Silverfin false false 31/03/2025 01/04/2024 31/03/2025 Mrs H Banks 19/06/2017 Mr A Banks 19/06/2017 18 March 2026 The principal activity of the Company during the financial year was the provision of construction services. 10824445 2025-03-31 10824445 bus:Director1 2025-03-31 10824445 bus:Director2 2025-03-31 10824445 2024-03-31 10824445 core:CurrentFinancialInstruments 2025-03-31 10824445 core:CurrentFinancialInstruments 2024-03-31 10824445 core:ShareCapital 2025-03-31 10824445 core:ShareCapital 2024-03-31 10824445 core:RetainedEarningsAccumulatedLosses 2025-03-31 10824445 core:RetainedEarningsAccumulatedLosses 2024-03-31 10824445 core:OfficeEquipment 2024-03-31 10824445 core:OfficeEquipment 2025-03-31 10824445 bus:OrdinaryShareClass1 2025-03-31 10824445 2024-04-01 2025-03-31 10824445 bus:FilletedAccounts 2024-04-01 2025-03-31 10824445 bus:SmallEntities 2024-04-01 2025-03-31 10824445 bus:AuditExemptWithAccountantsReport 2024-04-01 2025-03-31 10824445 bus:PrivateLimitedCompanyLtd 2024-04-01 2025-03-31 10824445 bus:Director1 2024-04-01 2025-03-31 10824445 bus:Director2 2024-04-01 2025-03-31 10824445 core:OfficeEquipment core:TopRangeValue 2024-04-01 2025-03-31 10824445 2023-04-01 2024-03-31 10824445 bus:OrdinaryShareClass1 2024-04-01 2025-03-31 10824445 bus:OrdinaryShareClass1 2023-04-01 2024-03-31 iso4217:GBP xbrli:pure xbrli:shares

Company No: 10824445 (England and Wales)

# KARN HAVOS BUILDING COMPANY LIMITED

### Unaudited Financial Statements
For the financial year ended 31 March 2025
Pages for filing with the registrar

KARN HAVOS BUILDING COMPANY LIMITED

## Unaudited Financial Statements

For the financial year ended 31 March 2025

Contents

KARN HAVOS BUILDING COMPANY LIMITED

## BALANCE SHEET

As at 31 March 2025
KARN HAVOS BUILDING COMPANY LIMITED

## BALANCE SHEET (continued)

As at 31 March 2025

| Note | 2025 |  | 2024
|  | £ |  | £
Current assets |  |  |  |
Stocks | 4 | 0 |  | 130,000
Debtors | 5 | 41,227 |  | 119,752
Cash at bank and in hand |  | 996 |  | 15,522
|  | 42,223 |  | 265,274
Creditors: amounts falling due within one year | 6 | ( 16,285) |  | ( 135,295)
Net current assets |  | 25,938 |  | 129,979
Total assets less current liabilities |  | 25,938 |  | 129,979
Net assets |  | 25,938 |  | 129,979
Capital and reserves |  |  |  |
Called-up share capital | 7 | 100 |  | 100
Profit and loss account |  | 25,838 |  | 129,879
Total shareholder's funds |  | 25,938 |  | 129,979

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.

Directors' responsibilities:

- The member has not required the Company to obtain an audit of its financial statements for the financial year in accordance with section 476;
- The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements; and
- These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime and a copy of the Statement of Income and Retained Earnings has not been delivered.

The financial statements of Karn Havos Building Company Limited (registered number: 10824445) were approved and authorised for issue by the Board of Directors on 18 March 2026. They were signed on its behalf by:

Mr A Banks Director |

KARN HAVOS BUILDING COMPANY LIMITED

## NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 31 March 2025
KARN HAVOS BUILDING COMPANY LIMITED

## NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 31 March 2025

##### 1. Accounting policies

The principal accounting policies are summarised below. They have all been applied consistently throughout the financial year and to the preceding financial year, unless otherwise stated.

