Company Registration No. 13508066 (England and Wales)
Tuzon Ltd
Incorporation Accounts
for the period from 13 July 2021 to 31 March 2022
Tuzon Ltd
Incorporation Accounts
Contents
Tuzon Ltd
Company Information
for the period from 13 July 2021 to 31 March 2022
Company Number
13508066 (England and Wales)
Registered Office
Albany House
Claremont Lane
Esher
Surrey
KT10 9FQ
United Kingdom
Accountants
Wellden Turnbull Limited
Albany House
Claremont Lane
Esher
Surrey
KT10 9FQ
Tuzon Ltd
Statement of financial position
as at 31 March 2022
Investment property
1,379,429
Cash at bank and in hand
37,658
Creditors: amounts falling due within one year
(1,398,661)
Net current liabilities
(1,348,046)
Total assets less current liabilities
31,383
Creditors: amounts falling due after more than one year
(19,611)
Called up share capital
10
Profit and loss account
11,762
Shareholders' funds
11,772
For the period ending 31 March 2022 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 4 January 2023 and were signed on its behalf by
JMW Sale
Director
Company Registration No. 13508066
Tuzon Ltd
Notes to the Accounts
for the period from 13 July 2021 to 31 March 2022
Tuzon Ltd is a private company, limited by shares, registered in England and Wales, registration number 13508066. The registered office is Albany House, Claremont Lane, Esher, Surrey, KT10 9FQ, United Kingdom.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
These financial statements for the period from 13 July 2021 to 31 March 2022 are the first financial statements that comply with FRS 102 Section 1A Small Entities. The date of transition is 13 July 2021.
The transition to FRS 102 Section 1A Small Entities has resulted in a small number of changes in accounting policies to those used previously.
The nature of these changes and their impact on opening equity and profit for the comparative period are explained in the notes below.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Investment property is included at market fair value. Gains are recognised in the income statement. Deferred taxation is provided on these gains at the rate expected to apply when the property is sold.
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws.
Deferred tax assets and liabilities are not discounted.
At 31 March 2022
1,379,429
Tuzon Ltd
Notes to the Accounts
for the period from 13 July 2021 to 31 March 2022
Amounts falling due within one year
6
Creditors: amounts falling due within one year
2022
Taxes and social security
5,049
7
Creditors: amounts falling due after more than one year
2022
8
Average number of employees
During the period the average number of employees was 1.
