Silverfin false 31/01/2023 01/02/2022 31/01/2023 Mr D Cooper 28/08/2015 Mr C Mcconnell 10/10/2017 Mrs S Mcconnell 28/08/2015 23 October 2023 The principal activity of the Company during the financial year was educational and recreational activities. 09752969 2023-01-31 09752969 bus:Director1 2023-01-31 09752969 bus:Director2 2023-01-31 09752969 bus:Director3 2023-01-31 09752969 2022-01-31 09752969 core:CurrentFinancialInstruments 2023-01-31 09752969 core:CurrentFinancialInstruments 2022-01-31 09752969 core:Non-currentFinancialInstruments 2023-01-31 09752969 core:Non-currentFinancialInstruments 2022-01-31 09752969 core:ShareCapital 2023-01-31 09752969 core:ShareCapital 2022-01-31 09752969 core:CapitalRedemptionReserve 2023-01-31 09752969 core:CapitalRedemptionReserve 2022-01-31 09752969 core:RetainedEarningsAccumulatedLosses 2023-01-31 09752969 core:RetainedEarningsAccumulatedLosses 2022-01-31 09752969 core:Goodwill 2022-01-31 09752969 core:Goodwill 2023-01-31 09752969 core:LandBuildings 2022-01-31 09752969 core:Vehicles 2022-01-31 09752969 core:OtherPropertyPlantEquipment 2022-01-31 09752969 core:LandBuildings 2023-01-31 09752969 core:Vehicles 2023-01-31 09752969 core:OtherPropertyPlantEquipment 2023-01-31 09752969 core:MoreThanFiveYears 2023-01-31 09752969 core:MoreThanFiveYears 2022-01-31 09752969 bus:OrdinaryShareClass1 2023-01-31 09752969 bus:PreferenceShareClass1 2023-01-31 09752969 bus:PreferenceShareClass2 2023-01-31 09752969 2022-02-01 2023-01-31 09752969 bus:FullAccounts 2022-02-01 2023-01-31 09752969 bus:SmallEntities 2022-02-01 2023-01-31 09752969 bus:AuditExemptWithAccountantsReport 2022-02-01 2023-01-31 09752969 bus:PrivateLimitedCompanyLtd 2022-02-01 2023-01-31 09752969 bus:Director1 2022-02-01 2023-01-31 09752969 bus:Director2 2022-02-01 2023-01-31 09752969 bus:Director3 2022-02-01 2023-01-31 09752969 core:Goodwill core:TopRangeValue 2022-02-01 2023-01-31 09752969 core:LandBuildings core:TopRangeValue 2022-02-01 2023-01-31 09752969 core:Vehicles 2022-02-01 2023-01-31 09752969 core:OtherPropertyPlantEquipment 2022-02-01 2023-01-31 09752969 2021-02-01 2022-01-31 09752969 core:Goodwill 2022-02-01 2023-01-31 09752969 core:LandBuildings 2022-02-01 2023-01-31 09752969 core:Non-currentFinancialInstruments 2022-02-01 2023-01-31 09752969 core:MoreThanFiveYears 2022-02-01 2023-01-31 09752969 bus:OrdinaryShareClass1 2022-02-01 2023-01-31 09752969 bus:OrdinaryShareClass1 2021-02-01 2022-01-31 09752969 bus:PreferenceShareClass1 2022-02-01 2023-01-31 09752969 bus:PreferenceShareClass1 2021-02-01 2022-01-31 09752969 bus:PreferenceShareClass2 2022-02-01 2023-01-31 09752969 bus:PreferenceShareClass2 2021-02-01 2022-01-31 iso4217:GBP xbrli:pure xbrli:shares

Company No: 09752969 (England and Wales)

HOOKE COURT LIMITED

Unaudited Financial Statements
For the financial year ended 31 January 2023
Pages for filing with the registrar

HOOKE COURT LIMITED

Unaudited Financial Statements

For the financial year ended 31 January 2023

Contents

HOOKE COURT LIMITED

COMPANY INFORMATION

For the financial year ended 31 January 2023
HOOKE COURT LIMITED

COMPANY INFORMATION (continued)

For the financial year ended 31 January 2023
DIRECTORS Mr D Cooper
Mr C Mcconnell
Mrs S Mcconnell
REGISTERED OFFICE Hooke Court
Hooke
Beaminster
DT8 3NX
United Kingdom
COMPANY NUMBER 09752969 (England and Wales)
CHARTERED ACCOUNTANTS Francis Clark LLP
Centenary House
Peninsula Park
Rydon Lane
Exeter
Devon EX2 7XE
HOOKE COURT LIMITED

BALANCE SHEET

As at 31 January 2023
HOOKE COURT LIMITED

BALANCE SHEET (continued)

