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Registered number: 08539139














HAWKWELL CONSTRUCTION AND WARRANTY LTD
FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2024

 
HAWKWELL CONSTRUCTION AND WARRANTY LTD
 

CONTENTS



Page
Statement of financial position
 
1 - 2
Notes to the financial statements
 
3 - 6


 
HAWKWELL CONSTRUCTION AND WARRANTY LTD
REGISTERED NUMBER:08539139

STATEMENT OF FINANCIAL POSITION
AS AT 30 JUNE 2024

2024
2023
Note
£
£

Fixed assets
  

Tangible assets
 4 
538
819

  
538
819

Current assets
  

Debtors: amounts falling due within one year
 5 
68,297
3,819

Cash at bank and in hand
  
22,536
91,227

Current liabilities
  
90,833
95,046

Creditors: amounts falling due within one year
 6 
(80)
(132)

Net current assets
  
 
 
90,753
 
 
94,914

Total assets less current liabilities
  
91,291
95,733

Creditors: amounts falling due after more than one year
 7 
(1,265,350)
(1,611,704)

  

Net liabilities
  
(1,174,059)
(1,515,971)


Capital and reserves
  

Called up share capital 
 9 
1,750
1,750

Share premium account
  
198,716
198,716

Profit and loss account
  
(1,374,525)
(1,716,437)

  
(1,174,059)
(1,515,971)


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.



C Nelson
Director

The notes on pages 3 to 6 form part of these financial statements.
Page 1

 
HAWKWELL CONSTRUCTION AND WARRANTY LTD
REGISTERED NUMBER:08539139
    
STATEMENT OF FINANCIAL POSITION (CONTINUED)
AS AT 30 JUNE 2024


Page 2

 
HAWKWELL CONSTRUCTION AND WARRANTY LTD
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2024

1.


General information

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

 
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 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:

 
2.2

Turnover

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.

 
2.3

Going concern

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.

 
2.4

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.

 
2.5

Taxation

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.


Page 3

 
HAWKWELL CONSTRUCTION AND WARRANTY LTD
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2024

2.Accounting policies (continued)

 
2.6

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.

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:

Fixtures and fittings
-
25%
straight-line

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.

 
2.7

Basic financial instruments

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.



3.


Employees

The average monthly number of employees, including directors, during the year was 3 (2023 - 3).

Page 4

 
HAWKWELL CONSTRUCTION AND WARRANTY LTD
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2024

4.


Tangible fixed assets





Fixtures, fittings and equipment

£



Cost


At 1 July 2023
1,123



At 30 June 2024

1,123



Depreciation


At 1 July 2023
304


Charge for the year on owned assets
281



At 30 June 2024

585



Net book value



At 30 June 2024
538



At 30 June 2023
819


5.


Debtors

2024
2023
£
£


Other debtors
1,208
1,147

Prepayments and accrued income
67,089
2,672

68,297
3,819



6.


Creditors: Amounts falling due within one year

2024
2023
£
£

Trade creditors
-
51

Other creditors
80
81

80
132


Page 5

 
HAWKWELL CONSTRUCTION AND WARRANTY LTD
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2024

7.


Creditors: Amounts falling due after more than one year

2024
2023
£
£

Other loans
1,258,850
1,611,704

Accruals and deferred income
6,500
-

1,265,350
1,611,704



8.


Loans


Analysis of the maturity of loans is given below:


2024
2023
£
£




Amounts falling due after more than 5 years

Other loans
1,258,850
1,611,704

1,258,850
1,611,704



9.


Share capital

2024
2023
£
£
Allotted, called up and fully paid



175,041 Ordinary B  shares of 0.01
1,750
1,750



10.


Controlling party

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.


11.


Auditors' information

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.

 
Page 6