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REGISTERED NUMBER: 04271499 (England and Wales)












Unaudited Financial Statements

for the Year Ended 29 February 2024

for

Hawker Chase Executive Limited

Hawker Chase Executive Limited (Registered number: 04271499)






Contents of the Financial Statements
for the Year Ended 29 February 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Hawker Chase Executive Limited

Company Information
for the Year Ended 29 February 2024







DIRECTORS: M J Gawthorne
Mrs L V Gawthorne





SECRETARY: M J Gawthorne





REGISTERED OFFICE: The Old Stables
Sutton Manor Farm
Bishop's Sutton
Alresford
Hampshire
SO24 0AA





REGISTERED NUMBER: 04271499 (England and Wales)





ACCOUNTANTS: Butler & Co Alresford Limited
Chartered Accountants
The Old Stables
Sutton Manor Farm
Bishops Sutton
Alresford
Hampshire
SO24 0AA

Hawker Chase Executive Limited (Registered number: 04271499)

Balance Sheet
29 February 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 237 380

CURRENT ASSETS
Debtors 5 43,197 32,850
Cash at bank 106,426 163,710
149,623 196,560
CREDITORS
Amounts falling due within one year 6 34,942 40,844
NET CURRENT ASSETS 114,681 155,716
TOTAL ASSETS LESS CURRENT
LIABILITIES

114,918

156,096

CREDITORS
Amounts falling due after more than one
year

7

(21,594

)

(31,567

)

PROVISIONS FOR LIABILITIES 8 (46 ) (72 )
NET ASSETS 93,278 124,457

CAPITAL AND RESERVES
Called up share capital 9 51,500 51,500
Share premium 1,950 1,950
Retained earnings 39,828 71,007
SHAREHOLDERS' FUNDS 93,278 124,457

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.

Hawker Chase Executive Limited (Registered number: 04271499)

Balance Sheet - continued
29 February 2024


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 4 November 2024 and were signed on its behalf by:





M J Gawthorne - Director


Hawker Chase Executive Limited (Registered number: 04271499)

Notes to the Financial Statements
for the Year Ended 29 February 2024

1. STATUTORY INFORMATION

Hawker Chase Executive 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.

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.
Office equipment - 20% on cost and 10% on cost

Financial instruments
The company only enters into basic financial instruments transactions that result in the recognition of financial assets and liabilities like trade and other accounts debtors and creditors, loans from banks and other third parties and loans to related parties.

For financial assets measured at amortised cost, the impairment loss is measured as the difference between an asset's carrying amount and the present value of estimated cash flows discounted at the asset's original effective interest rate. If a financial asset has a variable interest rate, the discount rate for measuring any impairment loss is the current effective interest rate determined under the contract.

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.

Foreign currencies
Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result.

Hawker Chase Executive Limited (Registered number: 04271499)

Notes to the Financial Statements - continued
for the Year Ended 29 February 2024

2. ACCOUNTING POLICIES - continued

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3. EMPLOYEES

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

4. TANGIBLE FIXED ASSETS
Office
equipment
£   
COST
At 1 March 2023
and 29 February 2024 713
DEPRECIATION
At 1 March 2023 333
Charge for year 143
At 29 February 2024 476
NET BOOK VALUE
At 29 February 2024 237
At 28 February 2023 380

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 41,431 32,663
Prepayments and accrued income 1,766 187
43,197 32,850

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
BBLS (Bounce Back Loan Scheme) 9,973 9,727
Trade creditors 616 1,452
Corporation tax 10,313 12,243
Social security and other taxes (360 ) 3,181
VAT 12,559 8,780
Other creditors - 3,863
Accruals and deferred income 1,841 1,598
34,942 40,844

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£    £   
BBLS (Bounce Back Loan Scheme) 21,594 31,567

Hawker Chase Executive Limited (Registered number: 04271499)

Notes to the Financial Statements - continued
for the Year Ended 29 February 2024

8. PROVISIONS FOR LIABILITIES
2024 2023
£    £   
Deferred tax
Accelerated capital allowances 46 72

Deferred
tax
£   
Balance at 1 March 2023 72
Accelerated capital allowances (26 )
Balance at 29 February 2024 46

9. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
26,500 £1 Ordinary 'A' £1 26,500 26,500
25,000 £1 Ordinary 'B' £1 25,000 25,000
51,500 51,500

The Ordinary 'A' shares and Ordinary 'B' shares rank pari passu in all respects except that dividends may be paid to the holders of one class of shares to the exclusion of the other at the director's discretion.

10. RELATED PARTY DISCLOSURES

During the year, total dividends of £60,000 (2023 - £48,598) were paid to the directors .

11. ULTIMATE CONTROLLING PARTY

During the period under review the company was under the ultimate control of its directors, by virtue of their shareholdings.