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Registration number: 02016936

Hawkfibre Limited

Unaudited Financial Statements

for the Year Ended 30 September 2024

Brebners
Chartered Accountants
1 Suffolk Way
Sevenoaks
Kent
TN13 1YL

 

Hawkfibre Limited

Statement of Financial Position as at 30 September 2024

Note

2024
£

2023
£

Fixed assets

 

Tangible assets

4

93,226

94,032

Current assets

 

Stocks

43,190

43,190

Debtors

5

598

-

Cash at bank and in hand

 

107,679

93,975

 

151,467

137,165

Creditors: Amounts falling due within one year

6

(94,476)

(89,709)

Net current assets

 

56,991

47,456

Net assets

 

150,217

141,488

Capital and reserves

 

Called up share capital

100

100

Retained earnings

150,117

141,388

Shareholders' funds

 

150,217

141,488

For the financial year ending 30 September 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and FRS 102 ‘The Financial Reporting Standard Applicable in the UK and Republic of Ireland’.

The directors have elected not to include a copy of the Income Statement within the financial statements, in accordance with the special provisions relating to companies subject to the small companies regime within the Companies Act 2006, section 444.

Approved and authorised by the Board on 11 June 2025 and signed on its behalf by:
 

.........................................

Mr O A Turner

Director

Company registration number: 02016936

 

Hawkfibre Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 September 2024

1

General information

The company is a private company limited by share capital, incorporated in England and Wales.

The address of its registered office is:
130 Shaftesbury Avenue
2nd Floor
London
W1D 5EU

The principal activity of the company is that of livestock farming.

2

Accounting policies

Statement of compliance

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' Section 1A and the Companies Act 2006.

Basis of preparation

These financial statements have been prepared using the historical cost convention except any items disclosed in the accounting policies as being shown at fair value and are presented in sterling, which is the functional currency of the entity.

Summary of significant accounting policies

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Going concern

The company had net assets at 30 September 2024 of £150,217 including cash at bank of £107,679. The company has continued to trade profitably subsequent to 30 September 2024.

After making enquiries, the director has a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. Accordingly the director has adopted the going concern basis for the preparation of these financial statements.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale livestock and other related activities in the ordinary course of the company's activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

The company recognises revenue from the sale of livestock on the date that the livestock is taken to market for sale, or the date of collection for a private sale.

The company recognises revenue from subsidies on the date on which the company is notified of its entitlement to economic benefit and in respect of other related activities, over the period to which they relate.

 

Hawkfibre Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 September 2024

Tax

The tax expense for the period comprises current tax. Tax is recognised in profit or loss, except that a charge attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

Tangible assets

Tangible assets are stated in the statement of financial position at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class

Depreciation method and rate

Freehold buildings

4% straight line

Motor vehicles

25% straight line

Plant and machinery

25% straight line

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Stocks

Stocks of homebred or home reared livestock are stated at the lower of deemed cost and where it is not possible to ascertain actual cost, net realisable value.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

Dividends

Dividend distribution to the company’s shareholders is recognised as a liability in the financial statements in the reporting period in which the dividends are declared.

3

Staff numbers

The average number of persons employed by the company during the year, was 1 (2023 - 1).

 

Hawkfibre Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 September 2024

4

Tangible assets

Land and buildings
£

Motor vehicles
 £

Plant and machinery
£

Total
£

Cost or valuation

At 1 October 2023

175,524

31,882

68,121

275,527

At 30 September 2024

175,524

31,882

68,121

275,527

Depreciation

At 1 October 2023

81,492

31,882

68,121

181,495

Charge for the year

806

-

-

806

At 30 September 2024

82,298

31,882

68,121

182,301

Carrying amount

At 30 September 2024

93,226

-

-

93,226

At 30 September 2023

94,032

-

-

94,032

5

Debtors

2024
£

2023
£

Other debtors

598

-

598

-

6

Creditors

Creditors: amounts falling due within one year

2024
£

2023
£

Taxation and social security

2,423

575

Accruals and deferred income

2,800

2,800

Other creditors

89,253

86,334

94,476

89,709