Silverfin false 31/03/2023 01/04/2022 31/03/2023 Ruth Maria Demenis 23 November 2023 The principal activity of the Company during the financial year was property investment and management. 01001125 2023-03-31 01001125 2022-03-31 01001125 core:CurrentFinancialInstruments 2023-03-31 01001125 core:CurrentFinancialInstruments 2022-03-31 01001125 core:Non-currentFinancialInstruments 2023-03-31 01001125 core:Non-currentFinancialInstruments 2022-03-31 01001125 core:ShareCapital 2023-03-31 01001125 core:ShareCapital 2022-03-31 01001125 core:OtherCapitalReserve 2023-03-31 01001125 core:OtherCapitalReserve 2022-03-31 01001125 core:RetainedEarningsAccumulatedLosses 2023-03-31 01001125 core:RetainedEarningsAccumulatedLosses 2022-03-31 01001125 core:CostValuation 2022-03-31 01001125 core:CostValuation 2023-03-31 01001125 core:ProvisionsForImpairmentInvestments 2022-03-31 01001125 core:ProvisionsForImpairmentInvestments 2023-03-31 01001125 bus:OrdinaryShareClass1 2023-03-31 01001125 2022-04-01 2023-03-31 01001125 bus:FullAccounts 2022-04-01 2023-03-31 01001125 bus:SmallEntities 2022-04-01 2023-03-31 01001125 bus:AuditExemptWithAccountantsReport 2022-04-01 2023-03-31 01001125 bus:PrivateLimitedCompanyLtd 2022-04-01 2023-03-31 01001125 bus:Director1 2022-04-01 2023-03-31 01001125 2021-04-01 2022-03-31 01001125 bus:OrdinaryShareClass1 2022-04-01 2023-03-31 01001125 bus:OrdinaryShareClass1 2021-04-01 2022-03-31 iso4217:GBP xbrli:pure xbrli:shares

Company No: 01001125 (England and Wales)

HAWKRIDGE SECURITIES LIMITED

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

HAWKRIDGE SECURITIES LIMITED

Unaudited Financial Statements

For the financial year ended 31 March 2023

Contents

HAWKRIDGE SECURITIES LIMITED

STATEMENT OF FINANCIAL POSITION

As at 31 March 2023
HAWKRIDGE SECURITIES LIMITED

STATEMENT OF FINANCIAL POSITION (continued)

As at 31 March 2023
Note 2023 2022
£ £
Fixed assets
Investment property 3 464,000 464,000
Investments 4 1 1
464,001 464,001
Current assets
Debtors
- due within one year 5 13,171 12,499
- due after more than one year 5 1,159,305 1,088,086
Cash at bank and in hand 23,473 23,965
1,195,949 1,124,550
Creditors: amounts falling due within one year 6 ( 28,099) ( 27,780)
Net current assets 1,167,850 1,096,770
Total assets less current liabilities 1,631,851 1,560,771
Net assets 1,631,851 1,560,771
Capital and reserves
Called-up share capital 7 10,000 10,000
Other reserves 71,247 71,247
Profit and loss account 1,550,604 1,479,524
Total shareholder's funds 1,631,851 1,560,771

For the financial year 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 financial statements of Hawkridge Securities Limited (registered number: 01001125) were approved and authorised for issue by the Director on 23 November 2023. They were signed on its behalf by:

Ruth Maria Demenis
Director
HAWKRIDGE SECURITIES LIMITED

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 31 March 2023
HAWKRIDGE SECURITIES LIMITED

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 31 March 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

Hawkridge Securities 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 The Holt, Lower Aisholt, Bridgewater, TA5 1AS, 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 £.

Going concern

The director has assessed the Statement of Financial Position and likely future cash flows at the date of approving these financial statements. The director has a reasonable expectation that the Company has adequate resources to continue in operational existence and to meet its financial obligations as they fall due for at least 12 months from the date of signing these financial statements. Accordingly, they continue to adopt the going concern basis in preparing the financial statements.

Turnover

Turnover is recognised at the fair value of the consideration received or receivable for goods and services provided in the normal course of business, and is shown net of VAT and other sales related taxes. The fair value of consideration takes into account trade discounts, settlement discounts and volume rebates.

Turnover is recognised when the significant risks and rewards are considered to have been transferred to the customer.

Interest income

Interest income is recognised when it is probable that the economic benefits will flow to the Company and the amount of revenue can be measured reliably. Interest income is accrued on a time basis, by reference to the principal outstanding at the effective interest rate applicable, which is the rate that exactly discounts estimated future cash receipts through the expected life of the financial asset to that asset's net carrying amount on initial recognition.

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 Statement of Financial Position date.

Impairment of assets

Assets, other than those measured at fair value, are assessed for indicators of impairment at each Statement of Financial Position date. If there is objective evidence of impairment, an impairment loss is recognised in the Statement of Income and Retained Earnings as described below.

Investment property

Investment property is initially recognised at cost, which includes the purchase cost and any directly attributable expenditure. Subsequently it is measured at fair value at each reporting date with changes in fair value recognised in profit or loss. Deferred taxation is provided on these gains at the rate expected to apply when the property is sold.

The fair value is determined annually by the director, on an open market value for existing use basis.

Trade and other debtors

Trade and other debtors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest method less impairment losses for bad and doubtful debts, except where the effect of discounting would be immaterial. In such cases the receivables are stated at cost less impairment losses for bad and doubtful debts.

Cash and cash equivalents

Cash and cash equivalents are basic financial assets and include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in creditors: amounts falling due within one year.

Trade and other creditors

Trade and other creditors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest rate method, unless the effect of discounting would be immaterial, in which case they are stated at cost.

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.

Investments
Investments in non-convertible preference shares and non-puttable ordinary or preference shares (where shares are publicly traded or their fair value is reliably measurable) are measured at fair value through the Statement of Income and Retained Earnings. Where fair value cannot be measured reliably, investments are measured at cost less impairment.

Ordinary share capital

The ordinary share capital of the Company is presented as equity.

2. Employees

2023 2022
Number Number
Monthly average number of persons employed by the Company during the year, including the director 1 1

3. Investment property

Investment property
£
Valuation
As at 01 April 2022 464,000
As at 31 March 2023 464,000

Historic cost

If the investment properties had been accounted for cost accounting rules, the properties would have been measured as follows:

2023 2022
£ £
Historic cost 386,460 386,460

The 2023 valuations were made by the directors on an open market value for existing use basis.

4. Fixed asset investments

Other investments Total
£ £
Carrying value before impairment
At 01 April 2022 1 1
At 31 March 2023 1 1
Provisions for impairment
At 01 April 2022 0 0
At 31 March 2023 0 0
Carrying value at 31 March 2023 1 1
Carrying value at 31 March 2022 1 1

5. Debtors

2023 2022
£ £
Debtors: amounts falling due within one year
Other debtors 13,171 12,499
Debtors: amounts falling due after more than one year
Other debtors 1,159,305 1,088,086

6. Creditors: amounts falling due within one year

2023 2022
£ £
Accruals 2,301 2,593
Corporation tax 16,673 16,062
Other creditors 9,125 9,125
28,099 27,780

7. Called-up share capital

2023 2022
£ £
Allotted, called-up and fully-paid
10,000 Ordinary shares of £ 1.00 each 10,000 10,000