| Havenwells Limited |
| Registered number: |
03691858 |
| Balance Sheet |
| as at 31 January 2025 |
|
| Notes |
|
|
2025 |
|
|
2024 |
| £ |
£ |
| Fixed assets |
| Tangible assets |
3 |
|
|
1,300,000 |
|
|
361,246 |
|
| Current assets |
| Debtors |
4 |
|
501 |
|
|
- |
| Cash at bank and in hand |
|
|
2,124 |
|
|
2,951 |
|
|
|
2,625 |
|
|
2,951 |
|
| Creditors: amounts falling due within one year |
5 |
|
(37,129) |
|
|
(77,917) |
|
| Net current liabilities |
|
|
|
(34,504) |
|
|
(74,966) |
|
| Total assets less current liabilities |
|
|
|
1,265,496 |
|
|
286,280 |
|
| Creditors: amounts falling due after more than one year |
6 |
|
|
(252,698) |
|
|
(228,458) |
|
| Provisions for liabilities |
|
|
|
(234,689) |
|
|
- |
|
|
| Net assets |
|
|
|
778,109 |
|
|
57,822 |
|
|
|
|
|
|
|
|
| Capital and reserves |
| Called up share capital |
|
|
|
100 |
|
|
100 |
| Revaluation reserve |
7 |
|
|
704,065 |
|
|
- |
| Profit and loss account |
|
|
|
73,944 |
|
|
57,722 |
|
| Shareholders' funds |
|
|
|
778,109 |
|
|
57,822 |
|
|
|
|
|
|
|
|
| The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006. |
| The members have not required the company to obtain an audit in accordance with section 476 of the Act. |
| The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts. |
| The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies. |
|
|
|
|
| T D Wells |
| Director |
| Approved by the board on 30 October 2025 |
|
| Havenwells Limited |
| Notes to the Accounts |
| for the year ended 31 January 2025 |
|
|
| 1 |
Accounting policies |
|
|
Basis of preparation |
|
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard). |
|
|
Tangible fixed assets |
|
The tangible fixed assets now comprise only the freehold properties, which are held as lomg term investments. Any impairment to the value of the property will be reflected in the equity statement but there will no longer be an annual depreciation charge as the land and buildings are regularly maintained such that they retain their full value. |
|
|
Creditors |
|
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method. |
|
|
Taxation |
|
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted. |
|
|
| 2 |
Employees |
2025 |
|
2024 |
| Number |
Number |
|
|
Average number of persons employed by the company |
3 |
|
2 |
|
|
|
|
|
|
|
|
|
|
| 3 |
Tangible fixed assets |
|
|
|
|
|
|
|
|
Land and buildings |
| £ |
|
Cost |
|
At 1 February 2024 |
603,610 |
|
Surplus on revaluation |
938,754 |
|
Disposals |
(242,364) |
|
At 31 January 2025 |
1,300,000 |
|
|
|
|
|
|
|
|
|
|
Depreciation |
|
At 1 February 2024 |
242,364 |
|
Surplus on revaluation |
(242,364) |
|
At 31 January 2025 |
- |
|
|
|
|
|
|
|
|
|
|
Net book value |
|
At 31 January 2025 |
1,300,000 |
|
At 31 January 2024 |
361,246 |
|
The property was revalued during the year to reflect the move from a trading asset to an investment. The valuation was by way of a directors review of similar local properties and commercial property yields. |
|
|
| 4 |
Debtors |
2025 |
|
2024 |
| £ |
£ |
|
|
Other debtors |
501 |
|
- |
|
|
|
|
|
|
|
|
|
|
| 5 |
Creditors: amounts falling due within one year |
2025 |
|
2024 |
| £ |
£ |
|
|
Bank loans and overdrafts |
- |
|
4,333 |
|
Taxation and social security costs |
3,716 |
|
15,981 |
|
Other creditors |
33,413 |
|
57,603 |
|
|
|
|
|
|
37,129 |
|
77,917 |
|
|
|
|
|
|
|
|
|
|
| 6 |
Creditors: amounts falling due after one year |
2025 |
|
2024 |
| £ |
£ |
|
|
Other creditors |
252,698 |
|
228,458 |
|
|
|
|
|
|
|
|
|
|
| 7 |
Revaluation reserve |
2025 |
|
2024 |
| £ |
£ |
|
|
Gain on revaluation of land and buildings |
938,754 |
|
- |
|
Deferred taxation arising on the revaluation of land and buildings |
(234,689) |
|
- |
|
|
At 31 January 2025 |
704,065 |
|
- |
|
|
|
|
|
|
|
|
|
|
| 8 |
Controlling party |
|
|
The company is controlled by its directors and family members, who together hold 100% of the issued share capital. |
|
|
| 9 |
Other information |
|
|
Havenwells Limited is a private company limited by shares and incorporated in England. Its registered office is: |
|
Scots House |
|
15, Scots Lane |
|
Salisbury |
|
Wiltshire |
|
SP1 3TR |