REGISTERED NUMBER: 08808475 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED

30TH NOVEMBER 2025

FOR

JS & CP HAWKINS LTD

Page

Company information

1

Balance sheet

2

Notes to the financial statements

4

Directors:

C P Hawkins

J S Hawkins

Registered office:

Thingehill Court

Withington

Hereford

HR1 3QG

Registered number:

08808475 (England and Wales)

Fixed assets

Tangible assets

4

1,835,363

161,416

Investments

5

743,700

743,700

Investment property

6

2,600,000

2,646,336

5,179,063

3,551,452

Current assets

Stocks

7

213,297

208,245

Debtors

8

251,581

325,314

Cash at bank and in hand

201,759

1,246,988

666,637

1,780,547

Creditors

Amounts falling due within one year

9

1,141,092

971,456

Net current (liabilities)/assets

(474,455

)

809,091

Total assets less current liabilities

4,704,608

4,360,543

Creditors

Amounts falling due after more than one year

10

(841,578

)

(802,657

)

Provisions for liabilities

12

(198,100

)

(200,300

)

Net assets

3,664,930

3,357,586

Capital and reserves

Called up share capital

13

1,000

1,000

Fair value reserve

488,259

488,259

Retained earnings

3,175,671

2,868,327

Shareholders' funds

3,664,930

3,357,586

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30th November 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 30th November 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 16th July 2026 and were signed on its behalf by:

J S Hawkins - Director

1.	Statutory information

JS & CP Hawkins Ltd 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 as modified by the revaluation of certain assets.

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

Tangible fixed assets are stated in the Balance Sheet at cost less depreciation .

Depreciation is provided at the following rates on the straight line method in order to write off each asset over its estimated useful life:

Land & buildings

0% on land

Short leasehold

Over 15 years

Plant & machinery

10% - 20%

Investments in associates

Investments in associate undertakings are recognised at cost.

Investment property

Investment properties are shown at the most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in the profit and loss account.

Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Financial instruments

The company has elected to apply the provisions of Section 11 'Basic Financial Instruments' and 'Other Financial Instruments Issues' of FRS102 to all of its financial instruments.

Financial instruments are recognised in the company's statement of financial position when the company becomes party to the contractual provisions of the instrument.

Financial assets and liabilities are offset and the net amounts presented in the financial statements when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

Basic financial assets

Basic financial assets, which include trade and other receivables and cash and bank balances, are measured at transaction price less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

Other financial assets

Other financial assets, including investments in equity instruments which are not subsidiaries, associates or joint ventures, are initially measured at fair value, which is normally the transaction price. Such assets are subsequently carried at fair value and the changes in fair value are recognised in profit or loss, except that investments in equity instruments that are not publicly traded and whose fair values cannot be measured reliably are measured at the cost less impairment.

Impairment of financial assets

Financial assets, other than those held at fair value through profit and loss, are assessed for indicators of impairment at each reporting date.

Financial assets are impaired where there is objective evidence that, as a result of one or more events that occurred after initial recognition of the financial asset, the estimated future cash flows have been affected. If an asset is impaired, the impairment loss is the difference between the carrying amount and the present value of the estimated cash flows discounted at the assets original effective interest rate. The impairment loss is recognised in profit or loss.

If there is a decrease in the impairment loss arising from an event occurring after the impairment was recognised, the impairment is reversed. The reversal is such that the current carrying amount does not exceed what the carrying amount would have been, had the impairment not previously been recognised. The impairment reversal is recognised in profit or loss.

Derecognition of financial assets

Financial assets are derecognised only when the contractual rights to the cash flows from the asset expire or are settled, or if some significant risks and rewards of ownership are retained but control of the asset has transferred to another party that is able to sell the asset in its entirety to an unrelated third party.

Classification of financial liabilities

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducing all of its liabilities.

Basic financial liabilities, including trade and other payables are measured at the transaction price. Other financial liabilities, including bank loans and preference shares that are classified as debt, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

Other financial liabilities

Derivatives, including interest rate swaps and forward foreign exchange contracts, are not basic financial instruments. Derivatives are initially recognised at fair value on the date a derivative contract is entered into and are subsequently re-measured at their fair value. Changes in the fair value of derivatives are recognised in profit or loss in finance costs or finance income as appropriate, unless hedge accounting is applied and the hedge is a cash flow hedge.

Derecognition of financial liabilities

Financial liabilities are derecognised when the company's contractual obligations expire or are discharged or cancelled.

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.

Research & development

Expenditure on research and development is written off in the year in which it is incurred.

