Caseware UK (AP4) 2022.0.179 2022.0.179 2023-03-312023-03-31The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.falsetrue2022-04-01No description of principal activity11true 04604801 2022-04-01 2023-03-31 04604801 2021-04-01 2022-03-31 04604801 2023-03-31 04604801 2022-03-31 04604801 c:Director1 2022-04-01 2023-03-31 04604801 d:Buildings 2022-04-01 2023-03-31 04604801 d:Buildings 2023-03-31 04604801 d:Buildings 2022-03-31 04604801 d:Buildings d:OwnedOrFreeholdAssets 2022-04-01 2023-03-31 04604801 d:Buildings d:LongLeaseholdAssets 2022-04-01 2023-03-31 04604801 d:LandBuildings 2023-03-31 04604801 d:LandBuildings 2022-03-31 04604801 d:ShareCapital 2023-03-31 04604801 d:ShareCapital 2022-03-31 04604801 d:RevaluationReserve 2023-03-31 04604801 d:RevaluationReserve 2022-03-31 04604801 d:RetainedEarningsAccumulatedLosses 2023-03-31 04604801 d:RetainedEarningsAccumulatedLosses 2022-03-31 04604801 c:FRS102 2022-04-01 2023-03-31 04604801 c:AuditExempt-NoAccountantsReport 2022-04-01 2023-03-31 04604801 c:FullAccounts 2022-04-01 2023-03-31 04604801 c:PrivateLimitedCompanyLtd 2022-04-01 2023-03-31 04604801 5 2022-04-01 2023-03-31 04604801 6 2022-04-01 2023-03-31 iso4217:GBP xbrli:pure

Registered number: 04604801









TURNER ELECTRONIC HOLDINGS LIMITED







UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 31 MARCH 2023

 
TURNER ELECTRONIC HOLDINGS LIMITED
REGISTERED NUMBER: 04604801

BALANCE SHEET
AS AT 31 MARCH 2023

2023
2022
Note
£
£

Fixed assets
  

Tangible assets
  
609,018
611,065

Investments
  
11,375
11,375

  
620,393
622,440

  

Total assets less current liabilities
  
 
620,393
 
622,440

  

Net assets
  
620,393
622,440


Capital and reserves
  

Called up share capital 
  
11,375
11,375

Revaluation reserve
  
400,000
400,000

Profit and loss account
  
209,018
211,065

  
620,393
622,440


The director considers that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

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

The Company has opted not to file the statement of income and retained earnings in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf on 19 December 2023.




Andrew James Turner
Director

The notes on pages 2 to 4 form part of these financial statements.

Page 1

 
TURNER ELECTRONIC HOLDINGS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023

1.


General information

Turner Electronic Holdings is a private company, limited by shares, registered in England and Wales.  The company's registered number and registered office address can be found on the company information page.

2.Accounting policies

 
2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with Section 1A of Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006.

The following principal accounting policies have been applied:

 
2.2

Tangible fixed assets

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, as detailed.

Depreciation is provided on the following basis:

Freehold buildings
-
2% straight line
Freehold land
-
Nil

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.

 
2.3

Revaluation of tangible fixed assets

Individual freehold and leasehold properties are carried at current year value at fair value at the date of the revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses. Revaluations are undertaken with sufficient regularity to ensure the carrying amount does not differ materially from that which would be determined using fair value at the balance sheet date.
Fair values are determined from market based evidence normally undertaken by professionally qualified valuers.

Revaluation gains and losses are recognised in other comprehensive income unless losses exceed the previously recognised gains or reflect a clear consumption of economic benefits, in which case the excess losses are recognised in profit or loss.

Page 2

 
TURNER ELECTRONIC HOLDINGS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023

2.Accounting policies (continued)

 
2.4

Valuation of investments

Investments in subsidiaries are measured at cost less accumulated impairment.

 
2.5

Dividends

Equity dividends are recognised when they become legally payable. Interim equity dividends are recognised when paid. Final equity dividends are recognised when approved by the shareholders at an annual general meeting.


3.


Employees

The average monthly number of employees, including the director, during the year was as follows:


        2023
        2022
            No.
            No.







Administration
1
1


4.


Tangible fixed assets





Freehold property

£



Cost or valuation


At 1 April 2022
650,000



At 31 March 2023

650,000



Depreciation


At 1 April 2022
38,935


Charge for the year on owned assets
2,047



At 31 March 2023

40,982



Net book value



At 31 March 2023
609,018



At 31 March 2022
611,065

Page 3

 
TURNER ELECTRONIC HOLDINGS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023

           4.Tangible fixed assets (continued)




The net book value of land and buildings may be further analysed as follows:


2023
2022
£
£

Freehold
609,018
611,065

609,018
611,065



5.


Fixed asset investments





Investments in subsidiary companies

£



Cost or valuation


At 1 April 2022
11,375



At 31 March 2023
11,375




Page 4