Harveys Jersey Cream Limited 04226712 false 2022-04-01 2023-03-31 2023-03-31 The principal activity of the company is the manufacture and distribution of dairy products Digita Accounts Production Advanced 6.30.9574.0 true 04226712 2022-04-01 2023-03-31 04226712 2023-03-31 04226712 core:CurrentFinancialInstruments 2023-03-31 04226712 core:CurrentFinancialInstruments core:WithinOneYear 2023-03-31 04226712 bus:SmallEntities 2022-04-01 2023-03-31 04226712 bus:AuditExemptWithAccountantsReport 2022-04-01 2023-03-31 04226712 bus:FullAccounts 2022-04-01 2023-03-31 04226712 bus:SmallCompaniesRegimeForAccounts 2022-04-01 2023-03-31 04226712 bus:RegisteredOffice 2022-04-01 2023-03-31 04226712 bus:CompanySecretaryDirector1 2022-04-01 2023-03-31 04226712 bus:Director2 2022-04-01 2023-03-31 04226712 bus:PrivateLimitedCompanyLtd 2022-04-01 2023-03-31 04226712 bus:Agent1 2022-04-01 2023-03-31 04226712 countries:England 2022-04-01 2023-03-31 04226712 2022-03-31 04226712 2021-04-01 2022-03-31 04226712 2022-03-31 04226712 core:CurrentFinancialInstruments 2022-03-31 04226712 core:CurrentFinancialInstruments core:WithinOneYear 2022-03-31 iso4217:GBP xbrli:pure

Registration number: 04226712

Harveys Jersey Cream Limited

Annual Report and Unaudited Financial Statements

for the Year Ended 31 March 2023

 

Harveys Jersey Cream Limited

Contents

Company Information

1

Accountants' Report

2

Balance Sheet

3 to 4

Notes to the Unaudited Financial Statements

5 to 7

 

Harveys Jersey Cream Limited

Company Information

Directors

Mr L R Harvey

Mr J R Harvey

Company secretary

Mr L R Harvey

Registered office

Langage Farm
Higher Challonsleigh
Smithaleigh
Plymouth
PL7 5AY

Accountants

Houndiscombe Consultants Limited
T/A Condy Mathias Chartered Accountants
6 Houndiscombe Road
Plymouth
Devon
PL4 6HH

 

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.

......................................

Houndiscombe Consultants Limited
T/A Condy Mathias Chartered Accountants
6 Houndiscombe Road
Plymouth
Devon
PL4 6HH

12 October 2023

 

Harveys Jersey Cream Limited

(Registration number: 04226712)
Balance Sheet as at 31 March 2023

Note

2023
£

2022
£

Fixed assets

 

Investment property

4

380,000

380,000

Investments

5

3,940,427

3,575,994

 

4,320,427

3,955,994

Current assets

 

Debtors

6

-

10,000

Cash at bank and in hand

 

1,609

616

 

1,609

10,616

Creditors: Amounts falling due within one year

7

(80,879)

(64,793)

Net current liabilities

 

(79,270)

(54,177)

Net assets

 

4,241,157

3,901,817

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 members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and

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 Board on 4 October 2023 and signed on its behalf by:
 

.........................................

Mr J R Harvey

Director

 

Harveys Jersey Cream Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2023

1

General information

The company is a private company limited by share capital, incorporated in England.

The address of its registered office is:
Langage Farm
Higher Challonsleigh
Smithaleigh
Plymouth
PL7 5AY

2

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

Investment property is carried at fair value, derived from the current market prices for comparable real estate determined annually by the director. The director uses observable market prices, adjusted if necessary for any difference in the nature, location or condition of the specific asset. Changes in fair value are recognised in profit or loss.

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

3

Staff numbers

The average number of persons employed by the company (including directors) during the year, was 2 (2022 - 2).

4

Investment properties

2023
£

At 1 April

380,000

At 31 March

380,000

There has been no valuation of investment property by an independent valuer.

5

Investments

2023
£

2022
£

Investments in associates

3,940,427

3,575,994

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.

6

Debtors

2023
£

2022
£

Other debtors

-

10,000

-

10,000

7

Creditors

Creditors: amounts falling due within one year

2023
£

2022
£

Due within one year

Other creditors

80,879

64,793

 

Harveys Jersey Cream Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2023

8

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).