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Company Registration No. 09068545 (England and Wales)
Terra Nova Associates Ltd Unaudited accounts for the year ended 30 June 2023
Terra Nova Associates Ltd Unaudited accounts Contents
Page
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Terra Nova Associates Ltd Company Information for the year ended 30 June 2023
Director
James Oliver Harvey
Company Number
09068545 (England and Wales)
Registered Office
20-22 Wenlock Road London N1 7GU
Accountants
Thriveworks Ltd 4a The Barns, Bulrushes Farm Coombe Hill Road East Grinstead West Sussex RH19 4LZ
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Terra Nova Associates Ltd Statement of financial position as at 30 June 2023
2023 
2022 
Notes
£ 
£ 
Fixed assets
Tangible assets
6,728 
1,074 
Current assets
Debtors
24,558 
10,713 
Cash at bank and in hand
97,876 
116,828 
122,434 
127,541 
Creditors: amounts falling due within one year
(49,154)
(73,774)
Net current assets
73,280 
53,767 
Net assets
80,008 
54,841 
Capital and reserves
Called up share capital
100 
100 
Share premium
4,970 
4,970 
Profit and loss account
74,938 
49,771 
Shareholders' funds
80,008 
54,841 
For the year ending 30 June 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 22 February 2024 and were signed on its behalf by
James Oliver Harvey Director Company Registration No. 09068545
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Terra Nova Associates Ltd Notes to the Accounts for the year ended 30 June 2023
1
Statutory information
Terra Nova Associates Ltd is a private company, limited by shares, registered in England and Wales, registration number 09068545. The registered office is 20-22 Wenlock Road, London, N1 7GU.
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.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Turnover
Turnover represents the value, net of VAT and discounts, of goods provided to customers and work carried out in respect of services provided to customers.
Tangible fixed assets policy
Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Plant & machinery
20% Straight Line
Computer equipment
33% Straight Line
4
Tangible fixed assets
Plant & machinery 
Computer equipment 
Total 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At 1 July 2022
16,595 
10,144 
26,739 
Additions
8,009 
- 
8,009 
At 30 June 2023
24,604 
10,144 
34,748 
Depreciation
At 1 July 2022
16,054 
9,611 
25,665 
Charge for the year
1,892 
463 
2,355 
At 30 June 2023
17,946 
10,074 
28,020 
Net book value
At 30 June 2023
6,658 
70 
6,728 
At 30 June 2022
541 
533 
1,074 
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Terra Nova Associates Ltd Notes to the Accounts for the year ended 30 June 2023
5
Debtors
2023 
2022 
£ 
£ 
Amounts falling due within one year
Trade debtors
24,263 
10,713 
Accrued income and prepayments
295 
- 
24,558 
10,713 
6
Creditors: amounts falling due within one year
2023 
2022 
£ 
£ 
VAT
5,777 
6,156 
Trade creditors
157 
- 
Taxes and social security
4,895 
27,199 
Other creditors
758 
758 
Loans from directors
35,467 
39,661 
Deferred income
2,100 
- 
49,154 
73,774 
7
Share capital
2023 
2022 
£ 
£ 
Allotted, called up and fully paid:
100 Ordinary shares of £1 each
100 
100 
8
Average number of employees
During the year the average number of employees was 1 (2022: 1).
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