Caseware UK (AP4) 2022.0.179 2022.0.179 2023-03-312023-03-310The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.2022-04-01falseNo description of principal activity0truetrue 06422326 2022-04-01 2023-03-31 06422326 2021-04-01 2022-03-31 06422326 2023-03-31 06422326 2022-03-31 06422326 2021-04-01 06422326 c:Director1 2022-04-01 2023-03-31 06422326 d:CurrentFinancialInstruments 2023-03-31 06422326 d:CurrentFinancialInstruments 2022-03-31 06422326 d:CurrentFinancialInstruments 2 2023-03-31 06422326 d:CurrentFinancialInstruments 2 2022-03-31 06422326 d:Non-currentFinancialInstruments 2023-03-31 06422326 d:Non-currentFinancialInstruments 2022-03-31 06422326 d:Non-currentFinancialInstruments 1 2023-03-31 06422326 d:Non-currentFinancialInstruments 1 2022-03-31 06422326 d:CurrentFinancialInstruments d:WithinOneYear 2023-03-31 06422326 d:CurrentFinancialInstruments d:WithinOneYear 2022-03-31 06422326 d:Non-currentFinancialInstruments d:AfterOneYear 2023-03-31 06422326 d:Non-currentFinancialInstruments d:AfterOneYear 2022-03-31 06422326 d:ShareCapital 2022-04-01 2023-03-31 06422326 d:ShareCapital 2023-03-31 06422326 d:ShareCapital 2021-04-01 2022-03-31 06422326 d:ShareCapital 2022-03-31 06422326 d:ShareCapital 2021-04-01 06422326 d:RetainedEarningsAccumulatedLosses 2022-04-01 2023-03-31 06422326 d:RetainedEarningsAccumulatedLosses 2023-03-31 06422326 d:RetainedEarningsAccumulatedLosses 2021-04-01 2022-03-31 06422326 d:RetainedEarningsAccumulatedLosses 2022-03-31 06422326 d:RetainedEarningsAccumulatedLosses 2021-04-01 06422326 c:FRS102 2022-04-01 2023-03-31 06422326 c:AuditExempt-NoAccountantsReport 2022-04-01 2023-03-31 06422326 c:FullAccounts 2022-04-01 2023-03-31 06422326 c:PrivateLimitedCompanyLtd 2022-04-01 2023-03-31 iso4217:GBP xbrli:pure
Company registration number: 06422326







UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED
31 MARCH 2023


TOREGAS LIMITED






































img3021.png                        

 


TOREGAS LIMITED
REGISTERED NUMBER:06422326



STATEMENT OF FINANCIAL POSITION
AS AT 31 MARCH 2023

2023
2022
Note
£
£

  

Current assets
  

Debtors: amounts falling due within one year
 4 
345,000
345,000

Current asset investments
  
693,875
693,875

Cash at bank and in hand
 6 
399
1,890

  
1,039,274
1,040,765

Creditors: amounts falling due within one year
 7 
(53,991)
(53,950)

Net current assets
  
 
 
985,283
 
 
986,815

Total assets less current liabilities
  
985,283
986,815

Creditors: amounts falling due after more than one year
 8 
(814,667)
(814,667)

  

Net assets
  
170,616
172,148


Capital and reserves
  

Called up share capital 
  
173,334
173,334

Profit and loss account
  
(2,718)
(1,186)

  
170,616
172,148


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 Company's financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

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 comprehensive income 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 17 January 2024.




M C J Holme
Director

The notes on pages 5 to 7 form part of these financial statements.
Page 1

 


TOREGAS LIMITED
REGISTERED NUMBER:06422326


    
STATEMENT OF FINANCIAL POSITION (CONTINUED)
AS AT 31 MARCH 2023


Page 2

 


TOREGAS LIMITED
 



STATEMENT OF CHANGES IN EQUITY
FOR THE YEAR ENDED 31 MARCH 2023


Called up share capital
Profit and loss account
Total equity

£
£
£

At 1 April 2022
173,334
(1,186)
172,148


Comprehensive income for the year

Loss for the year

-
(1,532)
(1,532)


Other comprehensive income for the year
-
-
-


Total comprehensive income for the year
-
(1,532)
(1,532)


Total transactions with owners
-
-
-


At 31 March 2023
173,334
(2,718)
170,616


The notes on pages 5 to 7 form part of these financial statements.

Page 3

 


TOREGAS LIMITED
 



STATEMENT OF CHANGES IN EQUITY
FOR THE YEAR ENDED 31 MARCH 2022


Called up share capital
Profit and loss account
Total equity

£
£
£

At 1 April 2021
173,334
104
173,438


Comprehensive income for the year

Loss for the year

-
(1,290)
(1,290)


Other comprehensive income for the year
-
-
-


Total comprehensive income for the year
-
(1,290)
(1,290)


Total transactions with owners
-
-
-


At 31 March 2022
173,334
(1,186)
172,148


The notes on pages 5 to 7 form part of these financial statements.

Page 4

 


TOREGAS LIMITED
 


 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023

1.


General information

Toregas Limited 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. The presentation currency is Pound Sterling (£).

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 Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006.

The preparation of financial statements in compliance with FRS 102 requires the use of certain critical accounting estimates. It also requires management to exercise judgment in applying the Company's accounting policies.

The following principal accounting policies have been applied:

 
2.2

Finance costs

Finance costs are charged to profit or loss over the term of the debt using the effective interest method so that the amount charged is at a constant rate on the carrying amount. Issue costs are initially recognised as a reduction in the proceeds of the associated capital instrument.

 
2.3

Cash and cash equivalents

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.

 
2.4

Creditors

Short-term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

 
2.5

Financial instruments

The Company has elected to apply the provisions of Section 11 “Basic Financial Instruments” of FRS 102 to all of its financial instruments.

The Company has elected to apply the recognition and measurement provisions of IFRS 9 Financial Instruments (as adopted by the UK Endorsement Board) with the disclosure requirements of Sections 11 and 12 and the other presentation requirements of FRS 102.

Financial instruments are recognised in the Company's Statement of Financial Position when the Company becomes party to the contractual provisions of the instrument.

Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

Basic financial assets

Basic financial assets, which include trade and other receivables, cash and bank balances, are initially measured at their transaction price including transaction costs and are subsequently carried at their amortised
Page 5

 


TOREGAS LIMITED
 


 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023

2.Accounting policies (continued)


2.5
Financial instruments (continued)

cost using the effective interest method, less any provision for impairment, unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest.

Discounting is omitted where the effect of discounting is immaterial. The Company's cash and cash equivalents, trade and most other receivables due with the operating cycle fall into this category of financial instruments.


3.


Employees

The Company has no employees other than the directors, who did not receive any remuneration (2022 -£NIL).


4.


Debtors

2023
2022
£
£


Other debtors
345,000
345,000

345,000
345,000



5.


Current asset investments

2023
2022
£
£

Listed investments
693,875
693,875

693,875
693,875



6.


Cash and cash equivalents

2023
2022
£
£

Cash at bank and in hand
399
1,890

Less: bank overdrafts
(41)
-

358
1,890


Page 6

 


TOREGAS LIMITED
 


 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023

7.


Creditors: Amounts falling due within one year

2023
2022
£
£

Bank overdrafts
41
-

Bank loans
750
750

Accruals and deferred income
1,200
1,200

Share capital treated as debt
52,000
52,000

53,991
53,950



8.


Creditors: Amounts falling due after more than one year

2023
2022
£
£

Share capital treated as debt
814,667
814,667

814,667
814,667


 
Page 7