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REGISTERED NUMBER: 09966607 (England and Wales)















Financial Statements for the Year Ended 31 December 2023

for

HAWK PLATFORM LTD

HAWK PLATFORM LTD (Registered number: 09966607)






Contents of the Financial Statements
for the Year Ended 31 December 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


HAWK PLATFORM LTD

Company Information
for the Year Ended 31 December 2023







DIRECTOR: M A Ferreira





SECRETARY: Pramex International Ltd





REGISTERED OFFICE: Unit 4.5 The Loom
14 Gower's Walk
London
E1 8PY





REGISTERED NUMBER: 09966607 (England and Wales)





AUDITORS: Constantin
Chartered Accountants and Statutory
Auditors
25 Hosier Lane
London
EC1A 9LQ

HAWK PLATFORM LTD (Registered number: 09966607)

Balance Sheet
31 December 2023

31.12.23 31.12.22
Notes £    £    £   
FIXED ASSETS
Tangible assets 4 10,582 16,084

CURRENT ASSETS
Debtors 5 32,641,828 15,549,796
Cash at bank 219,206 110,403
32,861,034 15,660,199
CREDITORS
Amounts falling due within one year 6 28,638,031 13,694,933
NET CURRENT ASSETS 4,223,003 1,965,266
TOTAL ASSETS LESS CURRENT
LIABILITIES

4,233,585

1,981,350

CREDITORS
Amounts falling due after more than
one year

7

2,524,636

-
NET ASSETS 1,708,949 1,981,350

CAPITAL AND RESERVES
Called up share capital 10 1,000 1,000
Retained earnings 1,707,949 1,980,350
SHAREHOLDERS' FUNDS 1,708,949 1,981,350

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 director and authorised for issue on 5 May 2025 and were signed by:





M A Ferreira - Director


HAWK PLATFORM LTD (Registered number: 09966607)

Notes to the Financial Statements
for the Year Ended 31 December 2023

1. STATUTORY INFORMATION

HAWK PLATFORM 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.

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 the provisions of Section 1A "Small Entities" of Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention and amounts are rounded to the nearest £.

Related party exemption
The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group.

Significant judgements and estimates
In the application of the company's accounting policies, the directors are required to make judgements, estimates and assumptions about the carrying amount of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions are based on historical experience and other factor that are considered to be relevant. Actual results may differ from these estimates.

The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised where the revision affects only that period, or in the period of the revision and future periods where the revision affects both current and future periods.

In the directors' view there are no key judgements or sources of estimation uncertainty that are required to be disclosed in these financial statements.

Turnover
Turnover represents amounts receivable, under contracts for services, net of Value Added Tax. Turnover is recognised to the extent that there is a right to consideration and is recorded at the value of the consideration due. Where a contract has only been partially completed at the balance sheet date turnover represents the value of the service provided to date based on a proportion of the total expected consideration at completion.

Where invoices are raised for customers in advance of services provided, the amounts are recorded as Deferred Income and included as part of Creditors due within one year.

Where services are provided in advance of the invoice being raised, the amounts are recorded as Accrued Income and included as part of Debtors receivable within one year.

HAWK PLATFORM LTD (Registered number: 09966607)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2023

2. ACCOUNTING POLICIES - continued

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Computer equipment - 33% on cost

Financial instruments
The company has elected to apply the provisions of Section 11 ‘Basic Financial Instruments’ and Section 12 ‘Other Financial Instruments Issues’ of FRS 102 to all of its financial instruments.

Financial instruments are recognized in the company's balance sheet when the company becomes party to the contractual provisions of the instrument.

Financial assets and liabilities are offset , with the net amounts presented in the financial statements , when there is a legally enforceable right to set off the recognized 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 debtors, supplier deposits accrued income, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Financial assets classified as receivable within one year are not amortised.

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 deducting all of its liabilities.

Basic financial liabilities
Basic financial liabilities, including creditors, accrued expenses, taxes and loans from fellow group companies are initially recognized at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future payments discounted at a market rate of interest. Financial liabilities classified as payable within one year are not amortised.

Debt instruments are subsequently carried at amortised cost, using the effective interest rate method.

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Amounts payable are classified as current liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities. Trade creditors are recognized initially at transaction price and subsequently measured at amortised cost using the effective interest method.


HAWK PLATFORM LTD (Registered number: 09966607)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2023

2. ACCOUNTING POLICIES - continued
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.

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.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Pension costs and 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.

Basis other than going concern
The company ceased trading from 1st May 2024 and therefore became dormant. In light of this the financial statements have been prepared on the basis other than going concern.

Employee benefits
The costs of short-term employee benefits are recognised as a liability and an expense, unless those costs are required to be recognised as part of the cost of stock or fixed assets.

The cost of any unused holiday entitlement is recognised in the period in which the employee’s services are received.

Termination benefits are recognised immediately as an expense when the company is demonstrably committed to terminate the employment of an employee or to provide termination benefits.

HAWK PLATFORM LTD (Registered number: 09966607)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2023

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 31 (2022 - 25 ) .

4. TANGIBLE FIXED ASSETS
Fixtures
and Computer
fittings equipment Totals
£    £    £   
COST
At 1 January 2023 358 35,787 36,145
Additions - 4,819 4,819
At 31 December 2023 358 40,606 40,964
DEPRECIATION
At 1 January 2023 89 19,972 20,061
Charge for year 120 10,201 10,321
At 31 December 2023 209 30,173 30,382
NET BOOK VALUE
At 31 December 2023 149 10,433 10,582
At 31 December 2022 269 15,815 16,084

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.23 31.12.22
£    £   
Trade debtors 6,086,288 4,351,535
Amounts owed by group undertakings 25,941,628 10,884,275
Other debtors 309,563 57,600
Accrued income 302,786 254,632
Prepayments 1,563 1,754
32,641,828 15,549,796

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.23 31.12.22
£    £   
Trade creditors 14,574,738 214,858
Amounts owed to group undertakings 528,367 11,929,933
Corporation Tax 24 240,537
Social security and other taxes 250,022 43,918
VAT 959,850 855,086
Other creditors 12,551 14,518
Accruals 12,312,479 396,083
28,638,031 13,694,933

HAWK PLATFORM LTD (Registered number: 09966607)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2023

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN
ONE YEAR
31.12.23 31.12.22
£    £   
Bank loans (see note 8) 2,519,636 -
Accruals and deferred income 5,000 -
2,524,636 -

8. LOANS

An analysis of the maturity of loans is given below:

31.12.23 31.12.22
£    £   
Amounts falling due between two and five years:
Bank loans - 2-5 years 2,519,636 -

9. LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:
31.12.23 31.12.22
£    £   
Within one year - 27,000

10. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.12.23 31.12.22
value: £    £   
1,000 Ordinary £1 1,000 1,000

11. DISCLOSURE UNDER SECTION 444(5B) OF THE COMPANIES ACT 2006

The Report of the Auditors was unqualified.

Peter Smith FCA (Senior Statutory Auditor)
for and on behalf of Constantin

12. ULTIMATE CONTROLLING PARTY

The immediate parent company is Azerion Tech Holdings BV, a company registered in Netherlands. The ultimate parent company is Principle Holdings BV, a company registered in Netherlands.