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REGISTERED NUMBER: 06366195 (England and Wales)















Unaudited Financial Statements for the Year Ended 30 November 2024

for

Ian Torr Limited

Ian Torr Limited (Registered number: 06366195)






Contents of the Financial Statements
for the Year Ended 30 November 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Ian Torr Limited

Company Information
for the Year Ended 30 November 2024







DIRECTOR: Mr I Torr





SECRETARY: Mrs J C Torr





REGISTERED OFFICE: 18 St Christopher's Way
Pride Park
Derby
Derbyshire
DE24 8JY





REGISTERED NUMBER: 06366195 (England and Wales)





ACCOUNTANTS: Franklins
18 St Christopher's Way
Pride Park
Derby
Derbyshire
DE24 8JY

Ian Torr Limited (Registered number: 06366195)

Balance Sheet
30 November 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 28,333 38,333
Investments 5 51,637 44,914
79,970 83,247

CURRENT ASSETS
Debtors 6 54,209 201,200
Cash at bank 247,676 203,643
301,885 404,843
CREDITORS
Amounts falling due within one year 7 1,625 13,753
NET CURRENT ASSETS 300,260 391,090
TOTAL ASSETS LESS CURRENT
LIABILITIES

380,230

474,337

CAPITAL AND RESERVES
Called up share capital 8 100 100
Fair value reserve 9 15,402 8,592
Retained earnings 364,728 465,645
380,230 474,337

Ian Torr Limited (Registered number: 06366195)

Balance Sheet - continued
30 November 2024


The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 November 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 November 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for:
(a)ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

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

In accordance with Section 444 of the Companies Act 2006, the Statement of Comprehensive Income has not been delivered.

The financial statements were approved by the director and authorised for issue on 8 April 2025 and were signed by:





Mr I Torr - Director


Ian Torr Limited (Registered number: 06366195)

Notes to the Financial Statements
for the Year Ended 30 November 2024

1. STATUTORY INFORMATION

Ian Torr Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention as modified by the revaluation of certain assets.

Turnover
Turnover represents the company's share of the profits of the partnership,.

Goodwill
Purchased goodwill is amortised at rates calculated to write off the assets on a straight line basis over their estimated useful economic lives as follows:

Goodwill - twenty years

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Investments
Investments are included at fair value. Changes in fair value are recognised in the Fair value reserve account.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2023 - 1 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 December 2023
and 30 November 2024 200,000
AMORTISATION
At 1 December 2023 161,667
Amortisation for year 10,000
At 30 November 2024 171,667
NET BOOK VALUE
At 30 November 2024 28,333
At 30 November 2023 38,333

Goodwill arose on the purchase of the company's share in a solicitors partnership.

Ian Torr Limited (Registered number: 06366195)

Notes to the Financial Statements - continued
for the Year Ended 30 November 2024

5. FIXED ASSET INVESTMENTS
Other
investments
£   
COST OR VALUATION
At 1 December 2023 44,914
Disposals (87 )
Revaluations 6,810
At 30 November 2024 51,637
NET BOOK VALUE
At 30 November 2024 51,637
At 30 November 2023 44,914

Cost or valuation at 30 November 2024 is represented by:

Other
investments
£   
Valuation in 2017 19
Valuation in 2018 1,730
Valuation in 2019 3,037
Valuation in 2020 (174 )
Valuation in 2021 5,323
Valuation in 2022 (4,627 )
Valuation in 2023 3,283
Valuation in 2024 6,810
Cost 36,236
51,637

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Due from partnership 27,416 92,744
Due from EE Cleaning Ltd 16,000 16,000
Directors' current accounts 10,793 92,456
54,209 201,200

Other than as stated under directors loan account above, none of the above amounts related to amounts due from the director or shareholder of the company either directly or indirectly.

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Tax 425 12,853
Accruals and deferred income 1,200 900
1,625 13,753

Ian Torr Limited (Registered number: 06366195)

Notes to the Financial Statements - continued
for the Year Ended 30 November 2024

8. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:
Nominal
Value:

2024
£

2023
£

100 Ordinary £1 - 100
55 Ordinary A £1 55 -
45 Ordinary B £1 45 -
100 100
The 100 Ordinary shares of £1.00 each were re-designated as 55 Ordinary A shares and 45 Ordinary B shares of £1.00 each on 29th January 2024.

9. RESERVES
Fair
value
reserve
£   
At 1 December 2023 8,592
Unrealised surplus on revaluation of Fixed
asset investments

6,810


At 30 November 2024 15,402

10. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the year ended 30 November 2024 and the period ended 30 November 2023:

2024 2023
£    £   
Mr I Torr
Balance outstanding at start of year 92,456 115,143
Amounts advanced 11,139 92,849
Amounts repaid (92,802 ) (115,536 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 10,793 92,456

Interest was charged on the overdrawn director's loan account at HM Revenue & Customs official rate of interest during the year being 2.25%.

The full loan balance was repaid within nine months of the year end.