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REGISTERED NUMBER: 06304447 (England and Wales)















TOR VIEW SELF STORAGE LIMITED

ABRIDGED UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2024






TOR VIEW SELF STORAGE LIMITED (REGISTERED NUMBER: 06304447)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024




Page

Company Information 1

Chartered Certified Accountants' Report 2

Abridged Balance Sheet 3

Notes to the Financial Statements 5


TOR VIEW SELF STORAGE LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 MARCH 2024







DIRECTORS: C W Jones
W S Jones



SECRETARY: W S Jones



REGISTERED OFFICE: 95 High Street
Street
Somerset
BA16 0EZ



REGISTERED NUMBER: 06304447 (England and Wales)



ACCOUNTANTS: Poole Resources
Chartered Certified Accountants
95 High Street
Street
Somerset
BA16 0EZ



BANKERS: Lloyds TSB Bank Plc
24 - 26 High Street
Wells
Somerset
BA5 2SJ

CHARTERED CERTIFIED ACCOUNTANTS' REPORT TO THE BOARD OF DIRECTORS
ON THE UNAUDITED FINANCIAL STATEMENTS OF
TOR VIEW SELF STORAGE LIMITED

The following reproduces the text of the report prepared for the directors in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Directors are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Tor View Self Storage Limited for the year ended 31 March 2024 which comprise the Income Statement, Abridged Balance Sheet and the related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Association of Chartered Certified Accountants, we are subject to its ethical and other professional requirements which are detailed at http://www.accaglobal.com/rulebook.

This report is made solely to the Board of Directors of Tor View Self Storage Limited, as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Tor View Self Storage Limited and state those matters that we have agreed to state to the Board of Directors of Tor View Self Storage Limited, as a body, in this report in accordance with the requirements of the Association of Chartered Certified Accountants as detailed at
https://www.accaglobal.com/content/dam/ACCA_Global/Technical/fact/tf-163-jan-24.pdf.

To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the company and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that Tor View Self Storage Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Tor View Self Storage Limited. You consider that Tor View Self Storage Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of Tor View Self Storage Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.






Poole Resources
Chartered Certified Accountants
95 High Street
Street
Somerset
BA16 0EZ


28 March 2025

TOR VIEW SELF STORAGE LIMITED (REGISTERED NUMBER: 06304447)

ABRIDGED BALANCE SHEET
31 MARCH 2024

31.3.24 31.3.23
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 - -
Tangible assets 5 971,316 863,431
971,316 863,431

CURRENT ASSETS
Debtors 70,714 76,107
Cash at bank and in hand 22,267 28,794
92,981 104,901
CREDITORS
Amounts falling due within one year 330,919 312,198
NET CURRENT LIABILITIES (237,938 ) (207,297 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

733,378

656,134

CREDITORS
Amounts falling due after more than one
year

(87,246

)

(79,767

)

PROVISIONS FOR LIABILITIES (96,353 ) (124,249 )
NET ASSETS 549,779 452,118

TOR VIEW SELF STORAGE LIMITED (REGISTERED NUMBER: 06304447)

ABRIDGED BALANCE SHEET - continued
31 MARCH 2024

31.3.24 31.3.23
Notes £    £    £    £   
CAPITAL AND RESERVES
Called up share capital 100 100
Revaluation reserve 7 7,175 9,407
Retained earnings 542,504 442,611
SHAREHOLDERS' FUNDS 549,779 452,118

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

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

The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

All the members have consented to the preparation of an abridged Balance Sheet for the year ended 31 March 2024 in accordance with Section 444(2A) of the Companies Act 2006.

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 28 March 2025 and were signed on its behalf by:




C W Jones - Director



W S Jones - Director


TOR VIEW SELF STORAGE LIMITED (REGISTERED NUMBER: 06304447)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

1. STATUTORY INFORMATION

Tor View Self Storage 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.

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 as modified by the revaluation of certain assets.

Turnover
Turnover represents income received from the provision of storage facilities and ancillary services, net of value added tax.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2007 has been amortised evenly over its estimated useful life of ten years.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.
Storage containers - 3% on cost
Improvements to property - 3% on cost
Plant and machinery - 20% on reducing balance
Fixtures, fittings and equipment - 25% on reducing balance
Motor vehicles - 25% on reducing balance

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.


TOR VIEW SELF STORAGE LIMITED (REGISTERED NUMBER: 06304447)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2024

2. ACCOUNTING POLICIES - continued
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.

Hire purchase and leasing commitments
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 4 (2023 - 4 ) .

4. INTANGIBLE FIXED ASSETS
Totals
£   
COST
At 1 April 2023
and 31 March 2024 60,000
AMORTISATION
At 1 April 2023
and 31 March 2024 60,000
NET BOOK VALUE

At 31 March 2024 -
At 31 March 2023 -

TOR VIEW SELF STORAGE LIMITED (REGISTERED NUMBER: 06304447)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2024

5. TANGIBLE FIXED ASSETS
Totals
£   
COST OR VALUATION
At 1 April 2023 1,330,969
Additions 185,567
Disposals (105,949 )
At 31 March 2024 1,410,587
DEPRECIATION
At 1 April 2023 467,538
Charge for year 98,595
Eliminated on disposal (53,915 )
Charge written back (72,947 )
At 31 March 2024 439,271
NET BOOK VALUE
At 31 March 2024 971,316
At 31 March 2023 863,431

Cost or valuation at 31 March 2024 is represented by:

Totals
£   
Valuation in 2019 22,273
Cost 1,388,314
1,410,587

If tangible fixed assets had not been revalued they would have been included at the following historical cost:

31.3.24 31.3.23
£    £   
Cost 1,388,314 1,307,606
Aggregate depreciation 424,173 453,582

TOR VIEW SELF STORAGE LIMITED (REGISTERED NUMBER: 06304447)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2024

5. TANGIBLE FIXED ASSETS - continued

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:

Totals
£   
COST OR VALUATION
At 1 April 2023 268,310
Additions 133,000
Disposals (87,500 )
At 31 March 2024 313,810
DEPRECIATION
At 1 April 2023 75,889
Charge for year 47,457
Eliminated on disposal (40,442 )
At 31 March 2024 82,904
NET BOOK VALUE
At 31 March 2024 230,906
At 31 March 2023 192,421

6. SECURED DEBTS

The following secured debts are included within creditors:

31.3.24 31.3.23
£    £   
Hire purchase contracts 104,505 89,321

The amounts due under hire purchase contracts are secured on the assets concerned.

7. RESERVES
Revaluation
reserve
£   
At 1 April 2023 9,407
Depreciation on revalued assets (1,808 )
Disposal of revalued assets (424 )

At 31 March 2024 7,175