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REGISTERED NUMBER: 06285686 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 March 2023

for

HAVEN HOME LOANS LIMITED

HAVEN HOME LOANS LIMITED (REGISTERED NUMBER: 06285686)






Contents of the Financial Statements
for the Year Ended 31 March 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


HAVEN HOME LOANS LIMITED

Company Information
for the Year Ended 31 March 2023







DIRECTOR: N M Jones





REGISTERED OFFICE: 2b Meeching Road
Newhaven
East Sussex
BN9 9QX





REGISTERED NUMBER: 06285686 (England and Wales)





ACCOUNTANTS: MDJ Services Limited
Unit A6
Chaucer Business Park
Dittons Road
Polegate
East Sussex
BN26 6QH

HAVEN HOME LOANS LIMITED (REGISTERED NUMBER: 06285686)

Balance Sheet
31 March 2023

31.3.23 31.3.22
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 - -
Tangible assets 5 3,459 4,890
3,459 4,890

CURRENT ASSETS
Debtors 6 61,823 71,970
Cash at bank and in hand 155,534 202,473
217,357 274,443
CREDITORS
Amounts falling due within one year 7 59,051 84,898
NET CURRENT ASSETS 158,306 189,545
TOTAL ASSETS LESS CURRENT
LIABILITIES

161,765

194,435

CREDITORS
Amounts falling due after more than one year 8 (25,838 ) (36,282 )

PROVISIONS FOR LIABILITIES (657 ) (886 )
NET ASSETS 135,270 157,267

CAPITAL AND RESERVES
Called up share capital 9 2 2
Retained earnings 135,268 157,265
SHAREHOLDERS' FUNDS 135,270 157,267

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2023 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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 HOME LOANS LIMITED (REGISTERED NUMBER: 06285686)

Balance Sheet - continued
31 March 2023


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 director and authorised for issue on 23 November 2023 and were signed by:





N M Jones - Director


HAVEN HOME LOANS LIMITED (REGISTERED NUMBER: 06285686)

Notes to the Financial Statements
for the Year Ended 31 March 2023

1. STATUTORY INFORMATION

Haven Home Loans 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.

The presentation currency of the financial statements is the Pound Sterling (£).


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.

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

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2009, is being amortised evenly over its estimated useful life of ten years.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off the cost less estimated residual value of each asset over its estimated useful life.
Office equipment - 15% on reducing balance
Computer equipment - 33% on reducing balance

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.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

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.

HAVEN HOME LOANS LIMITED (REGISTERED NUMBER: 06285686)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2023

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2022 - 2 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 April 2022
and 31 March 2023 5,760
AMORTISATION
At 1 April 2022
and 31 March 2023 5,760
NET BOOK VALUE
At 31 March 2023 -
At 31 March 2022 -

5. TANGIBLE FIXED ASSETS
Office Computer
equipment equipment Totals
£    £    £   
COST
At 1 April 2022
and 31 March 2023 7,444 23,879 31,323
DEPRECIATION
At 1 April 2022 6,430 20,003 26,433
Charge for year 152 1,279 1,431
At 31 March 2023 6,582 21,282 27,864
NET BOOK VALUE
At 31 March 2023 862 2,597 3,459
At 31 March 2022 1,014 3,876 4,890

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.23 31.3.22
£    £   
Other debtors 36,823 46,863
Related Company loan 25,000 25,000
Prepayments - 107
61,823 71,970

HAVEN HOME LOANS LIMITED (REGISTERED NUMBER: 06285686)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2023

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.23 31.3.22
£    £   
Bank loans and overdrafts 10,002 9,559
Trade creditors 8,830 12,483
Tax 3,278 12,312
Social security and other taxes 196 225
Other creditors 80 -
Directors' current accounts 854 485
Accruals and deferred income 35,811 49,834
59,051 84,898

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
31.3.23 31.3.22
£    £   
Bank loans - 1-2 years 10,002 9,801
Bank loans - 2-5 years 15,836 26,481
25,838 36,282

9. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.3.23 31.3.22
value: £    £   
2 Ordinary £1 2 2