Toponym Land Ltd 14657821 false 2023-02-13 2024-03-31 2024-03-31 The principal activity of the company is that of land and property consultants. Digita Accounts Production Advanced 6.30.9574.0 true true 14657821 2023-02-13 2024-03-31 14657821 2024-03-31 14657821 bus:Director1 1 2024-03-31 14657821 bus:OrdinaryShareClass1 bus:OtherShareType 2024-03-31 14657821 core:CurrentFinancialInstruments 2024-03-31 14657821 core:CurrentFinancialInstruments core:WithinOneYear 2024-03-31 14657821 bus:SmallEntities 2023-02-13 2024-03-31 14657821 bus:AuditExemptWithAccountantsReport 2023-02-13 2024-03-31 14657821 bus:FullAccounts 2023-02-13 2024-03-31 14657821 bus:SmallCompaniesRegimeForAccounts 2023-02-13 2024-03-31 14657821 bus:RegisteredOffice 2023-02-13 2024-03-31 14657821 bus:Director1 2023-02-13 2024-03-31 14657821 bus:Director1 1 2023-02-13 2024-03-31 14657821 bus:Director2 2023-02-13 2024-03-31 14657821 bus:OrdinaryShareClass1 bus:OtherShareType 2023-02-13 2024-03-31 14657821 bus:PrivateLimitedCompanyLtd 2023-02-13 2024-03-31 14657821 core:AllAssociates 2023-02-13 2024-03-31 14657821 countries:England 2023-02-13 2024-03-31 14657821 bus:Director1 1 2023-02-12 iso4217:GBP xbrli:pure xbrli:shares

Registration number: 14657821

Toponym Land Ltd

Annual Report and Unaudited Financial Statements

for the Period from 13 February 2023 to 31 March 2024

image-name
 

Toponym Land Ltd

Contents

Company Information

1

Balance Sheet

2

Notes to the Unaudited Financial Statements

3 to 5

 

Toponym Land Ltd

Company Information

Directors

Mrs Chantelle Maria McArthur-Clarke

Mr Scott McArthur

Registered office

Saxon House 27 Duke Street
Chelmsford
Essex
CM1 1HT

Accountants

Viewpoint Accountants Ltd
Saxon House 27 Duke Street
Chelmsford
Essex
CM1 1HT

 

Toponym Land Ltd

(Registration number: 14657821)
Balance Sheet as at 31 March 2024

Note

2024
£

Current assets

 

Debtors

4

43,229

Cash at bank and in hand

 

494

 

43,723

Creditors: Amounts falling due within one year

5

(63,191)

Net liabilities

 

(19,468)

Capital and reserves

 

Called up share capital

6

2

Retained earnings

(19,470)

Shareholders' deficit

 

(19,468)

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

Directors' responsibilities:

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

The directors acknowledge their 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.

Approved and authorised by the Board on 11 November 2024 and signed on its behalf by:
 

.........................................
Mr Scott McArthur
Director

 

Toponym Land Ltd

Notes to the Unaudited Financial Statements for the Period from 13 February 2023 to 31 March 2024

1

General information

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

The address of its registered office is:
Saxon House 27 Duke Street
Chelmsford
Essex
CM1 1HT

These financial statements were authorised for issue by the Board on 11 November 2024.

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

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 that as disclosed in the accounting policies certain items are shown at fair value.

Going concern

The financial statements have been prepared on a going concern basis. The director continues to support the business.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

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.

 

Toponym Land Ltd

Notes to the Unaudited Financial Statements for the Period from 13 February 2023 to 31 March 2024

Trade debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.

Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable 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 subsequently measured at amortised cost using the effective interest method.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

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 in the
balance sheet. The corresponding dividends relating to the liability component are charged as interest expense in
the profit and loss account.

 

3

Staff numbers

The average number of persons employed by the company (including directors) during the period, was 2.

4

Debtors

2024
£

Other debtors

43,229

43,229

 

Toponym Land Ltd

Notes to the Unaudited Financial Statements for the Period from 13 February 2023 to 31 March 2024

5

Creditors

Creditors: amounts falling due within one year

2024
£

Due within one year

Trade creditors

1,334

Taxation and social security

10,809

Other creditors

51,048

63,191

6

Share capital

Allotted, called up and fully paid shares

2024

No.

£

Ordinary of £1 each

2

2

   

7

Related party transactions

Transactions with directors

2024

At 13 February 2023
£

Advances to director
£

Repayments by director
£

At 31 March 2024
£

Directors' loan

-

39,957

(7,931)

32,026

         
       

 

Summary of transactions with associates

The company is a member of - EVOLVE LAND & PLANNING LLP (OC446338)
The LLP advanced the company £50,000 in the period.