IRIS Accounts Production v24.2.0.383 08068441 Board of Directors 1.6.23 31.5.24 31.5.24 false true false false true false Fair value model Ordinary Shares 1.00000 3029 5486 3579 1213 8515 663 3029 iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh080684412023-05-31080684412024-05-31080684412023-06-012024-05-31080684412022-05-31080684412022-06-012023-05-31080684412023-05-3108068441ns15:EnglandWales2023-06-012024-05-3108068441ns14:PoundSterling2023-06-012024-05-3108068441ns10:Director12023-06-012024-05-3108068441ns10:PrivateLimitedCompanyLtd2023-06-012024-05-3108068441ns10:SmallEntities2023-06-012024-05-3108068441ns10:AuditExempt-NoAccountantsReport2023-06-012024-05-3108068441ns10:SmallCompaniesRegimeForDirectorsReport2023-06-012024-05-3108068441ns10:SmallCompaniesRegimeForAccounts2023-06-012024-05-3108068441ns10:FullAccounts2023-06-012024-05-3108068441ns10:OrdinaryShareClass12023-06-012024-05-310806844142ns10:Director22023-05-310806844142ns10:Director22022-05-310806844142ns10:Director22023-06-012024-05-310806844142ns10:Director22022-06-012023-05-310806844142ns10:Director22024-05-310806844142ns10:Director22023-05-3108068441ns10:Director22023-06-012024-05-3108068441ns10:RegisteredOffice2023-06-012024-05-3108068441ns5:CurrentFinancialInstruments2024-05-3108068441ns5:CurrentFinancialInstruments2023-05-3108068441ns5:Non-currentFinancialInstruments2024-05-3108068441ns5:Non-currentFinancialInstruments2023-05-3108068441ns5:ShareCapital2024-05-3108068441ns5:ShareCapital2023-05-3108068441ns5:FurtherSpecificReserve3ComponentTotalEquity2024-05-3108068441ns5:FurtherSpecificReserve3ComponentTotalEquity2023-05-3108068441ns5:RetainedEarningsAccumulatedLosses2024-05-3108068441ns5:RetainedEarningsAccumulatedLosses2023-05-3108068441ns5:ComputerEquipment2023-06-012024-05-3108068441ns5:ComputerEquipment2023-05-3108068441ns5:ComputerEquipment2024-05-3108068441ns5:ComputerEquipment2023-05-3108068441ns5:CurrentFinancialInstrumentsns5:WithinOneYear2024-05-3108068441ns5:CurrentFinancialInstrumentsns5:WithinOneYear2023-05-3108068441ns5:Secured2024-05-3108068441ns5:Secured2023-05-3108068441ns10:OrdinaryShareClass12024-05-3108068441ns5:FurtherSpecificReserve3ComponentTotalEquity2023-05-31080684411ns10:Director12023-05-31080684411ns10:Director12022-05-31080684411ns10:Director12023-06-012024-05-31080684411ns10:Director12022-06-012023-05-31080684411ns10:Director12024-05-31080684411ns10:Director12023-05-31
REGISTERED NUMBER: 08068441 (England and Wales)















FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MAY 2024

FOR

Hawkstead Limited

Hawkstead Limited (Registered number: 08068441)






CONTENTS OF THE FINANCIAL STATEMENTS
for the year ended 31 May 2024




Page

Company Information 1

Balance Sheet 2 to 3

Notes to the Financial Statements 4 to 7


Hawkstead Limited

COMPANY INFORMATION
for the year ended 31 May 2024







Directors: Mr D M Gribble
Mrs C Gribble





Registered office: Stowford House
Down Park Drive
Tavistock
Devon
PL19 9AH





Registered number: 08068441 (England and Wales)





Accountants: Nigel Webster & Co
129 North Hill
Plymouth
Devon
PL4 8JY

Hawkstead Limited (Registered number: 08068441)

BALANCE SHEET
31 May 2024

2024 2023
Notes £    £    £    £   
Fixed assets
Tangible assets 4 - 17
Investment property 5 490,000 463,500
490,000 463,517

