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Company No: 07119598 (England and Wales)

TEMPLAR SOUTHWEST LIMITED

Unaudited Financial Statements
For the financial year ended 30 September 2024
Pages for filing with the registrar

TEMPLAR SOUTHWEST LIMITED

Unaudited Financial Statements

For the financial year ended 30 September 2024

Contents

TEMPLAR SOUTHWEST LIMITED

COMPANY INFORMATION

For the financial year ended 30 September 2024
TEMPLAR SOUTHWEST LIMITED

COMPANY INFORMATION (continued)

For the financial year ended 30 September 2024
DIRECTOR Mr Oliver James Knights
Mr Beverley John Knights Dec'd (Resigned 23 December 2023)
REGISTERED OFFICE Lowin House
Tregolls Road
Truro
TR1 2NA
United Kingdom
COMPANY NUMBER 07119598 (England and Wales)
CHARTERED ACCOUNTANTS Francis Clark LLP
Lowin House
Tregolls Road
Truro
Cornwall TR1 2NA
TEMPLAR SOUTHWEST LIMITED

BALANCE SHEET

As at 30 September 2024
TEMPLAR SOUTHWEST LIMITED

BALANCE SHEET (continued)

As at 30 September 2024
Note 2024 2023
£ £
Current assets
Debtors 3 69,337 75,740
Cash at bank and in hand 4 38,381 38,478
107,718 114,218
Creditors: amounts falling due within one year 5 ( 1,200) ( 1,101)
Net current assets 106,518 113,117
Total assets less current liabilities 106,518 113,117
Net assets 106,518 113,117
Capital and reserves
Called-up share capital 6 200 200
Profit and loss account 106,318 112,917
Total shareholders' funds 106,518 113,117

For the financial year ending 30 September 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 financial statements of Templar Southwest Limited (registered number: 07119598) were approved and authorised for issue by the Director on 31 May 2025. They were signed on its behalf by:

Mr Oliver James Knights
Director
TEMPLAR SOUTHWEST LIMITED

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 30 September 2024
TEMPLAR SOUTHWEST LIMITED

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 30 September 2024
1. Accounting policies

The principal accounting policies are summarised below. They have all been applied consistently throughout the financial year and to the preceding financial year, unless otherwise stated.

General information and basis of accounting

Templar Southwest Limited (the Company) is a private company, limited by shares, incorporated in the United Kingdom under the Companies Act 2006 and is registered in England and Wales. The address of the Company's registered office is Lowin House, Tregolls Road, Truro, TR1 2NA, United Kingdom.

The financial statements have been prepared under the historical cost convention, modified to include certain items at fair value, and in accordance with Section 1A of Financial Reporting Standard 102 (FRS 102) ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland’ issued by the Financial Reporting Council and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.

The financial statements are presented in pounds sterling which is the functional currency of the Company and rounded to the nearest £.

Taxation

Current tax
Current tax is provided at amounts expected to be paid (or recoverable) using the tax rates and laws that have been enacted or substantively enacted at the Balance Sheet date.

Financial instruments

Financial assets and financial liabilities are recognised when the Company becomes a party to the contractual provisions of the instrument.

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.

Financial assets and liabilities are only offset in the Balance Sheet when, and only when there exists a legally enforceable right to set off the recognised amounts and the Company intends either to settle on a net basis, or to realise the asset and settle the liability simultaneously.

Basic financial assets
Basic financial assets receivable within one year, such as trade debtors and bank balances, are measured at transaction price less any impairment.

Basic financial assets receivable within more than one year are measured at amortised cost less any impairment.

Financial assets are derecognised when and only when the contractual rights to the cash flows from the financial asset expire or are settled, or the Company transfers to another party substantially all of the risks and rewards of ownership of the financial asset, or the Company, despite having retained some, but not all, significant risks and rewards of ownership, has transferred control of the asset to another party.

2. Employees

2024 2023
Number Number
Monthly average number of persons employed by the Company during the year, including the director 0 0

3. Debtors

2024 2023
£ £
Other debtors 69,337 75,740

4. Cash and cash equivalents

2024 2023
£ £
Cash at bank and in hand 38,381 38,478

5. Creditors: amounts falling due within one year

2024 2023
£ £
Other creditors 1,200 1,101

6. Called-up share capital

2024 2023
£ £
Allotted, called-up and fully-paid
200 Ordinary shares of £ 1.00 each 200 200

7. Related party transactions

Transactions with the entity's director

2024 2023
£ £
Director 46,663 53,066

During the year the advances to the Director of £1,172 (2023- £1,314), and there were repayments of £7,575 (2023- £18,013). Interest was charged on this amount and the balance is repayable on demand. The balance due to the company at 30 September 2024 is £46,663.