Hafren Investments Ltd - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 02181722 (England and Wales)

Unaudited Financial Statements for the Year Ended 31 March 2019

for

Hafren Investments Ltd

Page

Company Information

1

Statement of Financial Position

2

Notes to the Financial Statements

4

DIRECTORS:

P. D. Goacher

C. R. Cava

SECRETARY:

C. R. Cava

REGISTERED OFFICE:

21 Priory Avenue

Turnham Green

Chiswick

London

W4 1TZ

REGISTERED NUMBER:

02181722 (England and Wales)

ACCOUNTANTS:

Preston Accountants Limited

Chartered Certified Accountants

1 Carlton Parade

Preston Road

Wembley

Middlesex

HA9 8NE

FIXED ASSETS

Tangible assets

4

2,313

2,391

Investment property

5

141,484

152,367

143,797

154,758

CURRENT ASSETS

Stocks

6

4,196,224

4,220,447

Debtors

7

50,000

61,500

Investments

8

84,003

84,003

Cash at bank

495,028

688,620

4,825,255

5,054,570

CREDITORS

Amounts falling due within one year

9

46,947

92,574

NET CURRENT ASSETS

4,778,308

4,961,996

TOTAL ASSETS LESS CURRENT LIABILITIES

4,922,105

5,116,754

CAPITAL AND RESERVES

Called up share capital

10

11

11

Share premium

39,996

39,996

Retained earnings

4,882,098

5,076,747

SHAREHOLDERS' FUNDS

4,922,105

5,116,754

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 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 Statement of Comprehensive Income has not been delivered.

The financial statements were approved by the Board of Directors on 9 September 2019 and were signed on its behalf by:

P. D. Goacher - Director

1.	STATUTORY INFORMATION

Hafren Investments Ltd 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.

Turnover

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

value added tax and other sales taxes.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Computer equipment

-

20% on reducing balance

Investment property

Investment Property is shown at initial cost less accumulated depreciation. Depreciation is provided for at the

following annual rates in order to write off each asset over its estimated useful life.

Investment property - 5% on cost

Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow

moving items.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was NIL (2018 - NIL).

4.	TANGIBLE FIXED ASSETS

Freehold

Computer

property

equipment

Totals

£

£

£

COST

At 1 April 2018

and 31 March 2019

2,000

764

2,764

DEPRECIATION

At 1 April 2018

-

373

373

Charge for year

-

78

78

At 31 March 2019

-

451

451

NET BOOK VALUE

At 31 March 2019

2,000

313

2,313

At 31 March 2018

2,000

391

2,391

5.	INVESTMENT PROPERTY

Total

£

FAIR VALUE

At 1 April 2018

and 31 March 2019

217,666

DEPRECIATION

At 1 April 2018

65,299

Charge for year

10,883

At 31 March 2019

76,182

NET BOOK VALUE

At 31 March 2019

141,484

At 31 March 2018

152,367

6.

STOCKS

31.3.19

31.3.18

£

£

Stocks

4,196,224

4,220,447

7.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.19

31.3.18

£

£

Other debtors

50,000

61,500

8.	CURRENT ASSET INVESTMENTS

31.3.19

31.3.18

£

£

Shares in subsidiaries

84,003

84,003

9.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.19

31.3.18

£

£

Tax

-

5,591

Directors' loan accounts

44,067

10,912

Accrued expenses

2,880

2,400

Deferred Grant

-

73,671

46,947

92,574

10.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.3.19

31.3.18

value:

£

£

11

Ordinary

1

11

11

11.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

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

31 March 2018:

31.3.19

31.3.18

£

£

P. D. Goacher

Balance outstanding at start of year

(10,912

)

31,567

Amounts advanced

(33,155

)

(10,912

)

Amounts repaid

-

(31,567

)

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

(44,067

)

(10,912

)