Terry Developments Ltd - Accounts to registrar (filleted) - small 18.2
Terry Developments Ltd - Accounts to registrar (filleted) - small 18.2
| REGISTERED NUMBER: |
| Unaudited Financial Statements for the Year Ended 31st August 2021 |
| for |
| TERRY DEVELOPMENTS LTD |
| TERRY DEVELOPMENTS LTD (REGISTERED NUMBER: 11536475) |
| Contents of the Financial Statements |
| for the Year Ended 31st August 2021 |
| Page |
| Company Information | 1 |
| Balance Sheet | 2 |
| Notes to the Financial Statements | 4 |
| Chartered Accountants' Report | 9 |
| TERRY DEVELOPMENTS LTD |
| Company Information |
| for the Year Ended 31st August 2021 |
| DIRECTOR: |
| REGISTERED OFFICE: |
| REGISTERED NUMBER: |
| ACCOUNTANTS: |
| 4 Clews Road |
| Redditch |
| Worcestershire |
| B98 7ST |
| TERRY DEVELOPMENTS LTD (REGISTERED NUMBER: 11536475) |
| Balance Sheet |
| 31st August 2021 |
| 2021 | 2020 |
| Notes | £ | £ | £ | £ |
| FIXED ASSETS |
| Tangible assets | 4 |
| Investments | 5 |
| Investment property | 6 |
| CURRENT ASSETS |
| Debtors | 7 |
| Cash at bank |
| CREDITORS |
| Amounts falling due within one year | 8 |
| NET CURRENT LIABILITIES | ( |
) | ( |
) |
| TOTAL ASSETS LESS CURRENT LIABILITIES |
| CREDITORS |
| Amounts falling due after more than one year |
9 |
( |
) |
( |
) |
| PROVISIONS FOR LIABILITIES | 11 | ( |
) | ( |
) |
| NET ASSETS |
| CAPITAL AND RESERVES |
| Called up share capital | 12 |
| Fair value reserve | 13 |
| Retained earnings | ( |
) |
| SHAREHOLDERS' FUNDS |
| 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. |
| TERRY DEVELOPMENTS LTD (REGISTERED NUMBER: 11536475) |
| Balance Sheet - continued |
| 31st August 2021 |
| 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 and authorised for issue on |
| TERRY DEVELOPMENTS LTD (REGISTERED NUMBER: 11536475) |
| Notes to the Financial Statements |
| for the Year Ended 31st August 2021 |
| 1. | STATUTORY INFORMATION |
| Terry Developments Ltd is a |
| 2. | ACCOUNTING POLICIES |
| Basis of preparing the financial statements |
| 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 |
| Investments in subsidiaries |
| Investments in subsidiary undertakings are recognised at cost. |
| 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. |
| 3. | EMPLOYEES AND DIRECTORS |
| The average number of employees during the year was |
| TERRY DEVELOPMENTS LTD (REGISTERED NUMBER: 11536475) |
| Notes to the Financial Statements - continued |
| for the Year Ended 31st August 2021 |
| 4. | TANGIBLE FIXED ASSETS |
| Plant and |
| machinery |
| etc |
| £ |
| COST |
| At 1st September 2020 |
| and 31st August 2021 |
| DEPRECIATION |
| At 1st September 2020 |
| Charge for year |
| At 31st August 2021 |
| NET BOOK VALUE |
| At 31st August 2021 |
| At 31st August 2020 |
| 5. | FIXED ASSET INVESTMENTS |
| Shares in |
| group |
| undertakings |
| £ |
| COST |
| Additions |
| At 31st August 2021 |
| NET BOOK VALUE |
| At 31st August 2021 |
| The company's investments at the Balance Sheet date in the share capital of companies include the following: |
| Registered office: Churchfield House, 36 Vicar Street, Dudley, West Midlands, DY2 8RG |
| Nature of business: |
| % |
| Class of shares: | holding |
| £ |
| Aggregate capital and reserves |
| Profit for the year |
| TERRY DEVELOPMENTS LTD (REGISTERED NUMBER: 11536475) |
| Notes to the Financial Statements - continued |
| for the Year Ended 31st August 2021 |
| 6. | INVESTMENT PROPERTY |
| Total |
| £ |
| FAIR VALUE |
| At 1st September 2020 |
| and 31st August 2021 |
| NET BOOK VALUE |
| At 31st August 2021 |
| At 31st August 2020 |
