Silverfin false 30/04/2023 01/05/2022 30/04/2023 R H V Guest 14/10/2019 R Guest 14/10/2019 A M Ward 14/10/2019 03 November 2023 The principal activity of the Company during the financial year was that of letting and operating of leased real estate. 00551053 2023-04-30 00551053 bus:Director1 2023-04-30 00551053 bus:Director2 2023-04-30 00551053 bus:Director3 2023-04-30 00551053 2022-04-30 00551053 core:CurrentFinancialInstruments 2023-04-30 00551053 core:CurrentFinancialInstruments 2022-04-30 00551053 core:ShareCapital 2023-04-30 00551053 core:ShareCapital 2022-04-30 00551053 core:CapitalRedemptionReserve 2023-04-30 00551053 core:CapitalRedemptionReserve 2022-04-30 00551053 core:RetainedEarningsAccumulatedLosses 2023-04-30 00551053 core:RetainedEarningsAccumulatedLosses 2022-04-30 00551053 bus:OrdinaryShareClass1 2023-04-30 00551053 bus:OrdinaryShareClass2 2023-04-30 00551053 2022-05-01 2023-04-30 00551053 bus:FullAccounts 2022-05-01 2023-04-30 00551053 bus:SmallEntities 2022-05-01 2023-04-30 00551053 bus:AuditExemptWithAccountantsReport 2022-05-01 2023-04-30 00551053 bus:PrivateLimitedCompanyLtd 2022-05-01 2023-04-30 00551053 bus:Director1 2022-05-01 2023-04-30 00551053 bus:Director2 2022-05-01 2023-04-30 00551053 bus:Director3 2022-05-01 2023-04-30 00551053 2021-05-01 2022-04-30 00551053 bus:OrdinaryShareClass1 2022-05-01 2023-04-30 00551053 bus:OrdinaryShareClass1 2021-05-01 2022-04-30 00551053 bus:OrdinaryShareClass2 2022-05-01 2023-04-30 00551053 bus:OrdinaryShareClass2 2021-05-01 2022-04-30 iso4217:GBP xbrli:pure xbrli:shares

Company No: 00551053 (England and Wales)

TEMRA OF BATH LIMITED

Unaudited Financial Statements
For the financial year ended 30 April 2023
Pages for filing with the registrar

TEMRA OF BATH LIMITED

Unaudited Financial Statements

For the financial year ended 30 April 2023

Contents

TEMRA OF BATH LIMITED

STATEMENT OF FINANCIAL POSITION

As at 30 April 2023
TEMRA OF BATH LIMITED

STATEMENT OF FINANCIAL POSITION (continued)

As at 30 April 2023
Note 2023 2022
£ £
Fixed assets
Investment property 3 3,675,000 3,675,000
3,675,000 3,675,000
Current assets
Debtors 4 20,000 150,934
Cash at bank and in hand 137,926 133,053
157,926 283,987
Creditors: amounts falling due within one year 5 ( 45,093) ( 88,085)
Net current assets 112,833 195,902
Total assets less current liabilities 3,787,833 3,870,902
Provision for liabilities ( 772,857) ( 772,857)
Net assets 3,014,976 3,098,045
Capital and reserves
Called-up share capital 6 84,705 84,705
Capital redemption reserve 1,765 1,765
Profit and loss account 2,928,506 3,011,575
Total shareholders' funds 3,014,976 3,098,045

For the financial year ending 30 April 2023 the Company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

The financial statements of Temra of Bath Limited (registered number: 00551053) were approved and authorised for issue by the Director on 03 November 2023. They were signed on its behalf by:

R H V Guest
Director
TEMRA OF BATH LIMITED

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 30 April 2023
TEMRA OF BATH LIMITED

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 30 April 2023
1. Accounting policies

The principal accounting policies are summarised below. They have all been applied consistently throughout the financial year and to the preceding financial year, unless otherwise stated.

General information and basis of accounting

Temra of Bath Limited (the Company) is a private company, limited by shares, incorporated in the United Kingdom under the Companies Act 2006 and is registered in England and Wales. The address of the Company's registered office is C/O Bishop Fleming Llp, 10 Temple Back, Bristol, BS1 6FL, United Kingdom.

The financial statements have been prepared under the historical cost convention, modified to include the revaluation of freehold properties and to include investment properties and certain items at fair value, and in accordance with Section 1A of Financial Reporting Standard 102 (FRS 102) ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland’ issued by the Financial Reporting Council and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.

The financial statements are presented in pounds sterling which is the functional currency of the Company and rounded to the nearest £.

Going concern

The directors have assessed the Statement of Financial Position and likely future cash flows at the date of approving these financial statements. The directors have a reasonable expectation that the Company has adequate resources to continue in operational existence and to meet its financial obligations as they fall due for at least 12 months from the date of signing these financial statements. Accordingly, they continue to adopt the going concern basis in preparing the financial statements.

