Hookipa Developments Limited - Accounts to registrar (filleted) - small 18.2

Hookipa Developments Limited - Accounts to registrar (filleted) - small 18.2

HOOKIPA DEVELOPMENTS LIMITED - Company Information

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REGISTERED NUMBER: 04443811















Unaudited Financial Statements for the Year Ended 30 September 2020

for

Hookipa Developments Limited
Hookipa Developments Limited (Registered number: 04443811)






Contents of the Financial Statements
for the Year Ended 30 September 2020




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


Hookipa Developments Limited

Company Information
for the Year Ended 30 September 2020







DIRECTOR: A W Bailey





REGISTERED OFFICE: Unit 1
Tremletts Boatyard
Odhams Wharf
Topsham
Devon
EX3 0PB





REGISTERED NUMBER: 04443811





ACCOUNTANTS: Blue Sky
Chartered Accountants
The Old Dairy
Cadhay
Ottery St Mary
Devon
EX11 1QT
Page 1
Hookipa Developments Limited (Registered number: 04443811)

Balance Sheet
30 September 2020

2020 2019
Notes £    £   
CURRENT ASSETS
Stocks 25,000 25,000
Debtors 4 2,500 2,500
Cash in hand 1 1
27,501 27,501
CREDITORS
Amounts falling due within one year 5 945 945
NET CURRENT ASSETS 26,556 26,556
TOTAL ASSETS LESS CURRENT LIABILITIES 26,556 26,556

CAPITAL AND RESERVES
Called up share capital 1 1
Retained earnings 26,555 26,555
SHAREHOLDERS' FUNDS 26,556 26,556

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 September 2020.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 September 2020 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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 director and authorised for issue on 30 June 2021 and were signed by:





A W Bailey - Director


The notes form part of these financial statements

Page 2
Hookipa Developments Limited (Registered number: 04443811)

Notes to the Financial Statements
for the Year Ended 30 September 2020

1. Statutory information

Hookipa Developments Limited is a private company, limited by shares , registered in Not specified/Other. 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 Pound Sterling (£).


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.

Stocks
Work in progress is valued at the lower of cost and net realisable value.

Financial instruments
(i) Financial assets
Basic financial assets, including trade and other debtors are initially recognised at the transaction price and therefore stated at amortisation cost using the effective interest method, less impairment losses for bad and doubtful debts except where the effect of discounting would be immaterial. In such cases, the debtors are stated at cost less impairment losses for bad and doubtful debts.

Financial assets are derecognised when (a) the contractual rights to the cash flows from the asset expire or are settled, or (b) substantially all the risks and rewards of the ownership of the asset are transferred to another party or (c) despite having retained some significant risks and rewards of ownership, control of the asset has been transferred to another party who has the practical ability to unilaterally sell the asset to an unrelated third party without imposing additional restrictions.

(ii) Financial liabilities
Basic financial liabilities, including trade and other creditors, bank loans and other loans are initially recognised at transaction price, unless the arrangement constitutes a financing transaction.

Trade creditors are obligations to pay for goods and services that have been acquired in the ordinary course of business from suppliers. Creditors are classified as current liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities. Trade creditors are recognised initially at transaction price and subsequently measured at amortisation cost using the effective interest method.

Financial liabilities are derecognised when the liability is extinguished, that is when the contractual obligation is discharged, cancelled or expires.

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.

3. Employees and directors

The average number of employees during the year was NIL (2019 - NIL).

Page 3 continued...
Hookipa Developments Limited (Registered number: 04443811)

Notes to the Financial Statements - continued
for the Year Ended 30 September 2020

4. Debtors: amounts falling due within one year
2020 2019
£    £   
Other debtors 2,500 2,500

5. Creditors: amounts falling due within one year
2020 2019
£    £   
Other creditors 945 945

Page 4