Silverfin false false 30/04/2024 01/05/2023 30/04/2024 Mr Colin Bury 22/04/2022 Mrs Charlotte Mortimer 22/04/2022 Mr Jonathan Parkinson 22/04/2022 Mrs Christine Smith 22/04/2022 24 January 2025 The principal activity of the company is that of a real estate agency. 14063314 2024-04-30 14063314 bus:Director1 2024-04-30 14063314 bus:Director2 2024-04-30 14063314 bus:Director3 2024-04-30 14063314 bus:Director4 2024-04-30 14063314 2023-04-30 14063314 core:CurrentFinancialInstruments 2024-04-30 14063314 core:CurrentFinancialInstruments 2023-04-30 14063314 core:ShareCapital 2024-04-30 14063314 core:ShareCapital 2023-04-30 14063314 core:RetainedEarningsAccumulatedLosses 2024-04-30 14063314 core:RetainedEarningsAccumulatedLosses 2023-04-30 14063314 core:Goodwill 2023-04-30 14063314 core:Goodwill 2024-04-30 14063314 core:RemainingRelatedParties core:CurrentFinancialInstruments 2024-04-30 14063314 core:RemainingRelatedParties core:CurrentFinancialInstruments 2023-04-30 14063314 2023-05-01 2024-04-30 14063314 bus:FilletedAccounts 2023-05-01 2024-04-30 14063314 bus:SmallEntities 2023-05-01 2024-04-30 14063314 bus:AuditExemptWithAccountantsReport 2023-05-01 2024-04-30 14063314 bus:PrivateLimitedCompanyLtd 2023-05-01 2024-04-30 14063314 bus:Director1 2023-05-01 2024-04-30 14063314 bus:Director2 2023-05-01 2024-04-30 14063314 bus:Director3 2023-05-01 2024-04-30 14063314 bus:Director4 2023-05-01 2024-04-30 14063314 core:Goodwill core:TopRangeValue 2023-05-01 2024-04-30 14063314 core:Goodwill 2023-05-01 2024-04-30 14063314 2022-05-01 2023-04-30 iso4217:GBP xbrli:pure

Company No: 14063314 (England and Wales)

TAYLFORTHS RESIDENTIAL LIMITED

UNAUDITED FINANCIAL STATEMENTS
FOR THE FINANCIAL YEAR ENDED 30 APRIL 2024
PAGES FOR FILING WITH THE REGISTRAR

TAYLFORTHS RESIDENTIAL LIMITED

UNAUDITED FINANCIAL STATEMENTS

FOR THE FINANCIAL YEAR ENDED 30 APRIL 2024

Contents

TAYLFORTHS RESIDENTIAL LIMITED

COMPANY INFORMATION

FOR THE FINANCIAL YEAR ENDED 30 APRIL 2024
TAYLFORTHS RESIDENTIAL LIMITED

COMPANY INFORMATION (continued)

FOR THE FINANCIAL YEAR ENDED 30 APRIL 2024
DIRECTORS Mr Colin Bury
Mrs Charlotte Mortimer
Mr Jonathan Parkinson
Mrs Christine Smith
REGISTERED OFFICE 37a Church Street
Barnoldswick
BB18 5UR
United Kingdom
COMPANY NUMBER 14063314 (England and Wales)
CHARTERED ACCOUNTANTS PM+M Solutions for Business LLP
New Century House
Greenbank Technology Park
Challenge Way
Blackburn
BB1 5QB
TAYLFORTHS RESIDENTIAL LIMITED

BALANCE SHEET

AS AT 30 APRIL 2024
TAYLFORTHS RESIDENTIAL LIMITED

BALANCE SHEET (continued)

AS AT 30 APRIL 2024
Note 2024 2023
£ £
Restated - note 2
Fixed assets
Intangible assets 4 13,553 15,196
13,553 15,196
Current assets
Debtors 5 15,600 10,803
15,600 10,803
Creditors: amounts falling due within one year 6 ( 8,490) ( 27,056)
Net current assets/(liabilities) 7,110 (16,253)
Total assets less current liabilities 20,663 (1,057)
Net assets/(liabilities) 20,663 ( 1,057)
Capital and reserves
Called-up share capital 200 200
Profit and loss account 20,463 ( 1,257 )
Total shareholders' funds/(deficit) 20,663 ( 1,057)

For the financial 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.

