Company Registration No. SC073019 (Scotland)
TORE MILL LIMITED
ANNUAL REPORT AND UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2024
TORE MILL LIMITED
COMPANY INFORMATION
Director
R J Baxter
Secretary
LC Secretaries Limited
Company number
SC073019
Registered office
Markethill Road
TURRIFF
Grampian
AB53 7PA
Accountants
Johnston Carmichael LLP
Strathlossie House
Elgin Business Park
1 Kirkhill Avenue
Elgin
IV30 8DE
TORE MILL LIMITED
CONTENTS
Page
Director's report
1
Accountants' report
2
Balance sheet
3
Notes to the financial statements
4 - 5
TORE MILL LIMITED
DIRECTOR'S REPORT
FOR THE YEAR ENDED 30 JUNE 2024
- 1 -

The director presents his annual report and financial statements for the year ended 30 June 2024.

Principal activities

The company remained dormant during the year and made neither a profit or loss.

 

Accordingly no profit and loss account is presented within these financial statements.

Director

The director who held office during the year and up to the date of signature of the financial statements was as follows:

R J Baxter
Small companies exemption

This report has been prepared in accordance with the provisions applicable to companies entitled to the small companies exemption.

On behalf of the board
R J Baxter
Director
26 March 2025
TORE MILL LIMITED
REPORT TO THE DIRECTOR ON THE PREPARATION OF THE UNAUDITED STATUTORY ACCOUNTS OF TORE MILL LIMITED
FOR THE YEAR ENDED 30 JUNE 2024
- 2 -

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Tore Mill Limited for the year ended 30 June 2024 set out on pages 3 to 5 from the company’s accounting records and from information and explanations you have given us.

 

As a practising member firm of ICAS we are subject to its ethical and other professional requirements which are detailed at:

 

http://www.icas.com/icas-framework-preparation-of-accounts

 

It is your duty to ensure that Tore Mill Limited has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and profit or loss of Tore Mill Limited. You consider that Tore Mill 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 accounts of Tore Mill 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 accounts.

This report is made solely to the Board of Directors of Tore Mill Limited, as a body, in accordance with the terms of our engagement letter. Our work has been undertaken in accordance with the requirements of ICAS as detailed at:

 

http://www.icas.com/icas-framework-preparation-of-accounts.

 

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

Johnston Carmichael LLP
27 March 2025
Chartered Accountants
Strathlossie House
Elgin Business Park
1 Kirkhill Avenue
Elgin
IV30 8DE
TORE MILL LIMITED
BALANCE SHEET
AS AT
30 JUNE 2024
30 June 2024
- 3 -
2024
2023
Notes
£
£
£
£
Current assets
Debtors
3
66,500
66,500
Net current assets
66,500
66,500
Capital and reserves
Called up share capital
4
50,000
50,000
Profit and loss reserves
16,500
16,500
Total equity
66,500
66,500

For the financial year ended 30 June 2024 the company was entitled to exemption from audit under section 480 of the Companies Act 2006 relating to dormant companies.

The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476.

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

The financial statements were approved and signed by the director and authorised for issue on 26 March 2025
R J Baxter
Director
Company Registration No. SC073019
TORE MILL LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2024
- 4 -
1
Accounting policies
Company information

Tore Mill Limited is a private company limited by shares incorporated in Scotland. The registered office is Markethill Road, TURRIFF, Grampian, AB53 7PA.

1.1
Accounting convention

These financial statements for the year ended 30 June 2024 are prepared in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland.

 

In accordance with the transitional exemption in section 35 of FRS 102, Tore Mill Limited has elected to retain its accounting policies for reported assets, liabilities and equity at the date of transition to FRS 102.

The financial statements are prepared in sterling, which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest £.

The financial statements have been prepared under the historical cost convention. The principal accounting policies adopted are set out below.

1.2
Going concern

The company is dormant and accordingly the financial statements have been prepared on a basis other than a going concern. Under this basis, assets are reflected at their net realisable value where less than cost. No adjustments were required to the carrying value of assets in the application of this basis of preparation.true

1.3
Financial instruments

The company has elected to apply the provisions of Section 11 ‘Basic Financial Instruments’ and Section 12 ‘Other Financial Instruments Issues’ of FRS 102 to all of its financial instruments.

 

Financial instruments are recognised in the company's balance sheet when the company becomes party to the contractual provisions of the instrument.

Basic financial assets

Basic financial assets, which include debtors are initially measured at transaction price including transaction costs.

Classification of financial liabilities

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.

1.4
Equity instruments

Equity instruments issued by the company are recorded at the proceeds received, net of transaction costs. Dividends payable on equity instruments are recognised as liabilities once they are no longer at the discretion of the company.

2
Employees

The average monthly number of persons (including directors) employed by the company during the year was:

2024
2023
Number
Number
Total
-
0
-
0
TORE MILL LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 30 JUNE 2024
- 5 -
3
Debtors
2024
2023
Amounts falling due within one year:
£
£
Amounts owed by group undertakings
66,500
66,500
4
Called up share capital
2024
2023
2024
2023
Ordinary share capital
Number
Number
£
£
Issued and fully paid
Ordinary Shares of £1 each
37,500
37,500
37,500
37,500
Cumulative Convertible Participating
Preferred Ordinary Shares of £1 each
12,500
12,500
12,500
12,500
50,000
50,000
50,000
50,000

The preferred shares can be converted into Ordinary Shares on a one-for-one basis at any time at the discretion of the holders.

5
Financial commitments, guarantees and contingent liabilities
The company has provided a cross-company guarantee to the Bank of Scotland for amounts owed by fellow group companies.
6
Parent company

The company's ultimate parent undertaking is Harbro Limited, a company registered in Scotland. The ultimate holding company and controlling party is The Harbro Group Limited, a company registered in Scotland.

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