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COMPANY REGISTRATION NUMBER: 11712041
Twelve Trees Care Limited
Filleted Unaudited Abridged Financial Statements
30 November 2023
Twelve Trees Care Limited
Abridged Financial Statements
Year Ended 30 November 2023
Contents
Page
Abridged statement of financial position
1
Notes to the abridged financial statements
3
Twelve Trees Care Limited
Abridged Statement of Financial Position
30 November 2023
2023
2022
Note
£
£
£
Fixed Assets
Tangible assets
5
352
470
Investments
6
200
200
----
----
552
670
Current Assets
Debtors
74,692
37,625
Cash at bank and in hand
305,704
6,648
---------
--------
380,396
44,273
Creditors: amounts falling due within one year
371,152
35,901
---------
--------
Net Current Assets
9,244
8,372
-------
-------
Total Assets Less Current Liabilities
9,796
9,042
Provisions
67
89
-------
-------
Net Assets
9,729
8,953
-------
-------
Capital and Reserves
Called up share capital
7
200
200
Profit and loss account
9,529
8,753
-------
-------
Shareholders Funds
9,729
8,953
-------
-------
These abridged financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
In accordance with section 444 of the Companies Act 2006, the abridged statement of income and retained earnings has not been delivered.
For the year ending 30 November 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Director's responsibilities:
- The members have not required the company to obtain an audit of its abridged financial statements for the year in question in accordance with section 476 ;
- The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of abridged financial statements .
All of the members have consented to the preparation of the abridged statement of income and retained earnings and the abridged statement of financial position for the year ending 30 November 2023 in accordance with Section 444(2A) of the Companies Act 2006.
Twelve Trees Care Limited
Abridged Statement of Financial Position (continued)
30 November 2023
These abridged financial statements were approved by the board of directors and authorised for issue on 8 August 2024 , and are signed on behalf of the board by:
Mr S C Mills
Director
Company registration number: 11712041
Twelve Trees Care Limited
Notes to the Abridged Financial Statements
Year Ended 30 November 2023
1. General information
The company is a private company limited by shares, registered in England and Wales. The address of the registered office is 17 Priory Road, Sheffield, S7 1LW.
2. Statement of compliance
These abridged financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.
3. Accounting policies
Basis of preparation
The financial statements have been prepared on the historical cost basis. The financial statements are prepared in sterling, which is the functional currency of the entity.
Consolidation
The company has taken advantage of the option not to prepare consolidated abridged financial statements contained in Section 398 of the Companies Act 2006 on the basis that the company and its subsidiary undertakings comprise a small group.
Revenue recognition
The turnover shown in the profit and loss account represents support charges charged for the accounting year reported.
Income tax
The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in profit or loss, except to the extent that it relates to items recognised in other comprehensive income or directly in equity. In this case, tax is recognised in other comprehensive income or directly in equity, respectively. Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.
Deferred tax is recognised in respect of all timing differences at the reporting date. Unrelieved tax losses and other deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date that are expected to apply to the reversal of the timing difference.
Tangible assets
Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses.
Depreciation
Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:
Fixtures and fittings
-
25% reducing balance
Investments
Fixed asset investments are initially recorded at cost, and subsequently stated at cost less any accumulated impairment losses.
Listed investments are measured at fair value with changes in fair value being recognised in profit or loss.
Provisions
Provisions are recognised when the entity has an obligation at the reporting date as a result of a past event, it is probable that the entity will be required to transfer economic benefits in settlement and the amount of the obligation can be estimated reliably. Provisions are recognised as a liability in the abridged statement of financial position and the amount of the provision as an expense. Provisions are initially measured at the best estimate of the amount required to settle the obligation at the reporting date and subsequently reviewed at each reporting date and adjusted to reflect the current best estimate of the amount that would be required to settle the obligation. Any adjustments to the amounts previously recognised are recognised in profit or loss unless the provision was originally recognised as part of the cost of an asset. When a provision is measured at the present value of the amount expected to be required to settle the obligation, the unwinding of the discount is recognised as a finance cost in profit or loss in the period it arises.
Financial instruments
Debtors and creditors with no stated interest rate and receivable or payable within one year are recorded at transaction price. Any losses arising from impairment are recognised in the profit and loss account in other administrative expenses.
4. Employee numbers
The average number of persons employed by the company during the year amounted to 7 (2022: 7 ).
5. Tangible assets
£
Cost
At 1 December 2022 and 30 November 2023
550
----
Depreciation
At 1 December 2022
80
Charge for the year
118
----
At 30 November 2023
198
----
Carrying amount
At 30 November 2023
352
----
At 30 November 2022
470
----
6. Investments
£
Cost
At 1 December 2022 and 30 November 2023
200
----
Impairment
At 1 December 2022 and 30 November 2023
----
Carrying amount
At 30 November 2023
200
----
At 30 November 2022
200
----
7. Called up share capital
Issued, called up and fully paid
2023
2022
No.
£
No.
£
Ordinary A shares of £ 1 each
102
102
102
102
Ordinary B shares of £ 1 each
98
98
98
98
----
----
----
----
200
200
200
200
----
----
----
----
8. Related party transactions
During the year the company provided and received short term loans from related parties. The balance outstanding due (to) or due from related parties at 30 November 2023 are as follows:
2023 2022
£ £
Entities under common control 74,692 37,625
Related parties ( 38,348) ( 10,828)
All loans are unsecured, interest free and repayable on demand.