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REGISTERED NUMBER: 07445668 (England and Wales)















HAVEN TRADING LIMITED

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2024






HAVEN TRADING LIMITED (REGISTERED NUMBER: 07445668)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024




Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 3 to 5


HAVEN TRADING LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 MARCH 2024







DIRECTORS: J Padley
Ms J Buyukkaraca





SECRETARY: N Padley





REGISTERED OFFICE: 5 Resolution Close
Endeavour Park
Boston
Lincolnshire
PE21 7TT





REGISTERED NUMBER: 07445668 (England and Wales)





ACCOUNTANTS: Duncan & Toplis Limited
5 Resolution Close
Endeavour Park
Boston
Lincolnshire
PE21 7TT

HAVEN TRADING LIMITED (REGISTERED NUMBER: 07445668)

STATEMENT OF FINANCIAL POSITION
31 MARCH 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 1,605,350 1,493,293
Investments 5 51 51
1,605,401 1,493,344

CURRENT ASSETS
Debtors 6 39,869 448,059
Cash at bank 20,779 509
60,648 448,568
CREDITORS
Amounts falling due within one year 7 1,602,908 1,909,782
NET CURRENT LIABILITIES (1,542,260 ) (1,461,214 )
TOTAL ASSETS LESS CURRENT LIABILITIES 63,141 32,130

CAPITAL AND RESERVES
Called up share capital 9 176 176
Retained earnings 62,965 31,954
SHAREHOLDERS' FUNDS 63,141 32,130

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 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.

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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved and authorised for issue by the Board of Directors and authorised for issue on 19 February 2025 and were signed on its behalf by:





J Padley - Director


HAVEN TRADING LIMITED (REGISTERED NUMBER: 07445668)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

1. STATUTORY INFORMATION

Haven Trading 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.

The presentation currency of the financial statements is the Pound Sterling (£).


The company's trading address is:

Haven Business Park
Riverside Industrial Estate
Boston
Lincolnshire
PE21 7AA

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.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery etc - 25% on reducing balance

Tangible fixed assets are stated at cost (or deemed cost) or valuation less accumulated depreciation and accumulated impairment losses. Cost includes costs directly attributable to making the asset capable of operating as intended.

Financial instruments
The company has chosen to adopt the FRS102 1A in respect of financial instruments.

Basic financial assets, including trade and other debtors and cash and bank balances are initially recognised at transaction price, unless the arrangement constitute a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest.

At the end of each reporting period, financial assets measured at amortised cost are assessed for objective evidence of impairment. If an asset is impaired, the impairment loss is the difference between the carrying amount and the present value of the estimated cash flows discounted at the asset's original effective interest rate. The impairment loss is recognised in the income statement.

Debt instruments are subsequently carried at amortised cost, using the effective interest rate method.

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities. Trade creditors are recognised initially at transaction price and subsequently measured at amortised cost using the effective interest method.

Fixed asset investments
Fixed asset investments are stated at cost, unless in the opinion of the Director,there has been an impairment, in which case an appropriate adjustment has been made.

3. EMPLOYEES AND DIRECTORS

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

HAVEN TRADING LIMITED (REGISTERED NUMBER: 07445668)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2024

4. TANGIBLE FIXED ASSETS
Plant and
Land and machinery
buildings etc Totals
£    £    £   
COST
At 1 April 2023 1,491,174 2,750 1,493,924
Additions 82,698 32,159 114,857
Disposals - (2,750 ) (2,750 )
At 31 March 2024 1,573,872 32,159 1,606,031
DEPRECIATION
At 1 April 2023 - 631 631
Charge for year - 681 681
Eliminated on disposal - (631 ) (631 )
At 31 March 2024 - 681 681
NET BOOK VALUE
At 31 March 2024 1,573,872 31,478 1,605,350
At 31 March 2023 1,491,174 2,119 1,493,293

5. FIXED ASSET INVESTMENTS
Shares in
group
undertakings
£   
COST
At 1 April 2023
and 31 March 2024 51
NET BOOK VALUE
At 31 March 2024 51
At 31 March 2023 51

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Amounts owed by group undertakings 38,559 100,551
Other debtors 1,310 347,508
39,869 448,059

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade creditors 15,564 53,423
Amounts owed to group undertakings 618,884 1,473,524
Taxation and social security 1,640 -
Other creditors 966,820 382,835
1,602,908 1,909,782

HAVEN TRADING LIMITED (REGISTERED NUMBER: 07445668)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2024

8. SECURED DEBTS

The following secured debts are included within creditors:

2024 2023
£    £   
Other loans 896,170 382,835

Borrowings are secured on the assets to which they relate.

9. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
176 Ordinary £1 176 176

10. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31 March 2024 and 31 March 2023:

2024 2023
£    £   
J Padley
Balance outstanding at start of year 292,863 159,945
Amounts advanced 1,076,957 2,190,713
Amounts repaid (1,405,711 ) (2,057,795 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year (35,891 ) 292,863

The loan made to the director is unsecured, interest free and repayable on demand.