A J Hassell Limited - Accounts to registrar (filleted) - small 23.1

REGISTERED NUMBER: 01047853 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 JULY 2022

FOR

A J HASSELL LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

Accountants' Report

6

DIRECTORS:

R J Hassell

A J Holder

A Hassell

SECRETARY:

R J Hassell

REGISTERED OFFICE:

Pitfield Barn

Wartling Road

Wartling

East Sussex

BN27 1RR

REGISTERED NUMBER:

01047853 (England and Wales)

ACCOUNTANTS:

Ashdown Hurrey

Chartered Accountants & Business Advisers

20 Havelock Road

Hastings

East Sussex

TN34 1BP

FIXED ASSETS

Tangible assets

4

-

-

Investments

5

929,520

1,284,144

929,520

1,284,144

CURRENT ASSETS

Debtors

6

465

524

Cash at bank and in hand

822,453

727,140

822,918

727,664

CREDITORS

Amounts falling due within one year

7

53,210

37,858

NET CURRENT ASSETS

769,708

689,806

TOTAL ASSETS LESS CURRENT LIABILITIES

1,699,228

1,973,950

CAPITAL AND RESERVES

Called up share capital

4,502

4,502

Revaluation reserve

8

5,722

323,670

Retained earnings

1,689,004

1,645,778

SHAREHOLDERS' FUNDS

1,699,228

1,973,950

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 July 2022.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 July 2022 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.

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 19 April 2023 and were signed on its behalf by:

R J Hassell - Director

1.	STATUTORY INFORMATION

A J Hassell 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.

In preparing the financial statements, the directors are required to make an assessment of the ability of the company to continue as a going concern.

During the current and previous year there has been no civil engineering or property development income. The company holds investments in shares.

The directors have considered all available evidence for the company which covers the 12 month period from the date of signing these financial statements.The directors are satisfied that the company has adequate resources to continue in operational existence and to meet its liabilities as they fall due for the foreseeable future. As a result, the directors have concluded that it remains appropriate to adopt a going concern basis of preparation in these financial statements.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Plant and machinery etc

-

33% on cost, 25% on reducing balance and 15% on reducing balance

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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was NIL (2021 - NIL).

4.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1 August 2021

53,666

Disposals

(5,352

)

At 31 July 2022

48,314

DEPRECIATION

At 1 August 2021

53,666

Eliminated on disposal

(5,352

)

At 31 July 2022

48,314

NET BOOK VALUE

At 31 July 2022

-

5.	FIXED ASSET INVESTMENTS

Other

investments

£

COST OR VALUATION

At 1 August 2021

1,284,144

Additions

204,451

Disposals

(373,556

)

Revaluations

(185,519

)

At 31 July 2022

929,520

NET BOOK VALUE

At 31 July 2022

929,520

At 31 July 2021

1,284,144

Cost or valuation at 31 July 2022 is represented by:

Other

investments

£

Valuation in 2013

33,346

Valuation in 2014

(1,062

)

Valuation in 2015

12,757

Valuation in 2016

(11,695

)

Valuation in 2017

33,835

Valuation in 2018

35,659

Valuation in 2019

(71,642

)

Valuation in 2020

(62,088

)

Valuation in 2021

222,130

Valuation in 2022

(185,519

)

Cost

923,799

929,520

If fixed asset investments had not been revalued they would have been included at the following historical cost:

31.7.22

31.7.21

£

£

Cost

923,799

960,473

Fixed asset investments were valued on an open market value basis on 31 July 2022 by Hargreaves Lansdown Asset Management Ltd .

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.7.22

31.7.21

£

£

Other debtors

465

524

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.7.22

31.7.21

£

£

Taxation and social security

11,756

-

Other creditors

41,454

37,858

53,210

37,858

8.

RESERVES

Revaluation

reserve

£

At 1 August 2021

323,670

Revaluation of investments

(185,518

)

Realisation of revalued amount

(132,430

)

At 31 July 2022

5,722

9.	RELATED PARTY DISCLOSURES

The following reproduces the text of the report prepared for the directors in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Directors are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of A J Hassell Limited for the year ended 31 July 2022 which comprise the Income Statement, Balance Sheet, Statement of Changes in Equity and the related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the Board of Directors of A J Hassell Limited, as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of A J Hassell Limited and state those matters that we have agreed to state to the Board of Directors of A J Hassell Limited, as a body, in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than A J Hassell Limited and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that A J Hassell Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and loss of A J Hassell Limited. You consider that A J Hassell Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of A J Hassell Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.

Ashdown Hurrey

Chartered Accountants & Business Advisers

20 Havelock Road

Hastings

East Sussex

TN34 1BP

19 April 2023