Current assets
Debtors 6 24,252 2,751
Cash at bank 10,009 38,033
34,261 40,784
Creditors
Amounts falling due within one year 7 6,893 8,444
Net current assets 27,368 32,340
Total assets less current liabilities 517,368 495,857

Creditors
Amounts falling due after more than
one year

8

(352,854

)

(352,854

)

Provisions for liabilities (49,865 ) -
Net assets 114,649 143,003

Capital and reserves
Called up share capital 10 100 100
Fair value reserve 11 149,594 163,500
Retained earnings (35,045 ) (20,597 )
Shareholders' funds 114,649 143,003

Hawkstead Limited (Registered number: 08068441)

BALANCE SHEET - continued
31 May 2024


The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 May 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 May 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 Profit & Loss Account has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 19 October 2024 and were signed on its behalf by:





Mr D M Gribble - Director


Hawkstead Limited (Registered number: 08068441)

NOTES TO THE FINANCIAL STATEMENTS
for the year ended 31 May 2024

1. STATUTORY INFORMATION

Hawkstead 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 fixed assets.

These financial statements have been prepared on a going concern basis. The company is dependant on the support of the directors.

Turnover
Turnover represents rents receivable inclusive of any amounts in arrears or advance at the balance sheet date.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Computer equipment - 33% on cost

Investment property
Investment property is carried at fair value, and shown at it's most recent valuation. Any changes in fair value are recognised in the profit and loss.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Profit & Loss Account, 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.

Hawkstead Limited (Registered number: 08068441)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the year ended 31 May 2024

2. ACCOUNTING POLICIES - continued

Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.

Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.

Provisions
Provisions (ie liabilities of uncertain timing or amount) are recognised when there is an obligation at the reporting date as a result of a past event, it is probable that economic benefit will be transferred to settle the obligation and the amount of the obligation can be estimated reliably.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2023 - 2 ) .

4. TANGIBLE FIXED ASSETS
Computer
equipment
£   
Cost
At 1 June 2023
and 31 May 2024 1,793
Depreciation
At 1 June 2023 1,776
Charge for year 17
At 31 May 2024 1,793
Net book value
At 31 May 2024 -
At 31 May 2023 17

Hawkstead Limited (Registered number: 08068441)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the year ended 31 May 2024

5. INVESTMENT PROPERTY
Total
£   
Fair value
At 1 June 2023 463,500
Revaluations 26,500
At 31 May 2024 490,000
Net book value
At 31 May 2024 490,000
At 31 May 2023 463,500

The investment property was valued on 31st May 2024 by the directors.

Fair value at 31 May 2024 is represented by:
£   
Valuation in 2019 163,500
Valuation in 2024 26,500
Cost 300,000
490,000

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Other debtors 24,252 2,751

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Other creditors 6,893 8,444

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN
ONE YEAR
2024 2023
£    £   
Mortgage 352,854 352,854

9. SECURED DEBTS

The following secured debts are included within creditors:

2024 2023
£    £   
Mortgage 352,854 352,854

Hawkstead Limited (Registered number: 08068441)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the year ended 31 May 2024

10. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
100 Ordinary Shares £1 100 100

11. RESERVES
Fair
value
reserve
£   
At 1 June 2023 163,500
Profit and loss account tfr (13,906 )

At 31 May 2024 149,594

12. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 31 May 2024 and 31 May 2023:

2024 2023
£    £   
Mr D M Gribble and Mrs C Gribble
Balance outstanding at start of year (3,029 ) 5,486
Amounts advanced 3,579 -
Amounts repaid (1,213 ) (8,515 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year (663 ) (3,029 )

13. RELATED PARTY DISCLOSURES

At the balance sheet date the directors, Mr and Mrs Gribble were owed £663.

The loan is unsecured and carries no fixed terms of repayment. No interest has been charged.

Hawkstead Limited loaned Lionstead Limited £20,000 during the year.

Mr Gribble is also a Director of Lionstead Limited.

The loan is unsecured and is to be repaid in full on 31st January 2025. No interest has been charged.

14. ULTIMATE CONTROLLING PARTY

The company was controlled by its directors throughout the period.