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REGISTERED NUMBER: 05452524 (England and Wales)


















FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 APRIL 2024

FOR

TORRINGTON BUSINESS PARK LIMITED

TORRINGTON BUSINESS PARK LIMITED (REGISTERED NUMBER: 05452524)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2024










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


TORRINGTON BUSINESS PARK LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 30 APRIL 2024







DIRECTOR: S P Holt





REGISTERED OFFICE: Unit 2 Templar Business Park
Torrington Avenue
Coventry
West Midlands
CV4 9AP





REGISTERED NUMBER: 05452524 (England and Wales)





ACCOUNTANTS: TGFP
Chartered Accountants
Fulford House
Newbold Terrace
Leamington Spa
Warwickshire
CV32 4EA

TORRINGTON BUSINESS PARK LIMITED (REGISTERED NUMBER: 05452524)

BALANCE SHEET
30 APRIL 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 451,313 462,023

CURRENT ASSETS
Debtors 5 105,703 17,621
Investments 6 5,066 4,603
Cash at bank 86,632 117,875
197,401 140,099
CREDITORS
Amounts falling due within one year 7 43,375 47,287
NET CURRENT ASSETS 154,026 92,812
TOTAL ASSETS LESS CURRENT
LIABILITIES

605,339

554,835

CAPITAL AND RESERVES
Called up and paid share capital 1 1
Retained earnings 605,338 554,834
605,339 554,835

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 April 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 April 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for:
(a)ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

TORRINGTON BUSINESS PARK LIMITED (REGISTERED NUMBER: 05452524)

BALANCE SHEET - continued
30 APRIL 2024


The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the director and authorised for issue on 14 November 2024 and were signed by:





S P Holt - Director


TORRINGTON BUSINESS PARK LIMITED (REGISTERED NUMBER: 05452524)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2024


1. STATUTORY INFORMATION

Torrington Business Park Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

The presentation currency of the financial statements is the Pound Sterling (£).


2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Freehold property - 2% on cost

Financial instruments
Basic financial assets, which include debtors and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Financial assets classified as receivable within one year are not amortised.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

TORRINGTON BUSINESS PARK LIMITED (REGISTERED NUMBER: 05452524)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 APRIL 2024


2. ACCOUNTING POLICIES - continued

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2023 - 1 ) .

4. TANGIBLE FIXED ASSETS
Freehold Short
property leasehold Totals
£    £    £   
COST
At 1 May 2023
and 30 April 2024 536,993 187,500 724,493
DEPRECIATION
At 1 May 2023 74,970 187,500 262,470
Charge for year 10,710 - 10,710
At 30 April 2024 85,680 187,500 273,180
NET BOOK VALUE
At 30 April 2024 451,313 - 451,313
At 30 April 2023 462,023 - 462,023

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors - 8,619
Directors' current accounts 95,672 -
VAT 913 -
Deferred tax asset 4,065 3,949
Prepayments and accrued income 5,053 5,053
105,703 17,621

6. CURRENT ASSET INVESTMENTS
2024 2023
£    £   
Listed investments 5,066 4,603

TORRINGTON BUSINESS PARK LIMITED (REGISTERED NUMBER: 05452524)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 APRIL 2024


7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade creditors 11,573 8,159
Tax 27,027 28,638
VAT - 5,617
Other creditors 3,160 3,160
Directors' current accounts - 238
Accruals and deferred income 1,615 1,475
43,375 47,287

8. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

During the year the director operated a loan with the company with no fixed terms of repayment or interest. Amounts advanced during the year were £95,672 (2023 - £nil) and repayments during the year were £nil (2023 - £nil). At the year end the amount owing to the company was £95,672 (2023 - £nil).