Haverly Consulting Ltd
Registered number: 12109253
Director's Report
The director presents his report and accounts for the year ended 31 July 2024.
Principal activities
The company's principal activity during the year continued to be that of providing Housing Finance and Development consultancy services. We support Local Authorities to deliver much needed housing, with a view to reduce homelessness and support the delivery of truly affordable housing.
Directors
The following persons served as directors during the year:
N Haverly
Small company provisions
This report has been prepared in accordance with the provisions in Part 15 of the Companies Act 2006 applicable to companies subject to the small companies regime.
This report was approved by the board on 20 November 2024 and signed on its behalf.
N Haverly
Director
Haverly Consulting Ltd
Registered number: 12109253
Balance Sheet
as at 31 July 2024
Notes 2024 2023
£ £
Fixed assets
Tangible assets 3 15,648 27,689
Current assets
Debtors 4 55,000 54,000
Cash at bank and in hand 20,303 11,744
75,303 65,744
Creditors: amounts falling due within one year 5 (30,335) (7,917)
Net current liabilities 44,968 57,827
Total assets less current liabilities 60,616 85,516
Creditors: amounts falling due after more than one year 6 (10,133) (17,733)
Net assets 50,483 67,783
Capital and reserves
Called up share capital 100 100
Profit and loss account 50,383 67,683
Shareholder's funds 50,483 67,783
The director is satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The member has not required the company to obtain an audit in accordance with section 476 of the Act.
The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
N Haverly
Director
Approved by the board on 20 November 2024
Haverly Consulting Ltd
Notes to the Accounts
for the year ended 31 July 2024
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. 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.
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Freehold buildings over 50 years
Leasehold land and buildings over the lease term
Plant and machinery over 5 years
Fixtures, fittings, tools and equipment over 5 years
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
Provisions
Provisions (ie liabilities of uncertain timing or amount) are recognised when there is an obligation at the reporting date as a result of a past event, it is probable that economic benefit will be transferred to settle the obligation and the amount of the obligation can be estimated reliably.
Pensions
Contributions to defined contribution plans are expensed in the period to which they relate.
2 Employees 2024 2023
Number Number
Average number of persons employed by the company 2 2
3 Tangible fixed assets
Plant and machinery etc Motor vehicles Total
£ £ £
Cost
At 1 August 2023 14,799 50,185 64,984
Additions 1,195 - 1,195
At 31 July 2024 15,994 50,185 66,179
Depreciation
At 1 August 2023 7,184 30,111 37,295
Charge for the year 3,199 10,037 13,236
At 31 July 2024 10,383 40,148 50,531
Net book value
At 31 July 2024 5,611 10,037 15,648
At 31 July 2023 7,615 20,074 27,689
4 Debtors 2024 2023
£ £
Other debtors 55,000 54,000
5 Creditors: amounts falling due within one year 2024 2023
£ £
Bank loans and overdrafts 7,600 7,600
Trade creditors 7,190 3,036
Corporation tax 10,049 2,636
Value Added Tax 5,362 4,147
Directors current 134 (9,502)
30,335 7,917
6 Creditors: amounts falling due after one year 2024 2023
£ £
Bank loans 10,133 17,733
7 Events after the reporting date
There were no post balance sheet events that would have had a material effect upon the company's state of affairs.
8 Loans to directors
Description and conditions B/fwd Paid Repaid C/fwd
£ £ £ £
N Haverly
Cash advance repayable on demand interest free. 9,502 - (9,502) -
9,502 - (9,502) -
9 Related party transactions
The company has outstanding loan advances of £55,000 (2023 - £54,000) to another associated UK based company. This loan is interest bearing and repayable on demand.
10 Controlling party
During the period under review the company was under the control of the director and sole shareholder listed in this report..
11 Other information
Haverly Consulting Ltd is a private company limited by shares and incorporated in England. Its registered office is:
7 Bell Yard
Temple
London
WC2A 2JR
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