Company Registration No. 13545431 (England and Wales)
TurneRound Homes Ltd
Unaudited accounts
for the year ended 31 August 2023
TurneRound Homes Ltd
Unaudited accounts
Contents
TurneRound Homes Ltd
Company Information
for the year ended 31 August 2023
Company Number
13545431 (England and Wales)
Registered Office
THIRD FLOOR
207 REGENT STREET
LONDON
W1B 3HH
ENGLAND
Accountants
Ledgers Accountancy Services Ltd
15 Sedgmoor Close
Flackwell Heath
Bucks
HP10 9BH
TurneRound Homes Ltd
Statement of financial position
as at 31 August 2023
Tangible assets
3,814
3,131
Cash at bank and in hand
140,536
81,572
Creditors: amounts falling due within one year
(39,694)
(37,484)
Net current assets
102,129
44,088
Called up share capital
1
1
Profit and loss account
105,942
47,218
Shareholders' funds
105,943
47,219
For the year ending 31 August 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 director acknowledges his 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 and authorised for issue on 5 February 2024 and were signed on its behalf by
Patrick Turner
Director
Company Registration No. 13545431
TurneRound Homes Ltd
Notes to the Accounts
for the year ended 31 August 2023
TurneRound Homes Ltd is a private company, limited by shares, registered in England and Wales, registration number 13545431. The registered office is THIRD FLOOR, 207 REGENT STREET, LONDON, W1B 3HH, ENGLAND.
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.
These financial statements for the year ended 31 August 2023 are the first financial statements that comply with FRS 102 Section 1A Small Entities. The date of transition is 3 August 2021.
The transition to FRS 102 Section 1A Small Entities has resulted in a small number of changes in accounting policies to those used previously.
The nature of these changes and their impact on opening equity and profit for the comparative period are explained in the notes below.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Plant & machinery
25% Straight Line
Motor vehicles
20% Straight Line
Fixtures & fittings
25% Straight Line
4
Tangible fixed assets
Plant & machinery
Motor vehicles
Fixtures & fittings
Total
Cost or valuation
At cost
At cost
At cost
At 1 September 2022
868
3,100
-
3,968
Additions
1,380
-
661
2,041
At 31 August 2023
2,248
3,100
661
6,009
At 1 September 2022
217
620
-
837
Charge for the year
573
620
165
1,358
At 31 August 2023
790
1,240
165
2,195
At 31 August 2023
1,458
1,860
496
3,814
At 31 August 2022
651
2,480
-
3,131
TurneRound Homes Ltd
Notes to the Accounts
for the year ended 31 August 2023
Amounts falling due within one year
6
Creditors: amounts falling due within one year
2023
2022
Taxes and social security
24,419
21,861
Loans from directors
-
441
Deferred income
4,345
9,591
7
Average number of employees
During the year the average number of employees was 1 (2022: 1).