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REGISTERED NUMBER: 08615051 (England and Wales)













Unaudited Financial Statements

for the Year Ended 31st July 2024

for

Paula Hawkins Limited

Paula Hawkins Limited (Registered number: 08615051)

Contents of the Financial Statements
for the Year Ended 31st July 2024










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Paula Hawkins Limited

Company Information
for the Year Ended 31st July 2024







DIRECTOR: Ms P B Hawkins





REGISTERED OFFICE: Sovereign House
155 High Street
Aldershot
Hampshire
GU11 1TT





REGISTERED NUMBER: 08615051 (England and Wales)





ACCOUNTANTS: Whiteleys
Chartered Certified Accountants
Sovereign House
155 High Street
Aldershot
Hampshire
GU11 1TT

Paula Hawkins Limited (Registered number: 08615051)

Balance Sheet
31st July 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 2,221 1,414
Investments 5 2,281,642 2,258,010
Investment property 6 2,153,308 1,739,050
4,437,171 3,998,474

CURRENT ASSETS
Debtors 7 749,556 316,787
Investments 8 9,904,551 9,904,551
Cash at bank 4,279,544 4,481,027
14,933,651 14,702,365
CREDITORS
Amounts falling due within one year 9 817,722 178,433
NET CURRENT ASSETS 14,115,929 14,523,932
TOTAL ASSETS LESS CURRENT
LIABILITIES

18,553,100

18,522,406

PROVISIONS FOR LIABILITIES 555 -
NET ASSETS 18,552,545 18,522,406

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 18,552,445 18,522,306
SHAREHOLDERS' FUNDS 18,552,545 18,522,406

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

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

The director acknowledges her 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.

Paula Hawkins Limited (Registered number: 08615051)

Balance Sheet - continued
31st July 2024


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 Statement of Comprehensive Income has not been delivered.

The financial statements were approved by the director and authorised for issue on 7th April 2025 and were signed by:





Ms P B Hawkins - Director


Paula Hawkins Limited (Registered number: 08615051)

Notes to the Financial Statements
for the Year Ended 31st July 2024


1. STATUTORY INFORMATION

Paula Hawkins Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

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.

Turnover
Turnover includes royalties and royalty advances received in respect of books and other rights. These are recognised as they fall due to the extent that they are expected to be received.

Turnover is measured at the fair value of the consideration received or receivable and represents amounts receivable for goods supplied and services rendered, stated net of discounts and of Value Added Tax.

The company recognises revenue when the amount of revenue can be measured reliably, when it is probable that future economic benefits will flow to the entity.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Furniture & fixtures - 33% on reducing balance
Office equipment - 33% on reducing balance

Investment property
Investment property is initially recorded at cost, which includes purchase price and any directly
attributable expenditure

Investment properties for which a fair value can be reliably measured without undue cost or effort
are measured at fair value at each reporting date and any changes in fair value are recognised in
profit or loss.

Investments
Investments in works of art are initially recorded at cost. Because of the difficulty in reliably
measuring the fair value of such assets they are subsequently stated at cost less any
accumulated impairment.

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.


Paula Hawkins Limited (Registered number: 08615051)

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


2. ACCOUNTING POLICIES - continued
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.

Foreign currencies
Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result.

Financial instruments
The company only enters into basic financial instruments transactions that result in the recognition of financial assets and liabilities like trade and other accounts receivable and payable, loans from banks and other third parties, loans to related parties and investments in non-puttable ordinary shares.

Financial assets that are measured at cost and amortised cost are assessed at the end of each reporting period for objective evidence of impairment. If objective evidence of impairment is found, an impairment loss is recognised in profit or loss.

For financial assets measured at amortised cost, the impairment loss is measured as the difference between an asset's carrying amount and the present value of estimated cash flows discounted at the asset's original effective interest rate. If a financial asset has a variable interest rate, the discount rate for measuring any impairment loss is the current effective interest rate determined under the contract.

For financial assets measured at cost less impairment, the impairment loss is measured as the difference between an asset's carrying amount and the best estimate, which is an approximation, of the amount that the company would receive for the asset if it were to be sold at the reporting date.

Financial assets and liabilities are offset and the net amount reported in the statement of financial position when there is an enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

Paula Hawkins Limited (Registered number: 08615051)

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


2. ACCOUNTING POLICIES - continued

Impairment of non-financial assets
At each reporting date non-financial assets not carried at fair value, like goodwill and plant, property and equipment, are reviewed to determine whether there is an indication that an asset may be impaired. If there is an indication of possible impairment, the recoverable amount of any asset or group of related assets, which is the higher of value in use and the fair value less cost to sell, is estimated and compared with its carrying amount. If the recoverable amount is lower, the carrying amount of the asset is reduced to its recoverable amount and an impairment loss is recognised immediately in profit or loss.

Stocks are also assessed for impairment at each reporting date. The carrying amount of each item of stock, or group of similar items, is compared with its selling price less costs to complete and sell. If an item of stock or group of similar items is impaired, its carrying amount is reduced to selling price less costs to complete and sell, and an impairment loss is recognised immediately in profit or loss.

If an impairment loss is subsequently reversed, the carrying amount of the asset or group of related assets is increased to the revised estimate of its recoverable amount, but not to exceed the amount that would have been determined had no impairment loss been recognised for the asset or group of related assets in prior periods. A reversal of an impairment loss is recognised immediately in profit or loss.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2023 - 1 ) .

4. TANGIBLE FIXED ASSETS
Furniture Office
& fixtures equipment Totals
£    £    £   
COST
At 1st August 2023 8,055 5,148 13,203
Additions - 1,916 1,916
At 31st July 2024 8,055 7,064 15,119
DEPRECIATION
At 1st August 2023 7,428 4,361 11,789
Charge for year 209 900 1,109
At 31st July 2024 7,637 5,261 12,898
NET BOOK VALUE
At 31st July 2024 418 1,803 2,221
At 31st July 2023 627 787 1,414

Paula Hawkins Limited (Registered number: 08615051)

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


5. FIXED ASSET INVESTMENTS
Other
investments
£   
COST
At 1st August 2023 2,258,010
Additions 23,632
At 31st July 2024 2,281,642
NET BOOK VALUE
At 31st July 2024 2,281,642
At 31st July 2023 2,258,010

Other investments comprise works of art which are stated at cost in accordance with the
accounting policy.

6. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1st August 2023 1,739,050
Additions 414,258
At 31st July 2024 2,153,308
NET BOOK VALUE
At 31st July 2024 2,153,308
At 31st July 2023 1,739,050

The director considers that a professional valuation at this time would involve unnecessary cost
as there had been little or no change in the value of the properties since they were acquired.

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 1,443 2,005
Other debtors 748,113 314,782
749,556 316,787

8. CURRENT ASSET INVESTMENTS
2024 2023
£    £   
Other investments 9,904,551 9,904,551

Paula Hawkins Limited (Registered number: 08615051)

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


9. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade creditors 562 2,103
Taxation and social security 678,998 12,512
Other creditors 138,162 163,818
817,722 178,433