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Registered number: 12509674
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UNAUDITED FINANCIAL STATEMENTS
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FOR THE YEAR ENDED
31 MAY 2025
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HAWKE AND PARKER HOUSE LIMITED
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HAWKE AND PARKER HOUSE LIMITED
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COMPANY INFORMATION
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HAWKE AND PARKER HOUSE LIMITED
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CONTENTS
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Statement of financial position
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Notes to the financial statements
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HAWKE AND PARKER HOUSE LIMITED
REGISTERED NUMBER:12509674
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STATEMENT OF FINANCIAL POSITION
AS AT 31 MAY 2025
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Debtors: amounts falling due within one year
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Creditors: amounts falling due within one year
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Total assets less current liabilities
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Creditors: amounts falling due after more than one year
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Provisions for liabilities
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HAWKE AND PARKER HOUSE LIMITED
REGISTERED NUMBER:12509674
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STATEMENT OF FINANCIAL POSITION (CONTINUED)
AS AT 31 MAY 2025
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 company's financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.
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:
The notes on pages 3 to 8 form part of these financial statements.
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HAWKE AND PARKER HOUSE LIMITED
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NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MAY 2025
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 principle 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
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Basis of preparation of financial statements
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The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006.
The preparation of financial statements in compliance with FRS 102 requires the use of certain critical accounting estimates. It also requires management to exercise judgment in applying the company's accounting policies.
The following principal accounting policies have been applied:
At the year end the company showed net current liabilities of £14,117,716 (2024 : £4,228,213). The financial statemnets are prepared on a going concern basis as bank overdafts and bank loans are secured by legal charges over the investment propeties of the company and other creditors include £4,343,654 (2024 : £4,452,611) of finance provided by a related party which the director S C Philpot 100% controls, no other significant judgements or estimates have been used by management in assessing the appropriateness of going concern.
Rental income 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. Rental income is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.
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.
All borrowing costs are recognised in profit or loss in the year in which they are incurred.
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HAWKE AND PARKER HOUSE LIMITED
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NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MAY 2025
2.Accounting policies (continued)
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Current and deferred taxation
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The tax expense for the year comprises current and deferred tax. Tax is recognised in profit or loss except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.
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 income.
Deferred tax balances are recognised in respect of all timing differences that have originated but not reversed by the reporting date, except that:
∙The recognition of deferred tax assets is limited to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits; and
∙Any deferred tax balances are reversed if and when all conditions for retaining associated tax allowances have been met.
Deferred tax balances are not recognised in respect of permanent differences except in respect of business combinations, when deferred tax is recognised on the differences between the fair values of assets acquired and the future tax deductions available for them and the differences between the fair values of liabilities acquired and the amount that will be assessed for tax. Deferred tax is determined using tax rates and laws that have been enacted or substantively enacted by the reporting date.
Investment property is carried at fair value determined 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.
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Provisions for liabilities
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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.
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HAWKE AND PARKER HOUSE LIMITED
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NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MAY 2025
2.Accounting policies (continued)
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.
The average montly number of employees, including directors, during the year was 2 (2024 - 2).
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HAWKE AND PARKER HOUSE LIMITED
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NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MAY 2025
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Freehold investment property
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The 2025 valuations were made by a land consultant in December 2024, on an open market value basis.
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Investment property revlauations net of deferred tax
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If the Investment properties had been accounted for under the historic cost accounting rules, the properties would have been measured as follows:
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Prepayments and accrued income
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HAWKE AND PARKER HOUSE LIMITED
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NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MAY 2025
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Creditors: Amounts falling due within one year
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Accruals and deferred income
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Creditors: Amounts falling due after more than one year
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The following liabilities were secured:
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Details of security provided:
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Bank overdrafts and bank loans are secured by way of legal charges over the investment properties of the company. The direct S C Philpot has also provided a personal guarantee in relation to the above amounts.
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HAWKE AND PARKER HOUSE LIMITED
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NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MAY 2025
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Analysis of the maturity of loans is given below:
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Amounts falling due within one year
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Amounts falling due 2-5 years
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The bank loan facility expires on the 1 August 2025 and has subsequently been renewed post year end.
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Profit and loss account
Inculuded in the profit and loss reserves are non distributable reserves attributable to investment property revaluations of £14,306,087 (2024 - £14,306,087). This consists of £19,075,743 (2024 - £19,075,743) of property revaluations less £4,768,936 (2024 - £4,768,936) of deferred tax provided on the revaluations.
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Transactions with directors
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At the year end £71,941 (2024 : nil) was owed to the company by the directors. The loan is interest free and repayable upon demand. The maximum amount outstanding during the year was £71,941.
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Related party transactions
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Included in debtors is £715,900 (2024 - £238,325) of funding provided to related party businesses in which the directors have a participating interest.
Included in creditors is £4,417,654 (2024 - £4,452,611) of funding received from related party businesses in which the directors have a participating interest.
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