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REGISTERED NUMBER: 02532841 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 December 2021

for

Haven Holdings Limited

Haven Holdings Limited (Registered number: 02532841)






Contents of the Financial Statements
for the Year Ended 31 December 2021




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Haven Holdings Limited

Company Information
for the Year Ended 31 December 2021







DIRECTORS: Mrs K M Jones BA Hons
Mr D K Gray





SECRETARY: Mrs K M Jones BA Hons





REGISTERED OFFICE: Measurement House
Kingsway
Swansea West Industrial Estate
SWANSEA
SA5 4EX





REGISTERED NUMBER: 02532841 (England and Wales)





ACCOUNTANTS: Ashmole & Co
First Floor
1 St John's Court
Upper Fforest Way
Enterprise Park
Swansea
SA6 8QQ

Haven Holdings Limited (Registered number: 02532841)

Balance Sheet
31 December 2021

2021 2020
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 2,187 6,613
Investments 5 - -
2,187 6,613

CURRENT ASSETS
Debtors 6 73,491 72,705
Cash at bank 45 45
73,536 72,750
NET CURRENT ASSETS 73,536 72,750
TOTAL ASSETS LESS CURRENT
LIABILITIES

75,723

79,363

PROVISIONS FOR LIABILITIES - 577
NET ASSETS 75,723 78,786

CAPITAL AND RESERVES
Called up share capital 130,000 130,000
Share premium 55,000 55,000
Capital redemption reserve 125,000 125,000
Retained earnings (234,277 ) (231,214 )
SHAREHOLDERS' FUNDS 75,723 78,786

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2021.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2021 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.

Haven Holdings Limited (Registered number: 02532841)

Balance Sheet - continued
31 December 2021


The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

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 and authorised for issue on 29 June 2022 and were signed on its behalf by:





Mrs K M Jones BA Hons - Director


Haven Holdings Limited (Registered number: 02532841)

Notes to the Financial Statements
for the Year Ended 31 December 2021

1. STATUTORY INFORMATION

Haven Holdings 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 Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

GOING CONCERN
These financial statements are prepared on the going concern basis. Despite Covid-19 the directors have a reasonable expectation that the company will continue in operational existence for the foreseeable future.

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 - at varying rates on cost
Motor vehicles - 25% on cost

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.

Haven Holdings Limited (Registered number: 02532841)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2021

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2020 - 1 ) .

4. TANGIBLE FIXED ASSETS
Plant and Motor
machinery vehicles Totals
£    £    £   
COST
At 1 January 2021
and 31 December 2021 127,335 2,500 129,835
DEPRECIATION
At 1 January 2021 120,902 2,320 123,222
Charge for year 4,381 45 4,426
At 31 December 2021 125,283 2,365 127,648
NET BOOK VALUE
At 31 December 2021 2,052 135 2,187
At 31 December 2020 6,433 180 6,613

5. FIXED ASSET INVESTMENTS
Other
investments
£   
COST
At 1 January 2021
and 31 December 2021 252,842
PROVISIONS
At 1 January 2021
and 31 December 2021 252,842
NET BOOK VALUE
At 31 December 2021 -
At 31 December 2020 -

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2021 2020
£    £   
Amounts due from subsidiary
undertaking

73,350

72,705
Other debtors 141 -
73,491 72,705

Haven Holdings Limited (Registered number: 02532841)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2021

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR - continued

The amount due from subsidiary undertaking is due from Haven Automation Limited

7. CONTINGENT LIABILITIES

In respect of bank borrowings there is a cross guarantee and debenture between Haven Holdings Limited and Haven Automation Limited. At 31 December 2021 the aggregate bank balances of the subsidiary undertaking are in credit according to the bank's records.

8. RELATED PARTY DISCLOSURES

The company charged a management charge of £29,590 (2020: £28,722) to its subsidiary undertaking Haven Automation Limited.

Details of a cross guarantee and debenture between Haven Holdings Limited and its subsidiary undertaking Haven Automation Limited in respect of bank borrowings are disclosed in the contingent liabilities section

9. ULTIMATE CONTROLLING PARTY

Mrs K M Jones is the ultimate controlling party