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Company Registration No. 13075690 (England and Wales)
Haven Property Enterprises Ltd Unaudited accounts for the year ended 31 December 2023
Haven Property Enterprises Ltd Unaudited accounts Contents
Page
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Haven Property Enterprises Ltd Company Information for the year ended 31 December 2023
Directors
Herjinder Rai Bhupinder Singh
Company Number
13075690 (England and Wales)
Registered Office
Europa House 20 Esplanade Scarborough North Yorkshire YO11 2AQ England
Accountants
Wright Pottage Limited Europa House 20 Esplanade Scarborough North Yorkshire YO11 2AQ
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Haven Property Enterprises Ltd Statement of financial position as at 31 December 2023
2023 
2022 
Notes
£ 
£ 
Fixed assets
Tangible assets
13,858 
688,840 
Investment property
700,000 
- 
713,858 
688,840 
Current assets
Debtors
307 
- 
Cash at bank and in hand
5,602 
381 
5,909 
381 
Creditors: amounts falling due within one year
(312,305)
(301,544)
Net current liabilities
(306,396)
(301,163)
Total assets less current liabilities
407,462 
387,677 
Creditors: amounts falling due after more than one year
(434,695)
(434,695)
Provisions for liabilities
Deferred tax
(7,851)
- 
Net liabilities
(35,084)
(47,018)
Capital and reserves
Called up share capital
100 
100 
Revaluation reserve
22,245 
- 
Profit and loss account
(57,429)
(47,118)
Shareholders' funds
(35,084)
(47,018)
For the year ending 31 December 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 19 September 2024 and were signed on its behalf by
Herjinder Rai Director Company Registration No. 13075690
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Haven Property Enterprises Ltd Notes to the Accounts for the year ended 31 December 2023
1
Statutory information
Haven Property Enterprises Ltd is a private company, limited by shares, registered in England and Wales, registration number 13075690. The registered office is Europa House, 20 Esplanade, Scarborough, North Yorkshire, YO11 2AQ, England.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Fixtures & fittings
25% reducing balance
Going concern
These accounts have been prepared on the going concern basis, on the understanding that the directors and shareholders will continue to financially support the company during this uncertain period
Investment property
The completed investment properties are stated at fair value in accordance with the requirements of Section 1A ''Small Entities'' of Financial Reporting Standard 102 ''The Financial Reporting Standard applicable in the UK and Republic of Ireland''. The investment properties have been valued by the directors at fair value taking into account existing tenancy arrangements. During the year a increase in the fair value of investment properties of £27,463 has been included directly in the profit and loss account.
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Haven Property Enterprises Ltd Notes to the Accounts for the year ended 31 December 2023
4
Tangible fixed assets
Land & buildings 
Fixtures & fittings 
Total 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At 1 January 2023
672,537 
27,319 
699,856 
Disposals
(672,537)
- 
(672,537)
At 31 December 2023
- 
27,319 
27,319 
Depreciation
At 1 January 2023
- 
11,016 
11,016 
Charge for the year
- 
2,445 
2,445 
At 31 December 2023
- 
13,461 
13,461 
Net book value
At 31 December 2023
- 
13,858 
13,858 
At 31 December 2022
672,537 
16,303 
688,840 
5
Investment property
2023 
£ 
Additions
672,537 
Net gain from fair value adjustments
27,463 
At 31 December 2023
700,000 
The company changed the classification of land and buildings to that of investment property in the year. All freehold property is held as investment property.
6
Debtors
2023 
2022 
£ 
£ 
Amounts falling due within one year
Accrued income and prepayments
307 
- 
7
Creditors: amounts falling due within one year
2023 
2022 
£ 
£ 
Loans from directors
311,525 
300,014 
Accruals
780 
1,530 
312,305 
301,544 
8
Creditors: amounts falling due after more than one year
2023 
2022 
£ 
£ 
Bank loans
434,695 
434,695 
9
Average number of employees
During the year the average number of employees was 0 (2022: 0).
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