Towngate Holdings Limited
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Notes to the Accounts |
for the year ended 30 September 2021
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1 |
Accounting policies |
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Basis of preparation |
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The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
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2 |
Employees |
2021 |
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2020 |
Number |
Number |
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Average number of persons employed by the company |
0 |
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0 |
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3 |
Debtors |
2021 |
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2020 |
£ |
£ |
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Margery Hill Limited |
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50,000 |
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110,428 |
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Nesthill Limited |
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- |
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176 |
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50,000 |
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110,604 |
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During the year a dividend of £60,428 was paid to Margery Hill Limited. |
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4 |
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 2021 the net balance in hand was £433,634 (2020 - owing £161,336).
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5 |
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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6 |
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 |