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COMPANY REGISTRATION NUMBER: 14155145
White Hawk Green Ltd
Unaudited Financial Statements
30 June 2023
White Hawk Green Ltd
Strategic Report
Year ended 30 June 2023
This report was approved by the board of directors on 2 February 2024 and signed on behalf of the board by:
Mr G Winbanks
Director
Registered office:
3 Waterhouse Square
138-142 Holborn
London
UK
EC1N 2SW
White Hawk Green Ltd
Director's Report
Year ended 30 June 2023
The director presents his report and the unaudited financial statements of the company for the year ended 30 June 2023 .
Incorporation
The company was incorporated on 7 June 2022 and commenced to trade on 1 July 2022.
Director
The director who served the company during the year was as follows:
Mr G Winbanks
Dividends
Particulars of recommended dividends are detailed in note 8 to the financial statements.
This report was approved by the board of directors on 2 February 2024 and signed on behalf of the board by:
Mr G Winbanks
Director
Registered office:
3 Waterhouse Square
138-142 Holborn
London
UK
EC1N 2SW
White Hawk Green Ltd
Statement of Comprehensive Income
Year ended 30 June 2023
2023
Note
£
Turnover
4
143,500
Cost of sales
322
---------
Gross profit
143,178
Distribution costs
2,876
Administrative expenses
24,030
---------
Operating profit
116,272
---------
Profit before taxation
116,272
Tax on profit
7
23,428
---------
Profit for the financial year and total comprehensive income
92,844
---------
All the activities of the company are from continuing operations.
White Hawk Green Ltd
Statement of Financial Position
30 June 2023
2023
Note
£
Current assets
Cash at bank and in hand
81,299
Creditors: amounts falling due within one year
9
29,954
--------
Net current assets
51,345
--------
Total assets less current liabilities
51,345
--------
Net assets
51,345
--------
Capital and reserves
Called up share capital
10
1
Profit and loss account
51,344
--------
Shareholders funds
51,345
--------
For the year ending 30 June 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 financial statements for the year in question in accordance with section 476 ;
- The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .
These financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies' regime.
These financial statements were approved by the board of directors and authorised for issue on 2 February 2024 , and are signed on behalf of the board by:
Mr G Winbanks
Director
Company registration number: 14155145
White Hawk Green Ltd
Statement of Cash Flows
Year ended 30 June 2023
2023
£
Cash flows from operating activities
Profit for the financial year
92,844
Adjustments for:
Tax on profit
23,428
Accrued expenses
800
Changes in:
Trade and other creditors
5,428
---------
Cash generated from operations
122,500
---------
Net cash from operating activities
122,500
---------
Cash flows from financing activities
Proceeds from issue of ordinary shares
1
Proceeds from borrowings
298
Dividends paid
( 41,500)
---------
Net cash used in financing activities
( 41,201)
---------
Net increase in cash and cash equivalents
81,299
Cash and cash equivalents at beginning of year
--------
Cash and cash equivalents at end of year
81,299
--------
White Hawk Green Ltd
Notes to the Financial Statements
Year ended 30 June 2023
1. General information
The company is a private company limited by shares, registered in England and Wales. The address of the registered office is 3 Waterhouse Square, 138-142 Holborn, London, EC1N 2SW, UK.
2. Statement of compliance
These financial statements have been prepared in compliance with FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.
3. Accounting policies
Basis of preparation
The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.
The financial statements are prepared in sterling, which is the functional currency of the entity.
Revenue recognition
Turnover is measured at the fair value of the consideration received or receivable for goods supplied and services rendered, net of discounts and Value Added Tax. Revenue from the sale of goods is recognised when the significant risks and rewards of ownership have transferred to the buyer (usually on despatch of the goods); the amount of revenue can be measured reliably; it is probable that the associated economic benefits will flow to the entity; and the costs incurred or to be incurred in respect of the transactions can be measured reliably.
Income tax
The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in profit or loss, except to the extent that it relates to items recognised in other comprehensive income or directly in equity. In this case, tax is recognised in other comprehensive income or directly in equity, respectively. Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.
Deferred tax is recognised in respect of all timing differences at the reporting date. Unrelieved tax losses and other deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date that are expected to apply to the reversal of the timing difference.
4. Turnover
The whole of the turnover is attributable to the principal activity of the company wholly undertaken in the United Kingdom.
5. Staff costs
The average number of persons employed by the company during the year, including the director, amounted to:
2023
No.
Production staff
1
----
The aggregate payroll costs incurred during the year, relating to the above, were:
2023
£
Wages and salaries
11,325
--------
6. Director's remuneration
The director's aggregate remuneration in respect of qualifying services was:
2023
£
7. Tax on profit
Major components of tax expense
2023
£
Current tax:
UK current tax expense
23,428
--------
Tax on profit
23,428
--------
8. Dividends
9. Creditors: amounts falling due within one year
2023
£
Trade creditors
323
Accruals and deferred income
800
Corporation tax
23,428
Social security and other taxes
5,105
Director loan accounts
298
--------
29,954
--------
10. Called up share capital
Issued, called up and fully paid
2023
No.
£
11. Analysis of changes in net debt
At 1 Jul 2022
Cash flows
At 30 Jun 2023
£
£
£
Cash at bank and in hand
81,299
81,299
Debt due within one year
(298)
(298)
----
--------
--------
81,001
81,001
----
--------
--------