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REGISTERED NUMBER: 06991040 (England and Wales)


























Unaudited Financial Statements

for the Year Ended 31 December 2022

for

Torstrasse 1 Lofts Ltd

Torstrasse 1 Lofts Ltd (Registered number: 06991040)






Contents of the Financial Statements
for the Year Ended 31 December 2022




Page

Company Information 1

Chartered Accountants' Report 2

Balance Sheet 3

Notes to the Financial Statements 4


Torstrasse 1 Lofts Ltd

Company Information
for the Year Ended 31 December 2022







DIRECTOR: T J Robinson





SECRETARY: Camamile Limited





REGISTERED OFFICE: 15 Newland
Lincoln
Lincolnshire
LN1 1XG





REGISTERED NUMBER: 06991040 (England and Wales)





ACCOUNTANTS: Wright Vigar Limited
Chartered Accountants & Business Advisers
15 Newland
Lincoln
Lincolnshire
LN1 1XG

Chartered Accountants' Report to the Director
on the Unaudited Financial Statements of
Torstrasse 1 Lofts Ltd

The following reproduces the text of the report prepared for the director 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 Director 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 Torstrasse 1 Lofts Ltd for the year ended 31 December 2022 which comprise the Income Statement, Balance Sheet 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 director of Torstrasse 1 Lofts Ltd in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Torstrasse 1 Lofts Ltd and state those matters that we have agreed to state to the director of Torstrasse 1 Lofts Ltd 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 Torstrasse 1 Lofts Ltd and its director for our work or for this report.

It is your duty to ensure that Torstrasse 1 Lofts Ltd 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 profit of Torstrasse 1 Lofts Ltd. You consider that Torstrasse 1 Lofts Ltd 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 Torstrasse 1 Lofts Ltd. 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.






Wright Vigar Limited
Chartered Accountants & Business Advisers
15 Newland
Lincoln
Lincolnshire
LN1 1XG


29 September 2023

Torstrasse 1 Lofts Ltd (Registered number: 06991040)

Balance Sheet
31 December 2022

2022 2021
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 22,845 49,712

CURRENT ASSETS
Debtors 5 998,394 873,398
Cash at bank 18,345 4,302
1,016,739 877,700
CREDITORS
Amounts falling due within one year 6 60,168 48,710
NET CURRENT ASSETS 956,571 828,990
TOTAL ASSETS LESS CURRENT
LIABILITIES

979,416

878,702

CAPITAL AND RESERVES
Called up share capital 7 99 99
Retained earnings 979,317 878,603
SHAREHOLDERS' FUNDS 979,416 878,702

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

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

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 director and authorised for issue on 29 September 2023 and were signed by:





T J Robinson - Director


Torstrasse 1 Lofts Ltd (Registered number: 06991040)

Notes to the Financial Statements
for the Year Ended 31 December 2022

1. STATUTORY INFORMATION

Torstrasse 1 Lofts Ltd 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.

Turnover
Turnover represents the value of room hire charges invoiced in the year, excluding value added tax. Revenue is recognised in the period the room was hired out.

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 and 10% on cost

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.

Due to a difference between the location of the Company's registered office and its place of trade the company is subject to a double tax treaty. This treaty ensures that the profits of the company are only subject to tax once. The tax charge recognised in the financial statements represents the total tax due on its activities for the period adjusted for any differences arising due to variances in the tax points between the countries.

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.

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.

3. EMPLOYEES AND DIRECTORS

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

Torstrasse 1 Lofts Ltd (Registered number: 06991040)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2022

4. TANGIBLE FIXED ASSETS
Fixtures
and
fittings
£   
COST
At 1 January 2022
and 31 December 2022 610,841
DEPRECIATION
At 1 January 2022 561,129
Charge for year 26,867
At 31 December 2022 587,996
NET BOOK VALUE
At 31 December 2022 22,845
At 31 December 2021 49,712

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2022 2021
£    £   
Other debtors 998,394 873,398

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2022 2021
£    £   
Trade creditors 30,871 30,070
Taxation and social security 4,150 15,380
Other creditors 25,147 3,260
60,168 48,710

7. CALLED UP SHARE CAPITAL

Allotted and issued:
Number: Class: Nominal 2022 2021
value: £    £   
99 Ordinary £1 99 99