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REGISTERED NUMBER: 06692121 (England and Wales)












Torr Innovations Ltd

Unaudited Financial Statements

for the Year Ended 31st March 2024






Torr Innovations Ltd (Registered number: 06692121)






Contents of the Financial Statements
for the Year Ended 31st March 2024




Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 3


Torr Innovations Ltd

Company Information
for the Year Ended 31st March 2024







DIRECTOR: Ms S M Wolstenholme





REGISTERED OFFICE: 48 Arwenack Street
Falmouth
Cornwall
TR11 3JH





REGISTERED NUMBER: 06692121 (England and Wales)





ACCOUNTANTS: Hodgsons
Chartered Accountants
48 Arwenack Street
Falmouth
Cornwall
TR11 3JH

Torr Innovations Ltd (Registered number: 06692121)

Statement of Financial Position
31st March 2024

31.3.24 31.3.23
Notes £    £   

CREDITORS
Amounts falling due within one year 4 (466,546 ) (466,084 )
NET CURRENT LIABILITIES (466,546 ) (466,084 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

(466,546

)

(466,084

)

CAPITAL AND RESERVES
Called up share capital 1,000 1,000
Retained earnings (467,546 ) (467,084 )
SHAREHOLDERS' FUNDS (466,546 ) (466,084 )

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31st March 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31st March 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges her responsibilities for:
(a)ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

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

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 20th September 2024 and were signed by:





Ms S M Wolstenholme - Director


Torr Innovations Ltd (Registered number: 06692121)

Notes to the Financial Statements
for the Year Ended 31st March 2024

1. STATUTORY INFORMATION

Torr Innovations Ltd is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2023 - 1 ) .

4. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Amounts owed to group undertakings 122,031 121,575
Other creditors 344,515 344,509
466,546 466,084

5. RELATED PARTY DISCLOSURES

At the year end the Torr Innovation owed the director S Wolstenholme £344,209 (2023 £344,209)

The company also had outstanding intercompany loans due as follows:

Ashes and Sparks Limited - £2,485 (2023 - £2,485)
Ashley Events Limited - £119,546 (2023 - £119,090)

6. ULTIMATE CONTROLLING PARTY

The company is a wholly owned subsidiary of Ashes & Sparks Limited of which Ms S Wolstenholme is a director and majority shareholder.

7. GOING CONCERN

The company is reliant upon the continued support of the director and the holding company Ashes and Sparks Ltd.