Hawksbury House Limited Filleted accounts for Companies House (small and micro)

COMPANY REGISTRATION NUMBER: 09845960

Hawksbury House Limited

Filleted Unaudited Financial Statements

31 March 2025

Hawksbury House Limited

Statement of Financial Position

31 March 2025

	2025		2024
Note	£	£	£

Fixed assets

Intangible assets	5	82,497	164,997
Tangible assets	6	1,132,448	1,133,819
Investments	7	564,102	672,127
		------------	------------
		1,779,047	1,970,943

Current assets

Debtors	8	653,296	508,912
Cash at bank and in hand		82,257	338,976
		---------	---------
		735,553	847,888

Creditors: amounts falling due within one year	9	284,474		378,369
		---------		---------
Net current assets			451,079	469,519
			------------	------------
Total assets less current liabilities			2,230,126	2,440,462

Creditors: amounts falling due after more than one year	10		1,010,676	1,171,670

Provisions	14,631	14,974
	------------	------------
Net assets	1,204,819	1,253,818
	------------	------------

Capital and reserves

Called up share capital	99	99
Profit and loss account	1,204,720	1,253,719
	------------	------------
Shareholders funds	1,204,819	1,253,818
	------------	------------

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.

In accordance with section 444 of the Companies Act 2006, the statement of income and retained earnings has not been delivered.

For the year ending 31 March 2025 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 financial statements for the year in question in accordance with section 476 ;

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

Hawksbury House Limited

Statement of Financial Position (continued)

31 March 2025

These financial statements were approved by the board of directors and authorised for issue on 9 September 2025 , and are signed on behalf of the board by:

Mr A Vyas

Director

Company registration number: 09845960

Hawksbury House Limited

Notes to the Financial Statements

Year ended 31 March 2025

1. General information

The company is a private company limited by shares, registered in England & Wales. The address of the registered office is Lyndhurst, 1 Cranmer Street, Long Eaton, Nottingham, NG10 1NJ.

2. Statement of compliance

These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.

3. Accounting policies

Basis of preparation

The financial statements have been prepared on the historical basis. The financial statements are prepared in sterling, which is the functional currency of the entity.

Revenue recognition

Turnover is measured at the fair value of the consideration received or receivable and represents amounts receivable for services rendered. Revenue is recognised when fee income is received from residents.

Taxation

The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in profit or loss, except to the extent that it relates to items recognised in other comprehensive income or directly in equity. In this case, tax is recognised in other comprehensive income or directly in equity, respectively. Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.

Deferred tax is recognised in respect of all timing differences at the reporting date. Unrelieved tax losses and other deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date that are expected to apply to the reversal of the timing difference.

Goodwill

Goodwill arises on business acquisitions and represents the excess of the cost of the acquisition over the company's interest in the net amount of the identifiable assets, liabilities and contingent liabilities of the acquired business. Goodwill is measured at cost less accumulated amortisation and accumulated impairment losses. It is amortised on a straight-line basis over its useful life. Where a reliable estimate of the useful life of goodwill or intangible assets cannot be made, the life is presumed not to exceed ten years.

Amortisation

Amortisation is calculated so as to write off the cost of an asset, less its estimated residual value, over the useful life of that asset as follows:

	Goodwill	-	10% straight line

If there is an indication that there has been a significant change in amortisation rate, useful life or residual value of an intangible asset, the amortisation is revised prospectively to reflect the new estimates.

Tangible assets

Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses. An increase in the carrying amount of an asset as a result of a revaluation, is recognised in other comprehensive income and accumulated in equity, except to the extent it reverses a revaluation decrease of the same asset previously recognised in profit or loss. A decrease in the carrying amount of an asset as a result of revaluation, is recognised in other comprehensive income to the extent of any previously recognised revaluation increase accumulated in equity in respect of that asset. Where a revaluation decrease exceeds the accumulated revaluation gains accumulated in equity in respect of that asset, the excess shall be recognised in profit or loss.

Depreciation

Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:

Fixtures and fittings	-	15% straight line
Computer equipment	-	25% straight line

Investments

Fixed asset investments are initially recorded at cost, and subsequently stated at cost less any accumulated impairment losses.

Investments in associates

Investments in associates accounted for in accordance with the cost model are recorded at cost less any accumulated impairment losses.

Impairment of fixed assets

A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date. For the purposes of impairment testing, when it is not possible to estimate the recoverable amount of an individual asset, an estimate is made of the recoverable amount of the cash-generating unit to which the asset belongs. The cash-generating unit is the smallest identifiable group of assets that includes the asset and generates cash inflows that largely independent of the cash inflows from other assets or groups of assets. For impairment testing of goodwill, the goodwill acquired in a business combination is, from the acquisition date, allocated to each of the cash-generating units that are expected to benefit from the synergies of the combination, irrespective of whether other assets or liabilities of the company are assigned to those units.

Provisions

Provisions are recognised when the entity has an obligation at the reporting date as a result of a past event, it is probable that the entity will be required to transfer economic benefits in settlement and the amount of the obligation can be estimated reliably. Provisions are recognised as a liability in the statement of financial position and the amount of the provision as an expense. Provisions are initially measured at the best estimate of the amount required to settle the obligation at the reporting date and subsequently reviewed at each reporting date and adjusted to reflect the current best estimate of the amount that would be required to settle the obligation. Any adjustments to the amounts previously recognised are recognised in profit or loss unless the provision was originally recognised as part of the cost of an asset. When a provision is measured at the present value of the amount expected to be required to settle the obligation, the unwinding of the discount is recognised as a finance cost in profit or loss in the period it arises.

