Terrenus Group Limited Filleted accounts for Companies House (small and micro)

TERRENUS GROUP LIMITED - Company Information

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COMPANY REGISTRATION NUMBER: SC372563

Terrenus Group Limited

Filleted Unaudited Financial Statements

30 November 2021

Terrenus Group Limited

Financial Statements

Year ended 30 November 2021

Contents	Page

Chartered accountants report to the director on the preparation of the unaudited statutory financial statements	1

Statement of financial position	2

Notes to the financial statements	3

Terrenus Group Limited

Chartered Accountants Report to the Director on the Preparation of the Unaudited Statutory Financial Statements of Terrenus Group Limited

Year ended 30 November 2021

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Terrenus Group Limited for the year ended 30 November 2021, which comprise the statement of financial position 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 ICAS, we are subject to its ethical and other professional requirements which are detailed at www.icas.com/accountspreparationguidance. This report is made solely to the director of Terrenus Group Limited. Our work has been undertaken solely to prepare for your approval the financial statements of Terrenus Group Limited and state those matters that we have agreed to state to you in this report in accordance with the requirements of ICAS as detailed at www.icas.com/accountspreparationguidance. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Terrenus Group Limited and its director for our work or for this report.

It is your duty to ensure that Terrenus Group Limited 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 loss of Terrenus Group Limited. You consider that Terrenus Group Limited 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 Terrenus Group Limited. 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.

GILLILAND & COMPANY Chartered Accountants

216 West George Street Glasgow G2 2PQ

18 August 2022

Terrenus Group Limited

Statement of Financial Position

30 November 2021

		2021		2020
Note		£	£	£
Creditors: amounts falling due within one year	4	38,585		32,623
		--------		--------
Net current liabilities			38,585	32,623
			--------	--------
Total assets less current liabilities			( 38,585)	( 32,623)
			--------	--------
Net liabilities			( 38,585)	( 32,623)
			--------	--------

Capital and reserves

Called up share capital	400	400
Profit and loss account	( 38,985)	( 33,023)
	--------	--------
Shareholders deficit	( 38,585)	( 32,623)
	--------	--------

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.

In accordance with section 444 of the Companies Act 2006, the statement of income and retained earnings has not been delivered.

For the year ending 30 November 2021 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

- The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476 ;

- The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .

These financial statements were approved by the board of directors and authorised for issue on 18 August 2022 , and are signed on behalf of the board by:

Mr W E W Hume
Director

Company registration number: SC372563

Terrenus Group Limited

Notes to the Financial Statements

Year ended 30 November 2021

1. General information

The company is a private company limited by shares, registered in Scotland. The address of the registered office is 216 West George Street, Glasgow, G2 2PQ.

2. Statement of compliance

These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.

3. Accounting policies

Basis of preparation

The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.

The financial statements are prepared in sterling, which is the functional currency of the entity.

Cash and cash equivalents

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.

Financial instruments

Financial instruments are classified and accounted for, according to the substance of the contractual arrangement, as either financial assets, financial liabilities or equity instruments. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.

4. Creditors: amounts falling due within one year

	2021	2020
	£	£
Social security and other taxes	29,641	29,641
Other creditors	8,944	2,982
	--------	--------
	38,585	32,623
	--------	--------

5. Related party transactions

As at 30th November 2021 the company owed £6,194 to Terrenus Land & Water Limited (2020: £232). This amount is interest free and has no fixed repayment date.