Company Registration No. 11408925 (England and Wales)
HOOK ROAD LIMITED
Unaudited accounts
for the year ended 31 October 2023
HOOK ROAD LIMITED
Unaudited accounts
Contents
HOOK ROAD LIMITED
Company Information
for the year ended 31 October 2023
Directors
Kamran Zafar Farooqui
Mohammed Khalid Javaid
Laurence Frederick Whelan
Company Number
11408925 (England and Wales)
Registered Office
C/O COOPER HARLAND UNIT 1.14, BARKING EN
50 CAMBRIDGE ROAD
BARKING
ESSEX
IG11 8FG
ENGLAND
Accountants
Cooper Harland Limited
Unit 1.21, Barking Enterprise Centre
50 Cambridge Road
Barking
Essex
IG11 8FG
Chartered Certified Accountants' report to the board of directors on the preparation of the unaudited statutory accounts of
HOOK ROAD LIMITED
for the year ended 31 October 2023
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of
HOOK ROAD LIMITED for the year ended
31 October 2023 as set out on pages
5 -
7 from the Company's accounting records and from information and explanations you have given us.
As a practising member firm of the Association of Chartered Certified Accountants, we are subject to its ethical and other professional requirements which are detailed at https://www.accaglobal.com/uk/en/about-us/regulation/rulebook.html
This report is made solely to the Board of Directors of HOOK ROAD LIMITED, as a body, in accordance with the terms of our engagement letter dated 11 June 2018. Our work has been undertaken solely to prepare for your approval the accounts of HOOK ROAD LIMITED and state those matters that we have agreed to state to the Board of Directors of HOOK ROAD LIMITED, as a body, in this report in accordance with the requirements of the Association of Chartered Certified Accountants as detailed at http://www.accaglobal.com/content/dam/ACCA_Global/Technical/fact/technical-factsheet-163.pdf. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than HOOK ROAD LIMITED and its Board of Directors as a body for our work or for this report.
It is your duty to ensure that HOOK ROAD LIMITED has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and loss of HOOK ROAD LIMITED. You consider that HOOK ROAD LIMITED is exempt from the statutory audit requirement for the year.
We have not been instructed to carry out an audit or a review of the accounts of HOOK ROAD LIMITED. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory accounts.
Cooper Harland Limited
Chartered Certified Accountants
Unit 1.21, Barking Enterprise Centre
50 Cambridge Road
Barking
Essex
IG11 8FG
5 September 2024
HOOK ROAD LIMITED
Statement of financial position
as at 31 October 2023
Tangible assets
2,803,126
1,696,141
Cash at bank and in hand
200
4,054
Creditors: amounts falling due within one year
(1,061,647)
(994,877)
Net current liabilities
(1,061,447)
(990,823)
Total assets less current liabilities
1,741,679
705,318
Creditors: amounts falling due after more than one year
(1,872,289)
(817,046)
Net liabilities
(130,610)
(111,728)
Called up share capital
100
100
Profit and loss account
(130,710)
(111,828)
Shareholders' funds
(130,610)
(111,728)
For the year ending 31 October 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 4 September 2024 and were signed on its behalf by
Kamran Zafar Farooqui
Director
Company Registration No. 11408925
HOOK ROAD LIMITED
Notes to the Accounts
for the year ended 31 October 2023
HOOK ROAD LIMITED is a private company, limited by shares, registered in England and Wales, registration number 11408925. The registered office is C/O COOPER HARLAND UNIT 1.14, BARKING EN, 50 CAMBRIDGE ROAD, BARKING, ESSEX, IG11 8FG, ENGLAND.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. 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.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
DIRECTORS' ADVANCES, CREDITS AND GUARANTEES
Ordinary share capital of the Company, as at 31/10/2022, @ £1 each was as below:
Laurence Fredrick Whelan: 51 shares
Kamran Zafar Farooqui: 25 shares
M. Khalid Javaid: 24 shares
The Company was under the control of Directors throughout the period.
HOOK ROAD LIMITED
Notes to the Accounts
for the year ended 31 October 2023
4
Tangible fixed assets
Land & buildings
Fixtures & fittings
Computer equipment
Total
Cost or valuation
At cost
At cost
At cost
At 1 November 2022
1,696,142
700
2,350
1,699,192
Additions
1,106,985
-
-
1,106,985
At 31 October 2023
2,803,127
700
2,350
2,806,177
At 1 November 2022
-
700
2,351
3,051
At 31 October 2023
-
700
2,351
3,051
At 31 October 2023
2,803,127
-
(1)
2,803,126
At 31 October 2022
1,696,142
-
(1)
1,696,141
5
Creditors: amounts falling due within one year
2023
2022
Bank loans and overdrafts
33
-
Other creditors
5,400
5,000
Loans from directors
1,056,214
989,877
6
Creditors: amounts falling due after more than one year
2023
2022
Bank loans
1,872,289
817,046
7
Average number of employees
During the year the average number of employees was 0 (2022: 0).