Company Registration No. 14628569 (England and Wales)
Terminus Management Ltd
Unaudited accounts
for the period from 31 January 2023 to 31 January 2024
Terminus Management Ltd
Unaudited accounts
Contents
Terminus Management Ltd
Company Information
for the period from 31 January 2023 to 31 January 2024
Company Number
14628569 (England and Wales)
Registered Office
21 Cranhurst Road
London
NW2 4LJ
England
Accountants
Cornerstone Accountancy Ltd
23 Summers Lane
North Finchley
London
N12 0PE
Terminus Management Ltd
Statement of financial position
as at 31 January 2024
Investment property
559,900
Creditors: amounts falling due within one year
(231,355)
Net current liabilities
(231,355)
Total assets less current liabilities
360,583
Creditors: amounts falling due after more than one year
(399,995)
Profit and loss account
(39,412)
Shareholders' funds
(39,412)
For the period ending 31 January 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 31 October 2024 and were signed on its behalf by
Richard Voke
Director
Company Registration No. 14628569
Terminus Management Ltd
Notes to the Accounts
for the period from 31 January 2023 to 31 January 2024
Terminus Management Ltd is a private company, limited by shares, registered in England and Wales, registration number 14628569. The registered office is 21 Cranhurst Road, London, NW2 4LJ, England.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Fixtures & fittings
20% straight line
4
Tangible fixed assets
Fixtures & fittings
Charge for the period
8,009
At 31 January 2024
559,900
Terminus Management Ltd
Notes to the Accounts
for the period from 31 January 2023 to 31 January 2024
6
Creditors: amounts falling due within one year
2024
Loans from directors
126,455
7
Creditors: amounts falling due after more than one year
2024
An outstanding loan of £399,995 was due to The Mortgage Lender Ltd. The loan is secured against the Company's freehold interest in a property in Selborne Gardens, London NW4.
8
Average number of employees
During the period the average number of employees was 0.