Titan Success Ltd - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 04307454 (England and Wales)

Unaudited Financial Statements

for the Year Ended 31 January 2019

for

Titan Success Ltd

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTOR:

M D Bettison

SECRETARY:

Ms L Bochkoltz

REGISTERED OFFICE:

Franor Ballinger Road

South Heath

Buckinghamshire

HP16 9QJ

REGISTERED NUMBER:

04307454 (England and Wales)

ACCOUNTANTS:

SJD Accountancy

Plaza 8

KD Tower

Cotterells

Hemel Hempstead

Herts

HP1 1FW

FIXED ASSETS

Tangible assets

4

143

191

Investment property

5

-

162,489

143

162,680

CURRENT ASSETS

Debtors

6

13,970

14,404

Cash at bank

71,906

57,079

85,876

71,483

CREDITORS

Amounts falling due within one year

7

34,920

35,744

NET CURRENT ASSETS

50,956

35,739

TOTAL ASSETS LESS CURRENT LIABILITIES

51,099

198,419

CREDITORS

Amounts falling due after more than one year

8

-

142,291

NET ASSETS

51,099

56,128

CAPITAL AND RESERVES

Called up share capital

1

1

Retained earnings

51,098

56,127

SHAREHOLDERS' FUNDS

51,099

56,128

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 January 2019.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 January 2019 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for:

(a)	ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and

(b)

preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

The financial statements have been prepared and delivered in accordance with the provisions of Part 15 of the Companies Act 2006 relating to small companies.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the director on 31 October 2019 and were signed by:

M D Bettison - Director

1.	STATUTORY INFORMATION

Titan Success Ltd is a private company, limited by shares , registered in England and Wales. The

company's registered number and registered office address can be found on the Company Information

page.

2.	ACCOUNTING POLICIES

Basis of preparing the financial statements

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

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts,

rebates, value added tax and other sales taxes.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Plant and machinery etc

-

25% on reducing balance

Investment property

Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from

changes in fair value is recognised in profit or loss.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement,

except to the extent that it relates to items recognised in other comprehensive income or directly in

equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been

enacted or substantively enacted by the balance sheet date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at

the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods

different from those in which they are recognised in financial statements. Deferred tax is measured

using tax rates and laws that have been enacted or substantively enacted by the year end and that are

expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable

that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Pension costs and other post-retirement benefits

The company operates a defined contribution pension scheme. Contributions payable to the

company's pension scheme are charged to profit or loss in the period to which they relate.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was NIL (2018 - 1 ).

4.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1 February 2018

and 31 January 2019

1,923

DEPRECIATION

At 1 February 2018

1,732

Charge for year

48

At 31 January 2019

1,780

NET BOOK VALUE

At 31 January 2019

143

At 31 January 2018

191

5.	INVESTMENT PROPERTY

Total

£

FAIR VALUE

At 1 February 2018

162,489

Disposals

(162,489

)

At 31 January 2019

-

NET BOOK VALUE

At 31 January 2019

-

At 31 January 2018

162,489

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.1.19

31.1.18

£

£

Trade debtors

13,970

13,860

Other debtors

-

544

13,970

14,404

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.1.19

31.1.18

£

£

Trade creditors

-

1

Taxation and social security

32,265

21,065

Other creditors

2,655

14,678

34,920

35,744

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31.1.19

31.1.18

£

£

Other creditors

-

142,291