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REGISTERED NUMBER: 09804346 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2023

FOR

T J PROPERTY SERVICES LIMITED

T J PROPERTY SERVICES LIMITED (REGISTERED NUMBER: 09804346)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4

Chartered Certified Accountants' Report 8

T J PROPERTY SERVICES LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 MARCH 2023







DIRECTOR: T J Harding





REGISTERED OFFICE: Market House
21 Lenten Street
Alton
Hampshire
GU34 1HG





REGISTERED NUMBER: 09804346 (England and Wales)





ACCOUNTANTS: Wettone Matthews Limited
Chartered Certified Accountants
Market House
21 Lenten Street
Alton
GU34 1HG

T J PROPERTY SERVICES LIMITED (REGISTERED NUMBER: 09804346)

BALANCE SHEET
31 MARCH 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 6,037 7,546
Investment property 5 1,900,000 1,895,000
1,906,037 1,902,546

CURRENT ASSETS
Stocks 84,168 84,168
Debtors 6 19,879 12,372
Cash at bank - 21,812
104,047 118,352
CREDITORS
Amounts falling due within one year 7 1,124,454 1,145,769
NET CURRENT LIABILITIES (1,020,407 ) (1,027,417 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

885,630

875,129

CREDITORS
Amounts falling due after more than one
year

8

(442,787

)

(475,883

)

PROVISIONS FOR LIABILITIES 10 (67,310 ) (66,360 )
NET ASSETS 375,533 332,886

CAPITAL AND RESERVES
Called up share capital 1 1
Fair value reserve 11 295,297 291,247
Retained earnings 80,235 41,638
SHAREHOLDERS' FUNDS 375,533 332,886

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2023 in accordance with Section 476 of the Companies Act 2006.

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
(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.

T J PROPERTY SERVICES LIMITED (REGISTERED NUMBER: 09804346)

BALANCE SHEET - continued
31 MARCH 2023


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 director and authorised for issue on 28 September 2023 and were signed by:





T J Harding - Director


T J PROPERTY SERVICES LIMITED (REGISTERED NUMBER: 09804346)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023


1. STATUTORY INFORMATION

T J Property Services Limited 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.

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 as modified by the revaluation of certain assets.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Motor vehicles - 20% on reducing balance

Investment property
Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

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.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

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.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2022 - NIL ) .

T J PROPERTY SERVICES LIMITED (REGISTERED NUMBER: 09804346)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2023


4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 April 2022
and 31 March 2023 18,421
DEPRECIATION
At 1 April 2022 10,875
Charge for year 1,509
At 31 March 2023 12,384
NET BOOK VALUE
At 31 March 2023 6,037
At 31 March 2022 7,546

5. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 April 2022 1,895,000
Revaluations 5,000
At 31 March 2023 1,900,000
NET BOOK VALUE
At 31 March 2023 1,900,000
At 31 March 2022 1,895,000

Fair value at 31 March 2023 is represented by:
£   
Valuation in 2017 22,855
Valuation in 2018 40,419
Valuation in 2019 61,753
Valuation in 2020 30,718
Valuation in 2021 131,336
Valuation in 2022 70,694
Valuation in 2023 5,000
Cost 1,537,225
1,900,000

T J PROPERTY SERVICES LIMITED (REGISTERED NUMBER: 09804346)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2023


5. INVESTMENT PROPERTY - continued

If investment properties had not been revalued they would have been included at the following historical cost:

2023 2022
£    £   
Cost 1,537,225 1,537,225

Investment properties were valued on an open market basis on 31 March 2023 by James Kristian and Abode Sales & Lettings .

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 14,298 -
Other debtors 5,581 12,372
19,879 12,372

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Bank loans and overdrafts 62,508 44,178
Amounts owed to associates 694,334 707,511
Taxation and social security 9,408 14,949
Other creditors 358,204 379,131
1,124,454 1,145,769

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2023 2022
£    £   
Bank loans 308,707 354,803
Other creditors 134,080 121,080
442,787 475,883

Amounts falling due in more than five years:

Repayable by instalments
Bank loans more 5 yr by instal 109,039 174,314

T J PROPERTY SERVICES LIMITED (REGISTERED NUMBER: 09804346)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2023


9. SECURED DEBTS

The following secured debts are included within creditors:

2023 2022
£    £   
Bank loans 355,181 398,981

A loan from Shawbrook Bank is secured by a charge over four of the company's investment properties. A loan from Lloyds Bank is secured by a first legal charge over eighteen of the company's investment properties.

10. PROVISIONS FOR LIABILITIES
2023 2022
£    £   
Deferred tax 67,310 66,360

Deferred
tax
£   
Balance at 1 April 2022 66,360
Provided during year 950
Balance at 31 March 2023 67,310

11. RESERVES
Fair
value
reserve
£   
At 1 April 2022 291,247
Fair value gains net of
deferred tax 4,050

At 31 March 2023 295,297

12. RELATED PARTY DISCLOSURES

T J Harding is also a director of FE Learning Ltd. At the balance sheet date T J Property Services owed FE Learning Ltd £694,334(2022: £707,511).

CHARTERED CERTIFIED ACCOUNTANTS' REPORT TO THE DIRECTOR
ON THE UNAUDITED FINANCIAL STATEMENTS OF
T J PROPERTY SERVICES LIMITED


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 Balance Sheet. 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.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of T J Property Services Limited for the year ended 31 March 2023 which comprise the Income Statement, Balance Sheet, Statement of Changes in Equity 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 Association of Chartered Certified Accountants, we are subject to its ethical and other professional requirements which are detailed at http://www.accaglobal.com/rulebook.

This report is made solely to the director of T J Property Services Limited in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of T J Property Services Limited and state those matters that we have agreed to state to the director of T J Property Services Limited 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.

It is your duty to ensure that T J Property Services Limited 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 T J Property Services Limited. You consider that T J Property Services Limited 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 T J Property Services Limited. 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.






Wettone Matthews Limited
Chartered Certified Accountants
Market House
21 Lenten Street
Alton
GU34 1HG


28 September 2023