REGISTERED NUMBER: |
UNAUDITED FINANCIAL STATEMENTS |
FOR THE YEAR ENDED 31 AUGUST 2023 |
FOR |
TOMARRA LIMITED |
REGISTERED NUMBER: |
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 |
Investments | 5 |
CURRENT ASSETS |
Debtors |
Cash at bank |
CREDITORS |
Amounts falling due within one year |
NET CURRENT ASSETS |
TOTAL ASSETS LESS CURRENT LIABILITIES |
PROVISIONS FOR LIABILITIES |
NET ASSETS |
CAPITAL AND RESERVES |
Called up share capital | 6 |
Revaluation reserve | 7 |
Capital redemption reserve | 7 |
Retained earnings | 7 |
SHAREHOLDERS' FUNDS |
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 |
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 |
TOMARRA LIMITED (REGISTERED NUMBER: 02897780) |
NOTES TO THE FINANCIAL STATEMENTS |
for the year ended 31 August 2023 |
1. | STATUTORY INFORMATION |
Tomarra Limited is a |
Registered number: |
Registered office: |
2. | ACCOUNTING POLICIES |
Basis of preparing the financial statements |
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 |
Freehold buildings | - |
Improvements to properties | - |
Office equipment | - |
Fixtures and fittings | - |
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 |
4. | TANGIBLE FIXED ASSETS |
Totals |
£ |
COST OR VALUATION |
At 1 September 2022 |
Additions |
Revaluations |
At 31 August 2023 |
DEPRECIATION |
At 1 September 2022 |
Charge for year |
At 31 August 2023 |
NET BOOK VALUE |
At 31 August 2023 |
At 31 August 2022 |
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: | £ | £ |
Ordinary A | £1 | 1 | 1 |
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 | 2,217,043 |
Deficit for the year | ( |
) | - | - | ( |
) |
Dividends | ( |
) | - | - | ( |
) |
No description | - | 300,000 | - | 300,000 |
At 31 August 2023 | 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. |