Company Registration No. 03150933 (England and Wales)
TRANSLATIONS TO PICTURE LIMITED
Unaudited accounts
for the year ended 31 December 2021
TRANSLATIONS TO PICTURE LIMITED
Unaudited accounts
Contents
TRANSLATIONS TO PICTURE LIMITED
Company Information
for the year ended 31 December 2021
Director
Mr James Michael Bonallack
Secretary
Jacqueline Loton
Company Number
03150933 (England and Wales)
Registered Office
60 HILL BROW
HOVE
EAST SUSSEX
BN3 6DD
TRANSLATIONS TO PICTURE LIMITED
Statement of financial position
as at
31 December 2021
Investment property
1,115,159
Cash at bank and in hand
12,461
Creditors: amounts falling due within one year
(35,605)
Net current assets
344,635
Called up share capital
100
Revaluation reserve
534,368
Profit and loss account
925,326
Shareholders' funds
1,459,794
For the year ending 31 December 2021 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
The members have agreed to the preparation of abridged accounts for the year in accordance with Section 444(2A).
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 24 September 2022 and were signed on its behalf by
Mr James Michael Bonallack
Director
Company Registration No. 03150933
TRANSLATIONS TO PICTURE LIMITED
Notes to the Accounts
for the year ended 31 December 2021
TRANSLATIONS TO PICTURE LIMITED is a private company, limited by shares, registered in England and Wales, registration number 03150933. The registered office is 60 HILL BROW, HOVE, EAST SUSSEX, BN3 6DD.
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Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
These financial statements for the year ended 31 December 2021 are the first financial statements that comply with FRS 102 Section 1A Small Entities. The date of transition is 1 January 2021.
The transition to FRS 102 Section 1A Small Entities has resulted in a small number of changes in accounting policies to those used previously.
The nature of these changes and their impact on opening equity and profit for the comparative period are explained in the notes below.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Fixtures & fittings
25% on Cost
Investment property is included at market fair value. Gains are recognised in the income statement. Deferred taxation is provided on these gains at the rate expected to apply when the property is sold.
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Tangible fixed assets
Total
At 31 December 2021
17,229
At 31 December 2021
17,229
TRANSLATIONS TO PICTURE LIMITED
Notes to the Accounts
for the year ended 31 December 2021
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Average number of employees
During the year the average number of employees was 0.