Temple Developments Limited - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 07022838 (England and Wales)

Financial Statements for the Year Ended 30 September 2020

for

Temple Developments Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

R A Abel

N P L Simms

SECRETARY:

C I H Abel

REGISTERED OFFICE:

Parkwood House

Sandy Lane

Abbots Leigh

Bristol

BS8 3SF

REGISTERED NUMBER:

07022838 (England and Wales)

ACCOUNTANTS:

Swallow Accountancy Limited

117

Filwood Green Business Park

1 Filwood Park Lane

Bristol

BS4 1ET

CURRENT ASSETS

Debtors

5

143,397

136,183

Cash at bank

36,213

238,698

179,610

374,881

CREDITORS

Amounts falling due within one year

6

24,217

192,790

NET CURRENT ASSETS

155,393

182,091

TOTAL ASSETS LESS CURRENT LIABILITIES

155,393

182,091

CAPITAL AND RESERVES

Called up share capital

100

100

Retained earnings

155,293

181,991

SHAREHOLDERS' FUNDS

155,393

182,091

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 September 2020.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 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 and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

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

The financial statements were approved by the Board of Directors and authorised for issue on 22 June 2021 and were signed on its behalf by:

R A Abel - Director

N P L Simms - Director

1.	STATUTORY INFORMATION

Temple Developments 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 each asset over its estimated useful life.

Plant and machinery etc

-

33% on cost

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.

Hire purchase and leasing commitments

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

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 4 (2019 - 3 ) .

4.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1 October 2019

1,371

Disposals

(1,371

)

At 30 September 2020

-

DEPRECIATION

At 1 October 2019

1,371

Eliminated on disposal

(1,371

)

At 30 September 2020

-

NET BOOK VALUE

At 30 September 2020

-

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30.9.20

30.9.19

£

£

Other debtors

143,397

136,183

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30.9.20

30.9.19

£

£

Trade creditors

-

700

Taxation and social security

(1,477

)

(11,007

)

Other creditors

25,694

203,097

24,217

192,790

7.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 30 September 2020 and 30 September 2019:

30.9.20

30.9.19

£

£

R A Abel

Balance outstanding at start of year

9,467

-

Amounts advanced

32,929

265,754

Amounts repaid

(42,396

)

(256,287

)

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

-

9,467

8.	ULTIMATE CONTROLLING PARTY

The company is controlled by the directors, Mr Richard Alan Abel and Mr Norman Philip Leslie Simms.