Acorah Software Products - Accounts Production 16.4.675 false true 31 December 2023 1 January 2023 false 1 January 2024 31 December 2024 31 December 2024 SC390736 Mr R T Stevenson Mr M A Holt iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure SC390736 2023-12-31 SC390736 2024-12-31 SC390736 2024-01-01 2024-12-31 SC390736 frs-core:ShareCapital 2024-12-31 SC390736 frs-core:RetainedEarningsAccumulatedLosses 2024-12-31 SC390736 frs-bus:PrivateLimitedCompanyLtd 2024-01-01 2024-12-31 SC390736 frs-bus:FilletedAccounts 2024-01-01 2024-12-31 SC390736 frs-bus:SmallEntities 2024-01-01 2024-12-31 SC390736 frs-bus:AuditExemptWithAccountantsReport 2024-01-01 2024-12-31 SC390736 frs-bus:SmallCompaniesRegimeForAccounts 2024-01-01 2024-12-31 SC390736 frs-bus:OrdinaryShareClass1 2024-01-01 2024-12-31 SC390736 frs-bus:OrdinaryShareClass1 2024-12-31 SC390736 frs-core:CostValuation 2023-12-31 SC390736 frs-core:CostValuation 2024-12-31 SC390736 frs-core:ProvisionsForImpairmentInvestments 2023-12-31 SC390736 frs-core:ProvisionsForImpairmentInvestments 2024-12-31 SC390736 frs-bus:Director1 2024-01-01 2024-12-31 SC390736 frs-bus:Director2 2024-01-01 2024-12-31 SC390736 frs-countries:Scotland 2024-01-01 2024-12-31 SC390736 2022-12-31 SC390736 2023-12-31 SC390736 2023-01-01 2023-12-31 SC390736 frs-core:ShareCapital 2023-12-31 SC390736 frs-core:RetainedEarningsAccumulatedLosses 2023-12-31 SC390736 frs-bus:OrdinaryShareClass1 2023-01-01 2023-12-31
Registered number: SC390736
Hawksworth Retail Group Limited
Unaudited Financial Statements
For The Year Ended 31 December 2024
Glen Drummond Ltd
Chartered Accountants
Argyll House
Quarrywood Court
Livingston
EH54 6AX
Contents
Page
Accountant's Report 1
Balance Sheet 2
Notes to the Financial Statements 3—4
Page 1
Accountant's Report
Report to the directors on the preparation of the unaudited statutory accounts of Hawksworth Retail Group Limited for the year ended 31 December 2024
In order to assist you to fulfil your duties under the Companies Act 2006, I have prepared for your approval the accounts of Hawksworth Retail Group Limited for the year ended 31 December 2024 which comprise the Profit and Loss Account, the Balance Sheet and the related notes, from the company's accounting records and from information and explanations you have given to us.
As a practising member of ICAS, we are subject to its ethical and other professional requirements which are detailed at https://icas.com/icas-framework-presentation-of-accounts.
This report is made solely to the directors of Hawksworth Retail Group Limited , as a body, in accordance with the terms of our engagement letter dated 13 July 2023. Our work has been undertaken solely to prepare for your approval the accounts of Hawksworth Retail Group Limited and state those matters that we have agreed to state to the directors of Hawksworth Retail Group Limited , as a body, in this report in accordance with the requirements of the ICAS as detailed at https://icas.com/icas-framework-presentation-of-accounts. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Hawksworth Retail Group Limited and its directors, as a body, for our work or for this report.
It is your duty to ensure that Hawksworth Retail Group Limited has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and profit or loss of Hawksworth Retail Group Limited . You consider that Hawksworth Retail Group Limited is exempt from the statutory audit requirement for the year.
We have not been instructed to carry out an audit or a review of the accounts of Hawksworth Retail Group Limited . For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory accounts.
