Torst Ventures Limited - Accounts to registrar (filleted) - small 18.2

Torst Ventures Limited

Financial Statements for the Year Ended 31 December 2020

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTORS:

Mr R L Greer

Ms N A Werner

SECRETARY:

Ms N A Werner

REGISTERED OFFICE:

Red Sky House

Fairclough Hall, Halls Green

Weston

Hitchin

Hertfordshire

SG4 7DP

REGISTERED NUMBER:

07851846 (England and Wales)

ACCOUNTANTS:

Hargreaves Owen Ltd

Chartered Certified Accountants

Red Sky House

Fairclough Hall, Halls Green

Weston

Hertfordshire

SG4 7DP

CURRENT ASSETS

Stocks

494,384

494,384

Debtors

5

19,001

19,043

Cash at bank

2,834

1,337

516,219

514,764

CREDITORS

Amounts falling due within one year

6

61,411

636,908

NET CURRENT ASSETS/(LIABILITIES)

454,808

(122,144

)

TOTAL ASSETS LESS CURRENT LIABILITIES

454,808

(122,144

)

CAPITAL AND RESERVES

Called up share capital

100

100

Retained earnings

454,708

(122,244

)

SHAREHOLDERS' FUNDS

454,808

(122,144

)

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2020.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 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 10 July 2021 and were signed on its behalf by:

Mr R L Greer - Director

1.	STATUTORY INFORMATION

Torst Ventures 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.

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

-

25% on cost

Motor vehicles

-

25% on cost

Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

3.	EMPLOYEES AND DIRECTORS

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

4.	TANGIBLE FIXED ASSETS

Plant and

Motor

machinery

vehicles

Totals

£

£

£

COST

At 1 January 2020

and 31 December 2020

8,625

3,995

12,620

DEPRECIATION

At 1 January 2020

and 31 December 2020

8,625

3,995

12,620

NET BOOK VALUE

At 31 December 2020

-

-

-

At 31 December 2019

-

-

-

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2020

2019

£

£

Other debtors

19,001

19,001

VAT

-

42

19,001

19,043

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2020

2019

£

£

Other creditors

-

580,277

Directors' current accounts

59,557

55,062

Accrued expenses

1,854

1,569

61,411

636,908