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Registration number: 13432981

Taylor Conrad Investments Ltd

Annual Report and Unaudited Financial Statements

for the Year Ended 31 May 2024

 

Taylor Conrad Investments Ltd

Contents

Company Information

1

Balance Sheet

2 to 3

Notes to the Unaudited Financial Statements

4 to 7

 

Taylor Conrad Investments Ltd

Company Information

Director

Joanne Hilary Foulkes

Registered office

1 Market Hill
Calne
Wiltshire
SN11 0BT

Accountants

RiverView Portfolio Limited 1 Market Hill
Calne
Wiltshire
SN11 0BT

 

Taylor Conrad Investments Ltd

(Registration number: 13432981)
Balance Sheet as at 31 May 2024

Note

2024
£

2023
£

Fixed assets

 

Tangible assets

5

5,279

9,300

Investment property

6

552,000

570,000

 

557,279

579,300

Current assets

 

Debtors

7

(2,081)

215

Cash at bank and in hand

 

1,276

2,067

 

(805)

2,282

Creditors: Amounts falling due within one year

8

13,663

657

Net current assets

 

12,858

2,939

Total assets less current liabilities

 

570,137

582,239

Creditors: Amounts falling due after more than one year

8

(519,943)

(518,527)

Provisions for liabilities

(10,556)

(13,976)

Net assets

 

39,638

49,736

Capital and reserves

 

Called up share capital

1,000

1,000

Revaluation reserve

45,001

59,581

Retained earnings

(6,363)

(10,845)

Shareholders' funds

 

39,638

49,736

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

Director's 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 director acknowledges her 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 provisions applicable to companies subject to the small companies regime and FRS 102 ‘The Financial Reporting Standard Applicable in the UK and Republic of Ireland’.

Approved and authorised by the director on 1 May 2025
 

 

Taylor Conrad Investments Ltd

(Registration number: 13432981)
Balance Sheet as at 31 May 2024 (continued)

.........................................
Joanne Hilary Foulkes
Director

 

Taylor Conrad Investments Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 May 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:
1 Market Hill
Calne
Wiltshire
SN11 0BT
England

These financial statements were authorised for issue by the director on 1 May 2025.

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.

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class

Depreciation method and rate

Fixtures and Fittings

25% Straightline

Investment property

The fair value of the property at the year end has been arrived at on the basis of a valuation carried out at that date by the director of the company, who is not a professionally qualified valuer. The valuation was arrived at by reference to the market evidence of transaction prices for similar properties in the location of the property.

 

Taylor Conrad Investments Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 May 2024 (continued)

2

Accounting policies (continued)

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Trade debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.

Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

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.

3

Staff numbers

The average number of persons employed by the company (including the director) during the year, was 0 (2023 - 0).

4

Profit/loss before tax

Arrived at after charging/(crediting)

2024
£

2023
£

Depreciation expense

4,021

4,021

 

Taylor Conrad Investments Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 May 2024 (continued)

5

Tangible assets

Furniture, fittings and equipment
 £

Total
£

Cost or valuation

At 1 June 2023

16,084

16,084

At 31 May 2024

16,084

16,084

Depreciation

At 1 June 2023

6,784

6,784

Charge for the year

4,021

4,021

At 31 May 2024

10,805

10,805

Carrying amount

At 31 May 2024

5,279

5,279

At 31 May 2023

9,300

9,300

6

Investment properties

2024
£

At 1 June

570,000

Fair value adjustments

(18,000)

At 31 May

552,000

There has been no valuation of investment property by an independent valuer.

7

Debtors

Current

2024
£

2023
£

Prepayments

222

215

Other debtors

(2,303)

-

 

(2,081)

215

 

Taylor Conrad Investments Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 May 2024 (continued)

8

Creditors

Creditors: amounts falling due within one year

2024
£

2023
£

Due within one year

Trade creditors

222

215

Accruals and deferred income

304

283

Other creditors

(14,189)

(1,155)

(13,663)

(657)

Creditors: amounts falling due after more than one year

Note

2024
£

2023
£

Due after one year

 

Loans and borrowings

10

519,943

518,527

9

Reserves

The changes to each component of equity resulting from items of other comprehensive income for the current year were as follows:

Revaluation reserve
£

Total
£

Surplus/deficit on property, plant and equipment revaluation

(14,580)

(14,580)

The changes to each component of equity resulting from items of other comprehensive income for the prior year were as follows:

Revaluation reserve
£

Total
£

Surplus/deficit on property, plant and equipment revaluation

(10,530)

(10,530)

10

Loans and borrowings

Non-current loans and borrowings

2024
£

2023
£

Other borrowings

519,943

518,527