Turnover

Turnover is recognised at the fair value of the consideration received or receivable for goods and services provided in the normal course of business, and is shown net of VAT and other sales related taxes. The fair value of consideration takes into account trade discounts, settlement discounts and volume rebates.

Turnover is recognised when the significant risks and rewards are considered to have been transferred to the customer.

Employee benefits

Defined contribution schemes
The Company operates a defined contribution scheme. The amount charged to the Statement of Income and Retained Earnings in respect of pension costs and other post-retirement benefits is the contributions payable in the financial year. Differences between contributions payable in the financial year and contributions actually paid are included as either accruals or prepayments in the Statement of Financial Position.

Finance costs

Finance costs are charged to the Statement of Income and Retained Earnings over the term of the debt using the effective interest method so the amount charged is at a constant rate on the carrying amount. Issue costs are initially recognised as a reduction in the proceeds of the associated capital instrument.

Taxation

Current tax
Current tax is provided at amounts expected to be paid (or recoverable) using the tax rates and laws that have been enacted or substantively enacted at the Statement of Financial Position date.

Deferred tax
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the Company's financial statements. Deferred tax is provided in full on timing differences which result in an obligation to pay more or less tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws. Deferred tax assets and liabilities are not discounted.

The carrying amount of deferred tax assets are reviewed at each reporting date and a valuation allowance is set up against deferred tax assets so that the net carrying amount equals the highest amount that is more likely than not to be recovered based on current or future taxable profit.

Investment property

Investment property is initially recognised at cost, which includes the purchase cost and any directly attributable expenditure. Subsequently it is measured at fair value at each reporting date with changes in fair value recognised in profit or loss. Deferred taxation is provided on these gains at the rate expected to apply when the property is sold.

The fair value is determined annually by the directors, on an open market value for existing use basis.

Trade and other debtors

Trade and other debtors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest method less impairment losses for bad and doubtful debts, except where the effect of discounting would be immaterial. In such cases the receivables are stated at cost less impairment losses for bad and doubtful debts.

Cash and cash equivalents

Cash and cash equivalents are basic financial assets and include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in creditors: amounts falling due within one year.

Trade and other creditors

Trade and other creditors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest rate method, unless the effect of discounting would be immaterial, in which case they are stated at cost.

Financial instruments

Financial assets and financial liabilities are recognised when the Company becomes a party to the contractual provisions of the instrument.

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the Company after deducting all of its liabilities.

Financial assets and liabilities are only offset in the Balance Sheet when, and only when there exists a legally enforceable right to set off the recognised amounts and the Company intends either to settle on a net basis, or to realise the asset and settle the liability simultaneously.

Provisions

Provisions are recognised when the Company has a present obligation (legal or constructive) as a result of a past event, it is probable that the Company will be required to settle that obligation and a reliable estimate can be made of the amount of the obligation.

The amount recognised as a provision is the best estimate of the consideration required to settle the present obligation at the Statement of Financial Position date, taking into account the risks and uncertainties surrounding the obligation. Where a provision is measured using the cash flows estimated to settle the present obligation, its carrying amount is the present value of those cash flows (when the effect of the time value of money is material).

When some or all of the economic benefits required to settle a provision are expected to be recovered from a third party, a receivable is recognised as an asset if it is virtually certain that reimbursement will be received and the amount of the receivable can be measured reliably.

2. Employees

2023 2022
Number Number
Monthly average number of persons employed by the Company during the year, including directors 3 3

3. Investment property

Investment property
£
Valuation
As at 01 May 2022 3,675,000
As at 30 April 2023 3,675,000

Valuation

Investment properties, which are all freehold, were revalued to fair value at 31 March 2023, based on a valuation undertaken by the Directors, with recent experience in the location and class of the investment property being valued.

Historic cost

If the investment properties had been accounted for cost accounting rules, the properties would have been measured as follows:

2023 2022
£ £
Historic cost 38,336 38,336

4. Debtors

2023 2022
£ £
Accrued income 0 50,934
Other debtors 20,000 100,000
20,000 150,934

5. Creditors: amounts falling due within one year

2023 2022
£ £
Accruals and deferred income 27,029 26,868
Taxation and social security 18,064 21,077
Other creditors 0 40,140
45,093 88,085

6. Called-up share capital

2023 2022
£ £
Allotted, called-up and fully-paid
28,235 Ordinary A shares of £ 1.00 each 28,235 28,235
56,470 Ordinary B shares of £ 1.00 each 56,470 56,470
84,705 84,705

Ordinary B shares do not confer voting rights or a right to receive dividends.

7. Related party transactions

At the year end, the company owed £nil to The Estate of A H Guest (2022: £40,140).

During the year a loan of £80,000 (2021: £80,000) owed by Mr R James, son-in-law of A H & E M Guests, was written off by way of a dividend. The unpaid interest that had been accruing at 4.5% was also written off to the profit and loss account.

During the year dividends of £32,401 (2021: £14,471) were paid to directors.