Torfield Estates Ltd - Accounts to registrar (filleted) - small 18.2

Torfield Estates Ltd - Accounts to registrar (filleted) - small 18.2

TORFIELD ESTATES LTD - Company Information

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REGISTERED NUMBER: 04889688 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 28 FEBRUARY 2018

FOR

TORFIELD ESTATES LTD
TORFIELD ESTATES LTD (REGISTERED NUMBER: 04889688)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 28 FEBRUARY 2018




Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 3


TORFIELD ESTATES LTD

COMPANY INFORMATION
FOR THE YEAR ENDED 28 FEBRUARY 2018







DIRECTOR: J Niederman





SECRETARY: Mrs. R Niederman





REGISTERED OFFICE: 147 Stamford Hill
London
N16 5LG





REGISTERED NUMBER: 04889688 (England and Wales)





ACCOUNTANTS: Venitt and Greaves
Chartered Accountants
115 Craven Park Road
South Tottenham
London
N15 6BL
Page 1
TORFIELD ESTATES LTD (REGISTERED NUMBER: 04889688)

STATEMENT OF FINANCIAL POSITION
28 FEBRUARY 2018

28.2.18 28.2.17
Notes £    £   
CURRENT ASSETS
Debtors 3 244,293 141,335
Cash at bank 27,180 8,402
271,473 149,737
CREDITORS
Amounts falling due within one year 4 219,887 98,209
NET CURRENT ASSETS 51,586 51,528
TOTAL ASSETS LESS CURRENT
LIABILITIES
51,586
51,528

CAPITAL AND RESERVES
Called up share capital 5 100 100
Retained earnings 6 51,486 51,428
SHAREHOLDERS' FUNDS 51,586 51,528

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 28 February 2018.

The members have not required the company to obtain an audit of its financial statements for the year ended 28 February 2018 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 Income Statement has not been delivered.

The financial statements were approved by the director on 22 November 2018 and were signed by:





J Niederman - Director


The notes form part of these financial statements

Page 2
TORFIELD ESTATES LTD (REGISTERED NUMBER: 04889688)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 28 FEBRUARY 2018

1. STATUTORY INFORMATION

Torfield Estates 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 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 except for the assets and liabilities which are required by FRS 102 to be stated at fair value.

Changes in accounting policies
The company has adopted FRS 102 for the first time in the preparation of these accounts. Accordingly the date
of transition to FRS 102 was 1 March 2015 (beginning of the accounting period of comparative year).

There are no material differences in determining the company's profit and loss under FRS 102 and the previous
framework the company adopted (the Financial Reporting Standard for Smaller Entities (effective January
2015)).

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates,
value added tax and other sales taxes.

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 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 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. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
28.2.18 28.2.17
£    £   
Trade debtors 26,906 26,906
Other debtors 217,387 114,429
244,293 141,335

Page 3 continued...
TORFIELD ESTATES LTD (REGISTERED NUMBER: 04889688)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 28 FEBRUARY 2018

4. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
28.2.18 28.2.17
£    £   
Taxation and social security 12 287
Other creditors 219,875 97,922
219,887 98,209

5. CALLED UP SHARE CAPITAL


Allotted, issued and fully paid:
Number: Class: Nominal 28.2.18 28.2.17
value: £    £   
100 Ordinary 1 100 100

6. RESERVES
Retained
earnings
£   

At 1 March 2017 51,428
Profit for the year 58
At 28 February 2018 51,486

Page 4