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Financial Statements for the Year Ended 31 July 2019 |
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Turnholly Ltd |
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Financial Statements for the Year Ended 31 July 2019 |
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for |
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Turnholly Ltd |
Turnholly Ltd (Registered number: 05503803) |
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Contents of the Financial Statements |
for the Year Ended 31 July 2019 |
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Company Information | 1 |
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Chartered Certified Accountants' Report | 2 |
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Statement of Financial Position | 3 |
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Notes to the Financial Statements | 5 |
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Turnholly Ltd |
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Company Information |
for the Year Ended 31 July 2019 |
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DIRECTOR: |
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SECRETARY: |
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REGISTERED OFFICE: |
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REGISTERED NUMBER: |
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ACCOUNTANTS: |
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Chartered Certified Accountants |
Meriden House |
6 Great Cornbow |
Halesowen |
West Midlands |
B63 3AB |
Chartered Certified Accountants' Report to the Director |
on the Unaudited Financial Statements of |
Turnholly Ltd |
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The following reproduces the text of the report prepared for the director in respect of the company's annual |
unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file |
a Statement of Financial Position. Readers are cautioned that the Income Statement and certain other primary |
statements and the Report of the Director are not required to be filed with the Registrar of Companies. |
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In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the |
financial statements of Turnholly Ltd for the year ended 31 July 2019 which comprise the Income Statement, Statement |
of Financial Position and the related notes from the company's accounting records and from information and |
explanations you have given us. |
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As a practising member firm of the Association of Chartered Certified Accountants, we are subject to its ethical and other professional requirements which are detailed at http://www.accaglobal.com/rulebook. |
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This report is made solely to the director of Turnholly Ltd in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Turnholly Ltd and state those matters that we have agreed to state to the director of Turnholly Ltd in this report in accordance with the requirements of the Association of Chartered Certified Accountants as detailed at http://www.accaglobal.com/factsheet163. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the company and its director for our work or for this report. |
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It is your duty to ensure that Turnholly Ltd has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Turnholly Ltd. You consider that Turnholly Ltd is exempt from the statutory audit requirement for the year. |
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We have not been instructed to carry out an audit or a review of the financial statements of Turnholly Ltd. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements. |
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Chartered Certified Accountants |
Meriden House |
6 Great Cornbow |
Halesowen |
West Midlands |
B63 3AB |
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Turnholly Ltd (Registered number: 05503803) |
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Statement of Financial Position |
31 July 2019 |
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2019 | 2018 |
Notes | £ | £ | £ | £ |
FIXED ASSETS |
Property, plant and equipment | 4 |
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CURRENT ASSETS |
Debtors | 5 |
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Cash at bank and in hand |
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CREDITORS |
Amounts falling due within one year | 6 |
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NET CURRENT LIABILITIES | ( |
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TOTAL ASSETS LESS CURRENT
LIABILITIES |
( |
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( |
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CAPITAL AND RESERVES |
Called up share capital | 7 |
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Retained earnings | ( |
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SHAREHOLDERS' FUNDS | ( |
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Turnholly Ltd (Registered number: 05503803) |
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Statement of Financial Position - continued |
31 July 2019 |
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The director acknowledges his responsibilities for: |
(a) |
ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies
Act 2006 and |
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preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of
each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company. |
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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 director and authorised for issue on
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Turnholly Ltd (Registered number: 05503803) |
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Notes to the Financial Statements |
for the Year Ended 31 July 2019 |
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1. | STATUTORY INFORMATION |
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Turnholly Ltd is a
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registered number and registered office address can be found on the Company Information page. |
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2. | ACCOUNTING POLICIES |
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Basis of preparing the financial statements |
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Tangible fixed assets |
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Long leasehold | - |
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Improvements to property | - |
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Plant and machinery | - |
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Motor vehicles | - |
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Depreciation has been provided at 0% on leasehold buildings and property improvements as in the opinion of the |
directors, these are maintained in a continual state of sound repair, their lives are long and residual values are |
such that depreciation is not material. . |
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Going concern |
The accounts have been prepared on a going concern basis, the validity of which depends upon the future |
support of the director. In the opinion of the director, this support will be available for the foreseeable future. |
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3. | EMPLOYEES AND DIRECTORS |
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The average number of employees during the year was NIL (2018 - NIL). |
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4. | PROPERTY, PLANT AND EQUIPMENT |
Improvements |
Long | to | Plant and | Motor |
leasehold | property | machinery | vehicles | Totals |
£ | £ | £ | £ | £ |
COST |
At 1 August 2018 |
and 31 July 2019 |
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DEPRECIATION |
At 1 August 2018 |
and 31 July 2019 |
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NET BOOK VALUE |
At 31 July 2019 |
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At 31 July 2018 |
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5. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
2019 | 2018 |
£ | £ |
Amounts owed by participating interests |
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Turnholly Ltd (Registered number: 05503803) |
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Notes to the Financial Statements - continued |
for the Year Ended 31 July 2019 |
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6. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
2019 | 2018 |
£ | £ |
Amounts owed to participating interests |
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Social security and other taxes |
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Directors' accounts |
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Accruals and deferred income |
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7. | CALLED UP SHARE CAPITAL |
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Allotted, issued and fully paid: |
Number: | Class: | Nominal | 2019 | 2018 |
value: | £ | £ |
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Ordinary | £1 | 100 | 100 |
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8. | RELATED PARTY DISCLOSURES |
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At the balance sheet date an amount of £10,848 (2017: £10,848) was due from Portmanor Projects Limited. |
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At the balance sheet date an amount of £133,066 (2017: £133,066) was due to Showbiz Entertainment Limited. |
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In both companies Mr K Partridge is a director and shareholder. |