Company Registration No. SC145873 (Scotland)
Termshield Limited
Unaudited accounts
for the year ended 30 September 2023
Termshield Limited
Unaudited accounts
Contents
Termshield Limited
Company Information
for the year ended 30 September 2023
Director
Norman Arthur Rowan
Secretary
Colin Samuel Conlon
Company Number
SC145873 (Scotland)
Registered Office
12 Niddry Street South
Edinburgh
EH1 1NS
Accountants
Select Financial Management
Axwell House
2 Westerton Road
Broxburn
West Lothian
EH52 5AU
Termshield Limited
Statement of financial position
as at 30 September 2023
Investment property
1,204,331
1,204,331
Cash at bank and in hand
131,083
80,238
Creditors: amounts falling due within one year
(96,424)
(101,476)
Net current assets
154,610
98,713
Total assets less current liabilities
1,358,941
1,303,044
Creditors: amounts falling due after more than one year
(159,346)
(181,713)
Net assets
1,199,595
1,121,331
Called up share capital
1,000
1,000
Profit and loss account
1,198,595
1,120,331
Shareholders' funds
1,199,595
1,121,331
For the 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. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 26 August 2024 and were signed on its behalf by
Norman Arthur Rowan
Director
Company Registration No. SC145873
Termshield Limited
Notes to the Accounts
for the year ended 30 September 2023
Termshield Limited is a private company, limited by shares, registered in Scotland, registration number SC145873. The registered office is 12 Niddry Street South, Edinburgh, EH1 1NS.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Investment property is included at market fair value. Gains are recognised in the income statement. Deferred taxation is not provided on these gains as the properties are the company's main source of income so cannot be sold.
Fair value at 1 October 2022
1,204,331
At 30 September 2023
1,204,331
Amounts falling due within one year
Other debtors
119,951
119,951
6
Creditors: amounts falling due within one year
2023
2022
Bank loans and overdrafts
45,000
67,572
Taxes and social security
51,180
33,904
Loans from directors
244
-
7
Creditors: amounts falling due after more than one year
2023
2022
Bank loans
159,346
181,713
Termshield Limited
Notes to the Accounts
for the year ended 30 September 2023
8
Transactions with related parties
The company has loaned money Nocturnal Aviators Ltd, a company under common control. The amount outstanding at the balance sheet date is £114,951 (PY: £114,951) which is included in the balance for Other Debtors per Note 5 above. This loan is interest-free and has no set repayment date.
9
Average number of employees
During the year the average number of employees was 1 (2022: 1).