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Company Registration No. 14235157 (England and Wales)
Havenside Properties Ltd Unaudited accounts for the year ended 31 July 2024
Havenside Properties Ltd Statement of financial position as at 31 July 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Investment property
316,900 
316,900 
Current assets
Cash at bank and in hand
6,995 
3,764 
Creditors: amounts falling due within one year
(96,232)
(95,249)
Net current liabilities
(89,237)
(91,485)
Total assets less current liabilities
227,663 
225,415 
Creditors: amounts falling due after more than one year
(232,206)
(232,206)
Net liabilities
(4,543)
(6,791)
Capital and reserves
Called up share capital
100 
100 
Profit and loss account
(4,643)
(6,891)
Shareholders' funds
(4,543)
(6,791)
For the year ending 31 July 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 director acknowledges her 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 and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 15 April 2025 and were signed on its behalf by
S Marks Director Company Registration No. 14235157
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Havenside Properties Ltd Notes to the Accounts for the year ended 31 July 2024
1
Statutory information
Havenside Properties Ltd is a private company, limited by shares, registered in England and Wales, registration number 14235157. The registered office is Practical Bookkeeping Services Ltd, 34 Clarence Street, Southend-on-Sea, Essex, SS1 1BD, England.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation of financial statements
The accounts have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
Going concern disclosure
The directors have not identified any material uncertainties related to events or conditions that may cast significant doubt about the company's ability to continue as a going concern.
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.
Investment Properties
All investment properties are carried at fair value determined annually and derived from the current market rents and investment property yields for comparable real estate, adjusted if necessary for any difference in the nature, location or condition of the specific asset. No depreciation is provided for. Changes in fair value are recognised in the profit and loss account.
Presentation currency
The accounts are presented in £ sterling.
Financial Instruments
Basic financial instruments are recognized at amortized cost.
4
Investment property
2024 
£ 
Fair value at 1 August 2023
316,900 
At 31 July 2024
316,900 
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Havenside Properties Ltd Notes to the Accounts for the year ended 31 July 2024
5
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
Other creditors
85,047 
50,968 
Loans from directors
11,185 
43,434 
Accruals
- 
847 
96,232 
95,249 
6
Creditors: amounts falling due after more than one year
2024 
2023 
£ 
£ 
Bank loans
232,206 
232,206 
Aggregate of amounts that fall due for payment after five years
232,206 
232,206 
The bank loan is secured by way of fixed charges over the property to which it relates to.
7
Transactions with related parties
At the period end, £19,000 is owed to Premier Wills (Rochford) Ltd (2023: £19,000). At the period end, £63,525 is owed to Premier Probate Ltd Ltd (2023: £30,525).
8
Average number of employees
During the year the average number of employees was 1 (2023: 1).
- 4 -