Company registration number:
03036772
Tyrolese (314) Limited
Unaudited filleted financial statements
31 December 2021
TYROLESE (314) LIMITED
DIRECTORS AND OTHER INFORMATION
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Directors |
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Ms J C V Bailey |
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Mr N S Walkington |
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Mrs D O'Callaghan |
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Secretary |
Ms J C V Bailey |
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Company number |
03036772 |
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Registered office |
26-28 Southernhay East |
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Exeter |
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Devon |
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EX1 1NS |
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Accountants |
Thomas Westcott |
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26-28 Southernhay East |
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Exeter |
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Devon |
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EX1 1NS |
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TYROLESE (314) LIMITED
STATEMENT OF FINANCIAL POSITION
31 DECEMBER 2021
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2021 |
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2020 |
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Note |
£ |
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£ |
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£ |
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£ |
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Current assets |
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Debtors |
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6 |
1,500 |
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300 |
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Cash at bank and in hand |
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8,046 |
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7,543 |
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_______ |
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_______ |
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9,546 |
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7,843 |
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Creditors: amounts falling due |
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within one year |
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7 |
(
2,387) |
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(
2,316) |
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_______ |
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_______ |
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Net current assets |
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7,159 |
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5,527 |
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_______ |
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Total assets less current liabilities |
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7,159 |
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5,527 |
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_______ |
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Net assets |
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7,159 |
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5,527 |
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_______ |
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_______ |
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Capital and reserves |
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Called up share capital |
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4 |
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4 |
Profit and loss account |
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8 |
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7,155 |
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5,523 |
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_______ |
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_______ |
Shareholders funds |
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7,159 |
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5,527 |
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_______ |
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_______ |
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For the year ending 31 December 2021 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Directors responsibilities:
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The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476;
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The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
In accordance with section 444 of the Companies Act 2006, the statement of comprehensive income has not been delivered.
These financial statements were approved by the
board of directors
and authorised for issue on
02 September 2022
, and are signed on behalf of the board by:
Ms J C V Bailey
Director
Company registration number:
03036772
TYROLESE (314) LIMITED
NOTES TO THE FINANCIAL STATEMENTS
YEAR ENDED 31 DECEMBER 2021
1.
General information
The company is a private company limited by shares, registered in England. The address of the registered office is 26-28 Southernhay East, Exeter, Devon, EX1 1NS.
Principal activity
The principal activity of the company continued to be that of the management of 83 St.Quintin Avenue, London, W10 6PB. The company does not trade with a view to making a profit.
2.
Statement of compliance
These financial statements have been prepared in compliance with the provisions of FRS 102, Section 1A, 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
3.
Accounting policies
Basis of preparation
The financial statements have been prepared on the historical cost basis.The financial statements are prepared in sterling, which is the functional currency of the entity
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Changes in accounting policies
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 have also been consistently applied.
Judgements and key sources of estimation uncertainty
The preparation of the financial statements requires management to make judgements, estimates and assumptions that affect the amounts reported. These estimates and judgements are continually reviewed and are based on experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances.Accounting estimates and assumptions are made concerning the future and, by their nature, will rarely equal the related actual outcome.
Turnover
Turnover represents the total value of goods provided to customers during the year, plus the value of work performed during the year with respect to services.
Tangible assets
Tangible assets are initially recorded at cost, and is subsequently stated at cost less any accumulated depreciation and any accumulated impairment losses.
Depreciation
Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:
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Land and buildings |
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100% written off in first year |
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Leasehold properties |
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Straight line over the life of the lease |
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If there is an indication that there has been a significant change in depreciation rate, useful life or residual value of tangible assets, the depreciation is revised prospectively to reflect the new estimates.
Impairment
A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date.
Cash and cash equivalents
Cash and cash equivalents comprise cash at bank and in hand, demand deposits with banks and other short-term highly liquid investments with original maturities of three months or less and bank overdrafts. In the statement of financial position, bank overdrafts are shown within borrowing or current liabilities.
Financial instruments
A financial asset or a financial liability is recognised only when the company becomes a party to the contractual provisions of the instrument. Basic financial instruments are initially recognised at the transaction price, unless the arrangement constitutes a financing transaction, where it is recognised at the present value of the future payments discounted at a market rate of interest for a similar debt instrument.Debt instruments are subsequently measured at amortised cost.Financial assets that are measured at cost or amortised cost are reviewed for objective evidence of impairment at theend of each reporting date. If there is objective evidence of impairment, an impairment loss is recognised in profit or loss immediately.
4.
Employee numbers
The average number of persons employed by the company during the year amounted to
4
(2020:
4
).
5.
Tangible assets
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Freehold property |
Long leasehold property |
Total |
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£ |
£ |
£ |
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Cost |
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At 1 January 2021 and 31 December 2021 |
1,750 |
3,377 |
5,127 |
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_______ |
_______ |
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Depreciation |
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At 1 January 2021 and 31 December 2021 |
1,750 |
3,377 |
5,127 |
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_______ |
_______ |
_______ |
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Carrying amount |
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At 31 December 2021 |
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- |
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_______ |
_______ |
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At 31 December 2020 |
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- |
- |
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_______ |
_______ |
_______ |
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6.
Debtors
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2021 |
2020 |
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£ |
£ |
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Trade debtors |
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1,500 |
300 |
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_______ |
_______ |
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7.
Creditors: amounts falling due within one year
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2021 |
2020 |
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£ |
£ |
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Accruals and deferred income |
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2,387 |
2,316 |
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_______ |
_______ |
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8.
Reserves
Profit and loss account:This reserve records retained earnings and accumulated losses.