Caseware UK (AP4) 2023.0.135 2023.0.135 2024-03-312024-03-31The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.112023-02-14falseStaff cost sharing grouptruetruefalse 14661567 2023-02-13 14661567 2023-02-14 2024-03-31 14661567 2022-02-14 2023-02-13 14661567 2024-03-31 14661567 c:Director1 2023-02-14 2024-03-31 14661567 d:CurrentFinancialInstruments 2024-03-31 14661567 d:CurrentFinancialInstruments d:WithinOneYear 2024-03-31 14661567 d:ShareCapital 2024-03-31 14661567 d:RetainedEarningsAccumulatedLosses 2024-03-31 14661567 c:FRS102 2023-02-14 2024-03-31 14661567 c:AuditExempt-NoAccountantsReport 2023-02-14 2024-03-31 14661567 c:FullAccounts 2023-02-14 2024-03-31 14661567 c:PrivateLimitedCompanyLtd 2023-02-14 2024-03-31 14661567 e:PoundSterling 2023-02-14 2024-03-31 iso4217:GBP xbrli:pure

Registered number: 14661567










TOWNSHIPS 2 LTD








UNAUDITED

FINANCIAL STATEMENTS

FOR THE PERIOD ENDED 31 MARCH 2024

 
TOWNSHIPS 2 LTD
REGISTERED NUMBER: 14661567

BALANCE SHEET
AS AT 31 MARCH 2024

2024
Note
£

  

Cash at bank and in hand
  
24,198

Creditors: amounts falling due within one year
 4 
(24,193)

  

Net assets
  
5


Capital and reserves
  

Called up share capital 
  
5

Profit and loss account
  
-

  
5


The directors consider 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 period in question in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their 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 statement of income and retained earnings 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 on 10 September 2024.




Dr J M Attwood
Director

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

Page 1

 
TOWNSHIPS 2 LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 MARCH 2024

1.


General information

Townships 2 Ltd is a private company limited by shares, incorporated in England and Wales (registered number: 14661567). Its registered office is 5 - 7 Skelton Lane, Sheffield, S13 7LY.  The principal activity throughout the year was the provision of medical staff.  The company was incorporated on 14 February 2023 and began to trade on 1 April 2023.

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 FRS 102 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland' and the requirements of the Companies Act 2006. The disclosure requirements of Section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The functional and presentation currency is pounds sterling.

The following principal accounting policies have been applied:

 
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. The following criteria must also be met before revenue is recognised:

Rendering of services

Revenue from a contract to provide services is recognised in the period in which the services are provided in accordance with the stage of completion of the contract when all of the following conditions are satisfied:
the amount of revenue can be measured reliably;
it is probable that the Company will receive the consideration due under the contract;
the stage of completion of the contract at the end of the reporting period can be measured reliably; and
the costs incurred and the costs to complete the contract can be measured reliably.

 
2.3

Pensions

Defined contribution pension plan

The Company operates a defined contribution plan for its employees. A defined contribution plan is a pension plan under which the Company pays fixed contributions into a separate entity. Once the contributions have been paid the Company has no further payment obligations.

The contributions are recognised as an expense in profit or loss when they fall due. Amounts not paid are shown in accruals as a liability in the Balance sheet. The assets of the plan are held separately from the Company in independently administered funds.

Page 2

 
TOWNSHIPS 2 LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 MARCH 2024

2.Accounting policies (continued)

 
2.4

Creditors

Short-term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

 
2.5

Financial instruments

The Company only enters into basic financial instruments transactions that result in the recognition of financial assets and liabilities such as bank and cash balances, trade and other accounts receivable and payable, loans from banks and other third parties and loans to and from related parties.
Debt instruments (other than those wholly repayable or receivable within one year), including loans and other accounts receivable and payable, are initially measured at the transaction price and subsequently at amortised cost using the effective interest method. Debt instruments that are payable or receivable within one year, typically trade debtors and creditors, are measured, initially and subsequently, at the undiscounted amount of the cash or other consideration expected to be paid or received. However, if the arrangements of a short-term instrument constitute a financing transaction, the financial asset or liability is measured, initially, at the present value of the future cash flow discounted at a market rate of interest for a similar debt instrument and subsequently at amortised cost.
Financial assets and liabilities are offset and the net amount reported in the Balance sheet when there is an enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.


3.


Employees

The average monthly number of employees, including directors, during the period was 11.


4.


Creditors: Amounts falling due within one year

2024
£

Trade creditors
21,994

Accruals and deferred income
2,199

24,193



5.


Pension commitments

The Company operates a defined contributions pension scheme. The assets of the scheme are held separately from those of the Company  in an independently administered fund. The pension cost charge represents contributions payable by the Company  to the fund and amounted to £69,020. Contributions totalling £7,126 were payable to the fund at the balance sheet date and are included in creditors.

 
Page 3