Silverfin false false 31/10/2024 30/10/2023 31/10/2024 Miss L S Isgar 30/10/2023 Mr C E Taylor 30/10/2023 23 July 2025 The principal activity of the Company during the financial period was property letting. 15247865 2024-10-31 15247865 bus:Director1 2024-10-31 15247865 bus:Director2 2024-10-31 15247865 core:CurrentFinancialInstruments 2024-10-31 15247865 core:Non-currentFinancialInstruments 2024-10-31 15247865 core:ShareCapital 2024-10-31 15247865 core:RetainedEarningsAccumulatedLosses 2024-10-31 15247865 2023-10-29 15247865 bus:OrdinaryShareClass1 2024-10-31 15247865 2023-10-30 2024-10-31 15247865 bus:FilletedAccounts 2023-10-30 2024-10-31 15247865 bus:SmallEntities 2023-10-30 2024-10-31 15247865 bus:AuditExemptWithAccountantsReport 2023-10-30 2024-10-31 15247865 bus:PrivateLimitedCompanyLtd 2023-10-30 2024-10-31 15247865 bus:Director1 2023-10-30 2024-10-31 15247865 bus:Director2 2023-10-30 2024-10-31 15247865 core:Non-currentFinancialInstruments 2023-10-30 2024-10-31 15247865 bus:OrdinaryShareClass1 2023-10-30 2024-10-31 iso4217:GBP xbrli:pure xbrli:shares

Company No: 15247865 (England and Wales)

TAYLOR ISGAR LTD

Unaudited Financial Statements
For the financial period from 30 October 2023 to 31 October 2024
Pages for filing with the registrar

TAYLOR ISGAR LTD

Unaudited Financial Statements

For the financial period from 30 October 2023 to 31 October 2024

Contents

TAYLOR ISGAR LTD

BALANCE SHEET

As at 31 October 2024
TAYLOR ISGAR LTD

BALANCE SHEET (continued)

As at 31 October 2024
Note 31.10.2024
£
Fixed assets
Investment property 3 286,221
286,221
Current assets
Cash at bank and in hand 1,735
1,735
Creditors: amounts falling due within one year 4 ( 152,803)
Net current liabilities (151,068)
Total assets less current liabilities 135,153
Creditors: amounts falling due after more than one year 5 ( 151,021)
Accruals and deferred income ( 1,474)
Net liabilities ( 17,342)
Capital and reserves
Called-up share capital 6 200
Profit and loss account ( 17,542 )
Total shareholders' deficit ( 17,342)

For the financial period ending 31 October 2024 the Company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

The financial statements of Taylor Isgar Ltd (registered number: 15247865) were approved and authorised for issue by the Board of Directors on 23 July 2025. They were signed on its behalf by:

Miss L S Isgar
Director
Mr C E Taylor
Director
TAYLOR ISGAR LTD

NOTES TO THE FINANCIAL STATEMENTS

For the financial period from 30 October 2023 to 31 October 2024
TAYLOR ISGAR LTD

NOTES TO THE FINANCIAL STATEMENTS

For the financial period from 30 October 2023 to 31 October 2024
1. Accounting policies

The principal accounting policies are summarised below. They have all been applied consistently throughout the financial period, unless otherwise stated.

General information and basis of accounting

Taylor Isgar Ltd (the Company) is a private company, limited by shares, incorporated in the United Kingdom under the Companies Act 2006 and is registered in England and Wales. The address of the Company's registered office is 2 Chilbury Gardens, Owermoigne, Dorchester, DT2 8HR, United Kingdom.

The financial statements have been prepared under the historical cost convention, modified to include the revaluation of freehold properties and to include investment properties and certain items at fair value, and in accordance with Section 1A of Financial Reporting Standard 102 (FRS 102) ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland’ issued by the Financial Reporting Council and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.

The financial statements are presented in pounds sterling which is the functional currency of the Company and rounded to the nearest £.

Going concern

The directors have assessed the Balance Sheet and likely future cash flows at the date of approving these financial statements. The directors note that the business has net liabilities of £17,342. The Company is supported through loans from the directors. The directors have confirmed that the loan facilities will continue to be available for at least 12 months from the date of signing these financial statements and the directors will continue to support the Company. Given the current position, the directors believe that any foreseeable debts can be met for at least 12 months from the date of signing these financial statements. Accordingly, they continue to adopt the going concern basis in preparing the financial statements.

Turnover

Turnover comprises the fair value of rents receivable.

The company recognises revenue when;
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

Investment property

Investment property is initially recognised at cost, which includes the purchase cost and any directly attributable expenditure. Subsequently it is measured at fair value at each reporting date with changes in fair value recognised in profit or loss. Deferred taxation is provided on these gains at the rate expected to apply when the property is sold.

The fair value is determined annually by the directors, on an open market value for existing use basis.

Cash and cash equivalents

Cash and cash equivalents are basic financial assets and include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in creditors: amounts falling due within one year.

Trade and other creditors

Trade and other creditors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest rate method, unless the effect of discounting would be immaterial, in which case they are stated at cost. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Ordinary share capital

The ordinary share capital of the Company is presented as equity.

2. Employees

Period from
30.10.2023 to
31.10.2024
Number
Monthly average number of persons employed by the Company during the period, including directors 2

The company is run and administered by the directors for whom no formal contracts of service are in place.

3. Investment property

Investment property
£
Valuation
As at 30 October 2023 0
Additions 286,221
As at 31 October 2024 286,221

Valuation

The investment properties class of fixed assets were adjusted on 31 October 2024 to fair value by the directors who are internal to the company. The basis of this valuation was open market value.

Historic cost

If the investment properties had been accounted for under the cost accounting rules, the properties would have been measured as follows:

31.10.2024
£
Historic cost 286,221

4. Creditors: amounts falling due within one year

31.10.2024
£
Other creditors 152,803

5. Creditors: amounts falling due after more than one year

31.10.2024
£
Bank loans 151,021

There are no amounts included above in respect of which any security has been given by the small entity.

6. Called-up share capital

31.10.2024
£
Allotted, called-up and fully-paid
200 Ordinary shares of £ 1.00 each 200