Turner Stone Holdings Limited 10451322 false 2024-01-01 2024-12-31 2024-12-31 The principal activity of the company is that of a holding company. Its subsidiary company is engaged in the importing and selling of marble and granite. Digita Accounts Production Advanced 6.30.9574.0 true false true false 10451322 2024-01-01 2024-12-31 10451322 2024-12-31 10451322 core:CurrentFinancialInstruments core:WithinOneYear 2024-12-31 10451322 core:Non-currentFinancialInstruments core:AfterOneYear 2024-12-31 10451322 bus:SmallEntities 2024-01-01 2024-12-31 10451322 bus:AuditExemptWithAccountantsReport 2024-01-01 2024-12-31 10451322 bus:FullAccounts 2024-01-01 2024-12-31 10451322 bus:SmallCompaniesRegimeForAccounts 2024-01-01 2024-12-31 10451322 bus:RegisteredOffice 2024-01-01 2024-12-31 10451322 bus:Director2 2024-01-01 2024-12-31 10451322 bus:PrivateLimitedCompanyLtd 2024-01-01 2024-12-31 10451322 core:Subsidiary1 2024-01-01 2024-12-31 10451322 core:Subsidiary1 1 2024-01-01 2024-12-31 10451322 countries:EnglandWales 2024-01-01 2024-12-31 10451322 core:CostValuation 2023-12-31 10451322 2023-01-01 2023-12-31 10451322 2023-12-31 10451322 core:CurrentFinancialInstruments core:WithinOneYear 2023-12-31 10451322 core:Non-currentFinancialInstruments core:AfterOneYear 2023-12-31 10451322 core:Subsidiary1 1 2023-01-01 2023-12-31 iso4217:GBP xbrli:pure

Registration number: 10451322

Turner Stone Holdings Limited

Unaudited Filleted Financial Statements

for the Year Ended 31 December 2024

 

Turner Stone Holdings Limited

Contents

Balance Sheet

1

Notes to the Unaudited Financial Statements

2 to 4

 

Turner Stone Holdings Limited

(Registration number: 10451322)
Balance Sheet as at 31 December 2024

Note

2024
£

2023
£

Fixed assets

 

Investments

4

973,223

973,223

Current assets

 

Cash at bank and in hand

 

404,602

404,602

Creditors: Amounts falling due within one year

5

(66,332)

(64,507)

Net current assets

 

338,270

340,095

Total assets less current liabilities

 

1,311,493

1,313,318

Creditors: Amounts falling due after more than one year

5

(53,123)

(100,196)

Net assets

 

1,258,370

1,213,122

Capital and reserves

 

Called up share capital

2

2

Retained earnings

1,258,368

1,213,120

Shareholders' funds

 

1,258,370

1,213,122

For the financial year ending 31 December 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the directors have not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the Board on 7 March 2025 and signed on its behalf by:
 

.........................................
Mrs K L Turner
Director

 

Turner Stone Holdings Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2024

1

General information

The company is a private company limited by share capital, incorporated in England and Wales.

The address of its registered office is:
2 Old Bath Road
Newbury
Berkshire
RG14 1QL
England

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Group accounts not prepared

The company is part of a small group. The company has taken advantage of the exemption provided by Section 398 of the Companies Act 2006 and has not prepared group accounts.

Going concern

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

Tax

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

Investments

Investments in equity shares which are publicly traded or where the fair value can be measured reliably are initially measured at fair value, with changes in fair value recognised in profit or loss. Investments in equity shares which are not publicly traded and where fair value cannot be measured reliably are measured at cost less impairment.

Interest income on debt securities, where applicable, is recognised in income using the effective interest method. Dividends on equity securities are recognised in income when receivable.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

Dividends

Dividend distribution to the company’s shareholders is recognised as a liability in the financial statements in the reporting period in which the dividends are declared.

 

Turner Stone Holdings Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2024

3

Staff numbers

The average number of persons employed by the company (including directors) during the year, was 2 (2023 - 2).

4

Investments

2024
£

2023
£

Investments in subsidiaries

973,223

973,223

Subsidiaries

£

Cost or valuation

At 1 January 2024

973,223

Provision

Carrying amount

At 31 December 2024

973,223

At 31 December 2023

973,223

 

Turner Stone Holdings Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2024

Details of undertakings

Details of the investments (including principal place of business of unincorporated entities) in which the company holds 20% or more of the nominal value of any class of share capital are as follows:

Undertaking

Registered office

Holding

Proportion of voting rights and shares held

     

2024

2023

Subsidiary undertakings

Southern Counties Marble and Granite Ltd

2 Old Bath Road
Newbury
Berkshire
RG14 1QL
England

Ordinary shares

100%

100%

The principal activity of Southern Counties Marble and Granite Ltd is importers and retailers of marble and granite.

5

Creditors

Creditors: amounts falling due within one year

2024
£

2023
£

Due within one year

Amounts owed to group undertakings

17,819

17,819

Other creditors

48,513

46,688

66,332

64,507

Creditors: amounts falling due after more than one year

2024
£

2023
£

Due after one year

Other non-current financial liabilities

53,123

100,196

6

Related party transactions

Summary of transactions with subsidiaries

Southern Counties Marble and Granite Ltd (a subsidiary company) made a loan to the company. At the balance sheet date the amount due to Southern Counties Marble and Granite Ltd was £17,819 (2023: £17,819).