Timpson Sol Limited - Limited company accounts 20.1

Timpson Sol Limited - Limited company accounts 20.1

TIMPSON SOL LIMITED - Company Information

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REGISTERED NUMBER: 06632216 (England and Wales)















TIMPSON SOL LIMITED

DIRECTORS' REPORT AND

UNAUDITED FINANCIAL STATEMENTS

FOR THE PERIOD 29 SEPTEMBER 2019 TO 26 SEPTEMBER 2020






TIMPSON SOL LIMITED (REGISTERED NUMBER: 06632216)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE PERIOD 29 SEPTEMBER 2019 TO 26 SEPTEMBER 2020




Page

Company Information 1

Directors' Report 2

Income Statement 3

Balance Sheet 4

Notes to the Financial Statements 5


TIMPSON SOL LIMITED

COMPANY INFORMATION
FOR THE PERIOD 29 SEPTEMBER 2019 TO 26 SEPTEMBER 2020







DIRECTORS: W J Timpson
P Majithia





SECRETARY: P Majithia





REGISTERED OFFICE: Timpson House
Claverton Road
Wythenshawe
Manchester
M23 9TT





REGISTERED NUMBER: 06632216 (England and Wales)





Page 1
TIMPSON SOL LIMITED (REGISTERED NUMBER: 06632216)

DIRECTORS' REPORT
FOR THE PERIOD 29 SEPTEMBER 2019 TO 26 SEPTEMBER 2020

The directors present their report with the financial statements of the company for the period 29 September 2019 to 26 September 2020.

PRINCIPAL ACTIVITY
The company exists to own Timpson House, the group property, for which it receives rental income from Timpson
Limited.
The directors expect the general level of activity to continue.

DIRECTORS
The directors shown below have held office during the whole of the period from 29 September 2019 to the date of this
report.

W J Timpson
P Majithia

This report has been prepared in accordance with the provisions of Part 15 of the Companies Act 2006 relating to small
companies.

ON BEHALF OF THE BOARD:





P Majithia - Director


29 March 2021

Page 2
TIMPSON SOL LIMITED (REGISTERED NUMBER: 06632216)

INCOME STATEMENT
FOR THE PERIOD 29 SEPTEMBER 2019 TO 26 SEPTEMBER 2020

Period Period
29.9.19 1.10.18
to to
26.9.20 28.9.19
Notes £    £   

TURNOVER 220,148 220,148

Administrative expenses 53,248 53,248
OPERATING PROFIT 4 166,900 166,900

Interest receivable and similar income 1,626 2,970
PROFIT BEFORE TAXATION 168,526 169,870

Tax on profit - 38,623
PROFIT FOR THE FINANCIAL PERIOD 168,526 131,247

The notes form part of these financial statements

Page 3
TIMPSON SOL LIMITED (REGISTERED NUMBER: 06632216)

BALANCE SHEET
26 SEPTEMBER 2020

2020 2019
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 5 2,032,299 2,085,547

CURRENT ASSETS
Debtors 6 1 1
Cash in hand 56,691 244,221
56,692 244,222
CREDITORS
Amounts falling due within one year 7 726,009 1,135,313
NET CURRENT LIABILITIES (669,317 ) (891,091 )
TOTAL ASSETS LESS CURRENT
LIABILITIES
1,362,982
1,194,456

CAPITAL AND RESERVES
Called up share capital 1 1
Retained earnings 1,362,981 1,194,455
SHAREHOLDERS' FUNDS 1,362,982 1,194,456

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the period ended 26 September 2020.

The members have not required the company to obtain an audit of its financial statements for the period ended 26 September 2020 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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 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 29 March 2021 and were
signed on its behalf by:





P Majithia - Director


The notes form part of these financial statements

Page 4
TIMPSON SOL LIMITED (REGISTERED NUMBER: 06632216)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD 29 SEPTEMBER 2019 TO 26 SEPTEMBER 2020

1. STATUTORY INFORMATION

Timpson Sol Limited 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 the cost less estimated residual value of each asset over its estimated useful life.
Land and buildings - Straight line over 50 years

3. EMPLOYEES AND DIRECTORS

The average number of employees during the period was NIL (2019 - NIL).

4. OPERATING PROFIT

The operating profit is stated after charging:

Period Period
29.9.19 1.10.18
to to
26.9.20 28.9.19
£    £   
Depreciation - owned assets 53,248 53,248

5. TANGIBLE FIXED ASSETS
Land and
buildings
£   
COST
At 29 September 2019
and 26 September 2020 2,662,400
DEPRECIATION
At 29 September 2019 576,853
Charge for period 53,248
At 26 September 2020 630,101
NET BOOK VALUE
At 26 September 2020 2,032,299
At 28 September 2019 2,085,547

Page 5
TIMPSON SOL LIMITED (REGISTERED NUMBER: 06632216)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE PERIOD 29 SEPTEMBER 2019 TO 26 SEPTEMBER 2020

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2020 2019
£    £   
Other debtors 1 1

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2020 2019
£    £   
Amounts owed to group undertakings 726,007 1,115,000
Taxation and social security 2 20,313
726,009 1,135,313

Page 6