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REGISTERED NUMBER: 04709793 (England and Wales)







UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2024

FOR

TORCROSS HOUSE LIMITED

TORCROSS HOUSE LIMITED (REGISTERED NUMBER: 04709793)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


TORCROSS HOUSE LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 MARCH 2024







DIRECTOR: M Farr





SECRETARY: P R Farr





REGISTERED OFFICE: 300 Foleshill Road
Coventry
CV6 5AH





REGISTERED NUMBER: 04709793 (England and Wales)





ACCOUNTANTS: Prime
Chartered Accountants
5 Argosy Court
Scimitar Way
Whitley Business Park
Coventry
CV3 4GA

TORCROSS HOUSE LIMITED (REGISTERED NUMBER: 04709793)

BALANCE SHEET
31 MARCH 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 3 - -
Tangible assets 4 195 260
Property improvements 5 81,993 81,993
82,188 82,253

CURRENT ASSETS
Cash at bank 25,978 27,719

CREDITORS
Amounts falling due within one year 6 21,522 22,052
NET CURRENT ASSETS 4,456 5,667
TOTAL ASSETS LESS CURRENT
LIABILITIES

86,644

87,920

CREDITORS
Amounts falling due after more than one
year

7

12,000

21,252
NET ASSETS 74,644 66,668

CAPITAL AND RESERVES
Called up share capital 200 200
Retained earnings 74,444 66,468
SHAREHOLDERS' FUNDS 74,644 66,668

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 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.

TORCROSS HOUSE LIMITED (REGISTERED NUMBER: 04709793)

BALANCE SHEET - continued
31 MARCH 2024


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 7 October 2024 and were signed by:





M Farr - Director


TORCROSS HOUSE LIMITED (REGISTERED NUMBER: 04709793)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024


1. 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.

The financial statements have been prepared on a going concern basis. The director has confirmed that in her opinion the Company will have adequate cash resources available to finance its trading and meet its obligations for the foreseeable future.

Turnover
Turnover represents services invoiced in the year. The company is not registered for value added tax.

Goodwill
Goodwill represents the purchase cost of the former business known as M Farr trading as Torcross House. In accordance with standard accounting practice the purchase cost is amortised over its estimated useful life of five years.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Fixtures and fittings - 25% on reducing balance
Computer equipment - 25% on reducing balance

2. EMPLOYEES AND DIRECTORS

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

3. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 April 2023
and 31 March 2024 40,000
AMORTISATION
At 1 April 2023
and 31 March 2024 40,000
NET BOOK VALUE
At 31 March 2024 -
At 31 March 2023 -

TORCROSS HOUSE LIMITED (REGISTERED NUMBER: 04709793)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2024


4. TANGIBLE FIXED ASSETS
Fixtures
and Computer
fittings equipment Totals
£    £    £   
COST
At 1 April 2023
and 31 March 2024 19,744 776 20,520
DEPRECIATION
At 1 April 2023 19,484 776 20,260
Charge for year 65 - 65
At 31 March 2024 19,549 776 20,325
NET BOOK VALUE
At 31 March 2024 195 - 195
At 31 March 2023 260 - 260

5. PROPERTY IMPROVEMENTS
Total
£   
FAIR VALUE
At 1 April 2023
and 31 March 2024 81,993
NET BOOK VALUE
At 31 March 2024 81,993
At 31 March 2023 81,993

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Taxation and social security 7,535 8,017
Other creditors 13,987 14,035
21,522 22,052

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£    £   
Other creditors 12,000 21,252

8. ULTIMATE CONTROLLING PARTY

The company is controlled by M Farr and her immediate family.