Time Retail Partners Limited Filleted accounts for Companies House (small and micro)
Time Retail Partners Limited Filleted accounts for Companies House (small and micro)
COMPANY REGISTRATION NUMBER:
09404025
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Chartered Accountants Report to the Board of Directors on the Preparation of the Unaudited Statutory Financial Statements of
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Year ended 28 February 2021
Unit C, Regent House
9 Crown Square
Poundbury
Dorset
DT1 3DY
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Statement of Financial Position |
2021 |
2020 |
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Note |
£ |
£ |
£ |
Fixed assets
Tangible assets |
5 |
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Current assets
Debtors |
6 |
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Cash at bank and in hand |
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--------- |
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Creditors: amounts falling due within one year |
7 |
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Net current assets |
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--------- |
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Total assets less current liabilities |
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Creditors: amounts falling due after more than one year |
8 |
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– |
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Provisions
Taxation including deferred tax |
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Net assets |
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Statement of Financial Position (continued) |
2021 |
2020 |
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Note |
£ |
£ |
£ |
Capital and reserves
Called up share capital |
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Profit and loss account |
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Shareholders funds |
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In accordance with section 444 of the Companies Act 2006, the statement of comprehensive income has not been delivered.
Directors' responsibilities:
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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
;
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The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements
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These financial statements were approved by the
board of directors
and authorised for issue on
27 September 2021
, and are signed on behalf of the board by:
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Director |
Director |
Company registration number:
09404025
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Notes to the Financial Statements |
Year ended 28 February 2021
1.
General information
The company is a private company limited by shares, registered in England and Wales. The address of the registered office is Regent House, 9 Crown Square, Poundbury, Dorchester, Dorset, DT1 3DY.
2.
Statement of compliance
3.
Accounting policies
Basis of preparation
Revenue recognition
Income tax
Foreign currencies
Tangible assets
Depreciation
Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:
Leasehold improvements |
- |
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Fixtures & fittings |
- |
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Computer equipment |
- |
3 Years straight line
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Impairment of fixed assets
A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date. For the purposes of impairment testing, when it is not possible to estimate the recoverable amount of an individual asset, an estimate is made of the recoverable amount of the cash-generating unit to which the asset belongs. The cash-generating unit is the smallest identifiable group of assets that includes the asset and generates cash inflows that largely independent of the cash inflows from other assets or groups of assets. For impairment testing of goodwill, the goodwill acquired in a business combination is, from the acquisition date, allocated to each of the cash-generating units that are expected to benefit from the synergies of the combination, irrespective of whether other assets or liabilities of the company are assigned to those units.
Provisions
Defined contribution plans
4.
Employee numbers
The average number of persons employed by the company during the year amounted to
15
(2020:
15
).
5.
Tangible assets
Leasehold Improvements |
Fixtures and fittings |
Computer Equipment |
Total |
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£ |
£ |
£ |
£ |
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Cost |
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At 1 March 2020 |
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Additions |
– |
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At 28 February 2021 |
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Depreciation |
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At 1 March 2020 |
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Charge for the year |
– |
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-------- |
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At 28 February 2021 |
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Carrying amount |
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At 28 February 2021 |
– |
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At 29 February 2020 |
– |
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6.
Debtors
2021 |
2020 |
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£ |
£ |
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Trade debtors |
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Other debtors |
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7.
Creditors:
amounts falling due within one year
2021 |
2020 |
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£ |
£ |
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Trade creditors |
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Corporation tax |
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Social security and other taxes |
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Other creditors - directors current accounts |
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Other creditors |
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8.
Creditors:
amounts falling due after more than one year
2021 |
2020 |
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£ |
£ |
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Bank loans and overdrafts |
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– |
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9.
Directors' advances, credits and guarantees
During the year the directors entered into the following advances and credits with the company:
2021 |
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Balance brought forward |
Advances/ (credits) to the directors |
Balance outstanding |
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£ |
£ |
£ |
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– |
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– |
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– |
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– |
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2020 |
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Balance brought forward |
Advances/ (credits) to the directors |
Balance outstanding |
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£ |
£ |
£ |
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– |
– |
– |
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– |
– |
– |
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– |
– |
– |
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– |
– |
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10.
Related party transactions
The company was under the control of Mr R B N Wingrave, Mr D O'Shea and Mr M Cassell throughout the current period. Mr Wingrave, Mr O'Shea and Mr Cassell are company directors and majority shareholders.