Company registration number 12705786 (England and Wales)
Taylor Edwards Estates Ltd
Unaudited
financial statements
for the year ended 30 June 2023
PAGES FOR FILING WITH REGISTRAR
Taylor Edwards Estates Ltd
Contents
Page
Statement of financial position
1
Notes to the financial statements
2 - 3
Taylor Edwards Estates Ltd
Statement of financial position
as at 30 June 2023
- 1 -
2023
2022
Notes
£
£
£
£
Fixed assets
Investment property
3
262,718
262,718
Current assets
Debtors
4
3,801
950
Cash at bank and in hand
1,381
1,005
5,182
1,955
Creditors: amounts falling due within one year
5
(130,182)
(128,126)
Net current liabilities
(125,000)
(126,171)
Total assets less current liabilities
137,718
136,547
Creditors: amounts falling due after more than one year
6
(138,000)
(138,000)
Net liabilities
(282)
(1,453)
Capital and reserves
Called up share capital
7
2
2
Profit and loss reserves
(284)
(1,455)
Total equity
(282)
(1,453)

The directors of the company have elected not to include a copy of the income statement within the financial statements.true

For the financial year ended 30 June 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476.

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

The financial statements were approved by the board of directors and authorised for issue on 16 November 2023 and are signed on its behalf by:
J M Taylor
Director
Company Registration No. 12705786
Taylor Edwards Estates Ltd
Notes to the financial statements
for the year ended 30 June 2023
- 2 -
1
Accounting policies
Accounting convention

These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. The disclosure requirements of section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The financial statements are prepared in sterling, which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest £.

The financial statements have been prepared under the historical cost convention. The principal accounting policies adopted are set out below.

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.

Turnover is recognised upon the provision of rental income.

Investment property

Investment property, which is property held to earn rentals and/or for capital appreciation, is initially recognised at cost, which includes the purchase cost and any directly attributable expenditure. Subsequently it is measured at fair value at the reporting end date. Changes in fair value are recognised in profit or loss.

2
Employees

The average monthly number of persons (including directors) employed by the company during the year was:

2023
2022
Number
Number
Total
2
2
3
Investment property
2023
£
Cost
At 1 July 2022 and 30 June 2023
262,718
4
Debtors
2023
2022
Amounts falling due within one year:
£
£
Trade debtors
2,851
-
0
Other debtors
950
950
3,801
950
Taylor Edwards Estates Ltd
Notes to the financial statements (continued)
for the year ended 30 June 2023
- 3 -
5
Creditors: amounts falling due within one year
2023
2022
£
£
Bank loans and overdrafts
-
0
429
Trade creditors
115
139
Directors loan account
130,067
124,685
Accruals and deferred income
-
0
2,873
130,182
128,126

The bank loan is secured on the assets to which it relates,

6
Creditors: amounts falling due after more than one year
2023
2022
£
£
Bank loans
138,000
138,000

The bank loan is secured on the assets to which it relates.

7
Called up share capital
2023
2022
2023
2022
Ordinary share capital
Number
Number
£
£
Issued and fully paid
A Ordinary shares of £1 each
1
1
1
1
B Ordinary shares of £1 each
1
1
1
1
2
2
2
2
8
Company information

Taylor Edwards Estates Ltd is a private company limited by shares incorporated in England and Wales. The registered office is 175 Ravenstone Drive, Greetland, Halifax, West Yorkshire, HX4 8DY.

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