Towngranges Limited Filleted accounts for Companies House (small and micro)

TOWNGRANGES LIMITED - Company Information

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COMPANY REGISTRATION NUMBER: 1443750

TOWNGRANGES LIMITED

FILLETED UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED

31 December 2022

TOWNGRANGES LIMITED

STATEMENT OF FINANCIAL POSITION

31 December 2022

	2022		2021
Note	£	£	£

FIXED ASSETS

Tangible assets	5		5,721	5,721

CURRENT ASSETS

Debtors	6	5,500	–
Cash at bank and in hand		25,828	23,104
		--------	--------
		31,328	23,104

CREDITORS: amounts falling due within one year	8	1,571		1,093
		--------		--------
NET CURRENT ASSETS			29,757	22,011
			--------	--------
TOTAL ASSETS LESS CURRENT LIABILITIES			35,478	27,732
			--------	--------
NET ASSETS			35,478	27,732
			--------	--------

CAPITAL AND RESERVES

Called up share capital	11	11
Profit and loss account	35,467	27,721
	--------	--------
SHAREHOLDERS FUNDS	35,478	27,732
	--------	--------

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 31 December 2022 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' 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 directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .

TOWNGRANGES LIMITED

STATEMENT OF FINANCIAL POSITION (continued)

31 December 2022

These financial statements were approved by the board of directors and authorised for issue on 8 March 2023 , and are signed on behalf of the board by:

Mrs S A Tanner	Mrs K Knowles
Director	Director

Company registration number: 1443750

TOWNGRANGES LIMITED

NOTES TO THE FINANCIAL STATEMENTS

YEAR ENDED 31 DECEMBER 2022

1. GENERAL INFORMATION

The company is a private company limited by shares, registered in England and Wales. The address of the registered office is 11 Walmgate, York, YO1 9TX.

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

(a) Basis of preparation

The financial statements have been prepared on the historical cost basis. The financial statements are prepared in sterling, which is the functional currency of the entity.

(b) Revenue recognition

The turnover shown in the Statement of Income and Retained Earnings represents the amount derived from ordinary activities.

The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in profit or loss, except to the extent that it relates to items recognised in other comprehensive income or directly in equity. In this case, tax is recognised in other comprehensive income or directly in equity, respectively. Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.

Deferred tax is recognised in respect of all timing differences at the reporting date. Unrelieved tax losses and other deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date that are expected to apply to the reversal of the timing difference.

(d) Tangible assets

Freehold land is stated at cost and no provision is made to write off that cost over the estimated useful life of the asset.

(e) Financial instruments

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the entity after deducting all of its financial liabilities .

4. EMPLOYEE NUMBERS

The average number of persons employed by the company during the year amounted to 5 (2020: 5).

5. TANGIBLE ASSETS

	Freehold property
	£
Cost
At 1 January 2022 and 31 December 2022	5,721
	-------
Depreciation
At 1 January 2022 and 31 December 2022	–
	-------
Carrying amount
At 31 December 2022	5,721
	-------
At 31 December 2021	5,721
	-------

6. DEBTORS

	2022	2021
	£	£
Trade debtors	5,500	–
	-------	----

7. CASH AT BANK

£9,863 of the bank account funds are held in trust by Mulberry PM Limited in their clients account.

8. CREDITORS: amounts falling due within one year

	2022	2021
	£	£
Trade creditors	337	106
Corporation tax	2	–
Other creditors	1,232	987
	-------	-------
	1,571	1,093
	-------	-------