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REGISTERED NUMBER: 08912905 (England and Wales)















Unaudited Financial Statements For The Year Ended 28th February 2023

for

Tunbridge Property Ltd

Tunbridge Property Ltd (Registered number: 08912905)






Contents of the Financial Statements
For The Year Ended 28th February 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


Tunbridge Property Ltd

Company Information
For The Year Ended 28th February 2023







DIRECTOR: T Knust





REGISTERED OFFICE: 39 Gentlemans Row
Enfield
Middlesex
EN2 6PU





REGISTERED NUMBER: 08912905 (England and Wales)





ACCOUNTANTS: Dua & Co. Limited
1st Floor
5 Century Court
Tolpits Lane
Watford
Hertfordshire
WD18 9PX

Tunbridge Property Ltd (Registered number: 08912905)

Balance Sheet
28th February 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Investment property 4 975,000 975,000

CURRENT ASSETS
Stocks 243,641 207,756
Debtors 5 42,075 32,725
Cash at bank 7,294 1,183
293,010 241,664
CREDITORS
Amounts falling due within one year 6 359,364 347,731
NET CURRENT LIABILITIES (66,354 ) (106,067 )
TOTAL ASSETS LESS CURRENT LIABILITIES 908,646 868,933

CREDITORS
Amounts falling due after more than one year 7 683,511 665,324
NET ASSETS 225,135 203,609

CAPITAL AND RESERVES
Called up share capital 100 100
Revaluation reserve 8 207,655 207,655
Retained earnings 17,380 (4,146 )
SHAREHOLDERS' FUNDS 225,135 203,609

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 28th February 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 28th February 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.

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 17th October 2023 and were signed by:





T Knust - Director


Tunbridge Property Ltd (Registered number: 08912905)

Notes to the Financial Statements
For The Year Ended 28th February 2023

1. STATUTORY INFORMATION

Tunbridge Property 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.

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.

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.

3. EMPLOYEES AND DIRECTORS

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

4. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1st March 2022
and 28th February 2023 975,000
NET BOOK VALUE
At 28th February 2023 975,000
At 28th February 2022 975,000

Tunbridge Property Ltd (Registered number: 08912905)

Notes to the Financial Statements - continued
For The Year Ended 28th February 2023

4. INVESTMENT PROPERTY - continued

Fair value at 28th February 2023 is represented by:
£   
Valuation in 2022 975,000

** TOTAL SHOWN ON CLIENT SCREEN - REVALUATION ANALYSIS - DOES NOT AGREE TO TOTAL OF FIXED ASSET 'COST' ACCOUNT HELD AT END OF YEAR IN RESPECT OF
INVESTMENT PROPERTY

'COST' ACCOUNT TOTAL
Cost/valuation b/f 975,000
975,000

CLIENT SCREEN TOTAL = -


5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Other debtors 42,075 32,725

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Taxation and social security 8,685 1,870
Other creditors 350,679 345,861
359,364 347,731

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2023 2022
£    £   
Bank loans 468,085 480,214
Other creditors 215,426 185,110
683,511 665,324

Amounts falling due in more than five years:

Repayable by instalments
Bank loans more 5 yr by instal 468,085 480,214

8. RESERVES
Revaluation
reserve
£   
At 1st March 2022
and 28th February 2023 207,655