Caseware UK (AP4) 2023.0.135 2023.0.135 2024-07-312024-07-31truefalse2023-08-015falseEnvironmental consultancy4The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. 14253254 2023-08-01 2024-07-31 14253254 2022-07-25 2023-07-31 14253254 2024-07-31 14253254 2023-07-31 14253254 c:Director1 2023-08-01 2024-07-31 14253254 d:OfficeEquipment 2023-08-01 2024-07-31 14253254 d:OfficeEquipment 2024-07-31 14253254 d:OfficeEquipment 2023-07-31 14253254 d:OfficeEquipment d:OwnedOrFreeholdAssets 2023-08-01 2024-07-31 14253254 d:CurrentFinancialInstruments 2024-07-31 14253254 d:CurrentFinancialInstruments 2023-07-31 14253254 d:CurrentFinancialInstruments d:WithinOneYear 2024-07-31 14253254 d:CurrentFinancialInstruments d:WithinOneYear 2023-07-31 14253254 d:ShareCapital 2024-07-31 14253254 d:ShareCapital 2023-07-31 14253254 d:RetainedEarningsAccumulatedLosses 2024-07-31 14253254 d:RetainedEarningsAccumulatedLosses 2023-07-31 14253254 c:FRS102 2023-08-01 2024-07-31 14253254 c:AuditExempt-NoAccountantsReport 2023-08-01 2024-07-31 14253254 c:FullAccounts 2023-08-01 2024-07-31 14253254 c:PrivateLimitedCompanyLtd 2023-08-01 2024-07-31 14253254 e:PoundSterling 2023-08-01 2024-07-31 iso4217:GBP xbrli:pure

Registered number: 14253254










THE HABITAT BANK LIMITED








UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 31 JULY 2024

 
THE HABITAT BANK LIMITED
REGISTERED NUMBER: 14253254

BALANCE SHEET
AS AT 31 JULY 2024

2024
2023
Note
£
£

Fixed assets
 4 

Tangible assets
  
293
-

  
293
-

Current assets
  

Debtors: amounts falling due within one year
 5 
9,202
260

Cash at bank and in hand
  
45,851
-

  
55,053
260

Creditors: amounts falling due within one year
 6 
(123,974)
(1,708)

Net current liabilities
  
 
 
(68,921)
 
 
(1,448)

Total assets less current liabilities
  
(68,628)
(1,448)

  

Net liabilities
  
(68,628)
(1,448)


Capital and reserves
  

Called up share capital 
  
100
100

Profit and loss account
  
(68,728)
(1,548)

  
(68,628)
(1,448)


Page 1

 
THE HABITAT BANK LIMITED
REGISTERED NUMBER: 14253254
    
BALANCE SHEET (CONTINUED)
AS AT 31 JULY 2024

The directors consider that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and in accordance with the provisions of FRS 102 Section 1A - small entities.

The financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The Company has opted not to file the profit and loss account in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf by: 




................................................
N A Herrick
Director

Date: 15 April 2025

The notes on pages 3 to 7 form part of these financial statements.

Page 2

 
THE HABITAT BANK LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JULY 2024

1.


General information

The Habitat Bank Limited is a private company, limited by shares, which is domiciled in England and Wales, registration number 14253254. The registered office is Eden House, Unit 8, St. Johns Business Park, Lutterworth, LE17 4HB.
The principal activity of the Company during the year was that of environmental consultancy.

2.Accounting policies

 
2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with Section 1A of Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006.
The Company's functional and presentational currency is British Pound Sterling (£).

The following principal accounting policies have been applied:

 
2.2

Revenue

Revenue is recognised to the extent that it is probable that the economic benefits will flow to the Company and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before revenue is recognised:

Rendering of services

Revenue from a contract to provide services is recognised in the period in which the services are provided in accordance with the stage of completion of the contract when all of the following conditions are satisfied:
the amount of revenue can be measured reliably;
it is probable that the Company will receive the consideration due under the contract;
the stage of completion of the contract at the end of the reporting period can be measured reliably; and
the costs incurred and the costs to complete the contract can be measured reliably.

