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Registration number: 15341809

Torbay 2023 Ltd
Unaudited Filleted Financial Statements
for the Period from 11 December 2023 to 31 December 2024

Torbay 2023 Ltd

Contents

Company Information | 1
Balance Sheet | 2
Notes to the Unaudited Financial Statements | 3 to 4

Torbay 2023 Ltd

Company Information

Directors | M Lee S A Smith

Registered office | Ex Shell Depot Coopies Lane Morpeth Northumberland NE61 6JN

Torbay 2023 Ltd

(Registration number: 15341809)
Balance Sheet as at 31 December 2024

| Note | 2024 £
Current assets |  |
Stocks | 4 | 54,733
Cash at bank and in hand |  | 99
|  | 54,832
Creditors: Amounts falling due within one year | 5 | (55,389)
Net liabilities |  | (557)
Capital and reserves |  |
Called up share capital |  | 99
Retained earnings |  | (656)
Shareholders' deficit |  | (557)

For the financial period ending 31 December 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 accounts for the period in question in accordance with section 476; and
• | The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the directors have not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the Board on 7 October 2025 and signed on its behalf by:

......................................... M Lee Director

Torbay 2023 Ltd

Notes to the Unaudited Financial Statements for the
Period from 11 December 2023 to 31 December 2024

1 | General information

The company is a private company limited by share capital, incorporated in England and Wales.

The address of its registered office is:
Ex Shell Depot
Coopies Lane
Morpeth
Northumberland
NE61 6JN
United Kingdom

These financial statements were authorised for issue by the Board on 7 October 2025.

2 | Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first-in, first-out (FIFO) method.
The cost of finished goods and work in progress comprises direct materials and, where applicable, direct labour costs and those overheads that have been incurred in bringing the inventories to their present location and condition. At each reporting date, stocks are assessed for impairment. If stocks are impaired, the carrying amount is reduced to its selling price less costs to complete and sell; the impairment loss is recognised immediately in profit or loss.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

Torbay 2023 Ltd

Notes to the Unaudited Financial Statements for the
Period from 11 December 2023 to 31 December 2024 (continued)

3 | Staff numbers

The average number of persons employed by the company (including directors) during the period, was 0.

4 | Stocks

| 2024 £
Work in progress | 54,733

5 | Creditors

Creditors: amounts falling due within one year

| 2024 £
Due within one year |
Accruals and deferred income | 400
Other creditors | 54,989
| 55,389