Towngate Holdings Limited
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Notes to the Accounts |
for the year ended 30 September 2019
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1 |
Accounting policies |
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The accounts have been prepared under the historical cost convention.
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2 |
Debtors |
2019 |
|
2018 |
£ |
£ |
|
Amounts owed by group companies |
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Margery Hill Limited |
110,428 |
|
110,428 |
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Nesthill Limited |
176 |
|
176 |
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|
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|
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110,604 |
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110,604 |
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3 |
Contingent liabilities |
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The bank loans and overdrafts of companies in the Margery Hill Limited Group are secured by fixed charges over the assets of the various companies and a cross guarantee between the various subsidiary companies and Margery Hill Limited. At 30 September 2019 the net amount owing was £324,182 (2018 - £462,630). |
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4 |
Controlling party |
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The whole of the allotted share capital is held by Margery Hill Limited, a company registered in England.
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5 |
Other information |
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Towngate Holdings Limited is a private company limited by shares and incorporated in England. Its registered office is: |
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Longacre Way |
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Holbrook Industrial Estate |
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Holbrook |
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Sheffield |
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S20 3FS |