Hawks Developers Ltd - Accounts to registrar (filleted) - small 23.1

UNAUDITED FINANCIAL STATEMENTS

FOR THE PERIOD

1 DECEMBER 2021 TO 31 DECEMBER 2022

FOR

HAWKS DEVELOPERS LTD

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTORS:

K W Adams

W R Varney

REGISTERED OFFICE:

Nethergers

Church Lane

Robertsbridge

East Sussex

TN32 5PH

REGISTERED NUMBER:

13024353 (England and Wales)

ACCOUNTANTS:

Radmor Accountancy Services Limited

Nethergers

Church Lane

Robertsbridge

East Sussex

TN32 5PH

CURRENT ASSETS

Stocks

4

3,526,869

1,838,000

Debtors

5

10,994

26,407

Cash at bank

5,686

15,087

3,543,549

1,879,494

CREDITORS

Amounts falling due within one year

6

349,680

115,499

NET CURRENT ASSETS

3,193,869

1,763,995

TOTAL ASSETS LESS CURRENT LIABILITIES

3,193,869

1,763,995

CREDITORS

Amounts falling due after more than one year

7

3,530,000

1,865,000

NET LIABILITIES

(336,131

)

(101,005

)

CAPITAL AND RESERVES

Called up share capital

100

100

Retained earnings

(336,231

)

(101,105

)

(336,131

)

(101,005

)

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the period ended 31 December 2022.

The members have not required the company to obtain an audit of its financial statements for the period ended 31 December 2022 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 30 September 2023 and were signed on its behalf by:

K W Adams - Director

1.	STATUTORY INFORMATION

Hawks Developers 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.

Taxation

Taxation for the period 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 period 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 period was NIL (2021 - NIL).

4.

STOCKS

2022

2021

£

£

Land purchase

1,538,250

1,538,250

Work-in-progress

1,988,619

299,750

3,526,869

1,838,000

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2022

2021

£

£

VAT

10,894

26,307

Called up share capital not paid

100

100

10,994

26,407

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2022

2021

£

£

Trade creditors

54,806

29,593

Other creditors

12,280

-

CIS liability

5,702

10,092

Accrued expenses

276,892

75,814

349,680

115,499

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2022

2021

£

£

Financing loan

2,045,000

440,000

Deferred loan

1,125,000

1,125,000

Directors' current accounts

360,000

300,000

3,530,000

1,865,000