Templar Southwest Limited 07119598 false 2017-10-01 2018-09-30 2018-09-30 The 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 services Digita Accounts Production Advanced 6.24.8820.0 Software true false 07119598 2017-10-01 2018-09-30 07119598 2018-09-30 07119598 bus:Director1 1 2018-09-30 07119598 bus:OrdinaryShareClass1 2018-09-30 07119598 core:RetainedEarningsAccumulatedLosses 2018-09-30 07119598 core:ShareCapital 2018-09-30 07119598 core:CurrentFinancialInstruments 2018-09-30 07119598 core:CurrentFinancialInstruments core:WithinOneYear 2018-09-30 07119598 bus:SmallEntities 2017-10-01 2018-09-30 07119598 bus:AuditExemptWithAccountantsReport 2017-10-01 2018-09-30 07119598 bus:FullAccounts 2017-10-01 2018-09-30 07119598 bus:RegisteredOffice 2017-10-01 2018-09-30 07119598 bus:Director1 2017-10-01 2018-09-30 07119598 bus:Director1 1 2017-10-01 2018-09-30 07119598 bus:OrdinaryShareClass1 2017-10-01 2018-09-30 07119598 bus:PrivateLimitedCompanyLtd 2017-10-01 2018-09-30 07119598 countries:AllCountries 2017-10-01 2018-09-30 07119598 core:CostValuation 2017-09-30 07119598 2017-09-30 07119598 bus:Director1 1 2017-09-30 07119598 bus:OrdinaryShareClass1 2017-09-30 07119598 core:RetainedEarningsAccumulatedLosses 2017-09-30 07119598 core:ShareCapital 2017-09-30 07119598 core:CurrentFinancialInstruments 2017-09-30 07119598 core:CurrentFinancialInstruments core:WithinOneYear 2017-09-30 07119598 bus:Director1 1 2016-04-01 2017-09-30 iso4217:GBP xbrli:pure xbrli:shares

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

 

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

 

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.

 

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

 

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