Registered number
03430773
Torland Ltd
Filleted Accounts
30 June 2024
Torland Ltd
Registered number: 03430773
Balance Sheet
as at 30 June 2024
Notes 2024 2023
£ £
Current assets
Debtors 4 868,690 868,690
Creditors: amounts falling due within one year 5 (258,249) (258,136)
Net current assets 610,441 610,554
Net assets 610,441 610,554
Capital and reserves
Called up share capital 2 2
Profit and loss account 610,439 610,552
Shareholder's funds 610,441 610,554
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
A Weis
Director
Approved by the board on 29 April 2025
Torland Ltd
Notes to the Accounts
for the year ended 30 June 2024
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
2 Audit information
The audit report is unqualified.
Senior statutory auditor: Bernard Olsberg
Firm: B Olsberg & Co
Date of audit report: 29 April 2025
3 Employees 2024 2023
Number Number
Average number of persons employed by the company 1 1
4 Debtors 2024 2023
£ £
Amounts owed by group undertakings and undertakings in which the company has a participating interest 868,690 868,690
5 Creditors: amounts falling due within one year 2024 2023
£ £
Trade creditors 8,249 8,136
Amounts owed to group undertakings and undertakings in which the company has a participating interest 250,000 250,000
258,249 258,136
6 Other information
Torland Ltd is a private company limited by shares and incorporated in England. Its registered office is:
1 Allanadale Court
Waterpark Rd
Salford
M7 4JN
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