Caseware UK (AP4) 2022.0.179 2022.0.179 2023-04-302023-04-3019false2022-05-0116truetrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. 07535939 2022-05-01 2023-04-30 07535939 2021-05-01 2022-04-30 07535939 2023-04-30 07535939 2022-04-30 07535939 2021-05-01 07535939 c:Director2 2022-05-01 2023-04-30 07535939 d:MotorVehicles 2022-05-01 2023-04-30 07535939 d:MotorVehicles 2023-04-30 07535939 d:MotorVehicles 2022-04-30 07535939 d:MotorVehicles d:OwnedOrFreeholdAssets 2022-05-01 2023-04-30 07535939 d:FurnitureFittings 2022-05-01 2023-04-30 07535939 d:FurnitureFittings 2023-04-30 07535939 d:FurnitureFittings 2022-04-30 07535939 d:FurnitureFittings d:OwnedOrFreeholdAssets 2022-05-01 2023-04-30 07535939 d:OwnedOrFreeholdAssets 2022-05-01 2023-04-30 07535939 d:Goodwill 2023-04-30 07535939 d:Goodwill 2022-04-30 07535939 d:CurrentFinancialInstruments 2023-04-30 07535939 d:CurrentFinancialInstruments 2022-04-30 07535939 d:Non-currentFinancialInstruments 2023-04-30 07535939 d:Non-currentFinancialInstruments 2022-04-30 07535939 d:CurrentFinancialInstruments d:WithinOneYear 2023-04-30 07535939 d:CurrentFinancialInstruments d:WithinOneYear 2022-04-30 07535939 d:Non-currentFinancialInstruments d:AfterOneYear 2023-04-30 07535939 d:Non-currentFinancialInstruments d:AfterOneYear 2022-04-30 07535939 d:Non-currentFinancialInstruments d:BetweenOneTwoYears 2023-04-30 07535939 d:Non-currentFinancialInstruments d:BetweenOneTwoYears 2022-04-30 07535939 d:ShareCapital 2023-04-30 07535939 d:ShareCapital 2022-04-30 07535939 d:SharePremium 2023-04-30 07535939 d:SharePremium 2022-04-30 07535939 d:CapitalRedemptionReserve 2023-04-30 07535939 d:CapitalRedemptionReserve 2022-04-30 07535939 d:RetainedEarningsAccumulatedLosses 2023-04-30 07535939 d:RetainedEarningsAccumulatedLosses 2022-04-30 07535939 d:AcceleratedTaxDepreciationDeferredTax 2023-04-30 07535939 d:AcceleratedTaxDepreciationDeferredTax 2022-04-30 07535939 d:TaxLossesCarry-forwardsDeferredTax 2023-04-30 07535939 d:TaxLossesCarry-forwardsDeferredTax 2022-04-30 07535939 c:OrdinaryShareClass1 2022-05-01 2023-04-30 07535939 c:OrdinaryShareClass1 2023-04-30 07535939 c:OrdinaryShareClass1 2022-04-30 07535939 c:OrdinaryShareClass2 2022-05-01 2023-04-30 07535939 c:OrdinaryShareClass2 2023-04-30 07535939 c:OrdinaryShareClass2 2022-04-30 07535939 c:OrdinaryShareClass3 2022-05-01 2023-04-30 07535939 c:OrdinaryShareClass3 2023-04-30 07535939 c:OrdinaryShareClass3 2022-04-30 07535939 c:OrdinaryShareClass4 2022-05-01 2023-04-30 07535939 c:OrdinaryShareClass4 2023-04-30 07535939 c:OrdinaryShareClass4 2022-04-30 07535939 c:FRS102 2022-05-01 2023-04-30 07535939 c:AuditExempt-NoAccountantsReport 2022-05-01 2023-04-30 07535939 c:FullAccounts 2022-05-01 2023-04-30 07535939 c:PrivateLimitedCompanyLtd 2022-05-01 2023-04-30 07535939 2 2022-05-01 2023-04-30 07535939 d:Goodwill d:OwnedIntangibleAssets 2022-05-01 2023-04-30 iso4217:GBP xbrli:shares xbrli:pure

Registered number: 07535939









TYLERS PROPERTY PARTNERSHIP LIMITED







UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 30 APRIL 2023

 
TYLERS PROPERTY PARTNERSHIP LIMITED
REGISTERED NUMBER: 07535939

BALANCE SHEET
AS AT 30 APRIL 2023

2023
2022
Note
£
£

FIXED ASSETS
  

Intangible assets
 4 
43,333
53,333

Tangible assets
 5 
14,763
11,895

  
58,096
65,228

CURRENT ASSETS
  

Debtors: amounts falling due within one year
 6 
55,826
54,708

Cash at bank and in hand
  
206,169
297,665

  
261,995
352,373

Creditors: amounts falling due within one year
 7 
(162,163)
(234,556)

NET CURRENT ASSETS
  
 
 
