Registered number
09717309
HAWKHURST LTD
Filleted Accounts
28 August 2023
HAWKHURST LTD
Registered number: 09717309
Balance Sheet
as at 28 August 2023
Notes 2023 2022
£ £
Fixed assets
Tangible assets 3 3,034,511 1,775,766
Current assets
Cash at bank and in hand 10,756 410,019
Creditors: amounts falling due within one year 4 (665,821) (1,062,991)
Net current liabilities (655,065) (652,972)
Total assets less current liabilities 2,379,446 1,122,794
Creditors: amounts falling due after more than one year 5 (1,797,855) (609,982)
Net assets 581,591 512,812
Capital and reserves
Called up share capital 10 10
Profit and loss account 581,581 512,802
Shareholders' funds 581,591 512,812
The director is satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
Dilip Singh Potiwal
Director
Approved by the board on 20 August 2024
HAWKHURST LTD
Notes to the Accounts
for the period from 30 August 2022 to 28 August 2023
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
Leased assets
A lease is classified as a finance lease if it transfers substantially all the risks and rewards incidental to ownership. All other leases are classified as operating leases. The rights of use and obligations under finance leases are initially recognised as assets and liabilities at amounts equal to the fair value of the leased assets or, if lower, the present value of the minimum lease payments. Minimum lease payments are apportioned between the finance charge and the reduction in the outstanding liability using the effective interest rate method. The finance charge is allocated to each period during the lease so as to produce a constant periodic rate of interest on the remaining balance of the liability. Leased assets are depreciated in accordance with the company's policy for tangible fixed assets. If there is no reasonable certainty that ownership will be obtained at the end of the lease term, the asset is depreciated over the lower of the lease term and its useful life. Operating lease payments are recognised as an expense on a straight line basis over the lease term.
2 Employees 2023 2022
Number Number
Average number of persons employed by the company 0 0
3 Tangible fixed assets
Land and buildings Plant and machinery etc Total
£ £ £
Cost
At 30 August 2022 1,762,465 19,754 1,782,219
Additions 1,614,888 - 1,614,888
Disposals (352,982) - (352,982)
At 28 August 2023 3,024,371 19,754 3,044,125
Depreciation
At 30 August 2022 - 6,453 6,453
Charge for the period - 3,161 3,161
At 28 August 2023 - 9,614 9,614
Net book value
At 28 August 2023 3,024,371 10,140 3,034,511
At 29 August 2022 1,762,465 13,301 1,775,766
4 Creditors: amounts falling due within one year 2023 2022
£ £
Bank loans and overdrafts 558,868 918,336
Trade creditors 2,568 26,803
Taxation and social security costs 87,689 115,355
Other creditors 16,696 2,497
665,821 1,062,991
5 Creditors: amounts falling due after one year 2023 2022
£ £
Bank loans (secured) 1,797,855 609,982
6 Other information
HAWKHURST LTD is a private company limited by shares and incorporated in England. Its registered office is:
46 Mina Road
Bristol
BS2 9XH
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