| REGISTERED NUMBER: |
| Unaudited Financial Statements for the Year Ended 30 November 2024 |
| for |
| Ian Torr Limited |
| REGISTERED NUMBER: |
| 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: |
| SECRETARY: |
| REGISTERED OFFICE: |
| REGISTERED NUMBER: |
| ACCOUNTANTS: |
| 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 |
| Investments | 5 |
| CURRENT ASSETS |
| Debtors | 6 |
| Cash at bank |
| CREDITORS |
| Amounts falling due within one year | 7 |
| NET CURRENT ASSETS |
| TOTAL ASSETS LESS CURRENT LIABILITIES |
| CAPITAL AND RESERVES |
| Called up share capital | 8 |
| Fair value reserve | 9 |
| Retained earnings |
| Ian Torr Limited (Registered number: 06366195) |
| Balance Sheet - continued |
| 30 November 2024 |
| 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 were approved by the director and authorised for issue on |
| 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 |
| 2. | ACCOUNTING POLICIES |
| Basis of preparing the financial statements |
| 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 |
| 4. | INTANGIBLE FIXED ASSETS |
| Goodwill |
| £ |
| COST |
| At 1 December 2023 |
| and 30 November 2024 |
| AMORTISATION |
| At 1 December 2023 |
| Amortisation for year |
| At 30 November 2024 |
| NET BOOK VALUE |
| At 30 November 2024 |
| At 30 November 2023 |
| 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 |
| Disposals | ( |
) |
| Revaluations |
| At 30 November 2024 |
| NET BOOK VALUE |
| At 30 November 2024 |
| At 30 November 2023 |
| 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 |
| Due from EE Cleaning Ltd |
| Directors' current accounts | 10,793 | 92,456 |
| 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 |
| Accruals and deferred income |
| 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 |
| Unrealised surplus on revaluation of Fixed asset investments |
6,810 |
| At 30 November 2024 |
| 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 |
| £ | £ |
| Balance outstanding at start of year |
| Amounts advanced |
| Amounts repaid | ( |
) | ( |
) |
| Amounts written off | - | - |
| Amounts waived | - | - |
| Balance outstanding at end of year |
| 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. |