3 false false false false false false false false false false true false false false false false false No description of principal activity 2024-05-01 Sage Accounts Production Advanced 2024 - FRS102_2024 25,000 25,000 3,669 3,669 598,580 100 598,480 598,480 xbrli:pure xbrli:shares iso4217:GBP 01712953 2024-05-01 2025-04-30 01712953 2025-04-30 01712953 2024-04-30 01712953 2023-05-01 2024-04-30 01712953 2024-04-30 01712953 2023-04-30 01712953 core:NetGoodwill 2024-05-01 2025-04-30 01712953 bus:Director1 2024-05-01 2025-04-30 01712953 bus:Director2 2024-05-01 2025-04-30 01712953 core:NetGoodwill 2025-04-30 01712953 core:WithinOneYear 2025-04-30 01712953 core:WithinOneYear 2024-04-30 01712953 core:AfterOneYear 2024-04-30 01712953 core:ShareCapital 2025-04-30 01712953 core:ShareCapital 2024-04-30 01712953 core:CapitalRedemptionReserve 2025-04-30 01712953 core:CapitalRedemptionReserve 2024-04-30 01712953 core:RetainedEarningsAccumulatedLosses 2025-04-30 01712953 core:RetainedEarningsAccumulatedLosses 2024-04-30 01712953 core:CostValuation core:Non-currentFinancialInstruments 2025-04-30 01712953 core:Non-currentFinancialInstruments core:ProvisionsForImpairmentInvestments 2025-04-30 01712953 core:Non-currentFinancialInstruments 2025-04-30 01712953 core:Non-currentFinancialInstruments 2024-04-30 01712953 bus:SmallEntities 2024-05-01 2025-04-30 01712953 bus:AuditExemptWithAccountantsReport 2024-05-01 2025-04-30 01712953 bus:SmallCompaniesRegimeForAccounts 2024-05-01 2025-04-30 01712953 bus:PrivateLimitedCompanyLtd 2024-05-01 2025-04-30 01712953 bus:FullAccounts 2024-05-01 2025-04-30 01712953 core:OfficeEquipment 2024-05-01 2025-04-30 01712953 core:OfficeEquipment 2025-04-30 01712953 bus:Director1 1 2024-05-01 2025-04-30 01712953 core:AllAssociates 2024-05-01 2025-04-30
COMPANY REGISTRATION NUMBER: 01712953
Templars Estates Limited
Filleted Unaudited Financial Statements
30 April 2025
Templars Estates Limited
Financial Statements
Year ended 30 April 2025
Contents
Pages
Statement of financial position
1 to 2
Notes to the financial statements
3 to 6
Templars Estates Limited
Statement of Financial Position
30 April 2025
2025
2024
Note
£
£
£
Fixed assets
Investments
7
598,480
598,480
Current assets
Stocks
4,507,000
4,507,000
Debtors
8
2,024
1,637
Cash at bank and in hand
22,041
26,032
------------
------------
4,531,065
4,534,669
Creditors: amounts falling due within one year
9
547,537
175,161
------------
------------
Net current assets
3,983,528
4,359,508
------------
------------
Total assets less current liabilities
4,582,008
4,957,988
Creditors: amounts falling due after more than one year
10
348,761
------------
------------
Net assets
4,582,008
4,609,227
------------
------------
Capital and reserves
Called up share capital
202
202
Capital redemption reserve
450,000
450,000
Profit and loss account
4,131,806
4,159,025
------------
------------
Shareholders funds
4,582,008
4,609,227
------------
------------
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 30 April 2025 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 .
Templars Estates Limited
Statement of Financial Position (continued)
30 April 2025
These financial statements were approved by the board of directors and authorised for issue on 18 August 2025 , and are signed on behalf of the board by:
Mr B G Sturgeon
Mr M D Gibbons
Director
Director
Company registration number: 01712953
Templars Estates Limited
Notes to the Financial Statements
Year ended 30 April 2025
1. General information
The company is a private company limited by shares, registered in England and Wales. The address of the registered office is 27 New Dover Road, Canterbury, Kent, CT1 3DN.
