Hook Estates Ltd 09341906 false 2022-01-01 2023-03-31 2023-03-31 The principal activity of the company is that of a property holding company. Digita Accounts Production Advanced 6.30.9574.0 true 09341906 2022-01-01 2023-03-31 09341906 2023-03-31 09341906 bus:OrdinaryShareClass1 2023-03-31 09341906 bus:Revised 2023-03-31 09341906 core:CurrentFinancialInstruments 2023-03-31 09341906 core:CurrentFinancialInstruments core:WithinOneYear 2023-03-31 09341906 core:Non-currentFinancialInstruments core:AfterOneYear 2023-03-31 09341906 core:FurnitureFittingsToolsEquipment 2023-03-31 09341906 bus:SmallEntities 2022-01-01 2023-03-31 09341906 bus:AuditExemptWithAccountantsReport 2022-01-01 2023-03-31 09341906 bus:FullAccounts 2022-01-01 2023-03-31 09341906 bus:SmallCompaniesRegimeForAccounts 2022-01-01 2023-03-31 09341906 bus:RegisteredOffice 2022-01-01 2023-03-31 09341906 bus:HighestPaidDirector 2022-01-01 2023-03-31 09341906 bus:OrdinaryShareClass1 2022-01-01 2023-03-31 09341906 bus:PrivateLimitedCompanyLtd 2022-01-01 2023-03-31 09341906 core:ComputerEquipment 2022-01-01 2023-03-31 09341906 core:FurnitureFittingsToolsEquipment 2022-01-01 2023-03-31 09341906 countries:AllCountries 2022-01-01 2023-03-31 09341906 2021-12-31 09341906 core:FurnitureFittingsToolsEquipment 2021-12-31 09341906 2021-01-01 2021-12-31 09341906 2021-12-31 09341906 bus:OrdinaryShareClass1 2021-12-31 09341906 core:CurrentFinancialInstruments 2021-12-31 09341906 core:CurrentFinancialInstruments core:WithinOneYear 2021-12-31 09341906 core:Non-currentFinancialInstruments core:AfterOneYear 2021-12-31 09341906 core:FurnitureFittingsToolsEquipment 2021-12-31 iso4217:GBP xbrli:pure xbrli:shares

Registration number: 09341906

Hook Estates Ltd

Annual Report and Unaudited Financial Statements

for the Period from 1 January 2022 to 31 March 2023

 

Hook Estates Ltd

Contents

Company Information

1

Balance Sheet

2

Notes to the Unaudited Financial Statements

3 to 5

 

Hook Estates Ltd

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 Estates Ltd

(Registration number: 09341906)
Balance Sheet as at 31 March 2023

Note

2023
£

2021
£

Fixed assets

 

Tangible assets

3

97,784

145,333

Investment property

4

1,500,000

1,500,000

 

1,597,784

1,645,333

Current assets

 

Debtors

3,235

4,619

Cash at bank and in hand

 

37,280

34,359

 

40,515

38,978

Creditors: Amounts falling due within one year

(24,435)

(100,655)

Net current assets/(liabilities)

 

16,080

(61,677)

Total assets less current liabilities

 

1,613,864

1,583,656

Creditors: Amounts falling due after more than one year

(1,697,568)

(1,692,568)

Net liabilities

 

(83,704)

(108,912)

Capital and reserves

 

Called up share capital

5

100

100

Other reserves

1,558,569

1,558,569

Retained earnings

(1,642,373)

(1,667,581)

Shareholders' deficit

 

(83,704)

(108,912)

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 Estates Ltd

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.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class

Depreciation method and rate

Fixtures, fittings & equipment

10%, 20% & 33% straight line

Computer equipment

33% straight line

Investment property

Investment property is carried at fair value, derived from the current market prices for comparable real estate determined annually by external valuers. The valuers use observable market prices, adjusted if necessary for any difference in the nature, location or condition of the specific asset. Changes in fair value are recognised in profit or loss.

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.

 

Hook Estates Ltd

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

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.

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).

 

Hook Estates Ltd

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

3

Tangible assets

Furniture, fittings and equipment
 £

Total
£

Cost or valuation

At 1 January 2022

395,652

395,652

At 31 March 2023

395,652

395,652

Depreciation

At 1 January 2022

250,319

250,319

Charge for the period

47,549

47,549

At 31 March 2023

297,868

297,868

Carrying amount

At 31 March 2023

97,784

97,784

At 31 December 2021

145,333

145,333

4

Investment properties

2023
£

At 1 January

1,500,000

At 31 March

1,500,000

Investment property comprises 10 Crimp Hill Road, Old Windsor SL4 2QY. The property was
re-valued to a value which the directors consider is equal to the fair value at 31.12.21.
There has been no valuation in the current year 31.3.23.

There has been no valuation of investment property by an independent valuer.

5

Share capital

Allotted, called up and fully paid shares

 

2023

2021

 

No.

£

No.

£

Ordinary share capital of £1 each

100

100

100

100