Silverfin false false 05/04/2024 06/04/2023 05/04/2024 P Molyneux 03/05/2019 A Witheford 09/04/2021 19 November 2024 The principal activity of the Company during the financial year was other letting and operating of own or leased real estate. 11977912 2024-04-05 11977912 bus:Director1 2024-04-05 11977912 bus:Director2 2024-04-05 11977912 2023-04-05 11977912 core:CurrentFinancialInstruments 2024-04-05 11977912 core:CurrentFinancialInstruments 2023-04-05 11977912 core:Non-currentFinancialInstruments 2024-04-05 11977912 core:Non-currentFinancialInstruments 2023-04-05 11977912 core:ShareCapital 2024-04-05 11977912 core:ShareCapital 2023-04-05 11977912 core:RetainedEarningsAccumulatedLosses 2024-04-05 11977912 core:RetainedEarningsAccumulatedLosses 2023-04-05 11977912 core:OfficeEquipment 2023-04-05 11977912 core:OfficeEquipment 2024-04-05 11977912 core:RemainingRelatedParties core:CurrentFinancialInstruments 2024-04-05 11977912 core:RemainingRelatedParties core:CurrentFinancialInstruments 2023-04-05 11977912 2023-04-06 2024-04-05 11977912 bus:FilletedAccounts 2023-04-06 2024-04-05 11977912 bus:SmallEntities 2023-04-06 2024-04-05 11977912 bus:AuditExemptWithAccountantsReport 2023-04-06 2024-04-05 11977912 bus:PrivateLimitedCompanyLtd 2023-04-06 2024-04-05 11977912 bus:Director1 2023-04-06 2024-04-05 11977912 bus:Director2 2023-04-06 2024-04-05 11977912 core:OfficeEquipment core:TopRangeValue 2023-04-06 2024-04-05 11977912 2022-04-06 2023-04-05 11977912 core:OfficeEquipment 2023-04-06 2024-04-05 iso4217:GBP xbrli:pure

Company No: 11977912 (England and Wales)

TIMSON CARTER LIMITED

Unaudited Financial Statements
For the financial year ended 05 April 2024
Pages for filing with the registrar

TIMSON CARTER LIMITED

Unaudited Financial Statements

For the financial year ended 05 April 2024

Contents

TIMSON CARTER LIMITED

BALANCE SHEET

As at 05 April 2024
TIMSON CARTER LIMITED

BALANCE SHEET (continued)

As at 05 April 2024
Note 2024 2023
£ £
Fixed assets
Tangible assets 3 172 275
Investment property 4 849,710 438,133
849,882 438,408
Current assets
Debtors 5 0 1,768
Cash at bank and in hand 729 41,858
729 43,626
Creditors: amounts falling due within one year 6 ( 90,185) ( 14,630)
Net current (liabilities)/assets (89,456) 28,996
Total assets less current liabilities 760,426 467,404
Creditors: amounts falling due after more than one year 7 ( 793,825) ( 508,775)
Net liabilities ( 33,399) ( 41,371)
Capital and reserves
Called-up share capital 1 1
Profit and loss account ( 33,400 ) ( 41,372 )
Total shareholders' deficit ( 33,399) ( 41,371)

For the financial year ending 05 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 Timson Carter Limited (registered number: 11977912) were approved and authorised for issue by the Board of Directors on 19 November 2024. They were signed on its behalf by:

A Witheford
Director
TIMSON CARTER LIMITED

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 05 April 2024
TIMSON CARTER LIMITED

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 05 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

Timson Carter 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 39 Haviland Road Ferndown Industrial Estate, Wimborne, Dorset, BH21 7SA, 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 £.

Going concern

The directors have assessed the Balance Sheet and likely future cash flows at the date of approving these financial statements. The directors have a reasonable expectation that the Company has adequate resources to continue in operational existence and to meet its financial obligations as they fall due for at least 12 months from the date of signing these financial statements. Accordingly, they continue to adopt the going concern basis in preparing the financial statements.

Turnover

Turnover is stated net of VAT and trade discounts and is recognised when the significant risks and rewards are considered to have been transferred to the buyer.
Revenue from services is recognised as they are delivered.

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:

Office equipment 3 years straight line

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.

Investment property

Investment property is initially recognised at cost, which includes the purchase cost and any directly attributable expenditure. Subsequently it is measured at fair value at each reporting date with changes in fair value recognised in profit or loss. Deferred taxation is provided on these gains at the rate expected to apply when the property is sold.

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.

Basic financial assets
Basic financial assets receivable within one year, such as trade debtors and bank balances, are measured at transaction price less any impairment.

Basic financial assets receivable within more than one year are measured at amortised cost less any impairment.

Basic financial liabilities
Basic financial liabilities that have no stated interest rate and are payable within one year, such as trade creditors, are measured at transaction price.

Other basic financial liabilities are measured at amortised cost.

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

Office equipment Total
£ £
Cost
At 06 April 2023 309 309
At 05 April 2024 309 309
Accumulated depreciation
At 06 April 2023 34 34
Charge for the financial year 103 103
At 05 April 2024 137 137
Net book value
At 05 April 2024 172 172
At 05 April 2023 275 275

4. Investment property

Investment property
£
Valuation
As at 06 April 2023 438,133
Additions 411,577
As at 05 April 2024 849,710

There has been no valuation of investment property by an independent valuer.

5. Debtors

2024 2023
£ £
Other debtors 0 1,768

6. Creditors: amounts falling due within one year

2024 2023
£ £
Amounts owed to related parties 80,412 412
Other creditors 9,773 14,218
90,185 14,630

7. Creditors: amounts falling due after more than one year

2024 2023
£ £
Bank loans 793,825 508,775