Company Registration No. 01686640 (England and Wales)
Tudorshield Limited
Unaudited accounts
for the year ended 31 March 2024
Tudorshield Limited
Unaudited accounts
Contents
Tudorshield Limited
Company Information
for the year ended 31 March 2024
Directors
Stephen Cryer
Jane Mary Cryer
Company Number
01686640 (England and Wales)
Registered Office
21
Brimstage Road
Heswall
Merseyside
CH60 1XA
UK
Accountants
Oakes Accounting Ltd
37
Meadowcroft
Heswall
Wirral
CH60 1UT
Tudorshield Limited
Accountants' report
Accountants' report to the board of directors of Tudorshield Limited (the company)
These financial statements have been prepared in accordance with our terms of engagement and in order to assist you to fulfil your duties under the Companies Acts that relate to preparing the financial statements of the company for the year ended 31 March 2024.
We have prepared these financial statements based on the accounting records, information and explanations provided by you. We do not express any opinion on the financial statements.
On the balance sheet you have acknowledged your duties under the prevailing Companies Acts to ensure that the company keeps adequate accounting records and prepares financial statements that give "a true and fair view".
You have determined that the company is exempt from the statutory requirement for an audit for the year ended 31 March 2024. Therefore, the financial statements are unaudited.
The financial statements are provided exclusively to the director for the limited purpose mentioned above, and may not be used or relied upon for any other purpose or by any other person, and we shall not be liable for any other usage or reliance.
Oakes Accounting Ltd
37
Meadowcroft
Heswall
Wirral
CH60 1UT
14 August 2024
Tudorshield Limited
Statement of financial position
as at 31 March 2024
Tangible assets
563,317
22,567
Investments
100,000
100,000
Cash at bank and in hand
18,421
7,249
Creditors: amounts falling due within one year
(719,454)
(454)
Net current (liabilities)/assets
(700,747)
5,967
Total assets less current liabilities
(37,430)
128,534
Creditors: amounts falling due after more than one year
-
(140,000)
Net liabilities
(37,430)
(11,466)
Called up share capital
200
200
Profit and loss account
(37,630)
(11,666)
Shareholders' funds
(37,430)
(11,466)
For the year ending 31 March 2024 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 directors acknowledge their 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 of Directors and authorised for issue on 15 August 2024 and were signed on its behalf by
Stephen Cryer
Director
Company Registration No. 01686640
Tudorshield Limited
Notes to the Accounts
for the year ended 31 March 2024
Tudorshield Limited is a private company, limited by shares, registered in England and Wales, registration number 01686640. The registered office is 21, Brimstage Road, Heswall, Merseyside, CH60 1XA, UK.
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.
Depreciation is not provided for on the grounds the property is held for investment purposes.
Turnover represents gross rental income, exempt from VAT, recognised as it is accrued.
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws.
Deferred tax assets and liabilities are not discounted.
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.
The company is able to meet its day to day working capital requirements through the support of the directors and the company's creditors. Therefore the directors consider it appropriate to prepare financial statements on the going concern basis.
Tudorshield Limited
Notes to the Accounts
for the year ended 31 March 2024
4
Tangible fixed assets
Land & buildings
5
Investments
Subsidiary undertakings
Valuation at 1 April 2023
100,000
Valuation at 31 March 2024
100,000
Amounts falling due within one year
Trade debtors
(558)
(1,672)
Accrued income and prepayments
844
844
7
Creditors: amounts falling due within one year
2024
2023
Bank loans and overdrafts
481,250
-
Taxes and social security
4
4
Loans from directors
237,700
-
8
Creditors: amounts falling due after more than one year
2024
2023
9
Average number of employees
During the year the average number of employees was 1 (2023: 1).