Registered number
06203395
Torgate Limited
Filleted Accounts
30 April 2024
Torgate Limited
Registered number: 06203395
Balance Sheet
as at 30 April 2024
Notes 2024 2023
£ £
Fixed assets
Investments 3 - 50
Current assets
Debtors 4 80,286 80,394
Creditors: amounts falling due within one year 5 (1,034) (2,011)
Net current assets 79,252 78,383
Net assets 79,252 78,433
Capital and reserves
Called up share capital 100 100
Profit and loss account 79,152 78,333
Shareholder's funds 79,252 78,433
The director is satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The member has not required the company to obtain an audit in accordance with section 476 of the Act.
The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
M Freeman
Director
Approved by the board on 6 January 2025
Torgate Limited
Notes to the Accounts
for the year ended 30 April 2024
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Investments
Investments in subsidiaries, associates and joint ventures are measured at cost less any accumulated impairment losses. Listed investments are measured at fair value. Unlisted investments are measured at fair value unless the value cannot be measured reliably, in which case they are measured at cost less any accumulated impairment losses. Changes in fair value are included in the profit and loss account.
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
2 Employees 2024 2023
Number Number
Average number of persons employed by the company 1 1
3 Investments
Other
investments
£
Cost
At 1 May 2023 50
Disposals (50)
At 30 April 2024 -
The company held 50% of the equity share capital of Birdam Ltd, a company registered in England. This company has now been struck off and therefore the investment has been written down to nil.
4 Debtors 2024 2023
£ £
Amounts owed by group undertakings and undertakings in which the company has a participating interest 80,286 80,394
5 Creditors: amounts falling due within one year 2024 2023
£ £
Amounts owed to group undertakings and undertakings in which the company has a participating interest - 1,410
Other creditors 1,034 601
1,034 2,011
6 Related party transactions
At the year end the company was owed £80,286 (2023: £80,394) by Ridgemount Ltd, a company registered in England with common directors and shareholders.
7 Other information
Torgate Limited is a private company limited by shares and incorporated in England. Its registered office is:
c/o Cowen Suite, Kinetic Centre
Theobald Street
Borehamwood
Herts.
WD6 4PJ
Torgate Limited 06203395 false 2023-05-01 2024-04-30 2024-04-30 VT Final Accounts July 2024 M Freeman No description of principal activity 06203395 2022-05-01 2023-04-30 06203395 core:WithinOneYear 2023-04-30 06203395 core:ShareCapital 2023-04-30 06203395 core:RetainedEarningsAccumulatedLosses 2023-04-30 06203395 2023-05-01 2024-04-30 06203395 bus:PrivateLimitedCompanyLtd 2023-05-01 2024-04-30 06203395 bus:AuditExempt-NoAccountantsReport 2023-05-01 2024-04-30 06203395 bus:Director40 2023-05-01 2024-04-30 06203395 1 2023-05-01 2024-04-30 06203395 2 2023-05-01 2024-04-30 06203395 countries:England 2023-05-01 2024-04-30 06203395 bus:FRS102 2023-05-01 2024-04-30 06203395 bus:FilletedAccounts 2023-05-01 2024-04-30 06203395 2024-04-30 06203395 core:WithinOneYear 2024-04-30 06203395 core:ShareCapital 2024-04-30 06203395 core:RetainedEarningsAccumulatedLosses 2024-04-30 06203395 core:DisposalsRepaymentsInvestments 2024-04-30 06203395 2023-04-30 iso4217:GBP xbrli:pure