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REGISTERED NUMBER: 02897780 (England and Wales)












UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 AUGUST 2023

FOR

TOMARRA LIMITED

TOMARRA LIMITED (REGISTERED NUMBER: 02897780)






CONTENTS OF THE FINANCIAL STATEMENTS
for the year ended 31 August 2023




Page

Abridged Balance Sheet 1

Notes to the Financial Statements 3


TOMARRA LIMITED (REGISTERED NUMBER: 02897780)

ABRIDGED BALANCE SHEET
31 August 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 1,921,837 1,524,921
Investments 5 - -
1,921,837 1,524,921

CURRENT ASSETS
Debtors 32,507 64,545
Cash at bank 644,826 814,928
677,333 879,473
CREDITORS
Amounts falling due within one year 8,982 25,678
NET CURRENT ASSETS 668,351 853,795
TOTAL ASSETS LESS CURRENT
LIABILITIES

2,590,188

2,378,716

PROVISIONS FOR LIABILITIES 309,159 161,662
NET ASSETS 2,281,029 2,217,054

CAPITAL AND RESERVES
Called up share capital 6 11 11
Revaluation reserve 7 1,124,309 824,309
Capital redemption reserve 7 1 1
Retained earnings 7 1,156,708 1,392,733
SHAREHOLDERS' FUNDS 2,281,029 2,217,054

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 August 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 August 2023 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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.

TOMARRA LIMITED (REGISTERED NUMBER: 02897780)

ABRIDGED BALANCE SHEET - continued
31 August 2023


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

All the members have consented to the preparation of an abridged Balance Sheet for the year ended 31 August 2023 in accordance with Section 444(2A) of the Companies Act 2006.

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

The financial statements were approved by the director and authorised for issue on 12 June 2024 and were signed by:





T J B Alexander - Director


TOMARRA LIMITED (REGISTERED NUMBER: 02897780)

NOTES TO THE FINANCIAL STATEMENTS
for the year ended 31 August 2023

1. STATUTORY INFORMATION

Tomarra Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address are as below:

Registered number: 02897780

Registered office: 2 Spencer Street
Leamington Spa
Warwickshire
CV31 3NF

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.

The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year.

Turnover
Turnover comprises the value of sales (net of value added tax) of goods and services provided in the normal course of business.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Freehold buildings - not provided
Improvements to properties - not provided
Office equipment - 15% on reducing balance
Fixtures and fittings - 15% on reducing balance

The company maintains its property in a good state of repair and consequently expects that its residual value will be substantially higher than its present carrying value. The property also has a long economic life, and it is considered that the consumption of this asset over its useful economic life is negligible. As a result, the corresponding depreciation would not be material and therefore is not charged to the profit and loss account

Freehold property is shown at its most recent valuation. Any aggregate surplus or deficit arising from changes in market value shall be recognised in other comprehensive income and accumulated in the revaluation reserve.

Financial instruments
Loans and borrowings are initially recognised at the transaction price including transaction costs. Subsequently, they are measured at amortised cost using the effective interest rate method, less impairment.

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 income statement.

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 balance sheet date.


TOMARRA LIMITED (REGISTERED NUMBER: 02897780)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the year ended 31 August 2023

2. ACCOUNTING POLICIES - continued
Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet 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.

Unlisted investments
Unlisted investments are held at fair value. Any aggregate surplus or deficit arising from changes in fair value is recognised in the profit and loss account.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2022 - 1 ) .

4. TANGIBLE FIXED ASSETS
Totals
£   
COST OR VALUATION
At 1 September 2022 1,541,503
Additions 108,406
Revaluations 300,000
At 31 August 2023 1,949,909
DEPRECIATION
At 1 September 2022 16,582
Charge for year 11,490
At 31 August 2023 28,072
NET BOOK VALUE
At 31 August 2023 1,921,837
At 31 August 2022 1,524,921

Cost or valuation at 31 August 2023 is represented by:

Totals
£   
Valuation in 1998 132,832
Valuation in 2021 716,715
Valuation in 2023 300,000
Cost 800,362
1,949,909

TOMARRA LIMITED (REGISTERED NUMBER: 02897780)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the year ended 31 August 2023

4. TANGIBLE FIXED ASSETS - continued

In the director's opinion, the current market value of the properties is not significantly different from the valuation currently shown.

5. FIXED ASSET INVESTMENTS

Information on investments other than loans is as follows:
Totals
£   
COST
Additions 20,000
Disposals (20,000 )
At 31 August 2023 -
NET BOOK VALUE
At 31 August 2023 -

6. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2023 2022
value: £    £   
1 Ordinary A £1 1 1
10 Ordinary "B" £1 10 10
11 11

Ordinary A and Ordinary B shares both have equal voting rights and rank pari passu.

7. RESERVES
Capital
Retained Revaluation redemption
earnings reserve reserve Totals
£    £    £    £   

At 1 September 2022 1,392,733 824,309 1 2,217,043
Deficit for the year (231,025 ) - - (231,025 )
Dividends (5,000 ) - - (5,000 )
No description - 300,000 - 300,000
At 31 August 2023 1,156,708 1,124,309 1 2,281,018

Retained earnings
Retained earnings represent cumulative retained profits and losses from incorporation.

Revaluation reserve
This reserve represents cumulative adjustments to the carrying value of freehold properties.

Capital redemption reserve
This reserve represents the nominal value of shares re-acquired by the company since incorporation.