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REGISTERED NUMBER: 03265315 (England and Wales)
















Unaudited Financial Statements for the Year Ended 29 February 2024

for


Hawklex Limited



Hawklex Limited (Registered number: 03265315)








Contents of the Financial Statements

for the year ended 29 February 2024





Page




Company Information  

1




Balance Sheet  

2




Notes to the Financial Statements  

3





Hawklex Limited



Company Information

for the year ended 29 February 2024









DIRECTORS:

P Copsey


Mrs S Copsey


Miss N Copsey







SECRETARY:

Miss N Copsey







REGISTERED OFFICE:

Old Copse


Long Acre Road


Tye Green Cressing


Braintree


Essex


CM77 8HG







REGISTERED NUMBER:

03265315 (England and Wales)







ACCOUNTANTS:

Simpson Accountancy


Unit 6 Cherrytree Farm


Blackmore End Road


Sible Hedingham


Essex


C09 3LZ



Hawklex Limited (Registered number: 03265315)



Balance Sheet

29 February 2024



2024

2023



Notes

£   

£   

£   

£   


FIXED ASSETS

Tangible assets

4

475,000


475,000




CURRENT ASSETS

Cash at bank

49,316


38,166




CREDITORS

Amounts falling due within one year

5

8,857


8,849



NET CURRENT ASSETS

40,459


29,317



TOTAL ASSETS LESS CURRENT

LIABILITIES

515,459


504,317




CAPITAL AND RESERVES

Called up share capital

1,000


1,000



Revaluation reserve

6

306,833


306,833



Retained earnings

6

207,626


196,484



SHAREHOLDERS' FUNDS

515,459


504,317




The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 29 February 2024.  


The members have not required the company to obtain an audit of its financial statements for the year ended 29 February 2024 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 10 May 2024 and were signed on its behalf by:






Miss N Copsey - Director




Hawklex Limited (Registered number: 03265315)



Notes to the Financial Statements

for the year ended 29 February 2024


1.

STATUTORY INFORMATION



Hawklex Limited 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


Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.  


Land and buildings

-

not provided


The directors consider the value of the freehold land exceed the value of the land and buildings thereon.


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.


Hire purchase and leasing commitments

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

3.

EMPLOYEES AND DIRECTORS



The average number of employees during the year was NIL (2023 - NIL).



Hawklex Limited (Registered number: 03265315)



Notes to the Financial Statements - continued

for the year ended 29 February 2024


4.

TANGIBLE FIXED ASSETS


Land and


buildings

£   



COST OR VALUATION


At 1 March 2023


and 29 February 2024

475,000




NET BOOK VALUE


At 29 February 2024

475,000




At 28 February 2023

475,000





Cost or valuation at 29 February 2024 is represented by:



Land and


buildings

£   



Valuation in 2018

475,000





If property had not been revalued it would have been included at the following historical cost:


2024

2023


£   

£   



Cost

168,167


168,167





Value of land in freehold land and buildings

168,167


168,167





The land and building were valued on an open market basis on 31 August 2018 by Fenn Wright .


5.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR


2024

2023


£   

£   



Trade creditors

1


-




Taxation and social security

8,108


8,130




Other creditors

748


719



8,857


8,849




6.

RESERVES


Retained


Revaluation



earnings


reserve


Totals

£   

£   

£   




At 1 March 2023

196,484


306,833


503,317




Profit for the year

27,142


27,142




Dividends

(16,000

)

(16,000

)



At 29 February 2024

207,626


306,833


514,459




7.

ULTIMATE CONTROLLING PARTY



The controlling party is the directors.