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REGISTERED NUMBER: 09398870















UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2023

FOR

TOOTS TOWERS LTD

TOOTS TOWERS LTD (REGISTERED NUMBER: 09398870)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023










Page

Company Information 1

Abridged Balance Sheet 2

Notes to the Financial Statements 4


TOOTS TOWERS LTD

COMPANY INFORMATION
FOR THE YEAR ENDED 31 MARCH 2023







DIRECTOR: Mrs S L Dean





REGISTERED OFFICE: 13 Trinity Square
Llandudno
CONWY
LL30 2RB





REGISTERED NUMBER: 09398870





ACCOUNTANTS: Williams Denton Cyf
Chartered Certified Accountants
Glaslyn
Ffordd y Parc
Parc Menai
Bangor
Gwynedd
LL57 4FE

TOOTS TOWERS LTD (REGISTERED NUMBER: 09398870)

ABRIDGED BALANCE SHEET
31 MARCH 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Investments 4 - 94,736
Investment property 5 200,000 149,394
200,000 244,130

CURRENT ASSETS
Debtors 17,500 17,500
Cash at bank 381 61,628
17,881 79,128
CREDITORS
Amounts falling due within one year 479 -
NET CURRENT ASSETS 17,402 79,128
TOTAL ASSETS LESS CURRENT
LIABILITIES

217,402

323,258

CREDITORS
Amounts falling due after more than one
year

(267,930

)

(347,930

)

PROVISIONS FOR LIABILITIES (9,615 ) -
NET LIABILITIES (60,143 ) (24,672 )

CAPITAL AND RESERVES
Called up share capital 100 100
Fair value reserve 6 40,991 -
Retained earnings (101,234 ) (24,772 )
SHAREHOLDERS' FUNDS (60,143 ) (24,672 )

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2023 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges her 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.

TOOTS TOWERS LTD (REGISTERED NUMBER: 09398870)

ABRIDGED BALANCE SHEET - continued
31 MARCH 2023


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 year 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 Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 13 October 2023 and were signed by:





Mrs S L Dean - Director


TOOTS TOWERS LTD (REGISTERED NUMBER: 09398870)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023


1. STATUTORY INFORMATION

Toots Towers Ltd 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 as modified by the revaluation of certain assets.

Investment property
Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

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 (2022 - NIL).

4. FIXED ASSET INVESTMENTS
Information on loans is as follows:
Totals
£   
At 1 April 2022 94,736
Disposals (18,755 )
Share of profit/(loss) (75,981 )
At 31 March 2023 -

TOOTS TOWERS LTD (REGISTERED NUMBER: 09398870)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2023


5. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 April 2022 149,394
Revaluations 50,606
At 31 March 2023 200,000
NET BOOK VALUE
At 31 March 2023 200,000
At 31 March 2022 149,394

Fair value at 31 March 2023 is represented by:
£   
Valuation in 2023 50,606
Cost 149,394
200,000

6. RESERVES
Fair
value
reserve
£   
Revaluations 40,991

At 31 March 2023 40,991

7. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The Company owes £268,410 to the directors at 31 March 23. There is no set repayment date and interest is not charged.