Period from 1 April 2016 to
Registration number:
Templar Southwest Limited
Contents
Balance Sheet |
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Notes to the Financial Statements |
Templar Southwest Limited
Balance Sheet
30 September 2017
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2017 |
2016 |
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Fixed assets |
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Investments |
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Current assets |
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Debtors |
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Cash at bank and in hand |
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Creditors: Amounts falling due within one year |
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Net current assets |
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Net assets |
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Capital and reserves |
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Called up share capital |
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Profit and loss account |
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Total equity |
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Page 1 |
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:
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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
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Mr B J Knights
Director
Company Registration Number: 07119598
Page 2 |
Templar Southwest Limited
Notes to the Financial Statements
Period from 1 April 2016 to 30 September 2017
General information |
The company is a private company limited by share capital incorporated in England and Wales.
The address of its registered office is:
These financial statements were authorised for issue by the
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
Disclosure of long or short period
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:
Page 3 |
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
• Short term trade and other debtors and creditors;
• Cash and bank balances.
All financial instruments are classified as basic.
Recognition and measurement
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.
Page 4 |
Templar Southwest Limited
Notes to the Financial Statements
Period from 1 April 2016 to 30 September 2017
Investments |
2017 |
2016 |
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Investments in subsidiaries |
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Subsidiaries |
£ |
Cost or valuation |
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At 1 April 2016 |
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Disposals |
( |
At 30 September 2017 |
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Provision |
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Carrying amount |
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At 30 September 2017 |
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At 31 March 2016 |
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Debtors |
Note |
30 September 2017 |
31 March 2016 |
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Amounts due from group undertakings |
- |
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Other debtors |
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Creditors |
30 September 2017 |
31 March 2016 |
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Due within one year |
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Trade creditors |
- |
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Social security and other taxes |
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- |
Other creditors |
- |
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Accrued expenses |
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Page 5 |
Templar Southwest Limited
Notes to the Financial Statements
Period from 1 April 2016 to 30 September 2017
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 |
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Loan to director |
(1,139) |
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( |
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2016 |
At 1 April 2015 |
Advances to director |
Repayments by director |
At 31 March 2016 |
Mr B J Knights |
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Loan to director |
(4,230) |
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- |
( |
Transition to FRS 102 |
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