Signed
2 July 2025
Glen Drummond Ltd
Chartered Accountants
Argyll House
Quarrywood Court
Livingston
EH54 6AX
Page 1
Page 2
Balance Sheet
Registered number: SC390736
2024 2023
Notes £ £ £ £
FIXED ASSETS
Investments 4 1 1
1 1
CURRENT ASSETS
Debtors 5 65,739 60,739
Cash at bank and in hand 139 139
65,878 60,878
Creditors: Amounts Falling Due Within One Year 6 (12 ) (12 )
NET CURRENT ASSETS (LIABILITIES) 65,866 60,866
TOTAL ASSETS LESS CURRENT LIABILITIES 65,867 60,867
NET ASSETS 65,867 60,867
CAPITAL AND RESERVES
Called up share capital 7 100 100
Profit and Loss Account 65,767 60,767
SHAREHOLDERS' FUNDS 65,867 60,867
For the year ending 31 December 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
On behalf of the board
Mr M A Holt
Director
2 July 2025
The notes on pages 3 to 4 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
Hawksworth Retail Group Limited is a private company, limited by shares, incorporated in Scotland, registered number SC390736 . The registered office is Argyll House, Quarrywood Court, Livingston, West Lothian, EH54 6AX.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
2.2. Investments
Investments in equity shares which are publicly traded or where the fair value can be measured reliably are initially measured at fair value, with changes in fair value recognised in profit or loss. Investments in equity shares which are not publicly traded and where fair value cannot be measured reliably are measured at cost less impairment.
Interest income on debt securities, where applicable, is recognised in income using the effective interest method. Dividends on equity securities are recognised in income when receivable.
2.3. Financial Instruments
Financial instruments are classified and accounted for, according to the substance of the contractual arrangement, as financial assets, financial liabilities or equity instruments. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities. Where shares are issued, any component that creates a financial liability of the company is presented as a liability in the balance sheet. The corresponding dividends relating to the liability component are charged as interest expense in the profit and loss account.
2.4. Taxation
Income tax expense represents the sum of the tax currently payable and deferred tax.
The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the statement of comprehensive income because of items of income or expense that are taxable or deductible in other years and items that are never taxable or deductible. The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.
Deferred tax is recognised on timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. Deferred tax liabilities are generally recognised for all taxable timing differences. Deferred tax assets are generally recognised for all deductible temporary differences to the extent that it is probable that taxable profits will be available against which those deductible timing differences can be utilised. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered.
Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period. Deferred tax liabilities are presented within provisions for liabilities and deferred tax assets within debtors. The measurement of deferred tax liabilities and assets reflect the tax consequences that would follow from the manner in which the Company expects, at the end of the reporting period, to recover or settle the carrying amount of its assets and liabilities.
Current and deferred tax are recognised in profit or loss for the year, except when they relate to items that are recognised in other comprehensive income or directly in equity, in which case current and deferred tax are recognised in other comprehensive income or directly in equity respectively.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 2 (2023: 2)
2 2
4. Investments
Subsidiaries
£
Cost
As at 1 January 2024 1
As at 31 December 2024 1
Provision
As at 1 January 2024 -
As at 31 December 2024 -
...CONTINUED
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Page 4
Net Book Value
As at 31 December 2024 1
As at 1 January 2024 1
5. Debtors
2024 2023
£ £
Due within one year
Amounts owed by group undertakings 65,739 60,739
6. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Other creditors 12 12
7. Share Capital
2024 2023
Allotted, called up and fully paid £ £
1,000 Ordinary Shares of £ 0.10 each 100 100
8. Related Party Disclosures
The company operates a loan account with the director, Mr M A Holt.
At the year end, the balance due to the director £6 (2023 - £6). This loan is unsecured, interest free and has no fixed repayment terms.
The company operates a loan account with the director, Mr R T Stevenson. 
At the year end, the balance due to the director was £6 (2023 - £6). This loan is unsecured, interest free and has no fixed repayment terms.
The company operates a loan account with the wholly owned subsidiary, Hawksworth Retail Asset Management Limited. 
During the year, dividends totalling £65,500 (2023 - £59,500) were received from the subsidiary company. During the year, Hawksworth Retail Group Limited advanced loans of £5,000 to the subsidiary. At the year end, the balance due from the subsidiary was £65,739 (2023 - £60,739). This loan is unsecured, interest free and has no fixed repayment terms.
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