Silverfin false false 31/01/2025 01/02/2024 31/01/2025 A D Hawkes D C Hawkes 06/08/1999 E J Hawkes 07/10/2011 J A Hurst 11/12/2002 H M Mcbride 11/12/2002 02 April 2025 The principal activity of the Company during the financial year was property letting. 00143848 2025-01-31 00143848 bus:Director2 2025-01-31 00143848 bus:Director3 2025-01-31 00143848 bus:Director4 2025-01-31 00143848 bus:Director5 2025-01-31 00143848 2024-01-31 00143848 core:CurrentFinancialInstruments 2025-01-31 00143848 core:CurrentFinancialInstruments 2024-01-31 00143848 core:Non-currentFinancialInstruments 2025-01-31 00143848 core:Non-currentFinancialInstruments 2024-01-31 00143848 core:ShareCapital 2025-01-31 00143848 core:ShareCapital 2024-01-31 00143848 core:OtherCapitalReserve 2025-01-31 00143848 core:OtherCapitalReserve 2024-01-31 00143848 core:RetainedEarningsAccumulatedLosses 2025-01-31 00143848 core:RetainedEarningsAccumulatedLosses 2024-01-31 00143848 core:Vehicles 2024-01-31 00143848 core:FurnitureFittings 2024-01-31 00143848 core:OfficeEquipment 2024-01-31 00143848 core:Vehicles 2025-01-31 00143848 core:FurnitureFittings 2025-01-31 00143848 core:OfficeEquipment 2025-01-31 00143848 2024-02-01 2025-01-31 00143848 bus:FilletedAccounts 2024-02-01 2025-01-31 00143848 bus:SmallEntities 2024-02-01 2025-01-31 00143848 bus:AuditExemptWithAccountantsReport 2024-02-01 2025-01-31 00143848 bus:PrivateLimitedCompanyLtd 2024-02-01 2025-01-31 00143848 bus:Director1 2024-02-01 2025-01-31 00143848 bus:Director2 2024-02-01 2025-01-31 00143848 bus:Director3 2024-02-01 2025-01-31 00143848 bus:Director4 2024-02-01 2025-01-31 00143848 bus:Director5 2024-02-01 2025-01-31 00143848 core:Vehicles 2024-02-01 2025-01-31 00143848 core:FurnitureFittings core:TopRangeValue 2024-02-01 2025-01-31 00143848 core:OfficeEquipment core:TopRangeValue 2024-02-01 2025-01-31 00143848 2023-02-01 2024-01-31 00143848 core:FurnitureFittings 2024-02-01 2025-01-31 00143848 core:OfficeEquipment 2024-02-01 2025-01-31 iso4217:GBP xbrli:pure

Company No: 00143848 (England and Wales)

J. A. HAWKES & SON LIMITED

Unaudited Financial Statements
For the financial year ended 31 January 2025
Pages for filing with the registrar

J. A. HAWKES & SON LIMITED

Unaudited Financial Statements

For the financial year ended 31 January 2025

Contents

J. A. HAWKES & SON LIMITED

BALANCE SHEET

As at 31 January 2025
J. A. HAWKES & SON LIMITED

BALANCE SHEET (continued)

As at 31 January 2025
Note 2025 2024
£ £
Fixed assets
Tangible assets 3 215 713
Investment property 4 3,335,150 4,753,149
3,335,365 4,753,862
Current assets
Debtors 5 15,766 16,553
Cash at bank and in hand 536,585 ( 752)
552,351 15,801
Creditors: amounts falling due within one year 6 ( 332,406) ( 77,086)
Net current assets/(liabilities) 219,945 (61,285)
Total assets less current liabilities 3,555,310 4,692,577
Creditors: amounts falling due after more than one year 7 0 ( 895,648)
Provision for liabilities ( 277,105) ( 643,312)
Net assets 3,278,205 3,153,617
Capital and reserves
Called-up share capital 9,480 9,480
Other reserves 6,730 6,730
Profit and loss account 3,261,995 3,137,407
Total shareholders' funds 3,278,205 3,153,617

For the financial year ending 31 January 2025 the Company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

These financial statements have been prepared in accordance with the provisions of FRS 102 Section 1A – small entities. The financial statements of J. A. Hawkes & Son Limited (registered number: 00143848) were approved and authorised for issue by the Board of Directors on 02 April 2025. They were signed on its behalf by:

E J Hawkes
Director
J. A. HAWKES & SON LIMITED

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 31 January 2025
J. A. HAWKES & SON LIMITED

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 31 January 2025
1. Accounting policies

The principal accounting policies are summarised below. They have all been applied consistently throughout the financial year and to the preceding financial year, unless otherwise stated.

General information and basis of accounting

J. A. Hawkes & Son Limited (the Company) is a private company, limited by shares, incorporated in the United Kingdom under the Companies Act 2006 and is registered in England and Wales. The address of the Company's registered office is 99 High Street, Poole, Dorset, BH15 1AP, United Kingdom.

The financial statements have been prepared under the historical cost convention, modified to include the revaluation of freehold properties and to include investment properties and certain items at fair value, and in accordance with Section 1A of Financial Reporting Standard 102 (FRS 102) ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland’ issued by the Financial Reporting Council and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.

The financial statements are presented in pounds sterling which is the functional currency of the Company and rounded to the nearest £.

Turnover

Turnover represents amounts receivable from the letting of property.

