| REGISTERED NUMBER: |
| UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 NOVEMBER 2024 |
| FOR |
| TIMBER RESOURCES INTERNATIONAL LIMITED |
| REGISTERED NUMBER: |
| UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 NOVEMBER 2024 |
| FOR |
| TIMBER RESOURCES INTERNATIONAL LIMITED |
| TIMBER RESOURCES INTERNATIONAL LIMITED (REGISTERED NUMBER: 02990196) |
| CONTENTS OF THE FINANCIAL STATEMENTS |
| for the Year Ended 30 November 2024 |
| Page |
| Company Information | 1 |
| Balance Sheet | 2 |
| Notes to the Financial Statements | 4 |
| TIMBER RESOURCES INTERNATIONAL LIMITED |
| COMPANY INFORMATION |
| for the Year Ended 30 November 2024 |
| DIRECTOR: |
| SECRETARY: |
| REGISTERED OFFICE: |
| REGISTERED NUMBER: |
| ACCOUNTANTS: |
| Aruna House |
| 2 Kings Road |
| Haslemere |
| Surrey |
| Tel: 01428 645398 |
| GU27 2QA |
| TIMBER RESOURCES INTERNATIONAL LIMITED (REGISTERED NUMBER: 02990196) |
| BALANCE SHEET |
| 30 November 2024 |
| 30.11.24 | 30.11.23 |
| Notes | £ | £ | £ | £ |
| FIXED ASSETS |
| Intangible assets | 3 |
| Tangible assets | 4 |
| CURRENT ASSETS |
| Stocks |
| Cash at bank |
| CREDITORS |
| Amounts falling due within one year | 5 |
| NET CURRENT LIABILITIES | ( |
) | ( |
) |
| TOTAL ASSETS LESS CURRENT LIABILITIES |
( |
) |
| CREDITORS |
| Amounts falling due after more than one year |
6 |
| NET LIABILITIES | ( |
) | ( |
) |
| CAPITAL AND RESERVES |
| Called up share capital |
| Retained earnings | ( |
) | ( |
) |
| SHAREHOLDERS' FUNDS | ( |
) | ( |
) |
| The director acknowledges his responsibilities for: |
| (a) | ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and |
| (b) | preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company. |
| TIMBER RESOURCES INTERNATIONAL LIMITED (REGISTERED NUMBER: 02990196) |
| BALANCE SHEET - continued |
| 30 November 2024 |
| The financial statements were approved by the director and authorised for issue on |
| TIMBER RESOURCES INTERNATIONAL LIMITED (REGISTERED NUMBER: 02990196) |
| NOTES TO THE FINANCIAL STATEMENTS |
| for the Year Ended 30 November 2024 |
| 1. | ACCOUNTING POLICIES |
| Basis of preparing the financial statements |
| Turnover |
| Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. |
| Goodwill |
| Goodwill, being the amount paid in connection with the acquisition of a business in 1996, was amortised evenly over its estimated useful life of ten years, until it reached its residual value of zero. |
| Intangible assets |
| Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses. |
| Intangible fixed assets |
| Intangible fixed assets had been amortised over their expected useful lives at the following rates: |
| Development costs- over 10 years |
| Tangible fixed assets |
| Improvements to property | - |
| Plant and machinery | - |
| Motor vehicles | - |
| Computer equipment | - |
| Stocks |
| Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items. |
| Research and development |
| Expenditure on research and development is written off in the year in which it is incurred. |
| 2. | EMPLOYEES AND DIRECTORS |
| The average number of employees during the year was NIL (2023 - NIL). |
| TIMBER RESOURCES INTERNATIONAL LIMITED (REGISTERED NUMBER: 02990196) |
| NOTES TO THE FINANCIAL STATEMENTS - continued |
| for the Year Ended 30 November 2024 |
| 3. | INTANGIBLE FIXED ASSETS |
| Other |
| intangible |
| Goodwill | assets | Totals |
| £ | £ | £ |
| COST |
| At 1 December 2023 |
| and 30 November 2024 |
| AMORTISATION |
| At 1 December 2023 |
| and 30 November 2024 |
| NET BOOK VALUE |
| At 30 November 2024 |
| At 30 November 2023 |
| 4. | TANGIBLE FIXED ASSETS |
| Improvements |
| to | Plant and | Motor | Computer |
| property | machinery | vehicles | equipment | Totals |
| £ | £ | £ | £ | £ |
| COST |
| At 1 December 2023 |
| Additions |
| At 30 November 2024 |
| DEPRECIATION |
| At 1 December 2023 |
| Charge for year |
| At 30 November 2024 |
| NET BOOK VALUE |
| At 30 November 2024 |
| At 30 November 2023 |
| 5. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
| 30.11.24 | 30.11.23 |
| £ | £ |
| Bank loans and overdrafts |
| Other creditors |
| TIMBER RESOURCES INTERNATIONAL LIMITED (REGISTERED NUMBER: 02990196) |
| NOTES TO THE FINANCIAL STATEMENTS - continued |
| for the Year Ended 30 November 2024 |
| 6. | CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR |
| 30.11.24 | 30.11.23 |
| £ | £ |
| Bank loans |
| Other creditors |
| 7. | ULTIMATE CONTROLLING PARTY |
| Mr Carter and his spouse hold 100% of the company's issued share capital. |
| 8. | GOING CONCERN |
| The balance sheet discloses net liabilities, however it is the opinion of the director that the Company has sufficient support from its creditors to ensure it is able to continue to trade for at least a further twelve months from the date of approval of these financial statements. The principal creditor is the director. On this basis it is believed the Company is a viable going concern. |