Company Registration No. 09108578 (England and Wales)
69 TEMPLE STREET LTD
Unaudited accounts
for the year ended 30 June 2022
69 TEMPLE STREET LTD
Unaudited accounts
Contents
69 TEMPLE STREET LTD
Company Information
for the year ended 30 June 2022
Director
Guillaume De La Gorce
Company Number
09108578 (England and Wales)
Registered Office
TOUTHILL PLACE
TOUTHILL CLOSE
PETERBOROUGH
PE1 1FU
ENGLAND
69 TEMPLE STREET LTD
Statement of financial position
as at 30 June 2022
Inventories
1,814,391
1,814,391
Cash at bank and in hand
4,067
285
Creditors: amounts falling due within one year
(7,815)
(6,745)
Net current assets
1,827,331
1,814,801
Total assets less current liabilities
1,827,331
1,817,529
Creditors: amounts falling due after more than one year
(2,260,542)
(2,233,439)
Net liabilities
(433,211)
(415,910)
Called up share capital
100
100
Profit and loss account
(433,311)
(416,010)
Shareholders' funds
(433,211)
(415,910)
For the year ending 30 June 2022 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 3 November 2023 and were signed on its behalf by
Guillaume De La Gorce
Director
Company Registration No. 09108578
69 TEMPLE STREET LTD
Notes to the Accounts
for the year ended 30 June 2022
69 TEMPLE STREET LTD is a private company, limited by shares, registered in England and Wales, registration number 09108578. The registered office is TOUTHILL PLACE, TOUTHILL CLOSE, PETERBOROUGH, PE1 1FU, ENGLAND.
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Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Tangible fixed assets and depreciation
Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses.
An increase in the carrying amount of an asset as a result of a revaluation, is recognised in other comprehensive income and accumulated in equity, except to the extent it reverses a revaluation decrease of the same asset previously recognised in profit or loss. A decrease in the carrying amount of an asset as a result of revaluation, is recognised in other comprehensive income to the extent of any previously recognised revaluation increase accumulated in equity in respect of that asset. Where a revaluation decrease exceeds the accumulated revaluation gains accumulated in
equity in respect of that asset, the excess shall be recognised in profit or loss. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Fixtures & fittings
25% straight line
Impairment of fixed assets
A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date.
For the purposes of impairment testing, when it is not possible to estimate the recoverable amount of an individual asset, an estimate is made of the recoverable amount of the cash generating unit to which the asset belongs. The cash generating unit is the smallest identifiable group of assets that includes the asset and generates cash inflows that largely independent of the cash inflows from other assets or groups of assets.
For impairment testing of goodwill, the goodwill acquired in a business combination is, from the acquisition date, allocated to each of the cash-generating units that are expected to benefit from the synergies of the combination, irrespective of whether other assets or liabilities of the company are assigned to those units.
69 TEMPLE STREET LTD
Notes to the Accounts
for the year ended 30 June 2022
Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost includes all costs of purchase, costs of conversion and other costs incurred in bringing the stock to its present location and condition.
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Tangible fixed assets
Fixtures & fittings
Amounts falling due within one year
Trade debtors
13,538
6,870
6
Creditors: amounts falling due within one year
2022
2021
Trade creditors
7,815
6,745
7
Creditors: amounts falling due after more than one year
2022
2021
Bank loans
1,332,500
1,332,500
Amounts owed to group undertakings and other participating interests
928,042
900,939
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Average number of employees
During the year the average number of employees was 0 (2021: 0).