Silverfin false false 31/03/2024 01/04/2023 31/03/2024 C A Goodall 07/08/2020 J E Goodall 07/08/2020 J L Taylor 07/08/2020 E J Taylor 07/08/2020 12 November 2024 The principal activity of the Company during the financial period was property letting. 12800456 2024-03-31 12800456 bus:Director1 2024-03-31 12800456 bus:Director2 2024-03-31 12800456 bus:Director3 2024-03-31 12800456 bus:Director4 2024-03-31 12800456 2023-03-31 12800456 core:CurrentFinancialInstruments 2024-03-31 12800456 core:CurrentFinancialInstruments 2023-03-31 12800456 core:Non-currentFinancialInstruments 2024-03-31 12800456 core:Non-currentFinancialInstruments 2023-03-31 12800456 core:ShareCapital 2024-03-31 12800456 core:ShareCapital 2023-03-31 12800456 core:RetainedEarningsAccumulatedLosses 2024-03-31 12800456 core:RetainedEarningsAccumulatedLosses 2023-03-31 12800456 core:MoreThanFiveYears 2024-03-31 12800456 core:MoreThanFiveYears 2023-03-31 12800456 2023-04-01 2024-03-31 12800456 bus:FilletedAccounts 2023-04-01 2024-03-31 12800456 bus:SmallEntities 2023-04-01 2024-03-31 12800456 bus:AuditExemptWithAccountantsReport 2023-04-01 2024-03-31 12800456 bus:PrivateLimitedCompanyLtd 2023-04-01 2024-03-31 12800456 bus:Director1 2023-04-01 2024-03-31 12800456 bus:Director2 2023-04-01 2024-03-31 12800456 bus:Director3 2023-04-01 2024-03-31 12800456 bus:Director4 2023-04-01 2024-03-31 12800456 2022-04-01 2023-03-31 12800456 core:Non-currentFinancialInstruments 2023-04-01 2024-03-31 iso4217:GBP xbrli:pure

Company No: 12800456 (England and Wales)

HAWKINS LOTT LTD

Unaudited Financial Statements
For the financial year ended 31 March 2024
Pages for filing with the registrar

HAWKINS LOTT LTD

Unaudited Financial Statements

For the financial year ended 31 March 2024

Contents

HAWKINS LOTT LTD

BALANCE SHEET

As at 31 March 2024
HAWKINS LOTT LTD

BALANCE SHEET (continued)

As at 31 March 2024
Note 2024 2023
£ £
Fixed assets
Investment property 3 424,968 424,968
424,968 424,968
Current assets
Debtors 4 10,492 10,492
Cash at bank and in hand 5 8,101 2,508
18,593 13,000
Creditors: amounts falling due within one year 6 ( 199,449) ( 196,302)
Net current liabilities (180,856) (183,302)
Total assets less current liabilities 244,112 241,666
Creditors: amounts falling due after more than one year 7 ( 215,435) ( 230,361)
Net assets 28,677 11,305
Capital and reserves
Called-up share capital 100 100
Profit and loss account 28,577 11,205
Total shareholders' funds 28,677 11,305

For the financial year ending 31 March 2024 the Company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

The financial statements of Hawkins Lott Ltd (registered number: 12800456) were approved and authorised for issue by the Board of Directors on 12 November 2024. They were signed on its behalf by:

E J Taylor
Director
HAWKINS LOTT LTD

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 31 March 2024
HAWKINS LOTT LTD

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 31 March 2024
1. Accounting policies

The principal accounting policies are summarised below. They have all been applied consistently throughout the financial year and to the preceding financial year, unless otherwise stated.

General information and basis of accounting

Hawkins Lott Ltd (the Company) is a private company, limited by shares, incorporated in the United Kingdom under the Companies Act 2006 and is registered in England and Wales. The address of the Company's registered office is The Dyers Building, 21 Silver Street, Ilminster, TA19 0DH, United Kingdom.

The financial statements have been prepared under the historical cost convention, modified to include the revaluation of freehold properties and to include investment properties and certain items at fair value, and in accordance with Section 1A of Financial Reporting Standard 102 (FRS 102) ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland’ issued by the Financial Reporting Council and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.

The financial statements are presented in pounds sterling which is the functional currency of the Company and rounded to the nearest £.

Turnover

Turnover represents amounts receivable in respect of rents from investment property and is recognised in the period of occupation of the property by the tenant.

Taxation

Current tax
Current tax is provided at amounts expected to be paid (or recoverable) using the tax rates and laws that have been enacted or substantively enacted at the Balance Sheet date. Tax is recognised in the profit and loss account, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

Borrowing costs

Borrowing costs that are directly attributable to acquisition, construction or production of qualifying assets, are capitalised as part of the cost of those assets. Capitalisation begins when both finance costs and expenditures for the asset are being incurred and activities that are necessary to get the asset ready for use are in progress. Capitalisation ceases when substantially all the activities that are necessary to get the asset ready for use are complete.

All other borrowing costs are recognised in profit or loss in the period in which they are incurred.

Investment property

Investment property is initially recognised at cost, which includes the purchase cost and any directly attributable expenditure. Subsequently it is measured at fair value at each reporting date with changes in fair value recognised in profit or loss. Deferred taxation is provided on these gains at the rate expected to apply when the property is sold.

Fixed asset investments

Investments are recognised initially at fair value which is normally the transaction price excluding transaction costs. Subsequently, they are measured at fair value through profit or loss if the shares are publicly traded or their fair value can otherwise be measured reliably. Other investments are measured at cost less impairment.

Trade and other debtors

Trade and other debtors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest method less impairment losses for bad and doubtful debts, except where the effect of discounting would be immaterial. In such cases the receivables are stated at cost less impairment losses for bad and doubtful debts.

Cash and cash equivalents

Cash and cash equivalents are basic financial assets and include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in creditors: amounts falling due within one year.

Trade and other creditors

Trade and other creditors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest rate method, unless the effect of discounting would be immaterial, in which case they are stated at cost. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Ordinary share capital

The ordinary share capital of the Company is presented as equity.

2. Employees

2024 2023
Number Number
Monthly average number of persons employed by the Company during the year, including directors 4 4

3. Investment property

Investment property
£
Valuation
As at 01 April 2023 424,968
As at 31 March 2024 424,968

Valuation

The value of investment property is derived from observable current market prices for comparable real estate determined by the directors. The assets have a current value of £424,968 (2023 - £424,968).

4. Debtors

2024 2023
£ £
Other debtors 10,492 10,492

5. Cash and cash equivalents

2024 2023
£ £
Cash at bank and in hand 8,101 2,508

6. Creditors: amounts falling due within one year

2024 2023
£ £
Bank loans 14,925 14,388
Taxation and social security 4,075 1,465
Other creditors 180,449 180,449
199,449 196,302

7. Creditors: amounts falling due after more than one year

2024 2023
£ £
Bank loans (secured) 215,435 230,361

The bank loans are secured on investment properties of the Company with a carrying value of £424,968 (2023: £424,968.)

Amounts repayable after more than 5 years are included in creditors falling due over one year:

2024 2023
£ £
Bank loans (secured) 149,951 167,232