Torsion Care (Derby) Ltd - Accounts to registrar (filleted) - small 23.2.5

Torsion Care (Derby) Ltd - Accounts to registrar (filleted) - small 23.2.5

TORSION CARE (DERBY) LTD - Company Information

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REGISTERED NUMBER: 12157296 (England and Wales)
















UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2023

FOR

TORSION CARE (DERBY) LTD
TORSION CARE (DERBY) LTD (REGISTERED NUMBER: 12157296)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


TORSION CARE (DERBY) LTD

COMPANY INFORMATION
FOR THE YEAR ENDED 31 MARCH 2023







DIRECTORS: M Hutson
D T Spencer





REGISTERED OFFICE: 1280 Century Way
Thorpe Park
Leeds
LS15 8ZB





REGISTERED NUMBER: 12157296 (England and Wales)





ACCOUNTANTS: Banks Cooper Associates Limited
21 Marina Court
Castle Street
Hull
HU1 1TJ
Page 1
TORSION CARE (DERBY) LTD (REGISTERED NUMBER: 12157296)

BALANCE SHEET
31 MARCH 2023

31.3.23 31.3.22
Notes £    £    £    £   
FIXED ASSETS
Investments 4 100 2,000,000

CURRENT ASSETS
Debtors 5 100 100

CREDITORS
Amounts falling due within one year 6 100 100
NET CURRENT LIABILITIES - -
TOTAL ASSETS LESS CURRENT LIABILITIES 100 2,000,000

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings - 1,999,900
SHAREHOLDERS' FUNDS 100 2,000,000

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2023 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 12 October 2023 and were signed on its behalf by:





M Hutson - Director


The notes form part of these financial statements

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TORSION CARE (DERBY) LTD (REGISTERED NUMBER: 12157296)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023


1. STATUTORY INFORMATION

Torsion Care (Derby) 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.

The presentation currency of the financial statements is the Pound Sterling (£).


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 as modified by the revaluation of certain assets.

Going concern
In making their assessment of going concern, the directors have also considered forecasts for the business and economic factors generally. At the time of approving the financial statements, the directors have a reasonable expectation that the company has adequate resources to continue in operational existence for a period of at least one year from the date of approval. Accordingly, these financial statements have been prepared on the going concern basis.

Frequency of reporting
The company has changed the accounting reference date and the financial statements are presented for the period of 7 months ended 31 March 2022. The change was for commercial reasons and to align the accounting reference dates of the company with other group companies. This means that the prior period figures, for a period from incorporation on 15 August 2019 to 31 August 2020, may not be directly comparable.

Preparation of consolidated financial statements
The financial statements contain information about Torsion Care (Derby) Ltd as an individual company and do not contain consolidated financial information as the parent of a group. The company is exempt under Section 399(2A) of the Companies Act 2006 from the requirements to prepare consolidated financial statements.

Related party exemption
The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group.

Investments in subsidiaries
Interests in subsidiaries are initially measured at cost and subsequently measured at fair value at each reporting date.

A subsidiary is an entity controlled by the company. Control is the power to govern the financial and operating policies of the entity so as to obtain benefits from its activities.

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.


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TORSION CARE (DERBY) LTD (REGISTERED NUMBER: 12157296)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2023


2. ACCOUNTING POLICIES - continued
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 (2022 - NIL).

4. FIXED ASSET INVESTMENTS
Shares in
group
undertakings
£   
COST OR VALUATION
At 1 April 2022 2,000,000
Revaluations (1,999,900 )
At 31 March 2023 100
NET BOOK VALUE
At 31 March 2023 100
At 31 March 2022 2,000,000

Cost or valuation at 31 March 2023 is represented by:

Shares in
group
undertakings
£   
Valuation in 2022 1,999,900
Valuation in 2023 (1,999,900 )
Cost 100
100

The company's investment in subsidiary has been revalued by the directors to open market fair value on the basis of expected returns.

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.23 31.3.22
£    £   
Amounts owed by group undertakings 100 100

Page 4
TORSION CARE (DERBY) LTD (REGISTERED NUMBER: 12157296)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2023


6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.23 31.3.22
£    £   
Amounts owed to group undertakings 100 100

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