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REGISTERED NUMBER: 00316628 (England and Wales)












FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2023

FOR

W.J. & M.MASH LIMITED

W.J. & M.MASH LIMITED (REGISTERED NUMBER: 00316628)






CONTENTS OF THE FINANCIAL STATEMENTS
for the Year Ended 31 March 2023




Page

Company Information 1

Balance Sheet 2 to 3

Notes to the Financial Statements 4 to 7


W.J. & M.MASH LIMITED

COMPANY INFORMATION
for the Year Ended 31 March 2023







DIRECTORS: D M Mash
H J Mash





REGISTERED OFFICE: Torrington Farm
Grove Lane
Chesham
Buckinghamshire
HP5 3QG





REGISTERED NUMBER: 00316628 (England and Wales)





ACCOUNTANTS: COLIN GRAY & CO. LIMITED
Chartered Accountants
Hardy House
Northbridge Road
Berkhamsted
Hertfordshire
HP4 1EF

W.J. & M.MASH LIMITED (REGISTERED NUMBER: 00316628)

BALANCE SHEET
31 March 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 3,947,341 4,040,675
Investments 5 101 1
Investment property 6 21,751,522 20,450,916
25,698,964 24,491,592

CURRENT ASSETS
Stocks 462,976 336,002
Debtors 7 1,258,087 1,429,102
Cash at bank 464,926 1,715,326
2,185,989 3,480,430
CREDITORS
Amounts falling due within one year 8 4,615,012 10,170,895
NET CURRENT LIABILITIES (2,429,023 ) (6,690,465 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

23,269,941

17,801,127

CREDITORS
Amounts falling due after more than one
year

9

(923,063

)

(935,123

)

PROVISIONS FOR LIABILITIES (1,649,337 ) (1,596,184 )
NET ASSETS 20,697,541 15,269,820

CAPITAL AND RESERVES
Called up share capital 20,000 20,000
Capital redemption reserve 20,000 20,000
Retained earnings 20,657,541 15,229,820
SHAREHOLDERS' FUNDS 20,697,541 15,269,820

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.

W.J. & M.MASH LIMITED (REGISTERED NUMBER: 00316628)

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 1 March 2024 and were signed on its behalf by:




D M Mash - Director



H J Mash - Director


W.J. & M.MASH LIMITED (REGISTERED NUMBER: 00316628)

NOTES TO THE FINANCIAL STATEMENTS
for the Year Ended 31 March 2023

1. STATUTORY INFORMATION

W.J. & M.Mash 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 as modified by the revaluation of certain assets.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Land and buildings - 4% on cost
Plant and machinery etc - 20% on cost and at variable rates on reducing balance

Investments in subsidiaries
Investments in subsidiary undertakings are recognised at cost.

Investment property
Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

Stocks
Stock values are included at either market value or on the basis of the lower of cost or net realisable value in compliance with HM Revenue & Customs guidance on farm stocktaking at Business Income Manual (BIM) BIM55410.

Home-bred or substantially home-reared livestock have therefore been appraised on the basis of deemed cost with cattle returned @ 60% of market value and sheep at 75% of market value. The Herd basis convention is not applicable in this case.

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.

W.J. & M.MASH LIMITED (REGISTERED NUMBER: 00316628)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 31 March 2023

2. ACCOUNTING POLICIES - continued

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 7 (2022 - 6 ) .

4. TANGIBLE FIXED ASSETS
Plant and
Land and machinery
buildings etc Totals
£    £    £   
COST
At 1 April 2022 4,206,278 1,354,692 5,560,970
Additions - 45,979 45,979
Disposals - (69,053 ) (69,053 )
At 31 March 2023 4,206,278 1,331,618 5,537,896
DEPRECIATION
At 1 April 2022 689,715 830,580 1,520,295
Charge for year 19,038 115,447 134,485
Eliminated on disposal - (64,225 ) (64,225 )
At 31 March 2023 708,753 881,802 1,590,555
NET BOOK VALUE
At 31 March 2023 3,497,525 449,816 3,947,341
At 31 March 2022 3,516,563 524,112 4,040,675

5. FIXED ASSET INVESTMENTS
Shares in
group
undertakings
£   
COST
At 1 April 2022 1
Additions 100
At 31 March 2023 101
NET BOOK VALUE
At 31 March 2023 101
At 31 March 2022 1

W.J. & M.MASH LIMITED (REGISTERED NUMBER: 00316628)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 31 March 2023

6. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 April 2022 20,450,916
Additions 1,300,606
At 31 March 2023 21,751,522
NET BOOK VALUE
At 31 March 2023 21,751,522
At 31 March 2022 20,450,916

The Investment Properties are at the Directors' valuation. Depreciation has not been charged on the Investment Properties in accordance with the Financial Reporting Standard for Smaller Entities.

Fair value at 31 March 2023 is represented by:
£   
Valuation in 2001 246,525
Valuation in 2008 34,840
Valuation in 2009 1,283,503
Valuation in 2010 (152,503 )
Valuation in 2019 1,296,886
Valuation in 2020 9,342,240
Cost 9,700,031
21,751,522

Investment property comprises of residential and commercial properties. The fair value of the investment property has been arrived at on the basis of a valuation carried out at 31 March 2023 by the directors. The valuation of residential properties was made on an open market value basis by reference to market evidence for similar properties The valuation of commercial properties was made based on multiple of expected rental returns, occupancy rates and market conditions.

7. DEBTORS
2023 2022
£    £   
Amounts falling due within one year:
Trade debtors 53,433 108,832
Other debtors 1,204,654 1,318,834
1,258,087 1,427,666

Amounts falling due after more than one year:
Other debtors - 1,436

Aggregate amounts 1,258,087 1,429,102

W.J. & M.MASH LIMITED (REGISTERED NUMBER: 00316628)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 31 March 2023

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Bank loans and overdrafts 16,542 21,023
Hire purchase contracts 13,925 13,925
Trade creditors 337,126 700,552
Taxation and social security 590,382 69,372
Other creditors 3,657,037 9,366,023
4,615,012 10,170,895

9. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2023 2022
£    £   
Bank loans 920,238 932,298
Hire purchase contracts 2,825 2,825
923,063 935,123

10. SECURED DEBTS

The following secured debts are included within creditors:

2023 2022
£    £   
Bank loans 936,780 953,321
Hire purchase contracts 16,750 16,750
953,530 970,071

Bank loans and overdrafts are secured.

Hire purchase finance is secured on the assets concerned.