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Registration number: 06310442

Haver Analytics Limited

Financial Statements

for the Year Ended 31 December 2024

Brebners
Chartered Accountants & Statutory Auditor
130 Shaftesbury Avenue
London
W1D 5AR

 

Haver Analytics Limited

Contents

Company Information

1

Statement of Financial Position

2

Notes to the Financial Statements

3 to 6

 

Haver Analytics Limited

Company Information

Director

M A Haver

Registered office

130 Shaftesbury Avenue
2nd Floor
London
W1D 5EU

Auditor

Brebners
Chartered Accountants & Statutory Auditor
130 Shaftesbury Avenue
London
W1D 5AR

 

Haver Analytics Limited

Statement of Financial Position as at 31 December 2024

Note

2024
£

2023
£

Fixed assets

 

Tangible assets

5

10,593

20,128

Current assets

 

Debtors

6

1,238,042

989,628

Cash at bank and in hand

 

139,648

186,889

 

1,377,690

1,176,517

Creditors: Amounts falling due within one year

7

(251,378)

(229,487)

Net current assets

 

1,126,312

947,030

Net assets

 

1,136,905

967,158

Capital and reserves

 

Called up share capital

1

1

Retained earnings

1,136,904

967,157

Shareholders' funds

 

1,136,905

967,158

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006 and in accordance with FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime and the option not to file the Statement of Income and Retained Earnings has been taken.

Approved and authorised by the director on 12 May 2025
 

.........................................

M A Haver

Director

Company registration number: 06310442

 

Haver Analytics Limited

Notes to the Financial Statements for the Year Ended 31 December 2024

1

General information

The company is a private company limited by share capital, incorporated in England and Wales.

The address of its registered office is:
130 Shaftesbury Avenue
2nd Floor
London
W1D 5EU

The principal activity of the company during the year was the provision of technical support to the parent company which provides financial and economic data to City and Financial Institutions.

2

Audit Report

The Independent Auditor's Report was unqualified. The name of the Senior Statutory Auditor who signed the audit report on 12 May 2025 was Martin Widdowson, who signed for and on behalf of Brebners.

3

Accounting policies

Statement of compliance

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' Section 1A and the Companies Act 2006.

Basis of preparation

These financial statements have been prepared using the historical cost convention except any items disclosed in the accounting policies as being shown at fair value and are presented in sterling, which is the functional currency of the entity.

Summary of significant accounting policies

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Going concern

The company made a profit for the year ended 31 December 2024 and had net assets on that date amounting to £1,136,905, including cash at bank of £139,648.

The company has continued to trade profitably subsequent to 31 December 2024 and its services remain in demand by the parent undertaking.

After making enquiries, the directors have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. Accordingly, the directors continue to adopt the going concern basis in preparing the financial statements.

 

Haver Analytics Limited

Notes to the Financial Statements for the Year Ended 31 December 2024

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the provision of services in the ordinary course of the company's activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

The company recognises revenue based upon the stage of completion of support services provided.

Foreign currency transactions and balances

Transactions in foreign currencies are initially recorded at the functional currency rate prevailing at the date of the transaction. Monetary assets and liabilities denominated in foreign currencies are retranslated into the respective functional currency of the entity at the rates prevailing on the reporting period date. Non-monetary items carried at fair value that are denominated in foreign currencies are retranslated at the rate on the date when the fair value is re-measured.

Non-monetary items measured in terms of historical cost in a foreign currency are not retranslated.

Tax

The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in profit or loss, except to the extent that it relates to items recognised in other comprehensive income or directly in equity. In this case, tax is recognised in other comprehensive income or directly in equity, respectively.

Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted as the reporting date.

Deferred tax is recognised in respect of all timing differences at the reporting date. Unrelieved tax losses and other deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date are expected to apply to the reversal of the timing difference.

Tangible assets

Tangible assets are stated in the statement of financial position at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class

Depreciation method and rate

Fixtures, Fittings and Equipment

33% straight line

Computer Equipment

33% straight line

Leasehold Property

Over the period of the lease

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

 

Haver Analytics Limited

Notes to the Financial Statements for the Year Ended 31 December 2024

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

Defined contribution pension obligation

A defined contribution plan is a pension plan under which fixed contributions are paid into a pension fund and the company has no legal or constructive obligation to pay further contributions even if the fund does not hold sufficient assets to pay all employees the benefits relating to employee service in the current and prior periods.

Contributions to defined contribution plans are recognised as employee benefit expense when they are due. If contribution payments exceed the contribution due for service, the excess is recognised as a prepayment.

4

Staff numbers

The average number of persons employed by the company during the year was 34 (2023 - 31).

5

Tangible assets

Leasehold property
£

Furniture, fittings and equipment
 £

Computer equipment
£

Total
£

Cost or valuation

At 1 January 2024

35,721

29,897

106,850

172,468

Additions

-

1,775

5,070

6,845

Disposals

(1,482)

-

-

(1,482)

At 31 December 2024

34,239

31,672

111,920

177,831

Depreciation

At 1 January 2024

34,640

25,721

91,979

152,340

Charge for the year

239

3,173

12,126

15,538

Eliminated on disposal

(640)

-

-

(640)

At 31 December 2024

34,239

28,894

104,105

167,238

Carrying amount

At 31 December 2024

-

2,778

7,815

10,593

At 31 December 2023

1,081

4,176

14,871

20,128

 

Haver Analytics Limited

Notes to the Financial Statements for the Year Ended 31 December 2024

6

Debtors

2024
£

2023
£

Amounts owed by group undertakings

1,035,807

810,067

Other debtors

202,235

179,561

1,238,042

989,628

7

Creditors

Creditors: amounts falling due within one year

2024
£

2023
£

Trade creditors

5,317

504

Taxation and social security

132,391

123,314

Accruals and deferred income

12,580

13,377

Other creditors

101,090

92,292

251,378

229,487

8

Financial commitments

Amounts not provided for in the statement of financial position

The total amount of financial commitments not included in the statement of financial position is £279,593
(2023: £365,392).
 

9

Related Party Transactions

Exemption is taken under FRS102 Paragraph 1AC.35 not to disclose transactions or amounts falling due with companies wholly owned within the group.