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REGISTERED NUMBER: 01382384 (England and Wales)



UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 NOVEMBER 2023

FOR

TECHNEALT LTD

TECHNEALT LTD (REGISTERED NUMBER: 01382384)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 NOVEMBER 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


TECHNEALT LTD

COMPANY INFORMATION
FOR THE YEAR ENDED 30 NOVEMBER 2023







DIRECTORS: J S Mitchell
Mrs J Mitchell





SECRETARY: J S Mitchell





REGISTERED OFFICE: Broughton Ground House
Broughton Ground Lane
Newport Pagnell
Buckinghamshire
MK16 0HZ





REGISTERED NUMBER: 01382384 (England and Wales)





ACCOUNTANTS: Lucentum Business Services Ltd
Beckwith Barn
Warren Estate
Lordship Road
Chelmsford
Essex
CM1 3WT

TECHNEALT LTD (REGISTERED NUMBER: 01382384)

BALANCE SHEET
30 NOVEMBER 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Investments 4 225,136 225,136

CURRENT ASSETS
Debtors 5 20,887 20,887
Cash at bank 431 431
21,318 21,318
NET CURRENT ASSETS 21,318 21,318
TOTAL ASSETS LESS CURRENT
LIABILITIES

246,454

246,454

CAPITAL AND RESERVES
Called up share capital 224,002 224,002
Retained earnings 22,452 22,452
SHAREHOLDERS' FUNDS 246,454 246,454

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 November 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 November 2023 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.

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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 29 August 2024 and were signed on its behalf by:





J S Mitchell - Director


TECHNEALT LTD (REGISTERED NUMBER: 01382384)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 NOVEMBER 2023

1. STATUTORY INFORMATION

Technealt 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.

The presentation currency of the financial statements is the Pound Sterling (£).


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.

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.

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2022 - 2 ) .

4. FIXED ASSET INVESTMENTS

2023 2022
£    £   
Loans to group undertakings 133,109 133,109
Other investments not loans 92,027 92,027
225,136 225,136

TECHNEALT LTD (REGISTERED NUMBER: 01382384)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 NOVEMBER 2023

4. FIXED ASSET INVESTMENTS - continued

Additional information is as follows:
Other
investments
£   
COST
At 1 December 2022
and 30 November 2023 92,027
NET BOOK VALUE
At 30 November 2023 92,027
At 30 November 2022 92,027

The company's investments at the Balance Sheet date in the share capital of companies include the following:

J.M. Farms Ltd
Registered office:
Nature of business: Farming
%
Class of shares: holding
Ordinary £1 100.00
2023 2022
£    £   
Aggregate capital and reserves (75,717 ) (75,802 )
Profit for the year 85 1,154

J.M. Farms Ltd has a 100% subsidiary, Heritage Stone Ltd, which is also incorporated in England. The company ceased to trade on 9 August 2004.
Loans to
group
undertaking
£   
At 1 December 2022
and 30 November 2023 133,109

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Amounts owed by group undertakings 20,887 20,887

6. ULTIMATE CONTROLLING PARTY

The ultimate controlling party is considered to be Mr J S Mitchell by virtue of his shareholding.