Halo Housing Ltd - Accounts to registrar - small 16.3d

Halo Housing Ltd - Accounts to registrar - small 16.3d

HALO HOUSING LTD - Company Information

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REGISTERED NUMBER: 07898842 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 SEPTEMBER 2016

FOR

HALO HOUSING LTD

HALO HOUSING LTD (REGISTERED NUMBER: 07898842)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2016










Page

Company Information 1

Chartered Certified Accountants' Report 2

Balance Sheet 3

Notes to the Financial Statements 5


HALO HOUSING LTD

COMPANY INFORMATION
FOR THE YEAR ENDED 30 SEPTEMBER 2016







DIRECTORS: A Sattar
G Bafhtiar





REGISTERED OFFICE: 2 Lake End Court
Taplow Road
Taplow
Maidenhead
Barkshire
SL6 0JQ





REGISTERED NUMBER: 07898842 (England and Wales)





ACCOUNTANTS: Stiles & Company
Chartered Certified Accountants
2 Lake End Court
Taplow
Maidenhead
Berkshire
SL6 0JQ
Page 1
CHARTERED CERTIFIED ACCOUNTANTS' REPORT TO THE BOARD OF DIRECTORS
ON THE UNAUDITED FINANCIAL STATEMENTS OF
HALO HOUSING LTD


The following reproduces the text of the report prepared for the directors and members in respect of the
company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is
only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other
primary statements and the Report of the Directors are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the
financial statements of Halo Housing Ltd for the year ended 30 September 2016 which comprise the Income Statement,
Balance Sheet and the related notes from the company's accounting records and from information and explanations you
have given us.

As a practising member firm of the Association of Chartered Certified Accountants, we are subject to its ethical and other professional requirements which are detailed at http://www.accaglobal.com/rulebook.

This report is made solely to the Board of Directors of Halo Housing Ltd, as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Halo Housing Ltd and state those matters that we have agreed to state to the Board of Directors of Halo Housing Ltd, as a body, in this report in accordance with the requirements of the Association of Chartered Certified Accountants as detailed at http://www.accaglobal.com/factsheet163. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the company and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that Halo Housing Ltd has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Halo Housing Ltd. You consider that Halo Housing 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 financial statements of Halo Housing 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 financial statements.






Stiles & Company
Chartered Certified Accountants
2 Lake End Court
Taplow
Maidenhead
Berkshire
SL6 0JQ


17 January 2017

This page does not form part of the statutory financial statements

Page 2
HALO HOUSING LTD (REGISTERED NUMBER: 07898842)

BALANCE SHEET
30 SEPTEMBER 2016

30.9.16 30.9.15
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 3 907 1,209
Investment property 4 1,200,000 944,770
1,200,907 945,979

CURRENT ASSETS
Debtors 5 16,718 16,718
Cash at bank 93,873 47,538
110,591 64,256
CREDITORS
Amounts falling due within one year 6 552,972 550,641
NET CURRENT LIABILITIES (442,381 ) (486,385 )
TOTAL ASSETS LESS CURRENT
LIABILITIES
758,526
459,594

CREDITORS
Amounts falling due after more than one
year
7
(520,292
)
(556,262
)

PROVISIONS FOR LIABILITIES (32,151 ) -
NET ASSETS/(LIABILITIES) 206,083 (96,668 )

CAPITAL AND RESERVES
Called up share capital 100 100
Fair value reserve 9 223,079 -
Retained earnings (17,096 ) (96,768 )
SHAREHOLDERS' FUNDS 206,083 (96,668 )

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 September 2016.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 September 2016 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 notes form part of these financial statements

Page 3 continued...
HALO HOUSING LTD (REGISTERED NUMBER: 07898842)

BALANCE SHEET - continued
30 SEPTEMBER 2016


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.

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

The financial statements were approved by the Board of Directors on 17 January 2017 and were signed on its behalf by:




G Bafhtiar - Director



A Sattar - Director


The notes form part of these financial statements

Page 4
HALO HOUSING LTD (REGISTERED NUMBER: 07898842)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2016


1. STATUTORY INFORMATION

Halo Housing Ltd 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.

2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with the provisions of Section 1A "Small Entities" 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 cost convention as modified by the revaluation of certain assets.

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

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

Investment property
Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in
fair value is recognised in profit or loss.

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

3. TANGIBLE FIXED ASSETS
Plant and
machinery
£   
COST
At 1 October 2015
and 30 September 2016 2,866
DEPRECIATION
At 1 October 2015 1,657
Charge for year 302
At 30 September 2016 1,959
NET BOOK VALUE
At 30 September 2016 907
At 30 September 2015 1,209

The land and buildings owned are now reflected as an Investment Property.

Page 5 continued...
HALO HOUSING LTD (REGISTERED NUMBER: 07898842)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 SEPTEMBER 2016


4. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 October 2015 944,770
Revaluations 255,230
At 30 September 2016 1,200,000
NET BOOK VALUE
At 30 September 2016 1,200,000
At 30 September 2015 944,770

Cost or valuation at 30 September 2016 is represented by:

£   
Valuation in 2016 255,230
Cost 944,770
1,200,000

If investment property had not been revalued it would have been included at the following historical cost:

30.9.16 30.9.15
£    £   
Cost 944,770 944,770

Investment property was valued on an open market basis on 31 August 2016 by Savills .

No revaluation took place in 2015, as the market value of the investment property was assessed not to be
materially different to it's original cost.

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.9.16 30.9.15
£    £   
Other debtors 16,718 16,718

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.9.16 30.9.15
£    £   
Bank loans and overdrafts 35,008 32,617
Trade creditors - 60
Amounts owed to group undertakings 517,028 517,028
Other creditors 936 936
552,972 550,641

Page 6 continued...
HALO HOUSING LTD (REGISTERED NUMBER: 07898842)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 SEPTEMBER 2016


7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
30.9.16 30.9.15
£    £   
Bank loans 520,292 556,262

Amounts falling due in more than five years:

Repayable by instalments
Bank loans more 5 yr by instal 520,292 556,262

8. SECURED DEBTS

The following secured debts are included within creditors:

30.9.16 30.9.15
£    £   
Bank loans 555,300 588,879

Secured by a fixed charge on the investment property by the company's bank.

9. RESERVES
Fair
value
reserve
£   
Property revaluation 223,079

At 30 September 2016 223,079

10. RELATED PARTY DISCLOSURES

At the year end the company owed £517,028 to a connected company to the Directors. This loan is repayable on
demand, with no interest charges.

Page 7