TORRELS PROPERTIES LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JULY 2024
Torrels Properties Limited ("the Company") is a private company limited by shares, incorporated in England and Wales. Its registered office is Oak Cottage, Oxford Road, Horndon-On-The-Hill, Stanford-Le-Hope, United Kingdom, SS17 8PX.
2.Accounting policies
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Basis of preparation of financial statements
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The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with FRS 102 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland' and the requirements of the Companies Act 2006. The disclosure requirements of Section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.
The following principal accounting policies have been applied:
Investments in participating interests are measured at cost less accumulated impairment.
Short term debtors are measured at transaction price, less any impairment.
Short term creditors are measured at the transaction price.
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The average monthly number of employees, including directors, during the year was 2 (2023 - 1).
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