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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
Page
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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
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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
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HABERFIELD PROPERTY LTD Statement of financial position as at 29 February 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Tangible assets
- 
211,331 
Current assets
Debtors
110,323 
233,726 
Cash at bank and in hand
101,323 
3,148 
211,646 
236,874 
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)
Capital and reserves
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
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HABERFIELD PROPERTY LTD Notes to the Accounts for the year ended 29 February 2024
1
Statutory information
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.
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.
Turnover
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:
Plant & machinery
4 years
Fixtures & fittings
5 years
Directors' Loan
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)
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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
- 
- 
- 
- 
Depreciation
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
- 
- 
- 
- 
Net book value
At 29 February 2024
- 
- 
- 
- 
At 28 February 2023
208,202 
534 
2,595 
211,331 
Investment property is included at cost
6
Debtors
2024 
2023 
£ 
£ 
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 
Trade creditors
360 
- 
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 
Accruals
360 
360 
155,928 
257,102 
8
Creditors: amounts falling due after more than one year
2024 
2023 
£ 
£ 
Bank loans
2,500 
210,720 
9
Average number of employees
During the year the average number of employees was 0 (2023: 0).
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