The Turner Group Limited

	Page
Balance Sheet	1—2
Notes to the Financial Statements	3—5

Registered number: 03000475

		2024		2023
	Notes	£	£	£	£
FIXED ASSETS
Tangible Assets	4		625,800		815,247

			625,800		815,247
CURRENT ASSETS
Debtors	5	91,682		115,556
Cash at bank and in hand		209,258		53,224

		300,940		168,780
Creditors: Amounts Falling Due Within One Year	6	(2,226 )		(9,489 )

NET CURRENT ASSETS (LIABILITIES)			298,714		159,291

TOTAL ASSETS LESS CURRENT LIABILITIES			924,514		974,538

Creditors: Amounts Falling Due After More Than One Year	7		(6,216 )		(6,216 )

NET ASSETS			918,298		968,322

CAPITAL AND RESERVES
Called up share capital	8		61,418		61,418
Revaluation reserve	10		96,465		96,465
Profit and Loss Account			760,415		810,439

SHAREHOLDERS' FUNDS			918,298		968,322

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The Turner Group Limited

Balance Sheet (continued)

As At 31 December 2024

For the year ending 31 December 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.

On behalf of the board

Miss Jessica Turner Director	Mr Ben Turner Director	Mrs Eleanor Turner Director
Mr Alan Turner Director
18th September 2025

The notes on pages 3 to 5 form part of these financial statements.

1. General Information

The Turner Group Limited is a private company, limited by shares, incorporated in England & Wales, registered number 03000475 . The registered office is 2 Station Road, Brundall, Norwich, Norfolk, NR13 5LA.

2. Accounting Policies

2.1. Basis of Preparation of Financial Statements

The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.

2.2. Turnover

Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.

Sale of goods

Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.

Rendering of services

Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.

2.3. Tangible Fixed Assets and Depreciation

Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:

Freehold

NIL

2.4. Taxation

Income tax expense represents the sum of the tax currently payable and deferred tax.

The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the statement of comprehensive income because of items of income or expense that are taxable or deductible in other years and items that are never taxable or deductible. The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.

Deferred tax is recognised on timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. Deferred tax liabilities are generally recognised for all taxable timing differences. Deferred tax assets are generally recognised for all deductible temporary differences to the extent that it is probable that taxable profits will be available against which those deductible timing differences can be utilised. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered.

...CONTINUED

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The Turner Group Limited

Notes to the Financial Statements (continued)

For The Year Ended 31 December 2024

2.4. Taxation - continued

Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period. Deferred tax liabilities are presented within provisions for liabilities and deferred tax assets within debtors. The measurement of deferred tax liabilities and assets reflect the tax consequences that would follow from the manner in which the Company expects, at the end of the reporting period, to recover or settle the carrying amount of its assets and liabilities.

Current and deferred tax are recognised in profit or loss for the year, except when they relate to items that are recognised in other comprehensive income or directly in equity, in which case current and deferred tax are recognised in other comprehensive income or directly in equity respectively.

3. Average Number of Employees

Average number of employees, including directors, during the year was: 4 (2023: 4)

4. Tangible Assets

	Land & Property
	Freehold
	£
Cost
As at 1 January 2024	815,247
Disposals	(187,000 )

As at 31 December 2024	628,247

Depreciation
As at 1 January 2024	-
Disposals	2,447

As at 31 December 2024	2,447

Net Book Value
As at 31 December 2024	625,800

As at 1 January 2024	815,247

5. Debtors

	2024	2023
	£	£
Due within one year
Prepayments and accrued income	831	1,021
Due after more than one year
Other debtors	54,052	63,860
Directors loan account	36,799	50,675

	90,851	114,535

	91,682	115,556

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The Turner Group Limited

Notes to the Financial Statements (continued)

For The Year Ended 31 December 2024

6. Creditors: Amounts Falling Due Within One Year

	2024	2023
	£	£
Trade creditors	2,226	2,118
Corporation tax	-	7,371

	2,226	9,489

7. Creditors: Amounts Falling Due After More Than One Year

	2024	2023
	£	£
Other creditors	6,216	6,216

8. Share Capital

	2024	2023
	£	£
Allotted, Called up and fully paid	61,418	61,418

9. Directors Advances, Credits and Guarantees

Dividends paid to directors

	2024	2023
	£	£
Miss Jessica Turner	4,755	4,620
Mr Ben Turner	3,600	3,600
Mrs Eleanor Turner	13,350	2,000
Mr Alan Turner	17,000	30,000

10. Reserves

	Revaluation Reserve
	£
As at 1 January 2024	96,465

As at 31 December 2024	96,465

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