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REGISTERED NUMBER: 05987186












Report of the Director and

Financial Statements

for the Year Ended 31 October 2021

for

Threshold (GB) Limited

Threshold (GB) Limited (Registered number: 05987186)






Contents of the Financial Statements
for the year ended 31 October 2021




Page

Company Information 1

Report of the Director 2

Income Statement 3

Balance Sheet 4

Notes to the Financial Statements 6


Threshold (GB) Limited

Company Information
for the year ended 31 October 2021







DIRECTOR: K Piggott





SECRETARY: Mrs J K Piggott





REGISTERED OFFICE: 8 Brockham Grange
Sherfield n Loddon
Hampshire
RG27 0FT





REGISTERED NUMBER: 05987186





ACCOUNTANTS: Susan Huntley
8 Brockham Grange
Sherfield n Loddon
Hampshire
RG27 0FT

Threshold (GB) Limited (Registered number: 05987186)

Report of the Director
for the year ended 31 October 2021

The director presents his report with the financial statements of the company for the year ended 31 October 2021.

PRINCIPAL ACTIVITY
The principal activity of the company in the year under review was that of Renting and operating of housing association real estate

DIRECTOR
K Piggott held office during the whole of the period from 1 November 2020 to the date of this report.

This report has been prepared in accordance with the provisions of Part 15 of the Companies Act 2006 relating to small companies.

ON BEHALF OF THE BOARD:





K Piggott - Director


7 September 2022

Threshold (GB) Limited (Registered number: 05987186)

Income Statement
for the year ended 31 October 2021

2021 2020
£    £   

TURNOVER 27,093 28,175

Administrative expenses 29,339 23,242
OPERATING (LOSS)/PROFIT and
(LOSS)/PROFIT BEFORE TAXATION (2,246 ) 4,933

Tax on (loss)/profit - 937
(LOSS)/PROFIT FOR THE FINANCIAL
YEAR

(2,246

)

3,996

Threshold (GB) Limited (Registered number: 05987186)

Balance Sheet
31 October 2021

2021 2020
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 474,649 474,649

CURRENT ASSETS
Debtors 5 - 13,080
Cash at bank 5,791 8,601
5,791 21,681
CREDITORS
Amounts falling due within one year 6 22,042 23,987
NET CURRENT LIABILITIES (16,251 ) (2,306 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

458,398

472,343

CREDITORS
Amounts falling due after more than one
year

7

475,821

487,520
NET LIABILITIES (17,423 ) (15,177 )

CAPITAL AND RESERVES
Called up share capital 2 2
Retained earnings (17,425 ) (15,179 )
(17,423 ) (15,177 )

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 October 2021.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 October 2021 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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.

Threshold (GB) Limited (Registered number: 05987186)

Balance Sheet - continued
31 October 2021


The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

The financial statements were approved by the director and authorised for issue on 7 September 2022 and were signed by:





K Piggott - Director


Threshold (GB) Limited (Registered number: 05987186)

Notes to the Financial Statements
for the year ended 31 October 2021

1. STATUTORY INFORMATION

Threshold (GB) Limited is a private company, limited by shares , registered in Not specified/Other. 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.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

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

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.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was NIL (2020 - 2 ).

Threshold (GB) Limited (Registered number: 05987186)

Notes to the Financial Statements - continued
for the year ended 31 October 2021

4. TANGIBLE FIXED ASSETS
Plant and
Land and machinery
buildings etc Totals
£    £    £   
COST
At 1 November 2020
and 31 October 2021 474,649 700 475,349
DEPRECIATION
At 1 November 2020
and 31 October 2021 - 700 700
NET BOOK VALUE
At 31 October 2021 474,649 - 474,649
At 31 October 2020 474,649 - 474,649

5. DEBTORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2021 2020
£    £   
Other debtors - 13,080

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2021 2020
£    £   
Trade creditors - 1
Taxation and social security - 1,944
Other creditors 22,042 22,042
22,042 23,987

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2021 2020
£    £   
Other creditors 475,821 487,520