Hawker Chase Executive Limited - Accounts to registrar (filleted)

REGISTERED NUMBER: 04271499 (England and Wales)

Unaudited Financial Statements

for the Year Ended 28 February 2025

for

Hawker Chase Executive Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

M J Gawthorne

Mrs L V Gawthorne

SECRETARY:

M J Gawthorne

REGISTERED OFFICE:

The Old Stables

Sutton Manor Farm

Bishop's Sutton

Alresford

Hampshire

SO24 0AA

REGISTERED NUMBER:

04271499 (England and Wales)

ACCOUNTANTS:

Butler & Co Alresford Limited

Chartered Accountants

The Old Stables

Sutton Manor Farm

Bishops Sutton

Alresford

Hampshire

SO24 0AA

FIXED ASSETS

Tangible assets

4

530

237

CURRENT ASSETS

Debtors

5

104,289

43,197

Cash at bank

68,926

106,426

173,215

149,623

CREDITORS

Amounts falling due within one year

6

74,262

34,942

NET CURRENT ASSETS

98,953

114,681

TOTAL ASSETS LESS CURRENT
LIABILITIES

99,483

114,918

CREDITORS

Amounts falling due after more than one
year

7

(11,369

)

(21,594

)

PROVISIONS FOR LIABILITIES

8

(121

)

(46

)

NET ASSETS

87,993

93,278

CAPITAL AND RESERVES

Called up share capital

9

51,500

Share premium

1,950

Retained earnings

34,543

39,828

SHAREHOLDERS' FUNDS

87,993

93,278

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 28 February 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 28 February 2025 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:

(a)	ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and

(b)

preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

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 Board of Directors and authorised for issue on 14 October 2025 and were signed on its behalf by:

M J Gawthorne - Director

1.	STATUTORY INFORMATION

Hawker Chase Executive Limited 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.

2.	ACCOUNTING POLICIES

Basis of preparing the financial statements

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" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Office equipment

-

20% on cost

Financial instruments

The company only enters into basic financial instruments transactions that result in the recognition of financial assets and liabilities like trade and other accounts debtors and creditors, loans from banks and other third parties and loans to related parties.

For financial assets measured at amortised cost, the impairment loss is measured as the difference between an asset's carrying amount and the present value of estimated cash flows discounted at the asset's original effective interest rate. If a financial asset has a variable interest rate, the discount rate for measuring any impairment loss is the current effective interest rate determined under the contract.

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.

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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2024 - 2 ) .

4.	TANGIBLE FIXED ASSETS

Office

equipment

£

COST

At 1 March 2024

713

Additions

484

At 28 February 2025

1,197

DEPRECIATION

At 1 March 2024

476

Charge for year

191

At 28 February 2025

667

NET BOOK VALUE

At 28 February 2025

530

At 29 February 2024

237

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

Trade debtors

47,836

41,431

Other debtors

40,000

-

Prepayments and accrued income

16,453

1,766

104,289

43,197

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

BBLS (Bounce Back Loan Scheme)

10,225

9,973

Trade creditors

8,636

-

Corporation tax

22,620

10,313

Social security and other taxes

3,261

(360

)

VAT

17,806

12,559

Directors' current accounts

1,330

616

Accruals and deferred income

10,384

1,841

74,262

34,942

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR

2025

2024

£

BBLS (Bounce Back Loan Scheme)

11,369

21,594

8.	PROVISIONS FOR LIABILITIES

2025

2024

£

Deferred tax

Accelerated capital allowances

121

46

Deferred

tax

£

Balance at 1 March 2024

46

Accelerated capital allowances

75

Balance at 28 February 2025

121

9.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2025

2024

value:

£

26,500

£1 Ordinary 'A'

£1

26,500

25,000

£1 Ordinary 'B'

£1

25,000

51,500

The Ordinary 'A' shares and Ordinary 'B' shares rank pari passu in all respects except that dividends may be paid to the holders of one class of shares to the exclusion of the other at the director's discretion.

10.	RELATED PARTY DISCLOSURES

During the period under review the directors maintained a loan account with the company. At the balance sheet date they were owed £1,330 (2024 - £616).

11.	ULTIMATE CONTROLLING PARTY

During the period under review the company was under the ultimate control of its directors, by virtue of their shareholdings.