##### General information and basis of accounting

Karn Havos Building Company Limited (the Company) is a private company, limited by shares, incorporated in the United Kingdom under the Companies Act 2006 and is registered in England and Wales. The address of the Company's registered office is Lowin House, Tregolls Road, Truro, TR1 2NA, United Kingdom.
The financial statements have been prepared under the historical cost convention, modified to include certain items at fair value, and in accordance with Section 1A of Financial Reporting Standard 102 (FRS 102) ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland’ issued by the Financial Reporting Council and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.
The financial statements are presented in pounds sterling which is the functional currency of the Company and rounded to the nearest £.

##### Turnover

Turnover represents charges made for the provision of construction services and is stated net of VAT and trade discounts and is recognised as milestones are reached in accordance with the underlying contracts.

##### Taxation

Current tax
Current tax is provided at amounts expected to be paid (or recoverable) using the tax rates and laws that have been enacted or substantively enacted at the Balance Sheet date.

##### Tangible fixed assets

Tangible fixed assets are stated at cost or valuation, net of depreciation and any provision for impairment. Depreciation is provided on all tangible fixed assets, other than investment property and freehold land, at rates calculated to write off the cost or valuation, less estimated residual value, of each asset on a straight-line basis over its expected useful life, as follows:

Office equipment | 4 years straight line

Residual value represents the estimated amount which would currently be obtained from disposal of an asset, after deducting estimated costs of disposal, if the asset were already of the age and in the condition expected at the end of its useful life.

##### Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to sell, which is equivalent to the net realisable value. Cost is calculated using the FIFO (first-in, first-out) method.
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 stocks 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.

##### Financial instruments

Financial assets and financial liabilities are recognised when the Company becomes a party to the contractual provisions of the instrument.
Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the Company after deducting all of its liabilities.
Financial assets and liabilities are only offset in the Balance Sheet when, and only when there exists a legally enforceable right to set off the recognised amounts and the Company intends either to settle on a net basis, or to realise the asset and settle the liability simultaneously.

#### 2. Employees

| 2025 |  | 2024
| Number |  | Number
Monthly average number of persons employed by the Company during the year, including directors | 2 |  | 2

#### 3. Tangible assets

| Office equipment |  | Total
| £ |  | £
Cost |  |  |
At 01 April 2024 | 675 |  | 675
At 31 March 2025 | 675 |  | 675
Accumulated depreciation |  |  |
At 01 April 2024 | 675 |  | 675
At 31 March 2025 | 675 |  | 675
Net book value |  |  |
At 31 March 2025 | 0 |  | 0
At 31 March 2024 | 0 |  | 0

#### 4. Stocks

| 2025 |  | 2024
| £ |  | £
Work in progress | 0 |  | 130,000

#### 5. Debtors

| 2025 |  | 2024
| £ |  | £
Trade debtors | 0 |  | 3,660
Amounts owed by Group undertakings | 34,166 |  | 89,826
Other debtors | 7,061 |  | 26,266
| 41,227 |  | 119,752

#### 6. Creditors: amounts falling due within one year

| 2025 |  | 2024
| £ |  | £
Trade creditors | 8,369 |  | 41,263
Accruals | 2,800 |  | 2,801
Corporation tax | 5,111 |  | 40,175
Other creditors | 5 |  | 51,056
| 16,285 |  | 135,295

#### 7. Called-up share capital

| 2025 |  | 2024
| £ |  | £
Allotted, called-up and fully-paid |  |  |
100 Ordinary shares of £ 1.00 each | 100 |  | 100

#### 8. Related party transactions

Other related party transactions

| 2025 |  | 2024
| £ |  | £
Karn Havos Holdings Limited | 34,166 |  | 89,826

Working capital has been provided to the parent company by way on an inter-group loan. At the year end the amount owed by the parent company was £34,166 (2024 - £89,826) in this respect. The loan is interest free and repayable on demand.

#### 9. Ultimate controlling party

Parent Company:

Karn Havos Holdings Limited
Lowin House Tregolls Road Truro TR1 2NA