Havering London Limited - Accounts to registrar (filleted)

REGISTERED NUMBER: 15885716 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2026

FOR

HAVERING LONDON LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTORS:

P W Odling-Smee

M J Russell

P P Manoharan

B Nicholls

D R Shearing

REGISTERED OFFICE:

Havering Town Hall

Main Road

Romford

United Kingdom

RM1 3BB

REGISTERED NUMBER:

15885716 (England and Wales)

ACCOUNTANTS:

THP Limited

Chartered Accountants

34-40 High Street

Wanstead

London

E11 2RJ

FIXED ASSETS

Intangible assets

4

20,000

-

CURRENT ASSETS

Debtors

5

23,479

125,000

Cash at bank and in hand

425,304

-

448,783

125,000

CREDITORS

Amounts falling due within one year

6

469,742

126,500

NET CURRENT LIABILITIES

(20,959

)

(1,500

)

TOTAL ASSETS LESS CURRENT

LIABILITIES

(959

)

(1,500

)

RESERVES

Income and expenditure account

(959

)

(1,500

)

(959

)

(1,500

)

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2026.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2026 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 surplus or deficit 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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 9 June 2026 and were signed on its behalf by:

P W Odling-Smee - Director

1.	STATUTORY INFORMATION

Havering London Limited is a private company, limited by guarantee , 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 and going concern

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 accounts have been prepared on a going concern basis. Havering London Limited is primarily funded through a combination of government and non government grants, which are subject to specific conditions and/or performance requirements, together with sponsorship and other earned income.

Expenditure is incurred in line with the conditions attached to these funding streams. Based on current and anticipated funding, the parent company and the directors have a reasonable expectation that Havering London Limited will continue in operational existence for at least the next 12 months.

Revenue recognition

Revenue is measured at the fair value of the consideration received or receivable and represents the amount receivable for Havering London's services supplied, net of returns.

Revenue is recognised in the accounting period in which the related project was delivered.

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.

Development costs are being amortised evenly over their estimated useful life of three years.

Government and other grants

Government grants and other similar income related grants are recognised in income statement when there is reasonable assurance that the company will comply with the conditions of the grant and that the grant will be received. Grants intended to support specific expenditure are recognised in the same period as the related costs, and grants with no future conditions attached are recognised as income when receivable.

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.

Pension costs and other post-retirement benefits

The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2025 - NIL ) .

4.	INTANGIBLE FIXED ASSETS

Other

intangible

assets

£

COST

Additions

30,000

At 31 March 2026

30,000

AMORTISATION

Charge for year

10,000

At 31 March 2026

10,000

NET BOOK VALUE

At 31 March 2026

20,000

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2026

2025

£

Amounts owed by group undertakings

-

125,000

Prepayments and accrued income

23,479

-

23,479

125,000

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2026

2025

£

Trade creditors

20,643

-

Social security and other taxes

2,672

-

Other creditors

239

-

Accruals and deferred income

446,188

126,500

469,742

126,500

At the previous year-end, the London Borough of Havering, as parent, held funds on behalf of Havering London Limited. This arrangement continued during the year until Havering London Limited established its own bank account, at which point all funds were transferred accordingly. As a result, no balances were held by the London Borough of Havering on behalf of Havering London Limited as at 31 March 2026.

Grant income is deferred and recognised only when the related project or activity to which the grant relates has been carried out.

7.	ULTIMATE CONTROLLING PARTY

The company is wholly owned by The London Borough of Havering (LBH) whose registered office is the same as the company's registered office.

8.	MEMBERS’ LIABILITY

The company is limited by guarantee and does not have share capital. The parent company, The London Borough of Havering has agreed to contribute a sum not exceeding £1 to the assets of the company in the event of winding up, and for payments of debts and liabilities contracted before ceasing to be a member or within one year.