99,832
 
 
117,817

TOTAL ASSETS LESS CURRENT LIABILITIES
  
157,928
183,045

Creditors: amounts falling due after more than one year
 8 
-
(6,079)

PROVISIONS FOR LIABILITIES
  

Deferred tax
 10 
(1,994)
(918)

  
 
 
(1,994)
 
 
(918)

NET ASSETS
  
155,934
176,048


CAPITAL AND RESERVES
  

Called up share capital 
 11 
800
800

Share premium account
  
99,800
99,800

Capital redemption reserve
  
300
300

Profit and loss account
  
55,034
75,148

  
155,934
176,048


Page 1

 
TYLERS PROPERTY PARTNERSHIP LIMITED
REGISTERED NUMBER: 07535939
    
BALANCE SHEET (CONTINUED)
AS AT 30 APRIL 2023

The directors consider that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

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

The Company has opted not to file the statement of income and retained earnings in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf by: 




Mr C Gurney
Director

Date: 3 October 2023

The notes on pages 3 to 10 form part of these financial statements.

Page 2

 
TYLERS PROPERTY PARTNERSHIP LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2023

1.


GENERAL INFORMATION

Tylers Property Partnership Limited is a company is limited by shares and incorporated in England and Wales. Its registered office is Salisbury House, Station Road, Cambridge, CB1 2LA. Its principal place of business is 104 Cherry Hinton Road, Cambridge, CB1 7AJ.
The Company's functional and presentatonal currency is GBP.

2.ACCOUNTING POLICIES

 
2.1

BASIS OF PREPARATION OF FINANCIAL STATEMENTS

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with Section 1A of Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006.

The following principal accounting policies have been applied:

 
2.2

TURNOVER

Turnover comprises property sales and rental lettings commission revenue recognised by the company during the year, exclusive Value Added Tax.

  
2.3

INTANGIBLE ASSETS

GOODWILL
Goodwill represents the difference between amounts paid on the cost of a business combination and the acquirer’s interest in the fair value of its identifiable assets and liabilities of the acquiree at the date of acquisition. Subsequent to initial recognition, goodwill is measured at cost less accumulated amortisation and accumulated impairment losses. Goodwill is amortised on a straight-line basis to the Statement of Income and Retained Earnings over its useful economic life of 10 years.

 
2.4

TANGIBLE FIXED ASSETS

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, on a reducing balance basis.

Depreciation is provided on the following basis:

Motor vehicles
-
25%
reducing balance
Fixtures and fittings
-
25%
reducing balance

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.

Page 3

 
TYLERS PROPERTY PARTNERSHIP LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2023

2.ACCOUNTING POLICIES (CONTINUED)

 
2.5

DEBTORS

Short-term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

 
2.6

CREDITORS

Short-term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

 
2.7

GOVERNMENT GRANTS

Grants are accounted under the accruals model as permitted by FRS 102. Grants relating to expenditure on tangible fixed assets are credited to profit or loss at the same rate as the depreciation on the assets to which the grant relates. The deferred element of grants is included in creditors as deferred income.
Grants of a revenue nature are recognised in the Statement of Income and Retained Earnings in the same period as the related expenditure.

 
2.8

FINANCE COSTS

Finance costs are charged to profit or loss over the term of the debt using the effective interest method so that the amount charged is at a constant rate on the carrying amount. Issue costs are initially recognised as a reduction in the proceeds of the associated capital instrument.

 
2.9

DIVIDENDS

Equity dividends are recognised when they become legally payable. Interim equity dividends are recognised when paid. Final equity dividends are recognised when approved by the shareholders at an annual general meeting.

 
2.10

PENSIONS

DEFINED CONTRIBUTION PENSION PLAN

The Company operates a defined contribution plan for its employees. A defined contribution plan is a pension plan under which the Company pays fixed contributions into a separate entity. Once the contributions have been paid the Company has no further payment obligations.

The contributions are recognised as an expense in profit or loss when they fall due. Amounts not paid are shown in accruals as a liability in the Balance Sheet. The assets of the plan are held separately from the Company in independently administered funds.

 
2.11

INTEREST INCOME

Interest income is recognised in profit or loss using the effective interest method.

Page 4

 
TYLERS PROPERTY PARTNERSHIP LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2023

2.ACCOUNTING POLICIES (CONTINUED)

 
2.12

BORROWING COSTS

All borrowing costs are recognised in profit or loss in the year in which they are incurred.

 
2.13

PROVISIONS FOR LIABILITIES

Provisions are made where an event has taken place that gives the Company a legal or constructive obligation that probably requires settlement by a transfer of economic benefit, and a reliable estimate can be made of the amount of the obligation.
Provisions are charged as an expense to profit or loss in the year that the Company becomes aware of the obligation, and are measured at the best estimate at the balance sheet date of the expenditure required to settle the obligation, taking into account relevant risks and uncertainties.
When payments are eventually made, they are charged to the provision carried in the Balance Sheet.

