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Company No: 10822817 (England and Wales)

KARN HAVOS HOLDINGS LIMITED

Unaudited Financial Statements
For the financial year ended 31 March 2024
Pages for filing with the registrar

KARN HAVOS HOLDINGS LIMITED

Unaudited Financial Statements

For the financial year ended 31 March 2024

Contents

KARN HAVOS HOLDINGS LIMITED

BALANCE SHEET

As at 31 March 2024
KARN HAVOS HOLDINGS LIMITED

BALANCE SHEET (continued)

As at 31 March 2024
Note 2024 2023
£ £
Fixed assets
Investments 3 100 100
100 100
Current assets
Debtors 4 161,993 308,113
Cash at bank and in hand 489 489
162,482 308,602
Creditors: amounts falling due within one year 5 ( 143,135) ( 286,336)
Net current assets 19,347 22,266
Total assets less current liabilities 19,447 22,366
Net assets 19,447 22,366
Capital and reserves
Called-up share capital 6 100 100
Profit and loss account 19,347 22,266
Total shareholders' funds 19,447 22,366

For the financial year ending 31 March 2024 the Company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

These financial statements have been prepared in accordance with the provisions of FRS 102 Section 1A – small entities. The financial statements of Karn Havos Holdings Limited (registered number: 10822817) were approved and authorised for issue by the Board of Directors on 21 March 2025. They were signed on its behalf by:

Mr A Banks
Director
KARN HAVOS HOLDINGS LIMITED

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 31 March 2024
KARN HAVOS HOLDINGS LIMITED

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 31 March 2024
1. Accounting policies

The principal accounting policies are summarised below. They have all been applied consistently throughout the financial year and to the preceding financial year, unless otherwise stated.

General information and basis of accounting

Karn Havos Holdings Limited (the Company) is a private company, limited by shares, incorporated in the United Kingdom under the Companies Act 2006 and is registered in England and Wales. The address of the Company's registered office is Lowin House, Tregolls Road, Truro, TR1 2NA, United Kingdom.

The financial statements have been prepared under the historical cost convention, modified to include certain items at fair value, and in accordance with Section 1A of Financial Reporting Standard 102 (FRS 102) ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland’ issued by the Financial Reporting Council and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.

The financial statements are presented in pounds sterling which is the functional currency of the Company and rounded to the nearest £.

Turnover

Turnover represents management charges to the subsidiary company.

Taxation

Current tax
Current tax is provided at amounts expected to be paid (or recoverable) using the tax rates and laws that have been enacted or substantively enacted at the Balance Sheet date.

Financial instruments

Financial assets and financial liabilities are recognised when the Company becomes a party to the contractual provisions of the instrument.

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the Company after deducting all of its liabilities.

Financial assets and liabilities are only offset in the Balance Sheet when, and only when there exists a legally enforceable right to set off the recognised amounts and the Company intends either to settle on a net basis, or to realise the asset and settle the liability simultaneously.

Investments
Investments in group companies are measured at cost less impairment.

2. Employees

2024 2023
Number Number
Monthly average number of persons employed by the Company during the year, including directors 2 2

3. Fixed asset investments

Investments in subsidiaries

2024
£
Cost
At 01 April 2023 100
At 31 March 2024 100
Carrying value at 31 March 2024 100
Carrying value at 31 March 2023 100

Investments in shares

Name of entity Registered office Principal activity Class of
shares
Ownership
31.03.2024
Ownership
31.03.2023
Karn Havos Building Company Limited Lowin House, Tregolls Road, Truro, Cornwall, TR1 2NA Provision of construction services Ordinary 100.00% 100.00%

4. Debtors

2024 2023
£ £
Amounts owed by directors 106,088 185,430
Other debtors 55,905 122,683
161,993 308,113

5. Creditors: amounts falling due within one year

2024 2023
£ £
Trade creditors 3,806 0
Amounts owed to Group undertakings 89,826 205,283
Accruals 2,400 4,426
Corporation tax 47,103 76,627
143,135 286,336

6. Called-up share capital

2024 2023
£ £
Allotted, called-up and fully-paid
100 Ordinary shares of £ 1.00 each 100 100

7. Related party transactions

Transactions with the entity's directors

2024 2023
£ £
Mr & Mrs A Banks 106,088 185,430

The directors operate a loan account with the company. At the year end the amount due from the directors was £106,088 (2023 - £185,430). No interest has been charged on this loan.

Other related party transactions

2024 2023
£ £
Karn Havos Building Company Limited (89,826) (205,283)

The company operates an inter-group loan account with the subsidiary company. At the year end the amount due to the subsidiary company was £89,826 (2023 - £205,283). The loan is interest free and repayable on demand.