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REGISTERED NUMBER: 02438250 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 APRIL 2024

FOR

TOLWALL LIMITED

TOLWALL LIMITED (REGISTERED NUMBER: 02438250)






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


TOLWALL LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 30 APRIL 2024







DIRECTORS: Mr K C Vere Nicoll
Mrs V G Vere Nicoll
Mrs. S J Biddle





SECRETARY: Mrs V G Vere Nicoll





REGISTERED OFFICE: Boyce's Building
40-42 Regent Street
Clifton
Bristol
BS8 4HU





REGISTERED NUMBER: 02438250 (England and Wales)





ACCOUNTANTS: Lawes & Co
Boyce's Building
40-42 Regent Street
Clifton
Bristol
BS8 4HU

TOLWALL LIMITED (REGISTERED NUMBER: 02438250)

BALANCE SHEET
30 APRIL 2024

30.4.24 30.4.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 - 1
Investments 5 1,836,956 1,395,652
1,836,956 1,395,653

CURRENT ASSETS
Debtors 6 10,836 16,942
Cash at bank 962 85,509
11,798 102,451
CREDITORS
Amounts falling due within one year 7 269,023 148,010
NET CURRENT LIABILITIES (257,225 ) (45,559 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,579,731

1,350,094

CAPITAL AND RESERVES
Called up share capital 8 100 100
Retained earnings 1,579,631 1,349,994
SHAREHOLDERS' FUNDS 1,579,731 1,350,094

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 directors acknowledge their 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.

TOLWALL LIMITED (REGISTERED NUMBER: 02438250)

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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 15 January 2025 and were signed on its behalf by:





Mr K C Vere Nicoll - Director


TOLWALL LIMITED (REGISTERED NUMBER: 02438250)

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

1. STATUTORY INFORMATION

Tolwall 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.

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 as modified by the revaluation of certain assets.

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.
Computer equipment - 25% on cost
Equipment - 25% on cost

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, 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.

Fixed asset investments
Fixed asset investments are valued at fair value.

TOLWALL LIMITED (REGISTERED NUMBER: 02438250)

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

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 3 (2023 - 2 ) .

4. TANGIBLE FIXED ASSETS
Computer
equipment Equipment Totals
£    £    £   
COST
At 1 May 2023
and 30 April 2024 1,411 8,400 9,811
DEPRECIATION
At 1 May 2023 1,410 8,400 9,810
Charge for year 1 - 1
At 30 April 2024 1,411 8,400 9,811
NET BOOK VALUE
At 30 April 2024 - - -
At 30 April 2023 1 - 1

5. FIXED ASSET INVESTMENTS
Other
investments
£   
COST OR VALUATION
At 1 May 2023 1,395,652
Additions 393,911
Disposals (1,134 )
Revaluations 48,527
At 30 April 2024 1,836,956
NET BOOK VALUE
At 30 April 2024 1,836,956
At 30 April 2023 1,395,652

TOLWALL LIMITED (REGISTERED NUMBER: 02438250)

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

5. FIXED ASSET INVESTMENTS - continued

Cost or valuation at 30 April 2024 is represented by:

Other
investments
£   
Valuation in 2021 1,083,500
Valuation in 2022 (324,921 )
Valuation in 2023 (111,218 )
Valuation in 2024 48,527
Cost 1,141,068
1,836,956

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.4.24 30.4.23
£    £   
Trade debtors 10,200 10,200
VAT 636 6,742
10,836 16,942

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.4.24 30.4.23
£    £   
Bank loans and overdrafts - 1
Trade creditors - 3,600
Directors' current accounts 267,123 142,509
Accrued expenses 1,900 1,900
269,023 148,010

8. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 30.4.24 30.4.23
value: £    £   
30 Ordinary A £1 20 20
25 Ordinary B £1 20 20
45 Ordinary C £1 60 60
100 100

TOLWALL LIMITED (REGISTERED NUMBER: 02438250)

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

9. RELATED PARTY DISCLOSURES

During the year, the company invoiced £2,000 (2023 £2,000) for services provided to Heath End Farm, a partnership in which K C Vere Nicoll and Mrs V G Vere Nicoll were partners. The company was also invoiced £Nil (2023: £3,000) for storage costs.

The company maintains an interest free loan accounts with the directors. At the year end the company owed the directors £267,122 (2023: £142,509).

10. ULTIMATE CONTROLLING PARTY

K C Vere-Nicoll is the ultimate controlling party.