Templeport Limited 06533690 false 2023-04-01 2024-03-31 2024-03-31 The principal activity of the company is that of a holding company Digita Accounts Production Advanced 6.30.9574.0 true true 06533690 2023-04-01 2024-03-31 06533690 2024-03-31 06533690 core:CurrentFinancialInstruments core:WithinOneYear 2024-03-31 06533690 bus:SmallEntities 2023-04-01 2024-03-31 06533690 bus:AuditExemptWithAccountantsReport 2023-04-01 2024-03-31 06533690 bus:FullAccounts 2023-04-01 2024-03-31 06533690 bus:SmallCompaniesRegimeForAccounts 2023-04-01 2024-03-31 06533690 bus:RegisteredOffice 2023-04-01 2024-03-31 06533690 bus:Director1 2023-04-01 2024-03-31 06533690 bus:PrivateLimitedCompanyLtd 2023-04-01 2024-03-31 06533690 countries:EnglandWales 2023-04-01 2024-03-31 06533690 2022-04-01 2023-03-31 06533690 2023-03-31 06533690 core:CurrentFinancialInstruments core:WithinOneYear 2023-03-31 iso4217:GBP xbrli:pure

Registration number: 06533690

Prepared for the registrar

Templeport Limited

Annual Report and Unaudited Financial Statements

for the Year Ended 31 March 2024

 

Templeport Limited

(Registration number: 06533690)
Balance Sheet as at 31 March 2024

Note

2024
£

2023
£

Current assets

 

Cash at bank and in hand

 

1,713

2,907

Creditors: Amounts falling due within one year

4

(291,514)

(291,454)

Net liabilities

 

(289,801)

(288,547)

Capital and reserves

 

Called up share capital

100

100

Profit and loss account

(289,901)

(288,647)

Shareholders' deficit

 

(289,801)

(288,547)

For the financial year ending 31 March 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and

The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime and the option not to file the Profit and Loss Account has been taken.

Approved and authorised by the director on 6 November 2024
 


Mr D Matton
Director

 

Templeport Limited

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

 

1

General information

The company is a private company limited by share capital, incorporated in England and Wales.

The address of its registered office is:
Everleigh Manor
Marlborough
Wiltshire
England
SN8 3EY

 

2

Accounting policies

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except for, where disclosed in these accounting policies, certain items that are shown at fair value.

The presentational currency of the financial statements is Pounds Sterling, being the functional currency of the primary economic environment in which the company operates. Monetary amounts in these financial statements are rounded to the nearest Pound.

Going concern

After reviewing the company's forecasts and projections, the directors have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. The directors have confirmed that they will to continue to provide support for the company. The company therefore continues to adopt the going concern basis in preparing its financial statements.

Judgements

No significant judgements have been made by management in preparing these financial statements.

Key sources of estimation uncertainty

No key sources of estimation uncertainty have been identified by management in preparing these financial statements other than those detailed in these accounting policies.

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Trade creditors are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Trade creditors are recognised initially at the transaction price and all are repayable within one year and hence are included at the undiscounted amount of cash expected to be paid.

 

Templeport Limited

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

Financial Instruments

Classification
Financial instruments are classified and accounted for according to the substance of the contractual arrangement, as financial assets, financial liabilities or equity instruments. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities. Where shares are issued, any component that creates a financial liability of the company is presented as a liability on the balance sheet. The corresponding dividends relating to the liability component are charged as interest expenses in the profit and loss account.
 

Recognition and measurement
All financial assets and liabilities are initially measured at transaction price (including transaction costs), except for those financial assets classified as at fair value through profit or loss, which are initially measured at fair value (which is normally the transaction price excluding transaction costs), unless the arrangement constitutes a financing transaction. If an arrangement constitutes a financing transaction, the financial asset or financial liability is measured at the present value of the future payments discounted at a market rate of interest for a similar debt instrument.

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.
 

Impairment
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 profit or loss.
 

 

3

Staff numbers

The average number of persons employed by the company (including the director) during the year, was 2 (2023 - 2).

 

4

Creditors

Note

2024
 £

2023
 £

Due within one year

 

Director's loan account

5

290,239

290,239

Trade creditors

 

15

15

Accrued expenses

 

1,260

1,200

 

291,514

291,454

 

5

Related party transactions

Transactions with the director

At 31 March 2024, the company owed £290,239 (2023 - £290,239) to the director, in the form of directors' loan account. There are no fixed repayment terms and no interest is charged on the outstanding balance.