Company Registration No. 12094205 (England and Wales)
K Hall Properties Ltd
Unaudited accounts
for the year ended 31 July 2021
K Hall Properties Ltd
Unaudited accounts
Contents
K Hall Properties Ltd
Statement of financial position
as at
31 July 2021
Investment property
206,361
206,361
Cash at bank and in hand
3,597
12,135
Creditors: amounts falling due within one year
(52,328)
(55,929)
Net current liabilities
(48,731)
(43,794)
Total assets less current liabilities
157,630
162,567
Creditors: amounts falling due after more than one year
(167,643)
(169,071)
Net liabilities
(10,013)
(6,504)
Called up share capital
2
2
Profit and loss account
(10,015)
(6,506)
Shareholders' funds
(10,013)
(6,504)
For the year ending 31 July 2021 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts 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 FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 14 April 2022 and were signed on its behalf by
Karen Hall
Director
Company Registration No. 12094205
K Hall Properties Ltd
Notes to the Accounts
for the year ended 31 July 2021
K Hall Properties Ltd is a private company, limited by shares, registered in England and Wales, registration number 12094205. The registered office is 16 Western Park, Hawthorn, Seaham, SR7 8BF, England.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Turnover represents the value of services provided under contracts to the extent that there is a right to consideration and is recorded at the value of the consideration due.
Investment property is included at market fair value. Gains are recognised in the income statement.
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws.
Deferred tax assets and liabilities are not discounted.
4
Investment property
2021
Fair value at 1 August 2020
206,361
The fixed asset investment properties are included at open market value and these are deemed by the directors at 31st July 2021 to be represented by the cost as disclosed.
K Hall Properties Ltd
Notes to the Accounts
for the year ended 31 July 2021
5
Creditors: amounts falling due within one year
2021
2020
Bank loans and overdrafts
1,909
330
Taxes and social security
5
-
Loans from directors
50,114
55,299
6
Creditors: amounts falling due after more than one year
2021
2020
Bank loans
167,643
169,071
7
Average number of employees
During the year the average number of employees was 0 (2020: 0).