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REGISTERED NUMBER: 08892090 (England and Wales)















Unaudited Financial Statements

for the Year Ended 28th February 2023

for

TESSA PROPERTY LTD

TESSA PROPERTY LTD (REGISTERED NUMBER: 08892090)






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


TESSA PROPERTY LTD

Company Information
for the Year Ended 28th February 2023







DIRECTOR: Mrs T E Preston





REGISTERED OFFICE: 8 Green Lane Avenue
Hersham
Walton on Thames
Surrey
KT12 5HL





REGISTERED NUMBER: 08892090 (England and Wales)





ACCOUNTANT: Lesley C Woodward-Thwaites
Byrne Palmer & Co
Chartered Accountant
Hazels Lodge
Stoodleigh
Tiverton
Devon
EX16 9PY

TESSA PROPERTY LTD (REGISTERED NUMBER: 08892090)

Balance Sheet
28th February 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 442 898

CURRENT ASSETS
Debtors 5 27,002 10,992
Cash at bank 12,597 7,586
39,599 18,578
CREDITORS
Amounts falling due within one year 6 13,507 5,288
NET CURRENT ASSETS 26,092 13,290
TOTAL ASSETS LESS CURRENT
LIABILITIES

26,534

14,188

PROVISIONS FOR LIABILITIES 160 247
NET ASSETS 26,374 13,941

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 26,274 13,841
SHAREHOLDERS' FUNDS 26,374 13,941

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 her 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 4th October 2023 and were signed by:



Mrs T E Preston - Director


TESSA PROPERTY LTD (REGISTERED NUMBER: 08892090)

Notes to the Financial Statements
for the Year Ended 28th February 2023

1. STATUTORY INFORMATION

Tessa 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.

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
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery etc - 33% on cost

Financial instruments
Financial assets and financial liabilities are recognised in the balance sheet when the company becomes party to the contractual provision of the instrument.

Trade and other debtors and creditors are classified as basic financial instruments and measured at initial recognition at transaction price. Debtors and creditors are subsequently measured at amortised cost using the effective interest rate method. A provision is established when there is objective evidence that the company will not be able to collect all amounts due.

Cash and cash equivalents are classified as basic financial instruments and comprise cash in hand and at bank and bank overdrafts.

Financial liabilities and equity instruments issued by the company are classified in accordance with the substance of the contractual arrangements entered into and the definitions of a financial liability and an equity instrument. an equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities. Equity instruments issued by the company are recorded at proceeds, net of direct issue costs.

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.


TESSA PROPERTY LTD (REGISTERED NUMBER: 08892090)

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

2. ACCOUNTING POLICIES - continued
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.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

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

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1st March 2022
and 28th February 2023 7,361
DEPRECIATION
At 1st March 2022 6,463
Charge for year 456
At 28th February 2023 6,919
NET BOOK VALUE
At 28th February 2023 442
At 28th February 2022 898

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 1,679 1,601
Other debtors 25,323 9,391
27,002 10,992

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Taxation and social security 3,970 1,345
Other creditors 9,537 3,943
13,507 5,288

TESSA PROPERTY LTD (REGISTERED NUMBER: 08892090)

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

7. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 28th February 2023 and 28th February 2022:

2023 2022
£    £   
Mrs T E Preston
Balance outstanding at start of year - -
Amounts advanced 20,000 -
Amounts repaid (20,000 ) -
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year - -

Interest has been charged at 2% on the overdrawn amounts.

8. ULTIMATE CONTROLLING PARTY

The controlling party is Mrs T E Preston.