 
2.3

Finance costs

Finance costs are charged to profit or loss over the term of the debt using the effective interest method so that the amount charged is at a constant rate on the carrying amount. Issue costs are initially recognised as a reduction in the proceeds of the associated capital instrument.

 
2.4

Tangible fixed assets

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

Page 3

 
THE HABITAT BANK LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JULY 2024

2.Accounting policies (continued)


2.4
Tangible fixed assets (continued)

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, using the straight-line method.

Depreciation is provided on the following basis:

Office equipment
-
20%
straight-line method

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.

 
2.5

Debtors

Short-term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at transaction price, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

 
2.6

Cash and cash equivalents

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.

 
2.7

Creditors

Short-term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at transaction price, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

 
2.8

Financial instruments

The Company only enters into basic financial instrument transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors, loans from banks and other third parties, loans to related parties and investments in ordinary shares.
 
Debt instruments (other than those wholly repayable or receivable within one year), including loans and other accounts receivable and payable, are initially measured at transaction price, net of transaction costs, and subsequently at amortised cost using the effective interest method. Debt instruments that are payable or receivable within one year, typically trade debtors and creditors, are measured, initially and subsequently, at the undiscounted amount of the cash or other consideration expected to be paid or received. However, if the arrangements of a short-term instrument constitute a financing transaction, like the payment of a trade debt deferred beyond normal business terms or in case of an out-right short-term loan that is not at market rate, the financial asset or liability is measured, initially at the present value of future cash flows discounted at a market rate of interest for a similar debt instrument and subsequently at amortised cost, unless it qualifies as a loan from a director in the case of a small company, or a public benefit entity concessionary loan.
 
Page 4

 
THE HABITAT BANK LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JULY 2024

2.Accounting policies (continued)


2.8
Financial instruments (continued)

Financial assets that are measured at cost and amortised cost are assessed at the end of each reporting period for objective evidence of impairment. If objective evidence of impairment is found, an impairment loss is recognised in the Profit and Loss Account.
 
For financial assets measured at amortised cost, the impairment loss is measured as the difference between an asset's carrying amount and the present value of estimated cash flows discounted at the asset's original effective interest rate. If a financial asset has a variable interest rate, the discount rate for measuring any impairment loss is the current effective interest rate determined under the contract.
 
For financial assets measured at cost less impairment, the impairment loss is measured as the difference between an asset's carrying amount and best estimate of the recoverable amount, which is an approximation of the amount that the Company would receive for the asset if it were to be sold at the balance sheet date.
 
Financial assets and liabilities are offset and the net amount reported in the Balance Sheet when there is an enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.


3.


Employees

The average monthly number of employees, including directors, during the year was 5 (2023 - 4).

Page 5

 
THE HABITAT BANK LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JULY 2024

4.


Tangible fixed assets





Office equipment

£



Cost or valuation


Additions
345



At 31 July 2024

345



Depreciation


Charge for the year
52



At 31 July 2024

52



Net book value



At 31 July 2024
293



At 31 July 2023
-


5.


Debtors

2024
2023
£
£


Other debtors
9,202
260

9,202
260



6.


Creditors: Amounts falling due within one year

2024
2023
£
£

Trade creditors
11,948
958

Other creditors
77,000
-

Accruals and deferred income
35,026
750

123,974
1,708




Page 6

 
THE HABITAT BANK LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JULY 2024

7.


Related Party Transactions

At the reporting date, the Company had two loans of £10,000 each, totaling £20,000, included within other creditors. These loans were provided by companies in which two of the Company’s directors also hold directorships. The loans are interest-free and repayable on demand.
As at the 1 August 2023 the Company owed the directors a balance of £Nil. During the year total payments of £Nil were made and repayments of £57,000 were received, leaving a total balance of £57,000 owed to the directors by the Company at the year end. The loans are interest-free and repayable on demand.

 
Page 7