Financial instruments

A financial asset or a financial liability is recognised only when the entity becomes a party to the contractual provisions of the instrument. Basic financial instruments are initially recognised at the transaction price, unless the arrangement constitutes a financing transaction, where it is recognised at the present value of the future payments discounted at a market rate of interest for a similar debt instrument. Financial assets that are measured at cost or amortised cost are reviewed for objective evidence of impairment at the end of each reporting date. If there is objective evidence of impairment, an impairment loss is recognised in profit or loss immediately. For all equity instruments regardless of significance, and other financial assets that are individually significant, these are assessed individually for impairment. Other financial assets are either assessed individually or grouped on the basis of similar credit risk characteristics. Any reversals of impairment are recognised in profit or loss immediately, to the extent that the reversal does not result in a carrying amount of the financial asset that exceeds what the carrying amount would have been had the impairment not previously been recognised.

Defined contribution plans

Contributions to defined contribution plans are recognised as an expense in the period in which the related service is provided. Prepaid contributions are recognised as an asset to the extent that the prepayment will lead to a reduction in future payments or a cash refund.

4. Employee numbers

The average number of persons employed by the company during the year amounted to 33 (2024: 37 ).

5. Intangible assets

	Goodwill
	£
Cost
At 1 April 2024 and 31 March 2025	824,997
	---------
Amortisation
At 1 April 2024	660,000
Charge for the year	82,500
	---------
At 31 March 2025	742,500
	---------
Carrying amount
At 31 March 2025	82,497
	---------
At 31 March 2024	164,997
	---------

6. Tangible assets

	Freehold property	Fixtures and fittings	Computer equipment	Total
	£	£	£	£
Cost
At 1 April 2024	1,113,443	79,412	3,580	1,196,435
Additions	–	7,931	560	8,491
	------------	--------	-------	------------
At 31 March 2025	1,113,443	87,343	4,140	1,204,926
	------------	--------	-------	------------
Depreciation
At 1 April 2024	–	60,237	2,379	62,616
Charge for the year	–	9,131	731	9,862
	------------	--------	-------	------------
At 31 March 2025	–	69,368	3,110	72,478
	------------	--------	-------	------------
Carrying amount
At 31 March 2025	1,113,443	17,975	1,030	1,132,448
	------------	--------	-------	------------
At 31 March 2024	1,113,443	19,175	1,201	1,133,819
	------------	--------	-------	------------

7. Investments

	Loans to group undertakings
	£
Cost
At 1 April 2024	672,127
Disposals	( 108,025)
	---------
At 31 March 2025	564,102
	---------
Impairment
At 1 April 2024 and 31 March 2025	–
	---------

Carrying amount
At 31 March 2025	564,102
	---------
At 31 March 2024	672,127
	---------

8. Debtors

	2025	2024
	£	£
Trade debtors	96,030	20,363
Amounts owed by group undertakings and undertakings in which the company has a participating interest	137,692	420,123
Other debtors	419,574	68,426
	---------	---------
	653,296	508,912
	---------	---------

9. Creditors: amounts falling due within one year

	2025	2024
	£	£
Bank loans and overdrafts	45,290	46,330
Trade creditors	13,373	5,003
Amounts owed to group undertakings and undertakings in which the company has a participating interest	–	40,134
Corporation tax	15,760	63,964
Social security and other taxes	11,877	9,879
Other creditors	198,174	213,059
	---------	---------
	284,474	378,369
	---------	---------

The bank loan is secured by a mortgage on the property owned and occupied by the company.

10. Creditors: amounts falling due after more than one year

	2025	2024
	£	£
Bank loans and overdrafts	1,010,676	1,171,670
	------------	------------

Included within creditors: amounts falling after more than one year is an amount of £Nil (2024: £986,348) in respect of liabilities payable or repayable by instalments which fall for payment after more than five years from the reporting date.

The bank loan is secured by a mortgage on the property owned and occupied by the company.

11. Directors' advances, credits and guarantees

During the year the directors entered into the following advances and credits with the company:

	2025
	Balance brought forward	Advances/ (credits) to the directors	Amounts repaid	Balance outstanding
	£	£	£	£
Mr A Vyas	( 57,417)	434,247	( 59,001)	317,829
Mr D Vyas	( 60,975)	170,890	( 165,890)	( 55,975)
	---------	---------	---------	---------
	( 118,392)	605,137	( 224,891)	261,854
	---------	---------	---------	---------

	2024
	Balance brought forward	Advances/ (credits) to the directors	Amounts repaid	Balance outstanding
	£	£	£	£
Mr A Vyas	–	46,374	( 103,791)	( 57,417)
Mr D Vyas	( 227,575)	166,600	–	( 60,975)
	---------	---------	---------	---------
	( 227,575)	212,974	( 103,791)	( 118,392)
	---------	---------	---------	---------

12. Controlling party

The company is a wholly owned subsidiary of Hawksbury Holdings Limited, a company incorporated in England and Wales. The registered office is Lyndhurst, 1 Cranmer Street, Long Eaton, Nottingham NG10 1NJ.