Registered number: 08539139
HAWKWELL CONSTRUCTION AND WARRANTY LTD
FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2024
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HAWKWELL CONSTRUCTION AND WARRANTY LTD
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CONTENTS
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Statement of financial position
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Notes to the financial statements
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HAWKWELL CONSTRUCTION AND WARRANTY LTD
REGISTERED NUMBER:08539139
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STATEMENT OF FINANCIAL POSITION
AS AT 30 JUNE 2024
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Debtors: amounts falling due within one year
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Creditors: amounts falling due within one year
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Total assets less current liabilities
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Creditors: amounts falling due after more than one year
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The financial statements have been prepared 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 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 7 March 2025.
The notes on pages 3 to 6 form part of these financial statements.
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HAWKWELL CONSTRUCTION AND WARRANTY LTD
REGISTERED NUMBER:08539139
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STATEMENT OF FINANCIAL POSITION (CONTINUED)
AS AT 30 JUNE 2024
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HAWKWELL CONSTRUCTION AND WARRANTY LTD
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NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2024
Hawkwell Construction and Warranty Limited is a private limited liability company registered in England and Wales. Its registered office and business address is at 7 Blighs Walk, Sevenoaks, Kent, TN13 1DB.
The principal activity of the company during the year was insurance underwriters.
The Company's functional and presentational currency is £ sterling.
2.Accounting policies
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Basis of preparation of financial statements
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The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with FRS 102 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland' and the requirements of the Companies Act 2006. The disclosure requirements of Section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.
The following principal accounting policies have been applied:
Turnover represents insurance underwriting commission receivable from the provision of insurance underwriting services net of Value Added Tax where applicable.
Turnover from insurance underwriting services is recognised in the period in which services are provided and when the right to consideration has been reliably established.
The company made a profit for the year and at the reporting date had net liabilities.
The financial statements have been prepared on a going concern basis, the validity of which is dependent upon the continued support of the parent undertaking. The directors are satisfied that adequate resources will continue to be made available for at least twelve months from the date of approval of these financial statements and that the company will be able to meet its working capital requirements for the foreseeable future.
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.
Tax is recognised in profit or loss except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.
The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the Company operates and generates income.
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HAWKWELL CONSTRUCTION AND WARRANTY LTD
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NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2024
2.Accounting policies (continued)
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.
At each reporting date the Company assesses whether there is any indication of impairment. If such indication exists, the recoverable amount of the asset is determined which is the higher of its fair value less costs to sell and its value in use. An impairment loss is recognised where the carrying amount exceeds the recoverable amount.
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:
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.
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Basic financial instruments
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The company enters into transactions that result in basic financial instruments such as trade and
other debtors, trade and other creditors, and cash and cash equivalents.
Trade and other debtors are recognised initially at the transaction price less attributable transaction costs. Trade and other creditors are recognised initially at transaction price plus attributable transaction costs. Subsequently they are measured at amortised cost using the effective interest method, less any impairment losses in the case of trade and other debtors.
Cash and cash equivalents comprise of cash in hand and bank balances.
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The average monthly number of employees, including directors, during the year was 3 (2023 - 3).
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HAWKWELL CONSTRUCTION AND WARRANTY LTD
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NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2024
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Fixtures, fittings and equipment
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Charge for the year on owned assets
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Prepayments and accrued income
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Creditors: Amounts falling due within one year
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HAWKWELL CONSTRUCTION AND WARRANTY LTD
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NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2024
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Creditors: Amounts falling due after more than one year
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Accruals and deferred income
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Analysis of the maturity of loans is given below:
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Amounts falling due after more than 5 years
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Allotted, called up and fully paid
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175,041 Ordinary B shares of 0.01
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The company's immediate parent undertaking is 80 Limited, a company registered in Guernsey. The ultimate parent undertaking is 81 Limited, a company registered in Guernsey.
The auditors' report on the financial statements for the year ended 30 June 2024 was unqualified.
The audit report was signed on 7 March 2025 by Martyn Atkinson (Senior statutory auditor) on behalf of Sopher + Co LLP.
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