Touzel Properties Ltd - Accounts to registrar (filleted) - small 22.3

REGISTERED NUMBER: 12208899 (England and Wales)

Unaudited Financial Statements for the Year Ended 31 December 2022

for

Touzel Properties Ltd

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTORS:

T Touzel

S Touzel

D Touzel

REGISTERED OFFICE:

Unit L

West Quay Road

Southampton

Hampshire

SO15 1GZ

REGISTERED NUMBER:

12208899 (England and Wales)

ACCOUNTANTS:

PD Accountancy Services Ltd

1 Post Office House

184 Bridge Road

Sarisbury Green

Southampton

Hampshire

SO31 7ED

FIXED ASSETS

Tangible assets

4

238,670

238,670

CURRENT ASSETS

Debtors

5

-

300

Cash at bank

49,902

45,169

49,902

45,469

CREDITORS

Amounts falling due within one year

6

265,500

264,660

NET CURRENT LIABILITIES

(215,598

)

(219,191

)

TOTAL ASSETS LESS CURRENT LIABILITIES

23,072

19,479

CAPITAL AND RESERVES

Called up share capital

100

100

Retained earnings

22,972

19,379

SHAREHOLDERS' FUNDS

23,072

19,479

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2022.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2022 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 16 June 2023 and were signed on its behalf by:

T Touzel - Director

D Touzel - Director

S Touzel - Director

1.	STATUTORY INFORMATION

Touzel Properties Ltd 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.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was NIL (2021 - NIL).

4.	TANGIBLE FIXED ASSETS

Freehold

property

£

COST

At 1 January 2022

and 31 December 2022

238,670

NET BOOK VALUE

At 31 December 2022

238,670

At 31 December 2021

238,670

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.22

31.12.21

£

£

Trade debtors

-

300

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.22

31.12.21

£

£

Tax

843

4,335

Directors' current accounts

264,117

259,785

Accrued expenses

540

540

265,500

264,660