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Company Registration No. 10642640 (England and Wales)
Townbase Limited Unaudited accounts for the year ended 31 March 2023
Townbase Limited Unaudited accounts Contents
Page
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Townbase Limited Company Information for the year ended 31 March 2023
Directors
Mikko Lintunen Viesturs Feldmanis
Company Number
10642640 (England and Wales)
Registered Office
SUITE 8, NEWTON HALL TOWN STREET NEWTON CAMBRIDGE CB22 7ZE UNITED KINGDOM
Accountants
Delbeck Accountancy Newton Hall Town Street Newton Cambridge CB22 7ZE
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Townbase Limited Statement of financial position as at 31 March 2023
2023 
2022 
Notes
£ 
£ 
Fixed assets
Investments
800 
800 
Current assets
Debtors
32,860 
22,379 
Cash at bank and in hand
11,540 
16,774 
44,400 
39,153 
Creditors: amounts falling due within one year
(12,531)
(14,200)
Net current assets
31,869 
24,953 
Total assets less current liabilities
32,669 
25,753 
Creditors: amounts falling due after more than one year
(5,500)
- 
Net assets
27,169 
25,753 
Capital and reserves
Called up share capital
103 
103 
Share premium
61,540 
61,540 
Profit and loss account
(34,474)
(35,890)
Shareholders' funds
27,169 
25,753 
For the year ending 31 March 2023 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 directors acknowledge their 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 of Directors and authorised for issue on 7 November 2023 and were signed on its behalf by
Mikko Lintunen Director Company Registration No. 10642640
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Townbase Limited Notes to the Accounts for the year ended 31 March 2023
1
Statutory information
Townbase Limited is a private company, limited by shares, registered in England and Wales, registration number 10642640. The registered office is SUITE 8, NEWTON HALL TOWN STREET, NEWTON, CAMBRIDGE, CB22 7ZE, UNITED KINGDOM.
2
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.
3
Accounting policies
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.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Turnover
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.
Foreign exchange
Monetary 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 rates of exchange ruling at the date of the transaction. Exchange differences are taken into account in arriving at the operating profit.
4
Investments
Other investments 
£ 
Valuation at 1 April 2022
800 
Valuation at 31 March 2023
800 
5
Debtors
2023 
2022 
£ 
£ 
Amounts falling due within one year
Other debtors
22,379 
22,379 
Amounts falling due after more than one year
Other debtors
10,481 
- 
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Townbase Limited Notes to the Accounts for the year ended 31 March 2023
6
Creditors: amounts falling due within one year
2023 
2022 
£ 
£ 
Bank loans and overdrafts
174 
7,696 
VAT
3,564 
- 
Trade creditors
8,377 
1,574 
Taxes and social security
- 
(128)
Loans from directors
416 
5,058 
12,531 
14,200 
7
Creditors: amounts falling due after more than one year
2023 
2022 
£ 
£ 
Bank loans
5,500 
- 
8
Loans to directors
Brought Forward 
Advance/ credit 
Repaid 
Carried Forward 
£ 
£ 
£ 
£ 
Mikko Lintunen
Directors Loan
- 
(2,416)
- 
(2,416)
Viesturs Feldmanis
Directors Loan
- 
2,000 
- 
2,000 
- 
(416)
- 
(416)
9
Average number of employees
During the year the average number of employees was 1 (2022: 1).
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