Hallamgate Properties Limited - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 04909773 (England and Wales)

Unaudited Financial Statements for the Year Ended 31 December 2018

for

Hallamgate Properties Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

Mr S S Choker

Mr C S Choker

Mrs R K Dhami

SECRETARY:

Mr S S Choker

REGISTERED OFFICE:

136 Whitham Road

Broomhill

Sheffield

South Yorkshire

S10 2SR

REGISTERED NUMBER:

04909773 (England and Wales)

ACCOUNTANTS:

Sutton McGrath Hartley Limited

5 Westbrook Court

Sharrowvale Road

Sheffield

South Yorkshire

S11 8YZ

FIXED ASSETS

Tangible assets

4

-

-

Investment property

5

4,016,000

4,016,000

4,016,000

4,016,000

CURRENT ASSETS

Debtors

6

1,001,823

1,551,104

Cash at bank

147,998

156,122

1,149,821

1,707,226

CREDITORS

Amounts falling due within one year

7

238,184

1,231,739

NET CURRENT ASSETS

911,637

475,487

TOTAL ASSETS LESS CURRENT LIABILITIES

4,927,637

4,491,487

CREDITORS

Amounts falling due after more than one year

8

(2,052,736

)

(1,230,873

)

PROVISIONS FOR LIABILITIES

(136,925

)

(136,925

)

NET ASSETS

2,737,976

3,123,689

CAPITAL AND RESERVES

Called up share capital

9

200

200

Revaluation reserve

10

1,400,228

1,400,228

Retained earnings

10

1,337,548

1,723,261

SHAREHOLDERS' FUNDS

2,737,976

3,123,689

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2018.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2018 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 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 24 January 2019 and were signed on its behalf by:

Mr S S Choker - Director

1.	STATUTORY INFORMATION

Hallamgate Properties 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 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

-

20% on cost

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 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.

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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 3 (2017 - 3 ) .

4.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1 January 2018

and 31 December 2018

559

DEPRECIATION

At 1 January 2018

and 31 December 2018

559

NET BOOK VALUE

At 31 December 2018

-

5.	INVESTMENT PROPERTY

Total

£

FAIR VALUE

At 1 January 2018

and 31 December 2018

4,016,000

NET BOOK VALUE

At 31 December 2018

4,016,000

At 31 December 2017

4,016,000

Fair value at 31 December 2018 is represented by:

£

Valuation in 2017

4,016,000

If investment properties had not been revalued they would have been included at the following historical cost:

2018

2017

£

£

Cost

2,478,847

2,478,847

Investment properties were valued on an open market basis on 31 December 2017 by the directors .

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2018

2017

£

£

Other debtors

1,001,823

1,551,104

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2018

2017

£

£

Bank loans and overdrafts

127,350

127,350

Taxation and social security

51,379

88,338

Other creditors

59,455

1,016,051

238,184

1,231,739

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2018

2017

£

£

Bank loans

1,105,015

1,230,873

Other creditors

947,721

-

2,052,736

1,230,873

Amounts falling due in more than five years:

Repayable otherwise than by instalments

Bank loans more 5 yrs

595,615

721,473

9.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2018

2017

value:

£

£

100

ordinary

£1

100

100

100

ordinary B

£1

100

100

200

200

10.

RESERVES

Retained

Revaluation

earnings

reserve

Totals

£

£

£

At 1 January 2018

1,723,261

1,400,228

3,123,489

Profit for the year

219,037

219,037

Dividends

(604,750

)

(604,750

)

At 31 December 2018

1,337,548

1,400,228

2,737,776