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Company Registration No. 13000851 (England and Wales)
TEREYN Limited Unaudited accounts for the year ended 31 March 2024
TEREYN Limited Unaudited accounts Contents
Page
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TEREYN Limited Company Information for the year ended 31 March 2024
Director
Elliot Kent Ewing
Company Number
13000851 (England and Wales)
Registered Office
Future Business Centre Kings Hedges Road Cambridge CB4 2HY UK
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TEREYN Limited Statement of financial position as at 31 March 2024
2024 
2023 
Notes
£ 
£ 
Current assets
Cash at bank and in hand
78 
155 
Creditors: amounts falling due within one year
(1,501)
(1,281)
Net current liabilities
(1,423)
(1,126)
Net liabilities
(1,423)
(1,126)
Capital and reserves
Called up share capital
1 
1 
Profit and loss account
(1,424)
(1,127)
Shareholders' funds
(1,423)
(1,126)
For the 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. 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 19 November 2024 and were signed on its behalf by
Elliot Kent Ewing Director Company Registration No. 13000851
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TEREYN Limited Notes to the Accounts for the year ended 31 March 2024
1
Statutory information
TEREYN Limited is a private company, limited by shares, registered in England and Wales, registration number 13000851. The registered office is Future Business Centre, Kings Hedges Road, Cambridge, CB4 2HY, UK.
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.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Taxation
The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in the income statement, except to the extent that it relates to items recognised in other comprehensive income or directly in capital and reserves. In this case, tax is recognised in other comprehensive income or directly in capital and reserves, respectively. Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date. Deferred tax is recognised in respect of all timing differences at the reporting date. Unrelieved tax losses and other deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date that are expected to apply to the reversal of the timing difference.
Financial instruments
Basic financial instruments are recognised at amortised cost, except for investments in non-convertible preference and non-puttable ordinary shares which are measured at fair value, with changes recognised in profit or loss.
Judgements in applying accounting policies and key sources of estimation uncertainty
The preparation of financial statements in compliance with FRS 102 Section 1A requires the use of certain critical accounting estimates. It also requires management to exercise judgement in applying the company's accounting policies. In preparing these financial statements, the director has not had to make any judgements and there are no other key sources of estimation uncertainty.
4
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
Other creditors
182 
82 
Loans from directors
1,319 
1,199 
1,501 
1,281 
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TEREYN Limited Notes to the Accounts for the year ended 31 March 2024
5
Average number of employees
During the year the average number of employees was 1 (2023: 1).
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