Templar Southwest Limited - Period Ending 2018-09-30

Templar Southwest Limited

Annual Report and Unaudited Financial Statements
Year Ended 30 September 2018

Registration number: 07119598

Templar Southwest Limited

Contents

Balance Sheet	1 to 2
Notes to the Financial Statements	3 to 5

Templar Southwest Limited

Balance Sheet

30 September 2018

	Note	2018 £	2017 £
Fixed assets
Investments	3	100	100
Current assets
Debtors	4	654	14,397
Cash at bank and in hand		233,926	229,986
		234,580	244,383
Creditors: Amounts falling due within one year	5	(5,193)	(2,939)
Net current assets		229,387	241,444
Net assets		229,487	241,544
Capital and reserves
Called up share capital	6	200	200
Profit and loss account		229,287	241,344
Total equity		229,487	241,544

The notes on pages 3 to 5 form an integral part of these financial statements.

Page 1

Templar Southwest Limited

Balance Sheet

30 September 2018

For the financial year ending 30 September 2018 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

•	The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and
•	The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared and delivered in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006 and the option not to file the Profit and Loss Account has been taken.

Approved and authorised by the director on 30 April 2019
 

......................................... Mr B J Knights Director

Company Registration Number: 07119598

The notes on pages 3 to 5 form an integral part of these financial statements.

Page 2

Templar Southwest Limited

Notes to the Financial Statements

Year Ended 30 September 2018

1	General information

The company is a private company limited by share capital, incorporated in England and Wales.

The address of its registered office is:
21 Knoll Park
Truro
Cornwall
TR1 1FF

These financial statements were authorised for issue by the director on 30 April 2019.

2	Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A - 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Companies Act 2006.

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Group accounts not prepared

The company is part of a small group. The company has taken advantage of the exemption provided by Section 398 of the Companies Act 2006 and has not prepared group accounts.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of value added tax, returns, rebates and discounts and after eliminating sales within the company.

Investments

Investments in equity shares which are publicly traded or where the fair value can be measured reliably are initially measured at fair value, with changes in fair value recognised in profit or loss. Investments in equity shares which are not publicly traded and where fair value cannot be measured reliably are measured at cost less impairment.

Interest income on debt securities, where applicable, is recognised in income using the effective interest method. Dividends on equity securities are recognised in income when receivable.

Page 3

Templar Southwest Limited

Notes to the Financial Statements

Year Ended 30 September 2018

Financial instruments

Classification
The company holds the following financial instruments:

• Short term trade and other debtors and creditors;
• Cash and bank balances.

All financial instruments are classified as basic.

 Recognition and measurement
The company has chosen to apply the recognition and measurement principles in FRS102.

Financial instruments are recognised when the company becomes party to the contractual provisions of the instrument and derecognised when in the case of assets, the contractual rights to cash flows from the assets expire or substantially all the risks and rewards of ownership are transferred to another party, or in the case of liabilities, when the company’s obligations are discharged, expire or are cancelled.

Such instruments are initially measured at transaction price, including transaction costs, and are subsequently carried at the undiscounted amount of the cash or other consideration expected to be paid or received, after taking account of impairment adjustments.

 

3	Investments

	2018 £	2017 £
Investments in subsidiaries	100	100

Subsidiaries	£
Cost or valuation
At 1 October 2017	100
Provision
Carrying amount
At 30 September 2018	100
At 30 September 2017	100

4

Debtors

	30 September 2018  £	30 September 2017  £
Other debtors	654	14,397
	654	14,397

Page 4

Templar Southwest Limited

Notes to the Financial Statements

Year Ended 30 September 2018

5

Creditors

Creditors: amounts falling due within one year

	30 September 2018  £	30 September 2017  £
Due within one year
Social security and other taxes	-	939
Other creditors	4,193	-
Accrued expenses	1,000	2,000
	5,193	2,939

6	Share capital

Allotted, called up and fully paid shares

	2018		2017
	No.	£	No.	£
Ordinary shares of £1 each	200	200	200	200

7	Related party transactions

Advances to directors

2018	At 1 October 2017 £	Advances to director £	Repayments by director £	At 30 September 2018 £
Mr B J Knights
Loan to director	8,243	15,314	(27,750)	(4,193)

2017	At 1 April 2016 £	Advances to director £	Repayments by director £	At 30 September 2017 £
Mr B J Knights
Loan to director	(1,139)	59,982	(50,600)	8,243

Page 5