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REGISTERED NUMBER: 10467273 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2023

FOR

ET PURSUITS LIMITED
T/A
HARTLEY LANDS FISHERY

ET PURSUITS LIMITED (REGISTERED NUMBER: 10467273)
T/A HARTLEY LANDS FISHERY






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4

Chartered Accountants' Report 7

ET PURSUITS LIMITED
T/A HARTLEY LANDS FISHERY

COMPANY INFORMATION
FOR THE YEAR ENDED 31 MARCH 2023







DIRECTORS: B J Hubble
R J Hubble





REGISTERED OFFICE: 20 Havelock Road
Hastings
East Sussex
TN34 1BP





REGISTERED NUMBER: 10467273 (England and Wales)





ACCOUNTANTS: Ashdown Hurrey
Chartered Accountants & Business Advisers
20 Havelock Road
Hastings
East Sussex
TN34 1BP

ET PURSUITS LIMITED (REGISTERED NUMBER: 10467273)
T/A HARTLEY LANDS FISHERY

BALANCE SHEET
31 MARCH 2023

31.3.23 31.3.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 804,018 787,794

CURRENT ASSETS
Debtors 5 1,560 -
Cash at bank and in hand 8,559 7,107
10,119 7,107
CREDITORS
Amounts falling due within one year 6 509,871 518,820
NET CURRENT LIABILITIES (499,752 ) (511,713 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

304,266

276,081

CREDITORS
Amounts falling due after more than one
year

7

(289,248

)

(288,650

)

PROVISIONS FOR LIABILITIES (1,896 ) (820 )
NET ASSETS/(LIABILITIES) 13,122 (13,389 )

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 13,022 (13,489 )
13,122 (13,389 )

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2023 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.

ET PURSUITS LIMITED (REGISTERED NUMBER: 10467273)
T/A HARTLEY LANDS FISHERY

BALANCE SHEET - continued
31 MARCH 2023


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 29 September 2023 and were signed on its behalf by:




B J Hubble - Director



R J Hubble - Director


ET PURSUITS LIMITED (REGISTERED NUMBER: 10467273)
T/A HARTLEY LANDS FISHERY

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023

1. STATUTORY INFORMATION

ET Pursuits 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.

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 represents fishing ticket fees received, less value added tax.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery - 25% on reducing balance

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.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 3 (2022 - 3 ) .

ET PURSUITS LIMITED (REGISTERED NUMBER: 10467273)
T/A HARTLEY LANDS FISHERY

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2023

4. TANGIBLE FIXED ASSETS
Improvements
Freehold to Plant and Computer
property property machinery equipment Totals
£    £    £    £    £   
COST
At 1 April 2022 505,291 273,722 15,810 - 794,823
Additions - 15,028 3,546 432 19,006
At 31 March 2023 505,291 288,750 19,356 432 813,829
DEPRECIATION
At 1 April 2022 - - 7,029 - 7,029
Charge for year - - 2,770 12 2,782
At 31 March 2023 - - 9,799 12 9,811
NET BOOK VALUE
At 31 March 2023 505,291 288,750 9,557 420 804,018
At 31 March 2022 505,291 273,722 8,781 - 787,794

Included in cost of land and buildings is freehold land of £ 505,291 (2022 - £ 505,291 ) which is not depreciated.

Improvements to property of £288,819 (2022 £273,722) have not been depreciated in value as it was felt that the value of this work had not reduced at all throughout the period.

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.23 31.3.22
£    £   
Trade debtors 1,560 -

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.23 31.3.22
£    £   
Trade creditors 711 4,205
Tax 578 -
Social security and other taxes 431 7,838
VAT 6,269 3,096
Other creditors 479,557 476,118
Directors' current accounts 20,000 25,613
Accrued expenses 2,325 1,950
509,871 518,820

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
31.3.23 31.3.22
£    £   
Directors' loan accounts 289,248 288,650

8. SECURED DEBTS

The bank loan in place was personally guaranteed by the director Mr Ben Hubble.

ET PURSUITS LIMITED (REGISTERED NUMBER: 10467273)
T/A HARTLEY LANDS FISHERY

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2023

9. RELATED PARTY DISCLOSURES

As at the year end the company owed £309,248 (2022 £314,263) to the directors. This is reflected within the financial statements as £20,000 due within one year (2022 £25,613) £289,248 due after more than one year (2022 £288,649).

The loans have no terms attached and are payable on demand.

In addition to the above amounts owed to the directors there is also an amount of £479,557 (2022 £476,118) due to Kent Tackle (Hawkhurst) Ltd, an associated company under the control of Mr B Hubble. This loan has no terms attached and is payable on demand.

The loan from Kent Tackle (Hawkhurst) Limited is shown within current liabilities to reflect the corresponding entry within the financial statements for Kent Tackle (Hawkhurst) Limited. This is for presentation purposes only and does not change the directors intentions with this loan with it being intended that this will not be required for repayment for some time.

10. GOING CONCERN

Although current liabilities exceed current assets, the company has the full support of the directors who are directly and indirectly the main creditors and the intention to trade as normal going forward. The accounts have therefore been prepared on the assumption that the company will continue to trade for more than 12 months.

CHARTERED ACCOUNTANTS' REPORT TO THE BOARD OF DIRECTORS
ON THE UNAUDITED FINANCIAL STATEMENTS OF
ET PURSUITS LIMITED

The following reproduces the text of the report prepared for the directors in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Directors are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of ET Pursuits Limited for the year ended 31 March 2023 which comprise the Income Statement, Balance Sheet and the related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the Board of Directors of ET Pursuits Limited, as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of ET Pursuits Limited and state those matters that we have agreed to state to the Board of Directors of ET Pursuits Limited, as a body, in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than ET Pursuits Limited and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that ET Pursuits Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of ET Pursuits Limited. You consider that ET Pursuits 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 financial statements of ET Pursuits 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 financial statements.






Ashdown Hurrey
Chartered Accountants & Business Advisers
20 Havelock Road
Hastings
East Sussex
TN34 1BP


2 October 2023