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REGISTERED NUMBER: 08403189















Financial Statements for the Year Ended 28 February 2023

for

HAVILAH GOLD AND DIAMONDS LTD

HAVILAH GOLD AND DIAMONDS LTD (REGISTERED NUMBER: 08403189)

Contents of the Financial Statements
for the Year Ended 28 February 2023










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


HAVILAH GOLD AND DIAMONDS LTD

Company Information
for the Year Ended 28 February 2023







DIRECTORS: Ms O Ogebule
D Kujore





REGISTERED OFFICE: 86 Genesta Road
Shooters Hill
London
SE18 3EU





REGISTERED NUMBER: 08403189





ACCOUNTANTS: Samuelsons & Co
Chartered Certified Accountants
The Brentano Suite
Solar House
915 High Road
North Finchley
London
N12 8QJ

HAVILAH GOLD AND DIAMONDS LTD (REGISTERED NUMBER: 08403189)

Balance Sheet
28 February 2023

28.2.23 28.2.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 693 693

CURRENT ASSETS
Stocks 5 767,220 632,450

CREDITORS
Amounts falling due within one year 6 996,402 804,932
NET CURRENT LIABILITIES (229,182 ) (172,482 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

(228,489

)

(171,789

)

CREDITORS
Amounts falling due after more than one
year

7

122,000

122,000
NET LIABILITIES (350,489 ) (293,789 )

CAPITAL AND RESERVES
Called up share capital 8 550 550
Retained earnings 9 (351,039 ) (294,339 )
SHAREHOLDERS' FUNDS (350,489 ) (293,789 )

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 28 February 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 28 February 2023 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.

HAVILAH GOLD AND DIAMONDS LTD (REGISTERED NUMBER: 08403189)

Balance Sheet - continued
28 February 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 Board of Directors and authorised for issue on 13 February 2024 and were signed on its behalf by:





Ms O Ogebule - Director


HAVILAH GOLD AND DIAMONDS LTD (REGISTERED NUMBER: 08403189)

Notes to the Financial Statements
for the Year Ended 28 February 2023


1. STATUTORY INFORMATION

Havilah Gold And Diamonds Ltd is a private company, limited by shares , registered in Not specified/Other. 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.

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.
Fixtures and fittings - 25% on reducing balance

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2022 - 2 ) .

HAVILAH GOLD AND DIAMONDS LTD (REGISTERED NUMBER: 08403189)

Notes to the Financial Statements - continued
for the Year Ended 28 February 2023


4. TANGIBLE FIXED ASSETS
Fixtures
and
fittings
£   
COST
At 1 March 2022
and 28 February 2023 5,750
DEPRECIATION
At 1 March 2022
and 28 February 2023 5,057
NET BOOK VALUE
At 28 February 2023 693
At 28 February 2022 693

5. STOCKS
28.2.23 28.2.22
£    £   
Stocks 767,220 632,450

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
28.2.23 28.2.22
£    £   
Trade creditors 10,000 10,000
Other creditors 447,835 447,835
Directors' current accounts 538,327 346,857
Accrued expenses 240 240
996,402 804,932

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
28.2.23 28.2.22
£    £   
Other loans - 2-5 years 122,000 122,000

8. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 28.2.23 28.2.22
value: £    £   
550 Ordinary £1 550 550

HAVILAH GOLD AND DIAMONDS LTD (REGISTERED NUMBER: 08403189)

Notes to the Financial Statements - continued
for the Year Ended 28 February 2023


9. RESERVES
Retained
earnings
£   

At 1 March 2022 (294,339 )
Deficit for the year (56,700 )
At 28 February 2023 (351,039 )