Caseware UK (AP4) 2024.0.164 2024.0.164 2024-05-312024-05-312025-05-2022023-06-01falseNo description of principal activity2falsetrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.false 12509674 2023-06-01 2024-05-31 12509674 2022-06-01 2023-05-31 12509674 2024-05-31 12509674 2023-05-31 12509674 c:Director1 2023-06-01 2024-05-31 12509674 c:Director2 2023-06-01 2024-05-31 12509674 c:RegisteredOffice 2023-06-01 2024-05-31 12509674 d:FreeholdInvestmentProperty 2024-05-31 12509674 d:FreeholdInvestmentProperty 2023-05-31 12509674 d:FreeholdInvestmentProperty 2 2023-06-01 2024-05-31 12509674 d:CurrentFinancialInstruments 2024-05-31 12509674 d:CurrentFinancialInstruments 2023-05-31 12509674 d:Non-currentFinancialInstruments 2024-05-31 12509674 d:Non-currentFinancialInstruments 2023-05-31 12509674 d:CurrentFinancialInstruments d:WithinOneYear 2024-05-31 12509674 d:CurrentFinancialInstruments d:WithinOneYear 2023-05-31 12509674 d:Non-currentFinancialInstruments d:AfterOneYear 2024-05-31 12509674 d:Non-currentFinancialInstruments d:AfterOneYear 2023-05-31 12509674 d:Non-currentFinancialInstruments d:BetweenTwoFiveYears 2024-05-31 12509674 d:Non-currentFinancialInstruments d:BetweenTwoFiveYears 2023-05-31 12509674 d:ShareCapital 2024-05-31 12509674 d:ShareCapital 2023-05-31 12509674 d:RetainedEarningsAccumulatedLosses 2023-06-01 2024-05-31 12509674 d:RetainedEarningsAccumulatedLosses 2024-05-31 12509674 d:RetainedEarningsAccumulatedLosses 2023-05-31 12509674 c:FRS102 2023-06-01 2024-05-31 12509674 c:AuditExempt-NoAccountantsReport 2023-06-01 2024-05-31 12509674 c:FullAccounts 2023-06-01 2024-05-31 12509674 c:PrivateLimitedCompanyLtd 2023-06-01 2024-05-31 12509674 f:PoundSterling 2023-06-01 2024-05-31 iso4217:GBP xbrli:pure
Company registration number: 12509674







UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED
31 MAY 2024


HAWKE AND PARKER HOUSE LIMITED






































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HAWKE AND PARKER HOUSE LIMITED
 


 
COMPANY INFORMATION


Directors
S C Philpot 
M P Ruckwood 




Registered number
12509674



Registered office
Magna House
18-32 London Road

Staines-Upon-Thames

Surrey

TW18 4BP




Trading Address
Milewood House
Hightown Hill

Ringwood

Hampshire

BH24 3HE






Accountants
Menzies LLP
Chartered Accountants

Magna House

18-32 London Road

Staines-Upon-Thames

TW18 4BP





 


HAWKE AND PARKER HOUSE LIMITED
 



CONTENTS



Page
Statement of financial position
1 - 2
Notes to the financial statements
3 - 7


 


HAWKE AND PARKER HOUSE LIMITED
REGISTERED NUMBER:12509674



STATEMENT OF FINANCIAL POSITION
AS AT 31 MAY 2024

2024
2023
Note
£
£

Fixed assets
  

Investment property
 4 
33,029,000
20,000,000

  
33,029,000
20,000,000

Current assets
  

Debtors: amounts falling due within one year
 5 
326,238
76,492

Cash at bank and in hand
  
93,494
23,562

  
419,732
100,054

Creditors: amounts falling due within one year
 6 
(4,647,945)
(4,700,282)

Net current liabilities
  
 
 
(4,228,213)
 
 
(4,600,228)

Total assets less current liabilities
  
28,800,787
15,399,772

Creditors: amounts falling due after more than one year
 7 
(9,926,000)
(9,500,000)

Provisions for liabilities
  

Deferred tax
  
(4,768,936)
(1,511,686)

  
 
 
(4,768,936)
 
 
(1,511,686)

Net assets
  
14,105,851
4,388,086


Capital and reserves
  

Called up share capital 
  
1,000
1,000

Profit and loss account
 9 
14,104,851
4,387,086

  
14,105,851
4,388,086


Page 1

 


HAWKE AND PARKER HOUSE LIMITED
REGISTERED NUMBER:12509674


    
STATEMENT OF FINANCIAL POSITION (CONTINUED)
AS AT 31 MAY 2024

The directors consider that the company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and in accordance with the provisions of FRS 102 Section 1A - small entities.

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

The company has opted not to file the statement of income and retained earnings in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf by: 




S C Philpot
Director

Date: 20 May 2025

The notes on pages 3 to 7 form part of these financial statements.

Page 2

 


HAWKE AND PARKER HOUSE LIMITED
 


 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MAY 2024

1.


