Silverfin false 30/04/2023 01/05/2022 30/04/2023 Mr P G Lister 28/06/1995 Mr R J Lister 15/11/2007 Mrs A L Lister 30/10/2022 15/11/2017 24 November 2023 The principal activity of the Company during the financial year was that of property investment. 01234601 2023-04-30 01234601 bus:Director1 2023-04-30 01234601 bus:Director2 2023-04-30 01234601 bus:Director3 2023-04-30 01234601 2022-04-30 01234601 core:CurrentFinancialInstruments 2023-04-30 01234601 core:CurrentFinancialInstruments 2022-04-30 01234601 core:Non-currentFinancialInstruments 2023-04-30 01234601 core:Non-currentFinancialInstruments 2022-04-30 01234601 core:ShareCapital 2023-04-30 01234601 core:ShareCapital 2022-04-30 01234601 core:RetainedEarningsAccumulatedLosses 2023-04-30 01234601 core:RetainedEarningsAccumulatedLosses 2022-04-30 01234601 core:LandBuildings 2022-04-30 01234601 core:Vehicles 2022-04-30 01234601 core:FurnitureFittings 2022-04-30 01234601 core:LandBuildings 2023-04-30 01234601 core:Vehicles 2023-04-30 01234601 core:FurnitureFittings 2023-04-30 01234601 2022-05-01 2023-04-30 01234601 bus:FullAccounts 2022-05-01 2023-04-30 01234601 bus:SmallEntities 2022-05-01 2023-04-30 01234601 bus:AuditExemptWithAccountantsReport 2022-05-01 2023-04-30 01234601 bus:PrivateLimitedCompanyLtd 2022-05-01 2023-04-30 01234601 bus:Director1 2022-05-01 2023-04-30 01234601 bus:Director2 2022-05-01 2023-04-30 01234601 bus:Director3 2022-05-01 2023-04-30 01234601 core:Vehicles 2022-05-01 2023-04-30 01234601 core:FurnitureFittings 2022-05-01 2023-04-30 01234601 2021-05-01 2022-04-30 01234601 core:LandBuildings 2022-05-01 2023-04-30 01234601 core:Non-currentFinancialInstruments 2022-05-01 2023-04-30 iso4217:GBP xbrli:pure

Company No: 01234601 (England and Wales)

TERARD LIMITED

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

TERARD LIMITED

Unaudited Financial Statements

For the financial year ended 30 April 2023

Contents

TERARD LIMITED

BALANCE SHEET

As at 30 April 2023
TERARD LIMITED

BALANCE SHEET (continued)

As at 30 April 2023
Note 2023 2022
£ £
Fixed assets
Tangible assets 3 463,001 584,009
463,001 584,009
Current assets
Debtors 4 34,057 2,496
Cash at bank and in hand 7,908 45,161
41,965 47,657
Creditors: amounts falling due within one year 5 ( 384,075) ( 130,564)
Net current liabilities (342,110) (82,907)
Total assets less current liabilities 120,891 501,102
Creditors: amounts falling due after more than one year 6 0 ( 461,250)
Net assets 120,891 39,852
Capital and reserves
Called-up share capital 100 100
Profit and loss account 120,791 39,752
Total shareholder's funds 120,891 39,852

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 Terard Limited (registered number: 01234601) were approved and authorised for issue by the Board of Directors on 24 November 2023. They were signed on its behalf by:

Mr P G Lister
Director
TERARD LIMITED

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 30 April 2023
TERARD 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

Terard 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 Towngate House, 2-8 Parkstone Road, Poole, Dorset, BH15 2PW, 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 £.

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 Balance Sheet date.

Tangible fixed assets

Tangible fixed assets are stated at cost or valuation, net of depreciation and any provision for impairment. Depreciation is provided on all tangible fixed assets, other than investment property and freehold land, at rates calculated to write off the cost or valuation, less estimated residual value, of each asset on a basis over its expected useful life, as follows:

Land and buildings not depreciated
Vehicles 25 % reducing balance
Fixtures and fittings 25 % reducing balance

Residual value represents the estimated amount which would currently be obtained from disposal of an asset, after deducting estimated costs of disposal, if the asset were already of the age and in the condition expected at the end of its useful life.

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.

Basic financial assets
Basic financial assets receivable within one year, such as trade debtors and bank balances, are measured at transaction price less any impairment.

Basic financial assets receivable within more than one year are measured at amortised cost less any impairment.

Financial assets are derecognised when and only when the contractual rights to the cash flows from the financial asset expire or are settled, or the Company transfers to another party substantially all of the risks and rewards of ownership of the financial asset, or the Company, despite having retained some, but not all, significant risks and rewards of ownership, has transferred control of the asset to another party.

Basic financial liabilities
Basic financial liabilities that have no stated interest rate and are payable within one year, such as trade creditors, are measured at transaction price.

Other basic financial liabilities are measured at amortised cost.

Financial liabilities are derecognised when the company’s contractual obligations expire or are discharged or cancelled.

2. Employees

2023 2022
Number Number
Monthly average number of persons employed by the Company during the year, including directors 2 3

3. Tangible assets

Land and buildings Vehicles Fixtures and fittings Total
£ £ £ £
Cost
At 01 May 2022 583,639 0 11,719 595,358
Additions 0 1,500 0 1,500
Disposals ( 122,196) 0 0 ( 122,196)
At 30 April 2023 461,443 1,500 11,719 474,662
Accumulated depreciation
At 01 May 2022 0 0 11,349 11,349
Charge for the financial year 0 219 93 312
At 30 April 2023 0 219 11,442 11,661
Net book value
At 30 April 2023 461,443 1,281 277 463,001
At 30 April 2022 583,639 0 370 584,009

4. Debtors

2023 2022
£ £
Other debtors 34,057 2,496

5. Creditors: amounts falling due within one year

2023 2022
£ £
Taxation and social security 8,093 3,220
Other creditors 375,982 127,344
384,075 130,564

6. Creditors: amounts falling due after more than one year

2023 2022
£ £
Bank loans 0 461,250

There are no amounts included above in respect of which any security has been given by the small entity.

7. Financial commitments

Commitments

Capital commitments are as follows:

2023 2022
£ £
Contracted for but not provided for:
finance leases entered into 5,445 10,890

8. Related party transactions

Transactions with the entity's directors

2023 2022
£ £
Key management 31,891 0

Interest has been charged at the beneficial load rate on the overdrawn directors loan account.