Templar Southwest Limited - Period Ending 2017-09-30

Templar Southwest Limited - Period Ending 2017-09-30


Templar Southwest Limited07119598false2016-04-012017-09-302017-09-30The principal activity of the company is that of a holding company and providing management services to its subsidiary company. The principal activity of its subsidiary company, Subway Southwest Limited, was that of cafeteria and takeaway servicesDigita Accounts Production Advanced 6.21.8540.0Softwaretruefalse071195982016-04-012017-09-30071195982017-09-3007119598bus:Director112017-09-3007119598core:RetainedEarningsAccumulatedLosses2017-09-3007119598core:ShareCapital2017-09-3007119598core:CurrentFinancialInstruments2017-09-3007119598core:CurrentFinancialInstrumentscore:WithinOneYear2017-09-3007119598core:CostValuation2017-09-3007119598core:DisposalsDecreaseInInvestments2017-09-3007119598bus:SmallEntities2016-04-012017-09-3007119598bus:AuditExemptWithAccountantsReport2016-04-012017-09-3007119598bus:FullAccounts2016-04-012017-09-3007119598bus:RegisteredOffice2016-04-012017-09-3007119598bus:Director12016-04-012017-09-3007119598bus:Director112016-04-012017-09-3007119598bus:PrivateLimitedCompanyLtd2016-04-012017-09-3007119598core:MotorVehicles2016-04-012017-09-300711959812016-04-012017-09-3007119598countries:AllCountries2016-04-012017-09-30071195982016-03-3107119598bus:Director112016-03-3107119598core:RetainedEarningsAccumulatedLosses2016-03-3107119598core:ShareCapital2016-03-3107119598core:CurrentFinancialInstruments2016-03-3107119598core:CurrentFinancialInstrumentscore:WithinOneYear2016-03-3107119598core:CostValuation2016-03-3107119598bus:Director112015-04-012016-03-31iso4217:GBP

Templar Southwest Limited

Annual Report and Unaudited Financial Statements
Period from 1 April 2016 to 30 September 2017

Registration number: 07119598

 

Templar Southwest Limited

Contents

Balance Sheet

1 to 2

Notes to the Financial Statements

3 to 6

 

Templar Southwest Limited

Balance Sheet

30 September 2017

Note

2017
£

2016
£

Fixed assets

 

Investments

3

100

116

Current assets

 

Debtors

4

14,397

388,683

Cash at bank and in hand

 

229,986

59,006

 

244,383

447,689

Creditors: Amounts falling due within one year

5

(2,939)

(3,803)

Net current assets

 

241,444

443,886

Net assets

 

241,544

444,002

Capital and reserves

 

Called up share capital

200

200

Profit and loss account

241,344

443,802

Total equity

 

241,544

444,002

 

Templar Southwest Limited

Balance Sheet

30 September 2017

For the financial period ending 30 September 2017 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 period 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 delivered in accordance with the provisions applicable to companies subject to the small companies regime and the option not to file the Profit and Loss Account has been taken.

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.

Approved and authorised by the director on 29 June 2018
 

.........................................

Mr B J Knights

Director

Company Registration Number: 07119598

 

Templar Southwest Limited

Notes to the Financial Statements

Period from 1 April 2016 to 30 September 2017

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:
16 Victoria Square
Truro
Cornwall
TR1 2RU

These financial statements were authorised for issue by the director on 29 June 2018.

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.

Change in basis of accounting

The company's financial statements have been prepared in accordance with FRS102 - the Financial Reporting Standard applicable in the UK and Republic of Ireland. The company has transferred from previously extant UK GAAP to FRS102 as at 1 April 2015. There is no material impact on the reported financial position and financial performance.

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.

Disclosure of long or short period

The company extended its accounting period from 31 March 2017 to 30 September 2017 to be coterminous with its subsidiary company. The comparative amounts in the financial statements are therefore not wholly comparable.

Tangible assets

Tangible assets are stated in the statement of financial position at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

 

Templar Southwest Limited

Notes to the Financial Statements

Period from 1 April 2016 to 30 September 2017

Asset class

Depreciation method and rate

Motor vehicles

25% reducing balance

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.

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.


 

 

Templar Southwest Limited

Notes to the Financial Statements

Period from 1 April 2016 to 30 September 2017

3

Investments

2017
£

2016
£

Investments in subsidiaries

100

116

Subsidiaries

£

Cost or valuation

At 1 April 2016

116

Disposals

(16)

At 30 September 2017

100

Provision

Carrying amount

At 30 September 2017

100

At 31 March 2016

116

4

Debtors

Note

30 September 2017
 £

31 March 2016
 £

Amounts due from group undertakings

6

-

382,913

Other debtors

 

14,397

5,770

 

14,397

388,683

5

Creditors

30 September 2017
 £

31 March 2016
 £

Due within one year

Trade creditors

-

7

Social security and other taxes

939

-

Other creditors

-

1,796

Accrued expenses

2,000

2,000

2,939

3,803

 

Templar Southwest Limited

Notes to the Financial Statements

Period from 1 April 2016 to 30 September 2017

6

Related party transactions

Advances to directors

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

         
         

 

2016

At 1 April 2015
£

Advances to director
£

Repayments by director
£

At 31 March 2016
£

Mr B J Knights

Loan to director

(4,230)

3,091

-

(1,139)

         
         

 

7

Transition to FRS 102

The company transitioned to FRS102 from previously extant UK GAAP as at 1 April 2015. There are no changes to the previously stated equity as at 1 April 2015 and 1 April 2016 or in the profit for the year ended 31 March 2016 as a result of the transition to FRS102.