REGISTERED NUMBER: 03943420 (England and Wales)

Unaudited Financial Statements

for the Year Ended 31st March 2025

for

Havenfine Trading Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

M J Moore

R L Moore

SECRETARY:

R L Moore

REGISTERED OFFICE:

New Haven Farm

Dans Lane

Leicester Forest West

Leicester

Leicestershire

LE9 9RY

REGISTERED NUMBER:

03943420 (England and Wales)

ACCOUNTANTS:

Barker & Co.

Chartered Accountants

Watling Offices

Smockington Lane

Wolvey

Hinckley

Leicestershire

LE10 3AY

FIXED ASSETS

Intangible assets

4

-

-

Tangible assets

5

189,248

179,718

189,248

179,718

CURRENT ASSETS

Stocks

1,500

1,500

Debtors

6

82,613

69,390

Cash at bank

100,470

107,745

184,583

178,635

CREDITORS

Amounts falling due within one year

7

201,335

192,230

NET CURRENT LIABILITIES

(16,752

)

(13,595

)

TOTAL ASSETS LESS CURRENT LIABILITIES

172,496

166,123

CREDITORS

Amounts falling due after more than one year

8

(7,084

)

(12,084

)

PROVISIONS FOR LIABILITIES

(25,800

)

(31,000

)

NET ASSETS

139,612

123,039

CAPITAL AND RESERVES

Called up share capital

10

48,364

48,364

Retained earnings

91,248

74,675

SHAREHOLDERS' FUNDS

139,612

123,039

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31st 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 16th July 2025 and were signed on its behalf by:

M J Moore - Director

R L Moore - Director

1.	STATUTORY INFORMATION

Havenfine Trading 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

Turnover represents net invoiced sales of goods and services, excluding value added tax.

Intangible assets

Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Website is being amortised evenly over its estimated useful life of five years.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Leasehold improvements

-

Straight line over 5 years

Plant and equipment

-

20% on reducing balance

Office equipment

-

25% on reducing balance

Motor vehicles

-

25% on reducing balance

If the directors consider the value of the assets is materially in excess of the existing book value the rate of depreciation will be accelerated from the rates detailed above.

Stocks

Parts and spares and work in progress are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

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 balance sheet date.

Hire purchase and leasing commitments

Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to the profit and loss account over the relevant period. The capital element of the future payments is treated as a liability.

Rental paid under operating leases are charged to the profit and loss account on a straight line basis over the period of lease.

3.	EMPLOYEES AND DIRECTORS

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

4.	INTANGIBLE FIXED ASSETS

Website

£

COST

At 1st April 2024

and 31st March 2025

2,820

AMORTISATION

At 1st April 2024

and 31st March 2025

2,820

NET BOOK VALUE

At 31st March 2025

-

At 31st March 2024

-

5.	TANGIBLE FIXED ASSETS

Leasehold

Plant and

Office

Motor

improvements

equipment

equipment

vehicles

Totals

£

£

£

£

£

COST

At 1st April 2024

13,139

348,821

13,264

19,799

395,023

Additions

-

50,917

389

10,000

61,306

Disposals

-

(19,880

)

-

-

(19,880

)

At 31st March 2025

13,139

379,858

13,653

29,799

436,449

DEPRECIATION

At 1st April 2024

13,139

191,626

7,264

3,276

215,305

Charge for year

-

28,509

1,544

4,964

35,017

Eliminated on disposal

-

(3,121

)

-

-

(3,121

)

At 31st March 2025

13,139

217,014

8,808

8,240

247,201

NET BOOK VALUE

At 31st March 2025

-

162,844

4,845

21,559

189,248

At 31st March 2024

-

157,195

6,000

16,523

179,718

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade debtors

77,613

67,619

Prepayments

5,000

1,771

82,613

69,390

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Bank loans and overdrafts

52,972

-

Hire purchase contracts

-

17,646

Trade creditors

67,392

59,597

Corporation tax

8,970

17,850

Social security and other taxes

15,479

15,477

Bank loan

7,084

12,084

Directors' current account

47,138

65,204

Accrued expenses

2,300

4,372

201,335

192,230

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2025

2024

£

£

Bank loan

7,084

12,084

9.	SECURED DEBTS

The following secured debts are included within creditors:

2025

2024

£

£

Hire purchase contracts

-

17,646

10.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2025

2024

value:

£

£

48,364

Ordinary

£1

48,364

48,364

11.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following transactions with the directors' subsisted during the year:

MJ & RL Moore

£

Use of home as office

(624

)

Monies drawn

38,690

No interest was payable by the directors on their loan accounts.