Hawk Consulting Limited - Accounts to registrar (filleted) - small 22.3

Hawk Consulting Limited - Accounts to registrar (filleted) - small 22.3

HAWK CONSULTING LIMITED - Company Information

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REGISTERED NUMBER: 06479609 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 December 2021

for

Hawk Consulting Limited
Hawk Consulting Limited (Registered number: 06479609)






Contents of the Financial Statements
for the Year Ended 31 December 2021




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


Hawk Consulting Limited

Company Information
for the Year Ended 31 December 2021







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
Page 1
Hawk Consulting Limited (Registered number: 06479609)

Balance Sheet
31 December 2021

2021 2020
Notes €    €    €    €   
FIXED ASSETS
Property, plant and equipment 4 842 228
Investments 5 10,001 10,001
10,843 10,229

CURRENT ASSETS
Debtors 6 784,941 482,356
Cash at bank and in hand 4,212 40,188
789,153 522,544
CREDITORS
Amounts falling due within one year 7 143,918 338,427
NET CURRENT ASSETS 645,235 184,117
TOTAL ASSETS LESS CURRENT
LIABILITIES
656,078
194,346

CAPITAL AND RESERVES
Called up share capital 190,000 190,000
Retained earnings 466,078 4,346
656,078 194,346

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2021.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2021 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 22 December 2022 and were signed on its behalf by:




S Menconi - Director


The notes form part of these financial statements

Page 2
Hawk Consulting Limited (Registered number: 06479609)

Notes to the Financial Statements
for the Year Ended 31 December 2021

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.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

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 subsequently at amortised cost using the effective interest method.

Page 3 continued...
Hawk Consulting Limited (Registered number: 06479609)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2021

2. ACCOUNTING POLICIES - continued

Government grants
Coronavirus job retention scheme
The Coronavirus Job Retention Scheme (CJRS) results in cash payments from government to compensate
employers for part of the wages, associated national insurance contributions (NICs) and employer pension
contributions of employees who have been placed on furlough.
The company has chosen to account for CJRS government grant by adopting the accrual model under Section 24 of FRS 102. Revenues have been recognised as income on a systematic basis over the periods in which the entity has recognised the related costs for which the grant was intended to compensate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2020 - 2 ) .

4. PROPERTY, PLANT AND EQUIPMENT
Plant and
machinery
etc
€   
COST
At 1 January 2021 378
Additions 872
At 31 December 2021 1,250
DEPRECIATION
At 1 January 2021 150
Charge for year 258
At 31 December 2021 408
NET BOOK VALUE
At 31 December 2021 842
At 31 December 2020 228

5. FIXED ASSET INVESTMENTS
Other
investments
€   
COST
At 1 January 2021
and 31 December 2021 10,001
NET BOOK VALUE
At 31 December 2021 10,001
At 31 December 2020 10,001

Page 4 continued...
Hawk Consulting Limited (Registered number: 06479609)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2021

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2021 2020
€    €   
Trade debtors 103,457 145,088
Amounts owed by group undertakings 287,705 281,500
Other debtors 393,779 55,768
784,941 482,356

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2021 2020
€    €   
Trade creditors 4,033 63,654
Amounts owed to group undertakings 10,324 -
Taxation and social security 30,954 4,963
Other creditors 98,607 269,810
143,918 338,427

8. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31 December 2021 and 31 December 2020:

2021 2020
€    €   
S Menconi
Balance outstanding at start of year (12,865 ) (12,865 )
Amounts advanced 20,947 -
Amounts repaid (1,391 ) -
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 6,691 (12,865 )

Page 5 continued...
Hawk Consulting Limited (Registered number: 06479609)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2021

9. RELATED PARTY DISCLOSURES

At the end of the reporting period the company was owed €281,500 (2020: €281,500) from Special Risk Group Holding Limited. The loan bears no interest and repayable on demand.

At the end of the reporting year the company owed €31,919 to Real North Property Limited (2020: €31,919), a company under common control. It bears no interest and is repayable on demand.

At the end of the reporting period the company was owed €28,558 ( 2020: €28,558 ) from Real Albion Llc, a company under common control. It bears no interest and is repayable on demand.

At the end of the reporting period the company was owed €11,422 ( 2020: €650 ) from MA Collection. The loan bears no interest and is repayable on demand.

At the end of the reporting period the company was owed €10,029 ( 2020: €10,029 ) from Royalvale PTE. The loan bears no interest and is repayable on demand.

At the end of the reporting period the company was owed €10,324 ( 2020: €NIL) to OKO SERVIZI S.r.l. The loan bears no interest and is repayable on demand.

At the end of the reporting period the company was owed €222,232 ( 2020: €NIL ) from SRIB EU S.r.l. The loan bears no interest and is repayable on demand.

At the end of the year the director's loan account debit balance was €6,691 (2020: €12,865 payable) which bears no interest and is repayable on demand.

10. ULTIMATE CONTROLLING PARTY

The ultimate controlling party is S Menconi.

The parent company is M3F Holding Limited at Cornerstone Business Centre, Suite 1, Level 2, 16th September Square, Mosta, MST 1180, Malta.

Page 6