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REGISTERED NUMBER: 02860963 (England and Wales)










Financial Statements

for the Year Ended 31 March 2025

for

HAVENLEA PROPERTIES LIMITED

HAVENLEA PROPERTIES LIMITED (REGISTERED NUMBER: 02860963)






Contents of the Financial Statements
for the Year Ended 31 March 2025




Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 3


HAVENLEA PROPERTIES LIMITED

Company Information
for the Year Ended 31 March 2025







DIRECTORS: D F Smith
Mrs C Smith





REGISTERED OFFICE: 4 Sudley Road
Bognor Regis
West Sussex
PO21 1EU





REGISTERED NUMBER: 02860963 (England and Wales)





ACCOUNTANTS: Adams Beeny Limited
4 Sudley Road
Bognor Regis
West Sussex
PO21 1EU

HAVENLEA PROPERTIES LIMITED (REGISTERED NUMBER: 02860963)

Statement of Financial Position
31 March 2025

31.3.25 31.3.24
Notes £    £    £   
FIXED ASSETS
Property, plant and equipment 4 231,553 257,292

CURRENT ASSETS
Cash at bank and in hand 164,591 154,227

CREDITORS
Amounts falling due within one year 5 6,736 5,438
NET CURRENT ASSETS 157,855 148,789
TOTAL ASSETS LESS CURRENT
LIABILITIES

389,408

406,081

CAPITAL AND RESERVES
Called up share capital 6 2 2
Retained earnings 7 389,406 406,079
SHAREHOLDERS' FUNDS 389,408 406,081

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2025 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.

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 28 April 2025 and were signed on its behalf by:




D F Smith - Director



Mrs C Smith - Director


HAVENLEA PROPERTIES LIMITED (REGISTERED NUMBER: 02860963)

Notes to the Financial Statements
for the Year Ended 31 March 2025

1. STATUTORY INFORMATION

Havenlea Properties 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.

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
Revenue is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Land and buildings - 5% on cost
Plant and machinery etc - 25% on reducing balance

The freehold and leasehold properties are disclosed on the statement of financial position at cost less relevant depreciation as opposed to being investment properties.
This is due to the fact that in the directors opinion these assets are being employed in the businesses operations as opposed to being held as investment properties.
That being the case the current market value is of little relevance.

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.

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.

Change of accounting policy
On transition to FRS 102 the company changed its accounting policy regarding investment properties as explained in the fixed asset note above.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2024 - 2 ) .

HAVENLEA PROPERTIES LIMITED (REGISTERED NUMBER: 02860963)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2025

4. PROPERTY, PLANT AND EQUIPMENT
Plant and
Land and machinery
buildings etc Totals
£    £    £   
COST
At 1 April 2024
and 31 March 2025 514,454 1,748 516,202
DEPRECIATION
At 1 April 2024 257,230 1,680 258,910
Charge for year 25,723 16 25,739
At 31 March 2025 282,953 1,696 284,649
NET BOOK VALUE
At 31 March 2025 231,501 52 231,553
At 31 March 2024 257,224 68 257,292

5. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.25 31.3.24
£    £   
Taxation and social security 2,360 1,066
Other creditors 4,376 4,372
6,736 5,438

6. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.3.25 31.3.24
value: £    £   
2 Ordinary £1 2 2

7. RESERVES
Retained
earnings
£   

At 1 April 2024 406,079
Deficit for the year (15,673 )
Dividends (1,000 )
At 31 March 2025 389,406

HAVENLEA PROPERTIES LIMITED (REGISTERED NUMBER: 02860963)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2025

8. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 31 March 2025 and 31 March 2024:

31.3.25 31.3.24
£    £   
D F Smith and Mrs C Smith
Balance outstanding at start of year (881 ) (454 )
Amounts advanced 65 -
Amounts repaid - (427 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year (816 ) (881 )

9. RELATED PARTY DISCLOSURES

The company remains under the control of its directors.