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REGISTERED NUMBER: 13785786 (England and Wales)















FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025

FOR

Greenhaven Properties Ltd

Greenhaven Properties Ltd (Registered number: 13785786)






CONTENTS OF THE FINANCIAL STATEMENTS
for the year ended 31 March 2025




Page

Company Information 1

Balance Sheet 2 to 3

Notes to the Financial Statements 4 to 8


Greenhaven Properties Ltd

COMPANY INFORMATION
for the year ended 31 March 2025







Directors: R Khaknegar-Moghaddam
Ms A J Dobson





Registered office: Greenhaven
Houndhead
Broadhempston
Totnes
Devon
TQ9 6AZ





Registered number: 13785786 (England and Wales)





Accountants: Websters
129 North Hill
Plymouth
Devon
PL4 8JY

Greenhaven Properties Ltd (Registered number: 13785786)

BALANCE SHEET
31 March 2025

2025 2024
Notes £    £    £   
Fixed assets
Tangible assets 4 10,662 14,768
Investment property 5 1,580,000 1,625,000
1,590,662 1,639,768

Current assets
Debtors 6 46,232 47,113
Cash at bank 37,923 50,519
84,155 97,632
Creditors
Amounts falling due within one year 7 456,026 540,580
Net current liabilities (371,871 ) (442,948 )
Total assets less current liabilities 1,218,791 1,196,820

Creditors
Amounts falling due after more than
one year

8

(855,051

)

(854,941

)

Provisions for liabilities 9 (45,200 ) (57,500 )
Net assets 318,540 284,379

Capital and reserves
Called up share capital 10 198 198
Share premium 77,757 77,757
Revaluation reserve 11 127,629 161,129
Retained earnings 112,956 45,295
318,540 284,379

Greenhaven Properties Ltd (Registered number: 13785786)

BALANCE SHEET - continued
31 March 2025


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 Profit & Loss Account has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 29 May 2025 and were signed on its behalf by:





R Khaknegar-Moghaddam - Director


Greenhaven Properties Ltd (Registered number: 13785786)

NOTES TO THE FINANCIAL STATEMENTS
for the year ended 31 March 2025

1. STATUTORY INFORMATION

Greenhaven Properties Ltd 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 as modified by the revaluation of investment properties.

Turnover
Turnover represents rents received in the period, adjusted for amounts in arrears/ advance at the balance sheet date.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Equipment - 20% on cost
Computer equipment - 20% on cost

Investment property
Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Profit & Loss Account, 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 balance sheet date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet 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.

Greenhaven Properties Ltd (Registered number: 13785786)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the year ended 31 March 2025

2. ACCOUNTING POLICIES - continued

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.

Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.

Provisions
Provisions (ie liabilities of uncertain timing or amount) are recognised when there is an obligation at the reporting date as a result of a past event, it is probable that economic benefit will be transferred to settle the obligation and the amount of the obligation can be estimated reliably.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2024 - 3 ) .

4. TANGIBLE FIXED ASSETS
Computer
Equipment equipment Totals
£    £    £   
Cost
At 1 April 2024
and 31 March 2025 19,332 1,200 20,532
Depreciation
At 1 April 2024 5,299 465 5,764
Charge for year 3,866 240 4,106
At 31 March 2025 9,165 705 9,870
Net book value
At 31 March 2025 10,167 495 10,662
At 31 March 2024 14,033 735 14,768

Greenhaven Properties Ltd (Registered number: 13785786)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the year ended 31 March 2025

5. INVESTMENT PROPERTY
Total
£   
Fair value
At 1 April 2024 1,625,000
Revaluations (45,000 )
At 31 March 2025 1,580,000
Net book value
At 31 March 2025 1,580,000
At 31 March 2024 1,625,000

Fair value at 31 March 2025 is represented by:
£   
Valuation in 2023 136,893
Valuation in 2024 78,237
Valuation in 2025 (45,000 )
Cost 1,409,870
1,580,000

If investment property had not been revalued it would have been included at the following historical cost:

2025 2024
£    £   
Cost 1,409,870 1,409,870

Investment property was valued on an open market basis on 31 March 2025 by the directors .

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2025 2024
£    £   
Trade debtors 43,463 44,580
Other debtors 2,769 2,533
46,232 47,113

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2025 2024
£    £   
Taxation and social security 22,600 915
Other creditors 433,426 539,665
456,026 540,580

Greenhaven Properties Ltd (Registered number: 13785786)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the year ended 31 March 2025

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN
ONE YEAR
2025 2024
£    £   
Bank loans 855,051 854,941

9. PROVISIONS FOR LIABILITIES
2025 2024
£    £   
Deferred tax 45,200 57,500

Deferred
tax
£   
Balance at 1 April 2024 57,500
Provided during year (12,300 )
Balance at 31 March 2025 45,200

10. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

£

Number

Class
Nominal
value

2025

2024
9,850 Ordinary A 0.01 98.50 98.50
9,850 Ordinary B 0.01 98.50 98.50
10 Ordinary C 0.01 0.10 0.10
10 Ordinary D 0.01 0.10 0.10
10 Ordinary E 0.01 0.10 0.10
10 Ordinary F 0.01 0.10 0.10
10 Ordinary G 0.01 0.10 0.10
10 Ordinary H 0.01 0.10 0.10
10 Ordinary I 0.01 0.10 0.10
10 Ordinary J 0.01 0.10 0.10
10 Ordinary K 0.01 0.10 0.10
10 Ordinary L 0.01 0.10 0.10
10 Ordinary M 0.01 0.10 0.10
10 Ordinary N 0.01 0.10 0.10
10 Ordinary O 0.01 0.10 0.10
10 Ordinary P 0.01 0.10 0.10
10 Ordinary Q 0.01 0.10 0.10


Greenhaven Properties Ltd (Registered number: 13785786)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the year ended 31 March 2025

11. RESERVES
Revaluation
reserve
£   
At 1 April 2024 161,129
Transfer to revaluation
reserve (33,500 )

At 31 March 2025 127,629

12. RELATED PARTY DISCLOSURES

At the balance sheet date, the company owed the following amounts to related parties:

Name Relationship Amount
Mrs A Dobson Director and shareholder £201,018
Mr R
Khaknegar-Moghaddam

Director and shareholder

£201,018


Loan interest of £107,200 was paid to the directors during the year in respect of their loans to the company.

13. ULTIMATE CONTROLLING PARTY

The company is ultimately controlled by the directors.