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Registered number: 14078112
Turning Point Property Ltd
Unaudited ABRIDGED Financial Statements
For The Year Ended 30 April 2024
FlowX Advisory Ltd
Contents
Page
Abridged Balance Sheet 1—2
Notes to the Abridged Financial Statements 3
Page 1
Abridged Balance Sheet
Registered number: 14078112
2024 2023
Notes £ £ £ £
FIXED ASSETS
Investment Properties 4 68,446 75,946
68,446 75,946
CURRENT ASSETS
Debtors 5,761 8,443
Cash at bank and in hand 1,640 3,093
7,401 11,536
Creditors: Amounts Falling Due Within One Year (81,642 ) (88,202 )
NET CURRENT ASSETS (LIABILITIES) (74,241 ) (76,666 )
TOTAL ASSETS LESS CURRENT LIABILITIES (5,795 ) (720 )
NET LIABILITIES (5,795 ) (720 )
CAPITAL AND RESERVES
Called up share capital 5 2 2
Profit and Loss Account (5,797 ) (722 )
SHAREHOLDERS' FUNDS (5,795) (720)
Page 1
Page 2
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 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.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
All of the company's members have consented to the preparation of an Abridged Profit and Loss Account and an Abridged Balance Sheet for the year end 30 April 2024 in accordance with section 444(2A) of the Companies Act 2006.
On behalf of the board
Miss Katherine Edwardson
Director
Mr Simon Edwardson
Director
14/11/2024
The notes on page 3 form part of these financial statements.
Page 2
Page 3
Notes to the Abridged Financial Statements
1. General Information
Turning Point Property Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 14078112 . The registered office is 20-22 Wenlock Road, London, N1 7GU.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
2.2. Investment Properties
All investment properties are carried at fair value determined annually and derived from the current market rents and investment property yields for comparable real estate, adjusted if necessary for any difference in the nature, location or condition of the specific asset. No depreciation is provided for. Changes in fair value are recognised in the profit and loss account.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 2 (2023: 2)
2 2
4. Investment Property
2024
£
Fair Value
As at 1 May 2023 75,946
Fair value adjustments (7,500 )
As at 30 April 2024 68,446
5. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 2 2
Page 3