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REGISTERED NUMBER: 04985102 (England and Wales)



















UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2021

FOR

TERRAVISION TRANSPORT LIMITED

TERRAVISION TRANSPORT LIMITED (REGISTERED NUMBER: 04985102)






CONTENTS OF THE FINANCIAL STATEMENTS
for the Year Ended 31 DECEMBER 2021




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


TERRAVISION TRANSPORT LIMITED

COMPANY INFORMATION
for the Year Ended 31 DECEMBER 2021







DIRECTORS: Mr N Petroni
Ms M S Taverniti





REGISTERED OFFICE: 260 - 270 Butterfield
Great Marlings
Luton
Bedfordshire
LU2 8DL





REGISTERED NUMBER: 04985102 (England and Wales)





ACCOUNTANTS: Foxley Kingham
Chartered Accountants
260 - 270 Butterfield
Great Marlings
Luton
Bedfordshire
LU2 8DL

TERRAVISION TRANSPORT LIMITED (REGISTERED NUMBER: 04985102)

BALANCE SHEET
31 DECEMBER 2021

2021 2020
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 - -
Investments 5 359,435 359,435
359,435 359,435

CURRENT ASSETS
Debtors 6 2,667,015 1,956,656
Cash at bank and in hand 1,453 357
2,668,468 1,957,013
CREDITORS
Amounts falling due within one year 7 888,872 155,508
NET CURRENT ASSETS 1,779,596 1,801,505
TOTAL ASSETS LESS CURRENT
LIABILITIES

2,139,031

2,160,940

CREDITORS
Amounts falling due after more than one
year

8

37,500

46,667
NET ASSETS 2,101,531 2,114,273

CAPITAL AND RESERVES
Called up share capital 900 900
Retained earnings 9 2,100,631 2,113,373
SHAREHOLDERS' FUNDS 2,101,531 2,114,273

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2021 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.

TERRAVISION TRANSPORT LIMITED (REGISTERED NUMBER: 04985102)

BALANCE SHEET - continued
31 DECEMBER 2021


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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 10 August 2022 and were signed on its behalf by:





Mr N Petroni - Director


TERRAVISION TRANSPORT LIMITED (REGISTERED NUMBER: 04985102)

NOTES TO THE FINANCIAL STATEMENTS
for the Year Ended 31 DECEMBER 2021

1. STATUTORY INFORMATION

Terravision Transport 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.

The presentation currency of the financial statements is the Pound Sterling (£).


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 represents net invoiced supply of services, excluding value added tax.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Fixtures and fittings - 20% on cost

Tangible fixed assets are measured at cost and depreciated in line with the depreciation policies mentioned.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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.

Foreign currencies
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 rate of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result.

Fixed asset investments
The fixed asset investments are stated at cost less any permanent diminution in value.

Operating lease commitments
Rentals paid under operating leases are charged to the profit and loss account on a straight line basis over the period of the lease.

3. EMPLOYEES AND DIRECTORS

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

TERRAVISION TRANSPORT LIMITED (REGISTERED NUMBER: 04985102)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 31 DECEMBER 2021

4. TANGIBLE FIXED ASSETS
Fixtures
and
fittings
£   
COST
At 1 January 2021
and 31 December 2021 18,311
DEPRECIATION
At 1 January 2021
and 31 December 2021 18,311
NET BOOK VALUE
At 31 December 2021 -
At 31 December 2020 -

5. FIXED ASSET INVESTMENTS
Shares in
group
undertakings
£   
COST
At 1 January 2021
and 31 December 2021 359,435
NET BOOK VALUE
At 31 December 2021 359,435
At 31 December 2020 359,435

6. DEBTORS
2021 2020
£    £   
Amounts falling due within one year:
Amounts owed by group 752,367 752,367
Amounts owed by related party 1,293,324 1,108,159
Other debtors 60,396 96,130
2,106,087 1,956,656

Amounts falling due after more than one year:
Amounts owed by group 560,928 -

Aggregate amounts 2,667,015 1,956,656

TERRAVISION TRANSPORT LIMITED (REGISTERED NUMBER: 04985102)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 31 DECEMBER 2021

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2021 2020
£    £   
Bank loans and overdrafts 10,000 3,333
Trade creditors 137 302
Amounts owed to group undertakings 779,866 -
Amounts owed to participating interests 56,771 90,515
VAT 2,754 7,249
Other creditors 18,031 18,031
Accrued expenses 21,313 36,078
888,872 155,508

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2021 2020
£    £   
Bank loans 10,000 10,000
Bank loans - 2-5 years 27,500 30,000
Bank loans more than 5 years - 6,667
37,500 46,667

Amounts falling due in more than five years:

Repayable by instalments
Bank loans more than 5 years - 6,667

9. RESERVES
Retained
earnings
£   

At 1 January 2021 2,113,373
Deficit for the year (12,742 )
At 31 December 2021 2,100,631

10. ULTIMATE CONTROLLING PARTY

The ultimate controlling party is Ms M S Taverniti.