REGISTERED NUMBER: 00485070 (England and Wales)

Unaudited Financial Statements for the Year Ended 28 February 2025

for

R.Havens Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

N P Havens

P N Havens

SECRETARY:

N P Havens

REGISTERED OFFICE:

1434 London Road

Leigh on sea

Essex

SS9 2UL

REGISTERED NUMBER:

00485070 (England and Wales)

ACCOUNTANTS:

Butlers Chartered Accountants

1434 London Road

Leigh on Sea

Essex

SS9 2UL

FIXED ASSETS

Tangible assets

4

1,410,419

1,410,861

CURRENT ASSETS

Debtors

5

37,731

65,171

Cash in hand

7

7

37,738

65,178

CREDITORS

Amounts falling due within one year

6

210,506

80,384

NET CURRENT LIABILITIES

(172,768

)

(15,206

)

TOTAL ASSETS LESS CURRENT LIABILITIES

1,237,651

1,395,655

CREDITORS

Amounts falling due after more than one year

7

-

(215,538

)

PROVISIONS FOR LIABILITIES

(1,980

)

(2,456

)

NET ASSETS

1,235,671

1,177,661

CAPITAL AND RESERVES

Called up share capital

15,000

15,000

Revaluation reserve

9

1,359,469

1,359,469

Retained earnings

(138,798

)

(196,808

)

SHAREHOLDERS' FUNDS

1,235,671

1,177,661

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 28 February 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 28 February 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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 24 November 2025 and were signed on its behalf by:

N P Havens - Director

P N Havens - Director

1.	STATUTORY INFORMATION

R.Havens 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.

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 as modified by the revaluation of certain assets.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Goodwill

Goodwill, being the amount paid in connection with the acquisition of a business has been fully amortised in the current year.

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.

Fixtures and fittings

-

10% on reducing balance

Computer equipment

-

20% on reducing balance

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.

Hire purchase and leasing commitments

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Pension costs and other post-retirement benefits

The company makes payments into the private pensions of the directors. The contributions made within the year are charged to the profit and loss account in the period to which they relate.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was NIL (2024 - 2 ).

4.	TANGIBLE FIXED ASSETS

Plant and

Land and

machinery

buildings

etc

Totals

£

£

£

COST OR VALUATION

At 1 March 2024

1,400,000

132,745

1,532,745

Additions

-

906

906

At 28 February 2025

1,400,000

133,651

1,533,651

DEPRECIATION

At 1 March 2024

-

121,884

121,884

Charge for year

-

1,348

1,348

At 28 February 2025

-

123,232

123,232

NET BOOK VALUE

At 28 February 2025

1,400,000

10,419

1,410,419

At 29 February 2024

1,400,000

10,861

1,410,861

Cost or valuation at 28 February 2025 is represented by:

Plant and

Land and

machinery

buildings

etc

Totals

£

£

£

Valuation in 2016

1,059,469

133,651

1,193,120

Valuation in 2017

300,000

-

300,000

1,359,469

133,651

1,493,120

If freehold land and buildings had not been revalued it would have been included at the following historical cost:

28.2.25

29.2.24

£

£

Cost

40,531

40,531

Freehold land and buildings were valued on an open market basis on 28 February 2021 by Mr N & Mr P Havens (Directors) .

5.

DEBTORS

28.2.25

29.2.24

£

£

Amounts falling due within one year:

Trade debtors

13,560

23,000

Other debtors

5,171

23,171

18,731

46,171

28.2.25

29.2.24

£

£

Amounts falling due after more than one year:

Trade debtors

19,000

19,000

Aggregate amounts

37,731

65,171

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

28.2.25

29.2.24

£

£

Bank loans and overdrafts

9,386

23,828

Trade creditors

842

73

Taxation and social security

18,381

4,061

Other creditors

181,897

52,422

210,506

80,384

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

28.2.25

29.2.24

£

£

Bank loans

-

215,538

Amounts falling due in more than five years:

Repayable by instalments

Bank loans more 5 yr by instal

-

176,342

8.	SECURED DEBTS

The following secured debts are included within creditors:

28.2.25

29.2.24

£

£

Bank overdrafts

9,386

10,763

Bank loans

-

228,603

9,386

239,366

The above loans are secured upon the company freehold property at 138/140 Hamlet Court Road, Westcliff on Sea.

9.

RESERVES

Revaluation

reserve

£

At 1 March 2024

and 28 February 2025

1,359,469

10.	ULTIMATE CONTROLLING PARTY

The company is not under the ultimate control of any individual party.