Directors' responsibilities:

These financial statements have been prepared in accordance with the provisions of FRS 102 Section 1A – small entities. The financial statements of Taylforths Residential Limited (registered number: 14063314) were approved and authorised for issue by the Board of Directors on 24 January 2025. They were signed on its behalf by:

Mr Jonathan Parkinson
Director
TAYLFORTHS RESIDENTIAL LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE FINANCIAL YEAR ENDED 30 APRIL 2024
TAYLFORTHS RESIDENTIAL LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE FINANCIAL YEAR ENDED 30 APRIL 2024
1. Accounting policies

The principal accounting policies are summarised below. They have all been applied consistently throughout the financial year and to the preceding financial year, unless otherwise stated.

General information and basis of accounting

Taylforths Residential Limited (the Company) is a private company, limited by shares, incorporated in the United Kingdom under the Companies Act 2006 and is registered in England and Wales. The address of the Company's registered office is 37a Church Street, Barnoldswick, BB18 5UR, United Kingdom.

The financial statements have been prepared under the historical cost convention, modified to include certain items at fair value, and in accordance with Section 1A of Financial Reporting Standard 102 (FRS 102) ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland’ issued by the Financial Reporting Council and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.

The financial statements are presented in pounds sterling which is the functional currency of the Company and rounded to the nearest £.

Prior year adjustment

During the current financial year, it was identified that Goodwill was not recognised in the prior year’s financial statements. This oversight has been corrected by restating the comparative figures.

Turnover

Turnover is recognised at the fair value of the consideration received or receivable for goods and services provided in the normal course of business, and is shown net of VAT and other sales related taxes. The fair value of consideration takes into account trade discounts, settlement discounts and volume rebates.

Turnover is recognised when the significant risks and rewards are considered to have been transferred to the customer.

Taxation

Current tax
Current tax is provided at amounts expected to be paid (or recoverable) using the tax rates and laws that have been enacted or substantively enacted at the Balance Sheet date.

Deferred tax
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the Company's financial statements. Deferred tax is provided in full on timing differences which result in an obligation to pay more or less tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws. Deferred tax assets and liabilities are not discounted.

The carrying amount of deferred tax assets are reviewed at each reporting date and a valuation allowance is set up against deferred tax assets so that the net carrying amount equals the highest amount that is more likely than not to be recovered based on current or future taxable profit.

Intangible assets

Intangible assets are stated at cost or valuation, net of amortisation and any provision for impairment. Amortisation is provided on all intangible assets at rates to write off the cost or valuation of each asset over its expected useful life as follows:

Goodwill 10 years straight line
Goodwill

Goodwill arises on business combination and represents any excess of consideration given over the fair value of the identifiable assets and liabilities acquired. Goodwill is initially recognised as an intangible asset at cost and is subsequently measured at cost less accumulated amortisation and accumulated impairment losses. Goodwill is amortised on a straight line basis over its useful economic life, which is 10 years.

Impairment of assets

Assets, other than those measured at fair value, are assessed for indicators of impairment at each Balance Sheet date. If there is objective evidence of impairment, an impairment loss is recognised in the Statement of Income and Retained Earnings as described below.

2. Prior year adjustment

The financial statements for the prior year have been restated to reflect the introduction of goodwill. The impact of this restatement on the financial statements is as follows:

As previously reported Adjustment As restated
Year ended 30 April 2023 £ £ £
Cost of goodwill 0 16,428 16,428
Amortisation of goodwill 0 (1,232) (1,232)
Debtors 27,231 436 27,667
Creditors: amounts falling due within one year (27,056) (16,864) (43,920)
Profit and loss account (25) (1,232) (1,257)

3. Employees

2024 2023
Number Number
Monthly average number of persons employed by the Company during the year, including directors 7 4

4. Intangible assets

Goodwill Total
£ £
Cost
At 01 May 2023 16,428 16,428
At 30 April 2024 16,428 16,428
Accumulated amortisation
At 01 May 2023 1,232 1,232
Charge for the financial year 1,643 1,643
At 30 April 2024 2,875 2,875
Net book value
At 30 April 2024 13,553 13,553
At 30 April 2023 15,196 15,196

5. Debtors

2024 2023
£ £
Amounts owed by related parties 14,964 0
Other debtors 636 10,803
15,600 10,803

6. Creditors: amounts falling due within one year

2024 2023
£ £
Taxation and social security 7,135 34
Other creditors 1,355 27,022
8,490 27,056

7. Related party transactions

Other related party transactions

2024 2023
£ £
Duckworths Estate Agents Limited 14,964 0

At the balance sheet date, amounts owed by Duckworths Estate Agents Limited totaled £14,964 (2023: £nil). This balance is payable on demand.