Acorah Software Products - Accounts Production 16.1.300 false true 31 August 2023 1 September 2022 false 1 September 2023 31 August 2024 31 August 2024 06989306 Mr Milosav Janjanin Mrs Isla McPhie-Janjanin iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 06989306 2023-08-31 06989306 2024-08-31 06989306 2023-09-01 2024-08-31 06989306 frs-core:CurrentFinancialInstruments 2024-08-31 06989306 frs-core:Non-currentFinancialInstruments 2024-08-31 06989306 frs-core:FurnitureFittings 2024-08-31 06989306 frs-core:FurnitureFittings 2023-09-01 2024-08-31 06989306 frs-core:FurnitureFittings 2023-08-31 06989306 frs-core:LandBuildings frs-core:OwnedOrFreeholdAssets 2024-08-31 06989306 frs-core:LandBuildings frs-core:OwnedOrFreeholdAssets 2023-09-01 2024-08-31 06989306 frs-core:LandBuildings frs-core:OwnedOrFreeholdAssets 2023-08-31 06989306 frs-core:ShareCapital 2024-08-31 06989306 frs-core:RetainedEarningsAccumulatedLosses 2024-08-31 06989306 frs-bus:PrivateLimitedCompanyLtd 2023-09-01 2024-08-31 06989306 frs-bus:FilletedAccounts 2023-09-01 2024-08-31 06989306 frs-bus:SmallEntities 2023-09-01 2024-08-31 06989306 frs-bus:AuditExempt-NoAccountantsReport 2023-09-01 2024-08-31 06989306 frs-bus:SmallCompaniesRegimeForAccounts 2023-09-01 2024-08-31 06989306 frs-bus:Director1 2023-09-01 2024-08-31 06989306 frs-bus:Director2 2023-09-01 2024-08-31 06989306 frs-countries:EnglandWales 2023-09-01 2024-08-31 06989306 2022-08-31 06989306 2023-08-31 06989306 2022-09-01 2023-08-31 06989306 frs-core:CurrentFinancialInstruments 2023-08-31 06989306 frs-core:Non-currentFinancialInstruments 2023-08-31 06989306 frs-core:ShareCapital 2023-08-31 06989306 frs-core:RetainedEarningsAccumulatedLosses 2023-08-31
Registered number: 06989306
Haven Homes Devon Limited
Unaudited Financial Statements
For The Year Ended 31 August 2024
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: 06989306
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 1,248,013 1,190,547
1,248,013 1,190,547
CURRENT ASSETS
Debtors 5 6,649 -
Cash at bank and in hand 850 -
7,499 -
Creditors: Amounts Falling Due Within One Year 6 (458,444 ) (426,709 )
NET CURRENT ASSETS (LIABILITIES) (450,945 ) (426,709 )
TOTAL ASSETS LESS CURRENT LIABILITIES 797,068 763,838
Creditors: Amounts Falling Due After More Than One Year 7 (555,736 ) (591,410 )
NET ASSETS 241,332 172,428
CAPITAL AND RESERVES
Called up share capital 8 100 100
Profit and Loss Account 241,232 172,328
SHAREHOLDERS' FUNDS 241,332 172,428
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For the year ending 31 August 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
On behalf of the board
Mr Milosav Janjanin
Director
3 March 2025
The notes on pages 3 to 5 form part of these financial statements.
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Page 3
Notes to the Financial Statements
1. General Information
Haven Homes Devon Limited is a private company, limited by shares, incorporated in England & Wales, registered number 06989306 . The registered office is 3 Atlas House West Devon Business Park, Tavistock, Devon, PL19 9DP.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
Summary of significant accounting policies and key accounting estimates
The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.
Statement of compliance
These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).
Basis of preparation
These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.
2.2. Turnover
Turnover comprises the fair value of the consideration received or receivable for the provision of services in the ordinary course of the company’s activities. The company recognises revenue when: 
  • The amount of revenue can be reliably measured;
  • it is probable that future economic benefits will flow to the entity;
  • and specific criteria have been met for each of the company's activities
2.3. Tangible Fixed Assets and Depreciation
Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.
The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.
Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:
Freehold NA
Fixtures & Fittings 18% reducing balance
2.4. Taxation
The tax expense for the period comprises current tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.
The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.
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2.5. Financial instruments
Financial instruments are classified and accounted for, according to the substance of the contractual arrangement, as financial assets, financial liabilities or equity instruments. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities. Where shares are issued, any component that creates a financial liability of the company is presented as a liability in the balance sheet. The corresponding dividends relating to the liability component are charged as interest expense in the profit and loss account.
Financial instruments are measured at amortised cost.
Financial assets are derecognised when and only when a) the contractual rights to the cash flows from the financial asset expire or are settled, b) the limited liability partnership transfers to another party substantially all of the risks and rewards of ownership of the financial asset, or c) the limited liability partnership, despite having retained some significant risks and rewards of ownership, has transferred control of the asset to another party and the other party has the practical ability to sell the asset in its entirety to an unrelated third party and is able to exercise that ability unilaterally and without needing to impose additional restrictions on the transfer. Financial liabilities are derecognised only when the obligation specified in the contract is discharged, cancelled or expires.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 2 (2023: 2)
2 2
4. Tangible Assets
Land & Property
Freehold Fixtures & Fittings Total
£ £ £
Cost
As at 1 September 2023 1,185,186 12,422 1,197,608
Additions 57,063 1,472 58,535
As at 31 August 2024 1,242,249 13,894 1,256,143
Depreciation
As at 1 September 2023 - 7,061 7,061
Provided during the period - 1,069 1,069
As at 31 August 2024 - 8,130 8,130
Net Book Value
As at 31 August 2024 1,242,249 5,764 1,248,013
As at 1 September 2023 1,185,186 5,361 1,190,547
Included within the net book value of land and freehold property above is £1,242,249 (2023 - £1,185,186) in respect of freehold land and buildings.
5. Debtors
2024 2023
£ £
Due within one year
Trade debtors 425 -
Other debtors 6,224 -
6,649 -
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6. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Trade creditors 5,615 -
Bank loans and overdrafts 34,382 33,020
Other creditors 418,447 387,238
Taxation and social security - 6,451
458,444 426,709
7. Creditors: Amounts Falling Due After More Than One Year
2024 2023
£ £
Bank loans 555,736 591,410
8. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 100 100
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