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

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

TORST VENTURES LIMITED - Company Information

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Torst Ventures Limited

Financial Statements for the Year Ended 31 December 2021






Torst Ventures Limited (Registered number: 07851846)






Contents of the Financial Statements
for the year ended 31 December 2021




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


Torst Ventures Limited

Company Information
for the year ended 31 December 2021







DIRECTORS: Mr R L Greer
Mrs N A Greer





SECRETARY: Mrs N A Greer





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
Page 1
Torst Ventures Limited (Registered number: 07851846)

Balance Sheet
31 December 2021

2021 2020
Notes £    £   
CURRENT ASSETS
Stocks 494,384 494,384
Debtors 5 19,001 19,001
Cash at bank 1,777 2,834
515,162 516,219
CREDITORS
Amounts falling due within one year 6 58,298 61,411
NET CURRENT ASSETS 456,864 454,808
TOTAL ASSETS LESS CURRENT
LIABILITIES
456,864
454,808

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 456,764 454,708
SHAREHOLDERS' FUNDS 456,864 454,808

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2021.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2021 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 14 March 2022 and were signed on its behalf by:





Mrs N A Greer - Director


The notes form part of these financial statements

Page 2
Torst Ventures Limited (Registered number: 07851846)

Notes to the Financial Statements
for the year ended 31 December 2021

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 (2020 - NIL).

4. TANGIBLE FIXED ASSETS
Plant and Motor
machinery vehicles Totals
£    £    £   
COST
At 1 January 2021
and 31 December 2021 8,625 3,995 12,620
DEPRECIATION
At 1 January 2021
and 31 December 2021 8,625 3,995 12,620
NET BOOK VALUE
At 31 December 2021 - - -
At 31 December 2020 - - -

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2021 2020
£    £   
Other debtors 19,001 19,001

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2021 2020
£    £   
Directors' current accounts 57,098 59,557
Accrued expenses 1,200 1,854
58,298 61,411

Page 3