Townhead Investments Limited - Accounts to registrar - small 17.2

REGISTERED NUMBER: 10075500 (England and Wales)

TOWNHEAD INVESTMENTS LIMITED

UNAUDITED FINANCIAL STATEMENTS

FOR THE PERIOD

21 MARCH 2016 TO 31 MAY 2017

Page

Company Information

1

Statement of Financial Position

2

Notes to the Financial Statements

3

to

4

DIRECTOR:

R Staples

SECRETARY:

J A Dent

REGISTERED OFFICE:

Hurlingham Business Park

Fulbeck Heath

Grantham

Lincolnshire

NG32 3HL

REGISTERED NUMBER:

10075500 (England and Wales)

ACCOUNTANTS:

Duncan & Toplis Limited

4 Henley Way

Doddington Road

Lincoln

Lincolnshire

LN6 3QR

FIXED ASSETS

Investment property

4

754,296

CURRENT ASSETS

Cash at bank and in hand

87,622

CREDITORS

Amounts falling due within one year

5

817,658

NET CURRENT LIABILITIES

(730,036

)

TOTAL ASSETS LESS CURRENT LIABILITIES

24,260

CAPITAL AND RESERVES

Called up share capital

6

1

Retained earnings

24,259

SHAREHOLDERS' FUNDS

24,260

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the period ended 31 May 2017.

The members have not required the company to obtain an audit of its financial statements for the period ended 31 May 2017 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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 of Part 15 of the Companies Act 2006 relating to small companies.

In accordance with Section 444 of the Companies Act 2006, the Trading and Profit and loss account has not been delivered.

The financial statements were approved by the director on 25 October 2017 and were signed by:

R Staples - Director

1.	STATUTORY INFORMATION

Townhead Investments 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.

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 the provisions of Section 1A "Small Entities" of

Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the

Companies Act 2006. The financial statements have been prepared under the historical cost convention as modified by

the revaluation of certain assets.

Turnover

Turnover comprises of rent, lease premiums, amounts recharged to tenants and the sale proceeds of trading properties

arising in the United Kingdom, excluding value added tax.

Investment property

Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair

value is recognised in profit or loss.

Taxation

Taxation for the period comprises current and deferred tax. Tax is recognised in the Trading and Profit and loss account,

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 statement of financial position date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of

financial position 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 period 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 period was 1 .

4.	INVESTMENT PROPERTY

Total

£

FAIR VALUE

Additions

754,296

At 31 May 2017

754,296

NET BOOK VALUE

At 31 May 2017

754,296

5.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

£

Taxation and social security

8,828

Other creditors

808,830

817,658

6.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

value:

£

100

Ordinary

£0.01

1

100 Ordinary shares of £0.01 each were allotted and fully paid for cash at par during the period.

7.	RELATED PARTY DISCLOSURES