Company registration number 01869344 (England and Wales)
TURNERS OF SEDGEFIELD LIMITED
UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2025
PAGES FOR FILING WITH REGISTRAR
TURNERS OF SEDGEFIELD LIMITED
CONTENTS
Page
Statement of financial position
1
Notes to the financial statements
2 - 3
TURNERS OF SEDGEFIELD LIMITED
STATEMENT OF FINANCIAL POSITION
AS AT
30 JUNE 2025
30 June 2025
- 1 -
2025
2024
Notes
£
£
£
£
Fixed assets
Investment property
3
126,609
126,609
Current assets
Debtors
4
1,570
958
Cash at bank and in hand
72,554
37,949
74,124
38,907
Creditors: amounts falling due within one year
5
(673,351)
(673,453)
Net current liabilities
(599,227)
(634,546)
Net liabilities
(472,618)
(507,937)
Capital and reserves
Called up share capital
10,000
10,000
Revaluation reserve
6
126,609
126,609
Profit and loss reserves
(609,227)
(644,546)
Total equity
(472,618)
(507,937)

The directors of the company have elected not to include a copy of the income statement within the financial statements.true

For the financial year ended 30 June 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

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.

T he members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476.

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

The financial statements were approved by the board of directors and authorised for issue on 1 March 2026 and are signed on its behalf by:
Mr G Turner
Miss Z Turner
Director
Director
Company registration number 01869344 (England and Wales)
TURNERS OF SEDGEFIELD LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2025
- 2 -
1
Accounting policies
Company information

Turners of Sedgefield Limited is a private company limited by shares incorporated in England and Wales. The registered office is Banks Road, Darlington, Co Durham, DL1 1YF.

1.1
Accounting convention

These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. 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 financial statements are prepared in sterling, which is the functional currency of the company. Monetary a mounts in these financial statements are rounded to the nearest £.

The financial statements have been prepared under the historical cost convention. The principal accounting policies adopted are set out below.

1.2
Going concern

At 30th June 2025 the company has net liabilities of £472,618. The company is currently trading profitably and the directors expect this to continue for the foreseeable future. The majority of the liabilities of the company are owed to directors who will not seek to recover the amounts owed until the company has adequate resources to repay the debt. The directors will also cover any other short term liabilities as they fall due. On this basis the directors believe the company is a going concern.true

1.3
Tangible fixed assets

Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses.

Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:

The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to profit or loss.

1.4
Investment property

Investment property, which is property held to earn rentals and/or for capital appreciation, is initially recognised at cost, which includes the purchase cost and any directly attributable expenditure. Subsequently it is measured at fair value a t the reporting end date. Changes in fair value are recognised in profit or loss.

1.5
Financial instruments

The company has elected to apply the provisions of Section 11 ‘Basic Financial Instruments’ and Section 12 ‘Other Financial Instruments Issues’ of FRS 102 to all of its financial instruments.

Financial instruments are recognised in the company's statement of financial position when the company becomes party to the contractual provisions of the instrument.

1.6
Leases

Rental income from operating leases is recognised on a straight line basis over the term of the relevant lease.

TURNERS OF SEDGEFIELD LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 30 JUNE 2025
- 3 -
2
Employees

The average monthly number of persons (including directors) employed by the company during the year was:

2025
2024
Number
Number
Total
3
3
3
Investment property
2025
£
Fair value
At 1 July 2024 and 30 June 2025
126,609
4
Debtors
2025
2024
Amounts falling due within one year:
£
£
Prepayments and accrued income
1,570
958
5
Creditors: amounts falling due within one year
2025
2024
£
£
Taxation and social security
183,173
183,173
Other creditors
480,818
480,560
Accruals and deferred income
9,360
9,720
673,351
673,453
6
Revaluation reserve
2025
2024
£
£
At the beginning of the year
126,609
-
0
Revaluation surplus arising in the year
-
0
126,609
At the end of the year
126,609
126,609
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