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REGISTERED NUMBER: 05922746 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30TH SEPTEMBER 2024

FOR

HAVEN PROPERTY COMPANY LIMITED

HAVEN PROPERTY COMPANY LIMITED (REGISTERED NUMBER: 05922746)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30TH SEPTEMBER 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


HAVEN PROPERTY COMPANY LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 30TH SEPTEMBER 2024







DIRECTOR: H 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 2024

30.9.24 30.9.23
Notes £    £    £    £   
FIXED ASSETS
Investment property 4 1,096,380 1,395,000

CURRENT ASSETS
Debtors 5 392,897 129,744
Cash at bank 21,830 1,076
414,727 130,820
CREDITORS
Amounts falling due within one year 6 150,438 111,199
NET CURRENT ASSETS 264,289 19,621
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,360,669

1,414,621

CREDITORS
Amounts falling due after more than one
year

7

(679,196

)

(850,308

)

PROVISIONS FOR LIABILITIES (47,297 ) (47,297 )
NET ASSETS 634,176 517,016

CAPITAL AND RESERVES
Called up share capital 1 1
Retained earnings 634,175 517,015
SHAREHOLDERS' FUNDS 634,176 517,016

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

The members have not required the company to obtain an audit of its financial statements for the year ended 30th September 2024 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 2024

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.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2023 - 1 ) .

4. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1st October 2023 1,395,000
Additions 129,020
Disposals (427,640 )
At 30th September 2024 1,096,380
NET BOOK VALUE
At 30th September 2024 1,096,380
At 30th September 2023 1,395,000

HAVEN PROPERTY COMPANY LIMITED (REGISTERED NUMBER: 05922746)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30TH SEPTEMBER 2024

4. INVESTMENT PROPERTY - continued

Fair value at 30th September 2024 is represented by:
£   
Valuation in 2019 143,934
Valuation in 2020 75,000
Valuation in 2021 35,000
Cost 842,446
1,096,380

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.9.24 30.9.23
£    £   
Other debtors 392,897 129,744

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.9.24 30.9.23
£    £   
Bank loans and overdrafts 5,000 5,000
Trade creditors 4,476 2,376
Taxation and social security 109,197 72,058
Other creditors 31,765 31,765
150,438 111,199

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
30.9.24 30.9.23
£    £   
Bank loans 649,262 816,234
Other creditors 29,934 34,074
679,196 850,308

8. SECURED DEBTS

The following secured debts are included within creditors:

30.9.24 30.9.23
£    £   
Bank loans 654,262 821,234

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

9. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 30th September 2024 and 30th September 2023:

30.9.24 30.9.23
£    £   
P Ashton
Balance outstanding at start of year 129,744 57,405
Amounts advanced 263,152 72,339
Amounts repaid - -
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 392,896 129,744