Hook Holdings Limited 10348554 false 2023-04-01 2024-03-31 2024-03-31 The principal activity of the company is that of a holding company. Digita Accounts Production Advanced 6.30.9574.0 true true 10348554 2023-04-01 2024-03-31 10348554 2024-03-31 10348554 bus:OrdinaryShareClass1 2024-03-31 10348554 core:CurrentFinancialInstruments 2024-03-31 10348554 core:CurrentFinancialInstruments core:WithinOneYear 2024-03-31 10348554 core:Non-currentFinancialInstruments core:AfterOneYear 2024-03-31 10348554 bus:SmallEntities 2023-04-01 2024-03-31 10348554 bus:AuditExemptWithAccountantsReport 2023-04-01 2024-03-31 10348554 bus:FilletedAccounts 2023-04-01 2024-03-31 10348554 bus:SmallCompaniesRegimeForAccounts 2023-04-01 2024-03-31 10348554 bus:RegisteredOffice 2023-04-01 2024-03-31 10348554 bus:HighestPaidDirector 2023-04-01 2024-03-31 10348554 bus:OrdinaryShareClass1 2023-04-01 2024-03-31 10348554 bus:PrivateLimitedCompanyLtd 2023-04-01 2024-03-31 10348554 countries:AllCountries 2023-04-01 2024-03-31 10348554 2022-01-01 2023-03-31 10348554 2023-03-31 10348554 bus:OrdinaryShareClass1 2023-03-31 10348554 core:CurrentFinancialInstruments 2023-03-31 10348554 core:CurrentFinancialInstruments core:WithinOneYear 2023-03-31 10348554 core:Non-currentFinancialInstruments core:AfterOneYear 2023-03-31 iso4217:GBP xbrli:pure xbrli:shares

Registration number: 10348554

Hook Holdings Limited

Unaudited Filleted Financial Statements

for the Year Ended 31 March 2024

 

Hook Holdings Limited

Contents

Company Information

1

Balance Sheet

2

Notes to the Unaudited Financial Statements

3 to 5

 

Hook Holdings Limited

Company Information

Registered office

Search House
Charnham Lane
Hungerford
Berkshire
RG17 0EY

Accountants

E J Business Consultants Limited
No 2 Toomers Wharf
Canal Walk
Newbury
RG14 1DY

 

Hook Holdings Limited

(Registration number: 10348554)
Balance Sheet as at 31 March 2024

Note

2024
£

2023
£

Fixed assets

 

Tangible assets

27,500

-

Investments

100

109

 

27,600

109

Current assets

 

Debtors

1,671,699

1,949,131

Cash at bank and in hand

 

269,587

21,640

 

1,941,286

1,970,771

Creditors: Amounts falling due within one year

(2,317)

(2,323)

Net current assets

 

1,938,969

1,968,448

Total assets less current liabilities

 

1,966,569

1,968,557

Creditors: Amounts falling due after more than one year

(2,069,888)

(2,053,403)

Net liabilities

 

(103,319)

(84,846)

Capital and reserves

 

Called up share capital

3

50

50

Retained earnings

(103,369)

(84,896)

Shareholders' deficit

 

(103,319)

(84,846)

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.

Director's responsibilities:

The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and

The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

Approved and authorised by the director on 18 November 2024
 

.........................................
Mr Jonathan Evans
Director

 

Hook Holdings Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2024

1

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Going concern

The financial statements have been prepared on a going concern basis.

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Business combinations

Business combinations are accounted for using the purchase method. The consideration for each acquisition is measured at the aggregate of the fair values at acquisition date of assets given, liabilities incurred or assumed, and equity instruments issued by the group in exchange for control of the acquired, plus any costs directly attributable to the business combination. When a business combination agreement provides for an adjustment to the cost of the combination contingent on future events, the group includes the estimated amount of that adjustment in the cost of the combination at the acquisition date if the adjustment is probable and can be measured reliably.

Investments

Investments in equity shares which are publicly traded or where the fair value can be measured reliably are initially measured at fair value, with changes in fair value recognised in profit or loss. Investments in equity shares which are not publicly traded and where fair value cannot be measured reliably are measured at cost less impairment.


Interest income on debt securities, where applicable, is recognised in income using the effective interest method. Dividends on equity securities are recognised in income when receivable.

 

Hook Holdings Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2024

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Trade debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.

Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. 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.

Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

Borrowings

Interest-bearing borrowings are initially recorded at fair value, net of transaction costs. Interest-bearing borrowings are subsequently carried at amortised cost, with the difference between the proceeds, net of transaction costs, and the amount due on redemption being recognised as a charge to the profit and loss account over the period of the relevant borrowing.

Interest expense is recognised on the basis of the effective interest method and is included in interest payable and similar charges.

Borrowings are classified as current liabilities unless the company has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

2

Staff numbers

The average number of persons employed by the company (including the director) during the year, was 1 (2023 - 1).

3

Share capital

Allotted, called up and fully paid shares

 

Hook Holdings Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2024

2024

2023

No.

£

No.

£

Ordinary share capital of £1 each

50

50

50

50