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REGISTERED NUMBER: 08808475 (England and Wales)





UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED

30TH NOVEMBER 2024

FOR

JS & CP HAWKINS LTD

JS & CP HAWKINS LTD (REGISTERED NUMBER: 08808475)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30TH NOVEMBER 2024










Page

Company information 1

Balance sheet 2

Notes to the financial statements 4


JS & CP HAWKINS LTD

COMPANY INFORMATION
FOR THE YEAR ENDED 30TH NOVEMBER 2024







Directors: C P Hawkins
J S Hawkins





Registered office: Thingehill Court
Withington
Hereford
HR1 3QG





Registered number: 08808475 (England and Wales)

JS & CP HAWKINS LTD (REGISTERED NUMBER: 08808475)

BALANCE SHEET
30TH NOVEMBER 2024

30.11.24 30.11.23
Notes £ £ £
Fixed assets
Tangible assets 4 161,416 189,600
Investments 5 743,700 -
Investment property 6 2,646,336 2,600,000
3,551,452 2,789,600

Current assets
Stocks 7 208,245 210,477
Debtors 8 325,314 250,329
Cash at bank and in hand 1,246,988 993,336
1,780,547 1,454,142
Creditors
Amounts falling due within one year 9 971,456 258,638
Net current assets 809,091 1,195,504
Total assets less current liabilities 4,360,543 3,985,104

Creditors
Amounts falling due after more than one
year

10

(802,657

)

(884,666

)

Provisions for liabilities 12 (200,300 ) (207,200 )
Net assets 3,357,586 2,893,238

JS & CP HAWKINS LTD (REGISTERED NUMBER: 08808475)

BALANCE SHEET - continued
30TH NOVEMBER 2024

30.11.24 30.11.23
Notes £ £ £
Capital and reserves
Called up share capital 13 1,000 1,000
Fair value reserve 488,259 488,259
Retained earnings 2,868,327 2,403,979
Shareholders' funds 3,357,586 2,893,238

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30th November 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30th November 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 Income statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 6th May 2025 and were signed on its behalf by:





J S Hawkins - Director


JS & CP HAWKINS LTD (REGISTERED NUMBER: 08808475)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30TH NOVEMBER 2024


1. Statutory information

JS & CP Hawkins Ltd 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.

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.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets
Tangible fixed assets are stated in the Balance Sheet at cost less depreciation .

Depreciation is provided at the following rates on the straight line method in order to write off each asset over its estimated useful life:

Short leaseholdOver 15 years
Plant & machinery10% - 20%

Investments in associates
Investments in associate undertakings are recognised at cost.

Investment property
Investment properties are shown at the most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in the profit and loss account.

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

JS & CP HAWKINS LTD (REGISTERED NUMBER: 08808475)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30TH NOVEMBER 2024


2. Accounting policies - continued

Financial instruments
The company has elected to apply the provisions of Section 11 'Basic Financial Instruments' and 'Other Financial Instruments Issues' of FRS102 to all of its financial instruments.
Financial instruments are recognised in the company's statement of financial position when the company becomes party to the contractual provisions of the instrument.
Financial assets and liabilities are offset and the net amounts presented in the financial statements when there is a legally 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.

Basic financial assets
Basic financial assets, which include trade and other receivables and cash and bank balances, 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.

Other financial assets
Other financial assets, including investments in equity instruments which are not subsidiaries, associates or joint ventures, are initially measured at fair value, which is normally the transaction price. Such assets are subsequently carried at fair value and the changes in fair value are recognised in profit or loss, except that investments in equity instruments that are not publicly traded and whose fair values cannot be measured reliably are measured at the cost less impairment.

Impairment of financial assets
Financial assets, other than those held at fair value through profit and loss, are assessed for indicators of impairment at each reporting date.
Financial assets are impaired where there is objective evidence that, as a result of one or more events that occurred after initial recognition of the financial asset, the estimated future cash flows have been affected. If an asset is impaired, the impairment loss is the difference between the carrying amount and the present value of the estimated cash flows discounted at the assets original effective interest rate. The impairment loss is recognised in profit or loss.
If there is a decrease in the impairment loss arising from an event occurring after the impairment was recognised, the impairment is reversed. The reversal is such that the current carrying amount does not exceed what the carrying amount would have been, had the impairment not previously been recognised. The impairment reversal is recognised in profit or loss.

Derecognition of financial assets
Financial assets are derecognised only when the contractual rights to the cash flows from the asset expire or are settled, or if some significant risks and rewards of ownership are retained but control of the asset has transferred to another party that is able to sell the asset in its entirety to an unrelated third party.

Classification of financial liabilities
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 deducing all of its liabilities.

JS & CP HAWKINS LTD (REGISTERED NUMBER: 08808475)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30TH NOVEMBER 2024


2. Accounting policies - continued
Basic financial liabilities, including trade and other payables are measured at the transaction price. Other financial liabilities, including bank loans and preference shares that are classified as debt, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

Other financial liabilities
Derivatives, including interest rate swaps and forward foreign exchange contracts, are not basic financial instruments. Derivatives are initially recognised at fair value on the date a derivative contract is entered into and are subsequently re-measured at their fair value. Changes in the fair value of derivatives are recognised in profit or loss in finance costs or finance income as appropriate, unless hedge accounting is applied and the hedge is a cash flow hedge.

