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REGISTERED NUMBER: 01704002 (England and Wales)















Unaudited Financial Statements for the Year Ended 30 September 2024

for

Hafod Finance Co. Limited

Hafod Finance Co. Limited (Registered number: 01704002)






Contents of the Financial Statements
for the Year Ended 30 September 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Hafod Finance Co. Limited

Company Information
for the Year Ended 30 September 2024







DIRECTORS: J A H Stewart
L Murison



SECRETARY: L Murison



REGISTERED OFFICE: 3rd Floor Pacific Chambers
11-13 Victoria Street
Liverpool
Merseyside
L2 5QQ



REGISTERED NUMBER: 01704002 (England and Wales)



ACCOUNTANTS: Haines Watts
3rd Floor Pacific Chambers
11-13 Victoria Street
Liverpool
Merseyside
L2 5QQ



BANKERS: HSBC Bank
46 Westway
Maghull
Merseyside
L31 0AD

Hafod Finance Co. Limited (Registered number: 01704002)

Balance Sheet
30 September 2024

30.9.24 30.9.23
Notes £ £ £ £
FIXED ASSETS
Intangible assets 4 - -
Tangible assets 5 5,346 6,289
5,346 6,289

CURRENT ASSETS
Debtors 6 369,463 411,931
Cash at bank and in hand 175,706 205,844
545,169 617,775
CREDITORS
Amounts falling due within one year 7 71,829 48,371
NET CURRENT ASSETS 473,340 569,404
TOTAL ASSETS LESS CURRENT
LIABILITIES

478,686

575,693

CAPITAL AND RESERVES
Called up share capital 102 102
Retained earnings 478,584 575,591
SHAREHOLDERS' FUNDS 478,686 575,693

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 September 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 September 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.

Hafod Finance Co. Limited (Registered number: 01704002)

Balance Sheet - continued
30 September 2024


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 20 December 2024 and were signed on its behalf by:





J A H Stewart - Director


Hafod Finance Co. Limited (Registered number: 01704002)

Notes to the Financial Statements
for the Year Ended 30 September 2024

1. STATUTORY INFORMATION

Hafod Finance Co. 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 2015, is being amortised evenly over its estimated useful life of five 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.
Fixtures and fittings - 15% on reducing balance
Computer equipment - 15% on reducing balance

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 9 (2023 - 9 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£
COST
At 1 October 2023
and 30 September 2024 37,911
AMORTISATION
At 1 October 2023
and 30 September 2024 37,911
NET BOOK VALUE
At 30 September 2024 -
At 30 September 2023 -

Hafod Finance Co. Limited (Registered number: 01704002)

Notes to the Financial Statements - continued
for the Year Ended 30 September 2024

5. TANGIBLE FIXED ASSETS
Fixtures
and Computer
fittings equipment Totals
£ £ £
COST
At 1 October 2023
and 30 September 2024 10,692 7,725 18,417
DEPRECIATION
At 1 October 2023 9,612 2,516 12,128
Charge for year 162 781 943
At 30 September 2024 9,774 3,297 13,071
NET BOOK VALUE
At 30 September 2024 918 4,428 5,346
At 30 September 2023 1,080 5,209 6,289

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.9.24 30.9.23
£ £
Trade debtors 364,292 407,608
Other debtors 4,323 4,323
Tax 848 -
369,463 411,931

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.9.24 30.9.23
£ £
Taxation and social security - 3,885
Other creditors 71,829 44,486
71,829 48,371

8. RELATED PARTY DISCLOSURES

Dividends of £92,450 were paid during the year to the directors.

9. FIXED AND FLOATING CHARGE

A fixed and floating charge was created by Hafod Finance Limited for securing all monies due or to become due from the company to HSBC.