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Registration number: 11342782

Taylor Brothers Investments Limited

Annual Report and Unaudited Unaudited Financial Statements

for the Year Ended 30 September 2023

 

Taylor Brothers Investments Limited

Contents

Balance Sheet

1 to 2

Notes to the Unaudited Financial Statements

3 to 6

 

Taylor Brothers Investments Limited

(Registration number: 11342782)
Balance Sheet as at 30 September 2023

Note

2023
£

2022
£

Fixed assets

 

Investments

4

1,571,028

1,571,028

Current assets

 

Cash at bank and in hand

 

211

197

Creditors: Amounts falling due within one year

5

(24,059)

(22,486)

Net current liabilities

 

(23,848)

(22,289)

Net assets

 

1,547,180

1,548,739

Capital and reserves

 

Called up share capital

6

15,000

15,000

Retained earnings

1,532,180

1,533,739

Shareholders' funds

 

1,547,180

1,548,739

 

Taylor Brothers Investments Limited

(Registration number: 11342782)
Balance Sheet as at 30 September 2023

For the financial year ending 30 September 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 Profit and Loss Account.

Approved and authorised by the Board on 17 April 2024 and signed on its behalf by:
 


Ms W Xue
Director


Mr N Millen
Director

 

Taylor Brothers Investments Limited

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

1

General information

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

The address of its registered office is:
Units 5 & 6 Avon Valley Business Park Chapel Way
St. Annes Park
Bristol
BS4 4EU
England

These financial statements were authorised for issue by the Board on 17 April 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 except that as disclosed in the accounting policies certain items are shown at fair value.

The financial statements are prepared in sterling, which is the functional currency of the company, and rounded to the nearest £.

Group accounts not prepared

This company is part of a group. The company has taken advantage of the exemption provided by Section 399 2(A) of the Companies Act 2006 and has not prepared accounts.

Going concern

The directors remain confident that the subsidiary company will continue trading profitably so as to be able to remit sufficient dividend income to the company to enable it to pay its liabilities as they fall due for the foreseeable future. Accordingly the accounts have been prepared on a going concern basis.

Business combinations

Business combinations are accounted for using the purchase method. The consideration for each acquisition is measured at the aggregate of the fair values at acquisition date of assets given, liabilities incurred or assumed, and equity instruments issued by the group in exchange for control of the acquired, plus any costs directly attributable to the business combination. When a business combination agreement provides for an adjustment to the cost of the combination contingent on future events, the group includes the estimated amount of that adjustment in the cost of the combination at the acquisition date if the adjustment is probable and can be measured reliably.

 

Taylor Brothers Investments Limited

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

Investments

Investments in equity shares which are publicly traded or where the fair value can be measured reliably are initially measured at fair value, with changes in fair value recognised in profit or loss. Investments in equity shares which are not publicly traded and where fair value cannot be measured reliably are measured at cost less impairment.

Interest income on debt securities, where applicable, is recognised in income using the effective interest method. Dividends on equity securities are recognised in income when receivable.

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Trade creditors are classified as current liabilities if the group does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

Dividends

A dividend distribution is recognised as a liability in the financial statements in the reporting period in which the dividends are declared.

3

Staff numbers

The average number of persons employed by the company (including directors) during the year was 6 (2022 - 6).

4

Investments

2023
£

2022
£

Investments in subsidiaries

1,571,028

1,571,028

 

Taylor Brothers Investments Limited

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

Subsidiaries

£

Cost or valuation

At 1 October 2022

1,571,028

Carrying amount

At 30 September 2023

1,571,028

At 30 September 2022

1,571,028

5

Creditors

Due within one year

2023
£

2022
£

Trade creditors

15

15

Amounts due to related parties

22,471

21,041

Accruals

1,573

1,430

24,059

22,486

 

Taylor Brothers Investments Limited

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

6

Share capital

Allotted, called up and fully paid shares

 

2023

2022

 

No.

£

No.

£

Ordinary shares of £1 each

15,000

15,000

15,000

15,000