2023-01-012023-12-312023-12-31false03693854Time Out Activities 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Time Out Activities Limited

Registered Number
03693854
(England and Wales)

Unaudited Financial Statements for the Year ended
31 December 2023

Time Out Activities Limited
Company Information
for the year from 1 January 2023 to 31 December 2023

Directors

Miss E R Beatty
Miss H Beatty
Ms J M Strong

Company Secretary

Mrs L M Murdoch

Registered Address

62 Cole Park Road
Cole Park Road
Twickenham
TW1 1HU

Registered Number

03693854 (England and Wales)
Time Out Activities Limited
Balance Sheet as at
31 December 2023

Notes

2023

2022

£

£

£

£

Fixed assets
Tangible assets359,20012,823
59,20012,823
Current assets
Debtors41,8602,870
Cash at bank and on hand7421,729
2,6024,599
Creditors amounts falling due within one year5(786)(2,184)
Net current assets (liabilities)1,8162,415
Total assets less current liabilities61,01615,238
Provisions for liabilities(8,965)-
Net assets52,05115,238
Capital and reserves
Called up share capital980980
Share premium14,25814,258
Revaluation reserve38,213-
Profit and loss account(1,400)-
Shareholders' funds52,05115,238
The financial statements were approved and authorised for issue by the Board of Directors on 29 August 2024, and are signed on its behalf by:
Miss E R Beatty
Director
Miss H Beatty
Director

Registered Company No. 03693854
Time Out Activities Limited
Notes to the Financial Statements
for the year ended 31 December 2023

1.Accounting policies
Statutory information
The company is a private company limited by shares and registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.
Statement of compliance
The financial statements have been prepared in accordance with the Companies Act 2006 and FRS 102 The Financial Reporting Standard applicable in the UK and Republic of Ireland including Section 1A Small Entities.
Functional and presentation currency
The presentation currency of the financial statements is the Pound Sterling (£).
Turnover policy
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.
Current taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, except to the extent that it relates to items recognised in other comprehensive income or directly in equity. Current or deferred 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.
Deferred tax
Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
Tangible fixed assets and depreciation
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Straight line (years)
Land and buildings75
Financial instruments
The company only enters into basic financial instruments transactions that result in the recognition of financial assets and liabilities. Financial assets are measured at amortised cost and comprise of cash and cash equivalents and trade and other debtors. Financial liabilities are measured at amortised cost and comprise of trade and other creditors.
2.Average number of employees

20232022
Average number of employees during the year01
3.Tangible fixed assets

Total

£
Cost or valuation
At 01 January 2312,823
Revaluations47,177
At 31 December 2360,000
Depreciation and impairment
Charge for year800
At 31 December 23800
Net book value
At 31 December 2359,200
At 31 December 2212,823
4.Debtors: amounts due within one year

2023

2022

££
Other debtors980980
Prepayments and accrued income8801,890
Total1,8602,870
5.Creditors: amounts due within one year

2023

2022

££
Accrued liabilities and deferred income7862,184
Total7862,184