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REGISTERED NUMBER: 08601432 (England and Wales)





UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED

31ST JULY 2023

FOR

CP & LJ HAWKINS LTD

CP & LJ HAWKINS LTD (REGISTERED NUMBER: 08601432)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31ST JULY 2023










Page

Company information 1

Balance sheet 2

Notes to the financial statements 4


CP & LJ HAWKINS LTD

COMPANY INFORMATION
FOR THE YEAR ENDED 31ST JULY 2023







Directors: C P Hawkins
Mrs L J Hawkins





Registered office: Thingehill Court
Withington
Hereford
Herefordshire
HR1 3QG





Registered number: 08601432 (England and Wales)

CP & LJ HAWKINS LTD (REGISTERED NUMBER: 08601432)

BALANCE SHEET
31ST JULY 2023

31.7.23 31.7.22
Notes £ £ £ £
Fixed assets
Tangible assets 4 - 61
Investment property 5 2,954,983 2,954,983
2,954,983 2,955,044

Current assets
Debtors 6 17,501 20,347
Cash at bank 1,863,244 53,873
1,880,745 74,220
Creditors
Amounts falling due within one year 7 92,610 110,040
Net current assets/(liabilities) 1,788,135 (35,820 )
Total assets less current liabilities 4,743,118 2,919,224

Creditors
Amounts falling due after more than one
year

8

(2,906,237

)

(1,221,227

)

Provisions for liabilities 10 (218,000 ) (217,600 )
Net assets 1,618,881 1,480,397

CP & LJ HAWKINS LTD (REGISTERED NUMBER: 08601432)

BALANCE SHEET - continued
31ST JULY 2023

31.7.23 31.7.22
Notes £ £ £ £
Capital and reserves
Called up share capital 11 2 2
Undistrib'l reserves 636,362 636,362
Retained earnings 982,517 844,033
Shareholders' funds 1,618,881 1,480,397

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

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

The directors acknowledge their 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.

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 Income statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 12th April 2024 and were signed on its behalf by:





C P Hawkins - Director


CP & LJ HAWKINS LTD (REGISTERED NUMBER: 08601432)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31ST JULY 2023


1. Statutory information

CP & LJ Hawkins 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.

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 as modified by the revaluation of certain assets.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets
Tangible fixed assets are stated in the balance sheet at cost less depreciation.
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Office equipment - 10 - 33% SL on cost

Investment property
Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

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

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

CP & LJ HAWKINS LTD (REGISTERED NUMBER: 08601432)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31ST JULY 2023


2. Accounting policies - continued

Financial instruments
The company has elected to apply the provisions of Section 11 'Basic Financial Instruments' and 'Other Financial Instruments Issues' of FRS102 to all of its financial instruments.

Financial instruments are recognised in the company's statement of financial position when the company becomes party to the contractual provisions of the instrument.

Financial assets and liabilities are offset and the net amounts presented in the financial statements when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

Basic financial assets
Basic financial assets, which include trade and other receivables and cash and bank balances, are measured at transaction price less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

Other financial assets
Other financial assets, including investments in equity instruments which are not subsidiaries, associates or joint ventures, are initially measured at fair value, which is normally the transaction price. Such assets are subsequently carried at fair value and the changes in fair value are recognised in profit or loss, except that investments in equity instruments that are not publicly traded and whose fair values cannot be measured reliably are measured at the cost less impairment.

Impairment of financial assets
Financial assets, other than those held at fair value through profit and loss, are assessed for indicators of impairment at each reporting date.

Financial assets are impaired where there is objective evidence that, as a result of one or more events that occurred after initial recognition of the financial asset, the estimated future cash flows have been affected. If an asset is impaired, the impairment loss is the difference between the carrying amount and the present value of the estimated cash flows discounted at the assets original effective interest rate. The impairment loss is recognised in profit or loss.

If there is a decrease in the impairment loss arising from an event occurring after the impairment was recognised, the impairment is reversed. The reversal is such that the current carrying amount does not exceed what the carrying amount would have been, had the impairment not previously been recognised. The impairment reversal is recognised in profit or loss.

