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Company registration number: NI689240
TORRENT PROPERTY LTD
Trading as TORRENT PROPERTY LTD
Unaudited filleted financial statements
30 June 2024
TORRENT PROPERTY LTD
Contents
Directors and other information
Statement of financial position and notes to the financial statements
TORRENT PROPERTY LTD
Directors and other information
Directors Mr James Canning
Mrs Maria Canning
Company number NI689240
Registered office 281 Coalisland Road
Dungannon
Tyrone
BT71 6ET
Business address 281 Coalisland Road
Dungannon
Tyrone
BT71 6ET
Accountants Corr & Corr
2nd Floor, The Cornmill
Lineside, Coalisland
Dungannon
Tyrone
BT71 4LP
Bankers Ulster Bank
TORRENT PROPERTY LTD
Statement of financial position
30 June 2024
30/06/24 30/06/23
£ £ £ £
Fixed assets 782,338 556,125
_______ _______
Current assets 21,821 6,914
Prepayments and accrued income 100 100
_______ _______
21,921 7,014
Creditors: amounts falling due within one year ( 780,209) ( 557,052)
_______ _______
Net current liabilities ( 758,288) ( 550,038)
_______ _______
Total assets less current liabilities 24,050 6,087
Accruals and deferred income ( 1,500) ( 1,500)
_______ _______
Net assets 22,550 4,587
_______ _______
Capital and reserves 22,550 4,587
_______ _______
Notes to the financial statements
TORRENT PROPERTY LTD
Year ended 30 June 2024
1. Directors advances, credits and guarantees
During the year the directors entered into the following advances and credits with the company:
Year ended 30/06/24
Balance brought forward Advances /(credits) to the directors Balance o/standing
£ £ £
Mr James Canning ( 556,000) ( 220,000) ( 776,000)
_______ _______ _______
Period ended 30/06/23
Balance brought forward Advances /(credits) to the directors Balance o/standing
£ £ £
Mr James Canning - ( 556,000) ( 556,000)
_______ _______ _______
For the year ending 30 June 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Directors responsiblities:
- The members have not required the company to obtain an audit of its accounts 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 accounts.
The financial statements have been prepared in accordance with the micro-entity provisions and have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.
These financial statements were approved by the board of directors and authorised for issue on 14 October 2024 , and are signed on behalf of the board by:
Mr James Canning
Director
Company registration number: NI689240
The company is a private company limited by shares, registered in Northern Ireland.