TSRE21 Limited - Accounts to registrar (filleted)

REGISTERED NUMBER: 13431599 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 28TH FEBRUARY 2023

FOR

TSRE21 LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

A S Oliver

C D Whitehead

D Owen

B J Hopkinson

Ms M Garrow

REGISTERED OFFICE:

Telford Steam Railway, The Old Loco Shed

Horsehay

Telford

Shropshire

TF4 2NF

REGISTERED NUMBER:

13431599 (England and Wales)

ACCOUNTANTS:

D E Ball & Co Limited

Chartered Accountants

15 Bridge Road

Wellington

Telford

Shropshire

TF1 1EB

FIXED ASSETS

Tangible assets

4

46,522

17,844

CURRENT ASSETS

Stocks

15,901

Debtors

5

56,634

32,086

Cash at bank

69,997

6,903

142,532

54,890

CREDITORS

Amounts falling due within one year

6

189,054

72,734

NET CURRENT LIABILITIES

(46,522

)

(17,844

)

TOTAL ASSETS LESS CURRENT
LIABILITIES

-

RESERVES

-

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 28th February 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 28th February 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 surplus or deficit 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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 30th November 2023 and were signed on its behalf by:

C D Whitehead - Director

A S Oliver - Director

B J Hopkinson - Director

D Owen - Director

Ms M Garrow - Director

1.	STATUTORY INFORMATION

Tsre21 Limited is a private company, limited by guarantee , 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.

Fixtures and fittings

-

33% 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.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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 15 (2022 - 14 ) .

4.	TANGIBLE FIXED ASSETS

Fixtures

and

Computer

fittings

equipment

Totals

£

COST

At 1st March 2022

21,491

-

21,491

Additions

39,076

3,124

42,200

At 28th February 2023

60,567

3,124

63,691

DEPRECIATION

At 1st March 2022

3,647

-

3,647

Charge for year

13,019

503

13,522

At 28th February 2023

16,666

503

17,169

NET BOOK VALUE

At 28th February 2023

43,901

2,621

46,522

At 28th February 2022

17,844

-

17,844

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

28.2.23

28.2.22

£

Other debtors

56,634

32,086

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

28.2.23

28.2.22

£

Trade creditors

2,160

1,000

Other creditors

186,894

71,734

189,054

72,734

7.	ULTIMATE CONTROLLING PARTY

The company has no share capital, being Limited by Guarantee.

All profits for the company are donated to Telford Horsehay Steam Trust Ltd.

TSRE21 Limited - Accounts to registrar (filleted) - small 23.1.2

TSRE21 Limited - Accounts to registrar (filleted) - small 23.1.2