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. The financial statements are prepared in sterling, which is the functional currency of the entity.
Consolidation
The entity has taken advantage of the option not to prepare consolidated financial statements contained in Section 399 of the Companies Act 2006 on the basis that the entity and its subsidiary undertakings comprise a small group.
Judgements and key sources of estimation uncertainty
The preparation of the financial statements requires management to make judgements, estimates and assumptions that affect the amounts reported. These estimates and judgements are continually reviewed and are based on experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances.
Revenue recognition
Rental income is recognised on a time apportioned basis over the period of occupation. Property sales are recognised on the date of the unconditional transfer of legal title.
Income tax
The taxation expense represents the aggregate amount of current tax recognised in the reporting period. Tax is recognised in profit or loss.
Goodwill
Goodwill arises on business acquisitions and represents the excess of the cost of the acquisition over the company's interest in the net amount of the identifiable assets, liabilities and contingent liabilities of the acquired business. Goodwill is measured at cost less accumulated amortisation and accumulated impairment losses. It is amortised on a straight-line basis over its useful life. Where a reliable estimate of the useful life of goodwill or intangible assets cannot be made, the life is presumed not to exceed five years.
Amortisation
Amortisation is calculated so as to write off the cost of an asset, less its estimated residual value, over the useful life of that asset as follows:
Goodwill
-
20% straight line
If there is an indication that there has been a significant change in amortisation rate, useful life or residual value of an intangible asset, the amortisation is revised prospectively to reflect the new estimates.
Tangible assets
Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses.
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:
Equipment
-
25% straight line
Investments
Fixed asset investments are initially recorded at cost, and subsequently stated at cost less any accumulated impairment losses.
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.
Financial instruments
Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. Debtors and creditors with no stated interest rate and receivable or payable within one year are recorded at transaction price. Any losses arising from impairment are recognised in the profit and loss account in other administrative expenses. Loans and borrowings are initially recognised at the transaction price including transaction costs. Subsequently, they are measured at amortised cost using the effective interest rate method, less impairment. If an arrangement constitutes a finance transaction it is measured at present value.
4. Employee numbers
The average number of persons employed by the company during the year amounted to 3 (2024: 5 ).
5. Intangible assets
Goodwill
£
Cost
At 1 May 2024 and 30 April 2025
25,000
--------
Amortisation
At 1 May 2024 and 30 April 2025
25,000
--------
Carrying amount
At 30 April 2025
--------
At 30 April 2024
--------
6. Tangible assets
Equipment
Total
£
£
Cost
At 1 May 2024 and 30 April 2025
3,669
3,669
-------
-------
Depreciation
At 1 May 2024 and 30 April 2025
3,669
3,669
-------
-------
Carrying amount
At 30 April 2025
-------
-------
At 30 April 2024
-------
-------
7. Investments
Other investments other than loans
£
Cost
At 1 May 2024 and 30 April 2025
598,580
---------
Impairment
At 1 May 2024 and 30 April 2025
100
---------
Carrying amount
At 30 April 2025
598,480
---------
At 30 April 2024
598,480
---------
8. Debtors
2025
2024
£
£
Other debtors
2,024
1,637
-------
-------
9. Creditors: amounts falling due within one year
2025
2024
£
£
Trade creditors
237
270
Amounts owed to group undertakings and undertakings in which the company has a participating interest
104,803
100,883
Corporation tax
39,423
37,461
Social security and other taxes
5,315
1,117
Other creditors
397,759
35,430
---------
---------
547,537
175,161
---------
---------
10. Creditors: amounts falling due after more than one year
2025
2024
£
£
Bank loans and overdrafts
348,761
----
---------
These amounts are secured by charges over the assets to which the liabilities relate.
11. Directors' advances, credits and guarantees
At the start of the year, the Directors were owed £622 by the Company. During the year, the Directors were advanced £151,184 (2024: £189,092), £161,244 (2024: £187,272) was repaid and the balance owed by the Company at the year end was £10,684. No interest was charged on this loan.
12. Related party transactions
At the balance sheet date, the company owed £104,803 (2024: £100,883) to a subsidiary. company.