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Company Registration No. 05884989 (England and Wales)
TAMRIEL PROPERTY LIMITED Unaudited accounts for the year ended 31 July 2022
TAMRIEL PROPERTY LIMITED Unaudited accounts Contents
Page
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TAMRIEL PROPERTY LIMITED Company Information for the year ended 31 July 2022
Directors
N R Greyling N A Willie
Company Number
05884989 (England and Wales)
Registered Office
18 WHELLOCK ROAD LONDON W4 1DZ ENGLAND
Accountants
Tarpon Limited Advantage Business Centre 132-134 Great Ancoats Street Manchester Greater Manchester M4 6DE
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TAMRIEL PROPERTY LIMITED Statement of financial position as at 31 July 2022
2022 
2021 
Notes
£ 
£ 
Fixed assets
Tangible assets
280,000 
280,000 
Current assets
Cash at bank and in hand
11,540 
23,213 
Creditors: amounts falling due within one year
(250)
(250)
Net current assets
11,290 
22,963 
Total assets less current liabilities
291,290 
302,963 
Creditors: amounts falling due after more than one year
(311,802)
(323,801)
Net liabilities
(20,512)
(20,838)
Capital and reserves
Called up share capital
2 
2 
Revaluation reserve
12,815 
12,815 
Profit and loss account
(33,329)
(33,655)
Shareholders' funds
(20,512)
(20,838)
For the year ending 31 July 2022 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 directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
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 of Directors and authorised for issue on 31 August 2022 and were signed on its behalf by
N R Greyling Director Company Registration No. 05884989
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TAMRIEL PROPERTY LIMITED Notes to the Accounts for the year ended 31 July 2022
1
Statutory information
TAMRIEL PROPERTY LIMITED is a private company, limited by shares, registered in England and Wales, registration number 05884989. The registered office is 18 WHELLOCK ROAD, LONDON, W4 1DZ, ENGLAND.
2
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.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
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:
Land & buildings
where the estimated residual value is lower than cost
Fixtures & fittings
15% on cost
Investment property
Investment properties are revalued annually and the aggregate surplus or deficit is transferred to the Fair Value reserve. Depreciation is provided on the cost less estimated residual value of the properties, as the estimated residual value is higher than the cost accordingly no depreciation is shown in the accounts. If depreciation were charged the loss for the financial year would increase accordingly.
Deferred taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments where they are expected to be recoverable against future trading profits in the medium term, on the basis of all available evidence. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
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TAMRIEL PROPERTY LIMITED Notes to the Accounts for the year ended 31 July 2022
4
Tangible fixed assets
Land & buildings 
Fixtures & fittings 
Total 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At 1 August 2021
280,000 
6,689 
286,689 
At 31 July 2022
280,000 
6,689 
286,689 
Depreciation
At 1 August 2021
- 
6,689 
6,689 
At 31 July 2022
- 
6,689 
6,689 
Net book value
At 31 July 2022
280,000 
- 
280,000 
At 31 July 2021
280,000 
- 
280,000 
Investment Properties are held are open market value. The historical cost of which was £257,813 (2018: £437,185).
5
Creditors: amounts falling due within one year
2022 
2021 
£ 
£ 
Accruals
250 
250 
6
Creditors: amounts falling due after more than one year
2022 
2021 
£ 
£ 
Bank loans
237,552 
237,552 
Other creditors
74,250 
86,249 
311,802 
323,801 
Other creditor's relates to the Director Loan outstanding as at the balance sheet date. The bank loans are secured on the Investment Properties.
7
Transactions with related parties
At the balance sheet date the balance loaned by the directors to the company is shown above. No interest is charged on these loans and no date has been fixed for their repayment.
8
Controlling party
The company is jointly controlled by the two directors.
9
Average number of employees
During the year the average number of employees was 0 (2021: 0).
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