Caseware UK (AP4) 2023.0.135 2023.0.135 2023-11-302023-11-301false2022-11-230No description of principal activityfalsetrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.false 14501699 2022-11-22 14501699 2022-11-23 2023-11-30 14501699 2021-11-23 2022-11-22 14501699 2023-11-30 14501699 c:Director1 2022-11-23 2023-11-30 14501699 d:CurrentFinancialInstruments 2023-11-30 14501699 d:Non-currentFinancialInstruments 2023-11-30 14501699 d:CurrentFinancialInstruments d:WithinOneYear 2023-11-30 14501699 d:Non-currentFinancialInstruments d:AfterOneYear 2023-11-30 14501699 d:Non-currentFinancialInstruments d:BetweenOneTwoYears 2023-11-30 14501699 d:ShareCapital 2022-11-23 2023-11-30 14501699 d:ShareCapital 2023-11-30 14501699 d:RetainedEarningsAccumulatedLosses 2022-11-23 2023-11-30 14501699 d:RetainedEarningsAccumulatedLosses 2023-11-30 14501699 d:TaxLossesCarry-forwardsDeferredTax 2023-11-30 14501699 c:FRS102 2022-11-23 2023-11-30 14501699 c:AuditExempt-NoAccountantsReport 2022-11-23 2023-11-30 14501699 c:FullAccounts 2022-11-23 2023-11-30 14501699 c:PrivateLimitedCompanyLtd 2022-11-23 2023-11-30 14501699 2 2022-11-23 2023-11-30 14501699 e:PoundSterling 2022-11-23 2023-11-30 iso4217:GBP xbrli:pure

Registered number: 14501699










TH TOWCESTER GRANGE LIMITED








UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE PERIOD ENDED 30 NOVEMBER 2023

 
TH TOWCESTER GRANGE LIMITED
REGISTERED NUMBER: 14501699

STATEMENT OF FINANCIAL POSITION
AS AT 30 NOVEMBER 2023

2023
Note
£

  

Current assets
  

Stocks
  
4,506,112

Debtors: amounts falling due within one year
 5 
321,900

  
4,828,012

Creditors: amounts falling due within one year
 6 
(2,853,385)

Total assets less current liabilities
  
 
 
1,974,627

Creditors: amounts falling due after more than one year
 7 
(2,520,610)

  

Net (liabilities)/assets
  
(545,983)


Capital and reserves
  

Called up share capital 
  
75

Profit and loss account
  
(546,058)

  
(545,983)


The directors consider that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the period in question in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The Company's financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

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

The Company has opted not to file the statement of income and retained earnings in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf by: 






D Vercoe
Director

Page 1

 
TH TOWCESTER GRANGE LIMITED
REGISTERED NUMBER: 14501699
    
STATEMENT OF FINANCIAL POSITION (CONTINUED)
AS AT 30 NOVEMBER 2023

Date: 26 November 2024

The notes on pages 4 to 8 form part of these financial statements.

Page 2

 
TH TOWCESTER GRANGE LIMITED
 

STATEMENT OF CHANGES IN EQUITY
FOR THE PERIOD ENDED 30 NOVEMBER 2023


Called up share capital
Profit and loss account
Total equity

£
£
£


Comprehensive income for the period

Loss for the period

-
(546,058)
(546,058)


Other comprehensive income for the period
-
-
-


Total comprehensive income for the period
-
(546,058)
(546,058)


Contributions by and distributions to owners

Shares issued during the period
75
-
75


Total transactions with owners
75
-
75


At 30 November 2023
75
(546,058)
(545,983)

The notes on pages 4 to 8 form part of these financial statements.

Page 3

 
TH TOWCESTER GRANGE LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 30 NOVEMBER 2023

1.


General information

TH Towcester Grange Limited (14501699) is a private company limited by shares. It is incorporated in England & Wales. The registered office is Unit 3a, Grants Hill Way, Woodford Halse, Northamptonshire, NN11 3UB.

2.Accounting policies

 
2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006.

