Company Registration No. 14029613 (England and Wales)
Thurgur Developments Limited
Unaudited accounts
for the year ended 30 April 2024
Thurgur Developments Limited
Unaudited accounts
Contents
Thurgur Developments Limited
Company Information
for the year ended 30 April 2024
Company Number
14029613 (England and Wales)
Registered Office
112-113 HIGH STREET
LINCOLN
LN5 7PY
ENGLAND
Accountants
M D Darby FCPA, CPAA, FIAB, ACCA/Cert:IFR, IFRS, IPSAS, IA
Templar Accounting & Business Support
Services Limited (Incorp: Blake and Co )
112 - 113 High Street,
Lincoln, Lincolnshire
LN5 7PY
Thurgur Developments Limited
Statement of financial position
as at 30 April 2024
Called up share capital not paid
99
99
Investment property
117,500
-
Cash at bank and in hand
1,878
-
Creditors: amounts falling due within one year
(10,171)
1
Net current assets
2,501
1
Total assets less current liabilities
120,100
100
Creditors: amounts falling due after more than one year
(20,000)
-
Called up share capital
100
100
Capital contribution reserve
100,000
-
Shareholders' funds
100,100
100
For the year ending 30 April 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 director acknowledges his 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 and authorised for issue on 20 September 2024 and were signed on its behalf by
Oliver Thurgur
Director
Company Registration No. 14029613
Thurgur Developments Limited
Notes to the Accounts
for the year ended 30 April 2024
Thurgur Developments Limited is a private company, limited by shares, registered in England and Wales, registration number 14029613. The registered office is 112-113 HIGH STREET, LINCOLN, LN5 7PY, 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.
Inventories have been valued at the lower of cost and estimated selling price less costs to complete and sell. In respect of work in progress and finished goods, cost includes a relevant proportion of overheads according to the stage of manufacturing/completion.
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Thurgur Developments Limited
Notes to the Accounts
for the year ended 30 April 2024
Investment property is included at market fair value. Gains are recognised in the income statement. Deferred taxation is provided on these gains at the rate expected to apply when the property is sold.
Land for development 307-309 Newark Road Lincoln
Titles LL381974 & LL414218
Land purchased at market value £117,500
Inventory comprises of Work-in-Progress on site at 307-309 Newark Road
Lincoln
Amounts falling due within one year
7
Creditors: amounts falling due within one year
2024
2023
Taxes and social security
375
-
Loans from directors
4,999
(1)
8
Creditors: amounts falling due after more than one year
2024
2023
Loan from Thurgur Properties Ltd
Interest rate to be determined - dependent on term.
Thurgur Developments Limited
Notes to the Accounts
for the year ended 30 April 2024
Allotted, called up and fully paid:
100 Ordinary shares of £1 each
100
100
10
Capital contribution reserve
The director / shareholder has made a capital contribution to support the company of some £100,000 in its early stages of development. This reserve will not be withdrawn until positive cash flows have been achieved.
11
Average number of employees
During the year the average number of employees was 1 (2023: 1).