5
| REGISTERED NUMBER: |
| Unaudited Financial Statements for the Year Ended 30 June 2023 |
| for |
| Hallstate Limited |
| Hallstate Limited (Registered number: 03068979) |
| Contents of the Financial Statements |
| for the Year Ended 30 June 2023 |
| Page |
| Company Information | 1 |
| Balance Sheet | 2 |
| Notes to the Financial Statements | 4 |
| Hallstate Limited |
| Company Information |
| for the Year Ended 30 June 2023 |
| DIRECTOR: |
| SECRETARY: |
| REGISTERED OFFICE: |
| REGISTERED NUMBER: |
| ACCOUNTANTS: |
| Chartered Accountants |
| 67 Westow Street |
| London |
| United Kingdom |
| SE19 3RW |
| Hallstate Limited (Registered number: 03068979) |
| Balance Sheet |
| 30 June 2023 |
| 30.6.23 | 30.6.22 |
| Notes | £ | £ | £ | £ |
| FIXED ASSETS |
| Investment property | 5 |
| CURRENT ASSETS |
| Debtors | 6 |
| Cash at bank |
| CREDITORS |
| Amounts falling due within one year | 7 |
| NET CURRENT LIABILITIES | ( |
) | ( |
) |
| TOTAL ASSETS LESS CURRENT LIABILITIES |
| CREDITORS |
| Amounts falling due after more than one year | 8 | ( |
) | ( |
) |
| PROVISIONS FOR LIABILITIES | ( |
) | ( |
) |
| NET ASSETS |
| CAPITAL AND RESERVES |
| Called up share capital |
| Fair value reserve | 9 |
| Retained earnings | 9 |
| SHAREHOLDERS' FUNDS |
| The director acknowledges his 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. |
| Hallstate Limited (Registered number: 03068979) |
| Balance Sheet - continued |
| 30 June 2023 |
| In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered. |
| The financial statements were approved by the director and authorised for issue on |
| Hallstate Limited (Registered number: 03068979) |
| Notes to the Financial Statements |
| for the Year Ended 30 June 2023 |
| 1. | STATUTORY INFORMATION |
| Hallstate Limited is a |
| The presentation currency of the financial statements is the Pound Sterling (£). |
| 2. | STATEMENT OF COMPLIANCE |
| 3. | ACCOUNTING POLICIES |
| Basis of preparing the financial statements |
| Turnover |
| Turnover comprises rental and service charge income receivable on investment properties, all of which are in the United Kingdom. |
| Investment property |
| Investment properties are initially recognised at cost which includes purchase cost and any directly attributable expenditure. Investment properties are measured at fair value. The surplus or deficit arising on the revaluation of investment properties at their fair values are recognised in the income statement. |
| Taxation |
| Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, 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. |
| 4. | EMPLOYEES AND DIRECTORS |
| The average number of employees during the year was NIL (2022 - NIL). |
| Hallstate Limited (Registered number: 03068979) |
| Notes to the Financial Statements - continued |
| for the Year Ended 30 June 2023 |
| 5. | INVESTMENT PROPERTY |
| Total |
| £ |
| FAIR VALUE |
| At 1 July 2022 |
| Additions |
| At 30 June 2023 |
| NET BOOK VALUE |
| At 30 June 2023 |
| At 30 June 2022 |
| Fair value at 30 June 2023 is represented by: |
| £ |
| Valuation in 2004 | 479,342 |
| Valuation in 2016 | 3,233,394 |
| Cost | 607,764 |
| 4,320,500 |
| If the investment properties had not been revalued they would have been included at the following historical cost: |
| 30.6.23 | 30.6.22 |
| £ | £ |
| Cost | 587,264 | 587,264 |
| The investment properties were valued on an open market basis on 30 June 2016 by the directors . |
| 6. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
| 30.6.23 | 30.6.22 |
| £ | £ |
| Trade debtors |
| 7. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
| 30.6.23 | 30.6.22 |
| £ | £ |
| Bank loans and overdrafts |
| Taxation and social security |
| Other creditors |
| Hallstate Limited (Registered number: 03068979) |
| Notes to the Financial Statements - continued |
| for the Year Ended 30 June 2023 |
| 8. | CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR |
| 30.6.23 | 30.6.22 |
| £ | £ |
| Amounts owed to group undertakings |
| Interest on the loan from group undertakings is charged at 2.5% over bank base rate and is secured by a second mortgage over the investment properties. There is no determined repayment date. |
| 9. | RESERVES |
| Fair |
| Retained | value |
| earnings | reserve | Totals |
| £ | £ | £ |
| At 1 July 2022 | 3,313,757 |
| Profit for the year |
| At 30 June 2023 | 3,329,119 |
| 10. | RELATED PARTY DISCLOSURES |
| At 30 June 2023 there was a loan plus accrued interest from the Premishlaner Charitable Trust, the controlling party, of £324,858. |
| Gifts totalling £55,174 were paid to Premishlaner Charitable Trust during the year. |