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REGISTERED NUMBER: 05922746 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30TH SEPTEMBER 2020

FOR

HAVEN PROPERTY COMPANY LIMITED

HAVEN PROPERTY COMPANY LIMITED (REGISTERED NUMBER: 05922746)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30TH SEPTEMBER 2020




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3

Chartered Certified Accountants' Report 5

HAVEN PROPERTY COMPANY LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 30TH SEPTEMBER 2020







DIRECTOR: P Ashton





REGISTERED OFFICE: 46 Main Street
Mexborough
South Yorkshire
S64 9DU





REGISTERED NUMBER: 05922746 (England and Wales)





ACCOUNTANTS: Leesing Marrison Lee & Co
Chartered Certified Accountants
46 Main Street
Mexborough
South Yorkshire
S64 9DU

HAVEN PROPERTY COMPANY LIMITED (REGISTERED NUMBER: 05922746)

BALANCE SHEET
30TH SEPTEMBER 2020

30.9.20 30.9.19
Notes £    £    £    £   
FIXED ASSETS
Investment property 4 1,115,000 1,600,000

CURRENT ASSETS
Debtors 5 58,083 -
Cash at bank 2,173 2,173
60,256 2,173
CREDITORS
Amounts falling due within one year 6 45,208 165,911
NET CURRENT ASSETS/(LIABILITIES) 15,048 (163,738 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,130,048

1,436,262

CREDITORS
Amounts falling due after more than one
year

7

(548,000

)

(758,000

)

PROVISIONS FOR LIABILITIES (88,147 ) (106,275 )
NET ASSETS 493,901 571,987

CAPITAL AND RESERVES
Called up share capital 1 1
Retained earnings 493,900 571,986
SHAREHOLDERS' FUNDS 493,901 571,987

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30th September 2020.

The members have not required the company to obtain an audit of its financial statements for the year ended 30th September 2020 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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.

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 director and authorised for issue on 25th January 2025 and were signed by:




H P Ashton - Director


HAVEN PROPERTY COMPANY LIMITED (REGISTERED NUMBER: 05922746)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30TH SEPTEMBER 2020

1. STATUTORY INFORMATION

Haven Property Company 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 as modified by the revaluation of certain assets.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2019 - 1 ) .

4. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1st October 2019 1,600,000
Disposals (560,000 )
Revaluations 75,000
At 30th September 2020 1,115,000
NET BOOK VALUE
At 30th September 2020 1,115,000
At 30th September 2019 1,600,000

HAVEN PROPERTY COMPANY LIMITED (REGISTERED NUMBER: 05922746)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30TH SEPTEMBER 2020

4. INVESTMENT PROPERTY - continued

Fair value at 30th September 2020 is represented by:
£   
Valuation in 2019 388,933
Valuation in 2020 75,000
Cost 651,067
1,115,000

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.9.20 30.9.19
£    £   
Other debtors 58,083 -

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.9.20 30.9.19
£    £   
Bank loans and overdrafts 5,000 5,000
Taxation and social security 29,748 29,548
Other creditors 10,460 131,363
45,208 165,911

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
30.9.20 30.9.19
£    £   
Bank loans 548,000 758,000

8. SECURED DEBTS

The following secured debts are included within creditors:

30.9.20 30.9.19
£    £   
Bank loans 553,000 763,000

Bank borrowings are secured by fixed and floating charges over the company's assets.

9. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 30th September 2020 and 30th September 2019:

30.9.20 30.9.19
£    £   
P Ashton
Balance outstanding at start of year - -
Amounts advanced 58,083 -
Amounts repaid - -
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 58,083 -

CHARTERED CERTIFIED ACCOUNTANTS' REPORT TO THE DIRECTOR
ON THE UNAUDITED FINANCIAL STATEMENTS OF
HAVEN PROPERTY COMPANY LIMITED

The following reproduces the text of the report prepared for the director in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Director are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Haven Property Company Limited for the year ended 30th September 2020 which comprise the Income Statement, Balance Sheet and the related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Association of Chartered Certified Accountants, we are subject to its ethical and other professional requirements which are detailed at http://www.accaglobal.com/rulebook.

This report is made solely to the director of Haven Property Company Limited in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Haven Property Company Limited and state those matters that we have agreed to state to the director of Haven Property Company Limited in this report in accordance with the requirements of the Association of Chartered Certified Accountants as detailed at
https://www.accaglobal.com/content/dam/ACCA_Global/Technical/fact/tf-163-jan-24.pdf.

To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the company and its director for our work or for this report.

It is your duty to ensure that Haven Property Company Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and loss of Haven Property Company Limited. You consider that Haven Property Company Limited 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 financial statements of Haven Property Company Limited. 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 financial statements.






Leesing Marrison Lee & Co
Chartered Certified Accountants
46 Main Street
Mexborough
South Yorkshire
S64 9DU


26th January 2025