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
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
TAMRIEL PROPERTY LIMITED
Statement of financial position
as at 31 July 2022
Tangible assets
280,000
280,000
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)
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
TAMRIEL PROPERTY LIMITED
Notes to the Accounts
for the year ended 31 July 2022
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.
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.
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:
Land & buildings
where the estimated residual value is lower than cost
Fixtures & fittings
15% on cost
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.
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.
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
At 1 August 2021
-
6,689
6,689
At 31 July 2022
-
6,689
6,689
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
6
Creditors: amounts falling due after more than one year
2022
2021
Bank loans
237,552
237,552
Other creditors
74,250
86,249
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.
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).