Company Registration No. 09598264 (England and Wales)
Hennessy Estates Limited
Unaudited accounts
for the year ended 31 May 2023
Hennessy Estates Limited
Unaudited accounts
Contents
Hennessy Estates Limited
Company Information
for the year ended 31 May 2023
Director
Joel Christopher Wood
Company Number
09598264 (England and Wales)
Registered Office
65 BEECH GARDENS
RAINFORD
ST HELENS
MERSEYSIDE
WA11 8DW
ENGLAND
Hennessy Estates Limited
Statement of financial position
as at 31 May 2023
Tangible assets
74,209
77,761
Investment property
270,375
270,375
Cash at bank and in hand
45
(194)
Creditors: amounts falling due within one year
(112,829)
(104,724)
Net current liabilities
(111,110)
(104,918)
Total assets less current liabilities
233,474
243,218
Creditors: amounts falling due after more than one year
(233,943)
(236,477)
Net (liabilities)/assets
(469)
6,741
Called up share capital
100
100
Profit and loss account
(569)
6,641
Shareholders' funds
(469)
6,741
For the year ending 31 May 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 2 April 2023 and were signed on its behalf by
Joel Christopher Wood
Director
Company Registration No. 09598264
Hennessy Estates Limited
Notes to the Accounts
for the year ended 31 May 2023
Hennessy Estates Limited is a private company, limited by shares, registered in England and Wales, registration number 09598264. The registered office is 65 BEECH GARDENS, RAINFORD, ST HELENS, MERSEYSIDE, WA11 8DW, ENGLAND.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Land & buildings
1% straight line
Fixtures & fittings
33% straight line
Computer equipment
33% straight line
The directors have not carried out a valuation of the investment property at the balance sheet date as required by FRS 102, Section 16 'Investment Property'. In the absence of a fair value for the investment at the balance sheet date, it is not possible for the balance sheet to reflect the fair value of the investment property. Any consequential adjustment to the carrying amount of the investment property would be recorded in the profit and loss for the year..
Hennessy Estates Limited
Notes to the Accounts
for the year ended 31 May 2023
4
Tangible fixed assets
Land & buildings
Fixtures & fittings
Computer equipment
Total
Cost or valuation
At cost
At cost
At cost
At 1 June 2022
75,723
8,242
5,102
89,067
At 31 May 2023
75,723
8,242
5,102
89,067
At 1 June 2022
757
5,651
4,898
11,306
Charge for the year
757
2,591
204
3,552
At 31 May 2023
1,514
8,242
5,102
14,858
At 31 May 2023
74,209
-
-
74,209
At 31 May 2022
74,966
2,591
204
77,761
Fair value at 1 June 2022
270,375
Amounts falling due within one year
7
Creditors: amounts falling due within one year
2023
2022
Bank loans and overdrafts
1,426
1,389
Taxes and social security
3,988
3,771
Loans from directors
104,180
95,933
8
Creditors: amounts falling due after more than one year
2023
2022
Bank loans
233,943
236,477
9
Average number of employees
During the year the average number of employees was 1 (2022: 1).