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COMPANY REGISTRATION NUMBER: 5640508
Temple Property & Construction Limited
Filleted Unaudited Financial Statements
For the Year Ended
30 November 2024
Temple Property & Construction Limited
Financial Statements
Year Ended 30th November 2024
Contents
Page
Officers and Professional Advisers
1
Chartered Accountant's Report to the Board of Directors on the Preparation of the Unaudited Statutory Financial Statements
2
Statement of Financial Position
3
Notes to the Financial Statements
5
Temple Property & Construction Limited
Officers and Professional Advisers
The Board of Directors
C W Hull
Miss N Hull
Company Secretary
Mrs J Hull
Registered Office
Middleborough House
16 Middleborough
Colchester
Essex
CO1 1QT
Accountants
Peyton Tyler Mears
Chartered accountants
Middleborough House
16 Middleborough
Colchester
Essex
CO1 1QT
Temple Property & Construction Limited
Chartered Accountant's Report to the Board of Directors on the Preparation of the Unaudited Statutory Financial Statements of Temple Property & Construction Limited
Year Ended 30th November 2024
As described on the statement of financial position, the directors of the company are responsible for the preparation of the financial statements for the year ended 30th November 2024, which comprise the statement of financial position and the related notes. You consider that the company is exempt from an audit under the Companies Act 2006. In accordance with your instructions we have compiled these financial statements in order to assist you to fulfil your statutory responsibilities, from the accounting records and from information and explanations supplied to us.
Peyton Tyler Mears Chartered accountants
Middleborough House 16 Middleborough Colchester Essex CO1 1QT
14 August 2025
Temple Property & Construction Limited
Statement of Financial Position
30 November 2024
2024
2023
Note
£
£
£
Fixed Assets
Tangible assets
5
557,920
16,946
Current Assets
Stocks
151,848
1,273,046
Debtors
6
9,588
3,855
Cash at bank and in hand
871,945
105,669
-------------
-------------
1,033,381
1,382,570
Creditors: amounts falling due within one year
7
93,652
146,168
-------------
-------------
Net Current Assets
939,729
1,236,402
-------------
-------------
Total Assets Less Current Liabilities
1,497,649
1,253,348
Provisions
Taxation including deferred tax
4,237
4,237
-------------
-------------
Net Assets
1,493,412
1,249,111
-------------
-------------
Temple Property & Construction Limited
Statement of Financial Position (continued)
30 November 2024
2024
2023
Note
£
£
£
Capital and Reserves
Called up share capital
100
100
Profit and loss account
1,493,312
1,249,011
-------------
-------------
Shareholders Funds
1,493,412
1,249,111
-------------
-------------
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 income and retained earnings has not been delivered.
For the year ending 30th November 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 .
These financial statements were approved by the board of directors and authorised for issue on 13 August 2025 , and are signed on behalf of the board by:
C W Hull
Director
Company registration number: 5640508
Temple Property & Construction Limited
Notes to the Financial Statements
Year Ended 30th November 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 Middleborough House, 16 Middleborough, Colchester, Essex, CO1 1QT.
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
Basis of Preparation
The financial statements have been prepared on the historical cost basis.
Revenue Recognition
Turnover is measured at the fair value of the consideration received or receivable and represents amounts receivable for goods supplied and services rendered, stated net of discounts and of Value Added Tax.
Income Tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.
Tangible Assets
Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses. An increase in the carrying amount of an asset as a result of a revaluation, is recognised in other comprehensive income and accumulated in equity, except to the extent it reverses a revaluation decrease of the same asset previously recognised in profit or loss. A decrease in the carrying amount of an asset as a result of revaluation, is recognised in other comprehensive income to the extent of any previously recognised revaluation increase accumulated in equity in respect of that asset. Where a revaluation decrease exceeds the accumulated revaluation gains accumulated in equity in respect of that asset, the excess shall be recognised in profit or loss.
Depreciation
Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:
Plant & machinery
-
20% straight line
Motor vehicles
-
25% straight line
Office equipment
-
20% - 33.33% straight line
Impairment of Fixed Assets
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.
Stocks
Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost includes all costs of purchase, costs of conversion and other costs incurred in bringing the stock to its present location and condition.
Provisions
Provisions are recognised when the entity has an obligation at the reporting date as a result of a past event, it is probable that the entity will be required to transfer economic benefits in settlement and the amount of the obligation can be estimated reliably. Provisions are recognised as a liability in the statement of financial position and the amount of the provision as an expense. Provisions are initially measured at the best estimate of the amount required to settle the obligation at the reporting date and subsequently reviewed at each reporting date and adjusted to reflect the current best estimate of the amount that would be required to settle the obligation. Any adjustments to the amounts previously recognised are recognised in profit or loss unless the provision was originally recognised as part of the cost of an asset. When a provision is measured at the present value of the amount expected to be required to settle the obligation, the unwinding of the discount is recognised as a finance cost in profit or loss in the period it arises.
Financial Instruments
Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements 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.
Defined Contribution Plans
Contributions to defined contribution plans are recognised as an expense in the period in which the related service is provided. Prepaid contributions are recognised as an asset to the extent that the prepayment will lead to a reduction in future payments or a cash refund. When contributions are not expected to be settled wholly within 12 months of the end of the reporting date in which the employees render the related service, the liability is measured on a discounted present value basis. The unwinding of the discount is recognised as a finance cost in profit or loss in the period in which it arises.
4. Employee Numbers
The average number of persons employed by the company during the year amounted to 1 (2023: 1 ).
5. Tangible Assets
Land and buildings
Plant and machinery
Motor vehicles
Office equipment
Total
£
£
£
£
£
Cost
At 1st December 2023
52,130
27,395
1,544
81,069
Additions
544,511
544,511
----------
---------
---------
-------
----------
At 30th November 2024
544,511
52,130
27,395
1,544
625,580
----------
---------
---------
-------
----------
Depreciation
At 1st December 2023
49,888
12,691
1,544
64,123
Charge for the year
746
2,791
3,537
----------
---------
---------
-------
----------
At 30th November 2024
50,634
15,482
1,544
67,660
----------
---------
---------
-------
----------
Carrying amount
At 30th November 2024
544,511
1,496
11,913
557,920
----------
---------
---------
-------
----------
At 30th November 2023
2,242
14,704
16,946
----------
---------
---------
-------
----------
6. Debtors
2024
2023
£
£
Other debtors
9,588
3,855
-------
-------
7. Creditors: amounts falling due within one year
2024
2023
£
£
Trade creditors
3,070
3,872
Corporation tax
82,613
1,708
Social security and other taxes
1,515
4,166
Other creditors
6,454
136,422
---------
----------
93,652
146,168
---------
----------