REGISTERED NUMBER: 07645123 (England and Wales)

Unaudited Financial Statements

for the Year Ended 31st March 2025

for

LHAF LIMITED

Page

Company Information

1

Abridged Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

L Harris FCCA

L Harris

REGISTERED OFFICE:

1A Leazes Lane

St Helen Auckland

Bishop Auckland

County Durham

DL14 9DU

REGISTERED NUMBER:

07645123 (England and Wales)

FIXED ASSETS

Intangible assets

4

-

-

Tangible assets

5

1,137

972

Investments

6

100

100

1,237

1,072

CURRENT ASSETS

Debtors

348,797

288,734

Cash at bank and in hand

34,855

58,884

383,652

347,618

CREDITORS

Amounts falling due within one year

43,060

19,991

NET CURRENT ASSETS

340,592

327,627

TOTAL ASSETS LESS CURRENT LIABILITIES

341,829

328,699

CREDITORS

Amounts falling due after more than one year

7

(23,841

)

(26,637

)

PROVISIONS FOR LIABILITIES

(216

)

(185

)

NET ASSETS

317,772

301,877

CAPITAL AND RESERVES

Called up share capital

200

200

Retained earnings

317,572

301,677

SHAREHOLDERS' FUNDS

317,772

301,877

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31st 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.

All the members have consented to the preparation of an abridged Income Statement and an abridged Balance Sheet for the year ended 31st March 2025 in accordance with Section 444(2A) of the Companies Act 2006.

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 31st December 2025 and were signed on its behalf by:

L Harris FCCA - Director

1.	STATUTORY INFORMATION

LHAF 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 (£).

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.

The financial statements have been prepared using the going concern basis of accounting.

Goodwill

Goodwill, being the amount paid in connection with the acquisition of businesses in 2012 and 2013, is being amortised evenly over its estimated useful life of five years.

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.

Plant and machinery

-

20% on reducing balance

Fixtures and fittings

-

20% on reducing balance

Computer equipment

-

20% on reducing balance

Investments in associates

Investments in associate undertakings are recognised at cost.

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.

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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2024 - 1 ) .

4.	INTANGIBLE FIXED ASSETS

Totals

£

COST

At 1st April 2024

and 31st March 2025

377,719

AMORTISATION

At 1st April 2024

and 31st March 2025

377,719

NET BOOK VALUE

At 31st March 2025

-

At 31st March 2024

-

5.	TANGIBLE FIXED ASSETS

Totals

£

COST

At 1st April 2024

9,236

Additions

599

At 31st March 2025

9,835

DEPRECIATION

At 1st April 2024

8,264

Charge for year

434

At 31st March 2025

8,698

NET BOOK VALUE

At 31st March 2025

1,137

At 31st March 2024

972

6.	FIXED ASSET INVESTMENTS

Information on investments other than loans is as follows:

Totals

£

COST

At 1st April 2024

and 31st March 2025

100

NET BOOK VALUE

At 31st March 2025

100

At 31st March 2024

100

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN FIVE YEARS

31/3/25

31/3/24

£

£

Repayable by instalments

Bank loans more 5 yr by instal

12,145

14,941

8.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 31st March 2025 and 31st March 2024:

31/3/25

31/3/24

£

£

L Harris FCCA and L Harris

Balance outstanding at start of year

150,121

123,716

Amounts advanced

174,966

187,226

Amounts repaid

(134,528

)

(160,821

)

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

190,559

150,121

The joint Directors' loan is repayable on demand. A repayment was made on 30th April 2025.