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REGISTERED NUMBER: 08523187 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 May 2024

for

Turn Partners Limited

Turn Partners Limited (Registered number: 08523187)






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




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


Turn Partners Limited

Company Information
for the Year Ended 31 May 2024







DIRECTOR: Dr M K Bandar





REGISTERED OFFICE: 219 Common Road
Kensworth
Dunstable
Bedfordshire
LU6 2PW





REGISTERED NUMBER: 08523187 (England and Wales)





ACCOUNTANTS: Portfolio Accountants Ltd
9 Shottery Brook Office Park
Timothys Bridge Road
Stratford-Upon-Avon
CV37 9NR

Turn Partners Limited (Registered number: 08523187)

Balance Sheet
31 May 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 - 108
Investments 5 13 13
13 121

CURRENT ASSETS
Debtors 6 797,469 570,434
Cash at bank 2,023 3,225
799,492 573,659
CREDITORS
Amounts falling due within one year 7 266,264 152,339
NET CURRENT ASSETS 533,228 421,320
TOTAL ASSETS LESS CURRENT
LIABILITIES

533,241

421,441

CREDITORS
Amounts falling due after more than one
year

8

383,693

293,784
NET ASSETS 149,548 127,657

CAPITAL AND RESERVES
Called up share capital 9 2 2
Retained earnings 149,546 127,655
SHAREHOLDERS' FUNDS 149,548 127,657

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 May 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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.

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 director and authorised for issue on 25 February 2025 and were signed by:





Dr M K Bandar - Director


Turn Partners Limited (Registered number: 08523187)

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

1. STATUTORY INFORMATION

Turn Partners Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

The presentation currency of the financial statements is the Pound Sterling (£).


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.

Going Concern
The financial statements have been prepared on a going concern basis.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery etc - 20% on cost

Investments in subsidiaries
Investments in subsidiary 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.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2023 - 2 ) .

Turn Partners Limited (Registered number: 08523187)

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

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 June 2023
and 31 May 2024 1,621
DEPRECIATION
At 1 June 2023 1,513
Charge for year 108
At 31 May 2024 1,621
NET BOOK VALUE
At 31 May 2024 -
At 31 May 2023 108

5. FIXED ASSET INVESTMENTS
Shares in
group
undertakings
£   
COST
At 1 June 2023
and 31 May 2024 13
NET BOOK VALUE
At 31 May 2024 13
At 31 May 2023 13

6. DEBTORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2024 2023
£    £   
Amounts owed by group undertakings 797,469 570,434

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade creditors - 76
Taxation and social security 2,781 2,780
Other creditors 263,483 149,483
266,264 152,339

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2024 2023
£    £   
Amounts owed to group undertakings 383,693 293,784

9. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
2 Ordinary 1 2 2

Turn Partners Limited (Registered number: 08523187)

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

10. ULTIMATE CONTROLLING PARTY

The ultimate controlling party is Mr M K Bandar.