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REGISTERED NUMBER: 02181722 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 March 2024

for

Hafren Investments Ltd

Hafren Investments Ltd (Registered number: 02181722)






Contents of the Financial Statements
for the Year Ended 31 March 2024




Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 4


Hafren Investments Ltd

Company Information
for the Year Ended 31 March 2024







DIRECTORS: P. D. Goacher
C. R. Cava





SECRETARY: C. R. Cava





REGISTERED OFFICE: 21 Priory Avenue
Turnham Green
Chiswick
London
W4 1TZ





REGISTERED NUMBER: 02181722 (England and Wales)





ACCOUNTANTS: Preston Accountants Limited.
Chartered Certified Accountants
1 Carlton Parade
Preston Road
Wembley
Middlesex
HA9 8NE

Hafren Investments Ltd (Registered number: 02181722)

Statement of Financial Position
31 March 2024

31.3.24 31.3.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 2,643 2,804

CURRENT ASSETS
Stocks 5 4,677,014 4,575,157
Debtors 6 199,077 269,077
Investments 7 84,003 84,003
Cash at bank 313,847 112,662
5,273,941 5,040,899
CREDITORS
Amounts falling due within one year 8 4,772 6,787
NET CURRENT ASSETS 5,269,169 5,034,112
TOTAL ASSETS LESS CURRENT
LIABILITIES

5,271,812

5,036,916

CAPITAL AND RESERVES
Called up share capital 9 11 11
Share premium 39,996 39,996
Retained earnings 5,231,805 4,996,909
SHAREHOLDERS' FUNDS 5,271,812 5,036,916

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2024 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.

Hafren Investments Ltd (Registered number: 02181722)

Statement of Financial Position - continued
31 March 2024


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 Statement of Comprehensive Income has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 24 July 2024 and were signed on its behalf by:





P. D. Goacher - Director


Hafren Investments Ltd (Registered number: 02181722)

Notes to the Financial Statements
for the Year Ended 31 March 2024

1. STATUTORY INFORMATION

Hafren Investments Ltd 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.

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.
Computer equipment - 20% 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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2023 - 1 ) .

4. TANGIBLE FIXED ASSETS
Freehold Computer
property equipment Totals
£    £    £   
COST
At 1 April 2023
and 31 March 2024 2,000 1,609 3,609
DEPRECIATION
At 1 April 2023 - 805 805
Charge for year - 161 161
At 31 March 2024 - 966 966
NET BOOK VALUE
At 31 March 2024 2,000 643 2,643
At 31 March 2023 2,000 804 2,804

5. STOCKS
31.3.24 31.3.23
£    £   
Stocks 4,677,014 4,575,157

Hafren Investments Ltd (Registered number: 02181722)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2024

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Other debtors 199,077 269,077

7. CURRENT ASSET INVESTMENTS
31.3.24 31.3.23
£    £   
Shares in subsidiaries 84,003 84,003

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Tax - 2,284
Directors' loan accounts 1,546 1,277
Accrued expenses 3,226 3,226
4,772 6,787

9. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.3.24 31.3.23
value: £    £   
11 Ordinary 1 11 11

10. TRADE INVESTMENTS - SUBSIDIARY UNDERTAKINGS (AS PER NOTE 10)

During the year the company held shares in the following subsidiaries:

Proportion of
Shares issued
Cost of Shares
held
£
JJP Properties Limited Ordinary shares 50% 2
Adaptable Trading Co Limited Ordinary Shares 26% 84001
84003

11. STOCKS

The company's stock consist of quoted shares and unquoted shares.
They are stated at the lower of cost and estimated selling price less costs to complete and sell.
Net realisable value is based on the estimated selling price less any estimate completion or selling costs.
When stocks are sold the carrying amount of those stocks is recognised as an expense in the period in which the related revenue is recognised.
In the accounts to 31 March 2024 the stocks of shares were revalued at £4,677,014 and recognised in the Trading and profit and loss account and Statement of financial position.