ACCOUNTS - Final Accounts preparation

Registered number: 14661567

TOWNSHIPS 2 LTD

UNAUDITED

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2025

TOWNSHIPS 2 LTD

REGISTERED NUMBER: 14661567

BALANCE SHEET

AS AT 31 MARCH 2025

	2025	2024
Note	£	£


Cash at bank and in hand		20,814	24,198
Creditors: amounts falling due within one year	4	(20,809)	(24,193)

Net assets		5	5

Capital and reserves
Called up share capital	5	5
Profit and loss account	-	-
	5	5

The directors consider that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and in accordance with the provisions of FRS 102 Section 1A - small entities.

The financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The Company has opted not to file the statement of income and retained earnings in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf on 1 December 2025.

Dr J M Attwood

Director

The notes on pages 2 to 4 form part of these financial statements.

Page 1

TOWNSHIPS 2 LTD

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2025

1.	General information

Townships 2 Ltd is a private company limited by shares, incorporated in England and Wales (registered number: 14661567). Its registered office is 5 - 7 Skelton Lane, Sheffield, S13 7LY. The principal activity throughout the year was the provision of medical staff. The company was incorporated on 14 February 2023 and began to trade on 1 April 2023.

2.Accounting policies

2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006. The disclosure requirements of Section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The functional and presentation currency is pounds sterling.

The following principal accounting policies have been applied:

2.2

Revenue

Revenue is recognised to the extent that it is probable that the economic benefits will flow to the Company and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before revenue is recognised:

Rendering of services

Revenue from a contract to provide services is recognised in the period in which the services are provided in accordance with the stage of completion of the contract when all of the following conditions are satisfied:

∙the amount of revenue can be measured reliably;

∙it is probable that the Company will receive the consideration due under the contract;

∙the stage of completion of the contract at the end of the reporting period can be measured reliably; and

∙the costs incurred and the costs to complete the contract can be measured reliably.

2.3

Pensions

Defined benefit pension scheme

The Company operates the NHS pension scheme for its employees. This is a defined benefit scheme with fixed percentage contributions payable by the Company based on the employees' salary levels. Once the contributions have been paid the Company has no further payment obligations.

The contributions are recognised as an expense in profit or loss when they fall due. Amounts not paid are shown in accruals as a liability in the Balance sheet. The assets of the plan are held separately from the Company in independently administered funds.

Page 2

TOWNSHIPS 2 LTD

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2025

2.Accounting policies (continued)

2.4

Creditors

Short-term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

Employees

The average monthly number of employees, including directors, during the year was 14 (2024 - 11).

4.	Creditors: Amounts falling due within one year
		2025	2024
		£	£

Trade creditors	13,917	21,994
Amounts owed to PCN	1,000	-
Accruals and deferred income	5,892	2,199
	20,809	24,193

Page 3

TOWNSHIPS 2 LTD

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2025

5.	Pension commitments

The Company operates a defined benefit pension scheme.

Past and present employees are covered by the provisions of the NHS Pensions Scheme. Details of the benefits payable under these provisions can be found on the NHS Pensions website at www.nhsbsa.nhs.uk/pensions. The scheme is an unfunded, defined benefit scheme that covers NHS employers, GP practices and other bodies, allowed under the direction of the Secretary of State, in England and Wales.
The scheme is not designed to be run in a way that would enable NHS bodies to identify their share of the underlying scheme assets and liabilities. Therefore, the scheme is accounted for as if it were a defined contribution scheme: the cost to the NHS Body of participating in the scheme is taken as equal to the contributions payable to the scheme for the accounting period.
The pension cost charge represents contributions payable by the company to the fund and amounted to £99,358 (2024 - £69,020). Contributions totalling £9,935 (2024 - £7,126) were payable to the fund at the balance sheet date and are included in creditors.

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