REGISTERED NUMBER:
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TOWER ENERGY |
RESOURCES LIMITED |
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FINANCIAL STATEMENTS |
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FOR THE YEAR ENDED 30 JUNE 2021 |
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REGISTERED NUMBER:
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TOWER ENERGY |
RESOURCES LIMITED |
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FINANCIAL STATEMENTS |
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FOR THE YEAR ENDED 30 JUNE 2021 |
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TOWER ENERGY |
RESOURCES LIMITED (REGISTERED NUMBER: 03305744) |
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CONTENTS OF THE FINANCIAL STATEMENTS |
FOR THE YEAR ENDED 30 JUNE 2021 |
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Page |
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Company Information | 1 |
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Balance Sheet | 2 |
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Notes to the Financial Statements | 3 | to | 4 |
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TOWER ENERGY |
RESOURCES LIMITED |
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COMPANY INFORMATION |
FOR THE YEAR ENDED 30 JUNE 2021 |
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DIRECTORS: |
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SECRETARY: |
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REGISTERED OFFICE: |
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REGISTERED NUMBER: |
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SENIOR STATUTORY AUDITOR: |
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AUDITORS: |
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Chartered Accountants and Statutory Auditor |
3 New Mill Court |
Swansea Enterprise Park |
Swansea |
SA7 9FG |
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BANKERS: |
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TOWER ENERGY |
RESOURCES LIMITED (REGISTERED NUMBER: 03305744) |
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BALANCE SHEET |
30 JUNE 2021 |
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2021 | 2020 |
£ | £ |
CURRENT ASSETS |
Cash at bank |
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TOTAL ASSETS LESS CURRENT
LIABILITIES |
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CAPITAL AND RESERVES |
Called up share capital |
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Retained earnings | ( |
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SHAREHOLDERS' FUNDS |
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In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered. |
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The financial statements were approved by the Board of Directors and authorised for issue on
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TOWER ENERGY |
RESOURCES LIMITED (REGISTERED NUMBER: 03305744) |
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NOTES TO THE FINANCIAL STATEMENTS |
FOR THE YEAR ENDED 30 JUNE 2021 |
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1. | STATUTORY INFORMATION |
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Tower Energy Resources Limited is a
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The presentation currency of the financial statements is the Pound Sterling (£). |
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2. | ACCOUNTING POLICIES |
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Basis of preparing the financial statements |
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The particular accounting policies adopted, which have been applied consistently throughout the current and the prior financial year, are described below. |
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Going concern |
As described in the Report of the Directors, the company has not traded during the current or prior year. The directors have no immediate plans to recommence trading. |
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Taxation |
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity. |
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Current or deferred taxation assets and liabilities are not discounted. |
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Current tax |
Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date. |
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Deferred tax |
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date. |
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Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference. |
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Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. |
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3. | EMPLOYEES AND DIRECTORS |
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The average number of employees during the year was NIL (2020 - NIL). |
TOWER ENERGY |
RESOURCES LIMITED (REGISTERED NUMBER: 03305744) |
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NOTES TO THE FINANCIAL STATEMENTS - continued |
FOR THE YEAR ENDED 30 JUNE 2021 |
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4. | DISCLOSURE UNDER SECTION 444(5B) OF THE COMPANIES ACT 2006 |
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The Report of the Auditors was unqualified. |
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for and on behalf of
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5. | ULTIMATE CONTROLLING PARTY |
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The company's immediate parent company is Tower Colliery Limited and the ultimate controlling party is
Goitre Tower Anthracite Limited
, a company registered in England and Wales. There is no single controlling party of
Goitre Tower Anthracite Limited. |
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Goitre Tower Anthracite Limited is the parent undertaking of the smallest and largest group of which the company is a member and for which group financial statements are drawn up. |
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Copies of its financial statements are available from Companies House, Crown Way, Maindy, Cardiff, CF14 3UZ. |