Haven Trading Limited - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 07445668 (England and Wales)

HAVEN TRADING LIMITED

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2019

Page

Company Information

1

Statement of Financial Position

2

to

3

Notes to the Financial Statements

4

to

6

DIRECTOR:

J Padley

SECRETARY:

N Padley

REGISTERED OFFICE:

5 Resolution Close

Endeavour Park

Boston

Lincolnshire

PE21 7TT

REGISTERED NUMBER:

07445668 (England and Wales)

ACCOUNTANTS:

Duncan & Toplis Limited

5 Resolution Close

Endeavour Park

Boston

Lincolnshire

PE21 7TT

FIXED ASSETS

Investments

3

51

10,051

CURRENT ASSETS

Debtors

4

580,704

1,008,750

CREDITORS

Amounts falling due within one year

5

398,089

448,238

NET CURRENT ASSETS

182,615

560,512

TOTAL ASSETS LESS CURRENT LIABILITIES

182,666

570,563

CREDITORS

Amounts falling due after more than one year

6

12,129

-

NET ASSETS

170,537

570,563

CAPITAL AND RESERVES

Called up share capital

8

176

176

Retained earnings

170,361

570,387

SHAREHOLDERS' FUNDS

170,537

570,563

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2019.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2019 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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 and authorised for issue by the director on 31 December 2019 and were signed by:

J Padley - Director

1.	STATUTORY INFORMATION

Haven Trading 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 (£).

The company's trading address is:

Haven Business Park

Riverside Industrial Estate

Boston

Lincolnshire

PE21 7AA

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.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts,

rebates, value added tax and other sales taxes.

Fixed asset investments

Fixed asset investments are stated at cost, unless in the opinion of the Director,there has been an impairment,

in which case an appropriate adjustment has been made.

3.	FIXED ASSET INVESTMENTS

Shares in

group

undertakings

£

COST

At 1 April 2018

10,051

Additions

175,100

Disposals

(185,100

)

At 31 March 2019

51

NET BOOK VALUE

At 31 March 2019

51

At 31 March 2018

10,051

4.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2019

2018

£

£

Amounts owed by group undertakings

24,189

291,635

Other debtors

556,515

717,115

580,704

1,008,750

5.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2019

2018

£

£

Bank loans and overdrafts

12,683

25,229

Amounts owed to group undertakings

265,527

308,394

Taxation and social security

118,474

113,210

Other creditors

1,405

1,405

398,089

448,238

6.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2019

2018

£

£

Bank loans

12,129

-

7.	SECURED DEBTS

The following secured debts are included within creditors:

2019

2018

£

£

Bank loans

24,067

-

The bank loan is secured by way of a guarantee of £25,000 from J Padley, a director of the company.

8.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2019

2018

value:

£

£

176

Ordinary

£1

176

176

9.	DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31 March 2019 and

31 March 2018:

2019

2018

£

£

J Padley

Balance outstanding at start of year

605,930

156,008

Amounts advanced

211,568

449,922

Amounts repaid

(410,134

)

-

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

407,364

605,930

The loan made to the director is unsecured, interest free and repayable on demand.

Since the year end, the director has repaid £250,000 of the overdrawn loan account.

It is the director's intention to make further repayments of the overdrawn loan account prior to the 31 March

2020.