Year Ended
Registration number:
Haven Investments Limited
Balance Sheet
31 May 2025
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Note |
2025 |
2024 |
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Fixed assets |
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Tangible assets |
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Investment property |
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Investments |
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Current assets |
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Debtors |
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Cash at bank and in hand |
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Creditors: Amounts falling due within one year |
( |
( |
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Net current assets |
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Total assets less current liabilities |
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Creditors: Amounts falling due after more than one year |
( |
- |
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Provisions for liabilities |
( |
( |
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Net assets |
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Capital and reserves |
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Called up share capital |
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Profit and loss account |
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Shareholders' funds |
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These financial statements have been prepared and delivered in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006 and the option not to file the Profit and Loss Account has been taken.
Approved and authorised by the
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Company Registration Number: 00411455
Haven Investments Limited
Notes to the Financial Statements
Year Ended 31 May 2025
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General information |
The company is a private company limited by share capital, incorporated in England and Wales.
The address of its registered office and principal place of business is:
These financial statements were authorised for issue by the
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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.
Statement of compliance
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 Section 1A and the Companies Act 2006. There are no material departures from FRS 102.
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 functional currency of Haven Investments Limited is considered to be pounds sterling because it is the currency of the primary economic environment in which the company operates.
Group accounts not prepared
Haven Investments Limited
Notes to the Financial Statements
Year Ended 31 May 2025
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2 |
Accounting policies (continued) |
Going concern
The Board of Directors have considered the current economic climate, and are pleased to report that their cashflow forecasts have held up well from the year end. Looking beyond the date of these financial statements, the Directors have subjected their forecasts to a range of sensitivity tests, and are confident that the business will continue to operate positively allowing for a range of reasonably possible outcomes over the next twelve months.
Taking into account all available information about the future, the board of directors have assessed the ability of the company to continue as a going concern, and consider that the going concern assumption is appropriate when preparing the financial statements.
Revenue recognition
Revenue is recognised to the extent that the company obtains the right to consideration in exchange for its performance. Revenue is measured at the fair value of consideration received, excluding discounts, rebates, VAT and other sales taxes or duty. The following criteria must also be met before revenue is recognised:
Rental income and service charges
Revenue in respect of property rental and services charges is recognised on an accruals basis in the period to which the rent or service charge applies. Lease incentives are recognised on a straight line basis over the period up to the first rent review date.
Solar panel income
Revenue in respect of solar panel income is recognised on an accruals basis in the period to which the energy was generated.
Other income
Other income is recognised in the period to which it relates.
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 corporation 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 on all timing differences at the balance sheet date unless indicated below. Timing differences are differences between taxable profits and the results as stated in the profit and loss account and other comprehensive income. Deferred tax is determined using tax rates and laws that have been enacted or substantively enacted by the reporting date.
Tangible assets
Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.
Haven Investments Limited
Notes to the Financial Statements
Year Ended 31 May 2025
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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:
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Asset class |
Depreciation method and rate |
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Plant and machinery |
10% per annum on cost on solar panels, 20% per annum on cost of all other plant |
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Fixtures, fittings and equipment |
20% per annum on cost |
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Motor vehicles |
20% per annum on cost |
Investment property
Investments
Fixed asset investments are stated at historical cost less provision for any diminution in value.
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.
Financial instruments
The company holds the following financial instruments all of which are classified as basic:
• Short term trade and other debtors and creditors; and
• Cash and bank balances.
Haven Investments Limited
Notes to the Financial Statements
Year Ended 31 May 2025
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Staff numbers |
The average number of persons employed by the company (including directors) during the year, was
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Tangible assets |
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Plant and machinery |
Total |
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Cost or valuation |
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At 1 June 2024 |
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Additions |
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At 31 May 2025 |
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Depreciation |
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At 1 June 2024 |
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Charge for the year |
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At 31 May 2025 |
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Carrying amount |
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At 31 May 2025 |
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At 31 May 2024 |
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Investment properties |
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2025 |
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At 1 June 2024 |
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Additions |
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Disposals |
( |
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Fair value adjustments |
( |
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At 31 May 2025 |
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Haven Investments Limited
Notes to the Financial Statements
Year Ended 31 May 2025
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Investments |
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Investments in subsidiaries |
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Cost or valuation |
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At 1 June 2024 |
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At 31 May 2025 |
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Provision |
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At 1 June 2024 |
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At 31 May 2025 |
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Carrying amount |
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At 31 May 2025 |
- |
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At 31 May 2024 |
- |
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Investments in joint ventures |
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Cost |
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At 1 June 2024 |
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Additions |
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At 31 May 2025 |
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Carrying amount |
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At 31 May 2025 |
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At 31 May 2024 |
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Haven Investments Limited
Notes to the Financial Statements
Year Ended 31 May 2025
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6 |
Investments (continued) |
Details of undertakings
Details of the investments in which the company holds any class of share capital are as follows:
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Undertaking |
Registered office |
Holding |
Proportion of voting rights and shares held |
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2025 |
2024 |
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Subsidiary undertakings |
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Clyst Court, Hill Barton Business Park, Clyst St. Mary, Exeter, England, EX5 1SA |
Ordinary |
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Participating interests |
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Clyst Court, Hill Barton Business Park, Clyst St. Mary, Exeter, England, EX5 1SA |
Ordinary |
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Bittern Management Company Limited is dormant.
The principal activity of Clyst Haven Limited is property development, rental and investment.
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Debtors |
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2025 |
2024 |
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Trade debtors |
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Amounts owed by related parties |
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Other debtors |
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Prepayments |
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Creditors |
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Note |
2025 |
2024 |
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Due within one year |
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Loans and borrowings |
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Trade creditors |
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Corporation tax |
23,867 |
- |
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Taxation and social security |
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Other creditors |
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Accruals and deferred income |
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Haven Investments Limited
Notes to the Financial Statements
Year Ended 31 May 2025
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8 |
Creditors (continued) |
Creditors: amounts falling due after more than one year
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Note |
2025 |
2024 |
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Due after one year |
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Loans and borrowings |
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- |
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Loans and borrowings |
Non-current loans and borrowings
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2025 |
2024 |
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Other borrowings |
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- |
Current loans and borrowings
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2025 |
2024 |
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Other borrowings |
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Obligations under leases and hire purchase contracts |
Operating leases
The total of future minimum lease payments is as follows:
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2025 |
2024 |
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Not later than one year |
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Later than one year and not later than five years |
- |
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The amount of non-cancellable operating lease payments recognised as an expense during the year was £Nil (2024 - £Nil). The lease agreement is in the name of Haven Investments Limited and so the obligation to pay lies with the company. However, all of the lease repayments are recharged to Clyst Haven Limited. As such, there are no lease payments recognised as an expense in Haven Investments Limited.
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Reserves |
Included within the profit and loss reserve is £9,293,206 (2024: £9,611,267) in respect of unrealised fair value gains on investment properties net of associated deferred tax.
Haven Investments Limited
Notes to the Financial Statements
Year Ended 31 May 2025
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Share capital |
Allotted, called up and fully paid shares
|
2025 |
2024 |
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No. |
£ |
No. |
£ |
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123,074 |
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123,074 |
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Related party transactions |
Loans to related parties
|
2025 |
Entities with joint control or significant influence |
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At start of period |
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Converted to shares |
( |
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At end of period |
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2024 |
Entities with joint control or significant influence |
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At start of period |
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Advanced |
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At end of period |
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Terms of loans to related parties
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Audit report |