Pension costs & 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 (including officers)

The average number of employees during the year was 6 (2024 - 7 ) .

4.	Tangible fixed assets

Freehold

Short

Plant &

property

leasehold

machinery

Totals

£

£

£

£

Cost

At 1st December 2024

-

353,923

388,461

742,384

Additions

1,581,926

84,993

-

1,666,919

Disposals

-

-

(79,331

)

(79,331

)

Reclassification/transfer

-

46,336

-

46,336

At 30th November 2025

1,581,926

485,252

309,130

2,376,308

Depreciation

At 1st December 2024

-

214,459

366,509

580,968

Charge for year

-

29,698

9,610

39,308

Eliminated on disposal

-

-

(79,331

)

(79,331

)

At 30th November 2025

-

244,157

296,788

540,945

Net book value

At 30th November 2025

1,581,926

241,095

12,342

1,835,363

At 30th November 2024

-

139,464

21,952

161,416

5.	Fixed asset investments

Interest in

associate

£

Cost

At 1st December 2024

and 30th November 2025

743,700

Net book value

At 30th November 2025

743,700

At 30th November 2024

743,700

The company's investments at the Balance sheet date in the share capital of companies include the following:

Associated company

Silvale Limited

Registered office: Thingehill, Withington, Hereford, HR1 3QG

Nature of business: Investment property

%

Class of shares:

holding

Ordinary shares

25.00

31.7.25

31.7.24

£

£

Aggregate capital and reserves

3,253,765

3,228,231

6.	Investment property

Total

£

Fair value

At 1st December 2024

2,646,336

Reclassification/transfer

(46,336

)

At 30th November 2025

2,600,000

Net book value

At 30th November 2025

2,600,000

At 30th November 2024

2,646,336

The investment properties were revalued on the basis of open market value as at 30.11.2023, by the Directors.

The Directors consider this valuation to be the fair value of the investment properties as at 30.11.2025.

Fair value at 30th November 2025 is represented by:

£

Valuation in 2017

250,959

Valuation in 2023

400,000

Cost

1,949,041

2,600,000

7.

Stocks

30.11.25

30.11.24

£

£

Stocks

213,297

208,245

8.

Debtors: amounts falling due within one year

30.11.25

30.11.24

£

£

Trade debtors

41,623

115,440

Other debtors

204,827

204,999

Amount due by related parties

5,131

4,875

251,581

325,314

9.

Creditors: amounts falling due within one year

30.11.25

30.11.24

£

£

Bank loans

60,521

58,240

Trade creditors

179,960

35,489

Corporation tax

24,500

121,400

Social security & other tax

17,849

2,576

Other creditors

13,214

9,006

Amount due to related parties

845,048

744,745

1,141,092

971,456

10.

Creditors: amounts falling due after more than one year

30.11.25

30.11.24

£

£

Bank loans - two to five years

264,982

257,203

Bank loans more than five years

17,226

85,526

Directors' loan accounts

559,370

459,928

841,578

802,657

Amounts falling due in more than five years:

Repayable by instalments

Bank loans more than five years

17,226

85,526

11.	Secured debts

The following secured debts are included within creditors:

30.11.25

30.11.24

£

£

Bank loans

342,729

400,969

The bank loan is secured on the assets of the company.

12.	Provisions for liabilities

30.11.25

30.11.24

£

£

Deferred tax

Deferred tax

30,700

37,500

Investment property revalue

167,400

162,800

198,100

200,300

Deferred tax

£

Balance at 1st December 2024

200,300

Utilised during year

(2,200

)

Balance at 30th November 2025

198,100

13.	Called up share capital

Allotted, issued and fully paid:

Number:

Class:

Nominal

30.11.25

30.11.24

value:

£

£

1,000

Ordinary shares

£1

1,000

1,000

14.	Contingent liabilities & lease commitments

There were no contingent liabilities or lease commitments at 30th November 2025.

15.	Related party disclosures

The Directors

During the year, the directors used a current account with the company to record amounts due to them and amounts drawn by them. The balance at the end of the year was £559,370 (2024: £459,928) owed by the company, which is considered to be due in more than one year.

Transactions with related parties

The following transactions with related parties took place during the year, on normal commercial terms:

Sales

Purchases

Loans

Debtor balance

Creditor balance

£

£

£

£

£

Common key management personnel entities

37,477

36,750

100,000

5,131

845,048

Loans were made interest free and payable on demand.

16.	Post balance sheet events

In May 2026, the company disposed of its 25% shareholding in Silvale Limited for a consideration of £740,000.