2023-08-012024-07-312024-07-31false13537434HAFOUN 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HAFOUN LTD

Registered Number
13537434
(England and Wales)

Unaudited Financial Statements for the Year ended
31 July 2024

HAFOUN LTD
Company Information
for the year from 1 August 2023 to 31 July 2024

Director

ALASNAG, Mohammed

Registered Address

13 Barnfield Road
London
W5 1QU

Registered Number

13537434 (England and Wales)
HAFOUN LTD
Balance Sheet as at
31 July 2024

Notes

2024

2023

£

£

£

£

Fixed assets
Tangible assets31,100,0001,100,000
1,100,0001,100,000
Current assets
Debtors434,12522,228
Cash at bank and on hand11
34,12622,229
Creditors amounts falling due within one year5(1,114,671)(1,112,791)
Net current assets (liabilities)(1,080,545)(1,090,562)
Total assets less current liabilities19,4559,438
Net assets19,4559,438
Capital and reserves
Called up share capital11
Profit and loss account19,4549,437
Shareholders' funds19,4559,438
The financial statements were approved and authorised for issue by the Director on 29 April 2025, and are signed on its behalf by:
ALASNAG, Mohammed
Director
Registered Company No. 13537434
HAFOUN LTD
Notes to the Financial Statements
for the year ended 31 July 2024

1.Accounting policies
Statutory information
The company is a private company limited by shares and registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.
Statement of compliance
The financial statements have been prepared in accordance with the Companies Act 2006 and FRS 102 The Financial Reporting Standard applicable in the UK and Republic of Ireland including Section 1A Small Entities.
Revenue from sale of goods
Turnover is recognised at the fair value of the consideration received of services provided in the normal course of business, and is shown net of VAT and other sales related taxes. The fair value of consideration takes into account trade discounts, settlement discounts and volume rebates. When cash inflows are deferred and represent a financing arrangement, the fair value of the consideration is the present value of the future receipts. The difference between the fair value of the consideration and the nominal amount received is recognised as interest income.
Foreign currency translation
Transactions in foreign currencies are initially recognised at the rate of exchange ruling at the date of the transaction. At the end of each reporting period foreign currency monetary items are translated at the closing rate of exchange. Non-monetary items that are measured at historical cost are translated at the rate ruling at the date of the transaction. All differences are charged to profit or loss.
Tangible fixed assets and depreciation
All fixed assets are initially recorded at cost. Property, plant and equipment is used in the company's principal activity for the production and supply of goods or for administrative purposes and is stated in the balance sheet under the historic cost model. This model requires the assets to be stated at cost less amounts in respect of depreciation and less any accumulated impairment losses. Depreciation is calculated so as to write off the cost of an asset, less its estimated residual value (which is the expected amount that would currently be obtained from disposal of an asset, after deducting the estimated costs of disposal, if the asset were already of the age and in the condition expected at the end of its useful life), over the useful economic life of the respective asset as follows:
Investment property
Investment property, which is property held to earn rentals and/or for capital appreciation, is initially recognised at cost, which includes the purchase cost and any directly attributable expenditure. Subsequently it is measured at fair value at the reporting end date. Changes in fair value are recognised in profit or loss.
2.Average number of employees

20242023
Average number of employees during the year00
3.Tangible fixed assets

Land & buildings

Total

££
Cost or valuation
At 01 August 231,100,0001,100,000
At 31 July 241,100,0001,100,000
Net book value
At 31 July 241,100,0001,100,000
At 31 July 231,100,0001,100,000
The fair value of the investment property has been arrived on the basis of a valuation carried out by the directors of the company. Their opinion was based on references to market evidence of transaction prices for similar properties..
4.Debtors: amounts due within one year

2024

2023

££
Other debtors29,94822,228
Prepayments and accrued income4,177-
Total34,12522,228
5.Creditors: amounts due within one year

2024

2023

££
Trade creditors / trade payables5,012-
Taxation and social security2,3502,214
Other creditors1,105,2841,108,628
Accrued liabilities and deferred income2,0251,949
Total1,114,6711,112,791