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REGISTERED NUMBER: 06185537 (England and Wales)










Financial Statements

for the Year Ended 31st March 2025

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 2025




Page

Balance Sheet 1

Notes to the Financial Statements 3


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

Balance Sheet
31st March 2025

2025 2024
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 1,084,553 852,288

CURRENT ASSETS
Stocks 358,178 120
Debtors 5 40,203 51,106
Cash at bank 182,521 91,424
580,902 142,650
CREDITORS
Amounts falling due within one year 6 477,970 80,440
NET CURRENT ASSETS 102,932 62,210
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,187,485

914,498

PROVISIONS FOR LIABILITIES 193,797 149,667
NET ASSETS 993,688 764,831

CAPITAL AND RESERVES
Called up share capital 2,000 2,000
Fair value reserve 7 499,631 298,310
Retained earnings 492,057 464,521
SHAREHOLDERS' FUNDS 993,688 764,831

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31st March 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31st March 2025 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 2025


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 25th July 2025 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 2025

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 and hire of boats, excluding value added tax.

Tangible fixed assets
Freehold value has been valued at fair value.
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
Work in progress is valued at the lower of cost and net realisable value.

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was NIL (2024 - NIL).

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

Notes to the Financial Statements - continued
for the Year Ended 31st March 2025

4. TANGIBLE FIXED ASSETS
Freehold Plant and
property Boats machinery Tractors Totals
£    £    £    £    £   
COST OR VALUATION
At 1st April 2024 362,879 534,701 178,993 148,496 1,225,069
Additions - 74,950 60,420 - 135,370
Disposals - - (6,700 ) - (6,700 )
Revaluations 201,321 - - - 201,321
At 31st March 2025 564,200 609,651 232,713 148,496 1,555,060
DEPRECIATION
At 1st April 2024 - 210,896 87,988 73,897 372,781
Charge for year - 59,814 22,142 18,650 100,606
Eliminated on disposal - - (2,880 ) - (2,880 )
At 31st March 2025 - 270,710 107,250 92,547 470,507
NET BOOK VALUE
At 31st March 2025 564,200 338,941 125,463 55,949 1,084,553
At 31st March 2024 362,879 323,805 91,005 74,599 852,288

Included in cost or valuation of land and buildings is freehold land of £ 564,200 (2024 - £ 362,879 ) which is not depreciated.

Cost or valuation at 31st March 2025 is represented by:

Freehold Plant and
property Boats machinery Tractors Totals
£    £    £    £    £   
Valuation in 2015 298,310 - - - 298,310
Valuation in 2025 201,321 - - - 201,321
Cost 64,569 609,651 232,713 148,496 1,055,429
564,200 609,651 232,713 148,496 1,555,060

If the freehold property had not been revalued it would have been included at the following historical cost:

2025 2024
£    £   
Cost 64,569 64,569

Value of land in freehold land and buildings 564,200 362,879

Freehold property was valued on a fair value basis on 31st March 2025 by the directors .

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

Notes to the Financial Statements - continued
for the Year Ended 31st March 2025

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2025 2024
£    £   
Trade debtors 38,363 40,005
Other debtors 1,840 11,101
40,203 51,106

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2025 2024
£    £   
Trade creditors 71,429 55,879
Taxation and social security 2,513 1,110
Other creditors 404,028 23,451
477,970 80,440

7. RESERVES
Fair
value
reserve
£   
At 1st April 2024 298,310
Revaluation 201,321

At 31st March 2025 499,631