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HAVENSHIELD LIMITED

Registered Number
SC296523
(Scotland)

Unaudited Financial Statements for the Year ended
31 October 2023

HAVENSHIELD LIMITED
Company Information
for the year from 1 November 2022 to 31 October 2023

Directors

KEANE, Robert
KEANE, Robin

Registered Address

19 Adelphi
Aberdeen
AB11 5BL

Registered Number

SC296523 (Scotland)
HAVENSHIELD LIMITED
Balance Sheet as at
31 October 2023

Notes

2023

2022

£

£

£

£

Called up share capital not paid22
Fixed assets
Tangible assets34,3794,912
Investment property4640,592640,592
644,971645,504
Current assets
Debtors458,00719,000
Cash at bank and on hand763862
458,77019,862
Creditors amounts falling due within one year5(112,984)(40,973)
Net current assets (liabilities)345,788(21,109)
Total assets less current liabilities990,759624,395
Creditors amounts falling due after one year6(930,201)(563,921)
Net assets60,55860,474
Capital and reserves
Called up share capital22
Profit and loss account60,55660,472
Shareholders' funds60,55860,474
The financial statements were approved and authorised for issue by the Board of Directors on 11 July 2024, and are signed on its behalf by:
KEANE, Robert
Director
Registered Company No. SC296523
HAVENSHIELD LIMITED
Notes to the Financial Statements
for the year ended 31 October 2023

1.Accounting policies
Statutory information
The company is a private company limited by shares and registered in Scotland. The company's registered number and registered office address can be found on the Company Information page.
Statement of compliance
The financial statements have been prepared in compliance with FRS 102 Section 1A as it applies to the financial statements for the period and there were no material departures from the reporting standard.
Revenue from sale of goods
Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Foreign currency translation
Transactions in foreign currencies are initially recognised at the rate of exchange ruling at the date of the transaction. At the end of each reporting period foreign currency monetary items are translated at the closing rate of exchange. Non-monetary items that are measured at historical cost are translated at the rate ruling at the date of the transaction. All differences are charged to profit or loss.
Tangible fixed assets and depreciation
Tangible fixed assets are stated at cost or valuation less depreciation. Depreciation is provided on all tangible fixed assets as follows:

Straight line (years)
Plant and machinery4
Investment property
Investment property are held at fair value
2.Average number of employees

20232022
Average number of employees during the year00
3.Tangible fixed assets

Fixtures & fittings

Total

££
Cost or valuation
At 01 November 225,3275,327
At 31 October 235,3275,327
Depreciation and impairment
At 01 November 22415415
Charge for year533533
At 31 October 23948948
Net book value
At 31 October 234,3794,379
At 31 October 224,9124,912
4.Investment property

£
Fair value at 01 November 22640,592
At 31 October 23640,592
5.Creditors: amounts due within one year

2023

2022

££
Trade creditors / trade payables15,25316,264
Bank borrowings and overdrafts62,993-
Taxation and social security28,25817,729
Accrued liabilities and deferred income6,4806,980
Total112,98440,973
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
6.Creditors: amounts due after one year

2023

2022

££
Bank borrowings and overdrafts720,135-
Other creditors210,066563,921
Total930,201563,921