Caseware UK (AP4) 2023.0.135 2023.0.135 2024-03-312024-03-31204592023-04-01falseNo description of principal activity62falsetrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.false 12499623 2023-04-01 2024-03-31 12499623 2022-04-01 2023-03-31 12499623 2024-03-31 12499623 2023-03-31 12499623 c:Director2 2023-04-01 2024-03-31 12499623 d:Buildings d:LongLeaseholdAssets 2023-04-01 2024-03-31 12499623 d:Buildings d:LongLeaseholdAssets 2024-03-31 12499623 d:Buildings d:LongLeaseholdAssets 2023-03-31 12499623 d:LandBuildings 2024-03-31 12499623 d:LandBuildings 2023-03-31 12499623 d:PlantMachinery 2023-04-01 2024-03-31 12499623 d:PlantMachinery 2024-03-31 12499623 d:PlantMachinery 2023-03-31 12499623 d:PlantMachinery d:OwnedOrFreeholdAssets 2023-04-01 2024-03-31 12499623 d:PlantMachinery d:LeasedAssetsHeldAsLessee 2023-04-01 2024-03-31 12499623 d:MotorVehicles 2023-04-01 2024-03-31 12499623 d:FurnitureFittings 2023-04-01 2024-03-31 12499623 d:OwnedOrFreeholdAssets 2023-04-01 2024-03-31 12499623 d:LeasedAssetsHeldAsLessee 2023-04-01 2024-03-31 12499623 d:CurrentFinancialInstruments 2024-03-31 12499623 d:CurrentFinancialInstruments 2023-03-31 12499623 d:Non-currentFinancialInstruments 2024-03-31 12499623 d:Non-currentFinancialInstruments 2023-03-31 12499623 c:FRS102 2023-04-01 2024-03-31 12499623 c:AuditExempt-NoAccountantsReport 2023-04-01 2024-03-31 12499623 c:FullAccounts 2023-04-01 2024-03-31 12499623 c:PrivateLimitedCompanyLtd 2023-04-01 2024-03-31 12499623 d:HirePurchaseContracts d:WithinOneYear 2024-03-31 12499623 d:HirePurchaseContracts d:BetweenOneFiveYears 2024-03-31 12499623 d:HirePurchaseContracts d:BetweenOneFiveYears 2023-03-31 12499623 d:ComputerSoftware 2024-03-31 12499623 d:ComputerSoftware 2023-03-31 12499623 d:HirePurchaseContracts d:WithinOneYear 2023-03-31 12499623 d:ComputerSoftware d:ExternallyAcquiredIntangibleAssets 2023-04-01 2024-03-31 12499623 2 2023-04-01 2024-03-31 12499623 d:PlantMachinery d:LeasedAssetsHeldAsLessee 2024-03-31 12499623 d:PlantMachinery d:LeasedAssetsHeldAsLessee 2023-03-31 12499623 d:LeasedAssetsHeldAsLessee 2024-03-31 12499623 d:LeasedAssetsHeldAsLessee 2023-03-31 12499623 d:ComputerSoftware d:OwnedIntangibleAssets 2023-04-01 2024-03-31 12499623 e:PoundSterling 2023-04-01 2024-03-31 iso4217:GBP xbrli:pure

Registered number: 12499623









HAWK LONDON LIMITED







UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE PERIOD ENDED 31 MARCH 2024

 
HAWK LONDON LIMITED
REGISTERED NUMBER: 12499623

BALANCE SHEET
AS AT 31 MARCH 2024

2024
2023
£
£


Fixed assets
2,961,925
1,526,740

Current assets
735,495
939,907

Creditors: amounts falling due within one year
(2,639,880)
(1,487,581)

Net current liabilities
 
 
(1,904,385)
 
 
(547,674)

Total assets less current liabilities
1,057,540
979,066

Creditors: amounts falling due after more than one year
(1,186,734)
(1,003,738)


Net liabilities
(129,194)
(24,672)



Capital and reserves
(129,194)
(24,672)


Page 1

 
HAWK LONDON LIMITED
REGISTERED NUMBER: 12499623
    
BALANCE SHEET (CONTINUED)
AS AT 31 MARCH 2024

The directors consider that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the period in question in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The Company's financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

The financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The Company has opted not to file the statement of comprehensive income in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf on 31 December 2024.




P Joarder
Director

The notes on pages 3 to 8 form part of these financial statements.

Page 2

 
HAWK LONDON LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 MARCH 2024

1.


General information

Hawk London Ltd is a private company, limited by shares, domiciled in England and Wales, registration number 12499623. The regsitered office is Haslers, Hawke House, Old Station Road, Loughton, Essex, IG10 4PL. The principal activity of the business is leasing camera equipment.

2.Accounting policies

 
2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006.

The preparation of financial statements in compliance with FRS 102 requires the use of certain critical accounting estimates. It also requires management to exercise judgement in applying the Company's accounting policies.

The following principal accounting policies have been applied:

 
2.2

Going concern

The accounts have been prepared on a going concern basis. The associated companies will not draw upon loans outstanding. 

