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COMPANY REGISTRATION NUMBER: 14361759
Turnbridge Properties Limited
Filleted Unaudited Financial Statements
30 September 2024
Turnbridge Properties Limited
Financial Statements
Year ended 30 September 2024
Contents
Page
Statement of financial position
1
Notes to the financial statements
3
Turnbridge Properties Limited
Statement of Financial Position
30 September 2024
2024
2023
Note
£
£
£
£
Fixed assets
Tangible assets
5
109,003
Current assets
Debtors
6
795
Cash at bank and in hand
6,436
100
-------
----
7,231
100
Creditors: amounts falling due within one year
7
111,975
----------
----
Net current (liabilities)/assets
( 104,744)
100
----------
----
Total assets less current liabilities
4,259
100
-------
----
Net assets
4,259
100
-------
----
Capital and reserves
Called up share capital
100
100
Profit and loss account
4,159
-------
----
Shareholders funds
4,259
100
-------
----
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
In accordance with section 444 of the Companies Act 2006, the statement of comprehensive income has not been delivered.
For the 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.
Directors' responsibilities:
- The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476 ;
- The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .
Turnbridge Properties Limited
Statement of Financial Position (continued)
30 September 2024
These financial statements were approved by the board of directors and authorised for issue on 26 June 2025 , and are signed on behalf of the board by:
Mr J M Savill
Mrs A S Savill
Director
Director
Company registration number: 14361759
Turnbridge Properties Limited
Notes to the Financial Statements
Year ended 30 September 2024
1. General information
The company is a private company limited by shares, registered in England and Wales. The address of the registered office is Stoneleigh, Back Lane, East Cowick, Goole, DN14 9ET, England.
2. Statement of compliance
These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.
3. Accounting policies
(a) Basis of preparation
The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.
The financial statements are prepared in sterling, which is the functional currency of the entity.
(b) Going concern
The UK economy has recently been impacted by rising inflation, interest rates and energy costs, exacerbated by the war in Ukraine. All these matters have impacted the company's trading results to a greater or lesser extent. At the date of signing these financial statements, the directors have considered the effect of these matters on the company with the information available to it and do not believe that it will affect the ability of the company to continue to trade for the foreseeable future. On this basis, the directors have prepared these financial statements on a going concern basis.
(c) Current and deferred tax
The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in profit or loss. Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to be paid or recovered using the tax rates and laws that have been enacted or substantively enacted at the reporting date.
(d) Tangible assets
Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses.
(e) Investment properties
Investment properties are initially recorded at cost, which included purchase price and any directly attributable expenditure.
Investment properties are revalued at their fair value at each reporting date and any changes in fair value are recognised in profit or loss.
(f) Financial instruments
Financial liabilities and equity instruments are classified according to the substance of the contractual agreement entered into. An equity instrument is any contract that evidences a residual interest in the assets of the entity after deducting all of its financial liabilities.
4. Employee numbers
The average number of persons employed by the company during the year amounted to 2 (2023: Nil).
5. Tangible assets
Freehold property
£
Cost
At 1 October 2023
Additions
109,003
----------
At 30 September 2024
109,003
----------
Depreciation
At 1 October 2023 and 30 September 2024
----------
Carrying amount
At 30 September 2024
109,003
----------
At 30 September 2023
----------
6. Debtors
2024
2023
£
£
Trade debtors
795
----
----
7. Creditors: amounts falling due within one year
2024
2023
£
£
Amounts owed to group undertakings and undertakings in which the company has a participating interest
110,000
Corporation tax
975
Other creditors
1,000
----------
----
111,975
----------
----