REGISTERED NUMBER: 07445668 (England and Wales)

HAVEN TRADING LIMITED

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2025

Page

Company Information

1

Statement of Financial Position

2

Notes to the Financial Statements

3

to

5

DIRECTORS:

J Padley

Ms J Buyukkaraca

SECRETARY:

N Padley

REGISTERED OFFICE:

5 Resolution Close

Endeavour Park

Boston

Lincolnshire

PE21 7TT

REGISTERED NUMBER:

07445668 (England and Wales)

ACCOUNTANTS:

Duncan & Toplis Limited

5 Resolution Close

Endeavour Park

Boston

Lincolnshire

PE21 7TT

FIXED ASSETS

Tangible assets

4

97,062

31,478

Investments

5

47,994

51

Investment property

6

2,065,796

1,573,872

2,210,852

1,605,401

CURRENT ASSETS

Debtors

7

205,084

39,869

Cash at bank

1,270

20,779

206,354

60,648

CREDITORS

Amounts falling due within one year

8

2,333,120

1,602,908

NET CURRENT LIABILITIES

(2,126,766

)

(1,542,260

)

TOTAL ASSETS LESS CURRENT LIABILITIES

84,086

63,141

CREDITORS

Amounts falling due after more than one year

9

(65,073

)

-

PROVISIONS FOR LIABILITIES

(13,886

)

-

NET ASSETS

5,127

63,141

CAPITAL AND RESERVES

Called up share capital

11

176

176

Retained earnings

4,951

62,965

SHAREHOLDERS' FUNDS

5,127

63,141

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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved and authorised for issue by the Board of Directors and authorised for issue on 22 December 2025 and were signed on its behalf by:

J Padley - Director

1.	STATUTORY INFORMATION

Haven Trading 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.

The presentation currency of the financial statements is the Pound Sterling (£).

The company's trading address is:

Haven Business Park

Riverside Industrial Estate

Boston

Lincolnshire

PE21 7AA

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.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Plant and machinery etc

-

25% on reducing balance

Tangible fixed assets are stated at cost (or deemed cost) or valuation less accumulated depreciation and accumulated impairment losses. Cost includes costs directly attributable to making the asset capable of operating as intended.

Investment property

Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

Financial instruments

The company has chosen to adopt the FRS102 1A in respect of financial instruments.

Basic financial assets, including trade and other debtors and cash and bank balances are initially recognised at transaction price, unless the arrangement constitute a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest.

At the end of each reporting period, financial assets measured at amortised cost are assessed for objective evidence of impairment. If an asset is impaired, the impairment loss is the difference between the carrying amount and the present value of the estimated cash flows discounted at the asset's original effective interest rate. The impairment loss is recognised in the income statement.

Debt instruments are subsequently carried at amortised cost, using the effective interest rate method.

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities. Trade creditors are recognised initially at transaction price and subsequently measured at amortised cost using the effective interest method.

Fixed asset investments

Fixed asset investments are stated at cost, unless in the opinion of the Director,there has been an impairment, in which case an appropriate adjustment has been made.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was NIL (2024 - NIL).

4.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1 April 2024

32,159

Additions

81,590

At 31 March 2025

113,749

DEPRECIATION

At 1 April 2024

681

Charge for year

16,006

At 31 March 2025

16,687

NET BOOK VALUE

At 31 March 2025

97,062

At 31 March 2024

31,478

5.	FIXED ASSET INVESTMENTS

Shares in

group

Other

undertakings

investments

Totals

£

£

£

COST

At 1 April 2024

51

-

51

Additions

6,967

40,976

47,943

At 31 March 2025

7,018

40,976

47,994

NET BOOK VALUE

At 31 March 2025

7,018

40,976

47,994

At 31 March 2024

51

-

51

6.	INVESTMENT PROPERTY

Total

£

FAIR VALUE

At 1 April 2024

1,573,872

Additions

491,924

At 31 March 2025

2,065,796

NET BOOK VALUE

At 31 March 2025

2,065,796

At 31 March 2024

1,573,872

7.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Amounts owed by group undertakings

-

38,559

Other debtors

205,084

1,310

205,084

39,869

8.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Hire purchase contracts

8,075

-

Trade creditors

19,590

15,564

Amounts owed to group undertakings

1,343,465

618,884

Taxation and social security

-

1,640

Other creditors

961,990

966,820

2,333,120

1,602,908

9.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2025

2024

£

£

Hire purchase contracts

65,073

-

10.	SECURED DEBTS

The following secured debts are included within creditors:

2025

2024

£

£

Other loans

953,729

896,170

Hire purchase

73,148

-

1,026,877

896,170

Borrowings and hire purchase arrangements are secured on the assets to which they relate.

11.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2025

2024

value:

£

£

176

Ordinary

£1

176

176

12.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

During the year, £707,761 (2024 - £1,076,957) was advanced to a director and £443,202 (2024 - £1,437,870) was repaid. At the year end, the balance outstanding was £196,507 advanced (2024 - £68,052 in credit).

The loan made to the director is unsecured and repayable on demand. Interest was charged at HMRC's prescribed rate for beneficial loans arrangements.