 
2.14

CURRENT AND DEFERRED TAXATION

The tax expense for the year comprises current and deferred tax. Tax is recognised in profit or loss except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the balance sheet date in the countries where the Company operates and generates income.

Deferred tax balances are recognised in respect of all timing differences that have originated but not reversed by the balance sheet date, except that:
The recognition of deferred tax assets is limited to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits; and
Any deferred tax balances are reversed if and when all conditions for retaining associated tax allowances have been met.

Deferred tax balances are not recognised in respect of permanent differences except in respect of business combinations, when deferred tax is recognised on the differences between the fair values of assets acquired and the future tax deductions available for them and the differences between the fair values of liabilities acquired and the amount that will be assessed for tax. Deferred tax is determined using tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

 
2.15

CASH AND CASH EQUIVALENTS

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.


3.


EMPLOYEES

The average monthly number of employees, including directors, during the year was 16 (2022 - 19).

Page 5

 
TYLERS PROPERTY PARTNERSHIP LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2023

4.


INTANGIBLE ASSETS




Goodwill

£



COST


At 1 May 2022
445,000



At 30 April 2023

445,000



AMORTISATION


At 1 May 2022
391,667


Charge for the year on owned assets
10,000



At 30 April 2023

401,667



NET BOOK VALUE



At 30 April 2023
43,333



At 30 April 2022
53,333



Page 6

 
TYLERS PROPERTY PARTNERSHIP LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2023

5.


TANGIBLE FIXED ASSETS





Motor vehicles
Fixtures and fittings
Total

£
£
£



COST


At 1 May 2022
12,500
62,151
74,651


Additions
-
6,231
6,231



At 30 April 2023

12,500
68,382
80,882



DEPRECIATION


At 1 May 2022
8,136
54,620
62,756


Charge for the year on owned assets
1,091
2,272
3,363



At 30 April 2023

9,227
56,892
66,119



NET BOOK VALUE



At 30 April 2023
3,273
11,490
14,763



At 30 April 2022
4,364
7,531
11,895


6.


DEBTORS

2023
2022
£
£

Trade debtors
30,217
18,338

Other debtors
4,236
14,686

Prepayments and accrued income
21,373
21,684

55,826
54,708


Page 7

 
TYLERS PROPERTY PARTNERSHIP LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2023

7.


CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2023
2022
£
£

Bank loans
6,673
40,592

Trade creditors
37,676
35,414

Corporation tax
24,402
40,127

Other taxation and social security
22,460
25,881

Other creditors
66,157
87,033

Accruals and deferred income
4,795
5,509

162,163
234,556


Included within other creditors are amounts due to defined contribution pension schemes of £1,082 (2022 - £1,097).
Bank loans comprise a Government backed 'Coronavirus Business Interruption Loan' (CBIL), which was drawn down in June 2020. This loan is 100% guaranteed by the Government and there will be no fees or interest payable in the first 12 months. During the year interest of 2.5% - 6.0% per annum was charged on the loan.


8.


CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2023
2022
£
£

Bank loans
-
6,079


Bank loans comprise a Government backed 'Coronavirus Business Interruption Loan' (CBIL), which was drawn down in June 2020. This loan is 100% guaranteed by the Government and there will be no fees or interest payable in the first 12 months. During the year interest of 2.5% - 6.0% per annum was charged on the loan.

Page 8

 
TYLERS PROPERTY PARTNERSHIP LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2023

9.


LOANS


Analysis of the maturity of loans is given below:


2023
2022
£
£

AMOUNTS FALLING DUE WITHIN ONE YEAR

Bank loans
6,673
40,592


6,673
40,592

AMOUNTS FALLING DUE 1-2 YEARS

Bank loans
-
6,079


-
6,079

6,673
46,671


Page 9

 
TYLERS PROPERTY PARTNERSHIP LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2023

10.


DEFERRED TAXATION




2023
2022


£

£



At beginning of year
918
869


Charged to profit or loss
1,076
49



AT END OF YEAR
1,994
918

The provision for deferred taxation is made up as follows:

2023
2022
£
£


Fixed asset differences
2,102
1,036

Short term timing differences
(108)
(118)

1,994
918


11.


SHARE CAPITAL

2023
2022
£
£
ALLOTTED, CALLED UP AND FULLY PAID



256 (2022 - 256) Ordinary A shares of £1.00 each
256
256
256 (2022 - 256) Non-Voting A shares of £1.00 each
256
256
144 (2022 - 144) Ordinary B shares of £1.00 each
144
144
144 (2022 - 144) Non-Voting B shares of £1.00 each
144
144

800

800



12.FINANCIAL COMMITMENTS

Total financial commitments, guarantees and contingencies that are not included in the balance sheet amount to £115,667 (2022 - £158,267).


13.


TRANSACTIONS WITH DIRECTORS

At the year end the directors owed balances of £4,136 (2022 - £8,513) to the Company. These are interest free and repayable on demand.
The directors have provided personal guarantees totalling £25,000 (2022 - £25,000).

 
Page 10