DIRECTORS' REPORT AND FINANCIAL STATEMENTS
FOR THE YEAR TO 30 SEPTEMBER 2024
COMPANY NO.
TEMPLECO 374 LIMITED
COMPANY INFORMATION
DIRECTORS: | |
| |
|
|
SECRETARY: | M P Lakin |
|
|
REGISTERED OFFICE: | |
| |
| |
| |
| |
|
|
REGISTERED NUMBER: | 3449020 |
|
|
ACCOUNTANT: | |
| Rest Hill House |
| Over Worton |
| Chipping Norton |
| Oxfordshire |
| 0X7 7EN |
TEMPLECO 374 LIMITED
CONTENTS
| Page |
|
|
Directors' Report | 1 |
|
|
Accountant's Report | 2 |
|
|
Profit and Loss Account | 3 |
|
|
Balance Sheet | 4 |
|
|
Notes to the Financial Statements | 5-7 |
TEMPLECO 374 LIMITED
DIRECTORS' REPORT
The directors present their report and financial statements for the year ended 30 September 2024.
Review of Business
The principal activities of the company in the year under review were sheep farming and the collection of rent.
Results and Dividends
The results for the year ended 30 September 2024 are as shown in the Profit & Loss account on page 3.
Directors and their Interests
The directors of the company in office during the year and their beneficial interest in the issued share capital was as follows:
| 30.09.24 | 30.09.23 |
|
| Ordinary | Ordinary |
|
M P Lakin | 588,000 | 588,000 |
|
C L J Lakin | 612,000 | 612,000 |
|
Directors' Responsibilities
Company law requires the directors to prepare financial statements for each year which give a true and fair view of the state of affairs of the company and of the profit or loss of the company for that year.
In preparing these financial statements the directors are required to:
- | select suitable accounting policies and apply them consistently; |
- | make judgements and estimates that are reasonable and prudent; |
- | follow applicable accounting standards, subject to any material departure disclosed and explained in the financial statements; |
- | prepare the financial statements on the going concern basis unless it is inappropriate to presume that the company will continue in business. |
The directors are responsible for keeping proper accounting records which disclose with reasonable accuracy at any time the financial position of company and to enable them to ensure that the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the company and for taking reasonable steps for the presentation and detection and detection of fraud and other irregularities.
Close Company Status
The close company provisions of the Income and Corporation Taxes Act 1988 apply to the company. In preparing the above report, the directors have taken advantage of the exemptions applicable to small companies conferred by the Companies Act 2006.
Signed on behalf of the Board:
…………………………………………. | Approved by the Board on 14 / 05 / 2025 |
Secretary - M P Lakin |
|
TEMPLECO 374 LIMITED
REPORT OF THE ACCOUNTANT
TO THE DIRECTORS OF
TEMPLECO 374 LIMITED
In accordance with instructions given to me, I have prepared the financial statements set out on pages 3 - 6 from the accounting records of Templeco 374 Limited and from the information and explanations supplied to me by the management of the Company. I have not audited the accompanying financial statements and accordingly do not express an opinion or any other form of assurance on them.
M P LAKIN
Dated: 14 / 05 / 2025
TEMPLECO 374 LIMITED
PROFIT AND LOSS ACCOUNT
YEAR ENDED 30 SEPTEMBER 2024
| Note | 2024 | 2023 |
|
| £ | £ |
|
|
|
|
Farm Turnover | 1 |
|
|
|
|
|
|
Gross Profit |
| ||
|
|
|
|
Rents receivable (net) |
| ||
|
|
|
|
Total income |
| ||
|
|
|
|
Farm and administrative expenses |
| ( | ( |
|
|
|
|
Operating Profit/(Loss) | 2 | ( | |
|
|
|
|
Interest payable and similar charges | 3 | - | - |
|
|
|
|
Profit/(Loss) on ordinary activities before taxation |
| ( | |
Taxation | 4 | - | - |
|
|
|
|
Profit/(Loss) after taxation transferred to reserve |
| ( |
The notes form part of these financial statements
TEMPLECO 374 LIMITED
BALANCE SHEET AS AT 30 SEPTEMBER 2024
|
| 30.09.24 | 30.09.23 | ||
| Note | £ | £ | £ | £ |
|
|
|
|
|
|
FIXED ASSETS | 5 |
|
| ||
|
|
|
|
|
|
CURRENT ASSETS | 6 |
|
| ||
|
|
|
|
|
|
CREDITORS: |
|
|
|
|
|
Amounts falling due |
|
|
|
|
|
within one year | 7 |
|
| ||
|
|
|
| ||
NET CURRENT ASSETS |
|
|
| ||
|
|
|
|
|
|
CREDITORS: |
|
|
|
|
|
Amounts falling due after one year |
|
|
| - | |
|
|
|
|
|
|
|
|
|
| ||
|
|
|
|
|
|
CAPITAL AND RESERVES |
|
|
|
|
|
|
|
|
|
|
|
Called up share capital | 8 |
|
| ||
Profit & Loss account |
|
| ( |
| ( |
|
|
|
|
|
|
|
|
|
| ||
For the year ended 30 September 2024, the company was entitled to exemption from audit under Section 477 of the Companies Act 2006, relating to small companies.
The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476.
Directors' responsibilities:
These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.
…………………………………….
Director - M P Lakin
Approved by
The notes form part of these financial statements
TEMPLECO 374 LIMITED
NOTES TO THE FINANCIAL STATEMENTS
YEAR ENDED 30 SEPTEMBER 2024
1 Accounting Policies
Accounting Convention
Turnover
Turnover represents the net value of farming services, exclusive of value added tax.
2 Operating profit is stated after charging:
| 2024 | 2023 |
| £ | £ |
Directors' remuneration | - | - |
Accountant's remuneration |
3 Interest payable:
Bank loan account interest | - | - |
4 Taxation charge:
Corporation tax at |
|
|
profit for the year | - | - |
5 Fixed assets
| Farm |
|
|
| Property | Equipment | Total |
| £ | £ | £ |
Cost 01.10.23 | |||
Additions | - | - | - |
Disposals | - | - | - |
|
|
|
|
| |||
|
|
|
|
Depreciation 01.10.23 |
| ||
Disposals | - | - | - |
Charge for the year | - | ||
|
|
|
|
| - | ||
|
|
|
|
Written down value 30.09.24 |
TEMPLECO 374 LIMITED
NOTES TO THE FINANCIAL STATEMENTS
YEAR ENDED 30 SEPTEMBER 2024
6 Current assets
| 2024 | 2023 |
| £ | £ |
Trade debtors | ||
Cash at bank | ||
Equine stock | ||
Stock of stone | ||
|
|
|
|
7 Creditors: amounts falling due within one year
| 2024 | 2023 |
| £ | £ |
Trade creditors | ||
Other creditors | ||
VAT and other taxes | ( | |
Directors' current accounts | ||
|
|
|
| ||
|
|
|
Creditors: amounts falling due after one year |
|
|
|
|
|
Trade creditors | - |
8 Called up share capital
Authorised: | 3,000,000 | 3,000,000 |
Issued and fully paid |
9 Movement in shareholders' funds
Opening shareholders' funds | ||
Profit/(Loss) for the year | ( | |
|
|
|
| 713,489 |
The notes form part of these financial statements