| REGISTERED NUMBER: |
| Financial Statements |
| for the Year Ended 31st March 2025 |
| for |
| M & J Hussey Enterprises Ltd |
| REGISTERED NUMBER: |
| 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 |
| CURRENT ASSETS |
| Stocks |
| Debtors | 5 |
| Cash at bank |
| CREDITORS |
| Amounts falling due within one year | 6 |
| NET CURRENT ASSETS |
| TOTAL ASSETS LESS CURRENT LIABILITIES |
| PROVISIONS FOR LIABILITIES |
| NET ASSETS |
| CAPITAL AND RESERVES |
| Called up share capital |
| Fair value reserve | 7 |
| Retained earnings |
| SHAREHOLDERS' FUNDS |
| 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 were approved by the Board of Directors and authorised for issue on |
| 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 |
| Registered number: |
| Registered office: |
| 2. | ACCOUNTING POLICIES |
| Basis of preparing the financial statements |
| 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 |
| Additions |
| Disposals | ( |
) | ( |
) |
| Revaluations |
| At 31st March 2025 |
| DEPRECIATION |
| At 1st April 2024 |
| Charge for year |
| Eliminated on disposal | ( |
) | ( |
) |
| At 31st March 2025 |
| NET BOOK VALUE |
| At 31st March 2025 |
| At 31st March 2024 |
| 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 |
| Other debtors |
| 6. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
| 2025 | 2024 |
| £ | £ |
| Trade creditors |
| Taxation and social security |
| Other creditors |
| 7. | RESERVES |
| Fair |
| value |
| reserve |
| £ |
| At 1st April 2024 |
| Revaluation | 201,321 |
| At 31st March 2025 |