Haversian Limited 31/03/2021 iXBRL

Haversian Limited 31/03/2021 iXBRL

HAVERSIAN LIMITED - Company Information

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Company registration number: 06865883
Haversian Limited
Unaudited filleted financial statements
31 March 2021
Haversian Limited
Contents
Directors and other information
Accountants report
Statement of financial position
Notes to the financial statements
Haversian Limited
Directors and other information
Director Professor Michael Moore
Company number 06865883
Registered office 70 White Lion Street
Islington
London
N1 9PP
Business address The Gatehouse
105 Palace Road
East Molesey
Surrey
KT8 9DU
Accountants Rogove & Company
70 White Lion Street
London
N1 9PP
Haversian Limited
Chartered accountants report to the director on the preparation of the
unaudited statutory financial statements of Haversian Limited
Year ended 31 March 2021
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Haversian Limited for the year ended 31 March 2021 which comprise the statement of financial position and related notes from the company's accounting records and from information and explanations you have given us.
As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed at http://www.icaew.com /membershandbook.
This report is made solely to the Board of Directors of Haversian Limited, as a body, in accordance with the terms of our engagement letter. Our work has been undertaken solely to prepare for your approval the financial statements of Haversian Limited and state those matters that we have agreed to state to them, as a body, in this report in accordance with ICAEW Technical Release 07/16 AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Haversian Limited and its Board of Directors as a body for our work or for this report.
It is your duty to ensure that Haversian Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Haversian Limited. You consider that Haversian Limited is exempt from the statutory audit requirement for the year.
We have not been instructed to carry out an audit or a review of the financial statements of Haversian Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.
Rogove & Company
Chartered Accountants
70 White Lion Street
London
N1 9PP
20 December 2021
Haversian Limited
Statement of financial position
31 March 2021
2021 2020
Note £ £ £ £
Fixed assets
Tangible assets 5 1,462 2,206
_______ _______
1,462 2,206
Current assets
Debtors 6 7,478 12,978
Cash at bank and in hand 301,142 275,243
_______ _______
308,620 288,221
Creditors: amounts falling due
within one year 7 ( 13,443) ( 15,869)
_______ _______
Net current assets 295,177 272,352
_______ _______
Total assets less current liabilities 296,639 274,558
Provisions for liabilities ( 278) ( 419)
_______ _______
Net assets 296,361 274,139
_______ _______
Capital and reserves
Called up share capital 100 100
Profit and loss account 296,261 274,039
_______ _______
Shareholder funds 296,361 274,139
_______ _______
For the year ending 31 March 2021 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Director's responsibilities:
- The member has not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476;
- The director acknowledges their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
In accordance with section 444 of the Companies Act 2006, the director's report and the statement of income and retained earnings have not been delivered.
These financial statements were approved by the board of directors and authorised for issue on 20 December 2021 , and are signed on behalf of the board by:
Professor Michael Moore
Director
Company registration number: 06865883
England and Wales
Haversian Limited
Notes to the financial statements
Year ended 31 March 2021
1. General information
The company is a private company limited by shares, registered in England and Wales. The company registration number is: 06865883 . The country of incorporation is England & Wales. The address of the registered office is 70 White Lion Street, Islington, London, N1 9PP.
2. Statement of compliance
These financial statements have been prepared in compliance with the provisions of FRS 102, Section 1A, 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
3. Accounting policies
Basis of preparation
The financial statements have been prepared on the historical cost basis in accordance with the accounting policies set out below. The financial statements are prepared in sterling, which is the functional currency of the entity.
Going concern
No material uncertainties that may cast doubt about the ability of the company to continue as a going concern have been identified by the director.
Turnover
Turnover is measured at the fair value of the consideration received or receivable for services rendered, and is stated net of discounts and Value Added Tax.
Taxation
Taxation represents the sum of tax currently payable and deferred tax.The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period. Deferred tax is recognised on all timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered.Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period.
Tangible assets
Tangible fixed assets held for the company's own use are stated at cost less accumulated depreciation and accumulated impairment losses.
Depreciation
Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:
Fittings fixtures and equipment - 25 % straight line
If there is an indication that there has been a significant change in depreciation rate, useful life or residual value of tangible assets, the depreciation is revised prospectively to reflect the new estimates.
Impairment
At each balance sheet date, the company reviews the carrying amount of its tangible fixed assets to determine whether there is any indication that any items have suffered an impairment loss. If any such indication exists, the recoverable amount of an asset is estimated in order to determine the extent of the impairment loss, if any. Where it is not possible to estimate the recoverable amount of the asset, the company estimates the recoverable amount of the cash-generating unit to which the asset belongs.
Financial instruments
Loans are recognised at the transaction value.
4. Employee numbers
The average number of persons employed by the company during the year amounted to 1 (2020: 1 ).
5. Tangible assets
Fixtures, fittings and equipment Total
£ £
Cost
At 1 April 2020 12,934 12,934
Additions 110 110
_______ _______
At 31 March 2021 13,044 13,044
_______ _______
Depreciation
At 1 April 2020 10,728 10,728
Charge for the year 854 854
_______ _______
At 31 March 2021 11,582 11,582
_______ _______
Carrying amount
At 31 March 2021 1,462 1,462
_______ _______
At 31 March 2020 2,206 2,206
_______ _______
6. Debtors
2021 2020
£ £
Trade debtors 6,518 12,320
Other debtors 960 658
_______ _______
7,478 12,978
_______ _______
7. Creditors: amounts falling due within one year
2021 2020
£ £
Corporation tax 5,613 5,780
Other creditors 7,830 10,089
_______ _______
13,443 15,869
_______ _______
8. Directors advances, credits and guarantees
The balance brought forward at 1 April 2020, owed by the company to its sole director, was £2,476. The director advanced further amounts to the company totalling £503 until the director's loan was repaid by the company to him on 2 September 2020, at which date the company also made a loan advance to the sole director of £7,021. The director repaid his loan to the company on 20 November 2020. The loan by the company to its director was interest free, unsecured and repayable on demand. On 20 November 2020 the director also made a loan advance to the company of £2,985 and from that date the director made a further loan advance to the company of £312 so that on 31 March 2021 the company owed £3,297 to the sole director. No amount of any loan was written off or waived in respect of the year under review.