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Company registration number: 09700198

TGR Estates Ltd

Filleted Unaudited Financial Statements

for the Year Ended 31 October 2022

 

TGR Estates Ltd

Contents

Company Information

1

Accountants' Report

2

Balance Sheet

3 to 4

Notes to the Unaudited Financial Statements

5 to 8

 

TGR Estates Ltd

Company Information

Directors

Mr A Aresti

Mr J O'Hara

Company secretary

Mr A Aresti

Registered office

40-42 Kemble Street
Prescot
L34 5SQ

Accountants

Abrams Ashton Ltd
Chartered Accountants
7 Waterside Court
St. Helens
Merseyside
WA9 1UA

 

Chartered Accountants' Report to the Board of Directors on the Preparation of the Unaudited Statutory Accounts of
TGR Estates Ltd
for the Year Ended 31 October 2022

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of TGR Estates Ltd for the year ended 31 October 2022 as set out on pages 3 to 8 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 at
http://www.icaew.com/regulation.

This report is made solely to the Board of Directors of TGR Estates Ltd, as a body, in accordance with the terms of our engagement letter dated 16 December 2022. Our work has been undertaken solely to prepare for your approval the accounts of TGR Estates Ltd and state those matters that we have agreed to state to the Board of Directors of TGR Estates Ltd, as a body, in this report in accordance with ICAEW Technical Release 07/16 AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than TGR Estates Ltd and its Board of Directors as a body for our work or for this report.

It is your duty to ensure that TGR Estates Ltd has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and loss of TGR Estates Ltd. You consider that TGR Estates 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 accounts of TGR Estates 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 accounts.

......................................

Abrams Ashton Ltd
Chartered Accountants
7 Waterside Court
St. Helens
Merseyside
WA9 1UA

3 October 2023

 

TGR Estates Ltd

(Registration number: 09700198)
Balance Sheet as at 31 October 2022

Note

2022
£

2021
£

Fixed assets

 

Investment property

4

761,383

741,351

Current assets

 

Debtors

5

8,137

61,167

Cash at bank and in hand

 

4,534

20,148

 

12,671

81,315

Creditors: Amounts falling due within one year

6

(351,470)

(307,892)

Net current liabilities

 

(338,799)

(226,577)

Total assets less current liabilities

 

422,584

514,774

Creditors: Amounts falling due after more than one year

6

(326,250)

(372,759)

Provisions for liabilities

(29,739)

(29,143)

Net assets

 

66,595

112,872

Capital and reserves

 

Called up share capital

48

45

Share premium reserve

556

553

Retained earnings

65,991

112,274

Shareholders' funds

 

66,595

112,872

For the financial year ending 31 October 2022 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

 

TGR Estates Ltd

(Registration number: 09700198)
Balance Sheet as at 31 October 2022

Approved and authorised by the Board on 3 October 2023 and signed on its behalf by:
 

.........................................
Mr A Aresti
Company secretary and director

 

TGR Estates Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 October 2022

1

General information

The company is a private company limited by share capital, incorporated in England & Wales .

The address of its registered office is:
40-42 Kemble Street
Prescot
L34 5SQ
England

These financial statements were authorised for issue by the Board on 3 October 2023.

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value. The financial statements are prepared in sterling, which is the functional currency of the entity.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

Tax

The tax expense for the period comprises deferred tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

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

 

TGR Estates Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 October 2022

Deferred tax is recognised in respect of all timing differences between taxable profits and profits reported in the financial statements.

Unrelieved tax losses and other deferred tax assets are recognised when 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.

Investment property

Investment property is carried at fair value, derived from the current market prices for comparable real estate determined annually by external valuers. The valuers use observable market prices, adjusted if necessary for any difference in the nature, location or condition of the specific asset. Changes in fair value are recognised in profit or loss.

Trade debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.

Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

3

Staff numbers

The average number of persons employed by the company (including directors) during the year, was 2 (2021 - 2).

4

Investment properties

2022
£

At 1 November

741,351

Additions

20,032

At 31 October

761,383

There has been no valuation of investment property by an independent valuer.

5

Debtors

2022
£

2021
£

Other debtors

8,137

61,167

8,137

61,167

 

TGR Estates Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 October 2022

6

Creditors

Creditors: amounts falling due within one year

Note

2022
£

2021
£

Due within one year

 

Loans and borrowings

7

36,836

27,164

Corporation tax

 

5,351

5,351

Other creditors

 

309,283

275,377

 

351,470

307,892

Creditors: amounts falling due after more than one year

Note

2022
£

2021
£

Due after one year

 

Loans and borrowings

7

326,250

372,759

7

Loans and borrowings

2022
£

2021
£

Non-current loans and borrowings

Bank borrowings

326,250

372,759

2022
£

2021
£

Current loans and borrowings

Bank borrowings

36,836

27,164

 

TGR Estates Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 October 2022

8

Related party transactions

Transactions with directors

2022

At 1 November 2021
£

Advances to director
£

Repayments by director
£

At 31 October 2022
£

Mr A Aresti

DLA

-

4,287

(4,000)

287

         
       

Mr J O'Hara

DLA

-

4,287

(4,000)

287

         
       

 

The above loan is unsecured, interest free and repayable on demand. All the figures are disclosed on an aggregate basis. The loan was repaid shortly after the year end.