REGISTERED NUMBER: OC434734 (England and Wales)

HAVENROCK LLP

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024

Page

General Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DESIGNATED MEMBERS:

J V Patel

V Patel

Mrs K Patel

REGISTERED OFFICE:

2nd Floor, One Hobbs House

Harrovian Business Village

Bessborough Road

Harrow

Middlesex

HA1 3EX

REGISTERED NUMBER:

OC434734 (England and Wales)

ACCOUNTANTS:

Albury Associates Limited

2nd Floor, One Hobbs House,

Harrovian Business Village

Bessborough Road

Harrow

Middlesex

HA1 3EX

FIXED ASSETS

Tangible assets

4

1,861,500

1,861,500

CURRENT ASSETS

Debtors

5

293,414

191,662

Cash at bank

165,822

124,569

459,236

316,231

CREDITORS

Amounts falling due within one year

6

54,569

18,318

NET CURRENT ASSETS

404,667

297,913

TOTAL ASSETS LESS CURRENT LIABILITIES

2,266,167

2,159,413

CREDITORS

Amounts falling due after more than one year

7

2,047,519

2,047,457

NET ASSETS ATTRIBUTABLE TO MEMBERS

218,648

111,956

LOANS AND OTHER DEBTS DUE TO MEMBERS

9

218,648

111,956

TOTAL MEMBERS' INTERESTS

Loans and other debts due to members

9

218,648

111,956

Amounts due from members

5

(265,301

)

(165,640

)

(46,653

)

(53,684

)

The LLP is entitled to exemption from audit under Section 477 of the Companies Act 2006 as applied to LLPs by the Limited Liability Partnerships (Accounts and Audit) (Application of Companies Act 2006) Regulations 2008 for the year ended 31 December 2024.

The members acknowledge their responsibilities for:

(a)	ensuring that the LLP keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 as applied to LLPs by the Limited Liability Partnerships (Accounts and Audit) (Application of Companies Act 2006) Regulations 2008 and

(b)

preparing financial statements which give a true and fair view of the state of affairs of the LLP 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 as applied to LLPs by the Limited Liability Partnerships (Accounts and Audit) (Application of Companies Act 2006) Regulations 2008 relating to financial statements, so far as applicable to the LLP.

The financial statements have been prepared and delivered in accordance with the provisions applicable to LLPs subject to the small LLPs regime.

In accordance with Section 444 of the Companies Act 2006 as applied to LLPs by the Limited Liability Partnerships (Accounts and Audit) (Application of Companies Act 2006) Regulations 2008, the Income Statement has not been delivered.

The financial statements were approved by the members of the LLP and authorised for issue on 30 September 2025 and were signed by:

J V Patel - Designated member

1.	STATUTORY INFORMATION

Havenrock LLP is registered in England and Wales. The LLP's registered number and registered office address can be found on the General 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 requirements of the Statement of Recommended Practice, Accounting by Limited Liability Partnerships. The financial statements have been prepared under the historical cost convention.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Investment property

Although the Companies Act require the systematic annual depreciation of fixed assets, the members believe the policy of not providing depreciation is necessary in order for the financial statements to give a true and fair view, since the current value of properties, and changes to that value, are of primary importance rather a calculation of systematic annual depreciation. Depreciation is only one of the many factors reflected in the annual valuation and the amount that might otherwise have been included cannot be separately identified or quantified.

3.	EMPLOYEE INFORMATION

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

4.	TANGIBLE FIXED ASSETS

Land and

buildings

£

COST

At 1 January 2024

and 31 December 2024

1,861,500

NET BOOK VALUE

At 31 December 2024

1,861,500

At 31 December 2023

1,861,500

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023

£

£

Other debtors

293,414

191,662

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023

£

£

Trade creditors

799

-

Amounts owed to associates

34,972

-

Other creditors

18,798

18,318

54,569

18,318

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2024

2023

£

£

Bank loans

2,047,519

2,047,457

8.	SECURED DEBTS

The following secured debts are included within creditors:

2024

2023

£

£

Bank loans

2,047,519

2,047,457

The Bank loans are secured by way of a fixed charge over the partnership's leasehold properties.

9.

LOANS AND OTHER DEBTS DUE TO MEMBERS

2024

2023

£

£

Amounts owed to members in respect of profits

218,648

111,956

Falling due within one year

218,648

111,956

Loan and other debts due to members rank in subordination to Other Creditors. Other creditors are unsecured.There are no restrictions on the ability of the Members to reduce the amounts of Members other interests.

10.	RELATED PARTY DISCLOSURES

At the year-end date, included within creditors, amount falling due within one year is £34,972 (2023: NIL) owed to related entity in which the director Mr V Patel, Mrs K V Patel and Mr J V Patel has beneficial interest.