Caseware UK (AP4) 2023.0.135 2023.0.135 2023-09-302023-09-3012022-10-01falseThe principal activity of the company is that of investment property.1truetrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. 01558371 2022-10-01 2023-09-30 01558371 2021-10-01 2022-09-30 01558371 2023-09-30 01558371 2022-09-30 01558371 c:Director1 2022-10-01 2023-09-30 01558371 d:CurrentFinancialInstruments 2023-09-30 01558371 d:CurrentFinancialInstruments 2022-09-30 01558371 d:CurrentFinancialInstruments d:WithinOneYear 2023-09-30 01558371 d:CurrentFinancialInstruments d:WithinOneYear 2022-09-30 01558371 d:ShareCapital 2023-09-30 01558371 d:ShareCapital 2022-09-30 01558371 d:RevaluationReserve 2023-09-30 01558371 d:RevaluationReserve 2022-09-30 01558371 d:RetainedEarningsAccumulatedLosses 2023-09-30 01558371 d:RetainedEarningsAccumulatedLosses 2022-09-30 01558371 c:OrdinaryShareClass1 2022-10-01 2023-09-30 01558371 c:OrdinaryShareClass1 2023-09-30 01558371 c:OrdinaryShareClass1 2022-09-30 01558371 c:FRS102 2022-10-01 2023-09-30 01558371 c:AuditExempt-NoAccountantsReport 2022-10-01 2023-09-30 01558371 c:FullAccounts 2022-10-01 2023-09-30 01558371 c:PrivateLimitedCompanyLtd 2022-10-01 2023-09-30 iso4217:GBP xbrli:shares xbrli:pure
Registered number: 01558371














TOWER COMMODITIES 1981 LIMITED

 
UNAUDITED

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 SEPTEMBER 2023

 
TOWER COMMODITIES 1981 LIMITED
REGISTERED NUMBER:01558371

BALANCE SHEET
AS AT 30 SEPTEMBER 2023

2023
2022
Note
£
£

  

Current assets
  

Debtors: amounts falling due within one year
 4 
24,947
21,317

  
24,947
21,317

Creditors: amounts falling due within one year
 5 
(308,465)
(308,465)

Net current liabilities
  
 
 
(283,518)
 
 
(287,148)

Total assets less current liabilities
  
(283,518)
(287,148)

  

Net liabilities
  
(283,518)
(287,148)


Capital and reserves
  

Called up share capital 
 6 
5,000
5,000

Revaluation reserve
  
15,483
15,483

Profit and loss account
  
(304,001)
(307,631)

  
(283,518)
(287,148)


The director considers that the company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

The director acknowledges her responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The financial statements have been prepared 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 financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The company has opted not to file the profit and loss account in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf by: 




H R Shuman
Director

Date: 31 August 2024

The notes on pages 2 to 3 form part of these financial statements.

Page 1

 
TOWER COMMODITIES 1981 LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2023

1.


General information

Tower Commodities 1981 Limited is a private company, limited by shares, registered in England and Wales, registration number 01558371. The registered office address is 2nd Floor, 168 Shoreditch High Street, London, E1 6RA.

The principal activity of the company is that of investment property.

2.Accounting policies

 
2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with Section 1A of Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006.

 
2.2

Revenue

Revenue is recognised to the extent that it is probable that the economic benefits will flow to the company and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. 

Turnover from investment property is recognised when it is probable the company will receive the consideration due under the contract.

 
2.3

Debtors

Short-term debtors are measured at transaction price, less any impairment.

 
2.4

Creditors

Short-term creditors are measured at the transaction price. 

 
2.5

Financial instruments

The company only enters into basic financial instrument transactions that result in the recognition of financial assets and liabilities such as trade and other debtors and creditors, and loans with related parties.


3.


Employees

The average monthly number of employees, including the director, during the year was 1 (2022 -1).

Page 2

 
TOWER COMMODITIES 1981 LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2023

4.


Debtors

2023
2022
£
£


Trade debtors
5,102
1,472

Other debtors
19,845
19,845

24,947
21,317



5.


Creditors: amounts falling due within one year

2023
2022
£
£

Other creditors
306,365
306,365

Accruals and deferred income
2,100
2,100

308,465
308,465



6.


Share capital

2023
2022
£
£
Allotted, called up and fully paid



5,000 (2022 -5,000) Ordinary shares shares of £1.00 each
5,000
5,000



7.


Transactions with directors

At the year end, the company owed the director £306,365 (2022 - £306,365). The loan is unsecured, interest free and repayable on demand.

 
Page 3