Silverfin false false 30/04/2024 01/05/2023 30/04/2024 Mr P G Lister 28/06/1995 Mr R J Lister 15/11/2007 30 October 2024 The principal activity of the Company during the financial year was that of property investment. 01234601 2024-04-30 01234601 bus:Director1 2024-04-30 01234601 bus:Director2 2024-04-30 01234601 2023-04-30 01234601 core:CurrentFinancialInstruments 2024-04-30 01234601 core:CurrentFinancialInstruments 2023-04-30 01234601 core:ShareCapital 2024-04-30 01234601 core:ShareCapital 2023-04-30 01234601 core:RetainedEarningsAccumulatedLosses 2024-04-30 01234601 core:RetainedEarningsAccumulatedLosses 2023-04-30 01234601 core:LandBuildings 2023-04-30 01234601 core:Vehicles 2023-04-30 01234601 core:FurnitureFittings 2023-04-30 01234601 core:LandBuildings 2024-04-30 01234601 core:Vehicles 2024-04-30 01234601 core:FurnitureFittings 2024-04-30 01234601 2023-05-01 2024-04-30 01234601 bus:FilletedAccounts 2023-05-01 2024-04-30 01234601 bus:SmallEntities 2023-05-01 2024-04-30 01234601 bus:AuditExemptWithAccountantsReport 2023-05-01 2024-04-30 01234601 bus:PrivateLimitedCompanyLtd 2023-05-01 2024-04-30 01234601 bus:Director1 2023-05-01 2024-04-30 01234601 bus:Director2 2023-05-01 2024-04-30 01234601 core:Vehicles 2023-05-01 2024-04-30 01234601 core:FurnitureFittings 2023-05-01 2024-04-30 01234601 2022-05-01 2023-04-30 01234601 core:LandBuildings 2023-05-01 2024-04-30 01234601 1 2023-05-01 2024-04-30 iso4217:GBP xbrli:pure

Company No: 01234601 (England and Wales)

TERARD LIMITED

Unaudited Financial Statements
For the financial year ended 30 April 2024
Pages for filing with the registrar

TERARD LIMITED

Unaudited Financial Statements

For the financial year ended 30 April 2024

Contents

TERARD LIMITED

BALANCE SHEET

As at 30 April 2024
TERARD LIMITED

BALANCE SHEET (continued)

As at 30 April 2024
Note 2024 2023
£ £
Fixed assets
Tangible assets 3 0 463,001
0 463,001
Current assets
Debtors 4 27,946 34,057
Cash at bank and in hand 3,232 7,908
31,178 41,965
Creditors: amounts falling due within one year 5 ( 21,270) ( 384,075)
Net current assets/(liabilities) 9,908 (342,110)
Total assets less current liabilities 9,908 120,891
Net assets 9,908 120,891
Capital and reserves
Called-up share capital 100 100
Profit and loss account 9,808 120,791
Total shareholders' funds 9,908 120,891

For the financial year ending 30 April 2024 the Company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

The financial statements of Terard Limited (registered number: 01234601) were approved and authorised for issue by the Board of Directors on 30 October 2024. They were signed on its behalf by:

Mr P G Lister
Director
TERARD LIMITED

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 30 April 2024
TERARD LIMITED

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 30 April 2024
1. Accounting policies

The principal accounting policies are summarised below. They have all been applied consistently throughout the financial year and to the preceding financial year, unless otherwise stated.

General information and basis of accounting

Terard Limited (the Company) is a private company, limited by shares, incorporated in the United Kingdom under the Companies Act 2006 and is registered in England and Wales. The address of the Company's registered office is Towngate House, 2-8 Parkstone Road, Poole, Dorset, BH15 2PW, United Kingdom.

The financial statements have been prepared under the historical cost convention, modified to include the revaluation of freehold properties and to include investment properties and certain items at fair value, and in accordance with Section 1A of Financial Reporting Standard 102 (FRS 102) ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland’ issued by the Financial Reporting Council and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.

The financial statements are presented in pounds sterling which is the functional currency of the Company and rounded to the nearest £.

Taxation

Current tax
Current tax is provided at amounts expected to be paid (or recoverable) using the tax rates and laws that have been enacted or substantively enacted at the Balance Sheet date.

Tangible fixed assets

Tangible fixed assets are stated at cost or valuation, net of depreciation and any provision for impairment. Depreciation is provided on all tangible fixed assets, other than investment property and freehold land, at rates calculated to write off the cost or valuation, less estimated residual value, of each asset on a basis over its expected useful life, as follows:

Land and buildings not depreciated
Vehicles 25 % reducing balance
Fixtures and fittings 25 % reducing balance

Residual value represents the estimated amount which would currently be obtained from disposal of an asset, after deducting estimated costs of disposal, if the asset were already of the age and in the condition expected at the end of its useful life.

Impairment of assets

Assets, other than those measured at fair value, are assessed for indicators of impairment at each Balance Sheet date. If there is objective evidence of impairment, an impairment loss is recognised in the Statement of Income and Retained Earnings as described below.

Financial instruments

Financial assets and financial liabilities are recognised when the Company becomes a party to the contractual provisions of the instrument.

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the Company after deducting all of its liabilities.

Financial assets and liabilities are only offset in the Balance Sheet when, and only when there exists a legally enforceable right to set off the recognised amounts and the Company intends either to settle on a net basis, or to realise the asset and settle the liability simultaneously.

2. Employees

2024 2023
Number Number
Monthly average number of persons employed by the Company during the year, including directors 2 2

3. Tangible assets

Land and buildings Vehicles Fixtures and fittings Total
£ £ £ £
Cost
At 01 May 2023 461,443 1,500 11,719 474,662
Disposals ( 461,443) ( 1,500) ( 11,719) ( 474,662)
At 30 April 2024 0 0 0 0
Accumulated depreciation
At 01 May 2023 0 219 11,442 11,661
Disposals 0 ( 219) ( 11,442) ( 11,661)
At 30 April 2024 0 0 0 0
Net book value
At 30 April 2024 0 0 0 0
At 30 April 2023 461,443 1,281 277 463,001

4. Debtors

2024 2023
£ £
Other debtors 27,946 34,057

5. Creditors: amounts falling due within one year

2024 2023
£ £
Corporation tax 19,290 8,093
Other creditors 1,980 375,982
21,270 384,075

6. Ultimate controlling party

Parent Company:

Solent Projects (Southern) Limited
Towngate House, 2-8 Parkstone Road, Poole, Dorst, United Kingdom, BH15 2PW

Total shares of the company are transferred to Solent Projects Southern Ltd during the year but group accounts are not prepared due to size of the group being small