Teralex Properties Limited
Teralex Properties Limited
Registered number: 10228393
Unaudited Financial Statements
For the Period 13 June 2016 to 30 June 2017
Carroll Accountants
51 Castle Street
High Wycombe
Bucks
HP13 6RN
Teralex Properties Limited
Unaudited Financial Statements
For the Period 13 June 2016 to 30 June 2017
Unaudited Financial Statements
| Contents | |
| Page | |
|---|---|
| Balance Sheet | 1—2 |
| Notes to the Financial Statements | 3—4 |
Teralex Properties Limited
Balance Sheet
As at
30 June 2017
Balance Sheet
Registered number:
10228393
For the period ending 30 June 2017 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
| Period to 30 June 2017 | |||
|---|---|---|---|
| Notes | £ | £ | |
| FIXED ASSETS | |||
| Tangible Assets | 4 |
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| CURRENT ASSETS | |||
| Debtors | 5 |
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| Cash at bank and in hand |
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| Creditors: Amounts Falling Due Within One Year | 6 |
( |
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| NET CURRENT ASSETS (LIABILITIES) |
( |
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| TOTAL ASSETS LESS CURRENT LIABILITIES |
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| Creditors: Amounts Falling Due After More Than One Year | 7 |
( |
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| NET ASSETS |
( |
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| CAPITAL AND RESERVES | |||
| Called up share capital | 8 |
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| Profit and Loss Account |
( |
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| SHAREHOLDERS' FUNDS | (138,943) | ||
Page 1
Teralex Properties Limited
Balance Sheet (continued)
As at
30 June 2017
Directors' responsibilities:
-
The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. -
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts. -
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime. - The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
On behalf of the board
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The notes on pages 3 to 4 form part of these financial statements.
Page 2
Teralex Properties Limited
Notes to the Unaudited Accounts
For the Period 13 June 2016 to 30 June 2017
Notes to the Unaudited Accounts
1.
Accounting Policies
1.1.
Basis of Preparation of Financial Statements
The financial statements are prepared under the historical cost convention and in accordance with the FRS 102 Section 1A Small Entities - The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006.
1.2.
Turnover
Turnover comprises the invoiced value of goods and services supplied by the company.
1.3.
Tangible Fixed Assets and Depreciation
Tangible fixed assets are stated at cost less depreciation. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
1.4.
Investment properties
Investment properties shall not be subject to periodic charges for depreciation except for properties held on lease, which shall be depreciated at least over the period when the unexpired term is 20 years or less.
Investment properties shall be included in the balance sheet at their market value.
1.5.
Registrar Filing Requirements
The company has taken advantage of Companies Act 2006 section 444(1) and opted not to file the profit and loss account, directors report, and notes to the financial statements relating to the profit and loss account. The notes which are not included have been hidden but original note numbering has remained the same for those that are present.
4.
Tangible Assets
| Investment Properties | |
|---|---|
| £ | |
| Cost | |
| As at |
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| Additions | 219,918 |
| As at |
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| Net Book Value | |
| As at |
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| As at |
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5.
Debtors
| Period to 30 June 2017 | |
|---|---|
| £ | |
| Due within one year | |
| Prepayments and accrued income |
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Page 3
Teralex Properties Limited
Notes to the Unaudited Accounts (continued)
For the Period 13 June 2016 to 30 June 2017
6.
Creditors: Amounts Falling Due Within One Year
| Period to 30 June 2017 | |
|---|---|
| £ | |
| Bank loans and overdrafts |
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| Accruals and deferred income |
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7.
Creditors: Amounts Falling Due After More Than One Year
| Period to 30 June 2017 | |
|---|---|
| £ | |
| Bank loans |
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| Directors loan account |
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Bank loans are interest only mortgages against investment properties.
Directors Loans are interest free and have no set repayment term.
9.
Ultimate Controlling Party
The company's ultimate controlling party are the directors by virtue of their ownership of 100% of the issued share capital in the company.
10.
General Information
Teralex Properties Limited is a private company, limited by shares, incorporated in England & Wales, registered number 10228393 . The registered office is 27 Conegra Road, High Wycombe, Buckinghamshire, HP13 6EA.
Page 4