 
2.3

Revenue

Revenue is recognised to the extent that it is probable that the economic benefits will flow to the Company and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before revenue is recognised:
Revenue from hire contracts to provide provision of equipment is recognised in the period in which the equipment is hired. Revenue is recognised when all of the following conditions are satisfied:
• the amount of revenue can be measured reliably;
• it is probable that the Company will receive the consideration due under the contract.

 
2.4

Interest income

Interest income is recognised in profit or loss using the effective interest method.

 
2.5

Finance costs

Finance costs are charged to profit or loss over the term of the debt using the effective interest method so that the amount charged is at a constant rate on the carrying amount. Issue costs are initially recognised as a reduction in the proceeds of the associated capital instrument.

Page 3

 
HAWK LONDON LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 MARCH 2024

2.Accounting policies (continued)

 
2.6

Pensions

Defined contribution pension plan

The Company operates a defined contribution plan for its employees. A defined contribution plan is a pension plan under which the Company pays fixed contributions into a separate entity. Once the contributions have been paid the Company has no further payment obligations.

The contributions are recognised as an expense in profit or loss when they fall due. Amounts not paid are shown in accruals as a liability in the Balance Sheet. The assets of the plan are held separately from the Company in independently administered funds.

 
2.7

Intangible assets

Intangible assets are initially recognised at cost. After recognition, under the cost model, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

All intangible assets are considered to have a finite useful life. If a reliable estimate of the useful life cannot be made, the useful life shall not exceed ten years.

 
2.8

Tangible fixed assets

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, using the straight-line method.

Depreciation is provided on the following basis:

Long-term leasehold property
-
10%
Straight Line Method
Plant & Machinery camera equipment
-
20%
Straight Line Method
Plant & Machinery standard lenses
-
10%
Straight Line Method
Plant & Machinery Hawk lenses
-
5%
Straight Line Method

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.

Page 4

 
HAWK LONDON LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 MARCH 2024

2.Accounting policies (continued)

 
2.9

Debtors

Short-term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

Long-term debtors are measured at transaction price, less any impairment. Long-term debtors are reviewed annually to establish and confirm recoverability. 

 
2.10

Cash and cash equivalents

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.

 
2.11

Creditors

Short-term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.


3.


Intangible assets




Website development

£



Cost


Additions
11,370



At 31 March 2024

11,370



Amortisation


Charge for the period on owned assets
1,137



At 31 March 2024

1,137



Net book value



At 31 March 2024
10,233



At 31 March 2023
-


Page 5

 
HAWK LONDON LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 MARCH 2024
 
           3.Intangible assets (continued)



4.


Tangible fixed assets





Long-term leasehold property
Plant and machinery
Total

£
£
£



Cost or valuation


At 1 April 2023
88,575
1,528,582
1,617,157


Additions
116,012
1,591,512
1,707,524


Disposals
-
(94,984)
(94,984)



At 31 March 2024

204,587
3,025,110
3,229,697



Depreciation


At 1 April 2023
-
90,418
90,418


Charge for the period on owned assets
20,459
95,507
115,966


Charge for the period on financed assets
-
71,621
71,621



At 31 March 2024

20,459
257,546
278,005



Net book value



At 31 March 2024
184,128
2,767,564
2,951,692



At 31 March 2023
88,575
1,438,165
1,526,740




The net book value of land and buildings may be further analysed as follows:


2024
2023
£
£

Long leasehold
184,128
88,575

184,128
88,575


The net book value of assets held under finance leases or hire purchase contracts, included above, are as follows:


2024
2023
£
£

Page 6

 
HAWK LONDON LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 MARCH 2024

           4.Tangible fixed assets (continued)



Plant and machinery
2,021,792
1,249,609

2,021,792
1,249,609


5.


Debtors

2024
2023
£
£

Due after more than one year

Other debtors
208,845
-

208,845
-


2024
2023
£
£

Due within one year

Trade debtors
20,258
105

Other debtors
279,559
611,123

Prepayments and accrued income
-
37,877

299,817
649,105



6.


Cash and cash equivalents

2024
2023
£
£

Cash at bank and in hand
226,832
290,803

226,832
290,803


Page 7

 
HAWK LONDON LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 MARCH 2024

7.


Creditors: Amounts falling due within one year

2024
2023
£
£

Trade creditors
2,364
3,936

Amounts owed to parent
2,258,185
1,244,941

Other taxation and social security
34,097
-

Obligations under finance lease and hire purchase contracts
302,679
206,219

Other creditors
40,735
30,735

Accruals and deferred income
1,820
1,750

2,639,880
1,487,581



8.


Creditors: Amounts falling due after more than one year

2024
2023
£
£

Net obligations under finance leases and hire purchase contracts
1,186,734
1,003,738

1,186,734
1,003,738



9.


Hire purchase and finance leases


Minimum lease payments under hire purchase fall due as follows:

2024
2023
£
£


Within one year
302,679
206,219

Between 1-5 years
1,186,734
1,003,738

1,489,413
1,209,957


10.


Related party transactions

At the year end the following amounts are owed to/(from) associated companies 2024: £2,298,920 (2023: £1,275,676).


11.


Controlling party

There is no ultimate controlling party. 

 
Page 8