1 November 2023 v2025.44.1 limited_company_frs_102_section_1a_v1_1_2 companies_houseSoftwarefalsetruetruetrueNo description of principal activity00falsetruexbrli:purexbrli:sharesiso4217:GBP144456732023-11-012024-10-31144456732024-10-31144456732023-10-3114445673core:WithinOneYear2024-10-3114445673core:WithinOneYear2023-10-3114445673core:AfterOneYear2024-10-3114445673core:AfterOneYear2023-10-3114445673core:RetainedEarningsAccumulatedLosses2024-10-3114445673core:RetainedEarningsAccumulatedLosses2023-10-3114445673bus:Director12023-11-012024-10-3114445673bus:RegisteredOffice2023-11-012024-10-3114445673core:LandBuildings2024-10-3114445673core:PlantMachinery2024-10-3114445673core:LandBuildings2023-10-3114445673core:PlantMachinery2023-10-311444567312023-11-012024-10-31144456732022-11-012023-10-3114445673countries:EnglandWales2023-11-012024-10-3114445673bus:AuditExemptWithAccountantsReport2023-11-012024-10-3114445673bus:PrivateLimitedCompanyLtd2023-11-012024-10-3114445673bus:SmallEntities2023-11-012024-10-3114445673bus:FullAccounts2023-11-012024-10-31
Company registration number:
14445673
Taran Assure Limited
Unaudited Filleted Financial Statements for the year ended
31 October 2024
Taran Assure Limited
Chartered accountant's report to the board of directors on the preparation of the unaudited statutory financial statements of Taran Assure Limited
Year ended
31 October 2024
In order to assist you to fulfil your duties under the Companies Act 2006, I have prepared for your approval the
financial statements
of
Taran Assure Limited
for the year ended
31 October 2024
which comprise the income statement, statement of financial position and related notes from the company’s accounting records and from information and explanations you have given me.
As a practising member of the Institute of Chartered Accountants in England and Wales (ICAEW), I am subject to its ethical and other professional requirements which are detailed at icaew.com/​regulations.
This report is made solely to the Board of Directors of
Taran Assure Limited
, as a body. My work has been undertaken solely to prepare for your approval the
financial statements
of
Taran Assure Limited
and state those matters that I have agreed to state to the Board of Directors of
Taran Assure Limited
, as a body, in this report in accordance with ICAEW Technical Release 07/16 AAF. To the fullest extent permitted by law, I do not accept or assume responsibility to anyone other than
Taran Assure Limited
and its Board of Directors, as a body, for my work or for this report.
It is your duty to ensure that
Taran Assure Limited
has kept adequate accounting records and to prepare statutory
financial statements
that give a true and fair view of the assets, liabilities, financial position and profit of
Taran Assure Limited
. You consider that
Taran Assure Limited
is exempt from the statutory audit requirement for the year.
I have not been instructed to carry out an audit or a review of the financial statements of Taran Assure Limited. For this reason, I have not verified the accuracy or completeness of the accounting records or information and explanations you have given to me and I do not, therefore, express any opinion on the statutory financial statements.
Proud Goulbourn Accountants Limited
Office 16, Hamilton Davies House
117c Liverpool Road
Cadishead
Manchester
M44 5BG
United Kingdom
Date:
11 July 2025
Taran Assure Limited
Statement of Financial Position
31 October 2024
20242023
Note££
Fixed assets    
Tangible assets 5
162,746
 
162,746
 
Current assets    
Debtors 6
865
 
865
 
Cash at bank and in hand
3,061
 
1,821
 
3,926
 
2,686
 
Creditors: amounts falling due within one year 7
(114,518
)
(113,660
)
Net current liabilities
(110,592
)
(110,974
)
Total assets less current liabilities 52,154   51,772  
Creditors: amounts falling due after more than one year 8
(54,149
)
(56,082
)
Net liabilities
(1,995
)
(4,310
)
Capital and reserves    
Profit and loss account
(1,995
)
(4,310
)
Shareholders deficit
(1,995
)
(4,310
)
For the year ending
31 October 2024
, the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Director's 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 director acknowledges their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.
These
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 income statement has not been delivered.
These
financial statements
were approved by the board of directors and authorised for issue on
11 July 2025
, and are signed on behalf of the board by:
Beverley Jane Thomas
Director
Company registration number:
14445673
Taran Assure Limited
Notes to the Financial Statements
Year ended
31 October 2024

1 General information

The company is a private company limited by shares and is registered in England and Wales. The address of the registered office is
Pencefn
,
Sarnau
,
Bala
,
LL23 7KG
, United Kingdom.

2 Statement of compliance

These
financial statements
have been prepared in compliance with FRS 102 Section 1A, 'The Financial Reporting Standard applicable to the UK and Republic of Ireland'.

3 Accounting policies

Basis of preparation

The
financial statements
have been prepared on the historical cost basis, as modified by the revaluation of certain assets.
The
financial statements
are prepared in sterling, which is the functional currency of the company.

Turnover

Turnover is measured at the fair value of the consideration received for rental property income

Tangible assets

Tangible assets are initially measured at cost, and are subsequently measured at cost less any accumulated depreciation and accumulated impairment losses or at a revalued amount.

Investment properties

Investment property is measured initially at cost, which includes purchase price and any directly attributable expenditure. Investment property is revalued to its fair value at each reporting date and any changes in fair value are recognised in profit or loss.

Impairment

A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date.

Financial instruments

A financial asset or a financial liability is recognised only when the entity becomes a party to the contractual provisions of the instrument.
Basic financial instruments are initially recognised at the transaction price.

4 Average number of employees

The average number of persons employed by the company during the year was Nil (2023: Nil).

5 Tangible assets

Land and buildingsPlant and machinery etc.Total
£££
Cost      
At
1 November 2023
and
31 October 2024
162,388
 
358
 
162,746
 
Depreciation      
At
1 November 2023
and
31 October 2024
-   -   -  
Carrying amount      
At
31 October 2024
162,388
 
358
 
162,746
 
At 31 October 2023
162,388
 
358
 
162,746
 

Investment property

Included in land and buildings are the following amounts in relation to investment properties:
2024
£
Carrying value at
1 November 2023
and
31 October 2024
162,388
 

6 Debtors

20242023
££
Other debtors
865
 
865
 

7 Creditors: amounts falling due within one year

20242023
££
Bank loans and overdrafts
4,892
 
4,884
 
Other creditors
109,626
 
108,776
 
114,518
 
113,660
 

8 Creditors: amounts falling due after more than one year

20242023
££
Bank loans and overdrafts
54,149
 
56,082
 
The freehold property is secured by a mortgage
Agreegate amount of creditors due more than five years £31,662