Title Challenge Limited,Ltd - AccountsLtd - Accounts

Title Challenge Limited,Ltd - AccountsLtd - Accounts


2018-11-01 09839015 2019-10-31 09839015 2018-11-01 2019-10-31 09839015 2018-10-31 09839015 2017-11-01 2018-10-31 09839015 uk-core:WithinOneYear 2018-10-31 09839015 uk-core:WithinOneYear 2019-10-31 09839015 uk-core:ShareCapital 2019-10-31 09839015 uk-core:ShareCapital 2018-10-31 09839015 uk-core:RetainedEarningsAccumulatedLosses 2019-10-31 09839015 uk-core:RetainedEarningsAccumulatedLosses 2018-10-31 09839015 uk-bus:Director1 2018-11-01 2019-10-31 iso4217:GBP xbrli:pure 09839015 uk-bus:AuditExemptWithAccountantsReport 2018-11-01 2019-10-31 09839015 uk-bus:FRS102 2018-11-01 2019-10-31 09839015 uk-bus:FullAccounts 2018-11-01 2019-10-31 09839015 uk-bus:PrivateLimitedCompanyLtd 2018-11-01 2019-10-31
Title Challenge Limited
Registered Number:09839015
For the year ended 31 October 2019
England and Wales
Unaudited Financial Statements
2
For the year ended 31 October 2019
Title Challenge Limited
Contents Page
1
Statement of Financial Position
2 to 3
Notes to the Financial Statements
3
As at 31 October 2019
Title Challenge Limited
Statement of Financial Position
Registered Number :
09839015
£
£
2018
2019
Notes
Current assets
1
Cash and cash equivalents
116
116
1
Trade and other payables: amounts falling due within one year
(7,046)
(14,066)
2
(7,045)
(13,950)
Net current liabilities
Total assets less current liabilities
(13,950)
(7,045)
(13,950)
Net liabilities
(7,045)
Capital and reserves
Called up share capital
2
2
Retained earnings
(13,952)
(7,047)
(13,950)
(7,045)
Shareholders' funds
For the year ended 31 October 2019 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 of its financial statements for the year ended 31 October 2019 in accordance with Section 476 of the Companies Act 2006
The director acknowledges his responsibilities for:a) ensuring that the company keeps proper 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 Section 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.
In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.
The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
Mr Wilkin Summerscales Director
These financial statements were approved and authorised for issue by the Board on 29 July 2020 and were signed by:
The notes form part of these financial statements
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4
For the year ended 31 October 2019
Title Challenge Limited
Notes to the Financial Statements
Statutory Information
Title Challenge Limited is a private limited company, limited by shares, domiciled in England and Wales, registration number
09839015.
Registered address:
1 Bridge House
Harrow Road
Bolton
England
BL1 4NH
The presentation currency is £ sterling.
1. Accounting policies
Basis of preparing the financial statements
These financial statements have been prepared in accordance with the provisions of Section 1A of Financial Reporting Standard
102 ''The Financial Reporting Standard applicable in the UK and Republic of Ireland'' and the Companies Act 2006. The
financial statements have been prepared under the historical costs convention as modified by the revaluation of certain assets.
Revenue recognition
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax or other similar sales taxes.
Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the Statement of Financial Position 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 the financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and 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 not be recovered against the reversal of deferred tax liabilities or other future taxable profits.
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 rates and laws that have been enacted or substantively enacted
by the Statement of Financial Position date.
Going Concern
Shareholders have indicated a willingness to continue to support the company for at least the next 12 months. Subject to the
support the company will continue to trade.
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5
For the year ended 31 October 2019
Title Challenge Limited
Notes to the Financial Statements Continued
2. Trade and other payables: amounts falling due within one year
2018
2019
£
£
Taxation and social security
286
-
Other creditors
13,780
7,046
14,066
7,046
3. Average number of persons employed
During the year the average number of employees was 1
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