Two Temple Place Limited - Accounts to registrar (filleted) - small 17.3
Two Temple Place Limited - Accounts to registrar (filleted) - small 17.3
| REGISTERED NUMBER: |
| Two Temple Place Limited |
| Audited Financial Statements for the Year Ended 30th June 2017 |
| Two Temple Place Limited (Registered number: 03975290) |
| Contents of the Financial Statements |
| for the Year Ended 30th June 2017 |
| Page |
| Company Information | 1 |
| Balance Sheet | 2 |
| Notes to the Financial Statements | 3 |
| Two Temple Place Limited |
| Company Information |
| for the Year Ended 30th June 2017 |
| DIRECTORS: |
| REGISTERED OFFICE: |
| REGISTERED NUMBER: |
| AUDITORS: |
| Chartered Accountants |
| Statutory Auditors |
| 7 East Pallant |
| Chichester |
| West Sussex |
| PO19 1TR |
| BANKERS: |
| 37 Fleet Street |
| London |
| EC4P 4DQ |
| SOLICITORS: |
| Alexandra House |
| St Johns Street |
| Salisbury |
| Wiltshire |
| SP1 2SB |
| Two Temple Place Limited (Registered number: 03975290) |
| Balance Sheet |
| 30th June 2017 |
| 2017 | 2016 |
| Notes | £ | £ | £ | £ |
| FIXED ASSETS |
| Tangible assets | 5 |
| Investments | 6 |
| CURRENT ASSETS |
| Stocks | 7 |
| Debtors | 8 |
| Cash at bank and in hand |
| CREDITORS |
| Amounts falling due within one year | 9 |
| NET CURRENT LIABILITIES | ( |
) | ( |
) |
| TOTAL ASSETS LESS CURRENT LIABILITIES |
| CREDITORS |
| Amounts falling due after more than one year |
10 |
| NET ASSETS |
| CAPITAL AND RESERVES |
| Called up share capital |
| Retained earnings | ( |
) | ( |
) |
| SHAREHOLDERS' FUNDS |
| 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 on |
| Two Temple Place Limited (Registered number: 03975290) |
| Notes to the Financial Statements |
| for the Year Ended 30th June 2017 |
| 1. | STATUTORY INFORMATION |
| Two Temple Place Limited is a |
| company's registered number and registered office address can be found on the Company Information page. |
| 2. | STATEMENT OF COMPLIANCE |
| 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. Two Temple Place Limited is a company limited by shares and is incorporated in England, registration number 03975290. The registered office is 2 Temple Place, London, WC2R 3BD. |
| The financial statements are presented in sterling which is the functional currency of the company and rounded to the nearest pound. |
| 3. | ACCOUNTING POLICIES |
| Basis of preparing the financial statements |
| Preparation of consolidated financial statements |
| The financial statements contain information about Two Temple Place Limited as an individual company and do |
| not contain consolidated financial information as the parent of a group. The company has taken the option under |
| Section 398 of the Companies Act 2006 not 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. |
| Turnover |
| Turnover represents net invoiced sales of goods and services, excluding value added tax. |
| Tangible fixed assets |
| Improvements to property | - |
| Plant and machinery | - |
| Assets with an initial cost of £1,000 or more are capitalised. |
| Investments in subsidiaries |
| Investments in subsidiary undertakings are recognised at 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 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. |
| Two Temple Place Limited (Registered number: 03975290) |
| Notes to the Financial Statements - continued |
| for the Year Ended 30th June 2017 |
| 3. | 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. |
| Hire purchase and leasing commitments |
| Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the |
| lease. |
| Pensions |
| The company operates a defined contribution pension scheme. Contributions are charged in the profit and loss |
| account as they become payable in accordance with the rules of the scheme. |
| Fixed asset investments |
| Fixed asset investments are stated at historical cost less provision for any diminution in value. |
| Financial instruments |
| The company only has financial assets and financial liabilities of a kind that qualify as basic financial |
| instruments. |
| 4. | EMPLOYEES AND DIRECTORS |
| The average number of employees during the year was |
| 5. | TANGIBLE FIXED ASSETS |
| Improvements |
| to | Plant and |
| property | machinery | Totals |
| £ | £ | £ |
| COST |
| At 1st July 2016 |
| Additions |
| At 30th June 2017 |
| DEPRECIATION |
| At 1st July 2016 |
| Charge for year |
| At 30th June 2017 |
| NET BOOK VALUE |
| At 30th June 2017 |
| At 30th June 2016 |
| Two Temple Place Limited (Registered number: 03975290) |
| Notes to the Financial Statements - continued |
| for the Year Ended 30th June 2017 |
| 6. | FIXED ASSET INVESTMENTS |
| Shares in |
| group |
| undertakings |
| £ |
| COST |
| At 1st July 2016 |
| Disposals | ( |
) |
| At 30th June 2017 |
| NET BOOK VALUE |
| At 30th June 2017 |
| At 30th June 2016 |
| The company held a 100% interest in the issued share capital of Temple Place Gallery Limited. This company |
| has never traded and was dissolved on 19 October 2017. The value of the investment has been written off in |
| these financial statements. |
| 7. | STOCKS |
| 2017 | 2016 |
| £ | £ |
| Stocks |
| 8. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
| 2017 | 2016 |
| £ | £ |
| Trade debtors |
| Amounts owed by group undertakings |
| Other debtors |
| Prepayments and accrued income |
| 9. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
| 2017 | 2016 |
| £ | £ |
| Other loans |
| Trade creditors |
| Amounts owed to group undertakings |
| VAT | 11,741 | 5,654 |
| Other creditors |
| Accruals and deferred income |
| Two Temple Place Limited (Registered number: 03975290) |
| Notes to the Financial Statements - continued |
| for the Year Ended 30th June 2017 |
| 10. | CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR |
| 2017 | 2016 |
| £ | £ |
| Other loans - 1-2 years | 37,200 | 37,200 |
| Other loans - 2-5 years | 44,375 | 75,791 |
| Included within Other loans due with less than one year and loans falling due after more than one year is a loan |
| received from The Bulldog Trust Limited, the Company's 100% parent undertaking. The original loan amounted |
| to £186,000 and is repayable over five years commencing in July 2015. The balance outstanding at 30 June 2017 |
| is £118,775 (2016 £154,139). |
| 11. | DISCLOSURE UNDER SECTION 444(5B) OF THE COMPANIES ACT 2006 |
| The Report of the Auditors was unqualified. |
| for and on behalf of |
| 12. | CONTINGENT LIABILITIES |
| A claim has been made against the company in the year, relating to the alleged underpayment of utilities in prior |
| years. The total alleged underpayment of £40,044 is currently being contested by the company. No provision has |
| been made in these financial statements as the company’s management do not consider that there is any probable |
| loss. |
| 13. | ULTIMATE CONTROLLING PARTY |
| The entire issued share capital is owned by The Bulldog Trust Limited, a company registered in England and Wales and a registered charity.The registered office is 2 Temple Place, London, WC2R 3BD. |