Bushey Investments Limited 04604088 false 2022-12-01 2023-06-30 2023-06-30 The principal activity of the company is property investment. Digita Accounts Production Advanced 6.30.9574.0 true true 04604088 2022-12-01 2023-06-30 04604088 2023-06-30 04604088 bus:OrdinaryShareClass1 2023-06-30 04604088 core:CurrentFinancialInstruments core:WithinOneYear 2023-06-30 04604088 bus:SmallEntities 2022-12-01 2023-06-30 04604088 bus:AuditExemptWithAccountantsReport 2022-12-01 2023-06-30 04604088 bus:FullAccounts 2022-12-01 2023-06-30 04604088 bus:SmallCompaniesRegimeForAccounts 2022-12-01 2023-06-30 04604088 bus:RegisteredOffice 2022-12-01 2023-06-30 04604088 bus:CompanySecretaryDirector1 2022-12-01 2023-06-30 04604088 bus:Director2 2022-12-01 2023-06-30 04604088 bus:Director3 2022-12-01 2023-06-30 04604088 bus:OrdinaryShareClass1 2022-12-01 2023-06-30 04604088 bus:PrivateLimitedCompanyLtd 2022-12-01 2023-06-30 04604088 countries:England 2022-12-01 2023-06-30 04604088 2022-11-30 04604088 2021-12-01 2022-11-30 04604088 2022-11-30 04604088 bus:OrdinaryShareClass1 2022-11-30 04604088 core:CurrentFinancialInstruments core:WithinOneYear 2022-11-30 iso4217:GBP xbrli:pure xbrli:shares

Registration number: 04604088

Bushey Investments Limited

Unaudited Filleted Financial Statements

for the Period from 1 December 2022 to 30 June 2023

 

Bushey Investments Limited

Contents

Company Information

1

Balance Sheet

2 to 3

Notes to the Unaudited Financial Statements

4 to 6

 

Bushey Investments Limited

Company Information

Directors

Mr D M Morris

Mr M Phillips

Mrs E Dagul

Company secretary

Mr D M Morris

Registered office

Capitol House
Saint Marys Road
Watford
Hertfordshire
WD18 0RR

Accountants

Keano Services Limited

 

Bushey Investments Limited

(Registration number: 04604088)
Balance Sheet as at 30 June 2023

Note

2023
£

2022
£

Fixed assets

 

Investment property

4

596,887

550,000

Current assets

 

Cash at bank and in hand

 

969

1,904

Creditors: Amounts falling due within one year

5

(20,900)

(20,600)

Net current liabilities

 

(19,931)

(18,696)

Total assets less current liabilities

 

576,956

531,304

Provisions for liabilities

(62,172)

(38,342)

Net assets

 

514,784

492,962

Capital and reserves

 

Called up share capital

6

600

600

Other reserves

310,215

287,158

Retained earnings

203,969

205,204

Shareholders' funds

 

514,784

492,962

For the financial period ending 30 June 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 period 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. As permitted by section 444 (5A) of the Companies Act 2006, the directors have not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the Board on 21 November 2023 and signed on its behalf by:
 

 

Bushey Investments Limited

(Registration number: 04604088)
Balance Sheet as at 30 June 2023

.........................................
Mr D M Morris
Company secretary and director

.........................................
Mr M Phillips
Director

.........................................
Mrs E Dagul
Director

 

Bushey Investments Limited

Notes to the Unaudited Financial Statements for the Period from 1 December 2022 to 30 June 2023

1

General information

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

The address of its registered office is:
Capitol House
Saint Marys Road
Watford
Hertfordshire
WD18 0RR

These financial statements were authorised for issue by the Board on 21 November 2023.

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.

Going concern

The financial statements have been prepared on a going concern basis.

Tax

The tax expense for the period comprises deferred 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.

Deferred tax is recognised in respect of all timing differences between taxable profits and profits reported in the financial statements.

Unrelieved tax losses and other deferred tax assets are recognised when it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference.

 

Bushey Investments Limited

Notes to the Unaudited Financial Statements for the Period from 1 December 2022 to 30 June 2023

Investment property

Investment property is carried at fair value, derived from the current market prices for comparable real estate determined annually by external valuers. The valuers use 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.

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

3

Staff numbers

The average number of persons employed by the company (including directors) during the period, was 3 (2022 - 3).

4

Investment properties

2023
£

At 1 December

550,000

Fair value adjustments

46,887

At 30 June

596,887

 

Bushey Investments Limited

Notes to the Unaudited Financial Statements for the Period from 1 December 2022 to 30 June 2023

5

Creditors

Creditors: amounts falling due within one year

2023
£

2022
£

Due within one year

Accruals and deferred income

900

600

Other creditors

20,000

20,000

20,900

20,600

6

Share capital

Allotted, called up and fully paid shares

 

2023

2022

 

No.

£

No.

£

Ordinary shares of £1 each

600

600

600

600