Haven Clinical Psychology Practice Ltd

Contents

Statement of Financial Position	1 to 2
Notes to the Unaudited Financial Statements	3 to 8

Haven Clinical Psychology Practice Ltd

(Registration number: 08943088)
Statement of Financial Position as at 31 March 2025

	Note	2025 £	2024 £
Fixed assets
Tangible assets	4	480,342	428,521
Current assets
Stocks	5	16,688	11,283
Debtors	6	(20,292)	13,613
Cash at bank and in hand		209,145	196,446
		205,541	221,342
Creditors: Amounts falling due within one year	7	(149,233)	(97,939)
Net current assets		56,308	123,403
Total assets less current liabilities		536,650	551,924
Provisions for liabilities		(12,962)	(13,306)
Net assets		523,688	538,618
Capital and reserves
Called up share capital		2	2
Profit and loss account		523,686	538,616
Shareholders' funds		523,688	538,618

For the financial year ending 31 March 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

•	The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and
•	The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the director has not delivered to the registrar a copy of the Statement of Comprehensive Income.

Approved and authorised by the director on 2 December 2025
 

Haven Clinical Psychology Practice Ltd

(Registration number: 08943088)
Statement of Financial Position as at 31 March 2025 (continued)

Dr J E G Tonks Director

Ms A Haydon Company secretary

Haven Clinical Psychology Practice Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2025

1	General information

The company is a private company limited by share capital, incorporated in England and Wales.

The address of its registered office is:
Stanhope House
9-10 Fore Street
Holsworthy
Devon
EX22 6DT

Principal activity

The principal activity of the company is that of human health activities.

2	Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

The financial statements are prepared in sterling which is the functional currency of the entity.

Haven Clinical Psychology Practice Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2025 (continued)

2	Accounting policies (continued)

Judgements and key sources of estimation uncertainty

The preparation of the financial statements requires management to make judgements, estimates and assumptions that affect the amounts reported. These estimates and judgements are continually reviewed and are based on experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances.

Accounting estimates and assumptions are made concerning the future and, by their nature, will rarely equal the related actual outcome.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of value added tax, returns, rebates and discounts.

The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

Tax

The tax expense for the period comprises current and deferred tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

Deferred tax is recognised in respect of all timing differences between taxable profits and profits reported in the financial statements.

Unrelieved tax losses and other deferred tax assets are recognised when 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.

Tangible assets

Tangible assets are stated in the statement of financial position at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Haven Clinical Psychology Practice Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2025 (continued)

2	Accounting policies (continued)

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class	Depreciation method and rate
Buildings	2% straight line
Plant and machinery	25% reducing balance
Funiture, fittings tools and equipment	25% reducing balance
Motor vehicles	25% reducing balance
Computer equipment	25% reducing balance

Impairment

A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date.

Cash and cash equivalents

Cash and cash equivalents comprise cash at bank and in hand, demand deposits with banks, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value. In the statement of financial position, bank overdrafts are shown within borrowing or current liabilities

Stocks

Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Costs include all costs of purchase, costs of conversion and other costs incurred in bringing the stocks to their present location and condition. .

The cost of finished goods and work in progress comprises direct materials and, where applicable, direct labour costs and those overheads that have been incurred in bringing the inventories to their present location and condition. At each reporting date, stocks are assessed for impairment. If stocks are impaired, the carrying amount is reduced to its selling price less costs to complete and sell; the impairment loss is recognised immediately in profit or loss.

Defined contribution pension obligation

A defined contribution plan is a pension plan under which fixed contributions are paid into a pension fund and the company has no legal or constructive obligation to pay further contributions even if the fund does not hold sufficient assets to pay all employees the benefits relating to employee service in the current and prior periods.

Contributions to defined contribution plans are recognised as employee benefit expense when they are due. If contribution payments exceed the contribution due for service, the excess is recognised as a prepayment.

Haven Clinical Psychology Practice Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2025 (continued)

2	Accounting policies (continued)

Financial instruments

Recognition and measurement
A financial asset or a financial liability is recognised only when the company becomes party to the contractual provisions of the instrument.

Basic financial instruments are initially recognised at the transaction price, unless the arrangement constitutes a financing transaction, where it is recognised at the present value of the future payments discounted at a market rate of interest for a similar debt instrument.

3	Staff numbers

The average number of persons employed by the company (including the director) during the year, was 3 (2024 - 3).

4	Tangible assets

	Land and buildings £	Woodland £	Property improvements £	Fixtures and fittings £	Plant and machinery £	Office equipment £
Cost or valuation
At 1 April 2024	329,087	92,284	-	29,506	53,986	8,435
Additions	-	59,781	510	141	13,870	-
At 31 March 2025	329,087	152,065	510	29,647	67,856	8,435
Depreciation
At 1 April 2024	46,074	-	-	20,300	22,800	6,555
Charge for the year	6,582	-	-	2,303	8,422	480
At 31 March 2025	52,656	-	-	22,603	31,222	7,035
Carrying amount
At 31 March 2025	276,431	152,065	510	7,044	36,634	1,400
At 31 March 2024	283,013	92,284	-	9,206	31,186	1,880

Haven Clinical Psychology Practice Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2025 (continued)

4	Tangible assets (continued)

	Motor vehicles  £	Total £
Cost or valuation
At 1 April 2024	18,775	532,073
Additions	-	74,302
At 31 March 2025	18,775	606,375
Depreciation
At 1 April 2024	7,823	103,552
Charge for the year	4,694	22,481
At 31 March 2025	12,517	126,033
Carrying amount
At 31 March 2025	6,258	480,342
At 31 March 2024	10,952	428,521

Included within the net book value of land and buildings above is £276,431 (2024 - £283,013) in respect of freehold land and buildings, £152,065 (2024 - £92,284) in respect of long leasehold land and buildings and £510 (2024 - £Nil) in respect of short leasehold land and buildings.
 

5

Stocks

	2025 £	2024 £
Raw materials and consumables	500	500
Work in progress	16,188	10,783
	16,688	11,283

6

Debtors

	Note	2025 £	2024 £
Trade debtors		14,189	13,388
Amounts owed by related parties		(34,481)	225
		(20,292)	13,613

Haven Clinical Psychology Practice Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2025 (continued)

7

Creditors

Creditors: amounts falling due within one year

	2025 £	2024 £
Due within one year
Trade creditors	5,162	-
Taxation and social security	37,498	58,890
Accruals and deferred income	2,218	6,779
Other creditors	104,355	32,270
	149,233	97,939

8

Reserves

Profit and loss account:

This reserve records retained earnings and accumulated losses.