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REGISTERED NUMBER: 09357195 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 March 2023

for

TBF 5 Limited

TBF 5 Limited (Registered number: 09357195)






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 Accountants' Report 7

TBF 5 Limited

Company Information
for the Year Ended 31 March 2023







DIRECTORS: A G Buchanan
Mrs S L Buchanan





REGISTERED OFFICE: Suite 3
Dukes House
4-6 high Street
Windsor
Berkshire
SL4 1LD





REGISTERED NUMBER: 09357195 (England and Wales)





ACCOUNTANTS: Three Kings Accounting Ltd
Suite 3
Dukes House
4-6 High Street
Windsor
Berkshire
SL4 1LD

TBF 5 Limited (Registered number: 09357195)

Balance Sheet
31 March 2023

31.3.23 31.3.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 5 13,283 17,072
Investment property 6 2,366,698 2,366,698
2,379,981 2,383,770

CURRENT ASSETS
Debtors 7 4,913 4,696
Cash at bank 40,837 64,655
45,750 69,351
CREDITORS
Amounts falling due within one year 8 2,053,950 2,150,030
NET CURRENT LIABILITIES (2,008,200 ) (2,080,679 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

371,781

303,091

CAPITAL AND RESERVES
Called up share capital 5 5
Retained earnings 371,776 303,086
371,781 303,091

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 directors acknowledge their 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.

TBF 5 Limited (Registered number: 09357195)

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 Board of Directors and authorised for issue on 20 October 2023 and were signed on its behalf by:





A G Buchanan - Director


TBF 5 Limited (Registered number: 09357195)

Notes to the Financial Statements
for the Year Ended 31 March 2023

1. STATUTORY INFORMATION

TBF 5 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.

The presentation currency of the financial statements is the Pound Sterling (£).


2. STATEMENT OF COMPLIANCE

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.

3. ACCOUNTING POLICIES

Basis of preparing the financial statements
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 - 20% on cost

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.

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.


TBF 5 Limited (Registered number: 09357195)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2023

3. 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.

4. EMPLOYEES AND DIRECTORS

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

5. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 April 2022 46,980
Additions 1,803
At 31 March 2023 48,783
DEPRECIATION
At 1 April 2022 29,908
Charge for year 5,592
At 31 March 2023 35,500
NET BOOK VALUE
At 31 March 2023 13,283
At 31 March 2022 17,072

TBF 5 Limited (Registered number: 09357195)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2023

6. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 April 2022
and 31 March 2023 2,366,698
NET BOOK VALUE
At 31 March 2023 2,366,698
At 31 March 2022 2,366,698

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.23 31.3.22
£    £   
Other debtors 4,913 4,696

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.23 31.3.22
£    £   
Taxation and social security 16,850 17,052
Other creditors 2,037,100 2,132,978
2,053,950 2,150,030

9. DIRECTORS LOAN TO THE COMPANY

The following loans from directors subsisted during the years ended 31 March 2023 and 31 March 2022:

31.3.23 31.3.22
£    £   
A G Buchanan and Mrs S L Buchanan
Balance outstanding at start of year (2,128,808 ) (2,177,208 )
Amounts advanced 98,473 48,400
Amounts repaid - -
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year (2,030,335 ) (2,128,808 )

No interest has been charged by the Directors and the amounts are repayable on demand.

Chartered Accountants' Report to the Board of Directors
on the Unaudited Financial Statements of
TBF 5 Limited

The following reproduces the text of the report prepared for the directors 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 Directors 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 TBF 5 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 Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the Board of Directors of TBF 5 Limited, as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of TBF 5 Limited and state those matters that we have agreed to state to the Board of Directors of TBF 5 Limited, as a body, in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than TBF 5 Limited and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that TBF 5 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 TBF 5 Limited. You consider that TBF 5 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 TBF 5 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.






Three Kings Accounting Ltd
Suite 3
Dukes House
4-6 High Street
Windsor
Berkshire
SL4 1LD



Chartered Accountants' Report to the Board of Directors
on the Unaudited Financial Statements of
TBF 5 Limited

20 October 2023