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
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
Terra Nova Associates Ltd
Statement of financial position
as at 30 June 2023
Tangible assets
6,728
1,074
Cash at bank and in hand
97,876
116,828
Creditors: amounts falling due within one year
(49,154)
(73,774)
Net current assets
73,280
53,767
Called up share capital
100
100
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
Terra Nova Associates Ltd
Notes to the Accounts
for the year ended 30 June 2023
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.
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.
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.
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
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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
At 30 June 2023
24,604
10,144
34,748
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
At 30 June 2023
6,658
70
6,728
At 30 June 2022
541
533
1,074
Terra Nova Associates Ltd
Notes to the Accounts
for the year ended 30 June 2023
Amounts falling due within one year
Trade debtors
24,263
10,713
Accrued income and prepayments
295
-
6
Creditors: amounts falling due within one year
2023
2022
Taxes and social security
4,895
27,199
Loans from directors
35,467
39,661
Allotted, called up and fully paid:
100 Ordinary shares of £1 each
100
100
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Average number of employees
During the year the average number of employees was 1 (2022: 1).