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REGISTERED NUMBER: 03516020 (England and Wales)











Unaudited Financial Statements

for the Year Ended 31 March 2024

for

Havers Development Limited

Havers Development Limited (Registered number: 03516020)






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 4


Havers Development Limited

Company Information
for the Year Ended 31 March 2024







DIRECTORS: Mrs A J Havers
J H Havers





SECRETARY: J H Havers





REGISTERED OFFICE: Tiddlywinks Nursery
Tithe Farm
Fressingfield
Eye
Suffolk
IP21 5PY





REGISTERED NUMBER: 03516020 (England and Wales)





ACCOUNTANTS: Knights Lowe Ltd
Chartered Accountants
Crane Court
302 London Road
Ipswich
Suffolk
IP2 0AJ

Havers Development Limited (Registered number: 03516020)

Statement of Financial Position
31 March 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 33,455 40,773

CURRENT ASSETS
Debtors 5 31,063 28,644
Investments 6 21,421 19,241
Cash at bank 106,857 84,833
159,341 132,718
CREDITORS
Amounts falling due within one year 7 56,193 49,262
NET CURRENT ASSETS 103,148 83,456
TOTAL ASSETS LESS CURRENT LIABILITIES 136,603 124,229

PROVISIONS FOR LIABILITIES 9 (2,360 ) (1,684 )

ACCRUALS AND
DEFERRED INCOME (15,083 ) (18,392 )
NET ASSETS 119,160 104,153

CAPITAL AND RESERVES
Called up share capital 10 1,000 1,000
Fair value reserve 11 2,121 793
Retained earnings 116,039 102,360
SHAREHOLDERS' FUNDS 119,160 104,153

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.

Havers Development Limited (Registered number: 03516020)

Statement of Financial Position - continued
31 March 2024


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 Board of Directors and authorised for issue on 17 March 2025 and were signed on its behalf by:





Mrs A J Havers - Director


Havers Development Limited (Registered number: 03516020)

Notes to the Financial Statements
for the Year Ended 31 March 2024

1. STATUTORY INFORMATION

Havers Development 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 (£).


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 from services provided by the company is measured at the fair value of the consideration received or receivable. Value added tax is not applicable. When the outcome of a transaction can be estimated reliably, turnover from childcare services is recognised by reference to the stage of completion at the statement of financial position date. Stage of completion is measured by reference to the date the service is provided.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Improvements to property - 4% on cost
Plant and machinery - 25% on cost
Fixtures and fittings - 25% on cost
Computer equipment - 33% on cost

Financial instruments
The company only enters into basic financial instruments transactions that result in the recognition of financial assets and liabilities like trade and other accounts receivable and payable and loans with related parties.

Debt instruments that are payable or receivable within one year, such as trade payables or receivables, are measured at the undiscounted amount of the cash or other consideration expected to be paid or received. Debt instruments that are repayable or receivable after one year are initially measured at the present value of the future cash flows and subsequently at amortised cost using the effective interest method.

Financial assets that are measured at cost and amortised cost are assessed at the end of each financial year for evidence of impairment. If objective evidence of impairment is found an impairment loss is recognised in the Income Statement.

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 statement of financial position date.


Havers Development Limited (Registered number: 03516020)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2024

2. ACCOUNTING POLICIES - continued
Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

Government grants
Grants are accounted for using the accrual model.

Grants relating to revenue are recognised in the Statement of Income and Retained Earnings in the same period as the related costs for which the grant is intended to compensate. Where there are no related costs the grant is recognised in the period in which it becomes receivable.

Grants relating to assets are recognised in the Statement of Income and Retained Earnings over the expected useful life of the asset.

Current asset investments
Listed investments are included in the Financial Statements at market value. Any profit or loss on revaluation is recognised in the Income Statement.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 16 (2023 - 16 ) .

Havers Development Limited (Registered number: 03516020)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2024

4. TANGIBLE FIXED ASSETS
Improvements Fixtures
to Plant and and Computer
property machinery fittings equipment Totals
£    £    £    £    £   
COST
At 1 April 2023 165,737 72,231 25,813 8,499 272,280
Additions - 879 1,566 - 2,445
At 31 March 2024 165,737 73,110 27,379 8,499 274,725
DEPRECIATION
At 1 April 2023 129,887 67,870 25,457 8,293 231,507
Charge for year 6,629 2,359 672 103 9,763
At 31 March 2024 136,516 70,229 26,129 8,396 241,270
NET BOOK VALUE
At 31 March 2024 29,221 2,881 1,250 103 33,455
At 31 March 2023 35,850 4,361 356 206 40,773

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 26,349 23,762
Other debtors 4,714 4,882
31,063 28,644

6. CURRENT ASSET INVESTMENTS
2024 2023
£    £   
Listed investments 21,421 19,241

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade creditors 4,663 4,528
Taxation and social security 18,294 11,495
Other creditors 33,236 33,239
56,193 49,262

Havers Development Limited (Registered number: 03516020)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2024

8. LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:
2024 2023
£    £   
Within one year - 1,600
Between one and five years - 667
- 2,267

9. PROVISIONS FOR LIABILITIES
2024 2023
£    £   
Deferred tax
Accelerated capital allowances 1,653 1,498
Listed investments 707 186
2,360 1,684

Deferred
tax
£   
Balance at 1 April 2023 1,684
Charge to Income Statement during year 676
Balance at 31 March 2024 2,360

10. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
1,000 Ordinary £1 1,000 1,000

11. RESERVES
Fair
value
reserve
£   
At 1 April 2023 793
Deferred tax on revaluations (521 )
Revaluation transfers 1,849

At 31 March 2024 2,121