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

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


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REGISTERED NUMBER: 02181722(England and Wales)















Unaudited Financial Statements for the Year Ended 31 March 2019

for

Hafren Investments Ltd

Hafren Investments Ltd (Registered number: 02181722)






Contents of the Financial Statements
for the Year Ended 31 March 2019




Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 4


Hafren Investments Ltd

Company Information
for the Year Ended 31 March 2019







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

Hafren Investments Ltd (Registered number: 02181722)

Statement of Financial Position
31 March 2019

31.3.19 31.3.18
Notes £    £    £    £   
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.

Hafren Investments Ltd (Registered number: 02181722)

Statement of Financial Position - continued
31 March 2019


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 2019and were signed on its behalf
by:





P. D. Goacher- Director


Hafren Investments Ltd (Registered number: 02181722)

Notes to the Financial Statements
for the Year Ended 31 March 2019

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

Hafren Investments Ltd (Registered number: 02181722)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2019

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

Hafren Investments Ltd (Registered number: 02181722)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2019

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 )