Halfpot Limited - Accounts to registrar - small 17.1

Halfpot Limited - Accounts to registrar - small 17.1

HALFPOT LIMITED - Company Information

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REGISTERED NUMBER: 09421633 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 January 2017

for

Halfpot Limited

Halfpot Limited (Registered number: 09421633)






Contents of the Financial Statements
for the Year Ended 31 January 2017




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


Halfpot Limited

Company Information
for the Year Ended 31 January 2017







DIRECTOR: Mrs C S Johnston





REGISTERED OFFICE: 24 Picton House
Hussar Court
Waterlooville
Hampshire
PO7 7SQ





REGISTERED NUMBER: 09421633 (England and Wales)





ACCOUNTANTS: Johnston Wood Roach Limited
24 Picton House
Hussar Court
Waterlooville
Hampshire
PO7 7SQ
Page 1
Halfpot Limited (Registered number: 09421633)

Balance Sheet
31 January 2017

31.1.17 31.1.16
Notes £    £    £    £   
FIXED ASSETS
Investment property 3 949,683 469,683

CURRENT ASSETS
Debtors 4 1,166 -
Cash at bank 245,720 290,065
246,886 290,065
CREDITORS
Amounts falling due within one year 5 5,646 759,747
NET CURRENT ASSETS/(LIABILITIES) 241,240 (469,682 )
TOTAL ASSETS LESS CURRENT
LIABILITIES
1,190,923
1

CAPITAL AND RESERVES
Called up share capital 1 1
Retained earnings 1,190,922 -
SHAREHOLDERS' FUNDS 1,190,923 1

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 January 2017.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 January 2017 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges her 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 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 director on 17 October 2017 and were signed by:





Mrs C S Johnston - Director


The notes form part of these financial statements

Page 2
Halfpot Limited (Registered number: 09421633)

Notes to the Financial Statements
for the Year Ended 31 January 2017

1. STATUTORY INFORMATION

Halfpot 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.

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.

Financial Reporting Standard 102 - Reduced Disclosure Exemptions
The company has taken advantage of the following disclosure exemptions in preparing these financial
statements, as permitted by FRS 102 "The Financial Reporting Standard applicable in the UK and Republic of
Ireland":

- the requirements of Section 7 Statement of Cash Flows - Presentation of a Statement of Cash Flow and related
notes and disclosures;

- the requirements of Section 11 'Basic Financial Instruments' & Section 12 'Other Financial Instrument Issues' -
Carrying amounts, interest income/expense and net gains/losses for each category of financial instrument; basis
of determining fair values; details of collateral, loan defaults or breaches, details of hedges, hedging fair value
changes recognised in the profit or loss and in other comprehensive income.

- Section 33 'Related Party Disclosures' - Compensation for key management personnel.

First time adoption of FRS 102
These financial statements are the first financial statements of Halfpot Limited prepared in accordance with
Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of
Ireland' (FRS 102). The financial statements of Halfpot Limited for the year ended 31 January 2016 were
prepared in accordance with previous UK GAAP.

Some of the FRS 102 recognition, measurement, presentation and disclosure requirements and accounting policy
choices differ from previous UK GAAP. Consequently, the directors have amended certain accounting policies
to comply with FRS 102. The directors have also taken advantage of certain exemptions from the requirements
of FRS 102 permitted by FRS 102 Chapter 35 'Transition to this FRS'.

Monetary amounts in these financial statements are rounded to the nearest whole £1, except where otherwise
indicated.

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.

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 that have been enacted or
substantively enacted by the balance sheet date.


Page 3 continued...
Halfpot Limited (Registered number: 09421633)

Notes to the Financial Statements - continued
for the Year Ended 31 January 2017

2. ACCOUNTING POLICIES - continued
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.

3. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 February 2016 469,683
Additions 480,000
At 31 January 2017 949,683
NET BOOK VALUE
At 31 January 2017 949,683
At 31 January 2016 469,683

4. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.1.17 31.1.16
£    £   
Trade debtors 865 -
Other debtors 301 -
1,166 -

5. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.1.17 31.1.16
£    £   
Trade creditors 1 1
Amounts owed to group undertakings - 752,408
Taxation and social security 5,645 7,122
Other creditors - 216
5,646 759,747

Page 4 continued...
Halfpot Limited (Registered number: 09421633)

Notes to the Financial Statements - continued
for the Year Ended 31 January 2017

6. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the year ended 31 January 2017 and the period
ended 31 January 2016:

31.1.17 31.1.16
£    £   
Mrs C S Johnston
Balance outstanding at start of year (216 ) -
Amounts advanced 216 -
Amounts repaid - (216 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year - (216 )

7. ULTIMATE CONTROLLING PARTY

The controlling party is Mrs C S Johnston.

8. FIRST YEAR ADOPTION

The company transitioned to FRS 102 from previously extant UK GAAP as at 1 February 2016.

There has been no impact on the equity of the company or the profit previously reported as a result of the
transition.


Page 5