IRIS Accounts Production v24.3.2.46 07356046 Board of Directors 1.9.23 31.8.24 31.8.24 false true false false true false Fair value model iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh073560462023-08-31073560462024-08-31073560462023-09-012024-08-31073560462022-08-31073560462022-09-012023-08-31073560462023-08-3107356046ns15:EnglandWales2023-09-012024-08-3107356046ns14:PoundSterling2023-09-012024-08-3107356046ns10:Director12023-09-012024-08-3107356046ns10:PrivateLimitedCompanyLtd2023-09-012024-08-3107356046ns10:SmallEntities2023-09-012024-08-3107356046ns10:AuditExempt-NoAccountantsReport2023-09-012024-08-3107356046ns10:SmallCompaniesRegimeForDirectorsReport2023-09-012024-08-3107356046ns10:SmallCompaniesRegimeForAccounts2023-09-012024-08-3107356046ns10:FullAccounts2023-09-012024-08-3107356046ns5:CurrentFinancialInstruments2024-08-3107356046ns5:CurrentFinancialInstruments2023-08-3107356046ns5:Non-currentFinancialInstruments2024-08-3107356046ns5:Non-currentFinancialInstruments2023-08-3107356046ns5:ShareCapital2024-08-3107356046ns5:ShareCapital2023-08-3107356046ns5:RevaluationReserve2024-08-3107356046ns5:RevaluationReserve2023-08-3107356046ns5:RetainedEarningsAccumulatedLosses2024-08-3107356046ns5:RetainedEarningsAccumulatedLosses2023-08-3107356046ns10:RegisteredOffice2023-09-012024-08-3107356046ns5:WithinOneYearns5:CurrentFinancialInstruments2024-08-3107356046ns5:WithinOneYearns5:CurrentFinancialInstruments2023-08-3107356046ns5:Secured2024-08-3107356046ns5:Secured2023-08-3107356046ns5:RevaluationReserve2023-08-31
REGISTERED NUMBER: 07356046 (England and Wales)














Unaudited Financial Statements

for the Year Ended 31 August 2024

for

Hawkstar Limited

Hawkstar Limited (Registered number: 07356046)






Contents of the Financial Statements
for the Year Ended 31 August 2024




Page

Balance Sheet 1

Notes to the Financial Statements 2


Hawkstar Limited (Registered number: 07356046)

Balance Sheet
31 August 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Investment property 4 595,000 570,000

CURRENT ASSETS
Debtors 5 2,038 2,038
Cash at bank 15,858 15,961
17,896 17,999
CREDITORS
Amounts falling due within one year 6 11,300 16,717
NET CURRENT ASSETS 6,596 1,282
TOTAL ASSETS LESS CURRENT LIABILITIES 601,596 571,282

CREDITORS
Amounts falling due after more than one year 7 (377,559 ) (377,559 )

PROVISIONS FOR LIABILITIES (47,379 ) (39,384 )
NET ASSETS 176,658 154,339

CAPITAL AND RESERVES
Called up share capital 4 4
Non-distributable Reserve 9 177,354 160,350
Retained earnings (700 ) (6,015 )
SHAREHOLDERS' FUNDS 176,658 154,339

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 August 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 August 2024 in accordance with Section 476 of the Companies Act 2006.

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.

The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Profit and Loss Account has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 27 March 2025 and were signed on its behalf by:





Miss S J Collett - Director


Hawkstar Limited (Registered number: 07356046)

Notes to the Financial Statements
for the Year Ended 31 August 2024

1. STATUTORY INFORMATION

Hawkstar Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address are as below:

Registered number: 07356046

Registered office: Flat 6
121 Chetwynd Road
London
NW5 1DA

The presentation currency of the financial statements is the Pound Sterling (£).


2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention as modified by the revaluation of certain assets.

Investment property
Investment properties are stated at open market value and are revalued periodically. Surpluses on individual properties are transferred to the revaluation reserve.

In accordance with the Financial Reporting Standard for Smaller Entities (effective April 2008), no depreciation is provided on investment properties. This accounting policy is a departure from the statutory accounting rules of Companies Act 2006 to provide depreciation on any fixed asset which has a useful economic life. In the opinion of the directors , this departure is necessary to provide a true and fair view. The financial effect of the departure from the statutory accounting rules cannot reasonably be quantified, as depreciation is only one of many factors taken into consideration in the valuation of investment properties and it is not practicable to identify it separately.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Profit and Loss Account, 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 3 (2023 - 3 ) .

Hawkstar Limited (Registered number: 07356046)

Notes to the Financial Statements - continued
for the Year Ended 31 August 2024

4. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 September 2023 570,000
Revaluations 25,000
At 31 August 2024 595,000
NET BOOK VALUE
At 31 August 2024 595,000
At 31 August 2023 570,000

Fair value at 31 August 2024 is represented by:
£   
Valuation in 2011 4,359
Valuation in 2012 14,000
Valuation in 2014 20,020
Valuation in 2015 20,980
Valuation in 2016 90,000
Valuation in 2019 30,374
Valuation in 2022 10,000
Valuation in 2023 10,000
Valuation in 2024 25,000
Cost 370,267
595,000

If investment property had not been revalued it would have been included at the following historical cost:

2024 2023
£    £   
Cost 370,267 370,267

Investment property was valued on fair basis on 31 August 2024 by the directors of the company .

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Other debtors 2,038 2,038

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Taxation and social security 63 -
Other creditors 11,237 16,717
11,300 16,717

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2024 2023
£    £   
Other creditors 377,559 377,559

Hawkstar Limited (Registered number: 07356046)

Notes to the Financial Statements - continued
for the Year Ended 31 August 2024

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR - continued
2024 2023
£    £   
Amounts falling due in more than five years:

Repayable by instalments
Other loans more 5yrs instal 377,559 377,559

8. SECURED DEBTS

The following secured debts are included within creditors:

2024 2023
£    £   
Other loans 377,559 377,559

The loan and mortgage is secured on the company's investment properties.

9. RESERVES
Non-distributable
Reserve
£   
At 1 September 2023 160,350
Property revaluation 17,004

At 31 August 2024 177,354