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Registration number: 03122265

Telford House Property Services Limited

Annual Report and Unaudited Financial Statements

for the Year Ended 31 December 2023

 

Telford House Property Services Limited

Contents

Company Information

1

Balance Sheet

2

Notes to the Unaudited Financial Statements

3 to 4

 

Telford House Property Services Limited

Company Information

Directors

Mr TP McLoughlin

Mrs F H McLoughlin

Registered office

Mercury House
Sitka Drive
Shrewsbury Business Park
Shrewsbury
SY2 6LG

Accountants

CBSL Accountants Limited
Chartered Accountants
Rowan House North
1 The Professional Quarter
Shrewsbury Business Park
Shrewsbury
Shropshire
SY2 6LG

 

Telford House Property Services Limited

(Registration number: 03122265)
Balance Sheet as at 31 December 2023

Note

2023
£

2022
£

Current assets

 

Debtors

4

8,340

24,000

Cash at bank and in hand

 

71,090

64,820

 

79,430

88,820

Creditors: Amounts falling due within one year

5

(41,726)

(61,284)

Net assets

 

37,704

27,536

Capital and reserves

 

Called up share capital

6

100

100

Retained earnings

37,604

27,436

Shareholders' funds

 

37,704

27,536

For the financial year ending 31 December 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the directors have not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the Board on 23 September 2024 and signed on its behalf by:
 


Mr TP McLoughlin
Director

 

Telford House Property Services Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2023

1

General information

The company is a private company limited by share capital, incorporated in England and Wales.

The address of its registered office is:
Mercury House
Sitka Drive
Shrewsbury Business Park
Shrewsbury
SY2 6LG

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

Dividends

Dividend distribution to the company’s shareholders is recognised as a liability in the financial statements in the reporting period in which the dividends are declared.

3

Staff numbers

The average number of persons employed by the company (including directors) during the year, was 2 (2022 - 2).

 

Telford House Property Services Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2023

4

Debtors

Current

2023
£

2022
£

Trade debtors

5,270

10,553

Prepayments

3,070

10,797

Other debtors

-

2,650

 

8,340

24,000

5

Creditors

Creditors: amounts falling due within one year

2023
£

2022
£

Due within one year

Trade creditors

3,930

21,869

Taxation and social security

3,547

2,149

Accruals and deferred income

20,749

18,766

Other creditors

13,500

18,500

41,726

61,284

6

Share capital

Allotted, called up and fully paid shares

 

2023

2022

 

No.

£

No.

£

Ordinary 'A' of £1 each

50

50

50

50

Ordinary 'B' of £1 each

50

50

50

50

 

100

100

100

100

7

Related party transactions

At 31 December 2023 a balance of £13,500 (2022 - £18,500) was due by the company to the directors. This balance is unsecured, interest free and with no fixed terms of repayment.