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REGISTERED NUMBER: 08753025 (England and Wales)














Unaudited Financial Statements

for the Year Ended 31 October 2024

for

Havencrown Marquee Cleaning
Machines Limited

Havencrown Marquee Cleaning
Machines Limited (Registered number: 08753025)






Contents of the Financial Statements
for the Year Ended 31 October 2024




Page

Company Information 1

Abridged Statement of Financial Position 2

Notes to the Financial Statements 4


Havencrown Marquee Cleaning
Machines Limited

Company Information
for the Year Ended 31 October 2024







DIRECTORS: Mr S I Roy
Mrs S M Roy





REGISTERED OFFICE: 4 Cedar Park
Cobham Road
Ferndown Industrial Estate
Wimborne
Dorset
BH21 7SF





REGISTERED NUMBER: 08753025 (England and Wales)





ACCOUNTANTS: Ward Goodman
4 Cedar Park
Cobham Road
Ferndown Industrial Estate
Wimborne
Dorset
BH21 7SF

Havencrown Marquee Cleaning
Machines Limited (Registered number: 08753025)

Abridged Statement of Financial Position
31 October 2024

2024 2023
Notes £    £    £   
FIXED ASSETS
Intangible assets 4 32,634 36,706
Tangible assets 5 151,126 168,038
Investments 6 100 100
Investment property 7 390,000 289,423
573,860 494,267

CURRENT ASSETS
Stocks 133,950 112,588
Debtors 105,000 198,435
Cash at bank 209,917 239,902
448,867 550,925
CREDITORS
Amounts falling due within one year 210,134 214,541
NET CURRENT ASSETS 238,733 336,384
TOTAL ASSETS LESS CURRENT
LIABILITIES

812,593

830,651

CREDITORS
Amounts falling due after more than one year 8 (107,632 ) (180,939 )

PROVISIONS FOR LIABILITIES (45,290 ) (23,937 )

ACCRUALS AND DEFERRED INCOME (93,328 ) (208,382 )
NET ASSETS 566,343 417,393

Havencrown Marquee Cleaning
Machines Limited (Registered number: 08753025)

Abridged Statement of Financial Position - continued
31 October 2024

2024 2023
Notes £    £    £   
CAPITAL AND RESERVES
Called up share capital 100 100
Non distributable reserves 75,433 -
Retained earnings 490,810 417,293
SHAREHOLDERS' FUNDS 566,343 417,393

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 October 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 October 2024 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.

All the members have consented to the preparation of an abridged Income Statement and an abridged Statement of Financial Position for the year ended 31 October 2024 in accordance with Section 444(2A) of the Companies Act 2006.

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 2 May 2025 and were signed on its behalf by:





Mr S I Roy - Director


Havencrown Marquee Cleaning
Machines Limited (Registered number: 08753025)

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

1. STATUTORY INFORMATION

Havencrown Marquee Cleaning Machines 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.

The presentation currency of the financial statements is the Pound Sterling (£).


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 certain assets.

Turnover
Turnover is measured at the fair value of the consideration received or receivable. Turnover is reduced for estimated customer returns, rebates and other similar allowances.

Specifically, revenue from the sale of goods is recognised when goods are delivered and legal title is passed. Revenue from services is recognised when the services are provided.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2022, is being amortised evenly over its estimated useful life of ten years.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Freehold property - 2% on cost
Improvements to property - 33% on cost
Plant and machinery - 20% on reducing balance
Fixtures and fittings - 20% on cost
Motor vehicles - 20% on reducing balance
Computer equipment - 25% on reducing balance

Investments in subsidiaries
Investments in subsidiary undertakings are recognised at 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.

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.


Havencrown Marquee Cleaning
Machines Limited (Registered number: 08753025)

Notes to the Financial Statements - continued
for the Year Ended 31 October 2024

2. ACCOUNTING POLICIES - continued
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.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease. Interest charged on hire purchase agreements is posted to the profit and loss using the effective interest rate method.

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.

