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REGISTERED NUMBER: 04608179 (England and Wales)












HAVEN FOODS LIMITED

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED

31 JANUARY 2024






HAVEN FOODS LIMITED (REGISTERED NUMBER: 04608179)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


HAVEN FOODS LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 JANUARY 2024







DIRECTOR: R M Francis



SECRETARY: Mrs M A Francis



REGISTERED OFFICE: Upton Farm
Cosheston
Pembroke
Pembrokeshire
SA72 4SE



REGISTERED NUMBER: 04608179 (England and Wales)



ACCOUNTANTS: Bevan Buckland LLP
Chartered Accountants
Castle Chambers
6 Westgate Hill
Pembroke
Pembrokeshire
SA71 4LB



BANKERS: Barclays Bank plc
32 High Street
Haverfordwest
Pembrokeshire
SA61 2YP

HAVEN FOODS LIMITED (REGISTERED NUMBER: 04608179)

BALANCE SHEET
31 JANUARY 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 - -
Tangible assets 5 573,909 567,322
573,909 567,322

CURRENT ASSETS
Stocks 40,705 55,000
Debtors 6 60,760 4,236
Cash at bank 9,952 33,193
111,417 92,429
CREDITORS
Amounts falling due within one year 7 74,110 42,728
NET CURRENT ASSETS 37,307 49,701
TOTAL ASSETS LESS CURRENT
LIABILITIES

611,216

617,023

ACCRUALS AND DEFERRED INCOME 299 384
NET ASSETS 610,917 616,639

CAPITAL AND RESERVES
Called up share capital 300 300
Retained earnings 610,617 616,339
SHAREHOLDERS' FUNDS 610,917 616,639

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

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

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 18 October 2024 and were signed by:





R M Francis - Director


HAVEN FOODS LIMITED (REGISTERED NUMBER: 04608179)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2024

1. STATUTORY INFORMATION

Haven Foods 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.

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 0, is being amortised evenly over its estimated useful life of nil 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 each asset over its estimated useful life.
Freehold property - 1% on cost
Improvements to property - 15% reducing balance
Plant and Machinery - 25% 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.

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.

3. EMPLOYEES AND DIRECTORS

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

HAVEN FOODS LIMITED (REGISTERED NUMBER: 04608179)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 JANUARY 2024

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 February 2023
and 31 January 2024 150,000
AMORTISATION
At 1 February 2023
and 31 January 2024 150,000
NET BOOK VALUE
At 31 January 2024 -
At 31 January 2023 -

5. TANGIBLE FIXED ASSETS
Improvements
Freehold to Plant and
property property Machinery Totals
£    £    £    £   
COST
At 1 February 2023 600,000 219,430 189,804 1,009,234
Additions - 1,943 25,482 27,425
At 31 January 2024 600,000 221,373 215,286 1,036,659
DEPRECIATION
At 1 February 2023 82,900 175,787 183,225 441,912
Charge for year 6,000 6,838 8,000 20,838
At 31 January 2024 88,900 182,625 191,225 462,750
NET BOOK VALUE
At 31 January 2024 511,100 38,748 24,061 573,909
At 31 January 2023 517,100 43,643 6,579 567,322

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 842 4,236
Other debtors 59,918 -
60,760 4,236

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade creditors 41,185 4,043
Tax 27,925 26,802
VAT - 6,883
Other creditors 4,000 4,000
Accrued expenses 1,000 1,000
74,110 42,728

HAVEN FOODS LIMITED (REGISTERED NUMBER: 04608179)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 JANUARY 2024

8. RELATED PARTY DISCLOSURES

During the year sales income of £288,949 (2023 £320,298) and rents of £30,000 (2023 £28,000) were received from Upton Farm Frozen Foods Limited, a company controlled by R M & M A Francis. £842 (2023 £Nil) is outstanding at the year end and is included in trade debtors. Also the company purchased equipment from Upton Farm Frozen Foods Limited, all assets were purchased at market value and no amounts were outstanding at the year end.

9. ULTIMATE CONTROLLING PARTY

During the year the company was controlled by T R Francis and C H Francis by virtue of their holding of the B Ordinary shares.