Hawk Air Limited 14221736 true 2023-08-01 2024-07-31 2024-07-31 The principal activity of the company is non-scheduled passenger air transport and education. Digita Accounts Production Advanced 6.30.9574.0 true C Hawkins 14221736 2023-08-01 2024-07-31 14221736 2024-07-31 14221736 core:ShareCapital 2024-07-31 14221736 core:CurrentFinancialInstruments 2024-07-31 14221736 core:CurrentFinancialInstruments core:WithinOneYear 2024-07-31 14221736 bus:FRS102 2023-08-01 2024-07-31 14221736 bus:AuditExempt-NoAccountantsReport 2023-08-01 2024-07-31 14221736 bus:FullAccounts 2023-08-01 2024-07-31 14221736 bus:RegisteredOffice 2023-08-01 2024-07-31 14221736 bus:Director1 2023-08-01 2024-07-31 14221736 bus:EntityHasNeverTraded 2023-08-01 2024-07-31 14221736 bus:PrivateLimitedCompanyLtd 2023-08-01 2024-07-31 14221736 core:OtherRelatedParties 2023-08-01 2024-07-31 14221736 countries:EnglandWales 2023-08-01 2024-07-31 14221736 2022-07-07 2023-07-31 14221736 2023-07-31 14221736 core:ShareCapital 2023-07-31 14221736 core:CurrentFinancialInstruments 2023-07-31 14221736 core:CurrentFinancialInstruments core:WithinOneYear 2023-07-31 iso4217:GBP xbrli:pure

Registration number: 14221736

Hawk Air Limited

Annual Report and Unaudited Financial Statements

for the Year Ended 31 July 2024

 

Hawk Air Limited

(Registration number: 14221736)
Balance Sheet as at 31 July 2024

Note

2024
£

2023
£

Current assets

 

Debtors

4

100

100

Cash at bank and in hand

 

1,605

2,205

 

1,705

2,305

Creditors: Amounts falling due within one year

(1,605)

(2,205)

Net assets

 

100

100

Capital and reserves

 

Called up share capital

100

100

Shareholders' funds

 

100

100

For the financial year ending 31 July 2024 the company was entitled to exemption from audit under section 480 of the Companies Act 2006 relating to dormant 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 and delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the director has not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the director on 21 February 2025
 


C Hawkins
Director

 

Hawk Air Limited

Notes to the Unaudited Financial Statements

1

General information

The company is a private company limited by share capital, incorporated in England and Wales.

The address of its registered office is:
29b Nine Mile Ride
Finchampstead
Wokingham
Berkshire
RG40 4QD
England

2

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 for, where disclosed in these accounting policies, certain items that are shown at fair value.

The presentational currency of the financial statements is Pounds Sterling, being the functional currency of the primary economic environment in which the company operates. Monetary amounts in these financial statements are rounded to the nearest Pound.

Judgements

No significant judgements have been made by management in preparing these financial statements.

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. All trade debtors are repayable within one year and hence are included at the undiscounted cost of cash expected to be received. 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 debtors.

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.

 

Hawk Air Limited

Financial instruments


Classification
Financial instruments are classified and accounted for according to the substance of the contractual arrangement, as financial assets, financial liabilities or equity instruments. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities. Where shares are issued, any component that creates a financial liability of the company is presented as a liability on the balance sheet. The corresponding dividends relating to the liability component are charged as interest expenses in the profit and loss account.

 Recognition and measurement
All financial assets and liabilities are initially measured at transaction price (including transaction costs), except for those financial assets classified as at fair value through profit or loss, which are initially measured at fair value (which is normally the transaction price excluding transaction costs), unless the arrangement constitutes a financing transaction. If an arrangement constitutes a financing transaction, the financial asset or financial liability is measured at the present value of the future payments discounted at a market rate of interest for a similar debt instrument.

3

Staff numbers

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

4

Debtors

2024
£

2023
£

Other debtors

100

100

100

100

5

Loans and borrowings

Current loans and borrowings

2024
£

2023
£

Other borrowings

1,605

2,205

6

Related party transactions

Summary of transactions with other related parties

At 31 July 2024, the director was owed £1,605 (2024 - £2,205) by the company in the form of a director's loan account. The loan is unsecured, interest free and repayable on demand.