Company registration number: 07912877
Unaudited financial statements
for the year ended 31 December 2023
for
Terra Nova Fertilisers Limited
Pages for filing with the Registrar
Company registration number: 07912877
Terra Nova Fertilisers Limited
Balance sheet
as at 31 December 2023
2023 2022
£ £ £ £
Current assets
Debtors 1,155,305 1,998,165
Cash at bank and in hand 51,252 259,971
1,206,557 2,258,136
Creditors: amounts falling due within
one year
(1,195,634) (2,181,493)
Net current assets 10,923 76,643
NET ASSETS 10,923 76,643
Capital and reserves
Called up share capital 2 2
Profit and loss account 10,921 76,641
TOTAL EQUITY 10,923 76,643
The company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies for the year ended 31 December 2023.
The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges their responsibilities to comply with the Companies Act 2006 in respect to accounting records and the preparation of financial statements.
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 Profit and loss account has not been delivered to the Registrar.
Signed by:
Ms N Thomas, Director
30 August 2024
1
Terra Nova Fertilisers Limited
Notes to the financial statements
for the year ended 31 December 2023
1 Company information
The company is registered in England and Wales. Its registered number is 07912877. The company is limited by shares. Its registered office is Eco-Option House, Lostock Works, Cheshire, CW9 7XU.
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 historic cost convention.
Going concern
In preparing these financial statements, the director has assessed whether there are any material uncertainties related to events or conditions that cast significant doubt upon the company's ability to continue as a going concern. In making this assessment, the director takes into account all available information about the future which is at least 12 months from the date that the financial statements are authorised for issue.
The director considers that the company has adequate resources to continue in business for the foreseeable future and that it is appropriate to adopt the going concern basis in preparing the financial statements.
Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, Value Added Tax and other sales taxes.
Financial instruments
The company has elected to apply the provisions of Section 11 'Basic Financial Instruments' and Section 12 'Other Financial Instruments Issues' of FRS 102 to all of its financial instruments.



Financial instruments are recognised in the company's balance sheet when the company becomes party to the contractual provisions of the instrument.
Taxation
Taxation for the year comprises current taxation. Tax is recognised in the Profit and loss account, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.
Current 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.
2
Terra Nova Fertilisers Limited
Notes to the financial statements - continued
for the year ended 31 December 2023
2 Accounting policies - continued
Foreign currencies
Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result.
3 Average number of employees
During the year the average number of employees was 1 (2022 - 1).
4 Advances, credit and guarantees granted to directors
The following advances and credits to a director subsisted during the years ended 31 December 2023 and 31 December 2022.
2023 2022
£ £
Ms Nessa Angelet Thomas
Balance outstanding at start of year 1,050,000 -
Amounts advanced 1,461,000 -
Amounts repaid (3,248,992) (1,250,000)
Balance outstanding at end of year (737,992) (1,250,000)
3