TURNER RACE DEVELOPMENTS LTD

Company Registration Number:
08792876 (England and Wales)

Unaudited abridged accounts for the year ended 30 November 2023

Period of accounts

Start date: 01 December 2022

End date: 30 November 2023

TURNER RACE DEVELOPMENTS LTD

Contents of the Financial Statements

for the Period Ended 30 November 2023

Balance sheet
Notes

TURNER RACE DEVELOPMENTS LTD

Balance sheet

As at 30 November 2023


Notes

2023

2022


£

£
Called up share capital not paid: 0
Fixed assets
Intangible assets:   0 0
Tangible assets: 3 50,333 51,209
Investments:   0 0
Total fixed assets: 50,333 51,209
Current assets
Stocks: 13,000 8,000
Debtors:   7,503 10,745
Cash at bank and in hand: 10,355 6,620
Investments:     0
Total current assets: 30,858 25,365
Creditors: amounts falling due within one year:   (64,340) (55,839)
Net current assets (liabilities): (33,482) (30,474)
Total assets less current liabilities: 16,851 20,735
Creditors: amounts falling due after more than one year:   (103,884) (101,196)
Provision for liabilities:   0
Total net assets (liabilities): (87,033) (80,461)
Capital and reserves
Called up share capital: 250 250
Share premium account: 29,950 29,950
Profit and loss account: (117,233) (110,661)
Shareholders funds: (87,033) (80,461)

The notes form part of these financial statements

TURNER RACE DEVELOPMENTS LTD

Balance sheet statements

For the year ending 30 November 2023 the company was entitled to exemption 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 directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

The members have agreed to the preparation of abridged accounts for this accounting period in accordance with Section 444(2A).

These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

The directors have chosen to not file a copy of the company’s profit & loss account.

This report was approved by the board of directors on 31 August 2024
and signed on behalf of the board by:

Name: Dominic Taylor
Status: Director

The notes form part of these financial statements

TURNER RACE DEVELOPMENTS LTD

Notes to the Financial Statements

for the Period Ended 30 November 2023

1. Accounting policies

These financial statements have been prepared in accordance with the provisions of Section 1A (Small Entities) of Financial Reporting Standard 102

TURNER RACE DEVELOPMENTS LTD

Notes to the Financial Statements

for the Period Ended 30 November 2023

2. Employees

2023 2022
Average number of employees during the period 4 4

TURNER RACE DEVELOPMENTS LTD

Notes to the Financial Statements

for the Period Ended 30 November 2023

3. Tangible Assets

Total
Cost £
At 01 December 2022 67,926
Additions 3,050
At 30 November 2023 70,976
Depreciation
At 01 December 2022 16,717
Charge for year 3,926
At 30 November 2023 20,643
Net book value
At 30 November 2023 50,333
At 30 November 2022 51,209

TURNER RACE DEVELOPMENTS LTD

Notes to the Financial Statements

for the Period Ended 30 November 2023

4. Related party transactions

Name of the related party: Dominic Taylor
Relationship:
Director
Description of the Transaction: All transactions were funding to assist with cash flow
£
Balance at 01 December 2022 88,795
Balance at 30 November 2023 97,545