The following principal accounting policies have been applied:

 
2.2

Interest income

Interest income is recognised in profit or loss using the effective interest method.

 
2.3

Finance costs

Finance costs are charged to profit or loss over the term of the debt using the effective interest method so that the amount charged is at a constant rate on the carrying amount. Issue costs are initially recognised as a reduction in the proceeds of the associated capital instrument.

 
2.4

Borrowing costs

All borrowing costs are recognised in profit or loss in the period in which they are incurred.

Page 4

 
TH TOWCESTER GRANGE LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 30 NOVEMBER 2023

2.Accounting policies (continued)

 
2.5

Current and deferred taxation

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

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 income.

Deferred tax balances are recognised in respect of all timing differences that have originated but not reversed by the reporting date, except that:
The recognition of deferred tax assets is limited to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits; and
Any deferred tax balances are reversed if and when all conditions for retaining associated tax allowances have been met.

Deferred tax balances are not recognised in respect of permanent differences except in respect of business combinations, when deferred tax is recognised on the differences between the fair values of assets acquired and the future tax deductions available for them and the differences between the fair values of liabilities acquired and the amount that will be assessed for tax. Deferred tax is determined using tax rates and laws that have been enacted or substantively enacted by the reporting date.

 
2.6

Stocks

Stocks are stated at the lower of cost and net realisable value, being the estimated selling price less costs to complete and sell. Cost is based on the cost of purchase on a first in, first out basis. Work in progress and finished goods include labour and attributable overheads.

At each reporting date, stocks are assessed for impairment. If stock is impaired, the carrying amount is reduced to its selling price less costs to complete and sell. The impairment loss is recognised immediately in profit or loss.

 
2.7

Debtors

Short-term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

 
2.8

Creditors

Short-term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

Page 5

 
TH TOWCESTER GRANGE LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 30 NOVEMBER 2023

2.Accounting policies (continued)

 
2.9

Provisions for liabilities

Provisions are recognised when an event has taken place that gives rise to a legal or constructive obligation, a transfer of economic benefits is probable and a reliable estimate can be made.
Provisions are measured as the best estimate of the amount required to settle the obligation, taking into account the related risks and uncertainties.
 
Increases in provisions are generally charged as an expense to profit or loss.


3.


Employees




The average monthly number of employees, including the directors, during the period was as follows:


        2023
            No.






Employees
1


4.


Stocks

2023
£

Work in progress
4,506,112

4,506,112



5.


Debtors

2023
£


Amounts owed by associated undertakings
102,247

Other debtors
37,634

Deferred taxation
182,019

321,900


Page 6

 
TH TOWCESTER GRANGE LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 30 NOVEMBER 2023

6.


Creditors: Amounts falling due within one year

2023
£

Amounts owed to other participating interests
2,851,885

Accruals and deferred income
1,500

2,853,385



7.


Creditors: Amounts falling due after more than one year

2023
£

Bank loans
2,520,610

2,520,610


The following liabilities were secured:

2023
£



Bank loan
2,520,610

Amounts due to participating interests
2,656,831

5,177,441

Details of security provided:

Falco Capital Limited, a minority shareholder, has provided a loan to faciliate the completion of the development.  The balance is included within amounts owed to participating interests.  There is a fixed charge over the land known as cell H9 at Watling Street, Towcester.
United Trust Bank has provided a loan to the company and has registered a legal charge over the land known as cell H9 at Watling Street, Towcester.

Page 7

 
TH TOWCESTER GRANGE LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 30 NOVEMBER 2023

8.


Loans


Analysis of the maturity of loans is given below:


2023
£


Amounts falling due 1-2 years

Bank loans
2,520,610


2,520,610



2,520,610



9.


Deferred taxation



2023


£






Charged to profit or loss
182,019



At end of year
182,019

The deferred tax asset is made up as follows:

2023
£


Tax losses carried forward
182,019

182,019


10.


Controlling party

Talbot Homes Limited is the ultimate controlling party.

 
Page 8