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REGISTERED NUMBER: 04699069 (England and Wales)

















Unaudited Financial Statements

for the Year Ended 31 July 2023

for

Taurus Investor Services Limited

Taurus Investor Services Limited (Registered number: 04699069)






Contents of the Financial Statements
for the Year Ended 31 July 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Taurus Investor Services Limited

Company Information
for the Year Ended 31 July 2023







DIRECTORS: G J Stidolph
J Olding





SECRETARY: H Jones





REGISTERED OFFICE: Britannia House
19 - 20 Bailey Street
Brynmawr
Gwent
NP23 4AN





REGISTERED NUMBER: 04699069 (England and Wales)





ACCOUNTANTS: Guilfoyle Sage LLP
21 Gold Tops
Newport
South Wales
NP20 4PG

Taurus Investor Services Limited (Registered number: 04699069)

Balance Sheet
31 July 2023

31.7.23 31.7.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 5 5,365 5,113
Investment property 6 72,504 69,884
77,869 74,997

CURRENT ASSETS
Debtors 7 192,881 178,297
Cash at bank and in hand 268,994 229,233
461,875 407,530
CREDITORS
Amounts falling due within one year 8 195,720 188,501
NET CURRENT ASSETS 266,155 219,029
TOTAL ASSETS LESS CURRENT
LIABILITIES

344,024

294,026

PROVISIONS FOR LIABILITIES 1,019 -
NET ASSETS 343,005 294,026

CAPITAL AND RESERVES
Called up share capital 9 14,000 14,000
Retained earnings 329,005 280,026
SHAREHOLDERS' FUNDS 343,005 294,026

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 July 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 July 2023 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:
(a)ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

Taurus Investor Services Limited (Registered number: 04699069)

Balance Sheet - continued
31 July 2023


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

In accordance with Section 444 of the Companies Act 2006, the Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 9 February 2024 and were signed on its behalf by:





G J Stidolph - Director


Taurus Investor Services Limited (Registered number: 04699069)

Notes to the Financial Statements
for the Year Ended 31 July 2023

1. STATUTORY INFORMATION

Taurus Investor Services Limited is a private company, limited by shares and is incorporated in England and Wales. The company's registered number is 04699069 and the address of its registered office is Britannia House, 19 Bailey Street, Brynmawr, Gwent, NP23 4AN.

These financial statements are the company's separate financial statements, covering the year to 31 July 2023 and are presented in Sterling (£), the company's functional currency, rounded to the nearest pound.

The accounting policies applied in the presentation of these financial statements are set out below. These policies have been consistently applied to all periods presented unless otherwise stated.

2. STATEMENT OF COMPLIANCE

The individual financial statements of Taurus Investor Services Limited have been prepared in accordance with the provisions of Section 1A "Small Entities" of Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.

3. ACCOUNTING POLICIES

Basis of preparing the financial statements
The financial statements have been prepared under the historical cost convention as modified by the revaluation of certain assets.

Turnover
Turnover represents fees earned and are recognised as income when received.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter:

Plant and machinery etc - 15% on cost

Tangible fixed assets are stated at cost less accumulated depreciation and accumulated impairment losses. Cost include costs directly attributable to making the asset capable of operating as intended.

Investment property
Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

Investment property is carried at fair value determined by external valuers and derived from the current market rents and investment property yields for comparable real estate, adjusted if necessary for any difference in the nature, location or condition of the specific asset. No depreciation is provided. Changes in fair value are recognised in the profit and loss account.

Taurus Investor Services Limited (Registered number: 04699069)

Notes to the Financial Statements - continued
for the Year Ended 31 July 2023

3. ACCOUNTING POLICIES - continued

Non derivative financial instruments
Financial assets and financial liabilities are recognised in the company's balance sheet when the company becomes a party to the contractual provisions of the instrument.

Non-derivative financial instruments comprise trade and other debtors, cash and cash equivalents, trade and other creditors and interest free loans.

Debtors and creditors with no stated interest rate are receivable or payable within one year and are recorded at transaction price. Any losses arising from impairment are recognised in expenditure.

Cash and cash equivalents comprise cash at bank and in hand.

Loans and borrowings and concessionary loans are initially recognised at transaction price including transaction costs. Subsequently, they are measured at amortised cost using the effective interest rate method less impairment. If an arrangement constitutes a finance transaction it is measured at present value. Loans and borrowings receivable within one year are not discounted.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to the profit and loss account on a straight line basis over the period of the lease.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

Investment income
Investment income is included when receivable.

Taurus Investor Services Limited (Registered number: 04699069)

Notes to the Financial Statements - continued
for the Year Ended 31 July 2023

4. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 11 (2022 - 11 ) .

5. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 August 2022 22,719
Additions 1,857
At 31 July 2023 24,576
DEPRECIATION
At 1 August 2022 17,606
Charge for year 1,605
At 31 July 2023 19,211
NET BOOK VALUE
At 31 July 2023 5,365
At 31 July 2022 5,113

6. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 August 2022 69,884
Additions 2,620
At 31 July 2023 72,504
NET BOOK VALUE
At 31 July 2023 72,504
At 31 July 2022 69,884

Fair value at 31 July 2023 is represented by:
£   
Valuation in 2018 33,362
Valuation in 2019 (21,000 )
Cost 60,142
72,504

Taurus Investor Services Limited (Registered number: 04699069)

Notes to the Financial Statements - continued
for the Year Ended 31 July 2023

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.7.23 31.7.22
£    £   
Other debtors 192,881 178,297

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.7.23 31.7.22
£    £   
Taxation and social security 8,413 2,220
Other creditors 187,307 186,281
195,720 188,501

9. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.7.23 31.7.22
value: £    £   
10,000 Ordinary A £1 10,000 10,000
1,000 Ordinary B £1 1,000 1,000
1,000 Ordinary C £1 1,000 1,000
1,000 Ordinary D £1 1,000 1,000
1,000 Ordinary E £1 1,000 1,000
14,000 14,000

The B,C,D and E shares are non-equity shares and do not entitle the holders to any voting rights and are non redeemable.

The ordinary A shares are full equity shares and entitle the holders to full voting rights.

10. RELATED PARTY DISCLOSURES

During the year under review, the company entered into transactions, in the ordinary course of business, with entities under the common control of key management personnel or their close family members as follows:

Purchases and recharges in the sum of £23,968 (2022:£24,124).

At the year end, included in debtors is the sum of £159,328 (2022:£149,596) owed by entities under the common control of key management personnel. There is no fixed repayment date on these loans and no interest has been charged.

At the year end, included in creditors is the sum of £133,593 (2022:£132,348) owed to key management personnel. There is no fixed repayment date on these loans and no interest has been charged.