2 false false false false false false false false false false true false false false false false false No description of principal activity 2023-01-01 Sage Accounts Production Advanced 2023 - FRS102_2023 xbrli:pure xbrli:shares iso4217:GBP 03290998 2023-01-01 2023-12-31 03290998 2023-12-31 03290998 2022-12-31 03290998 2022-01-01 2022-12-31 03290998 2022-12-31 03290998 2021-12-31 03290998 bus:Director1 2023-01-01 2023-12-31 03290998 core:WithinOneYear 2023-12-31 03290998 core:WithinOneYear 2022-12-31 03290998 core:ShareCapital 2023-12-31 03290998 core:ShareCapital 2022-12-31 03290998 core:RetainedEarningsAccumulatedLosses 2023-12-31 03290998 core:RetainedEarningsAccumulatedLosses 2022-12-31 03290998 bus:SmallEntities 2023-01-01 2023-12-31 03290998 bus:AuditExemptWithAccountantsReport 2023-01-01 2023-12-31 03290998 bus:SmallCompaniesRegimeForAccounts 2023-01-01 2023-12-31 03290998 bus:PrivateLimitedCompanyLtd 2023-01-01 2023-12-31 03290998 bus:FullAccounts 2023-01-01 2023-12-31
COMPANY REGISTRATION NUMBER: 03290998
Turnkey Properties Limited
Filleted Unaudited Financial Statements
31 December 2023
Turnkey Properties Limited
Financial Statements
Year ended 31 December 2023
Contents
Page
Statement of financial position
1
Notes to the financial statements
2
Turnkey Properties Limited
Statement of Financial Position
31 December 2023
2023
2022
Note
£
£
Current assets
Stocks
80,000
80,000
Cash at bank and in hand
1,300
959
--------
--------
81,300
80,959
Creditors: amounts falling due within one year
5
41,455
37,887
--------
--------
Net current assets
39,845
43,072
--------
--------
Total assets less current liabilities
39,845
43,072
--------
--------
Net assets
39,845
43,072
--------
--------
Capital and reserves
Called up share capital
120,000
120,000
Profit and loss account
( 80,155)
( 76,928)
---------
---------
Shareholders funds
39,845
43,072
---------
---------
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
In accordance with section 444 of the Companies Act 2006, the statement of income and retained earnings has not been delivered.
For the 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 financial statements for the year in question in accordance with section 476 ;
- The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .
These financial statements were approved by the board of directors and authorised for issue on 16 September 2024 , and are signed on behalf of the board by:
Mr B Cannon
Director
Company registration number: 03290998
Turnkey Properties Limited
Notes to the Financial Statements
Year ended 31 December 2023
1. General information
Turnkey Properties Limited is a private company limited by shares, registered in the United Kingdom number 03290998 . Its registered office is 5 Ripon Drive, Heaton, Bolton, , BL1 5PE. The principal activity of the company during the year was that of property developers.
2. Statement of compliance
These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.
3. Accounting policies
Basis of preparation
The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.
The financial statements are prepared in sterling, which is the functional currency of the entity.
Judgements and key sources of estimation uncertainty
The preparation of the financial statements requires management to make judgements, estimates and assumptions that affect the amounts reported. These estimates and judgements are continually reviewed and are based on experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances.
Stocks
Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost includes all costs of purchase, costs of conversion and other costs incurred in bringing the stock to its present location and condition.
4. Employee numbers
The average number of persons employed by the company during the year amounted to 2 (2022: 2 ).
5. Creditors: amounts falling due within one year
2023
2022
£
£
Other creditors
41,455
37,887
--------
--------
6. Related party transactions
No transactions with related parties were undertaken such as are required to be disclosed under FRS102 section 1A.