Hawkstead Limited - Accounts to registrar (filleted) - small 18.2
Hawkstead Limited - Accounts to registrar (filleted) - small 18.2
| REGISTERED NUMBER: |
| FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MAY 2021 |
| FOR |
| Hawkstead Limited |
| Hawkstead Limited (Registered number: 08068441) |
| CONTENTS OF THE FINANCIAL STATEMENTS |
| for the year ended 31 May 2021 |
| Page |
| Company Information | 1 |
| Balance Sheet | 2 | to | 3 |
| Notes to the Financial Statements | 4 | to | 6 |
| Hawkstead Limited |
| COMPANY INFORMATION |
| for the year ended 31 May 2021 |
| Directors: |
| Registered office: |
| Registered number: |
| Accountants: |
| 129 North Hill |
| Plymouth |
| Devon |
| PL4 8JY |
| Hawkstead Limited (Registered number: 08068441) |
| BALANCE SHEET |
| 31 May 2021 |
| 2021 | 2020 |
| Notes | £ | £ | £ | £ |
| Fixed assets |
| Tangible assets | 4 |
| Investment property | 5 |
| Current assets |
| Debtors | 6 |
| Cash at bank |
| Creditors |
| Amounts falling due within one year | 7 |
| Net current assets |
| Total assets less current liabilities |
| Creditors |
| Amounts falling due after more than one year |
8 |
| Net assets |
| Capital and reserves |
| Called up share capital | 10 |
| Fair value reserve | 11 |
| Retained earnings | ( |
) | ( |
) |
| Shareholders' funds |
| Hawkstead Limited (Registered number: 08068441) |
| BALANCE SHEET - continued |
| 31 May 2021 |
| 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. |
| In accordance with Section 444 of the Companies Act 2006, the Profit & Loss Account has not been delivered. |
| The financial statements were approved by the Board of Directors and authorised for issue on |
| Hawkstead Limited (Registered number: 08068441) |
| NOTES TO THE FINANCIAL STATEMENTS |
| for the year ended 31 May 2021 |
| 1. | STATUTORY INFORMATION |
| Hawkstead 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. |
| 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 as modified by the revaluation of certain fixed assets. |
| These financial statements have been prepared on a going concern basis. The company is dependant on the support of the directors who have a loan account of £14,628 included within creditors. The directors do not intend to withdraw these funds within 12 months. |
| Turnover |
| Turnover represents rents receivable inclusive of any amounts in arrears or advance at the balance sheet date. |
| Tangible fixed assets |
| Computer equipment | - |
| Investment property |
| Investment property is carried at fair value, and shown at it's most recent valuation. Any changes in fair value are recognised in the profit and loss. |
| Debtors |
| Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts. |
| Creditors |
| Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method. |
| Provisions |
| Provisions (ie liabilities of uncertain timing or amount) are recognised when there is an obligation at the reporting date as a result of a past event, it is probable that economic benefit will be transferred to settle the obligation and the amount of the obligation can be estimated reliably. |
| 3. | EMPLOYEES AND DIRECTORS |
| The average number of employees during the year was |
| Hawkstead Limited (Registered number: 08068441) |
| NOTES TO THE FINANCIAL STATEMENTS - continued |
| for the year ended 31 May 2021 |
| 4. | TANGIBLE FIXED ASSETS |
| Computer |
| equipment |
| £ |
| Cost |
| Additions |
| At 31 May 2021 |
| Depreciation |
| Charge for year |
| At 31 May 2021 |
| Net book value |
| At 31 May 2021 |
| 5. | INVESTMENT PROPERTY |
| Total |
| £ |
| Fair value |
| At 1 June 2020 |
| and 31 May 2021 |
| Net book value |
| At 31 May 2021 |
| At 31 May 2020 |
| The investment property was valued on 16th December 2019 by Commercial lenders as part of remortgage. |
| Fair value at 31 May 2021 is represented by: |
| £ |
| Valuation in 2019 | 463,500 |
| 6. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
| 2021 | 2020 |
| £ | £ |
| Other debtors |
| 7. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
| 2021 | 2020 |
| £ | £ |
| Other creditors |
| Hawkstead Limited (Registered number: 08068441) |
| NOTES TO THE FINANCIAL STATEMENTS - continued |
| for the year ended 31 May 2021 |
| 8. | CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR |
| 2021 | 2020 |
| £ | £ |
| Mortgage |
| Other creditors |
| 9. | SECURED DEBTS |
| The following secured debts are included within creditors: |
| 2021 | 2020 |
| £ | £ |
| Mortgage |
| 10. | CALLED UP SHARE CAPITAL |
| Allotted, issued and fully paid: |
| Number: | Class: | Nominal | 2021 | 2020 |
| value: | £ | £ |
| Ordinary Shares | £1 | 100 | 100 |
| 11. | RESERVES |
| Fair |
| value |
| reserve |
| £ |
| At 1 June 2020 |
| and 31 May 2021 |
| 12. | RELATED PARTY DISCLOSURES |
| At the balance sheet date the following amounts were owed to related parties by the company: - |
| Mr and Mrs Gribble | Directors | £14,628 |
| The loan was unsecured and carries no fixed term of repayment. Interest was charged on the loan. |
| 13. | ULTIMATE CONTROLLING PARTY |
| The company was controlled by its directors throughout the period. |