REGISTERED NUMBER: 03384873 (England and Wales)

QUEST HAVEN LIMITED

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2024

Page

Company Information

1

Statement of Financial Position

2

Notes to the Financial Statements

4

DIRECTORS:

T.N. Tagoe

Mrs R. Tagoe

REGISTERED OFFICE:

21 Lodge Lane

Grays

Essex

RM17 5RY

REGISTERED NUMBER:

03384873 (England and Wales)

ACCOUNTANTS:

CR Bland Baker Limited

Chartered Accountants

21 Lodge Lane

Grays

Essex

RM17 5RY

FIXED ASSETS

Intangible assets

4

-

-

Tangible assets

5

8,924

9,549

8,924

9,549

CURRENT ASSETS

Debtors

6

564,961

566,151

Cash at bank and in hand

2,021

6,130

566,982

572,281

CREDITORS

Amounts falling due within one year

7

214,142

185,735

NET CURRENT ASSETS

352,840

386,546

TOTAL ASSETS LESS CURRENT LIABILITIES

361,764

396,095

CREDITORS

Amounts falling due after more than one year

8

13,084

20,836

NET ASSETS

348,680

375,259

CAPITAL AND RESERVES

Called up share capital

100

100

Retained earnings

348,580

375,159

SHAREHOLDERS' FUNDS

348,680

375,259

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

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

In accordance with Section 444 of the Companies Act 2006, the Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 30 September 2025 and were signed on its behalf by:

T.N. Tagoe - Director

1.	STATUTORY INFORMATION

Quest Haven 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.

The company's financial statements have been prepared on a going concern basis which assumes the continued support of the company's directors and also the support of Harley Reed International Limited and Harley Reed (UK) Limited. Additionally it also assumes the recoverability of the loans to Harley Reed International Limited and Harley Reed (UK) Limited.

Turnover

Turnover represents net invoiced sales of services.

Goodwill

Goodwill, being the amount paid in connection with the acquisition of a business in 2011, is being amortised evenly over its estimated useful life of ten years.

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.

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

Fixtures and fittings

-

25% on reducing balance

Motor vehicles

-

25% on reducing balance

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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.

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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 4 (2023 - 5 ) .

4.	INTANGIBLE FIXED ASSETS

Goodwill

£

COST

At 1 January 2024

and 31 December 2024

1,500

AMORTISATION

At 1 January 2024

and 31 December 2024

1,500

NET BOOK VALUE

At 31 December 2024

-

At 31 December 2023

-

5.	TANGIBLE FIXED ASSETS

Plant and

Land and

machinery

buildings

etc

Totals

£

£

£

COST

At 1 January 2024

and 31 December 2024

17,305

8,321

25,626

DEPRECIATION

At 1 January 2024

8,501

7,576

16,077

Charge for year

439

186

625

At 31 December 2024

8,940

7,762

16,702

NET BOOK VALUE

At 31 December 2024

8,365

559

8,924

At 31 December 2023

8,804

745

9,549

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023

£

£

Trade debtors

901

35

Other debtors

564,060

566,116

564,961

566,151

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023

£

£

Bank loans and overdrafts

12,060

10,000

Trade creditors

2,946

4,973

Taxation and social security

83,768

91,337

Other creditors

115,368

79,425

214,142

185,735

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2024

2023

£

£

Bank loans

13,084

20,836

9.	SECURED DEBTS

The bounceback loan is secured by way of a government scheme.

10.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

A finance company has a charge over the assets of the company, it is in relation to a mortgage held in the director's, T.N. Tagoe and Mrs R.Tagoe's name. The mortgage is in connection with the premises the company trades from.

11.	RELATED PARTY DISCLOSURES

Balances with related parties:

At the balance sheet date the following loans subsisted with related parties:

2024

2023

£

£

Other creditors:

Directors loan - T.N. Tagoe and Mrs R. Tagoe

111,111

75,236

Other debtors:

Harley Reed International Limited (controlled by T.N. Tagoe and Mrs R. Tagoe)

158,380

158,680

Harley Reed (UK) Limited

403,539

404,287

561,919

562,967

Harley Reed International Limited and Harley Reed (UK) Limited are insolvent companies.

The balances above represent unsecured, interest free loans, repayable on demand.