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Company Registration number: 00325904

TimeC 1421 Limited

Annual Report and Unaudited Financial Statements

for the Year Ended 30 June 2023

 

TimeC 1421 Limited

Contents

Statement of Financial Position

1

Notes to the Unaudited Financial Statements

2 to 3

 

TimeC 1421 Limited

(Registration number: 00325904)
Statement of Financial Position as at 30 June 2023

Note

2023
£

2022
£

Current assets

 

Debtors

4

147,227

147,227

Capital and reserves

 

Called up share capital

5

56,212

56,212

Other reserves

90,949

90,949

Retained earnings

66

66

Shareholders' funds

 

147,227

147,227

For the financial 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.

Directors' responsibilities:

The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the directors have not delivered to the registrar a copy of the Income Statement.

Approved and authorised by the Board on 22 January 2024 and signed on its behalf by:
 

.........................................
P D Dane
Director

 

TimeC 1421 Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 June 2023

1

General information

The company is a private company limited by share capital, incorporated in England and Wales.

The address of its registered office is:
First Floor
2 Collingwood Street
Newcastle upon Tyne
NE1 1JF

These financial statements were authorised for issue by the Board on 22 January 2024.

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

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

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention.

The financial statements are prepared in sterling, which is the functional currency of the entity.

3

Staff numbers

The average number of persons employed by the company (including directors) during the year, was 0 (2022 - 0).

4

Debtors

Current

Note

2023
£

2022
£

Amounts owed by related parties

6

147,227

147,227

 

TimeC 1421 Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 June 2023 (continued)

5

Share capital

Allotted, called up and fully paid shares

 

2023

2022

 

No.

£

No.

£

Ordinary Shares of £0.05 each

1,124,240

56,212

1,124,240

56,212

         

6

Related party transactions

Related party transactions with group undertakings have not been disclosed in accordance with the exemption conferred by Financial Reporting Standard 102 section 33.

7

Parent and ultimate parent undertaking

The company's immediate parent is Dane & Co., Limited, incorporated in England and Wales.

  These financial statements are available upon request from First Floor, 2 Collingwood Street, Newcastle Upon Tyne, NE1 1JF.