Company Registration No. 07430522 (England and Wales)
Haft Limited
Unaudited accounts
for the year ended 30 April 2024
Haft Limited
Unaudited accounts
Contents
Haft Limited
Company Information
for the year ended 30 April 2024
Director
Chiara Maria Schianchi
Company Number
07430522 (England and Wales)
Registered Office
Churchill House
137-139 Brent Street
London
NW4 4DJ
Accountants
Clearfin Accountants Limited
Churchill House
137-139 Brent Street
London
NW4 4DJ
Haft Limited
Statement of financial position
as at 30 April 2024
Investment property
963,144
963,144
Cash at bank and in hand
22,996
19,963
Creditors: amounts falling due within one year
(732,057)
(735,991)
Net current liabilities
(629,012)
(633,229)
Total assets less current liabilities
334,132
329,915
Creditors: amounts falling due after more than one year
(254,954)
(254,954)
Called up share capital
200
200
Profit and loss account
78,978
74,761
Shareholders' funds
79,178
74,961
For the year ending 30 April 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 director acknowledges her 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 and authorised for issue on 2 January 2025 and were signed on its behalf by
Chiara Maria Schianchi
Director
Company Registration No. 07430522
Haft Limited
Notes to the Accounts
for the year ended 30 April 2024
Haft Limited is a private company, limited by shares, registered in England and Wales, registration number 07430522. The registered office is Churchill House , 137-139 Brent Street , London, NW4 4DJ.
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 is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Investment property is included at market fair value. Gains are recognised in the income statement. Deferred taxation is provided on these gains at the rate expected to apply when the property is sold.
Monetary assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rates of exchange ruling at the date of the transaction. Exchange differences are taken into account in arriving at the operating profit.
Fair value at 1 May 2023
963,144
The valuation was made by the Director, on an open market value for existing use basis.
Amounts falling due within one year
Other debtors
77,413
77,413
Haft Limited
Notes to the Accounts
for the year ended 30 April 2024
6
Creditors: amounts falling due within one year
2024
2023
Other creditors
286,310
286,310
Loans from directors
443,947
447,881
7
Creditors: amounts falling due after more than one year
2024
2023
Bank loans
254,954
254,954
8
Transactions with related parties
Included within other creditors is an amount of £443,947 (2023: £447,881) due to a director of the company.
9
Average number of employees
During the year the average number of employees was 1 (2023: 1).