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REGISTERED NUMBER: 03262151 (England and Wales)














Unaudited Financial Statements

for the Year Ended 31 March 2024

for

HAYVENHURSTS LIMITED

HAYVENHURSTS LIMITED (REGISTERED NUMBER: 03262151)






Contents of the Financial Statements
FOR THE YEAR ENDED 31 MARCH 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


HAYVENHURSTS LIMITED

Company Information
FOR THE YEAR ENDED 31 MARCH 2024







DIRECTORS: Mr P T Felman
Mr S F Cox
Mrs H Smith
Mr G R Williams
Mr M D Felman



SECRETARY: Mr P T Felman



REGISTERED OFFICE: Fairway House
Links Business Park
St.Mellons
Cardiff
South Glamorgan
CF3 0LT



REGISTERED NUMBER: 03262151 (England and Wales)



BANKERS: Barclays Bank Plc
Corporate Banking Centre
Ty Glas Avenue
Llanishen
Cardiff
CF14 5LT

HAYVENHURSTS LIMITED (REGISTERED NUMBER: 03262151)

Balance Sheet
31 MARCH 2024

2024 2023
Notes £    £   
FIXED ASSETS
Intangible assets 4 1,023,679 1,023,679
Tangible assets 5 18,469 22,863
Investments 6 301,200 301,200
1,343,348 1,347,742

CURRENT ASSETS
Stocks 31,073 28,880
Debtors 7 971,223 913,613
Cash at bank and in hand 214,460 321,997
1,216,756 1,264,490
CREDITORS
Amounts falling due within one year 8 (1,656,531 ) (1,635,106 )
NET CURRENT LIABILITIES (439,775 ) (370,616 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

903,573

977,126

CREDITORS
Amounts falling due after more than
one year

9

(26,548

)

(47,376

)
NET ASSETS 877,025 929,750

HAYVENHURSTS LIMITED (REGISTERED NUMBER: 03262151)

Balance Sheet - continued
31 MARCH 2024

2024 2023
Notes £    £   
CAPITAL AND RESERVES
Called up share capital 151 151
Retained earnings 876,874 929,599
SHAREHOLDERS' FUNDS 877,025 929,750

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.

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 31 October 2024 and were signed on its behalf by:





Mr S F Cox - Director


HAYVENHURSTS LIMITED (REGISTERED NUMBER: 03262151)

Notes to the Financial Statements
FOR THE YEAR ENDED 31 MARCH 2024

1. STATUTORY INFORMATION

Hayvenhursts 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
Amortisation is not provided in accordance with FRS 10 since the directors consider the value is fairly stated.


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.
Computer equipment - 33% on cost

Stocks
Work in progress is valued at the lower of cost and net realisable value.

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition.

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.


HAYVENHURSTS LIMITED (REGISTERED NUMBER: 03262151)

Notes to the Financial Statements - continued
FOR THE YEAR ENDED 31 MARCH 2024

2. ACCOUNTING POLICIES - continued
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 15 (2023 - 14 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 April 2023
and 31 March 2024 1,023,679
NET BOOK VALUE
At 31 March 2024 1,023,679
At 31 March 2023 1,023,679

HAYVENHURSTS LIMITED (REGISTERED NUMBER: 03262151)

Notes to the Financial Statements - continued
FOR THE YEAR ENDED 31 MARCH 2024

5. TANGIBLE FIXED ASSETS
Fixtures
and Computer
fittings equipment Totals
£    £    £   
COST
At 1 April 2023 27,763 58,104 85,867
Additions 199 - 199
At 31 March 2024 27,962 58,104 86,066
DEPRECIATION
At 1 April 2023 4,900 58,104 63,004
Charge for year 4,593 - 4,593
At 31 March 2024 9,493 58,104 67,597
NET BOOK VALUE
At 31 March 2024 18,469 - 18,469
At 31 March 2023 22,863 - 22,863

6. FIXED ASSET INVESTMENTS

Investments (neither listed nor unlisted) were as follows:
2024 2023
£    £   
Other investments 301,200 301,200

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 110,667 193,550
Other debtors 22,446 30,000
Amount due from related
undertakings

833,655

649,313
Prepayments 4,455 40,750
971,223 913,613

HAYVENHURSTS LIMITED (REGISTERED NUMBER: 03262151)

Notes to the Financial Statements - continued
FOR THE YEAR ENDED 31 MARCH 2024

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts - 64,336
Trade creditors - 7,583
Tax - 98,698
Social security and other taxes 22,000 29,824
Other creditors 72,135 8,274
Other loans 20,767 20,355
Amount due to related undertakings 1,463,452 1,362,912
Directors' current accounts 2,100 2,100
Accrued expenses 76,077 41,024
1,656,531 1,635,106

9. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN
ONE YEAR
2024 2023
£    £   
Other loans due between 2 - 5 years 26,548 47,376

10. SECURED DEBTS

The following secured debts are included within creditors:

2024 2023
£    £   
Bank overdraft - 2,206
Bank loans - 62,130
- 64,336

HAYVENHURSTS LIMITED (REGISTERED NUMBER: 03262151)

Notes to the Financial Statements - continued
FOR THE YEAR ENDED 31 MARCH 2024

11. RELATED PARTY DISCLOSURES

Mr P.T. Felman is able to control the company Hayvenhursts Management Consultants Limited and exert significant influence over it. During the year, the company was charged £26,000 loan interest. At the year end an amount of £328,745 (2023 - £409,245) was due to Hayvenhursts Management Consultants Limited.

The amount due from fellow group company at the year end represents an amount due from Hayvenhursts Wales Limited of £171,542 (2023 - £171,542).

Included in amounts due from related parties includes £96,013 (2023 - £96,013) due from Hayvenhursts (Holdings) Ltd who is the ultimate parent company. Also included in amounts due from related parties are £442,421 (2023 - £319,148) due from Hayvenhursts Accountancy, £76,352 (2023 - £33,522) due from Hayvenhursts Bureau Ltd and £46,326 (2023 - £29,088) due from Hayvenhursts Management Ltd.

Included in amounts due to related undertakings is £247,863 (2023 - £80,888) due to Hayvenhursts Partnership, £81,258 (2023 - £82,388) due to Safeguard Accountancy Limited, £308,550 (2023 - £310,365) due to Forthright Accountancy Limited, £309,856 (2023 - £280,686) due to Castleton Accountancy Limited, £47,180 (2023 - £59,340) due to Hayven Property Tax Limited. The above represent loans outstanding and are connected by common directorship/partnership.

12. ULTIMATE CONTROLLING PARTY

The ultimate parent undertaking is Hayvenhursts (Holdings) Limited by virtue of owning 100% of the Ordinary A share capital.

The ultimate controlling party is Mr P. Felman.