IRIS Accounts Production v22.2.0.402 12091433 Board of Directors 1.8.21 31.7.22 31.7.22 0 0 false true false false true false iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pure120914332021-07-31120914332022-07-31120914332021-08-012022-07-31120914332020-07-31120914332020-08-012021-07-31120914332021-07-3112091433ns16:EnglandWales2021-08-012022-07-3112091433ns15:PoundSterling2021-08-012022-07-3112091433ns11:Director12021-08-012022-07-3112091433ns11:PrivateLimitedCompanyLtd2021-08-012022-07-3112091433ns11:SmallEntities2021-08-012022-07-3112091433ns11:AuditExemptWithAccountantsReport2021-08-012022-07-3112091433ns11:SmallCompaniesRegimeForDirectorsReport2021-08-012022-07-3112091433ns11:SmallCompaniesRegimeForAccounts2021-08-012022-07-3112091433ns11:FullAccounts2021-08-012022-07-3112091433ns11:Director22021-08-012022-07-3112091433ns11:RegisteredOffice2021-08-012022-07-3112091433ns6:CurrentFinancialInstruments2022-07-3112091433ns6:CurrentFinancialInstruments2021-07-3112091433ns6:Non-currentFinancialInstruments2022-07-3112091433ns6:Non-currentFinancialInstruments2021-07-3112091433ns6:ShareCapital2022-07-3112091433ns6:ShareCapital2021-07-3112091433ns6:RetainedEarningsAccumulatedLosses2022-07-3112091433ns6:RetainedEarningsAccumulatedLosses2021-07-3112091433ns6:AdditionsToInvestments2022-07-3112091433ns6:CostValuation2022-07-3112091433ns6:WithinOneYearns6:CurrentFinancialInstruments2022-07-3112091433ns6:WithinOneYearns6:CurrentFinancialInstruments2021-07-31
REGISTERED NUMBER: 12091433 (England and Wales)















Unaudited Financial Statements for the Year Ended 31st July 2022

for

TTO Suffolk Ltd

TTO Suffolk Ltd (Registered number: 12091433)






Contents of the Financial Statements
for the Year Ended 31st July 2022




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4

Chartered Accountants' Report 7

TTO Suffolk Ltd

Company Information
for the Year Ended 31st July 2022







DIRECTORS: R J Neobard
A P Kinder





REGISTERED OFFICE: 29a Crown Street
Brentwood
Essex
CM14 4BA





REGISTERED NUMBER: 12091433 (England and Wales)





ACCOUNTANTS: Moulton Johnson Limited
Chartered Accountants
29a Crown Street
Brentwood
Essex
CM14 4BA

TTO Suffolk Ltd (Registered number: 12091433)

Balance Sheet
31st July 2022

31.7.22 31.7.21
Notes £ £ £ £
FIXED ASSETS
Investments 4 100 -

CURRENT ASSETS
Stocks 5 300,000 326,952
Debtors 6 3,341 34,523
Cash at bank and in hand 248,451 59,469
551,792 420,944
CREDITORS
Amounts falling due within one year 7 537,130 116,557
NET CURRENT ASSETS 14,662 304,387
TOTAL ASSETS LESS CURRENT
LIABILITIES

14,762

304,387

CREDITORS
Amounts falling due after more than one
year

8

-

446,165
NET ASSETS/(LIABILITIES) 14,762 (141,778 )

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 14,662 (141,878 )
14,762 (141,778 )

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31st July 2022.

The members have not required the company to obtain an audit of its financial statements for the year ended 31st July 2022 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:
(a)ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
(b)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.

TTO Suffolk Ltd (Registered number: 12091433)

Balance Sheet - continued
31st July 2022


The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 2nd September 2022 and were signed on its behalf by:





R J Neobard - Director


TTO Suffolk Ltd (Registered number: 12091433)

Notes to the Financial Statements
for the Year Ended 31st July 2022

1. STATUTORY INFORMATION

TTO Suffolk Ltd is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

The presentation currency of the financial statements is the Pound Sterling (£).


2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover
Revenue relating to the sale of property developments is recognised in respect of contracts completed during the year, provided that no material conditions remain outstanding at the balance sheet date, and all conditions are fully satisfied by the date on which the accounts are signed. Full provision is made for all known expected losses on completing a development once such losses are foreseen.

Investments in subsidiaries
Investments in subsidiary undertakings are recognised at cost.

Stocks
Land and buildings in the course of development are shown as development work in progress and valued at the lower of cost or net realisable value at the balance sheet date after having taken into account the estimated costs to completion of each development and the percentage of work completed at the balance sheet date.

The estimated net realisable value is calculated as the anticipated selling price at the balance sheet date less selling costs, management expenses and associated running costs to the dates of disposal.

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.

Current or deferred taxation assets and liabilities are not discounted.

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was NIL (2021 - NIL).

TTO Suffolk Ltd (Registered number: 12091433)

Notes to the Financial Statements - continued
for the Year Ended 31st July 2022

4. FIXED ASSET INVESTMENTS
Shares in
group
undertakings
£
COST
Additions 100
At 31st July 2022 100
NET BOOK VALUE
At 31st July 2022 100

5. STOCKS
31.7.22 31.7.21
£ £
Development work in progress 300,000 326,952

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.7.22 31.7.21
£ £
Amounts owed by group undertakings 2,220 -
Deferred tax asset - 33,280
Prepayments 1,121 1,243
3,341 34,523

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.7.22 31.7.21
£ £
Amounts owed to group undertakings 470,096 -
Tax 10,260 -
Other creditors 44,420 41,346
Accrued expenses 12,354 75,211
537,130 116,557

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.7.22 31.7.21
£ £
Amounts owed to group undertakings - 446,165

TTO Suffolk Ltd (Registered number: 12091433)

Notes to the Financial Statements - continued
for the Year Ended 31st July 2022

9. RELATED PARTY DISCLOSURES

Capture Architecture Ltd
A company in which A P Kinder is a director and shareholder.

The balance owed to Capture Architecture Ltd on the interest-bearing loan at 31st July 2022 amounted to £470,096 (2021: £446,165). This loan is repayable at the discretion of the directors.

Capture Architecture Limited provided project management consultancy services amounting to £nil (2021: £69,000) to the company during the year.

Mrs K Kinder
Wife of director

During the year, Mrs K Kinder continued to advance a short-term, interest-bearing loan to the company. The balance owed by the company to her at 31st July 2022 amounted to £44,420 (2021: £41,346).

Chartered Accountants' Report to the Board of Directors
on the Unaudited Financial Statements of
TTO Suffolk Ltd

The following reproduces the text of the report prepared for the directors 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 Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Directors are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of TTO Suffolk Ltd for the year ended 31st July 2022 which comprise the Income Statement, Balance Sheet and the related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the Board of Directors of TTO Suffolk Ltd, as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of TTO Suffolk Ltd and state those matters that we have agreed to state to the Board of Directors of TTO Suffolk Ltd, as a body, in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than TTO Suffolk Ltd and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that TTO Suffolk 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 TTO Suffolk Ltd. You consider that TTO Suffolk Ltd is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of TTO Suffolk 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.






Moulton Johnson Limited
Chartered Accountants
29a Crown Street
Brentwood
Essex
CM14 4BA


2nd September 2022