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REGISTERED NUMBER: 06185537 (England and Wales)










Financial Statements

for the Year Ended 31st March 2023

for

M & J Hussey Enterprises Ltd

M & J Hussey Enterprises Ltd (Registered number: 06185537)






Contents of the Financial Statements
for the Year Ended 31st March 2023




Page

Balance Sheet 1

Notes to the Financial Statements 3


M & J Hussey Enterprises Ltd (Registered number: 06185537)

Balance Sheet
31st March 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 753,946 686,966

CURRENT ASSETS
Stocks 340 3,918
Debtors 5 63,046 65,187
Cash at bank 135,095 167,447
198,481 236,552
CREDITORS
Amounts falling due within one year 6 61,482 40,214
NET CURRENT ASSETS 136,999 196,338
TOTAL ASSETS LESS CURRENT
LIABILITIES

890,945

883,304

PROVISIONS FOR LIABILITIES 130,982 118,255
NET ASSETS 759,963 765,049

CAPITAL AND RESERVES
Called up share capital 2,000 2,000
Fair value reserve 7 298,310 298,310
Retained earnings 459,653 464,739
SHAREHOLDERS' FUNDS 759,963 765,049

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

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

M & J Hussey Enterprises Ltd (Registered number: 06185537)

Balance Sheet - continued
31st 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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 17th October 2023 and were signed on its behalf by:





M J Hussey - Director


M & J Hussey Enterprises Ltd (Registered number: 06185537)

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

1. STATUTORY INFORMATION

M & J Hussey Enterprises Ltd is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address are as below:

Registered number: 06185537

Registered office: Can Court Farm
Hay Lane
Wroughton
Swindon
SN4 9QS

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 represents net invoiced sales of goods and cattle and hire of boats, excluding 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.
Boats - 15% on reducing balance
Plant and machinery - 15% on reducing balance

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

3. EMPLOYEES AND DIRECTORS

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

M & J Hussey Enterprises Ltd (Registered number: 06185537)

Notes to the Financial Statements - continued
for the Year Ended 31st March 2023

4. TANGIBLE FIXED ASSETS
Freehold Plant and
property Boats machinery Tractors Totals
£    £    £    £    £   
COST OR VALUATION
At 1st April 2022 362,879 314,851 150,655 165,796 994,181
Additions - 93,950 34,495 85,000 213,445
Disposals - - (14,675 ) (102,300 ) (116,975 )
At 31st March 2023 362,879 408,801 170,475 148,496 1,090,651
DEPRECIATION
At 1st April 2022 - 175,313 71,272 60,630 307,215
Charge for year - 35,025 16,437 33,156 84,618
Eliminated on disposal - - (10,372 ) (44,756 ) (55,128 )
At 31st March 2023 - 210,338 77,337 49,030 336,705
NET BOOK VALUE
At 31st March 2023 362,879 198,463 93,138 99,466 753,946
At 31st March 2022 362,879 139,538 79,383 105,166 686,966

Cost or valuation at 31st March 2023 is represented by:

Freehold Plant and
property Boats machinery Tractors Totals
£    £    £    £    £   
Valuation in 2015 362,879 314,851 150,655 165,796 994,181
Cost - 93,950 19,820 (17,300 ) 96,470
362,879 408,801 170,475 148,496 1,090,651

If the farm land had not been revalued it would have been included at the following historical cost:

2023 2022
£    £   
Cost 64,569 64,569

Value of land in freehold land and buildings 64,569 64,569

Freehold property was valued on an open market basis basis on 19th January 2015 by WebbPaton Chartered Surveyors .

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 42,532 62,061
Other debtors 20,514 3,126
63,046 65,187

M & J Hussey Enterprises Ltd (Registered number: 06185537)

Notes to the Financial Statements - continued
for the Year Ended 31st March 2023

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade creditors 59,105 36,340
Taxation and social security - 791
Other creditors 2,377 3,083
61,482 40,214

7. RESERVES
Fair
value
reserve
£   
At 1st April 2022
and 31st March 2023 298,310