As at 31 January 2023
Note 2023 2022
£ £
Fixed assets
Intangible assets 3 109,200 144,616
Tangible assets 4 3,337,285 3,362,173
3,446,485 3,506,789
Current assets
Stocks 8,739 2,108
Debtors 5 141,538 123,879
Cash at bank and in hand 352,892 261,258
503,169 387,245
Creditors: amounts falling due within one year 6 ( 829,261) ( 770,987)
Net current liabilities (326,092) (383,742)
Total assets less current liabilities 3,120,393 3,123,047
Creditors: amounts falling due after more than one year 7 ( 2,506,507) ( 2,648,681)
Provision for liabilities ( 113,900) ( 104,200)
Net assets 499,986 370,166
Capital and reserves
Called-up share capital 8 61,644 61,644
Capital redemption reserve 72,000 47,400
Profit and loss account 366,342 261,122
Total shareholders' funds 499,986 370,166

For the financial year ending 31 January 2023 the Company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

The financial statements of Hooke Court Limited (registered number: 09752969) were approved and authorised for issue by the Board of Directors on 23 October 2023. They were signed on its behalf by:

Mr D Cooper
Director
HOOKE COURT LIMITED

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 31 January 2023
HOOKE COURT LIMITED

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 31 January 2023
1. Accounting policies

The principal accounting policies are summarised below. They have all been applied consistently throughout the financial year and to the preceding financial year, unless otherwise stated.

General information and basis of accounting

Hooke Court Limited (the Company) is a private company, limited by shares, incorporated in the United Kingdom under the Companies Act 2006 and is registered in England and Wales. The address of the Company's registered office is Hooke Court, Hooke, Beaminster, DT8 3NX, United Kingdom.

The financial statements have been prepared under the historical cost convention, modified to include the revaluation of freehold properties and to include investment properties and certain items at fair value, and in accordance with Section 1A of Financial Reporting Standard 102 (FRS 102) ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland’ issued by the Financial Reporting Council and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.

The financial statements are presented in pounds sterling which is the functional currency of the Company and rounded to the nearest £.

Turnover

Turnover comprises the fair value of the consideration received or receivable for the services in the ordinary course of the company's activities. Turnover is shown net of value added tax.

Taxation

Current tax
Current tax is provided at amounts expected to be paid (or recoverable) using the tax rates and laws that have been enacted or substantively enacted at the Balance Sheet date.

Deferred tax
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the Company's financial statements. Deferred tax is provided in full on timing differences which result in an obligation to pay more or less tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on tax rates and laws substantively enacted at the balance sheet date. Deferred tax assets and liabilities are not discounted.

Intangible assets

Intangible assets are stated at cost or valuation, net of amortisation and any provision for impairment. Amortisation is provided on all intangible assets at rates to write off the cost or valuation of each asset over its expected useful life as follows:

Goodwill 10 years straight line
Tangible fixed assets

Tangible fixed assets are stated at cost or valuation, net of depreciation and any provision for impairment. Depreciation is provided on all tangible fixed assets, other than investment property and freehold land, at rates calculated to write off the cost or valuation, less estimated residual value, of each asset on a [straight-line, reducing balance] basis over its expected useful life, as follows:

Land and buildings 50 years straight line
Vehicles 25 % reducing balance
Other property, plant and equipment 10 % reducing balance

Residual value represents the estimated amount which would currently be obtained from disposal of an asset, after deducting estimated costs of disposal, if the asset were already of the age and in the condition expected at the end of its useful life.

Impairment of assets

Assets, other than those measured at fair value, are assessed for indicators of impairment at each Balance Sheet date. If there is objective evidence of impairment, an impairment loss is recognised in the Profit and Loss Account as described below.

Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to sell, which is equivalent to the net realisable value.

Financial instruments

Financial assets and financial liabilities are recognised when the Company becomes a party to the contractual provisions of the instrument.

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the Company after deducting all of its liabilities.

Financial assets and liabilities are only offset in the Balance Sheet when, and only when there exists a legally enforceable right to set off the recognised amounts and the Company intends either to settle on a net basis, or to realise the asset and settle the liability simultaneously.

Basic financial assets
Basic financial assets receivable within one year, such as trade debtors and bank balances, are measured at transaction price less any impairment.

Basic financial assets receivable within more than one year are measured at amortised cost less any impairment.

Financial assets are derecognised when and only when the contractual rights to the cash flows from the financial asset expire or are settled, or the Company transfers to another party substantially all of the risks and rewards of ownership of the financial asset, or the Company, despite having retained some, but not all, significant risks and rewards of ownership, has transferred control of the asset to another party.

Basic financial liabilities
Basic financial liabilities that have no stated interest rate and are payable within one year, such as trade creditors, are measured at transaction price.

Other basic financial liabilities are measured at amortised cost.

