Havering London Limited - Limited company accounts 25.1

REGISTERED NUMBER: 15885716 (England and Wales)

REPORT OF THE DIRECTORS AND

UNAUDITED FINANCIAL STATEMENTS

FOR THE PERIOD 8 AUGUST 2024 TO 31 MARCH 2025

FOR

HAVERING LONDON LIMITED

Page

Company Information

1

Report of the Directors

2

Income Statement

3

Balance Sheet

4

Notes to the Financial Statements

5

DIRECTORS:

P W Odling-Smee

P P Manoharan

B Nicholls

M J Russell

D R Shearing

REGISTERED OFFICE:

Havering Town Hall

Main Road

Romford

United Kingdom

RM1 3BB

REGISTERED NUMBER:

15885716 (England and Wales)

ACCOUNTANTS:

THP Limited

Chartered Accountants

34-40 High Street

Wanstead

London

E11 2RJ

The directors present their report with the financial statements of the company for the period 8 August 2024 to 31 March 2025.

INCORPORATION

The company was incorporated on 8 August 2024 .

PRINCIPAL ACTIVITY

The principal activity of the company in the period under review was that of a cultural development organisation.

DIRECTORS

The directors who have held office during the period from 8 August 2024 to the date of this report are as follows:

P W Odling-Smee - appointed 8 August 2024

G Selfe - appointed 8 August 2024 - resigned 31 March 2025

P P Manoharan , B Nicholls , M J Russell and D R Shearing were appointed as directors after 31 March 2025 but prior to the date of this report.

This report has been prepared in accordance with the provisions of Part 15 of the Companies Act 2006 relating to small companies.

ON BEHALF OF THE BOARD:

P W Odling-Smee - Director

9 September 2025

TURNOVER

-

Administrative expenses

1,500

OPERATING DEFICIT and

DEFICIT BEFORE TAXATION

(1,500

)

Tax on deficit

-

DEFICIT FOR THE FINANCIAL PERIOD

(1,500

)

CURRENT ASSETS

Debtors

4

125,000

CREDITORS

Amounts falling due within one year

5

126,500

NET CURRENT LIABILITIES

(1,500

)

TOTAL ASSETS LESS CURRENT
LIABILITIES

(1,500

)

RESERVES

Income and expenditure account

(1,500

)

(1,500

)

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

The members have not required the company to obtain an audit of its financial statements for the period 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 surplus or deficit 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 in accordance with the provisions applicable to companies subject to the small companies regime.

The financial statements were approved by the Board of Directors and authorised for issue on 9 September 2025 and were signed on its behalf by:

P W Odling-Smee - Director

1.	STATUTORY INFORMATION

Havering London Limited is a private company, limited by guarantee , 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 and going concern

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.

Going Concern

The accounts have been prepared on a going concern basis. Havering London Limited is fully funded through government and non-government grants that have conditions and/or requirements attached, alongside sponsorships and other earned income.

Expenditure is linked to those conditions and/or requirements. The parent company and directors expect Havering London to continue trading for the next 12 months.

Government and non-government grants

Grants are recognised when there is reasonable assurance that the conditions attached to the grant will be complied with and the grants will be received.

Grants relating to income are recognised in profit or loss on a systematic basis over the periods in which the related costs are recognised.

Taxation

Taxation for the period 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.

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 period 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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the period was NIL.

4.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

£

Amounts owed by group undertakings

125,000

5.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

£

Accruals and deferred income

126,500

London Borough of Havering, the parent company applied for the National Heritage Lottery Fund grant on behalf of Havering London Limited. The first instalment of £125,000 was received in 2024/25. The application explicitly set out the purpose and specific projects to which the grant applies.

There were no related projects or activity undertaken in 2024/25. The proposed projects and activity will be carried out in 2025/26 onwards.

6.	ULTIMATE CONTROLLING PARTY

The company is wholly owned by The London Borough of Havering (LBH) whose registered office is the same as the company's registered office.

7.	MEMBERS’ LIABILITY

The company is limited by guarantee and does not have share capital. The Person with Significant Control, MAYOR AND BURGESSES OF THE LONDON BOROUGH OF HAVERING has agreed to contribute a sum not exceeding £1 to the assets of the company in the event of winding up, and for payments of debts and liabilities contracted before ceasing to be a member or within one year.