M&F Havens Ltd - Accounts

M&F Havens Ltd
Statement of Financial Position
As at 31 October 2025

	Notes	2025 £	2024 £
Current assets
Debtors	3	4,375	8,024
Cash at bank and in hand		18,429	20,292
		22,804	28,316
Creditors: amount falling due within one year	4	(18,600)	(19,351)
Net current assets		4,204	8,965

Total assets less current liabilities		4,204	8,965
Net assets		4,204	8,965

Capital and reserves
Called up share capital		2	2
Profit and loss account		4,202	8,963
Shareholders' funds		4,204	8,965

For the year ended 31 October 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

The members have not required the company to obtain an audit of its accounts for the year in question 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 accounts.

These 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 to the Registrar of Companies.

The financial statements were approved by the board of directors on 29 July 2026 and were signed on its behalf by:

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Alexander Moses Chukwuka Nwanji
Director

M&F Havens Ltd
Notes to the Financial Statements
For the year ended 31 October 2025

General Information

M&F Havens Ltd is a private company, limited by shares, registered in England and Wales, registration number 13658036, registration address 20-22 Wenlock Road, London, N1 7GU.

The presentation currency is £ sterling.

Accounting policies

Significant accounting policies

Statement of compliance

These financial statements have been prepared in compliance with Section 1A (Small Entities) of FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland, and the Companies Act 2006.

Basis of preparation

The financial statements have been prepared under the historical cost convention.

The financial statements are prepared in sterling which is the functional currency of the company.

Going concern basis

These financial statements have been prepared on a going concern basis. Notwithstanding the operating loss incurred during the year, the directors have reviewed the company's trading position, cash resources and forecasts, and consider that the company has adequate resources to continue in operational existence for the foreseeable future, being a period of at least twelve months from the date of approval of these financial statements.

Turnover

Turnover represents rental income receivable from the letting of leased property during the year.

Taxation

Taxation represents the sum of tax currently payable and deferred tax. Tax is recognised in the statement of income, except to the extent that it relates to items recognised in other comprehensive income or directly in capital and reserves.
The company’s liability for current tax is calculated using the tax rates and laws that have been enacted or substantively enacted at the reporting date.
Current and deferred tax assets and liabilities are not discounted

2.	Average number of employees Average number of employees during the year was 3 (2024 : 3).

Debtors: amounts falling due within one year

	2025 £		2024 £
Deposits held by TDS	4,375		8,024
	4,375		8,024

Creditors: amount falling due within one year

	2025 £	2024 £
Tenant Deposits	4,375	8,525
Corporation Tax	0	88
Accrued Expenses	49	1
Directors' Loan Account	14,176	10,737
	18,600	19,351

Directors' Loan Account

Directors' Loan Account represents amounts due to a director, unsecured, interest-free and repayable on demand (see note 9).

Advances and credits granted to directors

During the year the company made advances totalling £5,997 to two of its three directors. These advances were unsecured, interest-free and repayable on demand. The balances outstanding of £2,639 in total were settled in full at the year end by way of set-off against dividends declared to those directors (note 8), rather than by cash repayment. No amounts were written off during the year.

The loan account of the remaining director, Francesca Nwanji, stayed in credit throughout the year. The balance increased from £7,379 at 1 November 2024 to £14,176 at 31 October 2025, an increase of £6,797 arising from further amounts credited to the director during the year. The balance is unsecured, interest-free and repayable on demand, and is included within creditors (note 7).

Registered Number: 13658036
England and Wales
M&F HAVENS LTD

Unaudited Financial Statements

Period of accounts Start date: 01 November 2024 End date: 31 October 2025