HAWKSTONE VALE DEVELOPMENTS LTD
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2024
Hawkstone Vale Developments Ltd is a private company, limited by shares, incorporated and domiciled in England. The address of its registered office and principal place of business is 135 Worcester Road, Hagley, West Midlands, DY9 0NW.
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 Section 1A of Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006.
The following principal accounting policies have been applied:
In the opinion of the director, continued financial support will be available from related parties, such that the company will continue trading and satisfy its financial commitments.
On the basis of this opinion, the financial statements have been prepared on a going concern basis. If, for whatever reason, the necessary financial support is not forthcoming, then this basis may be inappropriate.
Finance costs are charged to the statement of income and retained earnings 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.
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.
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.
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The average monthly number of employees, including directors, during the year was 1 (2023 - 3).
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