Company Registration No. 13185122 (England and Wales)
TURNSTONE RESIDENTIAL LTD
Unaudited accounts
for the year ended 29 February 2024
TURNSTONE RESIDENTIAL LTD
Unaudited accounts
Contents
TURNSTONE RESIDENTIAL LTD
Company Information
for the year ended 29 February 2024
Directors
Chukwuemeka Madumere
Henry Buckley
Company Number
13185122 (England and Wales)
Registered Office
6 SPINNEY
SLOUGH
SL1 2YG
ENGLAND
Accountants
AB Accountancy
26 Chester Street
Wrexham
LL13 8BG
TURNSTONE RESIDENTIAL LTD
Statement of financial position
as at 29 February 2024
Tangible assets
1,246,813
419,467
Cash at bank and in hand
36,269
3,499
Creditors: amounts falling due within one year
(588,548)
(278,665)
Net current liabilities
(552,279)
(275,166)
Total assets less current liabilities
694,534
144,301
Creditors: amounts falling due after more than one year
(911,174)
(358,979)
Net liabilities
(216,640)
(214,678)
Called up share capital
2
2
Profit and loss account
(216,642)
(214,680)
Shareholders' funds
(216,640)
(214,678)
For the 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. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 26 November 2024 and were signed on its behalf by
Chukwuemeka Madumere
Director
Company Registration No. 13185122
TURNSTONE RESIDENTIAL LTD
Notes to the Accounts
for the year ended 29 February 2024
TURNSTONE RESIDENTIAL LTD is a private company, limited by shares, registered in England and Wales, registration number 13185122. The registered office is 6 SPINNEY, SLOUGH, SL1 2YG, ENGLAND.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Land & buildings
Buildings Reviewed annually
4
Tangible fixed assets
Land & buildings
At 29 February 2024
1,246,813
At 29 February 2024
1,246,813
At 28 February 2023
419,467
5
Creditors: amounts falling due within one year
2024
2023
Trade creditors
11,123
11,125
Loans from directors
577,425
267,540
TURNSTONE RESIDENTIAL LTD
Notes to the Accounts
for the year ended 29 February 2024
6
Creditors: amounts falling due after more than one year
2024
2023
Bank loans
911,174
358,979
7
Average number of employees
During the year the average number of employees was 0 (2023: 0).