Hawk Consulting Limited - Accounts to registrar (filleted)

REGISTERED NUMBER: 06479609 (England and Wales)

Unaudited Financial Statements for the Year Ended 31 December 2019

for

Hawk Consulting Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTORS:

B M Comin

S Menconi

SECRETARY:

B M Comin

REGISTERED OFFICE:

38 Craven Street

London

WC2N 5NG

REGISTERED NUMBER:

06479609 (England and Wales)

ACCOUNTANTS:

B&P Tax Legal Finance LLP

38 Craven Street

London

WC2N 5NG

FIXED ASSETS

Property, plant and equipment

4

323

-

Investments

5

2

325

2

CURRENT ASSETS

Debtors

6

395,118

475,825

Cash at bank and in hand

9,632

40,560

404,750

516,385

CREDITORS

Amounts falling due within one year

7

322,848

300,039

NET CURRENT ASSETS

81,902

216,346

TOTAL ASSETS LESS CURRENT
LIABILITIES

82,227

216,348

CAPITAL AND RESERVES

Called up share capital

190,000

Retained earnings

(107,773

)

26,348

82,227

216,348

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 2 December 2020 and were signed on its behalf by:

S Menconi - Director

1.	STATUTORY INFORMATION

Hawk Consulting 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 Euro (€).

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.

Related party exemption

The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group.

Turnover

Turnover is measured at the fair value of the consideration received or receivable and represents

amounts receivable services rendered, stated net of discounts and of Value Added Tax. When the

consideration receivable in cash or cash equivalents is deferred, and the arrangement constitutes

in effect a financing transaction, the fair value of the consideration is measured as the present

value of all future receipts determined using an imputed rate of interest, normally the rate that

discounts the nominal amount of consideration to the cash sales price.

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 are depreciated 25% on cost on a straight line basis.

Investments in subsidiaries

Investments in subsidiary undertakings are recognised at cost.

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.

Pension costs and other post-retirement benefits

The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

Debtors

Short term debtors are measured at transaction price, less any impairment. Loans receivable are

measured initially at fair value, net of transaction costs, and are measured subsequently at

amortised cost using the effective interest method, less any impairment.

Creditors

Short term trade creditors are measured at the transaction price. Other financial liabilities,

including bank loans, are measured initially at fair value, net of transaction costs, and are

measured subsequently at amortised cost using the effective interest method.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2018 - 2 ) .

4.	PROPERTY, PLANT AND EQUIPMENT

Plant and

machinery

etc

€

COST

Additions

378

At 31 December 2019

378

DEPRECIATION

Charge for year

55

At 31 December 2019

55

NET BOOK VALUE

At 31 December 2019

323

5.	FIXED ASSET INVESTMENTS

Other

investments

€

COST

At 1 January 2019

and 31 December 2019

2

NET BOOK VALUE

At 31 December 2019

2

At 31 December 2018

2

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.19

31.12.18

as restated

€

Trade debtors

70,797

136,297

Amounts owed by group undertakings

281,500

291,000

Other debtors

42,821

48,528

395,118

475,825

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.19

31.12.18

as restated

€

Trade creditors

1,133

4,831

Amounts owed to group undertakings

231,557

244,247

Taxation and social security

5,264

-

Other creditors

84,894

50,961

322,848

300,039

8.	RELATED PARTY DISCLOSURES

At the end of the reporting period the company was owed € 281,500(2018: € 291,000) from Special Risk Group Holding Limited, a fellow subsidiary. As at today the agreement says is bears non interest and repayable on demand.

At the end of the reporting year the company owed € 32,633 to Real North Property Limited and in 2018 the amount of €4,196 was owed from Real North Property Limited.

At the end of the reporting period the company was owed €9,689 ( 2018: €15,979) from Real Albion Llc.

At the end of the year the director's loan account was €13,961 and in 2018 this account was overdrawn by €900.

9.	ULTIMATE CONTROLLING PARTY

The ultimate controlling party is S Menconi.

The parent company is M3F Holding Limited.

Hawk Consulting Limited - Accounts to registrar (filleted) - small 18.2

Hawk Consulting Limited - Accounts to registrar (filleted) - small 18.2