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Registration number: 10348554

Hook Holdings Limited

Annual Report and Unaudited Financial Statements

for the Period from 1 January 2022 to 31 March 2023

 

Hook Holdings Limited

Contents

Company Information

1

Balance Sheet

2

Notes to the Unaudited Financial Statements

3 to 6

 

Hook Holdings Limited

Company Information

Registered office

Homecroft Collingbourne Road
Burbage
Marlborough
Wiltshire
SN8 3RT

Accountants

E J Business Consultants Limited
No 2 Toomers Wharf
Canal Walk
Newbury
RG14 1DY

 

Hook Holdings Limited

(Registration number: 10348554)
Balance Sheet as at 31 March 2023

Note

2023
£

2021
£

Fixed assets

 

Investments

3

109

100

Current assets

 

Debtors

1,949,131

934,508

Cash at bank and in hand

 

21,640

28,296

 

1,970,771

962,804

Creditors: Amounts falling due within one year

(2,323)

(940,988)

Net current assets

 

1,968,448

21,816

Total assets less current liabilities

 

1,968,557

21,916

Creditors: Amounts falling due after more than one year

(2,053,403)

-

Net (liabilities)/assets

 

(84,846)

21,916

Capital and reserves

 

Called up share capital

4

50

50

Retained earnings

(84,896)

21,866

Shareholders' (deficit)/funds

 

(84,846)

21,916

For the financial period ending 31 March 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

The members have not required the company to obtain an audit of its accounts for the period in question in accordance with section 476; and

The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

Approved and authorised by the director on 8 November 2023
 

.........................................
Mr Jonathan Evans
Director

 

Hook Holdings Limited

Notes to the Unaudited Financial Statements for the Period from 1 January 2022 to 31 March 2023

1

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Business combinations

Business combinations are accounted for using the purchase method. The consideration for each acquisition is measured at the aggregate of the fair values at acquisition date of assets given, liabilities incurred or assumed, and equity instruments issued by the group in exchange for control of the acquired, plus any costs directly attributable to the business combination. When a business combination agreement provides for an adjustment to the cost of the combination contingent on future events, the group includes the estimated amount of that adjustment in the cost of the combination at the acquisition date if the adjustment is probable and can be measured reliably.

Investments

Investments in equity shares which are publicly traded or where the fair value can be measured reliably are initially measured at fair value, with changes in fair value recognised in profit or loss. Investments in equity shares which are not publicly traded and where fair value cannot be measured reliably are measured at cost less impairment.


Interest income on debt securities, where applicable, is recognised in income using the effective interest method. Dividends on equity securities are recognised in income when receivable.

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Trade debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.

Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

 

Hook Holdings Limited

Notes to the Unaudited Financial Statements for the Period from 1 January 2022 to 31 March 2023

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

Borrowings

Interest-bearing borrowings are initially recorded at fair value, net of transaction costs. Interest-bearing borrowings are subsequently carried at amortised cost, with the difference between the proceeds, net of transaction costs, and the amount due on redemption being recognised as a charge to the profit and loss account over the period of the relevant borrowing.

Interest expense is recognised on the basis of the effective interest method and is included in interest payable and similar charges.

Borrowings are classified as current liabilities unless the company has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

2

Staff numbers

The average number of persons employed by the company (including the director) during the period, was 1 (2021 - 1).

3

Investments

2023
£

2021
£

Investments in subsidiaries

109

100

 

Hook Holdings Limited

Notes to the Unaudited Financial Statements for the Period from 1 January 2022 to 31 March 2023

Subsidiaries

£

Cost or valuation

At 1 January 2022

100

Additions

9

At 31 March 2023

109

Provision

Carrying amount

At 31 March 2023

109

At 31 December 2021

100

Details of undertakings

Details of the investments (including principal place of business of unincorporated entities) in which the company holds 20% or more of the nominal value of any class of share capital are as follows:

Undertaking

Registered office

Holding

Proportion of voting rights and shares held

     

2023

2021

Subsidiary undertakings

Sustain Brokers Limited

Homecroft Collingbourne Road, Burbage, Marlborough, England, SN8 3RT

United Kingdom

Ordinary shares

90%

0%

Hook Estates Limited

Homecroft Collingbourne Road, Burbage, Marlborough, Wiltshire, United Kingdom, SN8 3RT

United Kingdom

Ordinary shares

100%

100%

Subsidiary undertakings

Sustain Brokers Limited

The principal activity of Sustain Brokers Limited is Insurance agents and brokers.

Hook Estates Limited

The principal activity of Hook Estates Limited is Property holding company.

4

Share capital

Allotted, called up and fully paid shares

 

Hook Holdings Limited

Notes to the Unaudited Financial Statements for the Period from 1 January 2022 to 31 March 2023

 

2023

2021

 

No.

£

No.

£

Ordinary share capital of £1 each

50

50

50

50