Trade and other debtors
Trade and other debtors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest method less impairment losses for bad and doubtful debts except where the effect of discounting would be immaterial in such cases the receivables are stated at cost less impairment losses for bad and doubtful debts.

Trade and other creditors
Trade and other creditors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest rate method, unless the effect of discounting would be immaterial, in which case they are stated at cost.

Impairment of assets
Assets, other than those measured at fair value, are assessed for indicators of impairment at each Balance Sheet date. If there is objective evidence of impairment, an impairment loss is recognised in the Profit and Loss Account.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 4 (2023 - 3 ) .

Havencrown Marquee Cleaning
Machines Limited (Registered number: 08753025)

Notes to the Financial Statements - continued
for the Year Ended 31 October 2024

4. INTANGIBLE FIXED ASSETS
Totals
£   
COST
At 1 November 2023
and 31 October 2024 40,718
AMORTISATION
At 1 November 2023 4,012
Amortisation for year 4,072
At 31 October 2024 8,084
NET BOOK VALUE

At 31 October 2024 32,634
At 31 October 2023 36,706

5. TANGIBLE FIXED ASSETS
Totals
£   
COST
At 1 November 2023 230,773
Additions 7,407
Disposals (9,928 )
At 31 October 2024 228,252
DEPRECIATION
At 1 November 2023 62,735
Charge for year 20,933
Eliminated on disposal (6,542 )
At 31 October 2024 77,126
NET BOOK VALUE
At 31 October 2024 151,126
At 31 October 2023 168,038

Included in cost of land and buildings is freehold land of £ 18,750 (2023 - £ 18,750 ) which is not depreciated.

Havencrown Marquee Cleaning
Machines Limited (Registered number: 08753025)

Notes to the Financial Statements - continued
for the Year Ended 31 October 2024

6. FIXED ASSET INVESTMENTS

Information on investments other than loans is as follows:
Totals
£   
COST
At 1 November 2023
and 31 October 2024 100
NET BOOK VALUE
At 31 October 2024 100
At 31 October 2023 100

7. INVESTMENT PROPERTY
Total
£   
COST OR VALUATION
At 1 November 2023 289,423
Revaluations 100,577
At 31 October 2024 390,000
NET BOOK VALUE
At 31 October 2024 390,000
At 31 October 2023 289,423

Cost or valuation at 31 October 2024 is represented by:
£   
Valuation in 2024 390,000

The investment property held by the company was independently valued by St Quintin Property Group on 31 October 2024.

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN FIVE
YEARS
2024 2023
£    £   
Repayable by instalments
Bank loans more 5 yr by instal 16,312 56,978

Havencrown Marquee Cleaning
Machines Limited (Registered number: 08753025)

Notes to the Financial Statements - continued
for the Year Ended 31 October 2024

9. LOANS

An analysis of the maturity of loans is given below:

2024 2023
£    £   
Amounts falling due within one year or on demand:
Bank loans 35,082 37,242

Amounts falling due between one and two years:
Bank loans - 1-2 years 35,082 37,242

Amounts falling due between two and five years:
Bank loans - 2-5 years 56,238 86,719

Amounts falling due in more than five years:

Repayable by instalments
Bank loans more 5 yr by instal 16,312 56,978

10. PENSION COMMITMENTS

The company operates a money purchase pension scheme for the director and employees. The assets of the scheme are held separately from those of the company in an independently administered fund. At the balance sheet date, unpaid contributions of £317 (2023 - £294) were due to the fund. These are included within creditors.

11. OTHER FINANCIAL COMMITMENTS

At the financial year end there were credit card balances of £3,866 (2023: £2,366) due for payment. There was also a Government backed COVID loan of £30,787 (2023: £36,301) outstanding, a loan of £39,928 (2023: £85,881) owing to the National Westminster Bank PLC (charge numbers 0875 3025 001 and 08753025 002) and a loan of £72,000 (2023: £96,000) owing to Godiva mortgages (charge number 08753025 003).