Employee benefits

Defined contribution schemes
Payments to defined contribution retirement benefit schemes are charged as an expense as they fall due.

Taxation

Current tax
Current tax is provided at amounts expected to be paid (or recoverable) using the tax rates and laws that have been enacted or substantively enacted at the Balance Sheet date.

Deferred tax
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the Company's financial statements. Deferred tax is provided in full on timing differences which result in an obligation to pay more or less tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on tax rates and laws substantively enacted at the balance sheet date. Deferred tax assets and liabilities are not discounted.

Tangible fixed assets

Tangible fixed assets are stated at cost or valuation, net of depreciation and any provision for impairment. Depreciation is provided on all tangible fixed assets, other than investment property and freehold land, at rates calculated to write off the cost or valuation, less estimated residual value, of each asset on a basis over its expected useful life, as follows:

Vehicles 25 % reducing balance
Fixtures and fittings 4 years straight line
Office equipment 4 years straight line

Residual value represents the estimated amount which would currently be obtained from disposal of an asset, after deducting estimated costs of disposal, if the asset were already of the age and in the condition expected at the end of its useful life.

Impairment of assets

Assets, other than those measured at fair value, are assessed for indicators of impairment at each Balance Sheet date. If there is objective evidence of impairment, an impairment loss is recognised in the Statement of Income and Retained Earnings as described below.

Investment property

Investment property is initially recognised at cost, which includes the purchase cost and any directly attributable expenditure. Subsequently it is measured at fair value at each reporting date with changes in fair value recognised in profit or loss. Deferred taxation is provided on these gains at the rate expected to apply when the property is sold.

Financial instruments

Financial assets and financial liabilities are recognised when the Company becomes a party to the contractual provisions of the instrument.

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the Company after deducting all of its liabilities.

Financial assets and liabilities are only offset in the Balance Sheet when, and only when there exists a legally enforceable right to set off the recognised amounts and the Company intends either to settle on a net basis, or to realise the asset and settle the liability simultaneously.

Basic financial assets
Basic financial assets receivable within one year, such as trade debtors and bank balances, are measured at transaction price less any impairment.

Basic financial assets receivable within more than one year are measured at amortised cost less any impairment.

Financial assets are derecognised when and only when the contractual rights to the cash flows from the financial asset expire or are settled, or the Company transfers to another party substantially all of the risks and rewards of ownership of the financial asset, or the Company, despite having retained some, but not all, significant risks and rewards of ownership, has transferred control of the asset to another party.

Basic financial liabilities
Basic financial liabilities that have no stated interest rate and are payable within one year, such as trade creditors, are measured at transaction price.

Other basic financial liabilities are measured at amortised cost.

Financial liabilities are derecognised when the company’s contractual obligations expire or are discharged or cancelled.

Provisions

Provisions are recognised when the Company has a present obligation (legal or constructive) as a result of a past event, it is probable that the Company will be required to settle that obligation and a reliable estimate can be made of the amount of the obligation.

The amount recognised as a provision is the best estimate of the consideration required to settle the present obligation at the Balance Sheet date, taking into account the risks and uncertainties surrounding the obligation. Where a provision is measured using the cash flows estimated to settle the present obligation, its carrying amount is the present value of those cash flows (when the effect of the time value of money is material).

When some or all of the economic benefits required to settle a provision are expected to be recovered from a third party, a receivable is recognised as an asset if it is virtually certain that reimbursement will be received and the amount of the receivable can be measured reliably.

2. Employees

2025 2024
Number Number
Monthly average number of persons employed by the Company during the year, including directors 5 5

3. Tangible assets

Vehicles Fixtures and fittings Office equipment Total
£ £ £ £
Cost
At 01 February 2024 11,664 3,495 4,657 19,816
Disposals ( 11,664) 0 0 ( 11,664)
At 31 January 2025 0 3,495 4,657 8,152
Accumulated depreciation
At 01 February 2024 11,456 3,495 4,152 19,103
Charge for the financial year 35 0 290 325
Disposals ( 11,491) 0 0 ( 11,491)
At 31 January 2025 0 3,495 4,442 7,937
Net book value
At 31 January 2025 0 0 215 215
At 31 January 2024 208 0 505 713

4. Investment property

Investment property
£
Valuation
As at 01 February 2024 4,753,149
Disposals (1,417,999)
As at 31 January 2025 3,335,150

Valuation

Investment Properties class of fixed assets was revalued informally on 31 January 2023 by the directors. The basis of this valuation was on an open market basis. This class of assets has a current value of £3,335,150 (2024 - £4,753,149) and a carrying amount at historical cost of £1,465,378 (2024 - £1,489,320). The depreciation on this historical cost is £nil (2024 - £nil).

The last full revaluation of Investment Properties was carried out on 1 October 2012 by Rebbeck Brothers (Chartered Surveyors) who are external to the company. The basis of the valuation was on an open market value.,

5. Debtors

2025 2024
£ £
Trade debtors 4,334 14,125
Other debtors 11,432 2,428
15,766 16,553

6. Creditors: amounts falling due within one year

2025 2024
£ £
Bank loans 0 32,000
Taxation and social security 250,885 782
Other creditors 81,521 44,304
332,406 77,086

7. Creditors: amounts falling due after more than one year

2025 2024
£ £
Bank loans 0 895,648

8. Reserves

Included in the profit and loss reserve is £1,493,733 ( 2024 - £2,521,584) of non-distributable reserves.