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REGISTERED NUMBER: 03943145 (England and Wales)
















TOLCHER LTD

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2024






TOLCHER LTD (REGISTERED NUMBER: 03943145)







CONTENTS OF THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2024





Page



Company Information  

1



Statement of Financial Position  

2



Notes to the Financial Statements  

4




TOLCHER LTD


COMPANY INFORMATION

FOR THE YEAR ENDED 31 MARCH 2024









DIRECTORS:

N W E Gorst


Mrs E M Gorst







SECRETARY:

Mrs E M Gorst







REGISTERED OFFICE:

West Lodge


Rainbow Street


Leominster


Herefordshire


HR6 8DQ







REGISTERED NUMBER:

03943145 (England and Wales)







ACCOUNTANTS:

Davies Edwards & Co


Chartered Certified Accountants


West Lodge


Rainbow Street


Leominster


Herefordshire


HR6 8DQ


TOLCHER LTD (REGISTERED NUMBER: 03943145)


STATEMENT OF FINANCIAL POSITION

31 MARCH 2024



2024

2023



Notes

£   

£   

£   

£   


FIXED ASSETS

Investment property

4

654,945


654,945




CURRENT ASSETS

Debtors

5

579


1,096



Cash at bank

77,546


93,369



78,125


94,465



CREDITORS

Amounts falling due within one year

6

40,349


46,051



NET CURRENT ASSETS

37,776


48,414



TOTAL ASSETS LESS CURRENT

LIABILITIES

692,721


703,359




PROVISIONS FOR LIABILITIES

76,167


76,167



NET ASSETS

616,554


627,192




CAPITAL AND RESERVES

Called up share capital

7

1


1



Non-distributable reserve

8

413,995


413,995



Retained earnings

8

202,558


213,196



SHAREHOLDERS' FUNDS

616,554


627,192




The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2024.  


The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2024 in accordance with Section 476 of the Companies Act 2006.  


The directors acknowledge their responsibilities for:
(a)ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.


TOLCHER LTD (REGISTERED NUMBER: 03943145)


STATEMENT OF FINANCIAL POSITION - continued

31 MARCH 2024



The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.  


In accordance with Section 444 of the Companies Act 2006, the Statement of Comprehensive Income has not been delivered.  


The financial statements were approved by the Board of Directors and authorised for issue on 5 August 2024 and were signed on its behalf by:






N W E Gorst - Director



TOLCHER LTD (REGISTERED NUMBER: 03943145)


NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2024


1.

STATUTORY INFORMATION



Tolcher Ltd 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.


2.

ACCOUNTING POLICIES



Basis of preparing the financial statements


These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention as modified by the revaluation of certain assets.    



Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.


Investment property

Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.


Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the statement of financial position date.


Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.


Pension costs and other post-retirement benefits

The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3.

EMPLOYEES AND DIRECTORS



The average number of employees during the year was NIL (2023 - NIL).


TOLCHER LTD (REGISTERED NUMBER: 03943145)


NOTES TO THE FINANCIAL STATEMENTS - continued

FOR THE YEAR ENDED 31 MARCH 2024


4.

INVESTMENT PROPERTY


Total

£   



FAIR VALUE


At 1 April 2023


and 31 March 2024

654,945




NET BOOK VALUE


At 31 March 2024

654,945




At 31 March 2023

654,945





Fair value at 31 March 2024 is represented by:

£   



Valuation in 2018

275,237




Valuation in 2019

(30,000

)



Valuation in 2021

30,000




Valuation in 2022

114,925




Valuation in 2023

100,000




Cost

164,783



654,945





If the investment properties had not been revalued they would have been included at the following historical cost:


2024

2023


£   

£   



Cost

164,783


164,783





Investment properties were valued on an open market basis on 25 August 2023 by N W E Gorst (Director) .


5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR


2024

2023


£   

£   



Prepayments and accrued income

579


1,096




6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR


2024

2023


£   

£   



Trade creditors

460


7,171




Directors' current accounts

31,428


31,428




Accruals and deferred income

7,461


6,452




Security deposits

1,000


1,000



40,349


46,051




7.

CALLED UP SHARE CAPITAL



Allotted, issued and fully paid:


Number:

Class:

Nominal

2024

2023



value:

£   

£   



1

Ordinary

£1

1


1




TOLCHER LTD (REGISTERED NUMBER: 03943145)


NOTES TO THE FINANCIAL STATEMENTS - continued

FOR THE YEAR ENDED 31 MARCH 2024


8.

RESERVES


Retained


Non-distributable



earnings


reserve


Totals

£   

£   

£   




At 1 April 2023

213,196


413,995


627,191




Deficit for the year

(10,638

)

(10,638

)



At 31 March 2024

202,558


413,995


616,553




9.

RELATED PARTY DISCLOSURES


N W E Gorst is also a director of Tregenna Properties (St Ives) Ltd, Brightwells Ltd, Bids Estates Ltd and Brightwells Holdings Ltd. Tolcher Ltd has not traded with any of those concerns during the year.