Financial liabilities are derecognised when the company’s contractual obligations expire or are discharged or cancelled.

Government grants

Government grants are recognised based on the accrual model and are measured at the fair value of the asset received or receivable. Grants are classified as relating either to revenue or to assets. Grants relating to revenue are recognised in income over the period in which the related costs are recognised. Grants relating to assets are recognised over the expected useful life of the asset. Where part of a grant relating to an asset is deferred, it is recognised as deferred income.

A total of £4,857 (2022: £68,545) has been recognised in the accounts, comprising £4,857 (2022: £43,656) from the Coronavirus Job Retention Scheme and £Nil (2022: £24,889) from the local council.

Defined contribution pension obligation

A defined contribution plan is a pension plan under which fixed contributions are paid into a pension fund and the company has no legal or constructive obligation to pay further contributions even if the fund does not hold sufficient assets to pay all employees the benefits relating to employee service in the current and prior periods.

Contributions to defined contribution plans are recognised as employee benefit expense when they are due. If contribution payments exceed the contribution due for service, the excess is recognised as a prepayment.

2. Employees

2023 2022
Number Number
Monthly average number of persons employed by the Company during the year, including directors 37 29

3. Intangible assets

Goodwill Total
£ £
Cost
At 01 February 2022 354,167 354,167
At 31 January 2023 354,167 354,167
Accumulated amortisation
At 01 February 2022 209,551 209,551
Charge for the financial year 35,416 35,416
At 31 January 2023 244,967 244,967
Net book value
At 31 January 2023 109,200 109,200
At 31 January 2022 144,616 144,616

4. Tangible assets

Land and buildings Vehicles Other property, plant
and equipment
Total
£ £ £ £
Cost
At 01 February 2022 3,427,638 88,309 447,552 3,963,499
Additions 1,532 857 92,013 94,402
Disposals 0 0 ( 6,499) ( 6,499)
At 31 January 2023 3,429,170 89,166 533,066 4,051,402
Accumulated depreciation
At 01 February 2022 367,496 35,662 198,168 601,326
Charge for the financial year 68,592 13,377 33,795 115,764
Disposals 0 0 ( 2,973) ( 2,973)
At 31 January 2023 436,088 49,039 228,990 714,117
Net book value
At 31 January 2023 2,993,082 40,127 304,076 3,337,285
At 31 January 2022 3,060,142 52,647 249,384 3,362,173

5. Debtors

2023 2022
£ £
Trade debtors 121,198 102,753
Other debtors 20,340 21,126
141,538 123,879

6. Creditors: amounts falling due within one year

2023 2022
£ £
Bank loans 141,129 157,843
Trade creditors 52,520 23,374
Corporation tax 59,200 13,200
Other taxation and social security 20,068 24,031
Obligations under finance leases and hire purchase contracts 49,255 55,788
Other creditors 507,089 496,751
829,261 770,987

7. Creditors: amounts falling due after more than one year

2023 2022
£ £
Bank loans 1,522,233 1,639,807
Other creditors 984,274 1,008,874
2,506,507 2,648,681

The bank borrowings are secured over the freehold property of the company and by a general pledge over documents and assets of the company.

Amounts repayable after more than 5 years are included in creditors falling due over one year:

2023 2022
£ £
Bank loans 1,044,201 1,123,954

The bank loans are secured and repayable by instalments.

8. Called-up share capital

2023 2022
£ £
Allotted, called-up and fully-paid
26,376 Ordinary shares of £ 1.00 each 26,376 26,376
984,274 3% Redeemable Preference shares of £ 1.00 each (2022: 1,008,874 shares of £ 1.00 each) 984,274 1,008,874
35,268 3% Non-redeemable Preference shares of £ 1.00 each 35,268 35,268
1,019,542 1,044,142
1,045,918 1,070,518

Rights, preferences and restrictions

Ordinary Shares:
The Ordinary Shares confer upon their holdings full voting, dividend and capital distribution (including on winding up) rights, subject only to the preference dividend due in respect of the redeemable and non-redeemable Preferences Shares.

Non-Redeemable Preference Shares:
The non-redeemable preference shares confer upon their holders voting rights in respect of any resolutions relating to the properties owned by the company (but not otherwise) and a preferential dividend of 3% per annum. The non-redeemable preference shares participate pari passu with each other class of share in any capital distributions (including on winding up).

Redeemable Preference Shares:
The redeemable preference shares confer upon their holders voting rights in respect of any resolutions relating to the properties owned by the company (but not otherwise) and a preferential dividend of 3% per annum. The redeemable preference shares participate pari passu with each other class of share in any capital distributions (including on winding up). The redeemable preference shares are redeemable at the option of the shareholder.

9. Financial commitments, guarantees and contingencies

The total amount of financial commitments not included in the balance sheet is £28,659.