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REGISTERED NUMBER: 13928106 (England and Wales)












Unaudited Financial Statements

for the Period

21 February 2022 to 31 March 2023

for

Turnstyle Holdings Ltd

Turnstyle Holdings Ltd (Registered number: 13928106)

Contents of the Financial Statements
for the Period 21 February 2022 to 31 March 2023










Page

Company Information 1

Abridged Balance Sheet 2

Notes to the Financial Statements 3


Turnstyle Holdings Ltd

Company Information
for the Period 21 February 2022 to 31 March 2023







DIRECTORS: Mr S R Roberts
Mr J Maurice
Mrs C Roberts
Mr O M A Roberts





REGISTERED OFFICE: Baron Way
Roundswell Business Park
Barnstaple
Devon
EX31 3TB





REGISTERED NUMBER: 13928106 (England and Wales)





ACCOUNTANTS: R T Marke & Co Ltd
Chartered Accountants
69 High Street
Bideford
Devon
EX39 2AT

Turnstyle Holdings Ltd (Registered number: 13928106)

Abridged Balance Sheet
31 March 2023

Notes £    £   
FIXED ASSETS
Investments 5 103

CREDITORS
Amounts falling due within one year 5,800
NET CURRENT LIABILITIES (5,800 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

(5,697

)

CAPITAL AND RESERVES
Called up share capital 6 103
Retained earnings (5,800 )
SHAREHOLDERS' FUNDS (5,697 )

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the period ended 31 March 2023.

The members have not required the company to obtain an audit of its financial statements for the period ended 31 March 2023 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.

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

All the members have consented to the preparation of an abridged Balance Sheet for the period ended 31 March 2023 in accordance with Section 444(2A) of the Companies Act 2006.

In accordance with Section 444 of the Companies Act 2006, the Statement of Comprehensive Income has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 10 October 2023 and were signed on its behalf by:





Mr O M A Roberts - Director


Turnstyle Holdings Ltd (Registered number: 13928106)

Notes to the Financial Statements
for the Period 21 February 2022 to 31 March 2023


1. STATUTORY INFORMATION

Turnstyle Holdings 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.

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


2. STATEMENT OF COMPLIANCE

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. There were no material departures from that standard.

3. ACCOUNTING POLICIES

Basis of preparing the financial statements
The financial statements have been prepared under the historical cost convention.

Preparation of consolidated financial statements
The financial statements contain information about Turnstyle Holdings Ltd as an individual company and do not contain consolidated financial information as the parent of a group. The company is exempt under Section 399(2A) of the Companies Act 2006 from the requirements to prepare consolidated financial statements.

Investments in subsidiaries
Investments in subsidiary undertakings are recognised at cost.

Financial instruments
Basic financial instruments with no stated interest rate and receivable or payable within one year are recorded at transaction price. Any losses arising from impairment are recognised in the profit and loss account in administrative expenses. Loans and borrowings are initially recognised at the transaction price including transaction costs.

Taxation
Taxation for the period 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 period 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.

Turnstyle Holdings Ltd (Registered number: 13928106)

Notes to the Financial Statements - continued
for the Period 21 February 2022 to 31 March 2023


3. ACCOUNTING POLICIES - continued

Going concern
The company has retained losses of £5,800. It also has net current liabilities of £5,800 and net liabilities of £5,697. These net current liabilities include an amount of £5,800 due to connected companies.

The company is reliant on the continuing financial support of its creditors, and in particular it's subsidiary company and while there are no reasons to doubt that this support will continue, inherently there can be no certainty in relation to these matters. On this basis, and having regard to the company's anticipated future revenues and costs including repayment of debt where appropriate, together with the expected availability of working capital, the directors consider it appropriate to prepare the financial statements on the going concern basis. The financial statements do not include any adjustments that would result from an inability to meet obligations as they fall due.

4. EMPLOYEES AND DIRECTORS

The average number of employees during the period was NIL.

5. FIXED ASSET INVESTMENTS

Information on investments other than loans is as follows:
Totals
£   
COST
Additions 103
At 31 March 2023 103
NET BOOK VALUE
At 31 March 2023 103

6. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal
value: £   
1 Ordinary B £1 1
55 Ordinary A £1 55
1 Ordinary C £1 1
1 Ordinary D £1 1
45 Ordinary E £1 45
103

During the period the company issued 55 Ordinary A shares of £1, 1 Ordinary B share of £1, 1 Ordinary C share of £1, 1 Ordinary D share of £1 and 45 Ordinary E shares of £1 for cash at par.