General information

Hawke and Parker House Limited is a private company, limited by shares, registered in England and Wales. The company's registered number, registered office and principal place of business can be found on the Company Information page.
The presentation currency of the financial statements is the Pound Sterling (£).

2.Accounting policies

 
2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with FRS 102 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland' and the requirements of the Companies Act 2006. The disclosure requirements of Section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The following principal accounting policies have been applied:

 
2.2

Going concern

The financial statements are prepared on a going concern basis, no significat judgements or estimates have been used by management is assessing the appropriateness of going concern.

 
2.3

Revenue

Revenue is generated from the rental of investment property and is recognised to the extent that it is probable that the economic benefits will flow to the company and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. 

 
2.4

Finance costs

Finance costs are charged to profit or loss over the term of the debt using the effective interest method so that the amount charged is at a constant rate on the carrying amount. Issue costs are initially recognised as a reduction in the proceeds of the associated capital instrument.

 
2.5

Borrowing costs

All borrowing costs are recognised in profit or loss in the year in which they are incurred.

 
2.6

Investment property

Investment property is carried at fair value determined annually and derived from the current market rents and investment property yields for comparable real estate, adjusted if necessary for any difference in the nature, location or condition of the specific asset. No depreciation is provided. Changes in fair value are recognised in profit or loss.

 
2.7

Provisions for liabilities

Provisions are recognised when an event has taken place that gives rise to a legal or constructive obligation, a transfer of economic benefits is probable and a reliable estimate can be made.
Provisions are measured as the best estimate of the amount required to settle the obligation, taking into account the related risks and uncertainties.
 
Increases in provisions are generally charged as an expense to profit or loss.

Page 3

 


HAWKE AND PARKER HOUSE LIMITED
 


 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MAY 2024

2.Accounting policies (continued)

 
2.8

Financial instruments

The company has elected to apply the provisions of Section 11 “Basic Financial Instruments” of FRS 102 to all of its financial instruments.

Basic financial assets

Basic financial assets, which include trade and other debtors, cash and bank balances, are initially measured at their transaction price (adjusted for transaction costs except in the initial measurement of financial assets that are subsequently measured at fair value through profit and loss) and are subsequently carried at their amortised cost using the effective interest method, less any provision for impairment, 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.

Discounting is omitted where the effect of discounting is immaterial. The company's cash and cash equivalents, trade and most other debtors due with the operating cycle fall into this category of financial instruments.


3.


Employees

The average monthly number of employees, including directors, during the year was 2 (2023 - 2).

Page 4

 


HAWKE AND PARKER HOUSE LIMITED
 


 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MAY 2024

4.


Investment property


Freehold investment property

£



Valuation


At 1 June 2023
20,000,000


Surplus on revaluation
13,029,000



At 31 May 2024
33,029,000

The May 2024 valuations were made by a land consultant, on an open market value for existing use basis.

2024
2023
£
£

Revaluation reserves


Investment property revaluations net of deferred tax
14,306,807
4,535,057

At 31 May 2024
14,306,807
4,535,057



If the Investment properties had been accounted for under the historic cost accounting rules, the properties would have been measured as follows:

2024
2023
£
£


Historic cost
13,953,257
13,953,257

13,953,257
13,953,257

Page 5

 


HAWKE AND PARKER HOUSE LIMITED
 


 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MAY 2024

5.


Debtors

2024
2023
£
£


Trade debtors
375
-

Other debtors
299,514
43,000

Prepayments and accrued income
26,349
33,492

326,238
76,492



6.


Creditors: Amounts falling due within one year

2024
2023
£
£

Bank overdrafts
89,452
-

Trade creditors
48,762
43,206

Corporation tax
-
57,828

Other creditors
4,459,311
4,526,090

Accruals and deferred income
50,420
73,158

4,647,945
4,700,282



7.


Creditors: Amounts falling due after more than one year

2024
2023
£
£

Bank loans
9,926,000
9,500,000

9,926,000
9,500,000


The bank loan is secured over the investment properties of the company.  The direct S C Philpot, a director, has also provided a personal guarantee in relation to the above amount.

Page 6

 


HAWKE AND PARKER HOUSE LIMITED
 


 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MAY 2024

8.


Loans


Analysis of the maturity of loans is given below:


2024
2023
£
£



Amounts falling due 2-5 years

Bank loans
9,926,000
9,500,000


9,926,000
9,500,000


9,926,000
9,500,000



9.


Reserves

Profit and loss account

Inculuded in the profit and loss reserves are non distributable reserves attributable to investment property revaluations of £14,306,807 (2023 - £4,535,057). This consists of £19,075,743 (2023 - £6,046,743) of property revaluations less £4,768,936 (2023 - £1,511,686) of deferred tax provided on the revaluations.


10.


Related party transactions

Included in debtors is £238,325 (2023 - £43,000) of funding provided to related party businesses in which the directors have a participating interest.
Included in creditors is £4,452,611 (2023 - Nil) of funding received from related party businesses in which the directors have a participating interest.

 
Page 7