REGISTERED NUMBER: 03262151 (England and Wales)

Unaudited Financial Statements

for the Year Ended 31 March 2025

for

HAYVENHURSTS LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

Mr P T Felman

Mr S F Cox

Mrs H Smith

Mr G R Williams

Mr M D Felman

SECRETARY:

Mr P T Felman

REGISTERED OFFICE:

Fairway House

Links Business Park

St.Mellons

Cardiff

South Glamorgan

CF3 0LT

REGISTERED NUMBER:

03262151 (England and Wales)

BANKERS:

Barclays Bank Plc

Corporate Banking Centre

Ty Glas Avenue

Llanishen

Cardiff

CF14 5LT

FIXED ASSETS

Intangible assets

4

1,023,679

1,023,679

Tangible assets

5

16,621

18,469

Investments

6

301,200

301,200

1,341,500

1,343,348

CURRENT ASSETS

Stocks

31,882

31,073

Debtors

7

1,063,465

971,223

Cash at bank and in hand

286,481

214,460

1,381,828

1,216,756

CREDITORS

Amounts falling due within one year

8

(1,757,672

)

(1,656,531

)

NET CURRENT LIABILITIES

(375,844

)

(439,775

)

TOTAL ASSETS LESS CURRENT LIABILITIES

965,656

903,573

CREDITORS

Amounts falling due after more than one year

9

(5,363

)

(26,548

)

NET ASSETS

960,293

877,025

CAPITAL AND RESERVES

Called up share capital

151

151

Retained earnings

960,142

876,874

SHAREHOLDERS' FUNDS

960,293

877,025

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

The members have not required the company to obtain an audit of its financial statements for the year 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 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 30 October 2025 and were signed on its behalf by:

Mr S F Cox - Director

1.	STATUTORY INFORMATION

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

Goodwill

Amortisation is not provided in accordance with FRS 10 since the directors consider the value is fairly stated.

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.

Computer equipment

-

33% on cost

Stocks

Work in progress is valued at the lower of cost and net realisable value.

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition.

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.

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 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 15 (2024 - 15 ) .

4.	INTANGIBLE FIXED ASSETS

Goodwill

£

COST

At 1 April 2024

and 31 March 2025

1,023,679

NET BOOK VALUE

At 31 March 2025

1,023,679

At 31 March 2024

1,023,679

5.	TANGIBLE FIXED ASSETS

Fixtures

and

Computer

fittings

equipment

Totals

£

£

£

COST

At 1 April 2024

27,962

58,104

86,066

Additions

2,744

-

2,744

At 31 March 2025

30,706

58,104

88,810

DEPRECIATION

At 1 April 2024

9,493

58,104

67,597

Charge for year

4,592

-

4,592

At 31 March 2025

14,085

58,104

72,189

NET BOOK VALUE

At 31 March 2025

16,621

-

16,621

At 31 March 2024

18,469

-

18,469

6.	FIXED ASSET INVESTMENTS

Investments (neither listed nor unlisted) were as follows:

2025

2024

£

£

Other investments

301,200

301,200

7.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade debtors

161,015

110,667

Other debtors

22,446

22,446

Amount due from related undertakings

875,882

833,655

Prepayments

4,122

4,455

1,063,465

971,223

8.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Tax

9,898

-

Social security and other taxes

38,231

22,000

Other creditors

8,264

72,135

Other loans

21,187

20,767

Amount due to related undertakings

1,677,907

1,463,452

Directors' current accounts

2,100

2,100

Accrued expenses

85

76,077

1,757,672

1,656,531

9.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2025

2024

£

£

Other loans - 1-2 years

5,363

-

Other loans due between 2 - 5 years

-

26,548

5,363

26,548

10.	SECURED DEBTS

The following secured debts are included within creditors:

2025

2024

£

£

11.	RELATED PARTY DISCLOSURES

Mr P.T. Felman is able to control the company Hayvenhursts Management Consultants Limited and exert significant influence over it. During the year, the company was charged £26,000 loan interest. At the year end an amount of £321,745 (2024 - £328,745) was due to Hayvenhursts Management Consultants Limited.

The amount due from fellow group company at the year end represents an amount due from Hayvenhursts Wales Limited of £171,542 (2024 - £171,542).

Included in amounts due from related parties includes £96,013 (2024 - £96,013) due from Hayvenhursts (Holdings) Ltd who is the ultimate parent company. Also included in amounts due from related parties are £399,660 (2024 - £442,421) due from Hayvenhursts Accountancy, £98,877 (2024 - £76,352) due from Hayvenhursts Bureau Ltd and £50,571 (2024 - £46,326) due from Hayvenhursts Management Ltd.

Included in amounts due to related undertakings is £349,618 (2024 - £247,863) due to Hayvenhursts Partnership, £54,548 (2024 - £81,258) due to Safeguard Accountancy Limited, £307,950 (2024 - £308,550) due to Forthright Accountancy Limited, £295,106 (2024 - £309,856) due to Castleton Accountancy Limited, £76,340 (2024 - £47,180) due to Hayven Property Tax Limited. The above represent loans outstanding and are connected by common directorship/partnership.

12.	ULTIMATE CONTROLLING PARTY

The ultimate parent undertaking is Hayvenhursts (Holdings) Limited by virtue of owning 100% of the Ordinary A share capital.

The ultimate controlling party is Mr P. Felman.