| Fair value at 31st August 2021 is represented by: |
| £ |
| Valuation in 2021 | 3,200,000 |
| 7. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
| 2021 | 2020 |
| £ | £ |
| Other debtors |
| 8. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
| 2021 | 2020 |
| £ | £ |
| Bank loans and overdrafts (see note 10) |
| Trade creditors |
| Tax |
| Other creditors |
| Accrued expenses |
| 9. | CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR |
| 2021 | 2020 |
| £ | £ |
| Bank loans (see note 10) |
| Amounts falling due in more than five years: |
| Repayable by instalments |
| Bank loans more 5 yr by instal | 3,603,716 | 1,865,192 |
| TERRY DEVELOPMENTS LTD (REGISTERED NUMBER: 11536475) |
| Notes to the Financial Statements - continued |
| for the Year Ended 31st August 2021 |
| 10. | LOANS |
| An analysis of the maturity of loans is given below: |
| 2021 | 2020 |
| £ | £ |
| Amounts falling due within one year or on demand: |
| Bank loans |
| Amounts falling due between one and two years: |
| Bank loans - 1-2 years |
| Amounts falling due between two and five years: |
| Bank loans - 2-5 years |
| Amounts falling due in more than five years: |
| Repayable by instalments |
| Bank loans more 5 yr by instal | 3,603,716 | 1,865,192 |
| 11. | PROVISIONS FOR LIABILITIES |
| 2021 | 2020 |
| £ | £ |
| Deferred tax |
| Accelerated capital allowances |
| Tax losses carried forward | ( |
) |
| Other timing differences | 201,561 | 201,561 |
| 201,644 | 191,604 |
| Deferred |
| tax |
| £ |
| Balance at 1st September 2020 |
| Charge to Income Statement during year |
| Balance at 31st August 2021 |
| TERRY DEVELOPMENTS LTD (REGISTERED NUMBER: 11536475) |
| Notes to the Financial Statements - continued |
| for the Year Ended 31st August 2021 |
| 12. | CALLED UP SHARE CAPITAL |
| Allotted, issued and fully paid: |
| Number: | Class: | Nominal | 2021 | 2020 |
| value: | £ | £ |
| Ordinary A | £1 | 100 | 100 |
| Ordinary B | £1 | 100 | 100 |
| 200 | 200 |
| 13. | RESERVES |
| Fair |
| value |
| reserve |
| £ |
| At 1st September 2020 |
| and 31st August 2021 |
| Chartered Accountants' Report to the Director |
| on the Unaudited Financial Statements of |
| Terry Developments Ltd |
| The following reproduces the text of the report prepared for the director in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Director are not required to be filed with the Registrar of Companies. |
| In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Terry Developments Ltd for the year ended 31st August 2021 which comprise the Income Statement, Balance Sheet and the related notes from the company's accounting records and from information and explanations you have given us. |
| As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance. |
| This report is made solely to the director of Terry Developments Ltd in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Terry Developments Ltd and state those matters that we have agreed to state to the director of Terry Developments Ltd in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Terry Developments Ltd and its director for our work or for this report. |
| It is your duty to ensure that Terry Developments Ltd has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Terry Developments Ltd. You consider that Terry Developments Ltd is exempt from the statutory audit requirement for the year. |
| We have not been instructed to carry out an audit or a review of the financial statements of Terry Developments Ltd. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements. |
| 4 Clews Road |
| Redditch |
| Worcestershire |
| B98 7ST |