REGISTERED NUMBER: |
UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 28TH FEBRUARY 2025 |
FOR |
HAWK CORPORATION LIMITED |
REGISTERED NUMBER: |
UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 28TH FEBRUARY 2025 |
FOR |
HAWK CORPORATION LIMITED |
HAWK CORPORATION LIMITED (REGISTERED NUMBER: 03928025) |
CONTENTS OF THE FINANCIAL STATEMENTS |
for the Year Ended 28th February 2025 |
Page |
Company Information | 1 |
Balance Sheet | 2 |
Notes to the Financial Statements | 4 |
HAWK CORPORATION LIMITED |
COMPANY INFORMATION |
for the Year Ended 28th February 2025 |
DIRECTORS: |
SECRETARY: |
REGISTERED OFFICE: |
REGISTERED NUMBER: |
ACCOUNTANTS: |
222 Upper Richmond Road West |
London |
SW14 8AH |
HAWK CORPORATION LIMITED (REGISTERED NUMBER: 03928025) |
BALANCE SHEET |
28th February 2025 |
2025 | 2024 |
Notes | £ | £ | £ | £ |
FIXED ASSETS |
Tangible assets | 4 |
Investment property | 5 |
CURRENT ASSETS |
Debtors | 6 |
Cash at bank |
CREDITORS |
Amounts falling due within one year | 7 |
NET CURRENT LIABILITIES | ( |
) | ( |
) |
TOTAL ASSETS LESS CURRENT LIABILITIES |
CAPITAL AND RESERVES |
Called up share capital |
Profit and loss - |
non distributable reserves | ( |
) | ( |
) |
Retained earnings |
SHAREHOLDERS' FUNDS |
The directors acknowledge their responsibilities for: |
(a) | ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and |
(b) | preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company. |
HAWK CORPORATION LIMITED (REGISTERED NUMBER: 03928025) |
BALANCE SHEET - continued |
28th February 2025 |
The financial statements were approved by the Board of Directors and authorised for issue on |
HAWK CORPORATION LIMITED (REGISTERED NUMBER: 03928025) |
NOTES TO THE FINANCIAL STATEMENTS |
for the Year Ended 28th February 2025 |
1. | STATUTORY INFORMATION |
HAWK CORPORATION LIMITED is a |
2. | ACCOUNTING POLICIES |
Basis of preparing the financial statements |
Turnover |
Turnover represents rents receivable excluding value added tax. |
Tangible fixed assets |
Plant and machinery etc | - |
Investment properties |
Investment properties are included in the balance sheet at the open market value and are not subject to depreciation charges. Changes in the market value of investment properties are taken to the profit and loss account. |
Taxation |
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity. |
Current or deferred taxation assets and liabilities are not discounted. |
Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date. |
Deferred tax |
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date. |
Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference. |
Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. |
3. | EMPLOYEES AND DIRECTORS |
The average number of employees during the year was |
HAWK CORPORATION LIMITED (REGISTERED NUMBER: 03928025) |
NOTES TO THE FINANCIAL STATEMENTS - continued |
for the Year Ended 28th February 2025 |
4. | TANGIBLE FIXED ASSETS |
Plant and |
machinery |
etc |
£ |
COST |
At 1st March 2024 |
and 28th February 2025 |
DEPRECIATION |
At 1st March 2024 |
and 28th February 2025 |
NET BOOK VALUE |
At 28th February 2025 |
At 29th February 2024 |
5. | INVESTMENT PROPERTY |
Total |
£ |
FAIR VALUE |
At 1st March 2024 |
and 28th February 2025 |
NET BOOK VALUE |
At 28th February 2025 |
At 29th February 2024 |
Fair value at 28th February 2025 is represented by: |
£ |
Valuation in 2019 | 292,245 |
Valuation in 2020 | (369,000 | ) |
Valuation in 2021 | (40,000 | ) |
Cost | 1,721,755 |
1,605,000 |
If investment properties had not been revalued they would have been included at the following historical cost: |
2025 | 2024 |
£ | £ |
Cost | 1,721,755 | 1,721,755 |
Investment properties were valued on an open market basis on 28th February 2025 by the directors . |
6. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
2025 | 2024 |
£ | £ |
Trade debtors |
Other debtors |
HAWK CORPORATION LIMITED (REGISTERED NUMBER: 03928025) |
NOTES TO THE FINANCIAL STATEMENTS - continued |
for the Year Ended 28th February 2025 |
7. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
2025 | 2024 |
£ | £ |
Taxation and social security |
Other creditors |
8. | RELATED PARTY DISCLOSURES |
As at 28 February 2025, the company owed £42 (2024 £24,548) to Mr P P L Harcourt-Jones, a director and shareholder of the company. This loan is interest free and repayable on demand |
The company owes £1,402,180 (2024 £1,402,180) to Hamilcourt Industrial Holdings Limited. |
Mr P P L Harcourt-Jones is a director and has an interest in the share capital of Hamilcourt Industrial Holding Limited.This loan is interest free and repayable on demand. |
9. | ULTIMATE CONTROLLING PARTY |
The controlling party is P P L Harcourt-Jones. |