Derecognition of financial liabilities
Financial liabilities are derecognised when the company's contractual obligations expire or are discharged or cancelled.

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.

Research & development
Expenditure on research and development is written off in the year in which it is incurred.


Pension costs & other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3. Employees (including directors)

The average number of employees during the year was 7 (2023 - 6 ) .

JS & CP HAWKINS LTD (REGISTERED NUMBER: 08808475)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30TH NOVEMBER 2024


4. Tangible fixed assets
Short Plant &
leasehold machinery Totals
£ £ £
Cost
At 1st December 2023 353,923 383,336 737,259
Additions - 5,125 5,125
At 30th November 2024 353,923 388,461 742,384
Depreciation
At 1st December 2023 190,596 357,063 547,659
Charge for year 23,863 9,446 33,309
At 30th November 2024 214,459 366,509 580,968
Net book value
At 30th November 2024 139,464 21,952 161,416
At 30th November 2023 163,327 26,273 189,600

5. Fixed asset investments
Interest in
associate
£
Cost
Additions 743,700
At 30th November 2024 743,700
Net book value
At 30th November 2024 743,700

The company's investments at the Balance sheet date in the share capital of companies include the following:

Associated company

Silvale Limited
Registered office: Thingehill, Withington, Hereford, HR1 3QG
Nature of business: Investment property
%
Class of shares: holding
Ordinary shares 25.00
31.7.24
£
Aggregate capital and reserves 3,228,231

JS & CP HAWKINS LTD (REGISTERED NUMBER: 08808475)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30TH NOVEMBER 2024


6. Investment property
Total
£
Fair value
At 1st December 2023 2,600,000
Additions 46,336
At 30th November 2024 2,646,336
Net book value
At 30th November 2024 2,646,336
At 30th November 2023 2,600,000

The investment properties were revalued on the basis of open market value as at 30.11.2023, by the Directors.

The Directors consider this valuation to be the fair value of the investment properties as at 30.11.2024.

Fair value at 30th November 2024 is represented by:
£
Valuation in 2017 250,959
Valuation in 2023 400,000
Cost 1,995,377
2,646,336

7. Stocks
30.11.24 30.11.23
£ £
Stocks 208,245 210,477

8. Debtors: amounts falling due within one year
30.11.24 30.11.23
£ £
Trade debtors 115,440 82,133
Other debtors 204,999 79,399
Corporation tax refundable - 8,416
Amount due by related parties 4,875 80,381
325,314 250,329

JS & CP HAWKINS LTD (REGISTERED NUMBER: 08808475)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30TH NOVEMBER 2024


9. Creditors: amounts falling due within one year
30.11.24 30.11.23
£ £
Bank loans 58,240 55,922
Trade creditors 35,489 26,739
Corporation tax 121,400 145,600
Social security & other tax 2,576 8,987
Other creditors 9,006 6,269
Amount due to related parties 744,745 15,121
971,456 258,638

10. Creditors: amounts falling due after more than one year
30.11.24 30.11.23
£ £
Bank loans - two to five years 257,203 246,762
Bank loans more than five years 85,526 154,207
Directors' loan accounts 459,928 483,697
802,657 884,666

Amounts falling due in more than five years:

Repayable by instalments
Bank loans more than five years 85,526 154,207

11. Secured debts

The following secured debts are included within creditors:

30.11.24 30.11.23
£ £
Bank loans 400,969 456,891

The bank loan is secured on the assets of the company.

12. Provisions for liabilities
30.11.24 30.11.23
£ £
Deferred tax
Deferred tax 37,500 44,500
Investment property revalue 162,800 162,700
200,300 207,200

JS & CP HAWKINS LTD (REGISTERED NUMBER: 08808475)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30TH NOVEMBER 2024


12. Provisions for liabilities - continued

Deferred tax
£
Balance at 1st December 2023 207,200
Utilised during year (6,900 )
Balance at 30th November 2024 200,300

13. Called up share capital

Allotted, issued and fully paid:
Number: Class: Nominal 30.11.24 30.11.23
value: £ £
1,000 Ordinary shares £1 1,000 1,000

14. Contingent liabilities & lease commitments

There were no contingent liabilities or lease commitments at 30th November 2024.

15. Related party disclosures

The Directors

During the year, the directors used a current account with the company to record amounts due to them and amounts drawn by them. The balance at the end of the year was £459,928 (2023: £483,697) owed by the company, which is considered to be due in more than one year.

Transactions with related parties

The following transactions with related parties took place during the year, on normal commercial terms:



Sales

Purchases

Loans
Debtor
balance
Creditor
balance
£   £   £   £   £   
Common key management personnel entities26,90619,131740,0004,875744,745

Loans were made interest free and payable on demand.