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REGISTERED NUMBER: 09403670 (England and Wales)









Unaudited Financial Statements

for the Year Ended 31 January 2024

for

Town Head Estate Limited

Town Head Estate Limited (Registered number: 09403670)






Contents of the Financial Statements
for the Year Ended 31 January 2024




Page

Balance Sheet 1

Notes to the Financial Statements 3


Town Head Estate Limited (Registered number: 09403670)

Balance Sheet
31 January 2024

31.1.24 31.1.23
Notes £    £   
FIXED ASSETS
Tangible assets 4 2,769,120 2,687,172
Investments 5 102 102
2,769,222 2,687,274

CURRENT ASSETS
Debtors 6 2,355,174 2,001,457
Cash at bank and in hand 1,774,360 668,725
4,129,534 2,670,182
CREDITORS
Amounts falling due within one year 7 (701,480 ) (807,212 )
NET CURRENT ASSETS 3,428,054 1,862,970
TOTAL ASSETS LESS CURRENT LIABILITIES 6,197,276 4,550,244

CREDITORS
Amounts falling due after more than one
year

8

(499,455

)

(549,306

)
NET ASSETS 5,697,821 4,000,938

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 5,697,721 4,000,838
5,697,821 4,000,938

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 January 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 January 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.

Town Head Estate Limited (Registered number: 09403670)

Balance Sheet - continued
31 January 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 30 January 2025 and were signed on its behalf by:





Mr D N Cox - Director


Town Head Estate Limited (Registered number: 09403670)

Notes to the Financial Statements
for the Year Ended 31 January 2024

1. STATUTORY INFORMATION

Town Head Estate Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address are as below:

Registered number: 09403670

Registered office: Town Head Estate
Newby Bridge
Ulverston
Cumbria
LA12 8NP

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.

Turnover
Turnover is measured at the fair value of the consideration received or receivable.
When the outcome of a transaction can be estimated reliably, turnover from services is recognised by reference to the stage of completion at the balance sheet date. Stage of completion is measured by reference to finalisation of work completed.

Where the outcome cannot be measured reliably, turnover is recognised only to the extent of the expenses recognised that are recoverable.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Improvements to property - 10% on cost
Plant and machinery - 20% on reducing balance
Fixtures and fittings - 20% on reducing balance
Motor vehicles - 25% on reducing balance

Investments in subsidiaries and associates
Investments in subsidiary and associate undertakings are recognised at 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.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

Town Head Estate Limited (Registered number: 09403670)

Notes to the Financial Statements - continued
for the Year Ended 31 January 2024

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 13 (2023 - 18 ) .

4. TANGIBLE FIXED ASSETS
Improvements
Land and to Plant and
buildings property machinery
£    £    £   
COST
At 1 February 2023 1,075 458,562 1,635,776
Additions - 142,046 100,976
Disposals - - (16,789 )
At 31 January 2024 1,075 600,608 1,719,963
DEPRECIATION
At 1 February 2023 - 67,435 252,052
Charge for year - 54,941 190,136
Eliminated on disposal - - (10,147 )
At 31 January 2024 - 122,376 432,041
NET BOOK VALUE
At 31 January 2024 1,075 478,232 1,287,922
At 31 January 2023 1,075 391,127 1,383,724

Fixtures
and Motor
fittings vehicles Totals
£    £    £   
COST
At 1 February 2023 1,205,612 91,672 3,392,697
Additions 286,687 11,136 540,845
Disposals - - (16,789 )
At 31 January 2024 1,492,299 102,808 3,916,753
DEPRECIATION
At 1 February 2023 369,169 16,869 705,525
Charge for year 187,317 19,861 452,255
Eliminated on disposal - - (10,147 )
At 31 January 2024 556,486 36,730 1,147,633
NET BOOK VALUE
At 31 January 2024 935,813 66,078 2,769,120
At 31 January 2023 836,443 74,803 2,687,172

Town Head Estate Limited (Registered number: 09403670)

Notes to the Financial Statements - continued
for the Year Ended 31 January 2024

5. FIXED ASSET INVESTMENTS
Shares in Interest
group in
undertakings associate Totals
£    £    £   
COST
At 1 February 2023
and 31 January 2024 1 101 102
NET BOOK VALUE
At 31 January 2024 1 101 102
At 31 January 2023 1 101 102

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.1.24 31.1.23
£    £   
Trade debtors 1,155,174 1,301,457
Amounts owed by group undertakings 750,000 300,000
Other debtors 450,000 400,000
2,355,174 2,001,457

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.1.24 31.1.23
£    £   
Bank loans and overdrafts 10,191 9,936
Hire purchase contracts 40,487 40,487
Trade creditors - 61,381
Amounts owed to group undertakings 581,913 81,913
Taxation and social security 38,344 73,676
Other creditors 30,545 539,819
701,480 807,212

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
31.1.24 31.1.23
£    £   
Bank loans 13,925 23,289
Hire purchase contracts 485,530 526,017
499,455 549,306

Amounts falling due in more than five years:

Repayable by instalments
Hire purchase 323,581 364,068