Company Registration No. 02216069 (England and Wales)
THE HAWKS' COMPANY LIMITED
Unaudited accounts
for the year ended 30 June 2024
THE HAWKS' COMPANY LIMITED
Unaudited accounts
Contents
THE HAWKS' COMPANY LIMITED
Company Information
for the year ended 30 June 2024
Directors
T J Ellis
A J A Muston
J A Skelton
S A Barker
M P D Bullock
J V Wager
M O D Dannhauser
M Hancock
Company Number
02216069 (England and Wales)
Registered Office
18 Portugal Place
Cambridge
CB5 8AF
Accountants
Coles Accounting (Cambridge) Limited
Newton Hall
Town Street, Newton
Cambridge
Cambridgeshire
CB22 7ZE
Chartered Certified Accountants' report to the board of directors on the preparation of the unaudited statutory accounts of
THE HAWKS' COMPANY LIMITED
for the year ended 30 June 2024
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of
THE HAWKS' COMPANY LIMITED for the year ended
30 June 2024 as set out on pages
5 -
7 from the Company's accounting records and from information and explanations you have given us.
As a practising member firm of the Association of Chartered Certified Accountants, we are subject to its ethical and other professional requirements which are detailed at https://www.accaglobal.com/uk/en/about-us/regulation/rulebook.html
This report is made solely to the Board of Directors of THE HAWKS' COMPANY LIMITED, as a body, in accordance with the terms of our engagement letter dated 12 June 2020. Our work has been undertaken solely to prepare for your approval the accounts of THE HAWKS' COMPANY LIMITED and state those matters that we have agreed to state to the Board of Directors of THE HAWKS' COMPANY LIMITED, as a body, in this report in accordance with the requirements of the Association of Chartered Certified Accountants as detailed at http://www.accaglobal.com/content/dam/ACCA_Global/Technical/fact/technical-factsheet-163.pdf. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than THE HAWKS' COMPANY LIMITED and its Board of Directors as a body for our work or for this report.
It is your duty to ensure that THE HAWKS' COMPANY LIMITED has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and loss of THE HAWKS' COMPANY LIMITED. You consider that THE HAWKS' COMPANY LIMITED is exempt from the statutory audit requirement for the year.
We have not been instructed to carry out an audit or a review of the accounts of THE HAWKS' COMPANY LIMITED. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory accounts.
Coles Accounting (Cambridge) Limited
Chartered Certified Accountants
Newton Hall
Town Street, Newton
Cambridge
Cambridgeshire
CB22 7ZE
2 August 2024
THE HAWKS' COMPANY LIMITED
Statement of financial position
as at 30 June 2024
Tangible assets
976,658
984,016
Cash at bank and in hand
64,358
59,525
Creditors: amounts falling due within one year
(77,658)
(46,578)
Net current assets
17,250
38,779
Total assets less current liabilities
993,908
1,022,795
Provisions for liabilities
Deferred tax
(25,139)
(25,893)
Net assets
968,769
996,902
Called up share capital
5,264
5,264
Profit and loss account
963,505
991,638
Shareholders' funds
968,769
996,902
For the year ending 30 June 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 2 August 2024 and were signed on its behalf by
M P D Bullock
Director
Company Registration No. 02216069
THE HAWKS' COMPANY LIMITED
Notes to the Accounts
for the year ended 30 June 2024
THE HAWKS' COMPANY LIMITED is a private company, limited by shares, registered in England and Wales, registration number 02216069. The registered office is 18 Portugal Place, Cambridge, CB5 8AF.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Land & buildings
1% on cost
Plant & machinery
20% on cost
Fixtures & fittings
1% on cost
Computer equipment
33% on cost
Turnover represents revenue recognised in respect of food and beverages supplied during the year, excluding value added tax.
Inventories have been valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws.
Deferred tax assets and liabilities are not discounted.
The company operates a defined contribution scheme for the benefit of its employees. Contributions payable are recognised in the profit and loss account when due.
The accounts have been prepared on a going concern basis on the assumption that the directors and shareholders will not withdraw current funding and financial support and takes into account expected future trading profits.
THE HAWKS' COMPANY LIMITED
Notes to the Accounts
for the year ended 30 June 2024
4
Tangible fixed assets
Land & buildings
Plant & machinery
Fixtures & fittings
Computer equipment
Total
Cost or valuation
At cost
At cost
At cost
At cost
At 1 July 2023
1,000,000
178,955
25,667
10,500
1,215,122
Additions
-
-
5,133
-
5,133
At 30 June 2024
1,000,000
178,955
30,800
10,500
1,220,255
At 1 July 2023
60,000
160,035
676
10,395
231,106
Charge for the year
6,667
5,411
308
105
12,491
At 30 June 2024
66,667
165,446
984
10,500
243,597
At 30 June 2024
933,333
13,509
29,816
-
976,658
At 30 June 2023
940,000
18,920
24,991
105
984,016
Included in Freehold Property is freehold land of £333,333 (2023: £333,333) which is not depreciated.
At the date of transition to FRS 102, 1 July 2014, the directors elected under 35.10(d) of FRS 102 to treat the then valuation of the land and buildings of £1,000,000 as the deemed cost.
Amounts falling due within one year
Accrued income and prepayments
1,793
760
6
Creditors: amounts falling due within one year
2024
2023
Trade creditors
5,567
5,368
Other creditors
72,091
41,210
Included within other creditors is £37,000 of preference share loans (2023: £37,000).
7
Transactions with related parties
No one individual controls the company.
8
Average number of employees
During the year the average number of employees was 2 (2023: 2).