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REGISTERED NUMBER: 11680348 (England and Wales)










Unaudited Financial Statements

for the Period 1 January 2023 to 31 May 2023

for

Hookfield Law Ltd

Hookfield Law Ltd (Registered number: 11680348)






Contents of the Financial Statements
for the Period 1 January 2023 to 31 May 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Hookfield Law Ltd

Company Information
for the Period 1 January 2023 to 31 May 2023







DIRECTOR: G E A Carpenter





REGISTERED OFFICE: 14 Hookfield
Epsom
Surrey
KT19 8JG





REGISTERED NUMBER: 11680348 (England and Wales)





ACCOUNTANTS: Ledger Sparks Limited
Airport House
Suite 43-45
Purley Way
Croydon
CR0 0XZ

Hookfield Law Ltd (Registered number: 11680348)

Balance Sheet
31 May 2023

2023 2022
Notes £    £   
FIXED ASSETS
Tangible assets 4 - 2,254

CURRENT ASSETS
Debtors 5 100 4,499
Cash at bank - 8,784
100 13,283
CREDITORS
Amounts falling due within one year 6 - (14,933 )
NET CURRENT ASSETS/(LIABILITIES) 100 (1,650 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

100

604

PROVISIONS FOR LIABILITIES 7 - (428 )
NET ASSETS 100 176

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 8 - 76
100 176

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the period ended 31 May 2023.

The members have not required the company to obtain an audit of its financial statements for the period ended 31 May 2023 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges her 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.

Hookfield Law Ltd (Registered number: 11680348)

Balance Sheet - continued
31 May 2023


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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the director and authorised for issue on 11 September 2023 and were signed by:





G E A Carpenter - Director


Hookfield Law Ltd (Registered number: 11680348)

Notes to the Financial Statements
for the Period 1 January 2023 to 31 May 2023

1. STATUTORY INFORMATION

Hookfield Law 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.

The presentation currency of the financial statements is the Pound Sterling (£).


The principal activity of the company continued to be that of the provision of legal services.

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.

TURNOVER
Turnover is state net of VAT and is recognised when significant risk and rewards are considered to have been transferred to the buyer. Turnover from the supply of services represent the value of services provided under contract to the extent that there is a right to consideration and is recorded at the fair value of the consideration received or receivable. If the contact has been partially completed at the balance sheet date turnover represents the fair value of services provided to date based on stage of completion of the contact service at the balance sheet date. Any amounts received in advance are from customers are recorded deferred income and included within creditors due within one year.

TANGIBLE FIXED ASSETS
Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses.

Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:

Fixtures and fittings 25% on reducing balance

The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to profit or loss.

FINANCIAL INSTRUMENTS
The company only enters into basic financial transactions that result in recognition of financial assets and liabilities such as trade and other debtors and creditors, loans from bank and other third parties, loans to related parties and investments in non-puttable ordinary shares.

TAXATION
The tax expense represents the sum of the tax currently payable and deferred tax.

CURRENT TAX
The tax currently payable is based on taxable profit for the year. Taxable profit differs from net profit as reported in the profit and loss account because it excludes items of income or expense that are taxable or deductible in other years and it further excludes items that are never taxable or deductible. The company’s liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the reporting end date.

DEFERRED TAX
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Hookfield Law Ltd (Registered number: 11680348)

Notes to the Financial Statements - continued
for the Period 1 January 2023 to 31 May 2023

2. ACCOUNTING POLICIES - continued

PENSION
DEFINE CONTRIBUTION PENSION PLAN

The company operates a defined contribution pension plan for its employees. A defined contribution plan is a pension plan under which the company pays fixed contribution into separate entity. Once the contributions have been paid the Company has no further payment obligations.

The contributions are recognised as an expense in the statement of income and retained earnings when they fall due. Amounts not paid are shown in accruals as a liability in the Balance sheet. The assets of the plan are held separately from the Company in independently administered funds.

PROVISION FOR LIABILITIES
Provisions are made where an event has taken place that gives the Company a legal or constructive obligation that probably requires settlement by a transfer of economic benefit and a reliable estimate can be made of the amount of the obligation.

Provisions are charged as an expense to the statement of income and retained earnings in the year that the company becomes aware of the obligation and are measured at the best estimate at the Balance sheet date of the expenditure required to settle the obligation, taking into account relevant risks and uncertainties.

When payments are eventually made, they are charged to the provision carried in Balance sheet.

REPORTING PERIOD
The entity has shorten the year end by 7 months to 31 May 2023 as entity has ceased its trading activity further and therefore the comparative amounts presented in the financial statements are not entirely comparable.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the period was 1 (2022 - 1 ) .

4. TANGIBLE FIXED ASSETS
Fixtures
and
fittings
£   
COST
At 1 January 2023 3,117
Additions 451
Disposals (3,568 )
At 31 May 2023 -
DEPRECIATION
At 1 January 2023 863
Charge for period 582
Eliminated on disposal (1,445 )
At 31 May 2023 -
NET BOOK VALUE
At 31 May 2023 -
At 31 December 2022 2,254

Hookfield Law Ltd (Registered number: 11680348)

Notes to the Financial Statements - continued
for the Period 1 January 2023 to 31 May 2023

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors - 4,499
Other debtors 100 -
100 4,499

The directors consider the carrying value of trade and other receivables approximate to their fair values.

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Taxation and social security - 4,324
Other creditors - 10,609
- 14,933

The directors consider the carrying amounts of current liabilities approximate to their fair values.

7. PROVISIONS FOR LIABILITIES
2023 2022
£    £   
Deferred tax - 428

Deferred
tax
£   
Balance at 1 January 2023 428
Provided during period (428 )
Balance at 31 May 2023 -

8. RESERVES

PROFIT AND LOSS RESERVES

The Profit and loss account comprises all current and prior period retained profit and losses after deducting any distributions made to the company's shareholders. This is a distributable reserve.

9. PENSION COMMITMENTS

The Company makes gross contributions to the directors personal defined contribution pension scheme that are charged to the profit and loss account in the period when they are paid. During the year the company made £3,790 (2022 - £8,033) contributions to the directors personal defined contribution pension scheme.

10. RELATED PARTY DISCLOSURES

At the balance sheet date included in other debtors were amounts due from the director of £100 (2022 - £7,934 in other creditors).