Derecognition of financial assets
Financial assets are derecognised only when the contractual rights to the cash flows from the asset expire or are settled, or when the group transfers the financial asset and substantially all of the risks and rewards of the ownership to another entity, or if some significant risks and rewards of ownership are retained but control of the asset has transferred to another party that is able to sell the asset in its entirety to an unrelated third party.




CP & LJ HAWKINS LTD (REGISTERED NUMBER: 08601432)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31ST JULY 2023


2. Accounting policies - continued
Classification of financial liabilities
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 group after deducing all of its liabilities.
Basic financial liabilities, including trade and other payables are measured at the transaction price. Other financial liabilities, including bank loans, loans from fellow group companies and preference shares that are classified as debt, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

Other financial liabilities
Derivatives, including interest rate swaps and forward foreign exchange contracts, are not basic financial instruments. Derivatives are initially recognised at fair value on the date a derivative contract is entered into and are subsequently re-measured at their fair value. Changes in the fair value of derivatives are recognised in profit or loss in finance costs or finance income as appropriate, unless hedge accounting is applied and the hedge is a cash flow hedge.

Derecognition of financial liabilities
Financial liabilities are derecognised when the group's contractual obligations expire or are discharged or cancelled.

3. Employees (including officers)

The average number of employees during the year was 2 (2022 - 2 ) .

4. Tangible fixed assets
Office
equipment
£
Cost
At 1st August 2022
and 31st July 2023 399
Depreciation
At 1st August 2022 338
Charge for year 61
At 31st July 2023 399
Net book value
At 31st July 2023 -
At 31st July 2022 61

CP & LJ HAWKINS LTD (REGISTERED NUMBER: 08601432)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31ST JULY 2023


5. Investment property
Total
£
Fair value
At 1st August 2022
and 31st July 2023 2,954,983
Net book value
At 31st July 2023 2,954,983
At 31st July 2022 2,954,983

Fair value at 31st July 2023 is represented by:
£
Valuation in 2022 612,500
Cost 2,342,483
2,954,983

The directors used a valuation website to revalue the investment properties as at 31.07.2022, which they consider to not be materially different to their market values, at the year end.

6. Debtors: amounts falling due within one year
31.7.23 31.7.22
£ £
Trade debtors 15,149 19,400
Other debtors 2,131 587
Owed from related parties 221 360
17,501 20,347

7. Creditors: amounts falling due within one year
31.7.23 31.7.22
£ £
Bank loans & overdrafts 37,230 36,167
Trade creditors 20 -
Corporation tax 35,300 37,400
VAT 5,109 14,334
Owed to related parties 1,250 -
Accruals & deferred income 13,701 22,139
92,610 110,040

CP & LJ HAWKINS LTD (REGISTERED NUMBER: 08601432)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31ST JULY 2023


8. Creditors: amounts falling due after more than one year
31.7.23 31.7.22
£ £
Bank loans two to five years 161,031 156,262
Bank loans more than five years 80,879 122,879
Directors' loan accounts 2,664,327 942,086
2,906,237 1,221,227

Amounts falling due in more than five years:

Repayable by instalments
Bank loans more than five years 80,879 122,879

9. Secured debts

The bank loan is secured via a fixed and floating charge over the assets of the company.

10. Provisions for liabilities
31.7.23 31.7.22
£ £
Deferred tax
Deferred tax 5,800 5,400
Property revaluation 212,200 212,200
218,000 217,600

Deferred tax
£
Balance at 1st August 2022 217,600
Provided during year 400
Balance at 31st July 2023 218,000

11. Called up share capital

Allotted, issued and fully paid:
Number: Class: Nominal 31.7.23 31.7.22
value: £ £
2 Ordinary £1 2 2

12. Contingent liabilities & lease commitments

There were no contingent liabilities or lease commitments as at 31st July 2023.

CP & LJ HAWKINS LTD (REGISTERED NUMBER: 08601432)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31ST JULY 2023


13. Related party disclosures

The directors

During the year, the directors used a current account with the company to record amounts due to them and amounts drawn by them. The balance at the year end was £2,664,327 (2022: £942,086) owed to the company. The whole amount is due in more than one year.

Other related parties

The following transactions with related parties, on normal commercial terms, took place during the year:




Sales

Purchases
Debtor
balance
Creditor
balance
£   £   £   £   

Significant influence entities2211,2502211,250