Pierre Tormo Construction Limited 8880536 false 2023-03-01 2024-02-29 2024-02-29 The principal activity of the company is building stages. The company ceased trading on 29 February 2024. Digita Accounts Production Advanced 6.30.9574.0 true 8880536 2023-03-01 2024-02-29 8880536 2024-02-29 8880536 core:CurrentFinancialInstruments 2024-02-29 8880536 core:CurrentFinancialInstruments core:WithinOneYear 2024-02-29 8880536 core:FurnitureFittingsToolsEquipment 2024-02-29 8880536 bus:SmallEntities 2023-03-01 2024-02-29 8880536 bus:AuditExemptWithAccountantsReport 2023-03-01 2024-02-29 8880536 bus:FilletedAccounts 2023-03-01 2024-02-29 8880536 bus:SmallCompaniesRegimeForAccounts 2023-03-01 2024-02-29 8880536 bus:RegisteredOffice 2023-03-01 2024-02-29 8880536 bus:Director1 2023-03-01 2024-02-29 8880536 bus:PrivateLimitedCompanyLtd 2023-03-01 2024-02-29 8880536 core:FurnitureFittingsToolsEquipment 2023-03-01 2024-02-29 8880536 core:OfficeEquipment 2023-03-01 2024-02-29 8880536 core:ToolsEquipment 2023-03-01 2024-02-29 8880536 countries:EnglandWales 2023-03-01 2024-02-29 8880536 2023-02-28 8880536 core:FurnitureFittingsToolsEquipment 2023-02-28 8880536 2022-03-01 2023-02-28 8880536 2023-02-28 8880536 core:CurrentFinancialInstruments 2023-02-28 8880536 core:CurrentFinancialInstruments core:WithinOneYear 2023-02-28 8880536 core:FurnitureFittingsToolsEquipment 2023-02-28 iso4217:GBP xbrli:pure

Registration number: 8880536

Pierre Tormo Construction Limited

Unaudited Filleted Financial Statements

for the Year Ended 29 February 2024

 

Pierre Tormo Construction Limited

Contents

Company Information

1

Balance Sheet

2

Notes to the Unaudited Financial Statements

3 to 5

 

Pierre Tormo Construction Limited

Company Information

Director

Mr P Tormo

Registered office

3rd Floor
Lawford House
Albert Place
London
N3 1QA

Accountants

Sterlings Ltd
Chartered Accountants
Lawford House
Albert Place
London
N3 1QA

 

Pierre Tormo Construction Limited

(Registration number: 8880536)
Balance Sheet as at 29 February 2024

Note

2024
£

2023
£

Fixed assets

 

Tangible assets

4

-

1,335

Current assets

 

Debtors

5

2,026

2,033

Cash at bank and in hand

 

2,249

3,862

 

4,275

5,895

Creditors: Amounts falling due within one year

6

(1,200)

(1,506)

Net current assets

 

3,075

4,389

Total assets less current liabilities

 

3,075

5,724

Provisions for liabilities

-

(254)

Net assets

 

3,075

5,470

Capital and reserves

 

Called up share capital

1

1

Profit and loss account

3,074

5,469

Shareholders' funds

 

3,075

5,470

For the financial year ending 29 February 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. As permitted by section 444 (5A) of the Companies Act 2006, the director has not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the director on 22 November 2024
 

.........................................
Mr P Tormo
Director

 

Pierre Tormo Construction Limited

Notes to the Unaudited Financial Statements for the Year Ended 29 February 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:
3rd Floor
Lawford House
Albert Place
London
N3 1QA

These financial statements were authorised for issue by the director on 22 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.

Revenue recognition

Turnover represents net invoiced sales of services, excluding value added tax.

Tax

The tax expense for the period comprises deferred tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

Deferred tax is recognised in respect of all timing differences between taxable profits and profits reported in the financial statements.

Unrelieved tax losses and other deferred tax assets are recognised when 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 and that are expected to apply to the reversal of the timing difference.

 

Pierre Tormo Construction Limited

Notes to the Unaudited Financial Statements for the Year Ended 29 February 2024

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class

Depreciation method and rate

Plant and machinery

25% on reducing balance

Computer equipment

25% on reducing balance

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.

Financial instruments

Classification
The company only enters into basic financial instruments that result in the recognition of financial assets or liabilities like trade debtors, other debtors, trade creditors and other creditors, loans from banks or other third parties and loans to/from related parties.


 Recognition and measurement
Debt instruments like bank loans are initially measured at present value of future payments and subsequently at amortised cost using the effective interest method. Debt instruments which are payable or receivable within one year such as trade debtors or trade creditors are measured, initially and subsequently at the undiscounted amount of the cash or other consideration expected to be paid or received.


 Impairment
Financial assets that are measured at cost and amortised cost are assessed at the end of each reporting period for objective evidence of impairment. If objective evidence of impairment is found, an impairment loss is recognised in the profit & loss account.

3

Staff numbers

The average number of persons employed by the company (including the director) during the year, was 1 (2023 - 1).

 

Pierre Tormo Construction Limited

Notes to the Unaudited Financial Statements for the Year Ended 29 February 2024

4

Tangible assets

Furniture, fittings and equipment
 £

Total
£

Cost or valuation

At 1 March 2023

5,307

5,307

Disposals

(5,307)

(5,307)

At 29 February 2024

-

-

Depreciation

At 1 March 2023

3,972

3,972

Eliminated on disposal

(3,972)

(3,972)

At 29 February 2024

-

-

Carrying amount

At 29 February 2024

-

-

At 28 February 2023

1,335

1,335

5

Debtors

Current

2024
£

2023
£

Other debtors

2,026

2,033

 

2,026

2,033

6

Creditors

Creditors: amounts falling due within one year

2024
£

2023
£

Due within one year

Trade creditors

-

276

Accruals and deferred income

1,200

1,230

1,200

1,506