1 March 2021 false Taxfiler 2022.8.3 true 13062424business:PrivateLimitedCompanyLtd2021-03-012021-12-31 130624242021-02-28 130624242021-03-012021-12-31 13062424business:AuditExemptWithAccountantsReport2021-03-012021-12-31 13062424business:FullAccounts2021-03-012021-12-31 130624242021-12-31 13062424business:Director12021-03-012021-12-31 13062424business:RegisteredOffice2021-03-012021-12-31 13062424core:WithinOneYear2021-12-31 13062424core:ShareCapital2021-12-31 13062424core:RetainedEarningsAccumulatedLosses2021-12-31 13062424business:SmallEntities2021-03-012021-12-31 13062424countries:EnglandWales2021-03-012021-12-31 13062424business:OrdinaryShareClass12021-03-012021-12-31 iso4217:GBP xbrli:shares xbrli:pure
Company Registration No. 13062424 (England and Wales)
L TREHARNE LTD Unaudited accounts for the period from 1 March 2021 to 31 December 2021
L TREHARNE LTD Unaudited accounts Contents
Page
- 2 -
L TREHARNE LTD Company Information for the period from 1 March 2021 to 31 December 2021
Director
Lewis James Treharne
Company Number
13062424 (England and Wales)
Registered Office
12E MANOR ROAD LONDON N16 5SA UNITED KINGDOM
Accountants
Brian G. Lonis & Co Ltd Accountants & Business Consultants 12E Manor Road London N16 5SA
- 3 -
L TREHARNE LTD Statement of financial position as at 31 December 2021
2021 
Notes
£ 
Current assets
Inventories
6,855 
Cash at bank and in hand
105 
6,960 
Creditors: amounts falling due within one year
(8,920)
Net current liabilities
(1,960)
Net liabilities
(1,960)
Capital and reserves
Called up share capital
100 
Profit and loss account
(2,060)
Shareholders' funds
(1,960)
For the period ending 31 December 2021 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 4 September 2022 and were signed on its behalf by
Lewis James Treharne Director Company Registration No. 13062424
- 4 -
L TREHARNE LTD Notes to the Accounts for the period from 1 March 2021 to 31 December 2021
1
Statutory information
L TREHARNE LTD is a private company, limited by shares, registered in England and Wales, registration number 13062424. The registered office is 12E MANOR ROAD, LONDON, N16 5SA, UNITED KINGDOM.
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.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Inventories
Inventories have been valued at the lower of cost and estimated selling price less costs to complete and sell. In respect of work in progress and finished goods, cost includes a relevant proportion of overheads according to the stage of manufacturing/completion.
Deferred taxation
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws. Deferred tax assets and liabilities are not discounted.
Research and development
Expenditure on research and development is written off in the year in which it is incurred.
Foreign exchange
Monetary assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rates of exchange ruling at the date of the transaction. Exchange differences are taken into account in arriving at the operating profit.
- 5 -
L TREHARNE LTD Notes to the Accounts for the period from 1 March 2021 to 31 December 2021
Leased assets
Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged against profit on a straight line basis over the lease term. Assets held under finance leases and hire purchase contracts are capitalised and depreciated over their useful lives. The corresponding lease or hire purchase obligation is treated in the balance sheet as a liability. The interest element of rental obligations is charged to the profit and loss account over the period of the lease at a constant proportion of the outstanding balance of capital repayments.
Going concern
The directors have identified material uncertainties related to events or conditions that may cast significant doubt about the company's ability to continue as a going concern, however, the going concern basis remains appropriate.
4
Creditors: amounts falling due within one year
2021 
£ 
Loans from directors
8,320 
Accruals
600 
8,920 
5
Share capital
2021 
£ 
Allotted, called up and fully paid:
100 Ordinary shares of £1 each
100 
6
Transactions with related parties
At the balance sheet date, the director was owed by the company £8,320.
7
Controlling party
The company's ultimate controlling party is Lewis James Treharne by virtue of his ownership of 100% of the issues share capital in the company.
8
Average number of employees
During the period the average number of employees was 1.
- 6 -