Company Registration No. 11822391 (England and Wales)
HABERFIELD PROPERTY LTD
Unaudited accounts
for the year ended 29 February 2024
HABERFIELD PROPERTY LTD
Unaudited accounts
Contents
HABERFIELD PROPERTY LTD
Company Information
for the year ended 29 February 2024
Directors
R Haberfield
E Haberfield
Company Number
11822391 (England and Wales)
Registered Office
4 Primrose Close
Brackla
Bridgend
CF31 2BS
Accountants
STAS Ltd
253 Cowbridge Road West
Cardiff
CF5 5TD
HABERFIELD PROPERTY LTD
Accountants' report
Accountants' report to the board of directors of HABERFIELD PROPERTY LTD on the preparation of the unaudited statutory accounts for the year ended 29 February 2024
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of
HABERFIELD PROPERTY LTD for the year ended
29 February 2024 as set out on pages
5 -
7 from the company's accounting records and from information and explanations you have given us.
This report is made solely to the Board of Directors of HABERFIELD PROPERTY LTD, as a body, in accordance with the terms of our engagement. Our work has been undertaken solely to prepare for your approval the accounts of HABERFIELD PROPERTY LTD and state those matters that we have agreed to state to them, as a body, in this report. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than HABERFIELD PROPERTY LTD and its Board of Directors as a body for our work or for this report.
It is your duty to ensure that HABERFIELD PROPERTY LTD has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and profit of HABERFIELD PROPERTY LTD. You consider that HABERFIELD PROPERTY LTD is exempt from the statutory audit requirement for the year.
We have not been instructed to carry out an audit or a review of the accounts of HABERFIELD PROPERTY LTD. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory accounts.
STAS Ltd
253 Cowbridge Road West
Cardiff
CF5 5TD
28 November 2024
HABERFIELD PROPERTY LTD
Statement of financial position
as at 29 February 2024
Cash at bank and in hand
101,323
3,148
Creditors: amounts falling due within one year
(155,928)
(257,102)
Net current assets/(liabilities)
55,718
(20,228)
Total assets less current liabilities
55,718
191,103
Creditors: amounts falling due after more than one year
(2,500)
(210,720)
Net assets/(liabilities)
53,218
(19,617)
Called up share capital
2
2
Profit and loss account
53,216
(19,619)
Shareholders' funds
53,218
(19,617)
For the year ending 29 February 2024 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 28 November 2024 and were signed on its behalf by
R Haberfield
Director
Company Registration No. 11822391
HABERFIELD PROPERTY LTD
Notes to the Accounts
for the year ended 29 February 2024
HABERFIELD PROPERTY LTD is a private company, limited by shares, registered in England and Wales, registration number 11822391. The registered office is 4 Primrose Close, Brackla, Bridgend, CF31 2BS.
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.
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.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Turnover represents net invoiced property rentals.
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
5 years
The company operates a loan account with its director, which is interest free, with no determined repayment date. The balance outstanding as at 28 February 2022 was £91,221(2021: £98,721)
HABERFIELD PROPERTY LTD
Notes to the Accounts
for the year ended 29 February 2024
4
Tangible fixed assets
Land & buildings
Plant & machinery
Fixtures & fittings
Total
Cost or valuation
At cost
At cost
At cost
At 1 March 2023
208,202
2,656
5,664
216,522
Disposals
(208,202)
(2,656)
(5,664)
(216,522)
At 29 February 2024
-
-
-
-
At 1 March 2023
-
2,122
3,069
5,191
Charge for the year
-
322
1,131
1,453
On disposals
-
(2,444)
(4,200)
(6,644)
At 29 February 2024
-
-
-
-
At 29 February 2024
-
-
-
-
At 28 February 2023
208,202
534
2,595
211,331
Investment property is included at cost
Amounts falling due within one year
Amounts due from group undertakings etc.
110,323
233,726
7
Creditors: amounts falling due within one year
2024
2023
Bank loans and overdrafts
2,000
2,000
Amounts owed to group undertakings and other participating interests
-
123,403
Taxes and social security
12,609
-
Other creditors
40,000
40,000
Loans from directors
100,599
91,339
8
Creditors: amounts falling due after more than one year
2024
2023
9
Average number of employees
During the year the average number of employees was 0 (2023: 0).