Registration number:
Harveys Jersey Cream Limited
for the Year Ended 31 March 2023
Harveys Jersey Cream Limited
Contents
Company Information |
|
Accountants' Report |
|
Balance Sheet |
|
Notes to the Unaudited Financial Statements |
Harveys Jersey Cream Limited
Company Information
Directors |
Mr L R Harvey Mr J R Harvey |
Company secretary |
Mr L R Harvey |
Registered office |
|
Accountants |
|
Chartered Accountants' Report to the Board of Directors on the Preparation of the Unaudited Statutory Accounts of
Harveys Jersey Cream Limited
for the Year Ended 31 March 2023
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of Harveys Jersey Cream Limited for the year ended 31 March 2023 as set out on pages 3 to 7 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 at
http://www.icaew.com/regulation.
This report is made solely to the Board of Directors of Harveys Jersey Cream Limited, as a body, in accordance with the terms of our engagement letter. Our work has been undertaken solely to prepare for your approval the accounts of Harveys Jersey Cream Limited and state those matters that we have agreed to state to the Board of Directors of Harveys Jersey Cream Limited, as a body, in this report in accordance with ICAEW Technical Release 07/16 AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Harveys Jersey Cream Limited and its Board of Directors as a body for our work or for this report.
It is your duty to ensure that Harveys Jersey Cream Limited has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and profit of Harveys Jersey Cream Limited. You consider that Harveys Jersey Cream 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 accounts of Harveys Jersey Cream 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 accounts.
......................................
6 Houndiscombe Road
Plymouth
Devon
PL4 6HH
Harveys Jersey Cream Limited
(Registration number: 04226712)
Balance Sheet as at 31 March 2023
Note |
2023 |
2022 |
|
Fixed assets |
|||
Investment property |
|
|
|
Investments |
|
|
|
|
|
||
Current assets |
|||
Debtors |
- |
|
|
Cash at bank and in hand |
|
|
|
|
|
||
Creditors: Amounts falling due within one year |
( |
( |
|
Net current liabilities |
( |
( |
|
Net assets |
|
|
|
Capital and reserves |
|||
Called up share capital |
900 |
900 |
|
Share premium reserve |
1,999,200 |
1,999,200 |
|
Revaluation reserve |
98,839 |
98,839 |
|
Retained earnings |
2,142,218 |
1,802,878 |
|
Shareholders' funds |
4,241,157 |
3,901,817 |
Harveys Jersey Cream Limited
(Registration number: 04226712)
Balance Sheet as at 31 March 2023
For the financial year ending 31 March 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Directors' responsibilities:
• |
|
• |
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts. |
These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.
These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime and the option not to file the Profit and Loss Account has been taken.
Langage Farm LLP (company number OC342462) accounts year ended 31 March 2022 have been delivered to the registrar in accordance with Section 441(1) of the Companies Act 2006.
Approved and authorised by the
.........................................
Mr J R Harvey
Director
Harveys Jersey Cream Limited
Notes to the Unaudited Financial Statements for the Year Ended 31 March 2023
General information |
The company is a private company limited by share capital, incorporated in England.
The address of its registered office is:
Accounting policies |
Summary of significant accounting policies and key accounting estimates
The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.
Statement of compliance
These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).
Basis of preparation
These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.
Revenue recognition
The turnover shown in the profit and loss account represents the company's share of profits from Langage Farm LLP during the period.
Tax
The tax expense for the period comprises current tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.
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 taxable income.
Investment property
Business combinations
Investments in associates are accounted for using the cost method, with the associates valued at cost less any impairment losses. All distributions received from associates are recognised as income through the profit and loss account.
Harveys Jersey Cream Limited
Notes to the Unaudited Financial Statements for the Year Ended 31 March 2023
Staff numbers |
The average number of persons employed by the company (including directors) during the year, was
Investment properties |
2023 |
|
At 1 April |
|
At 31 March |
|
There has been no valuation of investment property by an independent valuer.
Investments |
2023 |
2022 |
|
Investments in associates |
|
|
The company is a corporate partner in Langage Farm Limited Liability Partnership. The carrying value of the investment is stated as the company's share of the capital assets of the partnership as at 31 March 2023 plus its share of profits to 31 March 2023 less any amounts withdrawn.
Debtors |
2023 |
2022 |
|
Other debtors |
- |
|
- |
|
Creditors |
Creditors: amounts falling due within one year
2023 |
2022 |
|
Due within one year |
||
Other creditors |
|
|
Harveys Jersey Cream Limited
Notes to the Unaudited Financial Statements for the Year Ended 31 March 2023
Related party transactions |
The company is a corporate partner in Langage Farm LLP. The directors of this company are also partners in that enterprise. The company's investment in Langage Farm LLP at the end of the period was £3,940,427 (2022: £3,575,994).