| REGISTERED NUMBER: |
| Financial Statements |
| for the Year Ended 25th December 2024 |
| for |
| Temple Island Management Limited |
| REGISTERED NUMBER: |
| Financial Statements |
| for the Year Ended 25th December 2024 |
| for |
| Temple Island Management Limited |
| Temple Island Management Limited (Registered number: 01497456) |
| Contents of the Financial Statements |
| for the Year Ended 25th December 2024 |
| Page |
| Company Information | 1 |
| Balance Sheet | 2 |
| Notes to the Financial Statements | 3 |
| Temple Island Management Limited |
| Company Information |
| for the Year Ended 25th December 2024 |
| DIRECTORS: |
| SECRETARY: |
| REGISTERED OFFICE: |
| REGISTERED NUMBER: |
| AUDITORS: |
| Chartered Accountants |
| and Statutory Auditors |
| Trios House |
| Reform Road |
| Maidenhead |
| Berkshire |
| SL6 8BY |
| Temple Island Management Limited (Registered number: 01497456) |
| Balance Sheet |
| 25th December 2024 |
| 2024 | 2023 |
| Notes | £ | £ | £ |
| FIXED ASSETS |
| Tangible assets | 4 |
| CURRENT ASSETS |
| Stocks | 5 |
| Debtors | 6 |
| Cash at bank |
| CREDITORS |
| Amounts falling due within one year | 7 |
| NET CURRENT ASSETS |
| TOTAL ASSETS LESS CURRENT LIABILITIES |
| RESERVES |
| Non-Riparian Sinking Fund | 8 |
| Income and expenditure account | 8 |
| The financial statements were approved by the Board of Directors and authorised for issue on |
| Temple Island Management Limited (Registered number: 01497456) |
| Notes to the Financial Statements |
| for the Year Ended 25th December 2024 |
| 1. | STATUTORY INFORMATION |
| Temple Island Management Limited is a |
| 2. | ACCOUNTING POLICIES |
| Basis of preparing the financial statements |
| Income |
| Income represents service charges receivable in the year. |
| Tangible fixed assets |
| Depreciation is provided at the following annual rates in order to write off the asset over its estimated useful life. |
| Buildings - at 4% on cost, straight line. |
| Stocks |
| Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items. |
| 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. |
| Debtors and creditors with no stated interest rate and receivable or payable within one year are recorded at transaction cost. Any losses from impairment are recognised in the profit and loss account. |
| 3. | EMPLOYEES AND DIRECTORS |
| The average number of employees during the year was |
| Temple Island Management Limited (Registered number: 01497456) |
| Notes to the Financial Statements - continued |
| for the Year Ended 25th December 2024 |
| 4. | TANGIBLE FIXED ASSETS |
| Freehold |
| property | Buildings | Totals |
| £ | £ | £ |
| COST |
| At 26th December 2023 |
| and 25th December 2024 |
| DEPRECIATION |
| At 26th December 2023 |
| Charge for year |
| At 25th December 2024 |
| NET BOOK VALUE |
| At 25th December 2024 |
| At 25th December 2023 |
| 5. | STOCKS |
| 2024 | 2023 |
| £ | £ |
| Stocks |
| 6. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
| 2024 | 2023 |
| £ | £ |
| Trade debtors |
| Prepayments |
| 7. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
| 2024 | 2023 |
| £ | £ |
| Trade creditors |
| Corporation tax |
| Other creditors |
| Accrued expenses |
| Temple Island Management Limited (Registered number: 01497456) |
| Notes to the Financial Statements - continued |
| for the Year Ended 25th December 2024 |
| 8. | RESERVES |
| Income |
| and | Non-Riparian |
| expenditure | Sinking |
| account | Fund | Totals |
| £ | £ | £ |
| At 26th December 2023 | 146,596 |
| Surplus for the year |
| Transfer between Funds | (8,237 | ) | 8,237 | - |
| At 25th December 2024 | 174,930 |
| 9. | DISCLOSURE UNDER SECTION 444(5B) OF THE COMPANIES ACT 2006 |
| The Report of the Auditors was unqualified. |
| for and on behalf of |