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REGISTERED NUMBER: 12620397 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS

FOR THE PERIOD 1 JUNE 2023 TO 31 DECEMBER 2023

FOR

TOUCHSTONE DEVELOPMENTS & INVESTMENTS
LTD

TOUCHSTONE DEVELOPMENTS & INVESTMENTS
LTD (REGISTERED NUMBER: 12620397)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE PERIOD 1 JUNE 2023 TO 31 DECEMBER 2023










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


TOUCHSTONE DEVELOPMENTS & INVESTMENTS
LTD

COMPANY INFORMATION
FOR THE PERIOD 1 JUNE 2023 TO 31 DECEMBER 2023







DIRECTOR: C Mackell





REGISTERED OFFICE: Windover House
St. Ann Street
Salisbury
Wiltshire
SP1 2DR





REGISTERED NUMBER: 12620397 (England and Wales)





ACCOUNTANTS: Fawcetts LLP
Chartered Accountants
Windover House
St. Ann Street
Salisbury
SP1 2DR

TOUCHSTONE DEVELOPMENTS & INVESTMENTS
LTD (REGISTERED NUMBER: 12620397)

BALANCE SHEET
31 DECEMBER 2023

31/12/23 31/5/23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 24,285 27,146
Investments 5 52 2
24,337 27,148

CURRENT ASSETS
Stocks 790,000 920,910
Debtors 6 238,035 1,038,650
Cash at bank 581,437 98,588
1,609,472 2,058,148
CREDITORS
Amounts falling due within one year 7 437,505 1,016,627
NET CURRENT ASSETS 1,171,967 1,041,521
TOTAL ASSETS LESS CURRENT LIABILITIES 1,196,304 1,068,669

CREDITORS
Amounts falling due after more than one
year

8

10,401

15,601
NET ASSETS 1,185,903 1,053,068

CAPITAL AND RESERVES
Called up share capital 9 1 1
Retained earnings 1,185,902 1,053,067
SHAREHOLDERS' FUNDS 1,185,903 1,053,068

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the period ended 31 December 2023.

The members have not required the company to obtain an audit of its financial statements for the period ended 31 December 2023 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.

TOUCHSTONE DEVELOPMENTS & INVESTMENTS
LTD (REGISTERED NUMBER: 12620397)

BALANCE SHEET - continued
31 DECEMBER 2023


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 29 November 2024 and were signed by:





C Mackell - Director


TOUCHSTONE DEVELOPMENTS & INVESTMENTS
LTD (REGISTERED NUMBER: 12620397)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD 1 JUNE 2023 TO 31 DECEMBER 2023


1. STATUTORY INFORMATION

Touchstone Developments & Investments Ltd 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.

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.

These financial statements have been prepared on a going concern basis and are presented in Sterling (£) which is the functional currency of the company.

The significant accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all years presented unless otherwise stated.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebate and value added tax.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Office equipment - 25% on reducing balance
Motor vehicles - 20% on reducing balance
Computer equipment - 33% on cost

Investments in subsidiaries
Investments in subsidiary undertakings are recognised at cost.

Stocks
Work in progress is valued at the lower of cost and net realisable value.

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition.

Taxation
Taxation for the period 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.


TOUCHSTONE DEVELOPMENTS & INVESTMENTS
LTD (REGISTERED NUMBER: 12620397)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE PERIOD 1 JUNE 2023 TO 31 DECEMBER 2023


2. ACCOUNTING POLICIES - continued
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 period 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.

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.

Debtors
Debtors are measured at their recoverable amount.

Creditors
Creditors and provisions are recognised where the company has a present obligation resulting from a past event that will probably result in the transfer of funds to a third party and the amount due to settle the obligation can be measured or estimated reliably. Creditors and provisions are normally recognised at their settlement amount after allowing for any trade discounts due.

3. EMPLOYEES AND DIRECTORS

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

TOUCHSTONE DEVELOPMENTS & INVESTMENTS
LTD (REGISTERED NUMBER: 12620397)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE PERIOD 1 JUNE 2023 TO 31 DECEMBER 2023


4. TANGIBLE FIXED ASSETS
Plant and Office Motor Computer
machinery equipment vehicles equipment Totals
£    £    £    £    £   
COST
At 1 June 2023 1,142 4,308 26,995 11,014 43,459
Additions - - - 1,249 1,249
Disposals - - - (5,228 ) (5,228 )
At 31 December 2023 1,142 4,308 26,995 7,035 39,480
DEPRECIATION
At 1 June 2023 499 2,122 5,399 8,293 16,313
Charge for period 94 318 2,520 1,178 4,110
Eliminated on disposal - - - (5,228 ) (5,228 )
At 31 December 2023 593 2,440 7,919 4,243 15,195
NET BOOK VALUE
At 31 December 2023 549 1,868 19,076 2,792 24,285
At 31 May 2023 643 2,186 21,596 2,721 27,146

5. FIXED ASSET INVESTMENTS
Shares in
group
undertakings
£   
COST
At 1 June 2023 2
Additions 50
At 31 December 2023 52
NET BOOK VALUE
At 31 December 2023 52
At 31 May 2023 2

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31/12/23 31/5/23
£    £   
Trade debtors 12,316 114
Other debtors 179,153 1,038,536
VAT 46,566 -
238,035 1,038,650

TOUCHSTONE DEVELOPMENTS & INVESTMENTS
LTD (REGISTERED NUMBER: 12620397)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE PERIOD 1 JUNE 2023 TO 31 DECEMBER 2023


7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31/12/23 31/5/23
£    £   
Hire purchase contracts 8,915 8,915
Trade creditors 50,935 5,132
Corporation tax 171,676 126,096
VAT - 2,117
Other creditors 142,849 601,032
Directors' loan accounts - 76,315
Accrued expenses 63,130 197,020
437,505 1,016,627

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
31/12/23 31/5/23
£    £   
Hire purchase contracts 10,401 15,601

9. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31/12/23 31/5/23
value: £    £   
1 Ordinary £1 1 1